LegalizeReform history
Taxation of Chargeable Gains Act 1992
100 versions
· 1992-03-06
2025-03-20
Taxation of Chargeable Gains Act 1992
2025-03-19
Taxation of Chargeable Gains Act 1992
2024-10-30
Taxation of Chargeable Gains Act 1992
2024-05-24
Taxation of Chargeable Gains Act 1992
2024-04-06
Taxation of Chargeable Gains Act 1992
2024-02-22
Taxation of Chargeable Gains Act 1992
2024-01-04
Taxation of Chargeable Gains Act 1992
2023-07-11
Taxation of Chargeable Gains Act 1992
2023-04-06
Taxation of Chargeable Gains Act 1992
2022-05-24
Taxation of Chargeable Gains Act 1992
2022-04-06
Taxation of Chargeable Gains Act 1992
2022-04-05
Taxation of Chargeable Gains Act 1992
2022-02-24
Taxation of Chargeable Gains Act 1992
2021-12-09
Taxation of Chargeable Gains Act 1992
2021-07-08
Taxation of Chargeable Gains Act 1992
2021-06-10
Taxation of Chargeable Gains Act 1992
2021-04-06
Taxation of Chargeable Gains Act 1992
2021-03-24
Taxation of Chargeable Gains Act 1992
2020-12-31
Taxation of Chargeable Gains Act 1992
2020-07-22
Taxation of Chargeable Gains Act 1992
2020-06-26
Taxation of Chargeable Gains Act 1992
2020-05-20
Taxation of Chargeable Gains Act 1992
2020-04-10
Taxation of Chargeable Gains Act 1992
2020-04-06
Taxation of Chargeable Gains Act 1992
2020-04-01
Taxation of Chargeable Gains Act 1992
2020-03-11
Taxation of Chargeable Gains Act 1992
2019-12-02
Taxation of Chargeable Gains Act 1992
2019-11-04
Taxation of Chargeable Gains Act 1992
2019-07-11
Taxation of Chargeable Gains Act 1992
2019-07-05
Taxation of Chargeable Gains Act 1992
2019-04-29
Taxation of Chargeable Gains Act 1992
2019-02-12
Taxation of Chargeable Gains Act 1992
2018-10-29
Taxation of Chargeable Gains Act 1992
2018-10-01
Taxation of Chargeable Gains Act 1992
2018-03-15
Taxation of Chargeable Gains Act 1992
2018-02-09
Taxation of Chargeable Gains Act 1992
2018-01-01
Taxation of Chargeable Gains Act 1992
2017-12-15
Taxation of Chargeable Gains Act 1992
2017-11-16
Taxation of Chargeable Gains Act 1992
2017-04-27
Taxation of Chargeable Gains Act 1992
2017-04-06
Taxation of Chargeable Gains Act 1992
2016-11-30
Taxation of Chargeable Gains Act 1992
2016-10-01
Taxation of Chargeable Gains Act 1992
2016-09-15
Taxation of Chargeable Gains Act 1992
2016-04-06
Taxation of Chargeable Gains Act 1992
2015-11-18
Taxation of Chargeable Gains Act 1992
2015-08-07
Taxation of Chargeable Gains Act 1992
Changes on 2015-08-07
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## SCHEDULE 12
#### Persons and gains chargeable to capital gains tax, and allowable losses.
#### Restriction of losses
#### Reporting limits
#### The charge to tax.
#### Tapering relief for gains
#### Rates of capital gains tax
#### Individual who has made election under section 16ZA and to whom remittance basis applies
@@ -11872,7 +11872,7 @@
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#### Death: application of law in Northern Ireland
#### Death: application of law in Scotland.
##### 177A
@@ -11880,9 +11880,9 @@
#### Exemption for authorised unit trusts etc.
#### Variation of will or intestacy, etc: identification of settlor
#### Sub-fund settlements
#### Transfer between settlements: identification of settlor
#### Trustees of settlements.
#### Holding beginning or ceasing to fall within section 490 of CTA 2009
@@ -11936,6589 +11936,6591 @@
- (2) If the disposal by the incorporated society is in the circumstances mentioned in subsection (8) of section 41, the disposal to which section 217A(3) applies shall for the purposes of that subsection be taken to have been a previous transfer of the asset in such circumstances.
#### Holding beginning or ceasing to fall within section 490 of CTA 2009
#### Procedure for clearance in advance.
#### Section 119A: unremitted Part 7A income
#### Relief for disposals by individuals on retirement from family business.
#### Postponement of charge on transfer of assets to non-resident company.
#### Relief on re-investment for individuals.
## SCHEDULE 7A
### Application and construction of Schedule
##### 1
- (1) This Schedule shall have effect, in the case of a company which becomes a member of a group of companies (“*the relevant group*”), in relation to any pre-entry losses of that company, but this Schedule shall have no effect in any case where section 184A (restrictions on buying losses: tax avoidance schemes) has effect in relation to those losses.
- (2) In this Schedule “*pre-entry loss*”, in relation to any company, means any allowable loss that accrued to that company at a time before it became a member of the relevant group.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) If—
- (a) the principal company of a group of companies (“*the first group*”) has at any time become a member of another group (“*the second group*”) so that the two groups are treated as the same by virtue of subsection (10) or (10A) of section 170, and
- (b) the second group, together in pursuance of that subsection with the first group, is the relevant group,
then, except where sub-paragraph (7) below applies, the members of the first group shall be treated for the purposes of this Schedule as having become members of the relevant group at that time, and not by virtue of that subsection at the times when they became members of the first group.
- (7) This sub-paragraph applies where—
- (a) the persons who immediately before the time when the principal company of the first group became a member of the second group owned the shares comprised in the issued share capital of the principal company of the first group are the same as the persons who, immediately after that time, owned the shares comprised in the issued share capital of the principal company of the relevant group; and
- (b) the company which is the principal company of the relevant group immediately after that time—
- (i) was not the principal company of any group immediately before that time; and
- (ii) immediately after that time had assets consisting entirely, or almost entirely, of shares comprised in the issued share capital of the principal company of the first group.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In determining for the purposes of this Schedule whether any allowable loss accruing to a company under section 116(10)(b) is a loss that accrued before the company became a member of the relevant group, any loss so accruing shall be deemed to have accrued at the time of the relevant transaction within the meaning of section 116(2).
- (10) In determining for the purposes of this Schedule whether any allowable loss accruing to a company on a disposal under section 212 is a loss that accrued before the company became a member of the relevant group, the provisions of section 213 shall be disregarded.
### Pre-entry proportion of losses on pre-entry assets
##### 2
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### Disposals of pooled assets
##### 3
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### Rule to prevent pre-entry losses on pooled assets being treated as post-entry losses
##### 4
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### Alternative calculation by reference to market value
##### 5
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### Restrictions on the deduction of pre-entry losses
##### 6
- (1) In the calculation of the amount to be included in respect of chargeable gains in any company’s total profits for any accounting period—
- (a) if in that period there is any chargeable gain from which the whole or any part of any pre-entry loss accruing in that period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (b) if, after all such deductions as may be made under paragraph (a) above have been made, there is in that period any chargeable gain from which the whole or any part of any pre-entry loss carried forward from a previous accounting period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (c) the total chargeable gains (if any) remaining after the making of all such deductions as may be made under paragraph (a) or (b) above shall be subject to deductions in accordance with section 8(1) in respect of any allowable losses that are not pre-entry losses; and
- (d) any pre-entry loss which has not been the subject of a deduction under paragraph (a) or (b) above (as well as any other losses falling to be carried forward under section 8(1)) shall be carried forward to the following accounting period of that company.
- (2) Subject to sub-paragraph (1) above, any question as to which or what part of any pre-entry loss has been deducted from any particular chargeable gain shall be decided—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , in accordance with such elections as may be made by the company to which the loss accrued;
and any question as to which or what part of any pre-entry loss has been carried forward from one accounting period to another shall be decided accordingly.
- (3) An election by any company under this paragraph shall be made by notice to the inspector given—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , before the end of the period of two years beginning with the end of the accounting period of that company in which the gain in question accrued.
- (4) For the purposes of this Schedule where any matter falls to be determined under this paragraph by reference to an election but no election is made, it shall be assumed, so far as consistent with any elections that have been made—
- (a) that losses are set against gains in the order in which the losses accrued; and
- (b) that the gains against which they are set are also determined according to the order in which they accrued with losses being set against earlier gains before they are set against later ones.
### Gains from which pre-entry losses are to be deductible
##### 7
- (1) A pre-entry loss that accrued to a company before it became a member of the relevant group shall be deductible from a chargeable gain accruing to that company if the gain is one accruing—
- (a) on a disposal made by that company before the date on which it became a member of the relevant group (“*the entry date*”);
- (b) on the disposal of an asset which was held by that company immediately before the entry date; or
- (c) on the disposal of any asset in respect of which the conditions in sub-paragraph (1A) are met.
- (1A) The conditions referred to in sub-paragraph (1)(c) are—
- (a) that the asset was acquired, on or after the entry date, by—
- (i) the company to which the pre-entry loss accrued (“company A”), or
- (ii) a company which, at the time of the acquisition, was a group company of company A,
from a person who at the time of the acquisition was not a group company of company A, and
- (b) that the asset has not, since its acquisition from that person, been used or held for any purposes other than those of a trade or business which—
- (i) was being carried on by company A immediately before the entry date, and
- (ii) continued until the disposal to be carried on by company A or a company which, when it carried on the trade or business, was a group company of company A.
- (1B) For the purposes of sub-paragraph (1A), a company is a “group company of company A” at any time when it is a member of a group of companies of which company A is also a member.
- (1C) Where a company, having become a member of the relevant group, subsequently becomes a member of another group (“the new group”)—
- (a) sub-paragraph (1) continues to have effect, in relation to any loss which accrued to the company before it became a member of the relevant group, by reference to the date on which it became such a member, and
- (b) accordingly, that sub-paragraph does not apply separately in relation to the loss by reason of it also having accrued to the company before it became a member of the new group.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Where two or more companies become members of the relevant group at the same time and those companies were all members of the same group of companies immediately before they became members of the relevant group, then ... —
- (a) an asset shall be treated for the purposes of sub-paragraph (1)(b) above as held, immediately before it became a member of the relevant group, by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact so held by another of those companies;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- (c) the acquisition of an asset shall be treated for the purposes of sub-paragraph (1A) above as an acquisition by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact acquired (whether before or after they became members of the relevant group) by another of those companies.
- (4) Sub-paragraphs (4A) and (4B) apply for determining for the purposes of this paragraph whether an asset on the disposal of which a chargeable gain accrues was an asset held by a company immediately before the entry date (a “pre-entry asset”).
- (4A) Except as provided by sub-paragraph (4B), an asset is not a pre-entry asset if—
- (a) the company which held the asset at the entry date is not the company which makes the disposal, and
- (b) since the entry date that asset has been disposed of otherwise than by a disposal to which section 171 applies.
- (4B) Without prejudice to sub-paragraph (4C), where, on a disposal to which section 171 does not apply—
- (a) an asset would cease to be a pre-entry asset by virtue of sub-paragraph (4A), but
- (b) the company making the disposal retains an interest in or over the asset in question,
that interest is a pre-entry asset.
- (4C) For the purposes of this paragraph—
- (a) an asset acquired or held by a company at any time and an asset held at a later time by that company, or by any company which is or has been a member of the same group of companies as that company, is to be treated as the same asset if the value of the second asset is derived in whole or in part from the first asset, and
- (b) if—
- (i) any asset is treated (whether by virtue of paragraph (a) or otherwise) as the same as an asset held by a company at a later time, and
- (ii) the first asset would have been a pre-entry asset in relation to that company,
the second asset is also to be treated as a pre-entry asset in relation to that company;
and paragraph (a) applies, in particular, where the second asset is a freehold and the first asset is a leasehold the lessee of which acquires the reversion.
- (5) Subject to sub-paragraph (6) below, where a gain accrues on the disposal of the whole or any part of—
- (a) any asset treated as a single asset but comprising assets only some of which were held at the time mentioned in paragraph (b) of sub-paragraph (1) ... above, or
- (b) an asset which is treated as held at that time by virtue of a provision requiring an asset which was not held at that time to be treated as the same as an asset which was so held,
a pre-entry loss shall be deductible by virtue of paragraph (b) of sub-paragraph (1) ... above from the amount of that gain to the extent only of such proportion of that gain as is attributable to assets held at that time or, as the case may be, represents the gain that would have accrued on the asset so held.
- (6) Where—
- (a) a chargeable gain accrues by virtue of subsection (10) of section 116 on the disposal of a qualifying corporate bond,
- (b) that bond was not held as required by paragraph (b) of sub-paragraph (1) ... above at the time mentioned in that paragraph, and
- (c) the whole or any part of the asset which is the old asset for the purposes of that section was so held,
the question whether that gain is one accruing on the disposal of an asset the whole or any part of which was held by a particular company at that time shall be determined for the purposes of this paragraph as if the bond were deemed to have been so held to the same extent as the old asset.
### Change of a company’s nature
##### 8
- (1) If—
- (a) within any period of three years, a company becomes a member of a group of companies and there is (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade or business which was carried on by that company immediately before it became a member of that group, or
- (b) at any time after the scale of the activities in a trade or business carried on by a company has become small or negligible, and before any considerable revival of the trade or business, that company becomes a member of a group of companies,
the trade or business carried on before that change, or which has become small or negligible, shall be disregarded for the purposes of paragraph 7(1A) above in relation to any time before the company became a member of the group in question.
- (2) In sub-paragraph (1) “*a major change in the nature or conduct of a trade or business*” includes—
- (a) a major change in the type of property dealt in, or services or facilities provided, in the trade or business,
- (b) a major change in customers, markets or outlets of the trade or business, or
- (c) in the case of a company with investment business (within the meaning of section 1218 of CTA 2009), a major change in the nature of the investments held;
and this paragraph applies even if the change is the result of a gradual process which began outside the period of three years mentioned in sub-paragraph (1)(a).
- (3) Where the operation of this paragraph depends on circumstances or events at a time after the company becomes a member of any group of companies (but not more than three years after), an assessment to give effect to this paragraph shall not be out of time if made within six years from that time or the latest such time.
### Identification of “the relevant group" and application of Schedule to every connected group
##### 9
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### Appropriations to stock in trade
##### 10
Where, but for an election under subsection (3) of section 161, there would be deemed to have been a disposal at any time by any company of any asset—
- (a) the amount by which the market value of the asset may be treated as increased in pursuance of that election shall not include the amount of any pre-entry loss that would have accrued on that disposal; and
- (b) this Schedule shall have effect as if the pre-entry loss of the last mentioned amount had accrued to that company at that time.
### Continuity provisions
##### 11
- (1) This paragraph applies where provision has been made by or under any enactment (“*the transfer legislation*”) for the transfer of property, rights and liabilities to any person from—
- (a) a body established by or under any enactment for the purpose, in the exercise of statutory functions, of carrying on any undertaking or industrial or other activity in the public sector or of exercising any other statutory functions;
- (b) a subsidiary of such a body; or
- (c) a company wholly owned by the Crown.
- (2) A loss shall not be a pre-entry loss for the purposes of this Schedule in relation to any company to whom a transfer has been made by or under the transfer legislation if that loss—
- (a) accrued to the person from whom the transfer has been made; and
- (b) falls to be treated, in accordance with any enactment made in relation to transfers by or under that legislation, as a loss accruing to that company.
- (3) For the purposes of this Schedule where a company became a member of the relevant group by virtue of the transfer by or under the transfer legislation of any shares in or other securities of that company or any other company—
- (a) a loss that accrued to that company before it so became a member of that group shall not be a pre-entry loss in relation to that group; ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this paragraph a company shall be regarded as wholly owned by the Crown if it is—
- (a) a company limited by shares in which there are no issued shares held otherwise than by, or by a nominee of, the Treasury, a Minister of the Crown, a Northern Ireland department or another company wholly owned by the Crown; or
- (b) a company limited by guarantee of which no person other than the Treasury, a Minister of the Crown or a Northern Ireland department, or a nominee of the Treasury, a Minister of the Crown or a Northern Ireland department, is a member.
- (5) In this paragraph—
- “*enactment*” includes any provision of any Northern Ireland legislation, within the meaning of section 24 of the Interpretation Act 1978; and
- “*statutory functions*” means functions under any enactment, under any subordinate legislation, within the meaning of the Interpretation Act 1978, or under any statutory rules, within the meaning of the Statutory Rules (Northern Ireland) Order 1979.
### Companies changing groups on certain transfers of shares etc.
##### 12
For the purposes of this Schedule, and without prejudice to paragraph 11 above, where—
- (a) a company which is a member of a group of companies becomes at any time a member of another group of companies as the result of a disposal of shares in or other securities of that company or any other company; and
- (b) that disposal is one on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss would accrue,
this Schedule shall have effect in relation to the losses that accrued to that company before that time and the assets held by that company at that time as if any time when it was a member of the first group were included in the period during which it is treated as having been a member of the second group.
## SCHEDULE 7B
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##### 4
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##### 5
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##### 6
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##### 7
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##### 8
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##### 9
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##### 10
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##### 11
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##### 12
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##### 13
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##### 14
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### Post Office Act 1969 c. 48
## Part I — Valuation
### Preliminary
### Gifts and transactions between connected persons before 20th March 1985
### Valuation of assets before 6th July 1973
### Valuation of assets on 6th April 1965
### References to the London Stock Exchange before 25th March 1973and Exchange Control restrictions before 13th December 1979
### Depreciated valuations referable to deaths before 31st March 1973
### Estate duty
## Part II — Other transitory provisions
### Value-shifting
### Assets acquired on disposal chargeable under Case VII of Schedule D
### Unrelieved Case VII losses
### Devaluation of sterling: securities acquired with borrowed foreign currency
### Devaluation of sterling: foreign insurance funds
### Gilt-edged securities past redemption date
### Qualifying corporate bonds, company reorganisations, share conversions etc.
### Land: allowance for betterment levy
### Non-resident trusts
### Private residences
### Works of art etc.
### Disposal before acquisition
### Estate duty
### Validity of subordinate legislation
### Amendments in other Acts
### Saving for Part III of this Schedule
## Part III — Assets acquired before commencement
## Part IV — Other general savings
## SCHEDULE
## Editorial notes
[^c2138138]: Act partly in force at Royal Assent and otherwise in force or coming into force as mentioned in s.289.
[^c2138139]: Act applied (with modifications) by [S.I. 1992/415](https://www.legislation.gov.uk/uksi/1992/415), [reg. 3](https://www.legislation.gov.uk/uksi/1992/415/regulation/3) (with [regs. 4-7](https://www.legislation.gov.uk/uksi/1992/415/regulation/4)) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 134](https://www.legislation.gov.uk/ukpga/1993/34/section/134), [Sch. 15 para. 4(10)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/15/paragraph/4/10) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [Sch. 16 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/16/paragraph/3/3/b) Act modified (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/2/1), 4(1)
[^c2138141]: S. 3 amended (for the year 1993-1994) by [S.I. 1993/760](https://www.legislation.gov.uk/uksi/1993/760), [art. 2](https://www.legislation.gov.uk/uksi/1993/760/article/2) S. 3 modified (for the year 1993-1994) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 82](https://www.legislation.gov.uk/ukpga/1993/34/section/82)
[^c2335609]: S. 3(7A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138161]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c2138162]: [S.I.1989/2405 (N.I.19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c2138166]: S. 22 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para.17](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/17)
[^c2335591]: S. 30 excluded (retrospective to 5.11.2993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/1)
[^c2138186]: S. 37 extended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138187]: S. 37(1) restricted (16.7.1992, with effect as mentioned in [s. 65(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/6) of the amending Act) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(e)(5)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/e/5)
[^c2138188]: S. 39 extended (27.7.1993 with effect for the years 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138189]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138190]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138191]: S. 41 modified (16.7.1992)) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 6(2)(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/2/5),7
[^c2138192]: S. 60(1) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138193]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138194]: [1914 c. 47](https://www.legislation.gov.uk/ukpga/1914/47).
[^c2138195]: [1985 c. 66](https://www.legislation.gov.uk/ukpga/1985/66).
[^c2138196]: [1925 c. 18](https://www.legislation.gov.uk/ukpga/1925/18).
[^c2138197]: S. 71 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138198]: S. 76(1) excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(e)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/e)
[^c2138200]: S. 99 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/2)
[^c2138202]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138204]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138205]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138206]: [S.I.1986/387](https://www.legislation.gov.uk/uksi/1986/387).
[^c2138207]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138208]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138209]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138211]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138212]: Words in s. 116(11) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/3)
[^c2335593]: S. 117 applied by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4)) S. 117 modified by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5) (as substituted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/6))
[^c2138217]: S. 117(6A) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/1/3)
[^c2138218]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138227]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138228]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c2138229]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138230]: 1958 (7 Eliz. 2) c.6.
[^c2138231]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c2138232]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c2138233]: S. 122 modified (27.7.1992) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/16/2/b)
[^c2138235]: S. 137(5):30.9.1993 appointed for the purposes of s. 137(5) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d) in force at 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138236]: S. 139 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2138237]: S. 139(8): 30.9.1993 appointed for the purposes of s. 139(8) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138241]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138242]: S. 140(6A) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/4)
[^c2138243]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138244]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2335607]: S. 138A inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/1/2) (with [s. 89(3)-(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/3))
[^c2138246]: S. 140A inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138247]: S. 140B inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138248]: S. 140C inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138249]: S. 140D inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138245]: Cross heading inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138251]: S. 144 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 26(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/26/2)
[^c2138253]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138254]: S. 149A inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.104](https://www.legislation.gov.uk/ukpga/1993/34/section/104)
[^c2138255]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138256]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138257]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138258]: S. 151(4) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.85](https://www.legislation.gov.uk/ukpga/1993/34/section/85)
[^c2138259]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138260]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138261]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138264]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138265]: [1968 c.59](https://www.legislation.gov.uk/ukpga/1968/59).
[^c2138266]: Words in s. 155 inserted (27.7.1993 with effect as mentioned in s. 86(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 86(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/86/1/4)
[^c2138267]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138268]: Words in s. 157 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138303]: Words in s. 165 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138313]: [1962 c. 46](https://www.legislation.gov.uk/ukpga/1962/46).
[^c2138314]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138315]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138316]: S. 171 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2335592]: S. 175(2A)-(2C) inserted (retrospectively as respects s. 175(2A), with application in accordance with s. 48(5) of the amending Act as respects s. 175(2B)(2C)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/3) (with [s. 48(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4/5))
[^c2138321]: S. 176 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 18(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/18/2)
[^c2138323]: S. 177: modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/1); modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/3); modified (27.7.1993 with application as mentioned in s. 165(1)) by 1993, s. 169, Sch. 17 paras. 6(2); modified (27.7.1993 with applicaton as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 paras. 6(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/6/3)
[^c2138324]: Words in s. 177(2) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/6)
[^c2138325]: S. 177A inserted (27.7.1993 with application as mentioned in s. 88(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/1)
[^c2138330]: s. 179: 30.9.1993 appointed for the purposes of s. 179 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138331]: S. 179 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/1) S. 179: modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/2); modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 51(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/51/2)
[^c2138333]: Words in s. 179(4) substituted (27.7.1993 with effect as mentioned in s. 89(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/89/1/2)
[^c2335589]: S. 188 repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(a)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/a/10), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1)
[^c2138343]: S. 189: 30.9.1993 appointed for the purposes of s. 189 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138347]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138348]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335601]: S. 196(5)(5A) substituted for s. 196(5) (retrospectively and with effect in accordance with [s. 181(4)(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/3)
[^c2335602]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2335605]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335606]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138350]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138351]: [1980 c. 48](https://www.legislation.gov.uk/ukpga/1980/48).
[^c2138352]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138356]: S. 206 repealed (27.7.1993, the repeal of subsections (2)-(5) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsection (1) having effect for the year 1992-93 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; S. 206 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/7), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138357]: S. 207 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138358]: S. 208 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Sch. 23, Pt. III Table (12) Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138359]: S. 209 repealed (27.7.1993, the repeal of subsections (1)(2)(6) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsections (3)-(5) having effect for the year 1992-3 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; s. 209 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/8/a/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138366]: S. 212 modified (31.7.1992) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [arts. 1](https://www.legislation.gov.uk/uksi/1992/1655/article/1), [21](https://www.legislation.gov.uk/uksi/1992/1655/article/21) S. 212 amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1) S. 212 excluded (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1)
[^c2138368]: S. 212(3)(4)(6) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/b), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138372]: S. 212(8) repealed (27.7.1993 with effect as mentioned in s. 91(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138375]: S. 213(1A) inserted (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1993/37/section/91/4)
[^c2138377]: S. 213(9) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138387]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138389]: S. 217A inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138390]: S. 217B inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138391]: S. 217C inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138388]: Cross heading inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138392]: [1964 c. 56](https://www.legislation.gov.uk/ukpga/1964/56).
[^c2138393]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138394]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138397]: [S.I. 1981/156 (N.I.3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c2138398]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138399]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138400]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138401]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c2138402]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138405]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138406]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138409]: S. 251(6) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/2/3)
[^c2138411]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138416]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138417]: [1986 c. 56](https://www.legislation.gov.uk/ukpga/1986/56).
[^c2138418]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138419]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138420]: [1959 c. 49](https://www.legislation.gov.uk/ukpga/1959/49).
[^c2138423]: [1927 c. 41](https://www.legislation.gov.uk/ukpga/1927/41).
[^c2138424]: Words in s. 271(6)(a) substituted (1.9.1992) by [1992 c. 44](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 Pt. I para. 1(1)(2)(9)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/part/I/paragraph/1/1/2/9); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art.2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c2138425]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c2138426]: S. 272(2)-(4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(5)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/5)
[^c2138429]: S. 273(3) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(6)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/6)
[^c2138430]: [S. 275](https://www.legislation.gov.uk/ukpga/1992/12/section/275) applied (with effect in relation to accounting periods beginning after 31.12.1992 as mentioned in Sch. 19AC) by [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) (as inserted by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1))
[^c2138431]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138432]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138435]: [1972 c. 40](https://www.legislation.gov.uk/ukpga/1972/40).
[^c2138436]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c2138437]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138439]: [1979 c. 14](https://www.legislation.gov.uk/ukpga/1979/14).
[^c2138441]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138443]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c2138444]: [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1).
[^c2138445]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2335611]: Words in Sch. 1 para. 1(1) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138448]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2335613]: Sch. 1 para. 1(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/3), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335615]: Words in Sch. 1 para. 1(3) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335617]: Words in Sch. 1 para. 2(2) substituted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/a), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335619]: Sch. 1 para. 2(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138454]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c2138455]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39).
[^c2138456]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c2138457]: [1972 c. 52](https://www.legislation.gov.uk/ukpga/1972/52).
[^c2138460]: [1964 c. 28 (N.l.)](https://www.legislation.gov.uk/ukpga/1964/28).
[^c2138461]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138462]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138463]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138478]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138479]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138480]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138481]: Words in Sch. 7 para. 7(1) substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138505]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138506]: [S.I. 1979/1573 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c2187166]: Sch. 7A inserted (27.7.1993 with effect as mentioned in [s. 88(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/3) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), c. 88(2), Sch. 8
[^key-cf3960a37886c11eac41b6b156530cf9]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/3)
[^key-c61333fd6bef2428a1168708f4d03a3b]: S. 23(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/1)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-60df4d1ea6f90054bbf1238e4a9ce4c6]: S. 23(5) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-eb33f5c4a96dc4c1eb294b7b21ed758f]: S. 30(5) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/3)
[^key-2db3890b14676204cbc9a451baac73cc]: Ss. 152-160 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/1)
[^key-f1efaf9558efb15b34e5a2a0bbc4366e]: S. 154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/2)
[^key-59daa5af51842809b1546358bc73f643]: S. 152 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-208f22d583c64b85c2f5c44d6e4c1ef4]: S. 153 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-3d98161715f5f76998c5943ed43630d9]: Ss. 152-154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/4)
[^key-456db7ce00bb06452a5b3d99523f43eb]: S. 154 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/5)
[^key-7aa435f07d01f3164515a8888ea0409e]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/3)
[^key-c8f23c9c36bb3326d444a4c51a865727]: S. 17 excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/4)
[^key-4b2bccbe08f5aa653392285b2967c9ec]: S. 179 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/1)
[^key-d8fc574574bef5fbeeb1549d9da82dc7]: S. 179 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/5)
[^key-6939f2d384c1e68e1fe712d29ae19730]: S. 253(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-0d0e4bf7282d211ce1d6d7f12a4b686b]: Ss. 253, 254 modified (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/3)[(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/4)
[^key-e336f5453d5ba472fa12a81317b61471]: Ss. 253, 254 restricted (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-be23ec6e8a40d242ec58d148bc35fbd5]: S. 253(7)(8) excluded (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/9)
[^key-7054dcc326a0157665ac48b10f49fc06]: Sch. 2 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/10)
[^key-7073ffe27329b5647d7ae56490e2bfed]: S. 17 excluded (with saving) (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/2)
[^key-9cef632edc9c184995a2d6424c779783]: S. 272 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 18(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/5)
[^key-e3f8c8e3533fa37631b2dbff7aa6c506]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 25(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/3)
[^M_C_96955af4-9b31-4366-f2b7-240fbf3ed810]: Act modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 24 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/1), [9(1)(6)-(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/1), [11(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/4)
[^key-d0c7a8a12a0278cdf9f2f106bb7cf3c6]: Act applied (with effect in accordance with reg. 1(1) of the amending S.I.) by [The Lloyds Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg. 3(1)](https://www.legislation.gov.uk/uksi/1994/728/regulation/3/1) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/1994/728/regulation/1/2))
[^key-2c7045f26212cb6d717b5daf4c09f8ae]: S. 3(2) sum amended (for the year 1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 90](https://www.legislation.gov.uk/ukpga/1994/9/section/90)
[^key-fbc4c518f8e2c5d5ba1c636e944b1112]: S. 170 extended (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 148(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/148/9)
[^key-757ac07b390641136fbbde96d2d5e897]: Act modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/c) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-4f420e2c44a26cac88e83837398c3dd0]: S. 38 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(4)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/4/d) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-5d58737b196aa24c84d95bb045c1863a]: S. 179 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 250(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/250/2)
[^key-69ec660cb043256081cd900c7fac3982]: Act applied (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/1/2)
[^key-229281ef497d10e4b1591aef4ed78bad]: Ss. 152-156 modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/3/2)
[^key-857f99c02887bb038065f8c49c3ecc04]: Words in s. 53(1) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/1) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-28cb3f6f41c1db4ae3653534f7c69fda]: Words in s. 53(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-11ece275e98ce5c9e2c498259640e853]: S. 53(2)(a) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-6a958a5db2f0b99370435ca2ef75b1ce]: Word in s. 53(2)(b) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/c) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-180fa7c6b1565490349c9bf71f27eb5a]: S. 53(2A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/3) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-db99610de5f0182bc7235052bce81f22]: S. 55(7)-(11) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/4) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-15d4e0ca84439966d33363fe31378acd]: Words in s. 56(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-178cf8da990227f6e5cf0775924f2643]: S. 56(3)(4) added (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-4393b0e465783dda323655f773463eef]: Words in s. 56(1)(a) repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8)
[^key-bf7ac8c3abde15f14bcf2992586328ff]: S. 103 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-9265233fdfa02d7d8d84c2926a69ad6f]: S. 110(6A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/6) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-837a65d4ee909f563857dae660302d4b]: S. 111 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-76c7e1a83db6bb8331af30779dc05c5d]: Ss. 182-184 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-d793bfa0d55ce82afe2a11e7d7aeb400]: S. 139(3) repealed (with effect in accordance with s. 251(1)(a)(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/5), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-d1d23d39d5a250d477943d8f79f62c7f]: S. 143(4) repealed (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1), [Sch. 26 Pt. V(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/9)
[^key-3b194ac28705cc1374d495dfd49013ab]: S. 143(6)(7)(8) substituted for s. 143(6) (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1)
[^key-067dc34a78dd482794d79b1d10666b9e]: Words in s. 150(1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/29)
[^key-3de530cd07a5315005db86ba21fb9718]: S. 150A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 30](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/30)
[^key-4ee83211c251f9338e2d6ad25f1e60d0]: S. 160 repealed (with effect in accordance with s. 251(1)(a)(6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/6), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-1ca81e0ab084e135cffc4d55b14bea58]: Words in s. 166(2) repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-b6f0e05aab31485c07b08ae9094410b7]: S. 171(2)(e) and preceding word repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-5349fcb8ba88f4e9bd216e7a16a5f101]: Words in s. 175(2) repealed (with effect in accordance with s. 251(1)(a)(8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/8), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-bc97864159ac13ecd1d39f6141a7529e]: S. 186 repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-c949e611fe9893ba34c4f395fec830bf]: Words in s. 187(1)(a) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-054ae46ecafe82cfeb84a2c848bcf5e5]: Words in s. 187(6) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-71b3e564af45e537a392174021e46116]: S. 200 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-487e2861468f71df323ceef2698d40d8]: Words in s. 231(1)(d) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 34](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/34), [Sch. 26 Pt. V(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/17)
[^key-f8c5e239a54d4d2ca753c7b35fe31bbf]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/a)
[^key-53041365a116f588ec51833f362ef3f8]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/b)
[^key-b2d6084d855c45234f8283b19c8911f1]: S. 283(2) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/2)
[^key-fd4f11f9bd71223edbd75fd936a64857]: S. 283(5) repealed (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/4), [Sch. 26 Pt. V(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/23)
[^key-4bf05aa02598b09de90242323021528f]: Sch. 5 paras. 11-14 repealed (with effect in accordance with s. 97(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/4), [Sch. 26 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/10)
[^key-c016efa26c03f3282461cd0a4fea3187]: Sch. 5A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/3)
[^key-84a6a7023846124085f3a78105ab69dc]: S. 98A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/2)
[^key-6460033ea01950bb9ebb01b6802ceb1c]: S. 144A inserted (with effect in accordance with s. 96(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/96/1)
[^key-ac299e846edf905519fc22a6186e46f7]: Sch. 10 para. 6 repealed (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 15](https://www.legislation.gov.uk/ukpga/1994/23/schedule/15)
[^key-fbbf371f33c5cf60008c6450a3a9669e]: S. 28 extended (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/2/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-da611ec651221538503606c308794eaa]: S. 23(4) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-fb2c4dc118e30e302a32a132c2a27c76]: S. 23(5) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-00ccf18768590d96599daf3014df0b2e]: S. 30 excluded (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-61ccfe1dfb765027d9f74253c0aa1313]: S. 144 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/1) (with [Sch. 4 paras. 6(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/4), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-ad6c26e719f79631edeaaf935fc390c2]: S. 152 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/1/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e124cf3266fbf45c23252746d09a7569]: S. 152 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f46d0cc1100767ef46be299c27dec443]: S. 153 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-65946e4a17f03793024442b45ea89dbf]: S. 154 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/b) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-1d0628e94b300a68a3583d6cd2743288]: S. 152 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-60e7388c79d375a8b0b937b16dbab59e]: S. 153 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-23cb74aef3278ad84edca5101b1dadac]: S. 154 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-035004ca1191a3421daf427e42a3ee78]: S. 158 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6deea884207668d2e89e9b284a9fa0f9]: S. 179 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/1) (with [Sch. 4 paras. 8(3), 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-bcf51fc79e0bf42ae98e009cd88006a8]: S. 179 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-d77adea915de9354e482c2e43935ac03]: Ss. 253, 254 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3) (with [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-b9904791acd9dbf2aee3b70740dde3ca]: S. 253(9) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e58412ba79d6e9e4348eaaaedea6b829]: S. 253(10) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9795a12f56a8a435bca48175ea83d372]: S. 253(13) applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f62f55db6b767097785ccc08c7331e12]: Sch. 2 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/10) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6a24c8a006139497b138a96eb46ff425]: S. 174 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-c594abbde38d22bdc3a9bbb7702520ad]: S. 41 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/5)[(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9d3560035abce81fa37a087d8568d9a3]: S. 28 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(9)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/9) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^M_C_25434e55-8414-4bd5-f8e6-e682382849c1]: Act modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), Sch. 4 paras. 2(1), 9(1) (with Sch. 4 para. 14); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^key-85524c47c2d2d17be2093d934fbbf9cf]: S. 275(h) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1)[(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^key-af3878dd7ed7fc023dc0a16aeda83487]: Act modified (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/3)
[^key-a92640b3656bcd543a6e1f46a428f2f4]: Act extended (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 18(3)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/3)
[^key-2dc12ae6c54873feb63d04f5810647ef]: S. 17(1) excluded (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [18(4)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/4)
[^key-265d21be27a528417a84eba8e02a4011]: S. 170(7)(8) applied (with modifications) (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [19(12)](https://www.legislation.gov.uk/nisi/1994/2809/article/19/12)
[^key-f4025b1c73b7911132d154096de1fd6b]: Act applied (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 20(7)](https://www.legislation.gov.uk/nisi/1994/2809/article/20/7)
[^key-047fe88bb5f5c731a213d0fa1eef7a46]: S. 211(1) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-e0693fe2f1a0f26491be1224c1438b76]: S. 213(5) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-ac6113564e95672d94b047db16be19bf]: S. 176(1) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [9(6)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/9/6)
[^key-ef0aa101d2d4f0bbfc87965ee01a864a]: S. 176(2) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [14(4)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/14/4)
[^key-3536fb0407db74d7bcc79be107f855ab]: S. 170 applied (23.3.1995) by [The Exchange Gains and Losses (Deferral of Gains and Losses) Regulations 1994 (S.I. 1994/3228)](https://www.legislation.gov.uk/uksi/1994/3228), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/1/2), [4(1)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/4/1)
[^key-1e2d141295365399f48be3a0e7ab275e]: S. 175(2A)(c) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4)
[^key-bbf96f0fdc2ca904148692d595977340]: S. 272 applied by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 591C-591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1))
[^key-eb763497b8d228e12282910a1fd5eba9]: Act applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para 8(5) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-28084fe61e3adbe0e0e88c39e6ea634a]: Act modified by Income and Corporation Taxes Act 1988 (c. 1), s. 737C(11A) (as inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3))
[^key-aa04edf941ccb3237c9000e2c33bd0f3]: S. 170(7) modified by 1988 c. 1, s. 209(8E) (as inserted (with effect in accordance with s. 87(7)(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3))
[^key-185ae42dfc9058d2ac217e3039d9b94b]: Act modified (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/2)
[^key-79abbf6d2ae133d25e01a284dc30192a]: Act modified (with effect in accordance with s. 126(9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 126](https://www.legislation.gov.uk/ukpga/1995/4/section/126), [Sch. 23 para. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/23/paragraph/1/1)
[^key-0098551f03c3a04d686e7a8819020506]: S. 139 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-e956f28aab42623e184144ff777e9804]: S. 140A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-8079ebb236182b58bdca734980bd13cb]: Ss. 171, 172 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-c85802a4cf31a845d7af9d7499dbe334]: Ss. 215, 216 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-eb3800f995fc0be9c5e2449480baf077]: S. 217A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-da345bc6b1bd166b1d109c41faac443a]: S. 241(3) modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/36)
[^key-c51b12f9310ba37b2df738e8a5eebbde]: Sch. 8 modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/37)
[^key-d2791e25a1476282c070c3c23ae35c5c]: Sch. 7A para. 8(1) applied by 1988 c. 1, Sch. 28A para. 13 (as inserted (with effect in accordance with Sch. 26 para. 5 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/3))
[^key-f5d2f7407321773d3fe07aa4a1c8012b]: S. 7 repealed (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/12), [Sch. 29 Pt. VIII(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/14)
[^key-316573c968f6bc003852e6cc33e3df07]: S. 16(2A) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/1)
[^key-f150a9d8da98f92e587a6be6f42ee98d]: S. 59(c) and preceding word repealed (with effect in accordance with Sch. 29 Pt. VIII(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-d62f14798f6f1948ed4650d36b16058f]: S. 65(1) substituted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/1)
[^key-76b4e8d202597343238ebf42b5e591cd]: S. 65(3)(4) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/2)
[^key-875c574708c2461dad93bbc968fd039a]: Words in s. 100(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/2)
[^key-0eb1cc1f7cc29e5d49508a84818a68bb]: Ss. 151A, 151B inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3)
[^key-568a0297967ffbe708957a63546532cd]: S. 150(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 69](https://www.legislation.gov.uk/ukpga/1995/4/section/69)
[^key-a6718d05f5a58420d5cfad090eddde76]: S. 150A(2A) inserted (with application in accordance with Sch. 13 para. 2(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/2)
[^key-94df9ae023568d7d54374affe7ff8662]: Ss. 150A(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/4)
[^key-bd1a66990c21b225fab4c82bef2ef692]: S. 150B inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/3)
[^key-06fcb597847471a84ae2af39bc18e04d]: S. 150C inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/1)
[^key-a107d16142a124fbbb6cf19c5c89fc02]: Sch. 5B inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3)
[^key-df23025d0f35232eccc277345f8d7a47]: Words in s. 175(1) repealed (with effect in accordance with Sch. 29 Pt. VIII(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII)
[^key-81a866e420336faae0e7e58403fac23f]: S. 179(2A)(2B) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/1)
[^key-27d6668b67494b0b2ea6f97276fa01f2]: S. 179(9A) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/2)
[^key-a97b5230c1444d8c1a22fe32c6b22ab3]: S. 213(5A) inserted (with effect in accordance with s. 53(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/4)
[^key-14ae25d80e05c7e9de22aed629d62f2a]: S. 247(5A) inserted (with application in accordance with s. 48(6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/2)
[^key-ed257d05c59cb55406650cd93b0b2856]: Words in s. 257(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/5)
[^key-6bc0955481c9b4320adfe8aa30def0da]: S. 286(3)(3A) substituted for s. 286(3) (with effect in accordance with s. 74(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/31)
[^key-bc63a2b2310c9a78514afbc86551fd2b]: Words in s. 288(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/7)
[^key-363476a14943eed8b50e80d965a2f9ad]: Word in Sch. 10 para. 2(2) repealed (with effect in accordance with Sch. 29 Pt. 8(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-8ccbcafa4f44715ff660e2c000c8a832]: S. 263A inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4)
[^key-1edcdf3ea0363b9fcf625e7df5ce868c]: S. 151A(4)(5) applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para. 8(6)(c) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-1ab18e03f3d27d786356321c6caa9b61]: S. 171(1) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/1)
[^key-ff0e6cf35b1c5f899f842fc5ed56d0fb]: S. 21(2) applied (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/2)
[^key-817a6ec94b240c1d1bd20e48d8d012dd]: S. 179 modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/1)[(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/2) (with [Sch. 3 para. 5(4)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/4))
[^key-9cbed6e98536fecb7682403b28a4996b]: S. 253(4) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/6/2)
[^key-bcf3cdc2ffeeeab5824dd3d3cb7c5409]: S. 272 applied (E.W.S.) (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 17(1)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1), [18(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2), [Sch. 5 para. 10(2)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/2)
[^key-449054e447ef9de052cff15651301f04]: S. 3(2) sum amended (for the year 1996-97) by [The Capital Gains Tax (Annual Exempt Amount) Order 1995 (S.I. 1995/3033)](https://www.legislation.gov.uk/uksi/1995/3033), [art. 2](https://www.legislation.gov.uk/uksi/1995/3033/article/2)
[^key-adf3421c7b33d5bb4bf40785305a45e8]: Act modified (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-cac6648388748a7b5529e79af697e7d3]: S. 132 applied (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-3d4cfbe08d178fb790642711de0ca355]: S. 263A(1) applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^key-67be92e8ce6c94a7220d895a537b2afd]: S. 263A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^key-ad2d4c2dd6e60535ec55ff27099fd7be]: Act extended (with modifications) and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(4)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-379b67094cdb36450744d396d70caf20]: Act extended and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93(4)-(13)](https://www.legislation.gov.uk/ukpga/1996/8/section/93/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-b25d3c83f3741a46a8c3ccf7c850a4d9]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/3)
[^key-0d97dd8924d455545c191f969b20b82b]: Act modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/4)
[^key-e140fda3b0e9c5a3b1b0c33ce62d19eb]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 paras. 13(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/13/6), [15(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/15/1)
[^key-9f496936595bf3edb1ebaa3c17101b37]: S. 176 applied (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/9)
[^key-bb484246c7351f1989b259e89c727b04]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 paras. 8(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/11), [22(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/22/4), [26(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/26/2)
[^key-3e8563fcf3e616ddc4f63bcea377ace5]: S. 212 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-8477b0996ad3bca72db581a8e06d25f6]: S. 213 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-1ce2c7478e4895207ee3330b9809983d]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/30/2)
[^key-6643a435dc8aae0cda0a979122493390]: S. 170 applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11/5)
[^key-fb6749e2d735c5a5e60930cf17e22f74]: Words in s. 13(2) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/2)
[^key-af7fca1162177e702b6a7af0da46bf07]: S. 13(3)(4) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/3)
[^key-7967e70e20477d6cd12c3991927200e3]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/a)
[^key-1da12f2f668af97c0f6490a0a92a186b]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/b)
[^key-d59760aa83c648612016990a999217c1]: S. 13(7A) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/6)
[^key-11c3adc20a2c860a621c88cb5b994487]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/a)
[^key-9ddb040d9a48b38f09bc74bf2e972ea5]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/b)
[^key-79bffa8080cdcc01d20e3f9a05906c2c]: Words in s. 13(10) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/8)
[^key-c32631451eb950c1367143373a20e1b6]: S. 13(12)-(15) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/9)
[^key-c74d78a5e9fa267d1adb73b09656f6fb]: S. 13(5)(a) repealed (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/4), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-a4a15a2a1eaffca93f210c39b30c5fae]: S. 13(6) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-8da3ef8b6025d803d6c18f0643d5c831]: S. 23(6)(7)(8) substituted for s. 23(6) (with effect in accordance with Sch. 39 para. 3(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/3/2)
[^key-83f81006fb33fd9ed93972a6f121b761]: S. 24(2) substituted (with effect in accordance with Sch. 39 para. 4(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/4/1)
[^key-488fe5085b87ceb59f215589a3270a85]: Words in s. 30(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/46)
[^key-cbc48759440f774289d8dd131718db34]: Word in s. 30(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-ec07292e6f22b241d7b2545bda380840]: Word in s. 30(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-f81a1222549813159fe292ee0749408d]: Words in s. 35(6) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/a)
[^key-6f4703969aabbea209952a05b68cffe2]: S. 35(6)(a)(aa)(b) substituted for s. 35(6)(a)(b) (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/b)
[^key-55ab65e476126c9f33df84e0e1beaaf4]: Words in s. 48 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 48](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/48)
[^key-a72c8ab617058d644ee5f889e44a6839]: S. 49(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/49)
[^key-9ee952b021569fb2f410a7f644ac0a2d]: Words in s. 52(4) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/50), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-7a37f42af1e247d673a4cbcff392f59e]: Word in s. 72(1) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-85b8f571bf32526617f6f27674dcb278]: Word in s. 72(2) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-5864def90635ac5528d4ca78d9ede28e]: Word in s. 72(5) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-b150a0f3d9659a1cbfb792691497a37a]: Word in s. 72(5) repealed (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-bca45aa33916811bb82c560fdefea60e]: S. 72(3)(4) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/3)
[^key-e368f84ae78d613c253a61af8c5b924e]: Words in s. 73(1) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/2)
[^key-f0a191fbbfa7ab9c1f120f66a8b92081]: Word in s. 73(2) repealed (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/3), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-b8d6983c13ea4c86be378b86ea190279]: Words in s. 73(3) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/4)
[^key-0a5db2e303045bac23a80052233d416e]: S. 75 repealed (with effect in accordance with Sch. 39 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-264bb1e81b6883470c83b38b045afca0]: S. 101(1A) inserted (29.4.1996 with effect as specified in s. 140(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/140/1)
[^key-cf3742e8f5dc2223e15972ffa01150da]: S. 108(1)(aa) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 59](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/59) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-dfeb14f650fc3da6a0127259fd1ead33]: S. 108(1)(b) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^M_F_e705a48d-5f69-45e5-d32f-862bd3a20f32]: Words in s. 122(2) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^M_F_69ff9efc-c86b-44a8-a2a4-d95b41ec91ca]: S. 122(3) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-8117f8a2cbee713f8ee83e9c16795392]: S. 116(4A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-e46abdda7e4526e79e58f3e115e23989]: S. 116(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0238d9768c29c9448b2a386aaf0ec0cc]: S. 116(16) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-09f80887a584892ca7f68c192ea2c305]: Words in s. 116(13) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 51](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/51), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-51332cda45ee1e0f390a0348d5f4ebff]: S. 117(A1) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4445705877d6dfda689b55b745095f64]: S. 117(2AA) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-6208ef85e5b3a11569d5184755450339]: S. 117(6B)(6C) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4160cdf335d1d8bf0be150e679f1ba25]: S. 117(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-5a8b939b5c446a0f06a33e567e5ce151]: S. 117(2A) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-82fe9b7c661a6cf35a9c6338c10d0acb]: S. 117(3) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-3bdd901e3a3a4a160381e809c3fc8bac]: S. 117(9)(10) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-67d88c761f083cd045020fc1ea797452]: S. 118 repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-63318c45ad16f4d3c730b30f3aa1c34b]: Words in s. 122(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/3)
[^key-adb557a04aabbc33b6bd08fc8fe80a02]: Words in s. 133(2) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-3aecb868d29ff5185c31fc4997acd039]: S. 133(3) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-10d9c7a43407a376d991e83d6eca5d1f]: Words in s. 133(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/3)
[^key-f8fd198cb5c6c2443349a65ac0c1f550]: Word in s. 144(8)(b) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/a)
[^key-73aec83a5cd277ad985d9a8c273f7037]: Words in s. 146(4)(b) substituted (with effect in accordance with Sch. 38 para. 11(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 11(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/11/1)
[^key-7d71e546784005ac22db77156d61727a]: Words in s. 149A(2) substituted (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/3)
[^key-ac22a06b50565f182c650791ac88402d]: S. 149A(4) repealed (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/4), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-34dc2757e1b3de8fa524a12071174225]: Words in s. 150(10)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-7879b35119bd2c51f7813d4390199570]: Words in s. 150A(9)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-654682e194839ea6764022de0e5c7201]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/a)
[^key-134dc608eb8386cfa945c4b61c17119b]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/b)
[^key-cb32f76dc6ba7775a1e677caf3f9ae10]: S. 153A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/2)
[^key-47ce28bb77bb46fdf483af11988de1ea]: S. 161(3A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/36)
[^key-131976c1455bcf82a2549024e5cdc662]: Words in s. 175(2A) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-74afc1a6cf4065ad71ca3369665570b0]: Words in s. 175(2B) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-44a5292abb3d837261b5220968048d11]: Words in s. 175(2C) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/b)
[^key-70a152bf40380f7b2375eb0f4b5ce21c]: Words in s. 176(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-884e9a5cc8aef91d52991704aa79e69d]: Words in s. 176(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-abbd11b886c535d6a2044b294cfd4302]: Words in s. 176(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/2)
[^key-950412d3a25537a9f7b3f07f8a138b05]: Words in s. 181(1)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 58](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/58), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-eb9b4e638bb252cc5361fcac5bb2ece6]: Words in s. 196(1) substituted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/1)
[^key-fbe683d120a08cf1bc775a55b3cfaee6]: S. 196(1A) inserted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^M_F_f099939c-4484-4c4e-e1a0-010fb3d5e977]: Words in s. 196(2) substituted (with effect in accordance with [s. 181(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^key-45708dab96a777ce3a17035bf95d905e]: S. 222(3) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/2)
[^key-f2abf8e889368e356b1b4596efdea4ca]: S. 222(5)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/a), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-410839c2b4bc890a2b3ce4a1064788bb]: Words in s. 222(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/b), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-a83e44e9a65ecff88b33a66b43c3fc03]: S. 222(6)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-88e2d63501e0c65c75fedd92b517d00b]: Word in s. 222(6) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-e7ea46afb356917bfc5e5a016b225da8]: Words in s. 224(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 60](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/60)
[^key-cf7ec32bd86eb0f5f0d95994990aef4a]: S. 226(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 61](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/61), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-da2d71b200be2747d98d70677fb7d953]: S. 238(4) repealed (with effect in accordance with [s. 112(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-321ce3c781e9a3576b68bea2b05bade6]: Word in s. 241(7) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/62)
[^key-4a71e5ac5d8082f4d84a89eaa0e2674f]: S. 242(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/37)
[^key-6047903028ae3674eb316bafa63e0212]: S. 243(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 38](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/38)
[^key-b87178ef6ec395c8d44d3494d97d7720]: S. 244(3) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/39)
[^key-3a098e1420107172c0a5cd6362e3bcf5]: Words in s. 246 repealed (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/4), [Sch. 41 Pt. V(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/6)
[^key-b043c844d540dabc803041c35cbd8cf4]: Words in s. 247(5)(b) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/5)
[^key-e7ad3b4c4354b638ea16a0b6c49090fd]: S. 247A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/6)
[^key-28231c04197e8a94586c8cb644346ead]: S. 251(7)(8) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/64) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0d3055bb4916225532cbc0f2dce4d9e6]: Words in s. 253(3) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/65) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0e90a3bc2f3c6ab007a5bfee2a160f4f]: S. 253(4A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/40)
[^key-b852007d7d20f950c5a87b8e08b0c9d9]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/a)
[^key-67f37b8aac0e69364885b7476ff822ff]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/b)
[^key-1e311fd43a8bffecbc1c8a620d689325]: S. 253(3A) inserted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/3)
[^key-57b6996f44fdb39d622baaf783c5f17f]: Words in s. 253(4) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/4)
[^key-8a34d451565998448a95265288a1452d]: Word in s. 276(2)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-a910ae81df7c6f3bc7f29c559ae9999b]: Word in s. 276(6) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-27e768c2e8037c3f0d27934610b7d622]: S. 279(5) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/41)
[^key-8824bdafb7f54ea909c9bb23ee519095]: S. 279(1)(b)(c) substituted for s. 279(1)(b) (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/64)
[^key-96f22bd6efdb7fa5f5923b590350ab24]: Words in s. 280 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/65)
[^key-d72e5286e2356534ae642de09e81c5cc]: Word in s. 281(3)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/e)
[^key-3dc0e6817744d137e56d15f8aa901435]: S. 281(5)(a) substituted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/2)
[^key-bbdbb11c80ce0bcd0699d8e89aa78b7f]: Words in s. 281(6) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/3)
[^key-8210b746d546790ac4b57cc45600bd3f]: Words in s. 281(7) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/4)
[^key-ab7abbbeec14bc74557556f802c99437]: S. 288(4) repealed (with effect in accordance with Sch. 41 Pt. VIII(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/3)
[^key-2c7941abd9e7f72eba40a532b875eee6]: Words in Sch. 2 para. 4(11) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/2)
[^key-7fc53d9bf5ad30dd6e8872c05bf95021]: Words in Sch. 2 para. 17(3) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/3)
[^key-0953e051c943f700039c702a72379126]: Words in Sch. 4 para. 9(1)(b) repealed (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 43(a)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/43/a/ii), [Sch. 41 Pt. V(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/11)
[^key-64822ee7a137518af6bb9a3cf11b58c8]: Words in Sch. 5 para. 1(3)(a) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/a)
[^key-fe72e5e39560e354146bd7b945ae9b96]: Words in Sch. 5 para. 1(3)(b) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/b)
[^key-94e1b39f68bc98740284a15738ba7b32]: Words in Sch. 5 para. 1(3) added (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/c)
[^key-bb608531cf9012ce903a682a4dbc6ae7]: Sch. 5 para. 8(10) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-51a83773a672f75b2c16839a4e0b0831]: Words in Sch. 8 para. 3(2) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/2)
[^key-7975383cdb2a5206c35c1c21808dfc81]: Words in Sch. 8 para. 3(3) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/3)
[^key-a155efee9160c829423f220f55cc5f08]: Sch. 8 para. 3(4)(5) substituted for Sch. 8 para. 3(4)-(6) (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/4)
[^key-a4b672eac45f082f9ec786de1a9c662c]: Words in Sch. 8 para. 10(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 67](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/67)
[^key-8ff0c9eb554f6deb9f28dee5217f7c51]: Sch. 9 para. 1A inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/8)
[^key-53900688d4804d74a2924fa0389fe8ed]: Sch. 10 para. 14(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-10c45ae2339c8a2b4abc359020ab8b85]: Sch. 10 para. 14(29) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-cab1bd2981ca9323ee96983a37c14ec4]: Sch. 10 para. 14(57) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-274040fac8fc9577f91dd783053f0be3]: Sch. 10 para. 19(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-d2af9df92f6d53e27aca04a035d7326a]: Sch. 10 para. 22(4) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-39f20c9a2d8c938665a87d805de2cea9]: Word in Sch. 11 para. 7(1)(a) substituted (with effect in accordance with Sch. 38 para. 12(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/12/2)
[^key-eabfa5db8829270e684146e970001f87]: S. 237A inserted (with effect in accordance with s. 112(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/1)
[^key-a3e0eaf523ad5197cad247df2998be00]: S. 171(1) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/2/2) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-3f5cc9c9882028d18e817dc31c07638a]: Sch. 2 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/5) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-8bdc39bdac9b96e454783349019bf3d6]: S. 179 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/6) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-f803d2ac1a5677655c2902d0bdfc6765]: Ss. 127-131 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/a) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-d42cb87d52ac191a8f14b80e75388082]: S. 116 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/b) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-9b3ddcfbaa783a692b5c45b4423e4413]: S. 30 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1)
[^key-0f15f7d65a50e5815451bf49ea6d5443]: S. 30(5) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/3)
[^key-b2f18aac5e3bbb2b3880b119d1654e5d]: S. 23(4)(5) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/3) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-82560af1f75e63558ace0c1d2a55ce27]: S. 219 substituted (1.10.1996) by [The Housing Act 1996 (Consequential Provisions) Order 1996 (S.I. 1996/2325)](https://www.legislation.gov.uk/uksi/1996/2325), [art. 1(2)](https://www.legislation.gov.uk/uksi/1996/2325/article/1/2), [Sch. 2 para. 20(2)](https://www.legislation.gov.uk/uksi/1996/2325/schedule/2/paragraph/20/2)
[^key-b03a22fcf06d05c38162e04651505dbf]: S. 3(2) sum amended (for the year 1997-98) by [The Capital Gains Tax (Annual Exempt Amount) Order 1996 (S.I. 1996/2957)](https://www.legislation.gov.uk/uksi/1996/2957), [art. 2](https://www.legislation.gov.uk/uksi/1996/2957/article/2)
[^key-f08767d1b3623c295ae3b70e40232eb8]: Act modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-ba102739912fdac2e405d7b442fd9c9f]: S. 37 excluded (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3)[(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/4), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-eb4c470f1bb5e4a1d00f594650d043af]: Words in s. 116(2) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/4)
[^key-08d4c9060b7dc650d58ca69f9c11bedc]: Words in s. 132(3)(a) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/a)
[^key-20c6be0c7939196e751b6c08e58a21d9]: S. 132(3)(ia)(ib) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/b)
[^key-91cf669111b35467695316553cb9cb39]: S. 132(4)(5) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/3)
[^key-5098e93cdd617b800fb8d37b1fbcb222]: Words in s. 251(6) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/5)
[^key-664c9c0b31e845fe8c84f129699189c4]: S. 271(9) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/2), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-4d4c884cf99b808b26432c537cc69a0f]: Ss. 263B, 263C inserted (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-9735a95c7c30443768e2053b808fb857]: Words in s. 283(2) substituted (with effect in accordance with s. 92(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/5)
[^key-906bea789a877c8b838b60d121bbfcca]: Sch. 10 para. 14(8) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-66107416e029071699b9827a7a22b8d0]: Sch. 10 para. 14(39) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-f4668620d82d309eec6f40b4bcd707c1]: Sch. 10 para. 14(61) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-8b56dd37c73f85c4b30678732d7a145a]: S. 272 applied by Building Societies Act 1986 (c. 53), s. 102C(3) (as inserted (with effect in accordance with s. 2(2) of the amending Act) by [Building Societies (Distributions) Act 1997 (c. 41)](https://www.legislation.gov.uk/ukpga/1997/41), [s. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/1/1))
[^key-e26f2e078cbc76579aa9daa028f3e382]: S. 99(2)(c) added (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)
[^key-cec938f4faf0a0e09eb61ada58d887fe]: S. 272(5AA)(5AB) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [22(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/22/b)
[^key-b816c7c9b643f251909a2628fcc34d4a]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(a)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/a)
[^key-b4bd0967d01a62c88cd2d5a563af19e0]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/b)
[^key-5ebd611491b3218e254d4fa58429490e]: S. 3(2) sum amended (for the year 1998-99) by [The Capital Gains Tax (Annual Exempt Amount) Order 1998 (S.I. 1998/757)](https://www.legislation.gov.uk/uksi/1998/757), [art. 2](https://www.legislation.gov.uk/uksi/1998/757/article/2)
[^key-b83eda6c2dcd32ee70868720a1184263]: S. 151 extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(7)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/7/b)
[^key-10f027456dfd7b9a777468a7c812ba00]: S. 104(1) restricted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/8/c)
[^key-cf37623b551ba3d892b0b7507d4f3a92]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/5)
[^key-e60eabb2815b7d7e9cd6e52a44508caa]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/4/1)
[^key-5c30ea87fa8f02636763506e5ebacb30]: Sch. 5 para. 8 applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/6)
[^key-688b840e4490cddabe9465b9ce2e6577]: S. 3(5)(5A)(5B)(5C) substituted for s. 3(5) (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/3)
[^key-f6fe080dff0b0df6826f650bd30d3097]: S. 5 repealed (with effect in accordance with s. 120(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(29)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/29)
[^key-4294e0f8b20a4f9d83e9c05abc62490a]: S. 13(11A) inserted (with effect in accordance with s. 122(6)(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 122(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/122/4)
[^key-86438b51ee3bc7b9bf578e8a5e0cc591]: Word in s. 39(1)(2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-306c93810e859f38eace602fdb011024]: Word in s. 41(4)(5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-696ede83f30354a43a44f707df22df48]: S. 62(2A)(2B) inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/5)
[^key-6301ede26ff52f4784ebc0ea559ce41d]: Words in s. 76(1) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/a)
[^key-310e9f702c48c5084463062ab2c288dc]: S. 76(1A)(1B) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/b)[(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/2)
[^key-f1b8513cd8c0fd3d29dc0b5e2a634c83]: S. 76(3) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/c)[(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/3)
[^M_C_633fd138-95d0-4e3b-8045-dadbce6f507f]: S. 86 modified (with effect in accordance with Sch. 23 paras. 1(1), 2(1)(5)(6), 3(1)(4)(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 paras. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/1/2/3), [2(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/2/2), [3(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/3/2/3)
[^key-0e9392a41b53e90e5e0c3449ebf4f226]: Word in s. 88(1)(a) inserted (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/a)
[^key-45afe211c1ddff5ffee875265d049cee]: S. 88(1)(c) and preceding word repealed (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/b), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-cbba2c4a77b1cfb48dd9193d7c50a534]: S. 214C and cross-heading inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/7)
[^key-a141d3556167f8398d2182dbf049855b]: S. 96(9A)(9B) inserted (with effect in accordance with s. 127(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 127(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/3)
[^key-6016b4a0117664af4376644783b9a5ac]: Words in s. 97(1)-(5) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-c0de53c5e1f6d6a7132affdb7f5c3e51]: Words in s. 97(7)(8) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-0a6c99907e785529597f2324a1dd5f0f]: S. 101(1B) inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/3)
[^key-71b7283be4cf9400c10deb7a84736406]: S. 101B inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/2)
[^key-8e167f5c1f0026dc980511c036b872d1]: S. 101A inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/1)
[^key-4b2e157debafe842187ad51d7dea2a1e]: Words in s. 104(3) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/3)
[^key-d8caf87165bd547e5f5ffdff1a9948d2]: S. 104(4) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/4)
[^key-229c2e7eaa703203d820938d2b9e3b0c]: Words in s. 104(6) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-c34ec802dc7847817ef916696fa36709]: Words in s. 105(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-a4c02851654be37becd39c7fa6d60f50]: S. 105(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-58e7f2aa102c1f8acdacfb167c4704e0]: S. 107(1)(1A)(2) substituted for s. 107(1)(2) (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/3)
[^key-5e7759f21313b48fb0588d083e73fbca]: Words in s. 107 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-3b7029b9493ac37a108caa1f87ec1ca0]: S. 108(A1) inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/4)
[^key-7ff0f2a811892243310774815422f4a1]: Word in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-72f8a5aaa628f5680be6a0fb7a20670a]: Word in s. 108(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-acd5760c0959e86e8b0a61b552d5de28]: Words in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/b)
[^key-66bbdc818031926b72fb4650d4196344]: Words in s. 110 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-842aebaf8bcecd12d832025b67b7eab2]: Words in s. 110(1) substituted (with effect in accordance with s. 125(4)(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/125/1)
[^key-2df9dccf59d97666a0ebaff2b721ef4b]: S. 120(5A)(5B) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/2)
[^key-313c29928f08d78159c5bf32dc4d5c03]: S. 120(8) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/4)
[^key-06422d9c451df6387354f953ec940b13]: S. 149B inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/5)
[^key-4d9d8b56cb199177e618aae78e4ace63]: Words in s. 139(4) inserted (with application in accordance with s. 134(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/1)
[^key-e47bc243e9ec61cf00db99eb42ab4ee5]: Words in s. 150(4)(a) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/a)
[^key-5b2d1c3309fe57c86e520cf93e5ed8f2]: Word in s. 150(4)(a) inserted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/b)
[^key-77c00be9e3670f3829b42b8c4ce57bcd]: Words in s. 150(5) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/2)
[^key-61b42e611550029998785b90f979a678]: Words in s. 150(7) substituted (with effect in accordance with Sch. 13 para. 42(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/3)
[^key-814522af4625aa82409ea11217aa1da7]: Word in s. 150(8) repealed (with effect in accordance with Sch. 13 para. 42(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/4), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-8e51fe7bdd7cf5c7793a226df382a050]: Word in s. 150(8A)(a) repealed (with effect in accordance with Sch. 13 para. 42(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-9417ac70f949e29122a79726d3330b71]: S. 150(8D) inserted (with effect in accordance with Sch. 13 para. 42(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/6)
[^key-f8c5a71976f2b0272ef6807c10990cb6]: S. 150(12) inserted (with effect in accordance with Sch. 13 para. 42(8)(f) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/7)
[^key-8600e284c38b9555b5be99c9840658d6]: Word in s. 150A(1) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-0e581e3263a23384ee30d7d04fb4b70b]: Word in s. 150A(2) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-db4a38f2be9fd387d41eff463e97d986]: Words in s. 150A(4)(a) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/2)
[^key-0b5f8b05268df285c6d712193ba920f0]: Words in s. 150A(5) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/3)
[^key-a56c0d7f9494c814515bccc5db7a911f]: S. 150A(6)(6A) substituted for s. 150A(6) (with effect in accordance with Sch. 13 para. 24(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/4)
[^key-9e266218ec5cb96cda219444b30bf4c2]: Word in s. 150A(8A)(a) repealed (with effect in accordance with Sch. 13 para. 24(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-27be677a57130635b0f0bbdc9fb48e70]: S. 150A(8D) inserted (with effect in accordance with Sch. 13 para. 24(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/6)
[^key-2592eb7341aa57f73a97d722877f2545]: S. 150A(10A) inserted (with effect in accordance with Sch. 13 para. 24(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/7)
[^key-7293445297c737ce098aa2f9741fada8]: Word in s. 150B(1) repealed (with effect in accordance with Sch. 13 para. 25(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 25(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/25/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-de26f86c17c672ef6058edd6be3ed10a]: Word in s. 151B(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-b27b8044094698b96edc6e608d175332]: Word in s. 151B(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-45edb600db4fd7b9ace5d885a76619b4]: S. 156(4) substituted (with effect in accordance with s. 41(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/2) (with [art. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/article/41/4))
[^key-7cba00da19ac37df385cec145f2ff4e3]: Words in s. 157 substituted (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/3)
[^key-e968fa1bc7dc3218e42edd3666c9629b]: S. 163 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/a), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-a52f8acb1d64b9d2b509972c455e850c]: S. 164 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/b), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-5f41f60e59bca3dc07666f432e81b129]: Sch. 6 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2) of, Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/c), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31) (with s. 140(1))
[^key-4b81c00871ee9253121c627a14e2c7bf]: S. 165(8)(a)(aa) substituted for s. 165(8)(a) (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/4)
[^key-bd366962c5cd0fa26cdd28560135ad8f]: Words in s. 165(6) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-61cb07b69343e7159c140997c15cd484]: S. 165(3)(a)(b) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-9eba79feed9fb7c6b9120b6b23500179]: S. 170(9)(cc) inserted (with application in accordance with s. 136(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/1)
[^key-5b8b87ef68668585d7136b0bdc8b6269]: S. 171(2)(cd) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/2)
[^key-13985841fccb45b789fa36423756eb71]: S. 171(5) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/3)
[^key-78930e50c2cd97b52f2d3943016da536]: S. 171(2)(cc) inserted (with application in accordance with s. 135(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/1)
[^key-0ecc444880639bc85cac45e21f7829b4]: S. 179(2C) inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/2)
[^key-feb5e283ee94037c0fbaf60d3b4f97c9]: S. 179(2D) inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/3)
[^key-fbf60d95c5d42af6573244b1a1f9532d]: Words in s. 179(2B)(b) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/a)
[^key-87a473aba36ba7b06c2259d61c3541fc]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/b)
[^key-756eef0255bbf3e223057f2cdc15069c]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/c)
[^key-d0a2e9812f6ade3e45855813efb9b9b3]: Words in s. 213(3) inserted (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/a)
[^key-59def5d760dd43b2b678122928c794d6]: S. 213(3)(ca) substituted for word at end of s. 213(3)(c) (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/b)
[^key-e7a1a6c6f4fd5365ae857b0089504dcf]: S. 177B and cross-heading inserted (with effect in accordance with s. 137(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/1)
[^key-bba9cafde7ac8fa5de0308caf2faa2b6]: S. 241(3)(a) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 62](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/62) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-9c21217cb19842d5a99db20569c1f7f2]: Ss. 254, 255 repealed (with effect in accordance with s. 141(2)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/b), [Sch. 27 Pt. III(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-e6441bbeb1536f5ddd0daa282d343a1f]: Pt. 5 Ch. 1A repealed (with effect in accordance with s. 141(2)(a), Sch. 27 Pt. 3(32) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/a), [Sch. 27 Pt. 3(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-4acf33256950833b00384720a0bec6b0]: S. 258(8A) inserted (with effect in accordance with Sch. 25 para. 9(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 25 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/25/paragraph/9/1)
[^key-d2cc96ed0d5390232815d0df4cce95b1]: S. 258(1) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-dcc966618809f8af4fb8a0a3e2e30373]: S. 260(2)(b)(ii) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-2bb76583cf5566f9c83db58f54e561e9]: Words in s. 260(5) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-4b8eb04c765b463f7235e4d25e8f248d]: Sch. 5 para. 2(3)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/a)
[^key-ae13bbf7a3a0e43ac0aa6191609e948c]: Word in Sch. 5 para. 2(3)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/b)
[^key-d5f8c24556715384465684d3e8c48aa6]: Sch. 5 para. 2(7) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/2)
[^key-d7287cba71aeae2472ebd3f2609ee3fe]: Words in Sch. 5 para. 2(1) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/1)
[^key-0fcbfba3ee8b54cb7c939653a54a6b18]: Sch. 5 para. 2A and cross-heading inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/2)
[^key-42dddb83fabe3ee8c823f1391a8ac98b]: Word in Sch. 5 para. 4(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-bacecf42290bb70f157c26a8ede5fcf6]: Words in Sch. 5 para. 4(4)(b) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/a)
[^key-c4e8d1051b3f557513bd1b06547db329]: Words in Sch. 5 para. 4(4) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/b)
[^key-afa96dcaa701fdc4514792ad91f7ce99]: Word in Sch. 5 para. 5(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-026de06b43c1c81bc6412c1edcf9cbda]: Sch. 5 para. 9(7)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/a) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-accc2c4146206248ad72fb457036e08e]: Word in Sch. 5 para. 9(7)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/b) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-047c2fb6b26414f64afc7804d3f04f67]: Sch. 5 para. 9(11) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/2)
[^key-39681f8486f79affd67a1219bfe22743]: Sch. 5 para. 9(1A)(1B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/1)
[^key-28d2d4374ec027f1702d61de10c205c6]: Sch. 5 para. 9(6A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/3)
[^key-d27531600ce5d03339e03198c0274758]: Sch. 5 para. 9(10A)-(10D) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/4)
[^key-a76759799bcee41425e6868dbde8a06d]: Sch. 5 para. 9(10A)(a) applied (with modifications) (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/3)
[^key-5c705c8538092649543ca0a8db51c771]: Sch. 5 para. 9(2) repealed (for the purpose of determining whether any settlement is a qualifying settlement in the year 1999-00 or any subsequent year of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), s. 132(2), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-7ee9e8eaaee5e3487fc8b9febda66d2b]: Sch. 5 para. 9(8) repealed (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-f8565e066e64b3a4096a354b1fd950d4]: Words in Sch. 5A para. 2(1)(a) substituted (with effect in accordance with s. 131(4) of, Sch. 22 para. 5(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/5/1)
[^key-47acf7650e77aaeac1a6bf36b8830c1f]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/1)
[^key-7208e46bbffb1760470495709d2a61f9]: Sch. 5B para. 1(2)(3) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/2)
[^key-a488163a5cb10a891fcac471ac52ea97]: Sch. 5B para. 1A and cross-heading inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/28)
[^key-68935aa69693842eb72420fea4763c00]: Sch. 5B paras. 7-9 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34)
[^key-38daf46965a8e0deaa7003d2ae4fc0f1]: Sch. 5B paras. 10-15 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/35)
[^key-7a8154554ea3e69a5962ed520c3df0a2]: Sch. 5B paras. 16-19 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/36)
[^key-794008056aefc2c0e29aa4bc60a32a14]: Sch. 5B para. 2(3)(a) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/29)
[^key-2421f2a28cb7bcceece81d566a59e390]: Sch. 5B para. 3(1)(e) and preceding word substituted for Sch. 5B para. 3(1)(e)(f) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/1/b)
[^key-078505e4af771fb733feba6cffb6f530]: Sch. 5B para. 3(2) repealed (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/2), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-373b4fd5ee2577e1ad79b998df404ae3]: Sch. 5B para. 3(6) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/3)
[^key-b67e06031bda8b6f2b29f11e55c98789]: Sch. 5B para. 4(2)-(4C) substituted for Sch. 5B para. 4(2)-(4) (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/1)
[^key-7dddd959cf60bf6257ab5f7959d7e66e]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/2)
[^key-b65ba3f53ed521698a2b41a671503c1d]: Sch. 5B para. 5(1)(c) and preceding word substituted for Sch. 5B para. 5(1)(c)(d) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 32](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/32)
[^key-913ee216537fff03b0122dd35323085c]: Sch. 5B para. 6 and cross-heading substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33)
[^key-d8676cbbf4b1c3f8af860d0a9b37c880]: Sch. 7 para. 8 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-295142c89d6508a587f0e728e8d85e25]: Words in Sch. 8 para. 5(1)(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-e2afc6cf8b8eb1395cf6086a720226a6]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-f84a1ec33aa7d6640f9edc0449465515]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-34ad70684568f86599cd4f4da72e6e26]: Sch. 8 para. 7A substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/5) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-435f05c9dc71029c6ed9bc2fc0e0b302]: Sch. 10 para. 14(15) repealed (with effect in accordance with Sch. 3 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/2)
[^key-41f65cdfbd6d55d70cd59074453f59b5]: S. 101C inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/2)
[^key-f9c045092261d6d9e08ae94dea017baa]: S. 106A inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/1) (with s. 124(8))
[^key-10991ce786151d17bd0d5ba97d3b168a]: S. 142 substituted for ss. 141, 142 (with application in accordance with s. 126(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 126(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/126/1)
[^key-c9715726df2f0cfa77ee85ceffbcc5cf]: Ss. 104-114 modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-916ba176b2d8c336a679b39f7b413d64]: S. 106A modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(3)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-ffcc932369aa9c7db71aa422068348ed]: Ss. 127-131 restricted by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), reg. 27(3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), regs. 1(1), 12)
[^key-933373ac8702f568a41ba91e17963fbe]: Words in s. 218(3) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/78); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7997393349525960704efa2987b06117]: Words in s. 218 heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7a4e502c85426e730ba92096d5704f2d]: Words in s. 219(2) substituted (1.11.1998) by virtue of [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/79); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-62975fb9c0a4757f3a4b20d9de8fa0b4]: Words in s. 218 cross-heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-96e8f6534b9cdc5c76f4338577066d25]: S. 263A(1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14-18](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^key-b619c958d940b7b5a605c838d13b54b2]: S. 263B modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [22(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/22/2)
[^M_C_f69b2a20-491c-411e-af59-0820b8e4abc3]: Pt. IV Ch. II modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), regs. 1, 39
[^M_C_12116e01-a7ca-4236-e993-a4eaae3b0ca7]: Act modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [36-39](https://www.legislation.gov.uk/uksi/1998/3177/regulation/36)
[^key-f621f92efbd623e23536e33d3a075918]: Words in s. 196(5) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-c7e2f434756485f265efc8bb39552b33]: Words in Sch. 3 para. 7(2)(c) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-06f5c90b9a243710276586289090046c]: S. 3(2) sum amended (for the year 1999-2000) by [The Capital Gains Tax (Annual Exempt Amount) Order 1999 (S.I. 1999/591)](https://www.legislation.gov.uk/uksi/1999/591), [art. 2](https://www.legislation.gov.uk/uksi/1999/591/article/2)
[^key-267c3c03005c11d549e2de592099e7e6]: S. 213 modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [11(2)](https://www.legislation.gov.uk/uksi/1999/498/regulation/11/2)
[^key-4debebd141be9e36e89de033f1cc8e32]: Words in s. 155 added (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Fish Quota) Order 1999 (S.I. 1999/564)](https://www.legislation.gov.uk/uksi/1999/564), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/564/article/1/1), [3](https://www.legislation.gov.uk/uksi/1999/564/article/3)
[^key-7b41b1063d85b2c19b112f99600cc435]: S. 106A modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(3)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/3)
[^key-998e95bfbda90e55ce07a546b2811157]: Ss. 127-131 restricted (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(4)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/4)
[^key-5346756a32676df16c7c1c51191705bc]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(7)-(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/7) (as inserted (with effect in accordance with [s. 65(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/7))
[^key-0356d437dd6f52615e9559086dd13b18]: S. 117(2AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-b342e8b1663cbfa82693f97f1524b747]: S. 251(8) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-adc630130ff9d99254eb48b990336aae]: S. 116 modified (with effect in accordance with s. 66(1) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/66/2)
[^key-4093193869c310903fc4ac8b0401dc40]: S. 170 applied (with effect in accordance with s. 81(12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 81(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/81/7)
[^key-e2f809b66583bbe3f676cc2fbc9cd095]: S. 179 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4), [4(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/2)
[^key-ad9e7244d177f2ebc02e60309f723583]: S. 185 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4)
[^key-c42008dae329e95a470c4862d376625e]: Ss. 170-192 restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [4(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/1)
[^key-1e400b2b8bdfb22e5eeef8cb98a8c72c]: S. 71(2)-(2D) substituted for s. 71(2) (with application in accordance with s. 75(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/75/1)
[^key-39999b6afc12dbd0d7698d131d630d2c]: Words in s. 155 inserted (with application in accordance with s. 84(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 84(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/84/1)
[^key-f14d456bfde0decd505afd6ca146a70f]: S. 193 repealed (with effect in accordance with s. 103(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/103/1), [Sch. 20 Pt. IV(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/IV/2)
[^key-c684e9ab8e75c28388859a804dd7fa4f]: Words in s. 222(8)(a) repealed (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/2), [Sch. 20 Pt. III(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/7)
[^key-5b713a4c6e02eefe6a425f163ae487a8]: S. 222(8A)-(8D) inserted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/3)
[^key-34361f8c3051057f901835af5d7c4dd2]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/a)
[^key-b74c126f1f3a95f0a0bcd49e0d0ed516]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/b)
[^key-301240805bfd86bcb0901cbde2dd6285]: Words in Sch. 5B para. 2(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-fb754a0e87e9a020cfec6e64a163bd25]: Words in Sch. 5B para. 2(4) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-af625b8adf62e15e5f20e932122f9b24]: Words in Sch. 5B para. 2(2)(3) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/b)
[^key-b8deab97154bb9e39c9ae4a90c66eda0]: Words in Sch. 5B para. 2(2)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/c)
[^key-e23e197c66b09aff7cbd2ee1a71d89f3]: Words in Sch. 5B para. 3(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-677d8a6a994627a9d3e2e80b426b6bb2]: Words in Sch. 5B para. 3(5)(a)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-5d669765fa68ca84631f448befe09c74]: Words in Sch. 5B para. 4(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-b7f4867d4298e7a7a379ba8ad7cdbbc3]: Words in Sch. 5B para. 4(5) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-937ebd8d4b6f2d2cd3183264500ea8c2]: Sch. 5B para. 4(1)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/1)
[^key-5c0b65b35647963f388566f3f8ec8557]: Sch. 5B para. 4(5)(a) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/2)
[^key-38c7feae5820faa3ae12872dc4700e38]: Sch. 5B para. 4(6)(7) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/3)
[^key-822f1f6ce26dfc9a28cc8af5ee77943b]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(f)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/f)
[^key-9dfe020f6cd27bffcc818b671979f56e]: Words in Sch. 5B para. 5(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(g)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/g)
[^key-281f960c2693476929d9089b0f94dba9]: Words in Sch. 5B para. 6(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(h)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/h)
[^key-0441bf4266c82cac6bb5bdf148906e4c]: Words in Sch. 5B para. 16(1)(2) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(i)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/i)
[^key-5c24d7ed743c629317ebd21adb5c1385]: Words in Sch. 5B para. 19 repealed (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/1), [Sch. 20 Pt. III(18)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/18)
[^key-6aad2189750abbe226abd8cfa31e9b53]: Sch. 5B para. 19(1A)-(1E) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/2)
[^key-00d1233d9ae151b4d3fdbaa5421a57f1]: Ss. 284A, 284B inserted (with effect in accordance with s. 76(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/76/1)
[^key-b7b353e028972a5162af24d7f62a75f6]: S. 271 extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 419(1)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1)[(2)(b)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/2/b), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-9a294e15173b9110db3e08e6697ac85d]: Ss. 170-181 restricted (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/3), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-a7aa36fdad2968d8e9cb739e91bc01e6]: Act modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [Sch. 33 paras. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2), [8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/8); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/ukpga/1999/16/article/2)
[^key-437fd1ce81e679feb310fb9a6527801a]: S. 179 modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 paras. 3](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/3), [9](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/9); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^key-f77ae67f56d365bbb7393cd3eb8ffdaa]: S. 3(2) sum amended (for the year 2000-01) by [The Capital Gains Tax (Annual Exempt Amount) Order 2000 (S.I. 2000/808)](https://www.legislation.gov.uk/uksi/2000/808), [art. 2](https://www.legislation.gov.uk/uksi/2000/808/article/2)
[^key-dc0aaa2dbade19fa4572aecd6c566350]: S. 229(1)(3) excluded (with effect in relation to a disposal of shares, or an interest in shares, made on or after 6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 54](https://www.legislation.gov.uk/ukpga/2000/17/section/54)
[^key-4f906037c4a09e9c151531bf02d9a0b4]: Ss. 127-130 excluded (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 58](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/58)
[^key-dfb349168c5ecdfab9fc8fc9e26c245e]: S. 30 applied (with modifications) (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 71(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/71/3)
[^key-879bb435fa23bd0c6a0c28e445af2fac]: S. 10 extended (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 79(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/79/5)
[^key-09d636324ff6ffc844cee5699f3872d3]: S. 116 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-cfafcb1962aaa9f7b9f086bf460963fc]: S. 127 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-dccfeacff0ca82936b5aa29f3057091a]: S. 116(10) excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/2)
[^key-b51d7d3fe7d45eb0ac1bc7d747400bfb]: Ss. 127-130 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/1)
[^key-4abb60a84cbfbbcb4d15dc7fb0701093]: Ss. 135, 136 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 82](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/82) (with [s. 84](https://www.legislation.gov.uk/ukpga/2000/17/section/84))
[^key-08368daadb478ff18210812f31fa1adf]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 84(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/84/2) (with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/84/1))
[^key-c1f56610099096463cc37c7e7a127c22]: S. 116 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-2b70ecfdb53c2ddf25b34251b94328ea]: Pt. IV Ch. II modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-8a27b6fc0dfd32c7d9cb901fb610a0bc]: Ss. 104-106 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-5ef69125da285adf521eea6f27e9d1ea]: S. 107 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-d840d09ce76a60c94b0cbcb47128a749]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/7)
[^key-365d0973a5276c11a0feb3ffcf4f53d0]: Act applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/1)[(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/2)
[^key-f0c6880dce83b02a9c59b868aa36d8c5]: Ss. 152, 153 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 67](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/67)
[^key-70bb7609c6a60bbbde1f1088902cd1f9]: S. 14(2) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-39606507047dc49a00ecf0ba520fe7f5]: Words in s. 14(3) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-0529da3d432e81a018f63f5df254cf6a]: Words in s. 14(4)(b) repealed (with effect in accordance with Sch. 29 para. 16(5), Sch. 40 Pt. 2(12) Note 2 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ba74702eca2448b93bd5801b6e1b7363]: S. 25(3A) inserted (with effect in accordance with Sch. 29 para. 6(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6eb656edb25408619bb42420f433cd43]: S. 25(4) repealed (with effect in accordance with Sch. 29 para. 6(5), Sch. 40 Pt. 2(12) Note 3 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9012435f82a40b34d55b406f4a3dc178]: S. 41(8) added (with effect in accordance with Sch. 29 para. 12(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/12/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b367c5932e7bdcd90a30aa4f4e6e9611]: Words in s. 85(2) substituted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/2)
[^key-38f95f8347db5f32035ec6f33410842b]: Words in s. 85(5) inserted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/3)
[^key-b083a61ddbabe5dad239163961488efc]: S. 85(10)(11) added (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/4)
[^key-3ed2d26e9f7acfd8f1a66ce6fa24b7b9]: Words in s. 96(1)(2) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/3)
[^key-ba2018bc38cebfc7f0f57f14851bd377]: Words in s. 96(5) omitted (with application in accordance with s. 96(2) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/96/1)
[^key-1c0d6767db2c154b387c6bccce179836]: Words in s. 97(1) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-e265f1a62745ba2564ff92516e8089e5]: Words in s. 97(3)(a) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-b737196adc69a140c034b7be35b9c56b]: Words in s. 97(4) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-c5c1a1cfdc510ceb554657079bb10ee5]: Words in s. 97(7) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-463d4507ff8604b5e9a3ba5b1eed8d7f]: Words in s. 97(5) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/5)
[^key-a9d0b93a91d3c56901ad731e7762273d]: Words in s. 97(8) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/8)
[^key-aa617e491d213808596398f2ddf01d4b]: S. 98(3) added (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/5)
[^key-9922eb951eee72c31d7eaabc99e37a7c]: S. 76A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/1)
[^key-0777a9d9f954dc1caec5597f14f8332f]: S. 76B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/1)
[^key-1dbdd0ff47b72eb8f83ad80bbaae49a4]: Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/2), [Sch. 24](https://www.legislation.gov.uk/ukpga/2000/17/schedule/24)
[^key-0db68eb140b277f1c5da0b5be05cf4d5]: Sch. 4B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/2), [Sch. 25](https://www.legislation.gov.uk/ukpga/2000/17/schedule/25)
[^key-54d05399549147160740abd0441401d1]: Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 Pt. I](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/part/I)
[^key-0aa080b5b119f78b603554bb691dba0a]: Sch. 7C inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/2), [Sch. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/9)
[^key-a98adc2626a437c81d0ef4557743875c]: Words in s. 116(11) substituted (with effect in accordance with Sch. 29 para. 19(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/19/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5758721aea7dc4f32f8835ebb5728612]: S. 139(1)(b) substituted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b4c885c4e227dab88988dcd8df591f85]: S. 139(1A) inserted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d774c2071919a34820f457acca435c70]: Words in s. 140(6)(b) substituted (with effect in accordance with Sch. 29 para. 23(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/23/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5a9b86c4942d2448f99e910386b9d33b]: Words in s. 165(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/1)
[^key-dc88bc011c3dbd19bd44066552633bb1]: Words in s. 165(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-494c5aed6afdc82d2980a7efecc91887]: S. 170(2)(a) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/a), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d7bcf3030e7837b885589c74b7a71e4d]: Words in s. 170(9)(b) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ac7a6296595a344691f97e098b291ce0]: S. 171(1)(1A) substituted for s. 171(1) (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_7c164997-1bb5-4630-b013-2a564d7bd8a6]: Words in s. 171(2)(a) substituted (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), Sch. 29 para. 2(3)(a) (with Sch. 29 para. 46(5))
[^M_F_b0425073-810f-4c54-c8b0-a41f219afb0a]: Words in s. 171(2) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_55adb570-8d97-412d-c2cd-5d972766337f]: Words in s. 171(3) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_c4372e9f-1b89-4081-d106-22ec83a0ca02]: S. 171(6) added (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/5) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8e9440f611be5b37dd5f45582bbf2636]: S. 172 repealed (with effect in accordance with Sch. 29 para. 3(2), Sch. 40 Pt. 2(12) Note 5 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97394912723dc31b561bd08ad4f468c3]: Words in s. 174(4) substituted (with effect in accordance with Sch. 29 para. 13(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/2) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-595c62fa3b89192c365eee9f4b463c01]: S. 174(5) repealed (with effect in accordance with Sch. 29 para. 13(4), Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/3), Sch. 40 Pt. II(12) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_9e25f256-54ff-4544-ed2c-c358092b0bbd]: S. 174(1)-(3) repealed (with effect in accordance with Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97bc5e9a9de9983c4be7cd6aa52f75c2]: Words in s. 175(1) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/2) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-af0bab03b4d5cc2b61e97db4e23fa6fd]: S. 175(1A) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/3) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24af986d15aa54e276e49ba96e5d7e33]: S. 175(2A)(ba) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/4) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-aaa69873045a081b0fc7b15af89d3e48]: S. 175(2AA) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/5) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-62d54c5ad4dc4243fa6aec63771723ce]: S. 175(3) substituted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/6) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_0fcf726e-25fb-4ef2-a86f-c88dc0e0643b]: S. 173 substituted (with effect in accordance with Sch. 29 para. 11(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 11(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/11/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-36a1a766bc5a779e5c503020e8bcbda4]: S. 176(7)(c) and preceding word repealed (with effect in accordance with Sch. 29 para. 24(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/24/1), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-3a8eaf5bbf90e388af1c455a69c571c1]: Words in s. 177(2) substituted (with effect in accordance with Sch. 29 para. 25(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/25/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-706ddd723a8e450228340057d87da481]: S. 178 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/26), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5b18e66015f0f8071e496e23ccb09432]: S. 179(1)(1A) substituted for s. 179(1) (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-a6f7c391b9f4ef7ea9e62a104dd4a606]: Words in s. 179(2A)(b) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8b253f9f359d941766dd20c4cf2ecbb1]: Words in s. 179(2B)-(3) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ca3687450a7392c6c751029280986343]: Words in s. 179(4) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-c0c8689a2758a49856104b842d813106]: Words in s. 179(10)(c) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-349307d5aa5df27fa6eec52e4e3c36bc]: Words in s. 179(13) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-7f683c2558cb51f9ad3251eb1f444feb]: S. 179(11)(12) repealed (with effect in accordance with Sch. 29 para. 4(7), Sch. 40 Pt. II(12) Note 8 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/5), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-92e698b5676c0615a154731d1c973ebd]: S. 180 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/27), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-534ec8026c4b7e7b956ffd2d95b43cc2]: Words in s. 181(1) substituted (with effect in accordance with Sch. 29 para. 28(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/a) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-4363051cdc53597d5ffdcdfb35bce255]: S. 181(5) repealed (with effect in accordance with Sch. 29 para. 28(2), Sch. 40 Pt. II(12) Note 9 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6a1cf12afd7b05a3cc2f592a775e1995]: Words in s. 192(3) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/29) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d221057aa86217906eb5753d3c2e2e9a]: Words in s. 192(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-020f498c97f5213003d25ba2e7d51f3b]: Words in s. 195(2)(3) substituted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/2)
[^key-ff8b212e8b54c12a267e60e49ebcefcd]: Words in s. 195(3) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/3)
[^key-487c6d7c8fb0d181e9df3783d237edea]: S. 195(8) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/4)
[^key-89504cd6537e96ef9e091f3bcfac0a0c]: Words in s. 197(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-2c893a6a6ed3ea2a69179cd3fd9c2437]: S. 211(3) repealed (with effect in accordance with Sch. 29 paras. 5(4), 30(5), Sch. 40 Pt. II(12) Note 10 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 30(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/30/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-db9350ab2ecbb3ee2083749d616a8eaa]: Words in s. 216(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-f6c112bc93394d9857cbd7a3166ac1d6]: Words in s. 216(3)(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-0bed60d27c728e6baaa10af23307719a]: S. 217C(2) substituted (with effect in accordance with Sch. 29 para. 32(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 32(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/32/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24e29ea4b9d1d3c6437db50341f38cb2]: Words in s. 260(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/2)
[^key-901015d1ff5d4e20317ff98e250baca8]: S. 276(8)-(10) substituted for s. 276(8) (with effect in accordance with Sch. 29 para. 35(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 35(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/35/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-beb725a5b16355887a1c6c1daa73058c]: Words in Sch. 4 para. 4(2) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-529d8ad913c573bf2492f0cc520ca465]: Sch. 4 para. 4(3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-578e9b039dd8755adf10546d7697c834]: Sch. 4 para. 9(1)(a) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-8c68af40a1b35ece71f64cfe302a7a1c]: Words in Sch. 5B para. 14(1)(a) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/a)
[^key-ebac49be242cc25921f4cf6f4a8e7172]: Words in Sch. 5B para. 14(1) inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/b)
[^key-944f5cbc542cdf7d828c1b4ac4ef26c7]: Words in Sch. 5B para. 14(3) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/c)
[^key-51fcb0905794dc3375b470d5242d712d]: Sch. 5B para. 14(3)(c) and preceding word inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/d)
[^key-4198af63782345e2fe47cdd12872819c]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 40 Pt. II(5) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/5)
[^key-a09434311d17f9c1b66bd4934fff2018]: Words in Sch. 7 para. 2(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-0e27e39f7e392c350cb53772d96eb5de]: Sch. 10 para. 14(42) repealed (with effect in accordance with Sch. 40 Pt. II(10) Note 1 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/10)
[^key-c0768b7a580dc85c9d5fc714979c0a97]: Sch. 5B para. 14A and cross-heading inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/3)
[^key-746cdc6181e6bc0e6918a24255fe5311]: S. 79A inserted (with application in accordance with s. 93(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 93(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/93/1)
[^key-98995ad42215f1c37e37bb3cfda7409c]: S. 79B inserted (with application in accordance with s. 94(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/94/1)
[^key-b7bf38722d51a41c7da4f50adadd9fab]: S. 190 substituted for ss. 190, 191 (with effect in accordance with Sch. 29 para. 9(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/1) (with [Sch. 29 paras. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/4), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9af20e74f55f104ee62c0dbbd45b8751]: S. 236A and cross-heading inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/1)
[^key-92ee80fbc97ba979b4b5506e167ccd6f]: S. 30 excluded (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/6); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-505eb8b04d4bc232c072ab7eec3d3a01]: Act applied (with modifications) (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/7); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-51297f08efabb57208a92949101ae9bc]: S. 30 excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-4020530bbbacaccd0bdfe8b7aff2559e]: S. 154 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/6/2); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-d25228af38a53143a2c4de59f9837e98]: S. 41(8) modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/1) (with [Sch. 26 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/2)); S.I. 2000/3376, art. 2
[^key-eb4565ff9851983fbf666b6e88d4572f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/1) (with [Sch. 26 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/2)); S.I. 2000/3376, art. 2
[^key-bf3895bf5eeb9822fe0342e96b67ee4f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 31(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/1) (with [Sch. 26 para. 31(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/2)); S.I. 2000/3376, art. 2
[^key-d355d2e4b52dd04cef36f6433e1decf0]: S. 30 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 36](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/36); S.I. 2000/3376, art. 2
[^M_C_f5aa1bb8-132b-4c8c-b1de-2bb4f800b129]: Act modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 7 paras. 2(1)(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/2/1/2), [3](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/4), [20(2)(4)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/20/2/4); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_a4e06366-39aa-4eaa-f6df-d9cb66435c04]: Act modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 26 paras. 9](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/12/2), [26(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/26/2), [33(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/33/2); S.I. 2000/3376, art. 2
[^M_C_be5d6d1c-e180-4c1e-ff4b-83d3914c0c91]: S. 171(1) excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 2(4), 20(5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_1e048622-02c9-48bb-965f-74c9420c3e80]: S. 179 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 8-10; [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_4162b110-f147-42b4-89fe-94a838bb186e]: S. 179 modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 paras. 11](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/11), [20](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/20), [25](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/25), [32](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/32); S.I. 2000/3376, art. 2
[^key-77152080e0640237b0f4afd5e6697f11]: S. 3(2) sum amended (for the year 2001-02) by [The Capital Gains Tax (Annual Exempt Amount) Order 2001 (S.I. 2001/636)](https://www.legislation.gov.uk/uksi/2001/636), [art. 2](https://www.legislation.gov.uk/uksi/2001/636/article/2)
[^key-9ce19b3b1d19aed3cae4b6a18d19d277]: S. 37(2)(a)-(c) substituted for s. 37(2)(a)(b) (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 77](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/77)
[^key-a801471d426d122eec4c104e3cf6c09c]: S. 41(3)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/1)
[^key-58009fe6ec3807e11d143e0171158ea8]: S. 41(4)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/2)
[^key-5aebf84bef7ad2ed22faab00f81d0935]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/a)
[^key-6439d1ad50dd8a09c462efe63139677c]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/b)
[^key-1cadb5592aa9641948a8c26b346f38fa]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/c)
[^key-9634918482d507b6e4fcafc63a1219ec]: S. 195(2)(b)(c) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/1)
[^key-a5af8206d9833e8ba29e5600f8e8949a]: Words in s. 195(3) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/a)
[^key-97e50aac1979b6d259fdd7adf3a6897f]: Words in s. 195(3) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-9102c5876a613cbe8668fb8b16247a66]: Words in s. 195(4) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-86588bc727fe1805b02e1c8c0a44d8e6]: S. 195(4)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-96355777034d753e5ae24081eacd0735]: S. 195(5) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-8f2c0988ab1d710b9f73475a392b3322]: Words in s. 195(6) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/a)
[^key-3940ef085d9249cb561cf4356c4affcc]: Words in s. 195(6)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/b)
[^key-4f1f31bc5161193ab93b47924599105a]: S. 195(6)(b) and preceding word omitted (22.3.2001) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/c)
[^key-158a3e9707cfcd660887dbdeb79e659c]: Words in s. 195(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(6)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/6)
[^key-5afc8c280de2c25536ee22d81949a1c6]: Words in s. 288(1) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c240bf6c68dfe5145ff87e21bb82fe1a]: Words in s. 288(1) inserted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80)
[^key-684fd4ac550167e57ef6955c3fb79ceb]: Words in Sch. 3 para. 7(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 81](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/81)
[^key-47ee1d0b223e6d333bf75c0c73ac5ac6]: Sch. 10 para. 21 repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c8f1fd8b4974cb03ccdaa0f43580e94c]: Sch. 10 para. 1 repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^key-841548613a812a7bad6f43cf1a97b3e6]: S. 156A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(4)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/4), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2
[^key-156ef238444d10c14e264989d94b4c1f]: S. 59A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), ss. 10(3), 19(1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2; s. 59A substituted (retrospectively) (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/2)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-69aa6e2ada66ef4eaf777fead78c33b0]: Words in s. 170(9)(b) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/4)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a11ff3822bc00907a42a5e92fa9af5ea]: S. 271(12) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-9c6dc56f0ee5d020b295b90b885c5efe]: Words in s. 288(1) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-361457e70a35479722f18e56601fc7ea]: S. 169A inserted (with effect in accordance with s. 75(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/3)[(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d996841b11440f9b5089446d97c628dc]: S. 13(5)(b) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-869a976a60841ce55a980fd6553607bd]: S. 13(5A)(5B) substituted for s. 13(5A) (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^M_F_2e33e0db-02eb-435c-84ae-3a59c52546ce]: S. 13(10B) inserted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-73ba2515fa467a07cefb39aa458dabad]: Words in Sch. 5B para. 3(1)(c)(d) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/29) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-feb7f1ec3beb6ac3acf6dd656418eca9]: Words in Sch. 5B para. 13(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e482aecab4338ebc00d4a5b6ba6c6fa7]: Sch. 5B para. 13(1A)(1B) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a54a60760fe3a3850587a6935ea211fa]: Sch. 5B para. 13(4) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-380d63f4c297301f8cb8fdabddde9399]: Words in Sch. 5B para. 13(10) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1e2cc60efd0f6fe692b32ad40b440512]: Sch. 5B para. 13(12) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-562a908823f419b49767c95189e0458d]: Words in Sch. 5B para. 13(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-cc5eb353c9524cca1c58920d4a4d232a]: Sch. 5B paras. 13A-13C and cross-headings inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 31](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/31) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-f7062c9c0bb811d7f259fd4f40739c4c]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-4d042b80b7a5b82ece661a1bd47e5e0f]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d97849d4d94af88257fa857cefdadbdd]: Words in Sch. 5B para. 14(3)(c) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c10fc30b9b927005813420787c71ee30]: Words in Sch. 5B para. 14(3) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-001a9c1f418118a834dd68d4d0f7c25f]: Words in Sch. 5B para. 14(7) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-6b7cfd188662f14fc142f3efda16b175]: Sch. 5B para. 14AA and cross-heading inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/33) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-23f187ce8e3d8333222af20eb1a481cc]: Sch. 5B para. 14A(2) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-b46b8cbe68cbb79e53c4fd489dfdd901]: Sch. 5B para. 14A(7) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 to the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c7f597880fb7f732075a1f9f5e351ded]: Words in Sch. 5B para. 14A(8)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-263072b55cead0a7dad1aca442974701]: Sch. 5B para. 16(2A) inserted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1c1c73c3ccf5781e497887e6a4621a4e]: Words in Sch. 5B para. 16(3A) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7d2e5bbd652bf39422aac5a988cf7e73]: Words in Sch. 5B para. 16(5) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-579265a7c703132329923e43d409a5d3]: Words in Sch. 5B para. 16(1)(a) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-38258cffbbedf140ee90d6843b83be6e]: Words in Sch. 5B para. 18(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-55e1aa6c9f527eecfaaa2e17c0d35080]: Words in Sch. 5B para. 18(2)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/i) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-8c7ee1660bc6b98e952638f9a67f415e]: Sch. 5B para. 18(2)(ab) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/ii) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-3a9fef01c97dd076fae7b4e108fa306d]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e597a628e65a4e401d8f9236406fb213]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7dd2850421d79e8ba50ee3f0898daf35]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1440a3a04695f50daa2b521308712f49]: Words in s. 99(2)(a) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [62(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/1)
[^key-266b7a49336d01452652571cd88e6ed4]: Words in s. 117(11) substituted (with effect in accordance with art. 63(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [63(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/63/1)
[^key-5984996b8a466c2439b51db20ec29d27]: Words in s. 143(3)(a)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-6ee94b58e87a9fa595cfe9652e6677bd]: Words in s. 143(7)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-3ce7746d93d5371050dad63467b5b6b1]: S. 143(8) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/3)
[^key-226738d4580a11836de29d4c54b945ed]: Words in s. 144(8)(c)(i) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/a)
[^key-f83c7ddb6d57bb72e185b29300b2a5c2]: Words in s. 144(8)(c)(iii) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/b)
[^key-7f572db4967db36e2c09c958e78b7e81]: S. 211(1)(1A) substituted (with effect in accordance with art. 66(2) of the amending S.I.) for s. 211(1) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), arts. 1(2)(a), 66(1)
[^key-ff905b5a77ff74b3a9b505fba173ccc3]: Word in s. 213(4) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-9af6ffe4f66e096bdb300cd9c46c5abe]: Word in s. 213(7) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-c46c88f02b012d1c5a9fe2e455519224]: Words in s. 288(1) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [70](https://www.legislation.gov.uk/uksi/2001/3629/article/70)
[^key-020df7f1bedf67fa0fe02ad0cc07c70e]: S. 3(2) sum amended (for the year 2002-03) by [The Capital Gains Tax (Annual Exempt Amount) Order 2002 (S.I. 2002/702)](https://www.legislation.gov.uk/uksi/2002/702), [art. 2](https://www.legislation.gov.uk/uksi/2002/702/article/2)
[^key-e76b49e163a85e50c828c78c2544885a]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93B(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/93B/2) (as inserted (with effect in accordance with Sch. 11 paras. 7, 18 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 77(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/1) (with [s. 77(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/2)))
[^key-cd8f464cd2174ea2ee086d7d037c68e8]: Ss. 127-130 applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 93B(3)(a) (as inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), s. 77(1) (with s. 77(2)))
[^key-0431b5c15b5e9dd486f41e4a2d1f6bc5]: Ss. 135, 136 excluded by Income and Corporation Taxes Act 1988 (c. 1), s. 757 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^key-75b4cfc67de37815f0d3e9af02a3c9bc]: S. 136 applied by Income and Corporation Taxes Act 1988 (c. 1), s. 842 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^key-39ee625ee82c326d41b454a0baacc489]: S. 257 applied (with modifications) (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/b)
[^key-cc714e31f86e2d437b0c4671436304a9]: Act applied (with modifications) (with effect in accordance with s. 58(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/10)
[^key-f5af7a8641a7d09756de892291f27451]: S. 38(1)(c) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(5D)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/5D) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/3))
[^key-92f1235aec000508398d0be1deb842da]: Act applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(10A)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/10A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/6))
[^key-d2c9a0a6f7cecfd0faa728d0a5254068]: S. 170 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/6)
[^key-4dc7421b3f758d3037a9eee78356f17f]: S. 161 applied (with modifications) (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 45(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/45/2)
[^key-25480a887b229cf41079cbfc7dcc3c51]: Act applied (with effect in accordance with s. 83(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 48(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/48/9)
[^key-cd31f620eb723847e7c937545064569a]: S. 136 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/84/1)
[^key-02db92d87ef28ef808cdedbdb1369e0b]: S. 152 modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132)
[^key-1b030ad294a9ee71c6de6ec6eb13ccff]: S. 155 restricted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/5)
[^key-24077e04eb319da45b4f904217d9ca1b]: S. 2(6)-(8) inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/11/paragraph/2/4)
[^key-e4ff1f25259e45edfc99156cce0a0113]: Words in s. 13(5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-2cc28fe9215e71cba9895a78bc5042e3]: S. 40(4) added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/60/2)
[^key-c0cd7da9fd8953868b7e08c6b53c9b45]: Words in s. 62(7) substituted (with application in accordance with s. 52(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 52(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/52/1)
[^key-8940d402f18f73181a4d2d3d4b0716ef]: S. 86(4A) repealed (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/4)
[^key-7a62030f5a377b83031148073b42594d]: Words in s. 117(A1) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-210d2d7c84e6d8d4063f185d7cb68554]: Ss. 117A, 117B repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-ee25ac82a0dfacf2f73ea489d60444fe]: S. 135 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/1)
[^key-160cc913f3fcb8eb01b51d23d73ae0b4]: S. 136 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/2)
[^key-5d42dfb3da7a9bae76e60562ac245a54]: Words in s. 137(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/a)
[^key-08d399bec88a5a40d4b9338f5589daaa]: Words in s. 137(6) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/b)
[^key-ceedb53a1b8d8fab6f4f582986976c19]: Words in s. 138(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/6)
[^key-2c0948d82181d51c23d8fcf0b8b4b80e]: S. 139(9) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/7)
[^key-783168562bbfe72cda72fc4829e9710e]: Words in s. 139(1)(a) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-4fb6f2e22e9ef0b747521c2ed85ae28e]: Words in s. 139(5) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a9c57a27a11aa6f0b03cb6150f46f479]: Words in s. 139 heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-15937c49ed846839590ee01ef690be89]: Words in s. 135 cross-heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a82922811f6adffb9b268901d6a7e054]: Words in s. 147(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/a)
[^key-30dbf8d02c019683751d0229b5c10e38]: Words in s. 147(2) inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/b)
[^key-557378177e7b2919a4cb9f1a8d72a5c8]: S. 151B(8)(c) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/9)
[^key-a9602fe993018e2520c0217f3b65d458]: Words in s. 161(3A) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-0e1ace38c1b3732d7680157aecc69d0c]: Words in s. 171(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/10)
[^key-38da6a7df083d184e3c5aee6370f82b0]: Word in s. 179(4) substituted (with effect in accordance with s. 44(3)(5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/2)
[^key-ac4d3e5079ddf5e08f09f05a21c61bfe]: Words in s. 241(3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/2)
[^key-8625ef42e2f480646c99126f82f4eecc]: S. 241(3A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/3)
[^key-eadfcb86e9057fd6b52235ff95ad0bd0]: Words in s. 241(4) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/4)
[^key-ec9ab21cdf114307cf7224336739696b]: Words in s. 251(2) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/a)
[^key-2e314370e864a078241595831920ec9b]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/i)
[^key-4ba663c8dd934811c86989f8b45c5d44]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/ii)
[^key-d47f72925d6fb2e061fefc4f0d7c1123]: Words in s. 251(6)(b) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/c)
[^key-7965bbcdf40e392744a9e57d383015d2]: Words in s. 288(1) inserted (with effect in accordance with s. 103(6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/3)
[^key-901449d6123a3a7dedb937de4feb12fb]: Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3)
[^key-39c6fea00fb9c0d687377d75ea84525d]: Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1)
[^key-8fd0a71e4f4e94f156352db4bf9c4657]: Sch. 7AD inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/2), [Sch. 31](https://www.legislation.gov.uk/ukpga/2002/23/schedule/31)
[^key-387b5e61a4dd333cbabbc2d90f09c7b6]: Ss. 105A, 105B inserted (with effect in accordance with s. 50(2)-(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 50(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/50/1)
[^key-a6fcc18d9a3ea87b0bce65e4a1f139d4]: S. 192A and cross-heading inserted (with application in accordance with s. 44(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/44/1)
[^key-89e5fa656ea5b9c8e7be5df203334789]: S. 162A inserted (with application in accordance with s. 49(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/49/1)
[^key-c4eabc009f23f14148c80483699a5e7b]: S. 211A inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/1)
[^M_C_40f54108-3130-4fd8-d62c-7ea76ad8480a]: Act applied (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 130(3)-(5)(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/130/3), [131(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/131/5)
[^M_C_4706c006-7b55-4fb2-d11f-99f9c51f4987]: S. 153 modified (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/2/3)
[^key-6ba9e1ca320836df0b0dc69957025a14]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/4/1) (with [regs. 6](https://www.legislation.gov.uk/uksi/2002/1970/regulation/6), [8](https://www.legislation.gov.uk/uksi/2002/1970/regulation/8))
[^key-e81709789d439da341c6e7ff690dffb6]: S. 116(10)(a) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/9/4/a)
[^key-d1a12cd45edb7a873b965698b921af35]: Act applied (with modifications) (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 3-8](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (with [regs. 20-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)) (as amended (8.8.1997) by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1715/regulation/1), [3-5](https://www.legislation.gov.uk/uksi/1997/1715/regulation/3); (1.10.2002) [S.I. 2002/1973](https://www.legislation.gov.uk/uksi/2002/1973), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2002/1973/regulation/1/2), [2](https://www.legislation.gov.uk/uksi/2002/1973/regulation/2))
[^key-cdf03635d31ed06c1adc9bae7bdcff61]: Sch. 7AC para. 17 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 50A](https://www.legislation.gov.uk/uksi/1997/473/regulation/50A) (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/23/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2003/23/regulation/9))
[^key-b962009c6ecb69de37ef17a106f992a4]: Sch. 7AD para. 10 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), reg. 50B (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), regs. 1(1), 9)
[^key-5cf693cc4bfe4678168deb8a07996460]: S. 3(2) sum amended (for the year 2003-04) by [The Capital Gains Tax (Annual Exempt Amount) Order 2003 (S.I. 2003/842)](https://www.legislation.gov.uk/uksi/2003/842), [art. 2](https://www.legislation.gov.uk/uksi/2003/842/article/2)
[^key-50ae57ecc6ecb658d4d5750927018241]: S. 127 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 462(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/462/2), [723](https://www.legislation.gov.uk/ukpga/2003/1/section/723) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-7b26f0dee25f1f5a40f60534a7e7d5d4]: Ss. 127-130 excluded (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/88) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-db5dba6640993c156a369f28aba20cb7]: S. 120(1)-(1B) substituted for s. 120(1) (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-57029a2f948110ef92c0215bbfe1f117]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-3e2ed47d355d7ba79eff32c3f4c3246c]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0160a5e417aa300901b3f8e2391bf004]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40c39ce27da23b4710080d49f0ce91de]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0a20d377f232377f6983a1767e591ba1]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6656e72a15b058753d9510cbaf6e607]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-671749eac4ecaa5178116f146f8e03f7]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6eabad5ec5475cb4d5a434c04306adfd]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-2b3878fd0d36db8f985655137f3b9eac]: S. 120(6) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6a8d7e453bc4885c90f9d96a0f99b7a4]: S. 120(7) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(8)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/8) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ff29ad68669c3781715e194b25505e2e]: S. 120(7A) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(9)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/9) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f5168845a225c7622bb5cfa42be88bba]: Words in s. 120(8) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ba907acfe1c87b825debde4aa2e4ecf2]: Words in s. 149B(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6009d18aa000012c5e45c3b8c1f3be4d]: Words in s. 149B(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-bf8b95b2001b67db4197678a3444ebff]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40b5ab03f1e07bf89d97da4033b65132]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4be73c9f9a0908d42ff9fd9535b5c966]: S. 149C inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 212](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/212) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8c1a0338f772720ca519879fbd7ad84d]: Words in s. 222(8D)(b) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 213](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/213) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-18b6859b5ae9b97b8c90ea48341a9895]: Words in s. 236A substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-842b875d227bbf33cf1b2c606461b1ad]: Words in s. 236A cross-heading substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8d49e2acc095020bcabec29d93debf6a]: Words in s. 238(2)(a) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 215](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/215) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-d070df742694a5b288f4493209b27b35]: S. 238A inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 216](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/216) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-135d87a683b4be3a0f15730d68bf0d5b]: S. 263ZA inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 217](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/217) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ad60b8e43028b82215a842c7fb709cf1]: S. 271(1)(c) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 218](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/218) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-dae33be935f17c8e2a45e6965ac7de46]: Words in s. 288(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-c7602cb2301bbdd5bd62b552bb3c9b2d]: Words in s. 288(1) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4416e6edea6a9ae7d03c219e3a127deb]: Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ef7bcf58594695dc8de91c7c9736ebb1]: Words in Sch. 7C para. 2(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-510ee43206fb68f4ca7c012760b63a73]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-cc3ff7650cce19a91be227afd23d8089]: Word in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-a7c453f16449189a376f4df5ead8ac8a]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/iii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-80939251133e89f592dfcc5b102a855d]: Words in Sch. 7C para. 2(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6872f385089528a4af8c79e5b329e0f]: Sch. 7D inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 221](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/221) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ea38ffda46c5556d9799c98124362698]: Sch. 10 para. 14(9)-(12) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-980f1b9474718c9d8437dd664d00b518]: Sch. 10 para. 16(3)-(5) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-13ef0646681e9edb73a87af95105b276]: Sch. 7D Pt. 1 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ae77864865bcf89d972cc196de1da8ec]: S. 25(2)(3)(5) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-8c5a31630b1819e2ac25a612ea205102]: S. 80(4)(a)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-4036624bea22c9a9d3c7f493d07fcda2]: S. 80(7)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-901a9e752c57fc4ff13a88aed7b51a6f]: S. 199(2)(4) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-0f31930fce682615b884ce6b6fa9bd09]: S. 276(7) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-2dd636877e483cf6c39ab231e533ecfa]: S. 3(6) repealed (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/2), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-fc13395dd9770fb7ab9192d024316b92]: Words in s. 3(7) substituted (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/3)
[^key-dd832ebe106133faf8b5179023fea6c2]: S. 3A inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/1)
[^key-61ded793559399087edab9acb44f402b]: S. 10(3) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/a), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-b2bdc1a0dea008d5cfe42940e7fe672f]: Words in s. 10(4) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/b), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-31d2e3cfd8cf3ed62d51b2ff2cecf009]: Word in s. 13(5)(d) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-54f6fcb81eebeebbbc6652f24714f25c]: Word in s. 25(7)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-57f8c4330f6ecdec1f6b2cd2e6030ee8]: S. 10B inserted (with effect in accordance with s. 149(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/4)
[^key-822f44d04b63ce2db7a25bc1b3727317]: Words in s. 38(2) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/5)
[^key-e3548879b99379debb2c70e1f0832cb3]: S. 85A substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 163(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-ece6416ba5ec7e0c0cdc15b985c8a3b3]: S. 120(9) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 51](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/51)
[^key-bab1cbb282fec102852beda14ef03bc5]: S. 119A inserted (with effect in accordance with Sch. 22 para. 50(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 50(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/50/1)
[^key-932763e2467d5d6f333e428b6818f6eb]: Word in s. 138A(2)(a) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/a)
[^key-35db4837acb78e3b1fe72f1f23764576]: S. 138A(2)(c) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-5ecc29a92e8eaaf3691b4e4033cd171d]: S. 138A(2A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/3)
[^key-e2583367034a12e0f60216e235167dfb]: Word in s. 138A(4)(c) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/a)
[^key-74bc1f20717db86841f18a4beda13d3b]: S. 138A(4)(e) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-8fca7632d776c7cb63bc4ce6b5999584]: Words in s. 138A(4) substituted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(c)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/c)
[^key-f97f33d2afbac9b5f0b0398949e300b2]: S. 138A(4A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/5)
[^key-dac9200349e48e522337be72d3eae51d]: Word in s. 139(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-576fe1ba900e19453c8830f1dd313253]: Words in s. 140(1) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-1d9861395679f45f186fc2559475f893]: Word in s. 140A(2) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-28e78a2374c22132025dc07bc79b0bea]: Words in s. 140C(1)(a) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-54169eacbc836476e73e59fb7a11e3cb]: S. 149B(5)(6) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 53](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/53)
[^key-f864b9b1fe43430835bb549abb49ce77]: S. 149AA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 52(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/52/1)
[^key-8a8b4103533314f07d734e946cd63a1c]: Word in s. 159(4)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-5e451c679431bc6aa00d18df98d68c4a]: Word in s. 171(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-dcd8673f881197584f2ae03ad4640008]: Words in s. 173(3)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-0bd6778d9f1ecf9c247095674e0f4e8b]: Words in s. 175(1A)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-68c10bd0ee425c18a5c494dcd520449e]: Word in s. 175(2AA) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-0c99ef42578557bdfad057bfec807e06]: Words in s. 185(4) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-c87f0243b262d832fa135a498f89fab8]: Word in s. 190(2)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-87a7140aabdb5be62bde8209232c83da]: Word in s. 190(3)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-c9a97be4e642aababf8748839fed23bb]: Word in s. 199(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-9b72754a97d51168d259355079b39aa4]: S. 210 substituted (with effect in accordance with s. 157(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 157(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/157/1)
[^key-c6764ad2d0457d5ba743b28798e76aa1]: S. 211(1A) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-28056ea40ba487d517dad1eeed295104]: Words in s. 213(3) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/a)
[^key-58de0964f2cac07a90cdc95fcdc4fac3]: Words in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-ea7c7c82c752ea97ed8725fb94c709cc]: Word in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-6b61555356a3f7257e640d2de52471ec]: Words in s. 213(3)(c) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/c)
[^key-5385a2899bd21d070e744b26fc9737a7]: Words in s. 213(3)(ca) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(d)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/d)
[^key-3a3fcb5b6f2ee20053829536917b479b]: S. 213(3A) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e12ae8862f1f1ddc5e3c25af14971e13]: S. 213(3B) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e4110619fb7a7a82fd0cdb34c8658ede]: S. 213(4A)(5) substituted for s. 213(5) (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/4)
[^key-989ee3fbb5839ee27bf68617042872b4]: S. 213(8A)-(8I) inserted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/5)
[^key-524a8efc7c4976487971177ede893ed7]: Words in s. 213(5A) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-9926c8b787beb0d47ca037716cb4267a]: Word in s. 228(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-e3acbaa7e34ae60d1dbcae11000a144b]: S. 288(1A) inserted (with effect in accordance with Sch. 22 para. 54(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/54/1)
[^key-5a4b4d91c82cf302de8b431833068272]: Words in Sch. 1 heading inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/1)
[^key-e25068e5ab02e64e673f99364f9a6adf]: Sch. 1 para. 1(5A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/2)
[^key-1153f62323816faed5bb4bd4ab1374b1]: Words in Sch. 1 para. 1(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/a)
[^key-ec450e161239ef81d68078e84fdb1640]: Words in Sch. 1 para. 1(3) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/a)
[^key-0f64f6bec7110a74b473750b52fffb4d]: Sch. 1 para. 2(6A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/3)
[^key-fd03cc959dc623daab9ce5207fc403fe]: Words in Sch. 1 para. 2(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/2)
[^key-131156ef4d47b3bee435c5df2466422c]: Words in Sch. 1 para. 2(2) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/b)
[^key-61c42c681b65a50413ffbec3a3e1458b]: Sch. 1 para. 2(3) repealed (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/5), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-25ba63cc7aea133ab056990e37844068]: Words in Sch. 4C para. 10(1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-a2356edd917706063b4f64a695b0941d]: Sch. 4C para. 13A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/4) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-c45b7a40aaf6886a970eae9d1674a260]: Sch. 4C para. 12A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-63c67a223b9d662190d9ba11fe39e275]: Sch. 4C paras. 8, 8A-8C, 9 and cross-headings substituted for Sch. 4C paras. 8, 9 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-e16035ac98e0c4fbbe1bcba5f6302a60]: Sch. 4C paras. 7A, 7B and cross-headings inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/3) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-7cbe9054f1eb781fadd4125a00a2a989]: Sch. 4C para. 1 and cross-heading substituted for Sch. 4C paras. 1, 2 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-0109d6172370940de20a623008aee19f]: Words in Sch. 7AD para. 10(1) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-c6ff3122034b179d60ce5de77535a069]: S. 144ZA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 158(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/1) (with [s. 158(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/2))
[^key-5a9451e6f1f141be526fc4af929e24ff]: Ss. 279A-279D inserted (with effect in accordance with s. 162(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 162(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/162/1)
[^key-d5674cfa191dae64e41a647dc0cf7414]: S. 210A inserted (with effect in accordance with Sch. 33 para. 14(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/14/1)
[^key-0b226ac7db1f29eac80f01aa5cf850ec]: S. 210B inserted (with effect in accordance with Sch. 33 para. 15(2)(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 15(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/15/1)
[^key-fb2a656b2164b57927129ac71131d0d5]: S. 211ZA inserted (with effect in accordance with Sch. 33 para. 21(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 21(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/21/1)
[^key-ce558e635b803e5b07323c27c2ca55ac]: Sch. 10 para. 7 repealed (25.7.2003 for specified purposes, 29.12.2003 in so far as not already in force) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1) Note 1 (with [Sch. 18](https://www.legislation.gov.uk/ukpga/2003/21/schedule/18)); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3](https://www.legislation.gov.uk/uksi/2003/1900/article/3)) (as amended by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), art. 1(3)); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^key-599dd914c49cfcb7983c1f95fe70f4d7]: S. 3 excluded (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/2/b)
[^key-92382b2694f4854d42cfa48be3f2cdd6]: S. 283(2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/3)[(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/6)
[^key-525c0f816a71b523ce4bf9a5712b100a]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/2)[(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/10)
[^key-44f5af9566db25e7c697933d1c4088b9]: S. 8(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/3)
[^key-08b4a597b8622f211aebd01f4d6cd041]: S. 37(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/a)
[^key-ce208a2c9cec0498726b45259f53c832]: S. 39(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/b)
[^key-295060c298c1a6eb2c56d3497b761b43]: S. 272 applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-067e7c6966779cc5c5d80a2d042411cc]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 23 para. 10(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/23/paragraph/10/4)
[^key-b6e48f12aa3c271cfa5f924330ac4384]: Act construed as one with [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A para. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/5/3) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^key-d43032c1e623e9480dd6cce4a9de4eb5]: Act modified by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) (as inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)))
[^key-5025d143d72aee63e94dfd5f9668f4cc]: Act modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/5) (with [s. 283(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/5), [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-f7c964fb962ba8987405a78c4a0af6c8]: Words in s. 99(2) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/a)
[^key-99c9ab6e0c68909ede7b3038ff4edb4e]: S. 99(2)(aa)(b) substituted for s. 99(2)(b) (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/b)
[^key-c8561e741ed2918b0c06771dd3ef206d]: S. 99A inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/3)
[^key-64a996dc6ce27b2ae8ca596915e55760]: S. 151A(3) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/4), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-6e3d1c3cccf51e0a2daef61136c13bd8]: Sch. 5C repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/5), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a1967a586fd0d0a0af3b3a7bda2b3f5b]: Words in s. 165(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/2)
[^key-e0d35904ea17c5ee6599d60b834ca36f]: S. 165(3)(ba) inserted (with effect in accordance with Sch. 21 para. 10(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/3)
[^key-efda674734412c9233d46d47cd9078f7]: Words in s. 165(10) substituted (with effect in accordance with Sch. 21 para. 10(7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/5)
[^key-b3830c67fd8626551729ce623c3abf60]: Words in s. 222(5)(a) substituted (with effect in accordance with Sch. 22 para. 7(1) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/1/2)
[^key-0aa8a908ce319d78c2bc3bf47b3937b3]: Words in s. 223(4)(a) repealed (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/2/2), [Sch. 42 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/15)
[^key-df90cd957fc4f2864ce72396b8623f49]: S. 223(8) inserted (with effect in accordance with Sch. 22 paras. 7(3)(4), 8 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/2/3)
[^key-19e2d3e248af9238eeebd41ab7b1892f]: Words in s. 224(1) substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/3/2)
[^key-a19a8fc28097c856e9a278ef55765feb]: Words in s. 225 substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/2/a)
[^key-fa2068ee6f6ab6287ae0cfea03c95f23]: Words in s. 225 substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/2/b)
[^key-3ef39d1c3e08c5590023ae56086ffbb5]: Words in s. 225(a) substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/3)
[^key-67e8819eff6e632f730976d6b1793d0f]: Words in s. 225(b) substituted (with effect in accordance with Sch. 22 para. 7(1)(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/4/a)
[^key-95c8d219c917804ce1fde70ad2b05cbe]: Words in s. 225(b) substituted (with effect in accordance with Sch. 22 para. 7(1)(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/4/b)
[^key-c58fb3ff6067888701d01eacd228b490]: Words in s. 225 inserted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/5)
[^key-13b8728522c6fa42d8ed0e6962ee141f]: S. 225A inserted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/5)
[^key-ea1f146812f30fa1026da94cc76dcfa6]: Ss. 226A, 226B inserted (with effect in accordance with Sch. 22 paras. 7(3)(4), 8 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/6)
[^key-81db889b9b7af3cf0952aa4a388ce715]: Words in s. 260(1) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/2)
[^key-92682d9c96aaf1169934ede2fd68e648]: S. 260(6A) repealed (with effect in accordance with Sch. 21 para. 10(8) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/3), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-67e50a49515e5e980224e9d8f9dfce04]: S. 260(6B) repealed (with effect in accordance with Sch. 21 para. 10(8) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/4), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-526bd52443baa90d4ff9158e5566f129]: Words in s. 260(7) inserted (with effect in accordance with Sch. 21 para. 10(9) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/5)
[^key-3148f3feebbd52037e5cd2a6edb3d8d6]: Words in s. 281(2) substituted (with effect in accordance with Sch. 21 para. 10(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/6/2)
[^key-cd225793d21bd782ed3ca54407089b9e]: S. 281(8)(9) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/6/3)
[^key-d8d8c651c0db9eb101e5cae471504d47]: Words in s. 281(3)(c) repealed (with effect in accordance with Sch. 42 Pt. 2(14) Note 2 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-39deaebf507fb3e4efac385edda8b467]: S. 282(5)(6) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/7/2)
[^key-87d279d41c94b603bf4e4c93f7d4d0aa]: Words in s. 288(1) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/a)
[^key-3079e62c828dc7554a4938987ddf2f03]: Words in s. 288(8) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/b/i)
[^key-c42db841b00e2ddf8ab69053d9fb955a]: Words in s. 288(8) substituted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/b/ii)
[^key-1116730b8fcceed9949f839956907785]: Words in Sch. 5B para. 1(2)(a) repealed (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-e4e087358830c93fa4b235d052998a2b]: Sch. 5B para. 1(2)(aza) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/b)
[^key-391aa08a8fdab96b0a99458df8feaeaf]: Words in Sch. 5B para. 1(2)(c) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/c)
[^key-75b76d82f5b3239cc136df18a2545abf]: Words in Sch. 5B para. 1(2)(e) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/d)
[^key-6da6d5ae82b8e34fd6f3c0cb0c4a72e6]: Words in Sch. 5B para. 1(2)(f) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/e)
[^key-8c028c89d1875001130ba0feaa0ca418]: Sch. 5B para. 1(5) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/2)
[^key-53b5615e6aeb5e93fb49206a8887dcc3]: Words in Sch. 5B para. 1A(1) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/a)
[^key-b99611bbbc75a5b07275b10e3b058553]: Words in Sch. 5B para. 1A(2) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/b)
[^key-ec8494027392bb4a88b4780ead5184ed]: Words in Sch. 5B para. 1A(3) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/c)
[^key-4e2ede21967458b2acfef7694a6ca4e4]: Words in Sch. 5B para. 1A(4) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/d)
[^key-387d0e1e35fdbb7fb492e9a78a4f6134]: Words in Sch. 5B para. 1A(5)(b) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/e)
[^key-dbe58a6d5792854b16ce4d41d50f7114]: Words in Sch. 5B para. 2(4) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/6/2), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-f0b62a1dfc87aba0354437386649cc9d]: Word in Sch. 5B para. 10(1) substituted (with effect in accordance with Sch. 18 para. 15(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/15/1/a)
[^key-0cb67c9741fc809dabcb58d7d95ed341]: Sch. 5B para. 10(4) inserted (with effect in accordance with Sch. 18 para. 15(2)(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/15/1/b)
[^key-c797e600669557c8c0e078e85863d5ec]: Words in Sch. 5B para. 13(2)(b)(i) substituted (with effect in accordance with Sch. 18 para. 16(2)(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/16/1)
[^key-6482112a003ece3d6e7fc4c7d9c5c4ec]: Words in Sch. 5B para. 14(7) substituted (with effect in accordance with Sch. 18 para. 17(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/17/1)
[^key-202faf58b5bcbd3016002841d1ae557b]: Sch. 5B para. 14A(6)(a) repealed (with effect in accordance with Sch. 18 para. 18(2) to the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 18(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/18/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a9770808a934f040075d98b7a329945d]: Words in Sch. 5B para. 16(6) substituted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/a)
[^key-54f071ba84dfc1fa83a5327547b6dcf9]: Words in Sch. 5B para. 16(7)(a) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/i)
[^key-52dbfaba12200ceef7a229d32b7e144a]: Sch. 5B para. 16(7)(aa) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/ii)
[^key-0cd3455a46a89ba906485c929546d183]: Word in Sch. 5B para. 16(7)(c) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/iii)
[^key-42bb0e61a2df6859ee3c8205b26d3ff5]: Words in Sch. 5B para. 16(7) substituted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/iv)
[^key-e6517fa95649d233550af96d8628da1d]: Sch. 5B para. 16(7A) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/c)
[^key-6382c054e8fc0ca4a42c34101cb872f6]: Words in Sch. 5B para. 19(1) inserted (with effect in accordance with Sch. 18 para. 20(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 20(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/20/1/a)
[^key-30d6f60427f75604ec9eeb5174b386c2]: Words in Sch. 5B para. 19(1) inserted (with effect in accordance with Sch. 18 para. 20(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/20/1/b)
[^key-75767dfd6bc9d007d569cccc0fd9aa6b]: Words in Sch. 7 para. 2(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/9/2)
[^key-52c0e46a6cff41d69e98382f262511cf]: Sch. 10 para. 14(46) repealed (with effect in accordance with s. 145(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18)
[^key-509d6d8ec331c00bb43c35c89a922373]: S. 170 applied (with modifications) (1.8.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 307(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/307/4), [319(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/319/2) (with [s. 314](https://www.legislation.gov.uk/ukpga/2004/12/section/314))
[^key-12acdb83b647a4959ce13cb949fbd6d5]: S. 119A(5) substituted (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/2) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-a57704fc86e97d242a4fd456db296c21]: S. 119A(8) repealed (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/3), [Sch. 42 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/10) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-bc5b8d3625cf52f95bc0f14906249ecb]: S. 100(1) modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2199/regulation/5)
[^key-d245461398d44cb74a29fe396184e1af]: S. 151A modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-26be231b8b9a62ecbf656f497ef42ecf]: S. 151B modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-5e5dddca1c84496d0f3ec914f39f2c23]: S. 171(2)(cc) excluded (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(2)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/2)
[^key-edd798ebc06ebc67373617f774b159b7]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [reg. 7](https://www.legislation.gov.uk/uksi/2004/2200/regulation/7)
[^key-3044050c997fd5eb9175b95129037552]: S. 37(4) repealed (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 (S.I. 2004/2310)](https://www.legislation.gov.uk/uksi/2004/2310), [art. 1(2)](https://www.legislation.gov.uk/uksi/2004/2310/article/1/2), [Sch. para. 48(2)](https://www.legislation.gov.uk/uksi/2004/2310/schedule/paragraph/48/2)
[^key-a4f9dde5617633a2bd51391b7dae328a]: S. 38(1)(a)(b) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/4/2) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-529ebbdf869391f68aa849367199feff]: S. 179 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 5](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/5), [19](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/19) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-0f39dc0b3c88d267660b5d10950d507f]: Ss. 170-181 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 35(a)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/35/a) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^M_C_522024b7-6d9c-4cd7-b4c6-d244d6208f0a]: Act modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 6](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/6), [20](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/20), [28](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/28), [32](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/32) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-86a253ed285558ac590be6a0768ea6b6]: S. 271(1)(a)(i)(ia) substituted for s. 271(1)(a)(i) (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-5b3e92c93edf76b358dab0ac48ce3544]: Words in s. 271(1)(a)(ii) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-b57d2798727e7d26cb27608aa3434c13]: Words in s. 288(1) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(3)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/3) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-9a6fea55112edf10076898907dabfd43]: S. 3(2) sum amended (for the year 2005-06) by [The Capital Gains Tax (Annual Exempt Amount) Order 2005 (S.I. 2005/721)](https://www.legislation.gov.uk/uksi/2005/721), [art. 2](https://www.legislation.gov.uk/uksi/2005/721/article/2)
[^key-fcd2b3a02bb3d3969efa1d11d26e851e]: Words in s. 155 inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Single Payment Scheme) Order 2005 (S.I. 2005/409)](https://www.legislation.gov.uk/uksi/2005/409), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2005/409/article/1/1), [2](https://www.legislation.gov.uk/uksi/2005/409/article/2)
[^key-e5d3a9bb68669551e3c9c2e64f651241]: S. 143(5)(6) applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2442d9310cb62d569e7380e03ef63a95]: S. 144 applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b1895d4f3cb9c833affccd4e4cba7f0e]: S. 144A applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-eabed56e6ae6444a15260b7e5616ee8b]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-841a4ffb78e6551cfe2feb4e60625fe2]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-8ff4773e340ccbaa02ce74db1d2ab1e3]: S. 59(1) renumbered (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6c2dc8d310b30605ba524d97bf871cee]: S. 59(2)(3) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-621c9572b8f9bddcf34d8189bd78b6db]: S. 59(4) inserted (retrospective to 6.4.2005) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/2)[(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/4)
[^key-e2b2c1440600f95aac686de5300dd607]: Words in s. 117(2AA) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-0bb2c6875129ef7c869f075d269803d1]: Words in s. 117(6C) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7e3957c2a3313e0abecfe7df4109a563]: Words in s. 142(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-08cd2cac452caf067b175f7bb77709f8]: Words in s. 142(3) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-5ef5d4c18fb64fbb7084ffc91ac978b4]: S. 151(2) substituted for s. 151(2)(2A) (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 436](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/436) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-a843cbbdfee6e24fb1f5bef1832d38d8]: Words in s. 151A(6) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 437](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/437) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b61df16b8720e76efac2a95369f08b50]: S. 151C inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 438](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/438) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-cffd7ee1b58e7fd0ce9721b1fee5c5f2]: Words in s. 156(4) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 439](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/439) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-bb3fd2855942ab67590c10510598bc46]: S. 241(2) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 441(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/441/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-808cfba0dd8548dcf28b8acc6f6c4037]: Words in s. 241(3)(a) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 441(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/441/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b577061619ea33e2878d9ae5d2ea74fb]: Words in s. 251(8)(b) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 442](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/442) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-4fb8339cce4fc47d6c729381b2117e1b]: Words in s. 271(1)(f) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-48e893e54468a6e4199824249929143e]: Word in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2dc6ff1e2397e66e1fa058cef6a158d5]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-860b90e474130cb47c53e22e811f6c16]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-a36cd54353204b708e839f07095b8d42]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-20e99121813a5b563bf912e73430b576]: Word in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6293ddc09a4d74de16bc3cdf7f14a6b8]: Words in s. 271(4) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-14a58f2756ba02d98d41c78a17e523ef]: S. 261A and cross-heading inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 444](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/444) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2e9ae55f452a3d962281d9ff93dbea8c]: Words in s. 288(1) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 447(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/447/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-e3304a8f076b1a91054a426dd36debfb]: S. 288(7A) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 447(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/447/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-d4dff946ca0cc967da8eece40731e02f]: Words in Sch. 5B para. 13(7)(b)(i) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 450(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/450/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-fbd1316cacb3bd192eaa67221b830ebd]: Words in Sch. 5B para. 13(7)(b)(ii) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 450(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/450/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-87d12f3978da978107100f9c0ae26f77]: Sch. 8 para. 5(5) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6963c670bc9019a6aed0595e303ffb71]: Sch. 8 para. 6(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-1424d5e564762397d3ceca5f4f6747c5]: Sch. 8 para. 7 substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b02e3d3e70a9c414becfda27d2d183e4]: Words in Sch. 8 para. 7A inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7347a3f329bd1189ec92a756dcec0954]: Sch. 10 para. 14(5) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-70107dfe3bd227c4989fbde5e9e6a25a]: Sch. 10 para. 14(16) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2b45dc621db6c351e8db944627b26d3b]: Sch. 10 para. 14(52) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-20f7094616467ebf6ffc8400c25485b1]: Pt. IV: power to modify conferred (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 21(8)-(10)](https://www.legislation.gov.uk/ukpga/2005/7/section/21/8)
[^key-181aacd63ecf4fa6fda597dadf333160]: Act construed as one with [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), ss. 30-33, Sch. 1 by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), s. 41(3) (with s. 45)
[^key-2c3dfb9e68935862fa68a6de5e51ab3c]: Act modified (with effect in accordance with s. 56 of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 53](https://www.legislation.gov.uk/ukpga/2005/7/section/53)
[^key-91db185a81903b56812cf3ba2f5293a5]: Words in s. 119A(3) inserted (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/a)
[^key-d887e85ed58d005d4f471f0c6a8f51c0]: S. 119A(3)(ca) substituted for word following s. 119A(3)(c) (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/b)
[^key-2a99bd18f6cdbc9effe5c5054d2eaab2]: S. 119A(3)(e) and preceding word inserted (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/c)
[^key-53dcf9d9b2ad1d741947e4c7dcf9c17c]: Words in s. 119A(3) repealed (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(d)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/d), [Sch. 11 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/2)
[^key-381ad428114573e31146330b8aa4deb2]: S. 149AB inserted (with effect in accordance with s. 22(5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/3)
[^M_C_726d18f0-c816-4358-f413-d4d3d9c17b94]: Act modified (E.W.S.) (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 5](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/5), [16](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/16); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^key-ffd1062f4016146b0f1420489fc18466]: S. 116 modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 91G(3)-(8) (as inserted (with effect in accordance with Sch. 7 para. 10(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), Sch. 7 para. 10(6))
[^key-f4accc215605765f315155f6b4e99928]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91G(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91G/1/2) (as inserted (with effect in accordance with Sch. 7 para. 10(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/6))
[^key-a58ecde624da71d995ff3c2f21e555c2]: S. 48 renumbered as s. 48(1) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/7/2)
[^key-81ff1942c9e87eecc6c15875c3228536]: S. 48(2)-(4) added (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/7/3)
[^key-a1796becb93c1250449326d69524ab57]: S. 105A(1)(b)(i)(ii) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/3/2)
[^key-5cca57ab5aa88acf3d0a826ae8931406]: Words in s. 116(8A) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/a)
[^key-49ca15cfa608caf229c7211e8db713a5]: Words in s. 116(8A) substituted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/b)
[^key-c5a1a919da8e74aba71426d317c10b30]: S. 116(8B) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/2)
[^key-2565707dbfb63459cefc2e730f8c99a8]: Word in s. 116(11) inserted (with effect in accordance with s. 64(5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 64(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/64/1)
[^key-4733dfd912cf7fd144b8abfdde89baa6]: Words in s. 140A(1)(b) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/3/a)
[^key-a43e89b6a20288598d282590d22991e4]: Words in s. 140C(1)(c) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(4)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/4/a)
[^key-5ab47b611e0816a0851cc18f3ae4fbd3]: Words in s. 144ZA(1) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/2)
[^key-64017824727c00fc93701b588c09f934]: Words in s. 144ZA(4) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/3)
[^key-d70ea01d770ffb20faf5a7c26c89a921]: S. 144ZA(4A) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/4)
[^key-d527ae5c5ed9958a55a2b8f83196c1a6]: S. 144ZA(5) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/5)
[^key-b7c0de1881827f5f517a0ea996a748b2]: Ss. 144ZB-144ZD inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/2)
[^key-ad7cada7cd3778f17effd8f211dd1a22]: S. 149A(1)(b) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/2)
[^key-0646e5b2b6a0e7fd33ed513711164cca]: Words in s. 149A(1)(c) inserted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/3)
[^key-823b40ec3f1ed54423cb5647627a1a9c]: S. 149A heading substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/4)
[^key-5cfea012226951a01cba80768c0d7401]: S. 170(10A) inserted (with effect in accordance with s. 62(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/62/1)
[^key-c035ee62a52f0193ea72ffeea707bfda]: Words in s. 265(3) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/3/2)
[^key-362c51805548887cd44d0b80df8842cc]: S. 275 renumbered as s. 275(1) (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/2)
[^key-c63ccce3c1e7ae2690f829249297d6ff]: Word in s. 275(1)(d) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/3)
[^key-2c63842a1ed9a66a136bd5e4cccd42ba]: S. 275(1)(da) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/4)
[^key-8039f6b7f284108923c32a45f2aaa694]: Words in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/a)
[^key-16eb3f64969ff057109eefac86e01107]: Word in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/b)
[^key-ca283f262447dc943c3ec22495e9af82]: S. 275(1)(h) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/6)
[^key-bd2b7f9c7a8572c730aeb81f041b9bc3]: S. 275(1)(j) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/7)
[^key-78b102eab09cbaa7883ac403b0582438]: S. 275(2)-(4) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/8)
[^key-4b6745ca38d624c1f9e4ec3176eb8032]: Ss. 275A, 275B inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/5)
[^key-c4b83573f9036874ac3fd5fd4a0c460e]: S. 275C inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/6)
[^key-60c8a8eea6ac548ef638ad7e087256fb]: Words in s. 288(1A) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/5/2)
[^key-d2361cee248d4ea86e45bc7800cf1036]: Words in Sch. 7A para. 1(6)(a) inserted (with effect in accordance with s. 65(6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 65(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/65/4)
[^key-0565aab54ce0e40600e05dac621f4ce4]: Words in Sch. 7AC para. 3(2)(c)(ii) substituted (with effect in accordance with Sch. 4 para. 10(4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/9/2)
[^key-1f0737df0491bb7a93c10a2aa4987077]: S. 83A inserted (with effect in accordance with s. 33(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/33/1)
[^key-dd7432083ee709cccc5bd862aaecaa49]: S. 99B inserted (with effect in accordance with s. 21(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 21(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/21/1)
[^key-52033632b5fba14d5e81f6ef779e5431]: S. 151D inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/8)
[^key-1544edc4772c7d1a7ac35459dd3cf291]: S. 17 restricted (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 25](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/25); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-6b04df41ccd957c46b3c6a60fbbfd334]: S. 179 modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 26](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/26); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-f683185a0139b72384d80c8e977298cc]: Act modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 27](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/27); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-955a3d40f92e35ed3f452578c70d0325]: S. 30 modified (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 31](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/31); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-01048abcc8a96dd22190ef9d4907f525]: S. 35(3)(d)(xvi) inserted (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 33](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/33); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-221460fe4023a300f30d282333e7a0ff]: S. 210B modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [35](https://www.legislation.gov.uk/uksi/2005/2014/regulation/35)
[^key-4f6a06ab8801d3d8d2b0ae6798cf6e89]: S. 211ZA modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [36](https://www.legislation.gov.uk/uksi/2005/2014/regulation/36)
[^key-0d8e9a39fd72e414b8c7e1292d600534]: S. 213(1A) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [38](https://www.legislation.gov.uk/uksi/2005/2014/regulation/38)
[^key-c0db2346a8d15d94b571cc6408902047]: Words in s. 3A(3)(b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [106](https://www.legislation.gov.uk/uksi/2005/3229/regulation/106)
[^key-ec8e4b99b8deb7f5b716fe7e9064e9a9]: Words in s. 58(1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/2)
[^key-428191e32d80a0f65132663b38caa99b]: Words in s. 58 heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/3)
[^key-f7c1d9731c082003f3fddb70b7d18343]: Words in s. 150(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [109](https://www.legislation.gov.uk/uksi/2005/3229/regulation/109)
[^key-07abee8dfbbcba1e433e68376797e46a]: Words in s. 162A(5)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [111](https://www.legislation.gov.uk/uksi/2005/3229/regulation/111)
[^key-65f57c27b1a5e4b6b456d55205319523]: Words in s. 168(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [112](https://www.legislation.gov.uk/uksi/2005/3229/regulation/112)
[^key-cec755c594e8119e9392da1924c42f5b]: Words in s. 169D(5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [113](https://www.legislation.gov.uk/uksi/2005/3229/regulation/113)
[^key-a236aa758666fc728b5f3f60eaa26445]: Words in s. 169F(2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/2)
[^key-8b67bc538a4f4078c4ebfa3dd9fb88f5]: Words in s. 169F(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/3)
[^key-66845e9c27111eebb9ce19513271c518]: Words in s. 169F(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/a)
[^key-b1490085234d15f9172d35a98012d11e]: Words in s. 169F(4)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/b)
[^key-94e86246888e4ca3c4caf359953d04db]: Words in s. 169F(4)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/c)
[^key-f82eb97136d72bd186e690e4e8c3f656]: S. 169F(5)(a) substituted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/5)
[^key-9c9c87738ba7d96b501b806aa220c37d]: S. 169F(5A) inserted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/6)
[^key-1587c768f6a4a53295065e040d18ed69]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/a)
[^key-d62f42b347d80e3a70f0d043afb3c59a]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/b)
[^key-a9e78c22abeb0b32c4c2716216816ce8]: Words in s. 210(6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/a)
[^key-357df856f8a127fd7ea9f96eda795a9a]: Words in s. 210(6)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/b)
[^key-138ee8d3cd9ee2d73a5d3b7201a8132b]: Words in s. 210(6)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/c)
[^key-ec40a104f74df7a110302daf284fcd0d]: Words in s. 222(6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/a)
[^key-44815168c27cc69eeaf8947a4accc2b7]: Words in s. 222(6)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/b)
[^key-655bd4e8ceefccba3253db69c100cd5e]: Words in s. 222(7) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/3)
[^key-8ffa75cbeab928df70f8553614bdfab6]: Words in s. 222(8A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/a)
[^key-64523066755880d8390fe6c4c2e45623]: Words in s. 222(8A)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/b)
[^key-bbb77e4db25cd3bcd200d7e138ed86a5]: Words in s. 222(8C) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/5)
[^key-4dbd8fac28da784c3ffd4805a87eece1]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/a)
[^key-2903e89cfc8119b34b46bcc657ee714f]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/b)
[^key-919390423d76bbd97f19b9247f756515]: Words in s. 230(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-009fe0c0e978a148d87b024b405a072a]: Words in s. 230(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-959fea1751bcd816292cd48a7db0f438]: Words in s. 230(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-30a892f47fbbffc87a8254c33e989c37]: Words in s. 230(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-bbea87f5951c56915a126d5b912fec89]: Words in s. 253(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/2)
[^key-5925cc6c7d2bd66ea039228cdfa523a4]: Words in s. 253(4)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/3)
[^key-284b8382b898117ca3c5a93c58abe8ce]: S. 253(14)(aa) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/4)
[^key-8c3519e2b772c580247e0d666db755c9]: Words in s. 286(2) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-28cc695da7fd4b14fed4e3ab7181e95e]: Words in s. 286(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-a8f2a27b56281f4a183390e6c4f8dc82]: Words in s. 288(1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/a)
[^key-90f8695bd96ed0efcd9c4c10fabf283c]: Words in s. 288(3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/b)
[^key-2bd2b3b10626b2209a0edce51ecda0db]: Words in Sch. 2 para. 22 cross-heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [124(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/124/b/ii)
[^key-2bec920e3ce0bf72e41fed8c745f861f]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/a)
[^key-7dcff352bd09ae40fa1b46a901c7ab8e]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/b)
[^key-ed6042b30bdbd55af88f3aaa8c6398ea]: Words in Sch. 5 para. 2(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/a)
[^key-0d16fd5cf65c7fd819665f706dbc4410]: Sch. 5 para. 2(4)(c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/b)
[^key-50408777cee3336d9a53cc371b40737d]: Sch. 5 para. 2(4A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/c)
[^key-9c7fb303505dfb3989e62b45e32c5d41]: Words in Sch. 5 para. 2A(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/3)
[^key-803578974764d3cd763d62e3c499fda3]: Words in Sch. 5 para. 4(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/4)
[^key-f1146dd58014c51c791014abadf93cae]: Words in Sch. 5 para. 9(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/a)
[^key-c5459273a902479e8a60320bc57f6237]: Words in Sch. 5 para. 9(10A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/i)
[^key-4648c94c5fcc9773d392a0540c46c72e]: Words in Sch. 5 para. 9(10A)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/ii)
[^key-f4fcada040ff863c2dc6446f8a6ff203]: Words in Sch. 5B para. 3 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-716a99c79f0d59390f657377a5928315]: Words in Sch. 5B para. 4 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-e763e5ac648191f734263f52938631f2]: Words in Sch. 5B para. 5 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-a96bbe599640140bb713de2b42651d1f]: Words in Sch. 5B para. 8 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-374ec9a2b512b162feb3523df171fbb7]: Words in Sch. 5B para. 12 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-772a3bac5b8e158c7d3c6a2dbbacb33b]: Words in Sch. 5B para. 16 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7459336c4b3a6cd5b89e6b0e13467d8]: Words in Sch. 5B para. 19 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7e65799284ea2ea840e7a1746403968]: Words in Sch. 7C para. 6(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-3ab23046aebdc8201f2467822661c20d]: Words in Sch. 7C para. 6(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-4a436d3d755011577990acc9ecb545d4]: Words in Sch. 7C para. 6(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-ec86535bbcce3df4ca7e4c61669971ae]: Words in Sch. 7C para. 6(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-faf449a6816614d9696c39c83c5097e7]: S. 72(1A)-(1C) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/2)
[^key-417d0a8c95c8c40267367eb47a439684]: S. 72(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/3)
[^key-374b6d870d574cc8cf376adf477ace11]: S. 73(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [31](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/31)
[^key-fb953b82f760f27d427d8afbdf3c3e34]: S. 260(2)(da)(db) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [32](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/32)
[^key-f7fbdfb68f458bc99624f88e07b947bf]: Words in s. 143(1) inserted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/a)
[^key-4846950048fc75975823dbc2a13f08ab]: Words in s. 143(1) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/b)
[^key-89a9e0edbbb9b1065a1e3e6e7be0e1f8]: Words in s. 161(3) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(3)](https://www.legislation.gov.uk/uksi/2006/959/article/3/3)
[^key-6355682a48faa93ad6416edd8c04cf29]: S. 116(10) excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0ba6b14032459260d0d129f24cc05c5b]: S. 127 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-5bfa3b39915446dd9b25912d333c50f9]: Words in s. 99B(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/89/2)
[^key-aa1261f5d601d56cbe306cd3ef641b29]: S. 170 modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [37(1)](https://www.legislation.gov.uk/uksi/2006/575/regulation/37/1)
[^key-53ef311418c362959545cebe189fac14]: Act applied (with modifications) by [Finance Act 2004 (c. 36)](https://www.legislation.gov.uk/ukpga/2004/36), [s. 185G](https://www.legislation.gov.uk/ukpga/2004/36/section/185G) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/6))
[^key-9e4612254eef7b6eff7104cded01cb12]: Words in s. 13(10B)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 39](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/39) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3ed2c5842b1c69be0c9507d14bf16968]: S. 239A and cross-heading substituted for ss. 239A, 239B (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 40](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/40) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-89f31eb80c39efcedcc1c32c0b57bc9b]: Words in s. 68 substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/3)
[^key-5403a8b7f0a178f4a62eb959e46906c3]: Ss. 68A, 68B inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/4)
[^key-86a6b24e4d8c6eac7e0ec38d70545762]: Words in s. 97(7) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/a)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-9360467c31650b3cf0dafff52ee525fd]: Words in s. 97(7) substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/b)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-8453eb195d57c51263fa5c820aca43f8]: S. 97(7A) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-16d0257e5bedcb524bf17c18703346c2]: Word in s. 98(2)(a) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/b)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-65a096b0da797f438eead6f8406bb7f2]: S. 98(2)(b) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/c)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-7920e5923a85db2450cb98c1dbb954a4]: S. 99A(4)(c) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b972799a9013a874dabf17da5c2b8d91]: Words in s. 104(1) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 17(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/2)
[^key-4404088eb89a673ecc5980d467183e55]: Words in s. 109(2)(a) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 18(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/2)
[^key-69414ef7db80f1710c7579bc45ff5f3d]: Words in s. 169D(5) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 19(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/2)
[^key-e55a845e04817c86beb671013f7468bc]: Words in s. 271(1)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/2), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-be5e644334c81e2fb0aed9c4e978db5e]: S. 271(1)(d) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-fec19b8dae2ae2e79edf25c50e921479]: S. 271(1)(g) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-18cb2e3682e4a2d9e9b648e371e72013]: S. 271(1)(h) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-5c7cf06067607028ab5cd5868c04f149]: S. 271(1)(j) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(d)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/d), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-19436f797984be10f31c837f61937936]: Words in s. 271(1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-ac873f0e61eff4e843e00502f0edf127]: S. 271(1A) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/4), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-9a780b0d3ab4b528cac8a4d478ffd5a9]: S. 271(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-30a172f528be5a9f32339aeb56bc4e13]: Words in s. 271(10) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-1bbc86bfe4279552282de80fb6e4c5fc]: Words in s. 271(12) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/7), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7cfcd71bd942ca9607c9e068e6496436]: S. 271(1B) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/1)
[^key-68f6bc9cbadfa0cbb3f6f752c1c83000]: S. 271(1)(ea) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/2)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-b53abf963ae98ed13782b6fb1c22ad58]: S. 271(1ZA)(1ZB) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/3)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-7a2d42d8ee3eb8b21a713340813f20c3]: Words in s. 286(3) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-5cf86ccf9d8af870e2a399adf5ed7136]: S. 286(3ZA) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3)
[^key-350c5f05259b3c3ac8497d3d61a69c33]: Words in s. 288(1) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 41](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/41) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7dcba2f7116ab70aa0307833b2a1774e]: Words in s. 288(8) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/2)
[^key-f55a597bd9c350a93e6a054659656065]: Words in Sch. 1 para. 2(7)(b)(ii) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-4a413e1136ea5847aa084c62f6b4eb2e]: Sch. 1 para. 2(8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/3), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3aea839001c2e470ffb63515637d6cbc]: Sch. 10 para. 14(21) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^M_C_b15eae36-8473-43ab-ceb5-4470e2cac3cc]: Act modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 37](https://www.legislation.gov.uk/uksi/1998/3177/regulation/37), [38](https://www.legislation.gov.uk/uksi/1998/3177/regulation/38)
[^M_C_62e41701-75aa-4af3-d561-fd44b25e89a6]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 11](https://www.legislation.gov.uk/uksi/2005/1907/regulation/11)
[^key-c917f26db2a58d6bd23e70a7823dce0b]: Act construed as one with [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 124-126](https://www.legislation.gov.uk/ukpga/2006/25/section/124) (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 127](https://www.legislation.gov.uk/ukpga/2006/25/section/127)
[^key-71cef109217a1b278f381e78a4bf6eaa]: Words in s. 13(10) substituted (with effect in accordance with Sch. 12 para. 8(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/8/1)
[^key-e73a94609856439293890221f121a1dd]: S. 21(1)(b) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/9)
[^key-a0c1e8ae1dfad44ccdc49199ca5d2048]: Word in s. 60(1) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/1)
[^key-d8eb37e2141892db776f9470cc47eba4]: Word in s. 60(2) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/2)
[^key-1132908d7495052779fddc06c9548223]: Words in s. 63(1) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-4f9fdb5b105790ac33254745996e255f]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/i), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-ee67858c9c9f8aca34463e7651399d04]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-1214cbaf90eb5f19e6bcb61de86b1e8e]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/iii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-aff3cd3dc4091bacb9390758370247ea]: S. 63A inserted (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/2)
[^key-0e1e9b3393e160e4a2b468c2faf9ea7c]: Words in s. 64(1) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/a)
[^key-282a785e2a2617a1bf15b3dcf24e5a19]: Words in s. 64(1)(a) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-041ea87792cac19f955e3c2045f43b7a]: Words in s. 64(1)(b) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-906fb38b6cb0486f680dc35141d33598]: S. 68C inserted (with effect in accordance with Sch. 12 para. 1(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)
[^key-a806ea81214f5c809c33c9666479f265]: S. 69A inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/1)
[^key-efd07206d3accf82170859efcb02fd67]: S. 69(1)-(2E) substituted for s. 69(1)(2) (with effect in accordance with Sch. 12 para. 2(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/2/1)
[^key-15d00ccee30fb18a0d3659311e92d879]: S. 73(1A) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 42](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/42)
[^key-694d13faaa9ee893815a23821711734f]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 12 para. 30(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph)
[^key-681b467391f5fdb0c4de55e7caf6dbd3]: Word in s. 79B(1) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 14(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/14/1)
[^key-17a0d4e1e547bee660a181601506656c]: Words in s. 83A(4)(b) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/paragraph/34/2/a)
[^key-99893e083305518bcfbf4c90bf64ebf4]: S. 83A(5) repealed (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/b), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-ea90c451b29a05e76c4e2604b3025c35]: Words in s. 86(3) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/c)
[^key-56a3855dc6f0462fec8e15f37c494a54]: Word in s. 105(2)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/i)
[^key-ec71b42daa3298a421338ce5ff3a3257]: Word in s. 105(2)(c) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/ii), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-c13e6a6e0768b3ca9f358a762e1a0df4]: S. 106 repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/1), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-11e6989c0fb9f3c9ee2002a1caaab86f]: S. 106A(5A) inserted (with effect in accordance with s. 74(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/2)
[^key-9f912480384964f06f004519fffb2f12]: Words in s. 108(8) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/c), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-d95f9ebec60979a6ca49aa61f3616726]: Words in s. 110(1)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/d)
[^key-ef3f17c7bdf953caf0c58bff3dcab83c]: Words in s. 169F(1) substituted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/a)
[^key-d602770ec315039fec001ee9cd781a77]: Words in s. 169F(2)(a) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/b)
[^key-977784ea48b4e468a0c1341517bf8094]: S. 169F(3A) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/c)
[^key-4489758b268a01e1c20dd00bae8bd535]: S. 169F(4A)(4B) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/d)
[^key-3d082decd0ac04ccab7468838e3052a1]: S. 171(2)(da) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 135](https://www.legislation.gov.uk/ukpga/2006/25/section/135)
[^key-c8556b2e1575a70364012adc1391cc83]: S. 177B repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-0864c10174eeebb6b12254b20e520c67]: Sch. 7AA repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-d6da08db6aa32de3a19f685f51352c38]: Ss. 184A-184F and cross-heading inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/2) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-b413227873daeb9f12c8ef42c76c09f1]: S. 204 substituted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/2)
[^key-1c8214414f5888f2fb4e1b5078c18c25]: S. 212(1)(c) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 137](https://www.legislation.gov.uk/ukpga/2006/25/section/137)
[^key-0683b0440d6987d42466d7e579cb0217]: Words in s. 213(8H) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/a) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-063edefe86c0014a6a9bdcf9a5160df8]: Words in s. 213(8I) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/b) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-8e7649ec012a2d219f10a4b377058bc3]: Words in s. 217(3)(a) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/i)
[^key-2f724fcbdd2122f3796434854ac3db00]: Word in s. 217(3)(a) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-76aca482cde5f1d6c8b56e79e36e6b9f]: S. 217(3)(b) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-fdbf68257fc748410ab8210269342901]: Word in s. 217(5) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/c)
[^key-f28f35a1d6abc8f4178aa718dd6df740]: Words in s. 227(2) substituted (with effect in accordance with Sch. 12 para. 21(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 21(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/21/1)
[^key-116b82679f46a86627f5930bad395e99]: Words in s. 228(5)(b) substituted (with effect in accordance with Sch. 12 para. 22(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/1)
[^key-39660ffad9aa3bd3111ddab68fbac7ba]: Words in s. 228(7) substituted (with effect in accordance with Sch. 12 para. 22(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/2)
[^key-588bc08c228a070f5fc2491a5afa39a4]: Word in s. 237(a) inserted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/a)
[^key-a9c9b69b60c3a75b51ec8056c5e88e85]: S. 237(b) repealed (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/b), [Sch. 26 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/10)
[^key-2e17196bd39b2a112ce6cff9f2886f8e]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/a)
[^key-222857dac8dfe176ca002e63711295c0]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/b)
[^key-c6b55578957975f047ac977335f8e52a]: Words in s. 272(6) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/6/2)
[^key-68634e95f06c391ccd4a2a186d86bd29]: S. 25A inserted (with effect in accordance with Sch. 9 para. 4(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/4/1)
[^key-05013d8802ee37d9bdb84b5858ef28fa]: S. 41A inserted (with effect in accordance with Sch. 9 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/5/1)
[^key-204aae2154ecbfbcf23cc8cb713e4dc0]: Words in s. 283(4) substituted (with effect in accordance with Sch. 12 para. 24(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/a)
[^key-116e0f47dedefd467fba0e34706bb6c1]: Words in s. 283(4) repealed (with effect in accordance with Sch. 12 para. 24(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-3e5e259c00c81869699db145c24c57cd]: Word in s. 286(3)(b) repealed (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-d1f90752707566df5a50ad250eeda00c]: S. 286(3)(d)(e) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/b)
[^key-5624b06d3c01f90b403d3811e7ab2e4e]: S. 288(7B) inserted (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/3)
[^key-d7802c00b941f0e2e09bc1334b7b4159]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/1)
[^key-213ba9f54c22bbb9ba2d0b82776482fe]: Words in Sch. 1 para. 2(7) repealed (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-c7c67dd16f65ee5dca2684c35e82f333]: Words in Sch. 4A para. 5(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/e)
[^key-a0d89cdb844a8013ea3fbab6d1448912]: Word in Sch. 4A para. 7(5)(a) repealed (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-448307eb6cbe601a31e5e59e7134b571]: Sch. 4A para. 7(5)(c) and preceding word inserted (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/b)
[^key-a13f7b465616c9d3be594cfb57f23940]: Words in Sch. 4C para. 4(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/f)
[^key-85658dcf6f46c9838c1f5a9b383f40af]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34)
[^key-515660c94c8f725e8ac2677b0fd4cb00]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), Sch. 12 para. 30(1)(2)(c)
[^key-b907f5c0f267a0c86337bad1b5eeeed0]: Words in Sch. 5A para. 2(1)(d) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/3)
[^key-4500dc68ed6fe217ec6a143ce542b74b]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-1eaa77d9cd8095a1ea7d263d3f23aa6d]: Words in Sch. 5A para. 3(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-68875f2f55a8ab5847592015866d406d]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-32372f9620e85fc2e023395442b3f9e1]: Words in Sch. 5A para. 4(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-320b32f1303f387adfb0ceeb67e62c5e]: Words in Sch. 7A para. 1(1) inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/3) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-bfdbcc1b01762a5278551a00a33a1a84]: Ss. 184G-184I inserted (with effect in accordance with s. 71(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/71/1)
[^key-fb4304e926d8668f252408ddab18ff11]: S. 268A inserted (with effect in accordance with s. 64(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 64(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/4) (with [s. 64(10)-(12)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/10))
[^key-2552df89eb7174e65b36d92bc79f2c2f]: S. 263E inserted (with effect in accordance with Sch. 6 para. 9(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 9(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/9/1)
[^key-49bc12c40bb720f4af5074781f2396a4]: Sch. 1 para. A1 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/1)
[^key-2db54aadd3f5036137ad2ed6eb88f53b]: Sch. 1 para. 3 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/2)
[^key-54f73961895d353bf6526c3d3794b41f]: Sch. 4ZA inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/2)
[^key-d80251065618f2903758426ebe268911]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [18(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/18/1)
[^key-1ddd8174062e7e4d07565623a654a6ff]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 27-32](https://www.legislation.gov.uk/uksi/2006/3271/regulation/27)
[^key-34b7eb5985580da47e3e4527e746a21a]: S. 214B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-e5dcd81616525d23f416ed1f19ec24cb]: Sch. 7B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-d69aa8857443324ae3efb56c5dbec443]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/a)
[^key-71bf6833bbce7457c565fb3febe1860f]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/b)
[^key-591bea0ebdcc7c58e49a1ba792d34bb2]: Words in s. 117(11) repealed (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/2)
[^key-ef78c77c63d44caf19db8e01884aebd3]: S. 3(2) sum amended (for the year 2007-08) by [The Capital Gains Tax (Annual Exempt Amount) Order 2007 (S.I. 2007/942)](https://www.legislation.gov.uk/uksi/2007/942), [art. 2](https://www.legislation.gov.uk/uksi/2007/942/article/2)
[^key-f66e5915616a70cf3ea1e613d324d8c7]: S. 104(4) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 148(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/148/8/b), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0cf498ef47f9edfccdaaf28c31a56b23]: S. 138(2) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 247(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/247/2), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-70580c677b040566e06521016f8ba439]: S. 11 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 297](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/297) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-948953fb5dd295ca928bcb7c0a404c76]: Words in s. 16(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 298](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/298) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2feff715020d36d03b3c157d20c5bf7a]: S. 37(5)-(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 299](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/299) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-53ed34ef213ed43f328a1057a3a56081]: S. 39(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 300](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/300) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e978c1c3ac5e6a07c1766795f780547f]: Word in s. 83A(3)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/a/ii), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-87ba0e80ec0cef282ca32946c06bab95]: S. 83A(3)(b) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/b), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-46141f113740b193b57fcd3724333a4d]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-4e1180e226de2be278fd7229062ac621]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d0e340077ffa725b0dd9b9a6c9b19934]: Words in s. 97(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 302](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/302) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e3ce92fdaabe56de8eb78b9f85fe4220]: Words in s. 98(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-84e98823943e756772b0fc40f5432f35]: Words in s. 98(2)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5fb60119fe2f1032fe1b1692a5d49965]: Words in s. 101B(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 304](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/304) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9f6e207641873576b948e622acec4edb]: Words in s. 101C(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 305](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/305) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dadc3d61b4303486322a7b97d01687b9]: Words in s. 105A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5a2a8e0f954ab38a6fc563d7bc9069b7]: Words in s. 105A(4)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b126f7940a276a1f3d11f174d092476c]: Words in s. 105A(4)(b)(i) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-db56832cba3c19a4f3b051b8bc034ac4]: Words in s. 105A(4)(b)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-facb24d133b394a2e638cf298673bb0c]: Words in s. 105A(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b9ae39234cca75b3a053356e2ae182af]: Words in s. 105A(7)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7289d33fd082003389ad7ba876303991]: Words in s. 105A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-131f9899ad42a8c7acb99aff7af0d074]: S. 105A(9) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9b30d324b27b8ac3cc6f6a9114122dbb]: Words in s. 108(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 307](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/307) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9d00581ee7003e2f7fa20b57c473d5bd]: S. 119(1)-(5) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7dc8ddfad2dd1bd0fc45d34404dcc204]: Words in s. 119(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2224dddcbc5db2f338f60c1144018e95]: S. 119(7)-(7B) substituted for s. 119(7) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-749d5df9f65096ffa88880d2593312a5]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3a4c391e5b9fb2da33d88e65f4d8ba47]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7aa0c7acfd20729164c33493b6124d6c]: S. 125A and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 309](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/309) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3822dc2de0d371355f14140e6c34374]: Words in s. 150A(2) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d6bdc3f4fe56dd884c59a4ec5156ddf7]: Ss. 150A(3)(a)-(c) substituted for s. 150A(3)(a)(aa)(b) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-50f09efaecf7127bc7158869dff9d946]: Words in s. 150A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3b2db4d938f2f4313258c4046a4463f8]: Words in s. 150A(8B)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5e970e8373e269d4dc8df57ecf441753]: Words in s. 150A(8C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6a46e7e962ceec67065565852b4eebfe]: Words in s. 150A(8D) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a6fc77e280b040f4e9cb5b5758afbc61]: S. 150A(8D)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6cf443f6b7246d431a9001d5abde7e6f]: Words in s. 150A(10A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-acaab85a1c8ff57ded79d79d15f0d7c0]: Words in s. 150A(11) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6ccb4c7fff5fd036369e80b40e7ba1a]: Words in s. 150A(11) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ac9654d81aec8f26019de9817d42ce9b]: S. 150A(13) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d1f498212a9160cc323cfe98737c2a0]: Words in s. 150B(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb82e8215d77752bb6693bda5039633d]: Words in s. 150B(1)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e15354f3e88fb8bb4b043480a69dc100]: Words in s. 150B(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-767674dfac08803da6777539b8ce2f3b]: Words in s. 151A(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 314](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/314) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b61a15f03b2948479d2f929f2ed2d289]: Words in s. 151B(3)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d96d4db8f2a958715cf4c183dc6bfc7]: Words in s. 151B(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-133a00e2031eca3661c140d5835d619e]: Words in s. 151B(3)(c) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-16e6ec17d74ca76165dd32747adb15ea]: Words in s. 151B(6)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7f9e507cf3d7a2871f723052a62aa40]: Words in s. 151B(8)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31b457f28cd8a22dd21aee73ffb5e881]: S. 151BA inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 316](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/316) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1a17e2d036b29784c0f98e80858f9d1a]: S. 151BB inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-83d82670d235ea9756a21bfe7c418b46]: S. 151BC inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-819508d28017bc191b8a3cb211a85761]: S. 161(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 321](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/321) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-05cce393ea67995d465839c8ec9cc9af]: Word in s. 169(3)(a) substituted (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/1/a), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-623afaf2abc072dba14221df7288f47f]: Words in s. 169(3)(a) repealed (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/1/b), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-6513f4f1e9a7c0793d33a00c0e5015c4]: Word in s. 169(3)(b)(ii) substituted (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/2), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d884705020cf5539e855a11078cce62c]: Words in s. 169D(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-16ad4e7043dced91aa97c5351046b99d]: Words in s. 226B(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 323](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/323) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eda106cfbaf131e685a965189214f4b1]: Words in s. 231(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-46336397a3e032a78535bdd42aceecec]: Words in s. 231(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-93b654b159c520bfe583fd0b53d0b383]: Words in s. 256(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 326(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/326/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3fd4ed44916522342b804734e2810663]: S. 256(3)-(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 326(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/326/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-83987a394fdba41108192544e6dd1d80]: Ss. 256A, 256B inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 327](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/327) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-14d2a22d943bd767d54081c24937144e]: S. 257(2A)-(2C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 328](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/328) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-114e475e441da9bc64e129ef09833188]: Ss. 261B-261E and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e08efa395b8032427391fc686fe39626]: S. 261F and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 330](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/330) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ea13fa4b28101ba6de86bde1abe3c30c]: S. 261G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 331](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/331) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6bf2a96347587aed6ccdfa9f9dc1ea7b]: S. 261H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 332](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/332) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1e80133321e63f0d924dcfcc41ca0fdc]: Words in s. 263ZA(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-76e74741202de84ad7ed7499146d212c]: Words in s. 263ZA(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d5e27951cd5cc84901ec479e6dbbd393]: Words in s. 263ZA(1)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c78e7cc73aac4df6baa0b64ec26c5879]: Words in s. 263ZA(2)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd1999a7bc1582aff628fea9dd635a61]: S. 263ZA(2A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8ca693a40feb1c45b41972fe7e0ce4c3]: Words in s. 263ZA(5)(d) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-69c0308bab58578f117760efcfb70e5e]: Words in s. 263ZA(5)(e) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-602e0f9f5b76b91aa6fad891be116ca7]: S. 263F inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d440a5f7c8041ab46f43f6007c83ee5]: S. 263G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 337](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/337) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5dd1e61ddefa34e491246610dcbedb0e]: S. 263H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 338](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/338) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-66b6d21cc392cb56b89493c43e80e82c]: S. 263I inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6270021c8d4b848b8a7df959217ab404]: Words in s. 271(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bae19b2ec1c7a5199062018ef42832f6]: S. 271(7A)-(7C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ffcb03320186c004ac6c4abfcb74fb22]: S. 285A inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31af7d60581bcaf5b6348fbad44c2acf]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2920215dfb2fc2f8a0164eb5a6da7f6f]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-94f77f734c40903a37e1a79da7944d9c]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-de6036034dcbf872ce293e4169f9773a]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eeac1af44c04c74891786b27dcc825ab]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-24d4e9f2199e5f0dfc9ea036edb9d352]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e2966f50165255cba98a4849e46cf376]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7d30f08fcaf0cb8850ba5fc9426082e5]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-42407f2420a37363b5d5308c3bb54d34]: Words in s. 288(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4c7fb45e447d8f9e0b8b3e7dd9893a57]: Words in s. 288(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e077bceb98fef254dc7537f2bfdc4beb]: Words in Sch. 1 para. 2(7)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/38), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-bc1c8c1b663b7c1cf4334a895f5be87c]: Words in Sch. 4A para. 5(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 39](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/39), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-420d5ababd9a42ac37cbf8661aeba06d]: Words in Sch. 4A para. 14 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/344) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2736ddfc9af0e59f5744002092f466ba]: Words in Sch. 4C para. 4(1) substituted (with effect in accordance with Sch. 12 para. 36(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 36(1)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/36), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-038e221983afbf40eb3269b3be05699e]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-83a6e7df241544bb62856a13988bc9a1]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-b7f7a45a0c9d1b33d332bb5724820d79]: Words in Sch. 5B para. 1(2)(e) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2e3ac68aa863cdcbc318a0d1ed80112b]: Words in Sch. 5B para. 1A(5)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-01e8f7906ce02e4ff5b36f53f98eac71]: Words in Sch. 5B para. 1A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a3bd7333096ed03905e9366edffa1ead]: Words in Sch. 5B para. 4(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-901358e01860acb392f20baeeba123f1]: Words in Sch. 5B para. 4(4A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ff11f373cc2c396d5b23bb8d90ae2d70]: Words in Sch. 5B para. 4(4A)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9204b1211ebcf0d8b15b5c5dcbaf26a1]: Words in Sch. 5B para. 4(4C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d9e64325af643909b501230ac2469ef]: Words in Sch. 5B para. 6(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-28a28aa1623ed5a867018c686d8ceda6]: Words in Sch. 5B para. 6(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7d9c1e94ce232e783c0bce2451ae15e]: Words in Sch. 5B para. 6(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-377b778d982cec23be97f00ec1484623]: Sch. 5B para. 6(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-400bc691b1198de2f81a358d5a6f2406]: Words in Sch. 5B para. 7(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-45af63bf13606e77d6bac08ef75c9d66]: Words in Sch. 5B para. 7(1)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bd9de31b6a759b43f3cb0ebd86c3d0af]: Words in Sch. 5B para. 8(1)(e)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ee7d5256cdfa83cb9df66fbad97461aa]: Words in Sch. 5B para. 8(5)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8eed742243f940e145bc4b3a2315cb76]: Words in Sch. 5B para. 8(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-610f1b0727b60e73dd7e6815cfdb89ff]: Words in Sch. 5B para. 9(4)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(8)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-22a7256b39ac3ebd13e39119f033da31]: Word in Sch. 5B para. 11(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb221b5997ec38515837ea8e54bfa834]: Sch. 5B para. 11(5)(b) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da97109a38a1175ee21fe07b2aaceac5]: Words in Sch. 5B para. 13(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-15d98d2bbd71fdaeb158f328f146d8f7]: Words in Sch. 5B para. 13C(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-aac5b866fbf6b02b00e388f63a2c4119]: Sch. 5B para. 13C(4) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-574dd4d9e59fab03be8776abfe72cfe5]: Words in Sch. 5B para. 14(3)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8de562546b2893fa3f91f032917fb6f0]: Words in Sch. 5B para. 14(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8fb9c7d11b1fa71472d01d34ba761784]: Words in Sch. 5B para. 14(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4e75cf0319726d7466780595d8b02aff]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6d8f1eb10890f01e6cebde2c84fcb99]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6f832ca411e0dcb6b723a7248640867]: Words in Sch. 5B para. 16(6) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-370dfbf9ce61ee747ec29423b4ae5af6]: Words in Sch. 5B para. 16(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c8d52de39d4c9fd9f8e8a29500d52c5d]: Words in Sch. 5B para. 16(7)(aa) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-faaf8a880ec92bf0b7c0573e04f1609c]: Words in Sch. 5B para. 16(7)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ec904ac70e8639f9e618d8ac346d2923]: Words in Sch. 5B para. 16(7A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-745c45a6ad08d4afe3beb74e4e4471bb]: Words in Sch. 5B para. 16(7A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3c181276bc2dfdad4625665652e45a2]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-155b1112d1e7dc0f7b19e4fc41a3f87b]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dc717a520bbaf59b6474144edd513a8f]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8c350b188b7268584c60307575c9a34d]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-00d3109e72a27dbe054e847b61192f90]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4429b1a0ff65ae1a86819f21fff980b5]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ce273f28f5eb006b09d9f55a05073ffe]: Word in Sch. 5B para. 19(3) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c338e2cd34ccf982613ca324c5e9f1b0]: Sch. 5B para. 19(3)(d) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6c5849bbb31231d432ef4136793e6ad6]: Words in Sch. 7C para. 2(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2dd24a7e739935c6b872b655a5fe02ab]: Words in Sch. 7C para. 7(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c85411593d50c378e8f56dab0db1a990]: Words in Sch. 7C para. 7(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-33ec912cdab4c2af3e73a3c81beafddd]: Words in Sch. 8 para. 5(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 349](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/349) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3799922156a44f0575d5f8beb95ccc7a]: Sch. 10 para. 14(35)-(38) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a9727cc1f7b57460a26acb8c7076108b]: Sch. 10 para. 14(50) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd7a1c96b7dce0f115fd66ef49f4f0b9]: Words in s. 8(2) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/a)
[^key-2fcaf172b72358b8a07270daea70322d]: S. 8(2A)-(2C) repealed (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/b), [Sch. 27 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/2)
[^key-056ede730c89d72f9f1f9f68d02e0f2e]: S. 16A inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/3)
[^key-9077b0e00108e6e57833db36186043d8]: Words in s. 130(1)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/a)
[^key-4c51abdf3fad831514517509db0d8dca]: Words in s. 130(1)(a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/b), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-a8adcd27a61ff9123237f728970a1544]: Words in s. 144(8)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/3)
[^key-4fdd970eac2d5a902013ddd4a98a7302]: Words in s. 146(4)(b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/4), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-8289bc7b94570c84db95f56eca978051]: S. 171(2)(db) and preceding word inserted (with effect in accordance with Sch. 5 para. 10(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/10/1)
[^key-cd9c35bc069ea8f359772829e82c030b]: Words in s. 184A(2) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/2), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-c796a0782cc6beb8974156f844872543]: Words in s. 184B(2) repealed (with effect in accordance with s. 32(8) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/3), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-71d9f9fae6e02288a94aae505a0b5f1a]: Words in s. 204(10) substituted (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-96a4f3a3e440b0f5942996bcf2db534d]: Word in s. 204(10) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-6a0f84f86c6792d337fb9b0ca6fcd6dc]: S. 210B(6)(b) and preceding word repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 62(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/62/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-3b66fd9ea588d2ba1e339085854b4de0]: Words in s. 210B(6)(a) substituted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/2)
[^key-14c244baa2930c0f6fec076416f6607c]: S. 211(2)(3) substituted for s. 211(2)(2A) (with effect in accordance with Sch. 9 para. 17(1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/14/2)
[^key-8f3a318a03c7c185d5e003736f8ecc93]: S. 211(2A) inserted (with effect in accordance with Sch. 10 para. 17(2)(3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/4)
[^key-a3f63e26ffd7fc18cf9f5afae46ca1df]: S. 212(7A) repealed (with effect in accordance with s. 39(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/18), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^key-5216b99db2c51ed3df27835fddbeb364]: S. 212(2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-1fba020a42808bc15cd830cb38265b2f]: Words in s. 213(1A) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/64), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-0efe07a6684bc7806a4c5b734b6307c6]: S. 214 repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-b86463c80d41b5cb842367046c8664c0]: S. 214A repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-be7475d063eaec1978b90e3eb609bdbd]: S. 214BA repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-fb5926d2994fa16d11f24680e5cb3c6e]: Words in s. 263E(2) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/2)
[^key-c1c8dbc7dc10eeb4e680a118b8e9e806]: Words in s. 263E(3)(a) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/a)
[^key-849cab974f4c7478c150068d352d5a4a]: Words in s. 263E(3)(b) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/b)
[^key-4fc6010884142830009761a8fd679a4b]: S. 263E(4A) inserted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/4)
[^key-3349df9fe0c4c8c5cce1aa3d7344d8e8]: Words in s. 263E(5) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/5)
[^key-c65a6a505bc11467f15d7980b931299c]: Word in s. 273(2) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/5)
[^key-b77fdf7ea13b58fb6c67dd7a1f8e8371]: S. 285 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/6), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-f10b81042a786ba7d08406c49fa6a0eb]: Word in s. 288(1) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/4)
[^key-e1b9b7d5f607fec776743ca3386d8771]: S. 288(5A)(5B) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/3)
[^key-4ba169046c13af129b109c239aac7cd9]: Sch. 5B para. 1(2)(da) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/a)
[^key-743ce9d3a87a87dcf92d497fe9f38ade]: Sch. 5B para. 1(6)(7) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/b)
[^key-de1e628036849cb1a858cf1e19303904]: Words in Sch. 5B para. 1A(1) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/3)
[^key-7b0ae9812aeb2ec22ddc509e03b132fb]: Sch. 7AC para. 17(4A) inserted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/5)
[^key-3491cf7c6bb93f5fe1e07aef3b3bf800]: Sch. 7AC para. 17(5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-6395858e695ad5df63420f0fac90461a]: Sch. 10 para. 14(25) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9)
[^key-217cfcb0fbe2d0673038dac7cd091040]: S. 210C inserted (with effect in accordance with Sch. 10 para. 17(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/3)
[^key-7797bfcf38e1482d76ce6121f0ee3394]: S. 263AZA inserted (with effect in accordance with s. 21(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 21(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/21/2)
[^key-b2e6dcb2d17d2a4908734124cbe31b1e]: S. 210A modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 34A](https://www.legislation.gov.uk/ukpga/2000/17/regulation/34A) (as inserted by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [27](https://www.legislation.gov.uk/uksi/2007/2134/regulation/27))
[^key-cd4dcd1c6f2b5273fa053d530c20eff4]: S. 212 modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2145/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2007/2145/regulation/13)
[^key-3e64a4f857ed14ad26a4b8a2ac88ef63]: S. 212 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), regs. 1(1), 37 (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), regs. 1(1)(2), 28)
[^key-076babb0e7754d0e4b36fb4d5b3fa76e]: S. 263A applied (with modifications) (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 2007 (S.I. 2007/2486)](https://www.legislation.gov.uk/uksi/2007/2486), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/2/2), [4](https://www.legislation.gov.uk/uksi/2007/2486/regulation/4)
[^key-56794ad11a72a04e1ff258010c1bc24e]: Words in s. 263A(1) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-b6fc99cc4c76957bda74488f6e091d9f]: S. 263A(1A)(1B) inserted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-aead818fe576351dae83e7bdcc6409f5]: S. 263A(2) repealed (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-ee90a843227aca9ad665d495a373a211]: S. 263A(5)(6) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-888ae586dc33d39f33cac340b744f53d]: S. 263A heading substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/6); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-af5dcbd007c751d627722d9a06090b6e]: Sch. 7AC para. 12 substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/13); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-c5eef811781ebaaf7b58b889a0221762]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-a79432940c5ea4ceb97b0c65ad40b1ef]: S. 122 excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [S.I. 2007/3186](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-d66b3e0759afc59d6b16b2f027e05d12]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-7039ca5a0af04bd43d7ff65b8ea05654]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-73fd5cee2ed53564a2bfc3e2997091da]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-b3c95df834e9e61ae9e8748b47f056d1]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-9ffd178aa878f0ca954c883a60060552]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 85(1D) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 21(2)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/21/2) (with S.I. 2008/1579, reg. 4(1)))
[^key-f241f3415fd984f032d31d5c6b286c02]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-e1911f910e3dc1230e67190b50e5d09a]: S. 122 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-30fbee062500225890bcdda9314a473a]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b1784ace7689fa8328386ab614e1cc7e]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-90067f644c649d66b480561076a20f85]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-cc41e47302232e0e735b34e3a5fd73df]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-fff044c9ce9461ce44e9beefeb6dad83]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-201840b197436af671cd0bcffb0d474a]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-6d70671369a8ba260d1a754bb95c586a]: S. 116(8A)(8B) ceased to have effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), Sch. 1 para. 10, but that ceasing to have effect deemed never to have had effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), regs. 1(2), 5
[^key-afa69daf33c77f264612116a58aef6a3]: Ss. 140E-140G and cross-heading substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2)
[^key-0f4da9a080f321c47bb5e886ddccd369]: Words in s. 24(1) substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 3](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-cba6ca5abfb9e328ceb4d38ba386fe9b]: S. 122(1A) inserted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-60dac21b3fa6e11a77096f37a0ccea46]: S. 140(6AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-180234dd7ab85d6d9373182a2553ce9b]: S. 140(6B)(6C) substituted for s. 140(6B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6e97322b12136a80576b255486f1dd53]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-620922443405fdfc04fd77d46ee42c60]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6fbc74e91b8ffb582775165e2b4d3b61]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-80baf780e084e7d62b613033f9b1cd85]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-5d65c17f8a4edb9b03d0c96e5068b869]: S. 140A(1A)-(1D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8cc2fa047f601c5b4e99f9e7e5ed0e2b]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-77abf447b756c049f99a2fc8b9b889ec]: Words in s. 140A(2)-(4) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ab5c55788eb90902d6dbe7c02cda1267]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-253550307a45f3d913f4f317c5e176b0]: S. 140A(5) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ae53eb3c98131ab502245576cb6293b7]: S. 140A(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-92febe9c06a7ac3485b1669b9863e934]: S. 140A(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-75b0b074dd5ecde46a859a13fd356aab]: S. 140A heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(7)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-91c30ce17e941c225267378b9f93df7f]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-42caa3695598091039bbe06727a2f739]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-74a0f73a956de1b3f6ec10f2729b5d98]: Word in s. 140B(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ca123517a7e61533ae247b13dc9c6801]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8a4f98d3534c2cdcf74ed2c5229318a3]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c0feeac2686c7621c997db6132cb79d1]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c810a68f949ff73ea3105498b606fb8e]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-93380861d528f345067e1b3d211d4e99]: S. 140C(1A)-(1C) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-2b0b2f8dae796525c4582d5f00839d8f]: Words in s. 140C(3) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-602662127973a4b508b2b0861adeb85a]: S. 140C(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-caca8b1c207e1b15dc3085dd84841987]: S. 140C(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-365ed0ef35805ebcc93bea90e4e6a496]: S. 140C(9) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-bf0c8182a2a3b8a84c39cbe38531a4cb]: S. 140C heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c991879ddb7554e6a87b2d1f20586c4c]: Words in s. 140D(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-18d2250f085026986be272d07bffe088]: Word in s. 140D(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-1b682de7630c13cb63bca03a9040b444]: S. 140DA inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c3931a3fbf29b771177918e042ddf65c]: Ss. 140H-140L and cross-heading inserted (with effect in accordance with reg. 3(3) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))
[^key-1d5db424b821fe328c993ec7280d0bbb]: S. 154(2A)-(2C) substituted for s. 154(2A)(2B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-965e84be1f1872420ca198b3334370db]: S. 154(2D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-22ad1d082586003311cdec9946eee8a6]: S. 179(1AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 9](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/9) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b433fec9eba858cd37e7295b95c6e983]: S. 179(1B)-(1D) substituted for s. 179(1B)(1C) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-d49f73f413ed9c7e6c0ae6facea03483]: Act modified (21.12.2007) by [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [s. 66(2)](https://www.legislation.gov.uk/ukpga/2007/17/section/66/2), [Sch. 4 para. 9](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/9) (with [s. 6(9)](https://www.legislation.gov.uk/ukpga/2007/17/section/6/9)); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule)
[^key-cc9c9c4168d08c773e8f04e36612e770]: S. 171 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/9/2)
[^key-7a8d299bd69a46c34a12f57d79c73e48]: S. 211ZA(2A) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(2)](https://www.legislation.gov.uk/uksi/2008/381/article/28/2)
[^key-c0f88de45213355acccc9c0d55e4863b]: Word in s. 211ZA(3)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(3)](https://www.legislation.gov.uk/uksi/2008/381/article/28/3)
[^key-704f4869a5d10d0c2a081bb377d495b4]: Words in s. 213(5) substituted for the words "assuming that the transferor had continued to carry on the business transferred after the transfer" (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(2)](https://www.legislation.gov.uk/uksi/2008/381/article/29/2)
[^key-ce62aeeec6cec0227b028cdc6d1e550d]: S. 213(5ZA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(3)](https://www.legislation.gov.uk/uksi/2008/381/article/29/3)
[^key-453708dd55b662492fad9453f213e720]: S. 213(8A)(a) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(a)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/a)
[^key-8f570571b45cc1744ad6e6af1ff55f6c]: Words in s. 213(8A)(c)(d) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(b)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/b)
[^key-b7e8571a66bc1f2b18067f4134807df8]: Words in s. 213(8B) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(5)](https://www.legislation.gov.uk/uksi/2008/381/article/29/5)
[^key-26ea46fc9676aec71f222a9e1e1a5f9e]: Words in s. 213(8F)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(6)](https://www.legislation.gov.uk/uksi/2008/381/article/29/6)
[^key-b3f1ea09bb8025fcfb569ec973ba7b72]: Words in s. 213(8H) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(7)](https://www.legislation.gov.uk/uksi/2008/381/article/29/7)
[^key-cfb4eb658a2d382669d1003d7183598e]: S. 213(8HA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(8)](https://www.legislation.gov.uk/uksi/2008/381/article/29/8)
[^key-49207fe08e5b8a4408ae8ae361896c7f]: S. 213(8J) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(9)](https://www.legislation.gov.uk/uksi/2008/381/article/29/9)
[^key-4e6abf746bc5d534f14168463f7c4f0a]: S. 213(10) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(10)](https://www.legislation.gov.uk/uksi/2008/381/article/29/10)
[^key-4e2a82806e1b181bc81cc4a93bdd6280]: Sch. 5AA para. 5(a)(i) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [17](https://www.legislation.gov.uk/uksi/2008/954/article/17) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-d4da516005cabd70660ed4585d919d4b]: Words in Sch. 5B para. 14(5)(a) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(2)(a)](https://www.legislation.gov.uk/uksi/2008/954/article/18/2/a) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-27e277657dba0a1402751edfd8280c77]: Words in Sch. 5B para. 14(5)(b) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(2)(b)](https://www.legislation.gov.uk/uksi/2008/954/article/18/2/b) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-8d95e400a51d8afc185af0d7aba01e66]: Sch. 5B para. 14(6) repealed (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(3)](https://www.legislation.gov.uk/uksi/2008/954/article/18/3), [Sch.](https://www.legislation.gov.uk/uksi/2008/954/schedule) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-9dc3f7925ad824a2cb3b88907521504d]: S. 140A(1C) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(a)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/a) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-d10855e704644c10d400e684f6e7c951]: S. 140C(1C) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(b)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/b) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-24e54b00d945ea5587244cf92df213d2]: S. 140E(2)(d) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(c)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/c) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-db5bc05e20f4708735cbbdbe26523b31]: S. 140F(2)(e) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(d)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/d) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-0cb1f37dfd31b9eb36f9b28deffaf15b]: Words in s. 116(8A) inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/2)
[^key-fca226c24fb8dcfeb40c49aef27166a3]: Word in s. 140F(2)(d) omitted (with effect in accordance with reg. 3 of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/3/a)
[^key-91a9b792a6fb8e18756abb3bef589410]: S. 140F(2)(f) and preceding word inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/3/b)
[^key-76cf6cd864206a395a9e9a2ee9fbd1c5]: S. 140GA inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 4](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/4)
[^key-ac3a16fa88a9813952c0a9968bef4e17]: Words in s. 140I(1)(a) substituted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 5](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/5)
[^key-74e50a668d28f83a221a32da5ec00aad]: Words in s. 140J(1)(a) substituted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/6)
[^key-7967e8e224dce50fea3be6254981126f]: Words in s. 140L(1) inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/7)
[^key-6f040b2bdbbcba539e5eb40e71724230]: S. 12 applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809F(4)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/809F/4/6) (as inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/1))
[^key-867f946a4c07f2f8986f520923bb98e2]: Ss. 87, 87A, 87C-90 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-499e27210c1eb59de549e95002357ddd]: Ss. 96-98 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), Sch. 7 para. 93(3))
[^key-86dae35873daed2da5e53fa1fadaa694]: Sch. 4C applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-6a8115e67950f7f9515d9a638916eb4c]: Ss. 87-89 modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 125(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/125/2)
[^key-1d9a79f7761623f9fc87a84ecc3ff785]: Sch. 4C para. 8A applied (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 126(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/126/4)
[^key-e2a08164eb5f6b41c2deab13430f0a7c]: Sch. 4C modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 152-155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/152)
[^key-2dcc6fc7ec24769919ca97277b57823e]: S. 2(4)(5) substituted for s. 2(4)-(6) (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/2)
[^key-bcde2ebeffaf1654f599badac37ce6f0]: S. 2(7)(b)(ii) and preceding word omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/a)
[^key-c7d2b7dc6fb2a428829f7a0dff219333]: Words in s. 2(7)(c) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/b)
[^key-9b84ac4ee52f083d51ac8833bcd9357b]: Words in s. 2(7) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/c)
[^key-dca92d72c4cfff4270df545fd68deacd]: S. 2(8) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/4)
[^key-1d7a0b6cb392f95f06af4df1f45707b2]: Words in s. 2(7)(a) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/2)
[^key-8134211a9b04cd9b4491f3e21274eded]: S. 2A omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 25](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/25)
[^key-78953e17937ef9e1ffa063f4f277c035]: S. 3(1A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/2)
[^key-7e347768960192a3217dde79335ae01b]: S. 3(5C)(aa) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/a)
[^key-e32c9a0eae7ea9a49a82680400d91c89]: Words in s. 3(5C)(b) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/b)
[^key-f441b94f1b23b8c65a3efc779b2f48c9]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/a)
[^key-d27060d276a4c9a743ad0f642e222403]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/b)
[^key-3cde6ce754019cbf5a8dcd166bf378c8]: S. 3A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 57](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/57)
[^key-186a3137f986751d5c848b0d6e04fbd1]: S. 3A(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/a)
[^key-cb3db0e313c9cadeb76e839c7b56b72f]: Words in s. 3A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/b)
[^key-535824dad4b93f920102fa680e8b7c1b]: S. 6 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/3)
[^key-6a0d591d5606700b8308114d5b3946bf]: S. 12 substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/60) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/2))
[^key-a4e401c940ccfae0fbcd8a36cc2f4d94]: Word in s. 13(2) substituted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 103](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/103)
[^key-0a4c00069adafdabc13904b90e3cb095]: S. 13(10A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/28)
[^key-ac2c015ebbe0cbb416afa788389151a7]: S. 13(7A)(b)-(d) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/4)
[^key-e098c81ec4c2001c61aa8d3c9c4ba172]: S. 16(4) omitted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/61)
[^key-fe30d7ef5c4c1c810669f6740ba57473]: Ss. 16ZA-16ZD inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/62)
[^key-dd4cf5e0fafb93f8823aba3ccfc3a778]: Word in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/a)
[^key-2a547a56d2ec6f169ec09540f91be18f]: Words in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/b)
[^key-dbd707be01cbb35febdc4fc07e29704a]: S. 35(2A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/3)
[^key-c4f977b26551794ab199d5f850a19fd7]: Words in s. 35(3)(d) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/4)
[^key-4cfb092ddd1a1c535704c544797a467b]: Words in s. 35(4) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/5)
[^key-5c916dc561998482efad8aa5607dbf93]: Words in s. 35(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/6)
[^key-0ea2180221b0f7096700dc904a8c9e74]: S. 35(6)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/a)
[^key-2de04e999fb06040f0376e91df35ea87]: Words in s. 35(6)(aa) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/b)
[^key-ee45f53315fca6241865ff0d40da16b3]: Words in s. 35(6)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/c)
[^key-bcb5098bf993441a9034ad6808d827d5]: Words in s. 35(7) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/8)
[^key-c55a085df4e6b89df2db7ba6775991d9]: Words in s. 35(9) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(9)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/9)
[^key-1188f11ddfbbf75cecc8f95687a30721]: Words in s. 35(10) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(10)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/10)
[^key-bc71cee45857c8d2b9be775d8ee26957]: S. 35A inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/59)
[^key-e4262ba6b241e8d7f295427884d88577]: Words in s. 36 substituted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 73](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/73)
[^key-416337d4f27bd9cff248e443e622a146]: S. 53(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/a)
[^key-00557364800664b51ef118ad01bffe09]: Word in s. 53(4) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/b)
[^key-f2cf57f71c3c249ee72c1b3f9a6f946f]: Words in s. 54(1) substituted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/2)
[^key-bfa4bc688cf3e077ca15fa255fd2c55a]: S. 54(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/3)
[^key-664bd08722c50624f5f8e4dbc3375288]: Words in s. 55(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/60)
[^key-55525e0f6b137b312e2edd7627c3e5f6]: S. 62(2B) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 29(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/29/3)
[^key-0fe6f7f96514ac9b37f8b90b1d1223f8]: Words in s. 73(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/61)
[^key-deaa7729756687864a872739bb99dc1c]: Words in s. 85(11) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 107](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/107)
[^key-aba384ce55cf870603e02f74c3029e85]: S. 85A(2A) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 129(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/129/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6e93ee211c2049673cc5e41fb35b4066]: S. 85A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 129(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/129/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-41cf4414cf2be59f41e5405167e103fc]: Words in s. 86(1)(e) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/30)
[^key-a6cca5dc39216eb5513f879c19749fd0]: Ss. 87-87C substituted for s. 87 (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 108](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/108) (with [Sch. 7 paras. 116-119](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/116))
[^key-980b22bdd18817502efbb7436a0364ad]: Ss. 90, 90A substituted for s. 90 (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 111](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/111)
[^key-1c5889fad469d995581ea9825a04211f]: S. 88(2) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 109(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/109/2)
[^key-9958af93ae9ae62498c4c944f0143340]: S. 88(7) omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 109(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/109/3)
[^key-7a83def42847bcf6c6631c7afa5d400c]: S. 88(6) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/6)
[^key-5641961ec141176924d233f0445772e8]: Words in s. 89(1) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 110(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/110/2)
[^key-c950a5227992da1be87bc4464d88778e]: S. 89(1A)-(4) substituted for s. 89(2)(3) (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 110(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/110/3) (with [Sch. 7 para. 123](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/123))
[^key-f2559548c83d41ced13f9a8059b653d8]: S. 91(1)(1A) substituted for s. 91(1) (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/2)
[^key-b73f47b9f8c6bdb90d87c5087d8b1000]: Words in s. 91(5)(a) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/3)
[^key-cbd2dbb27a321d01bb2b55ffd2141f76]: S. 91(8) omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/4)
[^key-2073dd6ea6888c1faec929379c752f64]: Ss. 92-95 omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 113](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/113)
[^key-0e1dc2fdc263c82f7276bcb7df6f8177]: S. 104(2)(2A) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/2)
[^key-3d460a8b9c60cf9d990a8cd23fb6c61d]: Word in s. 104(3) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/3)
[^key-a0e24c147791ac4d608f47522174ca8e]: S. 104(3A) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/4)
[^key-6d9be9d498c7ccdcfd7e04b279d94b63]: Word in s. 104(5) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/5)
[^key-60c04631c93dad791e84fda3a9c438f9]: S. 105(3) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 86](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/86)
[^key-b4f84c0ab410d702b255346680ad72da]: S. 106A(5ZA) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/2)
[^key-f9bc07bf2199187c85e28c0a4ac138d1]: Word in s. 106A(6) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/3)
[^key-b265f0dbd334ac74c5225cc6cdc2deb6]: S. 106A(7) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/4)
[^key-92cc12d99d2cca0c120161513664f7a5]: S. 106A(8) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/5)
[^key-2a4b9278a2b8121bd063dfd07907d774]: S. 106A(10) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/6)
[^key-6cf796a79c1c20db956e9db05c2696cb]: Words in s. 106A heading omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/7)
[^key-bd656cdb2f3abdb2cb3862462ab1c6e6]: Words in s. 107 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/88)
[^key-34c24f5969f92d94456bb42bc9f87df8]: Words in s. 108 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 89](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/89)
[^key-a5ed701c46e67424c31e225b9914b8a0]: Words in s. 109(1) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 90(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/90/2)
[^key-cf58eeaad40abe2e5bd21844f8c2c0d8]: Words in s. 109 heading substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 90(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/90/3)
[^key-25c1e9955bf11bd8cf9466fdfc58e33f]: Words in s. 110 heading substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 91](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/91)
[^key-60088ccfc8e8c78a3899dc6fcb770c5a]: S. 110A omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 92](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/92)
[^key-be9144c7827a5159dc0c9dca424bf439]: Words in s. 112 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 93](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/93)
[^key-84e5484d69729ab542aa574a6a44d5c7]: S. 113(A1) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 94(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/94/2)
[^key-4ae2dd9ad809d0622b522bb06fdbcf43]: Words in s. 113 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 94(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/94/3)
[^key-aeaccd9db3588382ab4d1f23a6d3559c]: S. 114(A1) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 95(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/95/2)
[^key-b6be83529fab897da253fa718b311dcb]: Words in s. 114 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 95(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/95/3)
[^key-bdbf6b8e60c63f78dba551e719911d85]: S. 119A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/63)
[^key-58eb043d1aef907a558338dae1205af2]: S. 119B inserted (with effect in accordance with Sch. 7 para. 80 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/64)
[^key-22195a7fc6bd0d9651ca272d2b40de68]: Words in s. 145(1) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 81(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/81/2)
[^key-6b69033148ef402431148a3366f86357]: S. 145(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 81(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/81/3)
[^key-44ad5db9ee28a7544482ce6e8295d5ba]: S. 149AA(7) inserted (with effect in accordance with s. 49(9) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/49/1)
[^key-377bd8aba6e02621e44e3d3ab2777764]: S. 150D omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/32)
[^key-632ecd9ceeaf0ea91c792e131bf7e4f9]: S. 165(8)(aa) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/33)
[^key-5711249d7faa45095a90d907c661ff4e]: S. 165A inserted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/34)
[^key-fa68486822f0aab456622af75ea05050]: Words in s. 175(2C) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/62)
[^key-23360346a0aacf83edb9c708e595020c]: S. 214C and cross-heading omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/35)
[^key-636659d7ef7f8c19ed54e3303f46b26e]: Words in s. 228(8) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/36)
[^key-f313c18685f203cc69e9098a865d9e43]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/37)
[^key-bac671254d47cd3bafc3ba7e2c382860]: Words in s. 241(3A) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/3)
[^key-a7a185309050fcb204723125eecfb707]: Words in s. 253(14)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/38)
[^key-60dae785482e6e22ae8a8d4c1878a18c]: S. 261C(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/39)
[^key-fadd1be5762e6275d7a83362e59d47bb]: Words in s. 274 substituted (with effect in accordance with Sch. 4 para. 9(4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/8)
[^key-29d37149a829339fa95f524ecf7f2b30]: Words in s. 279(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/40)
[^key-10c973e613d084684c06c331a82b01de]: Words in s. 279A(7)(b) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/41)
[^key-4f59cb5fcf8cb3ab9de69ae06dfc604d]: S. 279B(1)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/42)
[^key-431cddb4b0ea328a94adcbef27f424f6]: Ss. 279C(3)-(4A) substituted for s. 279C(3)(4) (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/2)
[^key-1ccecb3245c2fe6d45f4f4e13241602d]: Words in s. 279C(6)(c) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/3)
[^key-642a91518cf155bf5838e82feb6eefad]: S. 279C(8) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/4)
[^key-96f18496432ba27ac19bad654adf4027]: S. 279C(10) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/5)
[^key-f78ea692f1bf24e6c7a93b46e3352772]: S. 284B(1) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/44)
[^key-3c1bb9b1b09ee06c701510a5a78a0617]: Sch. A1 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/45)
[^key-9e3d12e943bbc4fc316165e2c7a8a7ea]: S. 288(3A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/63)
[^key-9bc60d168e7bff6ee46d2cee07bd1a77]: Words in s. 288(1) substituted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/2)
[^key-436f0c94005e530204cc80583cff1fc5]: S. 288(1ZA) inserted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/3)
[^key-2abef61e908459a30632f990b13472d7]: Sch. 2 para. 1(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/2)
[^key-05db36473fcb13e9b14c7e04ded77b69]: Sch. 2 para. 4(6) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/a)
[^key-0360a89549eb7f905df4462eb91311eb]: Words in Sch. 2 para. 4(8) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/b)
[^key-690bdbfd2aae37e6ee3edfdf1a721228]: Word in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/i)
[^key-ac8b7ce6a4763a81ccc7784e27b6d564]: Words in Sch. 2 para. 4(9) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/ii)
[^key-8db4cf8001136c1fbed7102cfc17e613]: Words in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/iii)
[^key-781a066d3763247d9abdebe49663c6c9]: Words in Sch. 2 para. 4(10)(a) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(d)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/d)
[^key-6724ff007b03b8a9d31a3fbde640823e]: Sch. 2 para. 4(11)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/i)
[^key-63e9ff93f078875699f4ee15961f782a]: Words in Sch. 2 para. 4(11)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/ii)
[^key-4560c7d99aea4a189a410e30e61afe42]: Words in Sch. 2 para. 4(11)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/iii)
[^key-28c44c3029cefcb41b086c95dc16e188]: Sch. 2 para. 17(3)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/a)
[^key-d02fb661506d53a3b077cbc909d8fafa]: Words in Sch. 2 para. 17(3)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/b)
[^key-f736fe0bb2f5492d3b402b218df70166]: Words in Sch. 2 para. 17(3)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/c)
[^key-e24ca535edc8eb4dd0ef227a9f4c49e2]: Sch. 2 para. 22 omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/5)
[^key-382a12c12f2f57fce11f1b6a59c41fe6]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/i)
[^key-49cac76368672d5f20d5672a4589a358]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/ii)
[^key-3bd5f48e7037be71ab4d44100427f0d0]: Words in Sch. 3 para. 1(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/b)
[^key-d6a9acec6340a502225b519594620456]: Words in Sch. 3 para. 2(1) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-b9fee706a6dc4a24d9c9198b73bdb46d]: Words in Sch. 3 para. 2(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-2c072a35dee9c741c40efc63528dfc67]: Sch. 4 para. A1 and cross-heading inserted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/2)
[^key-0e3259889adef1eee62d58b583929347]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/a)
[^key-dd71f7c08f42698927cb994c96ac0de2]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/b)
[^key-4eaaa5a714a6ca1b39bb67018923b5ef]: Words in Sch. 4 para. 4(2) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/4)
[^key-c672bf148a89a5e390cc339a7ebffd21]: Words in Sch. 4 para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 66](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/66)
[^key-7bb9c99750824fa00e7d76637e7c55ec]: Words in Sch. 4 para. 9(1)(b) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/a)
[^key-14ea4c4410be490f80b2cd63872b566a]: Sch. 4 para. 9(1)(c) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/b)
[^key-9ec9217d6e84b8916c00b83d27a1c257]: Words in Sch. 4 para. 9(1) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/c)
[^key-6df6845a7df19056bdd150c7a87ddfd6]: Words in Sch. 4A para. 7(4) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/a)
[^key-05e479e7e1d91b1e715d2bcb82c3b905]: Words in Sch. 4A para. 7(5)(c) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/b)
[^key-ef42781536d30a3034581ab752d66bd3]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/a)
[^key-e3032567c8cc9243b9966b6196479ced]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/b)
[^key-2341a0d75864cba2a777713a99b2d693]: Word in Sch. 4B para. 1(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/2)
[^key-dc09c47901d20907d7714514760a0b61]: Word in Sch. 4B para. 3(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/a)
[^key-2165580f7e4f8ec421a237e568a3200d]: Sch. 4B para. 3(2) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/b)
[^key-7ba701c6f3903b941203b7bc09b924cd]: Word in Sch. 4B para. 3 cross-heading omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3)
[^key-72543019fc7e6882abee8dea477123a6]: Sch. 4B para. 3(4)(5) substituted for Sch. 4B para. 3(4) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 130](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/130) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-0e06f9e94c7038d08903db4ea92cc167]: Sch. 4C para. 1(2)-(3A) substituted for Sch. 4C para. 1(2)(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 132](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/132) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6b288ddd826d3ab61984021f15a30a36]: Sch. 4C para. 1A and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 133](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/133) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-d9ae4adbadf1ed728520547a5abdc009]: Sch. 4C para. 8AA and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 139](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/139) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-948c893e4bb31f06b862efbce22ec786]: Words in Sch. 4C para. 4(2) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 134](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/134) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-92a1f85ce9bd49123c9585ea38ecc4d0]: Words in Sch. 4C para. 5(2)(a) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 135](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/135) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-cf0a5c6cf85cdabfff25c1328b8de450]: Sch. 4C para. 6(3) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 9](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/9)
[^key-b576d99d2254dfcda22d404bc13e392a]: Words in Sch. 4C para. 6(1) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/2)
[^key-c128d2b20fdc19a2534dff51338af15d]: Sch. 4C para. 6(1A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/3)
[^key-0cd7bb20bbb44f30a67a20c47128bb54]: Sch. 4C para. 7A omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-20869e4e35a886729802ea1f3cc55ee6]: Sch. 4C para. 7A cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab03f4914990e75bafa478eb51dfe453]: Sch. 4C para. 7B substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 137](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/137) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-a2fe6193674e052de41edfc9e661cecb]: Sch. 4C para. 8 substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 138](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/138) (with [Sch. 7 paras. 148](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/148)[151(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/151/2)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-86cf81e37bb4d0faf063b1f94b9e21f3]: Sch. 4C para. 8B omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-18208f6965d5d92ab71508ead873dcd8]: Sch. 4C para. 8B cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-90ba676b0b6d1555a92563f23817b06f]: Sch. 4C para. 8C omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9dbb48d08db04204f88d5c01f4ff6f50]: Sch. 4C para. 9 and cross-heading substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 141](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/141) (with [Sch. 7 paras. 149](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/149)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-2f89fea95a93dbc661da99785bc83348]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/a) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9b846593afe7220c379556e9f503db3d]: Sch. 4C para. 10(2) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-f98e3fce20c9ea6e49abee75b3b4a986]: Sch. 4C para. 10(3) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-68dbedfe2ceb3440010ebc1b7fc2ad0c]: Sch. 4C para. 11 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 48](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/48)
[^key-77d5ced43f1615e0443d38fdd350160c]: Sch. 4C para. 12(1)(2) substituted for Sch. 4C para. 12(1)-(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 143(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/143/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-1bcb0a39d728251d1b1429d34ca0e7a9]: Word in Sch. 4C para. 12A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 144](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/144) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-104c881d39fd70758e7a28bb00301579]: Sch. 4C para. 13(1)(1A) substituted for Sch. 4C para. 13(1) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-c8c019117ce6c49e2ad5aee8afa8ac38]: Words in Sch. 4C para. 13(5)(a) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab035ae92960ef5623933e1c32497d65]: Words in Sch. 4ZA para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 67](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/67)
[^key-6f1e1f1a19105435bf1a8fbb373dfb99]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 10](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/10)
[^key-557a5a6c27046e9a781f345da430c62c]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/4)
[^key-2b4d3aa96668c27c012ad3b02c98eb6c]: Words in Sch. 7A para. 12(b) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/68)
[^key-a809ac57d8b4fef003ac6ec946c522a6]: Sch. 7D para. 15 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 50](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/50)
[^key-37df0d0f434bd466268d827f718140bc]: Sch. 10 para. 14(40) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-a160116a5a61e52347a637280825bb5b]: Sch. 10 para. 14(41) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-62210e0dd95858649d5b0850e81240b3]: Pt. 5 Ch. 3 inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/2) (with [Sch. 3 paras. 6-8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/6))
[^key-84a47cd23e239fb4625f40087bc25a79]: Sch. 5BA omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/49)
[^key-3f10d2019e724d309f9ecce51c11cab5]: S. 14A inserted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 104](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/104)
[^key-520adc83605552cf3c70bf144f336602]: S. 52A inserted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 78](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/78)
[^key-9319dae720563f48f304d54440fcdfbe]: Ss. 77-79 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/5)
[^key-776876f7590a79a96ed11de17944a65a]: S. 154 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 12(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/12/2)
[^key-2f728738a68a63696ba7f64f4e308007]: S. 17 excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 39(1)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/39/1)
[^key-e237df61793d51bf2a3bd5b7cbd0ab45]: Act construed as one with Crossrail Act 2008 (c. 18), Sch. 13 (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/3)
[^M_C_9814ffdb-4b83-44f5-9dd3-727bc100a374]: Act modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11), [12](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12), [22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22)
[^M_C_fd316d86-5e88-4242-87ed-bfc28ee5eb04]: S. 179 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 31](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/31)
[^key-a2e59c4b815ce27962e6049e0f27def5]: S. 17 excluded (8.9.2008 for specified purposes) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/7/2); [S.I. 2008/2358](https://www.legislation.gov.uk/uksi/2008/2358), [arts. 2(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/3/1)
[^key-20d4e41f71c43bcbbc539b23a6668cf7]: S. 218 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-f8e6f2ce59f0a8b091b4cdfea51c85d2]: S. 219 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-7abd99145bf64b735704b4aa648a5a3e]: Words in s. 219(1)(a) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/a); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-8baf9c33b103ef614f427c73b56e4056]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(i)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/i); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-a55da6849a98946a7f978b1b3b9d8069]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/ii); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-e92a62fd84d220c9ca2de81eb67b40e5]: S. 288(3A)(j) inserted (E.W.) (1.12.2008) by [The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008 (S.I. 2008/3002)](https://www.legislation.gov.uk/uksi/2008/3002), [art. 1(2)](https://www.legislation.gov.uk/uksi/2008/3002/article/1/2), [Sch. 1 para. 43](https://www.legislation.gov.uk/uksi/2008/3002/schedule/1/paragraph/43) (with [Sch. 2](https://www.legislation.gov.uk/uksi/2008/3002/schedule/2)) (see S.I. 2008/3068, art. 2(1)(b))
[^key-69e0227cc8efe3637622929b5d2daddd]: S. 99(1) excluded in part by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B](https://www.legislation.gov.uk/ukpga/1998/36/regulation/14B) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1/1), [11](https://www.legislation.gov.uk/ukpga/1988/1/regulation/11))
[^key-1c58cf69df78b850351d878ae61e8f01]: S. 100 excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), reg. 14B (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), regs. 1(1), 11)
[^key-34f223148e6a3fb4084bcdcd3103da9a]: S. 212 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 51(2) (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2008/3159/regulation/15))
[^key-b23a1827584e1f1dfe2865f9b1303dfc]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [arts. 1](https://www.legislation.gov.uk/uksi/2009/317/article/1), [3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^key-3269c52b0cf7f4ee7eb77581de614fa5]: S. 137(1) modified (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 129(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/129/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e9c9fc262a6777ca75a8ba9bfb273267]: S. 144(2) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-767bd77da3bd30e0aefe61ef7599a5da]: S. 17(1) excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/3), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-92851b974c3b78a2a61f7c57e8b83f67]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 667(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/667/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6745e2cfe3931a0ca83382de142b4a9b]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 668(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/668/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-37a2cfcc1029242a384a49ecbf173ff3]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/5), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b16893bedfa5bde1fda48dbfbf9f2f3d]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ad274cc9b75eb2cb9afda1e57850de51]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4fdbba50df2f4f735b5ce34510fb0ac7]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5db8381d7b5e5883a9250f2fdabe2924]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e8823d289c77d0bb74176571673d3995]: S. 170(12)-(14) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 773(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/773/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-085bceab0a538a045ae1dc90abc54fc1]: S. 171 excluded (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 830(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/830/1), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ef61c7588d3d557f140785f999a55b9e]: S. 39 extended (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 1157(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1157/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fe3773e40f9cdd312970251430c70c2d]: Words in s. 1(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 359](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/359) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-dc3071c0ce1e11352e41fce0bdf38d9c]: S. 10B(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 360](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/360) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1179bc60528d49e901f71316d65b2ba9]: S. 13(15) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 178](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/178)
[^key-a199a1f37dcec8a947a54714f6d4a138]: Words in s. 40(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 362](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/362) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-88f1d0cc2c61e3f06c1df930a3679843]: Words in s. 41(4)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5568ed6785eb19081fa11e5755f41825]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-43fc0da34999feccd08abfac236aecee]: Words in s. 41(4)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a3c31f2e787a36941f3f24d8f33aea0c]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c31c73a0f9645c2da483f2f2c3573aa4]: Words in s. 48(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 364](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/364) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-abbfd607e8dca9028206a09aaac25d2b]: Words in s. 59(2)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-df89557c5bba6a1f78511ecf67b918f3]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1438ec44ad132c6ea5262552af96657c]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1089729357a59e1e08921f871670fee5]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a9c7f22d4b43f9c22bffdc0c56462e5d]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-eda79fd8a7b360c09a925a441014f3eb]: S. 116(8AA) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d3508bb9284597da2ead7ec733ae58da]: Words in s. 116(16) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1eef8e7f1c7d6a8de2e10b41fa094b67]: Ss. 116A, 116B inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 367](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/367) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-656a84a1a06cfd700d8bc39cf0046324]: Word in s. 138(4) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/a)
[^key-df4a584c2af7d403a4fff10edeb7ad5f]: Words in s. 138(5) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/b)
[^key-a103fac52e56aec462b9f1e35e18c6c3]: Words in s. 143(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e29cbc6f3b2d70e6ce7263a83cc215a]: Words in s. 143(1)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-0da1748e4ce2bfcbb653f35fdedea46a]: Ss. 151E-151G inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 370](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/370) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ea459d67b938c92be269e112699b937d]: Words in s. 156(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b0dee11de706b198c87593c2069f6214]: Words in s. 156(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6d9292b4db07045980b190a86365dd3e]: Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 372](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/372) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ed3aaf12adaa4b198936bf4f116002ae]: Words in s. 158(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 373](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/373), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e453c07d20b2ab2bdd13c67cfb1f5a2e]: Words in s. 161(3)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 374](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/374) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6b57cf6d0da6f4f247c57d12957edc7]: Words in s. 170(9)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 375](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/375), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-25470265ef3cd3912db524bd7eb67e54]: S. 203(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 378](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/378) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e86ff9ecdbbe15452d743babbc91ca7d]: Words in s. 210A(11)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 379(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/379/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1b15bd88063a6ed3a7b49ed46364d7a9]: Words in s. 211ZA(9) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 180](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/180)
[^key-3426f3581821cdc289fcba5d578b2ea2]: Words in s. 213(8) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 181](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/181)
[^key-834640151d2008df095698ceb57fcdf5]: Words in s. 241(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c4b24b9436b62ff2615f82550545a423]: Words in s. 241(3)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-8182ff3914620ffbe19052a1ffacc382]: S. 251(8)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d7af9b1a64819a4656e277df40994b1b]: Words in s. 251(8)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-2233bb9d971a0a7751ee9a96d9ef2617]: Words in s. 253(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 382](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/382) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ce9d16c1084125fb223913cd408a0812]: Word in s. 261B(4)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 182](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/182)
[^key-201a829100757df3413f9804a16e3e39]: Word in s. 261C(3)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 183](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/183)
[^key-db08608607b5c5c34c9118f5dae74ebe]: S. 275B(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 383](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/383) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6890dd515106ecb947b43bb639bc752]: Words in s. 288(1) inserted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 184](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/184)
[^key-4cd902b6eddb4879703d592ec0e642c6]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e2cba8d38e8e54b27ea2cd16b0d66c0]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-004c060177d500f54deb453370c6c2e3]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a1954739f14933c3389999984fa96008]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/d) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4510a43998ca27f2e4c9ea31740062c6]: S. 286A inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 384](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/384) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1ddd9e173a41fbe288fe604a48ad34a3]: Sch. 7AC para. 34(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 386](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/386), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-da194ad83037af922324de5e345eaee3]: Sch. 7AC para. 34(2) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2009 (Amendment) Order 2010 (S.I. 2010/614)](https://www.legislation.gov.uk/uksi/2010/614), [art. 2](https://www.legislation.gov.uk/uksi/2010/614/article/2)
[^key-4f910189c1d7724096b5cbfcb85f564b]: Words in Sch. 7D para. 2(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 387](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/387) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-527447d8790ff5de108b9f67d9f3c6d4]: Words in Sch. 8 para. 5(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-db8419f858f209f48f361f9f9a61ab9a]: Words in Sch. 8 para. 5(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e08fb9b5ec27bbf23a2f0f07e5bda40d]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-cfcb3755143f5add3e12e130c178347b]: Sch. 8 para. 5(5)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-652577ad963e13d79e02a254a75b9b54]: Words in Sch. 8 para. 5 cross-heading substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-bd3142e7cb078665f097245dd56d1bf0]: Words in Sch. 8 para. 6(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b2cebbf04491b6458a128527b54dc211]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fdb3a0eb565c63afe1f4cd98005c6060]: Sch. 8 para. 6(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6400eaac58f0241ae0bf1aa0df74ea3f]: Sch. 8 para. 7(a)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(5)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5af101fe06ed1d210c41127360c6129d]: Words in Sch. 8 para. 7A repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(6)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-29c9435c5f892a9e3a782aa168327486]: Sch. 10 para. 14(7) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b6dc1456fdbdaa38793a9577096e3884]: Sch. 10 para. 14(27)(28) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1df83a74fc000d83938ae0254f0e34b6]: S. 24(1A)-(1C) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2009/730/article/4/2)
[^key-60fff772ddc3ce81ce3b3118f9d35263]: Words in s. 24(2) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(3)](https://www.legislation.gov.uk/uksi/2009/730/article/4/3)
[^key-b9795a54a052799be7969152fdf0e847]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/a)
[^key-40e78c60693a1a036e365e77f900ccc9]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/b)
[^key-fecbd5d091cc665dc9e26f6e07ea0ccf]: S. 24(4) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(5)](https://www.legislation.gov.uk/uksi/2009/730/article/4/5)
[^key-ebb7e5572b38bafa582eff6cb3440dff]: S. 125(4) substituted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(2)](https://www.legislation.gov.uk/uksi/2009/730/article/5/2)
[^key-2e280db0f7d4f1e65ff2d8535bf943b1]: S. 125(6) inserted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(3)](https://www.legislation.gov.uk/uksi/2009/730/article/5/3)
[^key-1a8bfa36af2ff5418bc68736081e3476]: S. 158(1)(f) and preceding word inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(2)](https://www.legislation.gov.uk/uksi/2009/730/article/6/2)
[^key-2ec0e4827479a16cb7365618644582b6]: S. 158(1A)(1B) inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(3)](https://www.legislation.gov.uk/uksi/2009/730/article/6/3)
[^key-8952824b2855288ab6b5083b1bed19a2]: Words in s. 223(3)(b) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2009/730/article/7/2)
[^key-699ed7718a6224f635c3a612e639feed]: Words in s. 223(3)(c) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2009/730/article/7/3)
[^key-e82de83764af4d3cb35fb7648e583a4e]: S. 223(3)(d) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2009/730/article/7/4)
[^key-158bd70398fcfe70d9e8bd3dae0a4316]: Words in s. 223(3) substituted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(2)](https://www.legislation.gov.uk/uksi/2009/730/article/8/2)
[^key-5673ec60b5e85c744b2901a89100937d]: S. 223(3A)(3B) inserted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(3)](https://www.legislation.gov.uk/uksi/2009/730/article/8/3)
[^key-70422e9e40709e99f1e250950d4f8cf4]: S. 225B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [9(1)](https://www.legislation.gov.uk/uksi/2009/730/article/9/1)
[^key-3ab724ec134cf6b24ac0e1f201914287]: S. 225C inserted (with effect in accordance with art. 10(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [10(1)](https://www.legislation.gov.uk/uksi/2009/730/article/10/1)
[^key-bc2eb34cc93aad618e32831c62869f7c]: S. 239 heading substituted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(2)](https://www.legislation.gov.uk/uksi/2009/730/article/11/2)
[^key-2484b95d0ee9c451a21e3c8e6b60332e]: S. 239ZA inserted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(3)](https://www.legislation.gov.uk/uksi/2009/730/article/11/3)
[^key-ca563ae10bf92cd42688b032db50f4c6]: Words in s. 258(2) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/a)
[^key-ad0529ca4cc7754be8d0d6df29fdd695]: Words in s. 258(2)(a) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/b)
[^key-8d94207f45c3e1a413cf1a6e45978958]: Words in s. 258(2)(b) omitted (with effect in accordance with art. 12(2) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(c)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/c)
[^key-bca43ff72075129ba5ba54d83e2b9bdb]: Word in s. 116B heading substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-622175623c83a1c0f0939bc46ed746d8]: Word in s. 116B(1) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-244dabc16ff7c647159c7a74256471c1]: Words in s. 116B(1)(a) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/3), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e72024702cc06837beb040e230c07b15]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/4), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-97549df711002e3032581dfbce499233]: Figure in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/a), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-a5d5cd115d2204f6cc40ae8c23039025]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e0c64c75d6551248230e0f994d37ad34]: S. 171(3A) omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/9/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-5e193b47c09b886f97c3763f3465be02]: S. 116B(1) modified (with effect in accordance with Sch. 24 para. 14(1) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/3), 15
[^key-d98fcb428c3f3cd3c20eb6d2590d5102]: S. 287(3) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/14/2)
[^key-392cc9515ea9530e1b58df81192664ed]: Words in s. 14A(3)(b) inserted (with effect in accordance with Sch. 27 para. 15(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 27 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/27/paragraph/12)
[^key-7ecce0feb1f68805fff86c02d5afd4d7]: Words in s. 25A(2)(a) substituted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/2)
[^key-84cacdb89d68ce6ea02bb4dda4d50632]: S. 25A(4) substituted for s. 25A(4)-(4D) (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/3)
[^key-57ec65eda28c5c0f6c36966317505da5]: Words in s. 25A(5) omitted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/4)
[^key-bf71670aadc3e7ab4fc8e8705174aa81]: Word in s. 35(3)(c) omitted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/a)
[^key-01d259715296bb1644d8bb7b2179b389]: S. 35(3)(ca) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/b)
[^key-c0ac79b17980b87f1cb49c3cdf18b5f6]: S. 55(5A) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/3)
[^key-31caa657f388b1a9ea9a99c3d852de0f]: Words in s. 175(2C)(b) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/4)
[^key-e2c75e34fffcab7929914f5e66df3f10]: Ss. 171A-171C substituted for s. 171A (with effect in accordance with Sch. 12 para. 5 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/12/paragraph/1)
[^key-0d2aae42ff4cc78a885c59f888b1be86]: Ss. 195A-195E inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/5)
[^key-071710195256a5cfff74ede9ba3b288d]: Words in s. 196(1) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/3)
[^key-3ead711627a69772a6594316dd1c30d3]: S. 196(1B) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/4)
[^key-4ac00c56c672552fdc81d60afb635a26]: Words in s. 196(2) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/5)
[^key-2fbfa30392b4e5ce317c45e906a52719]: Words in s. 196(3) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/6)
[^key-44c189e139afcbb0450c97fb9af25f89]: Words in s. 196(5) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/a)
[^key-b1b3bdf62374e2c97aa31c8daf923b21]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/b)
[^key-dc38ead3c6e8c80afac3ad1a172d1f91]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/c)
[^key-58301cec8f061ea46d62e8ad88e91f3a]: S. 198(2A) inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 11](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/11)
[^key-c32d6463e84a7740d0b379c840b6e96d]: S. 198(3) substituted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/10)
[^key-22b7c1e71272dc3ca926fc06b3d3ec58]: Words in s. 196 heading substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/2)
[^key-b5860f8d292feb332d076a83451242de]: Ss. 198A-198G inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/12)
[^key-390876040949e70dacaecbb8514c265b]: Words in s. 263B(2) substituted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/2) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-1d9bfd124826fede6a94043ac0924bc4]: Words in s. 263B(4)(a) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/a)
[^key-0902e8294508a0dfe45914895454869a]: Words in s. 263B(4)(b) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/b)
[^key-08c9273ce81b92dcf2d918f8736e9c4c]: Words in s. 263B(4) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/c) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-8326ee60fc791dc0f48ef7dab5765d94]: S. 263CA inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/3) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/3))
[^key-c95c78a108895a043567c241a1531c87]: Words in Sch. 3 para. 1(2) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/7)
[^key-63dc2513f864980d52309b26790e5b66]: Sch. 5B para. 1(2)(g) and preceding word substituted for Sch. 5B para. 1(2)(g)(h) (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/2)
[^key-ea776f18efaae407ebbfbddafd3029df]: Words in Sch. 5B para. 1(2) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/3)
[^key-e6bd32a22fd4fd6d98a9e459a19e17d3]: Words in Sch. 5B para. 1A(4) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/a)
[^key-79f0260654f30f0aaa7576a49d5e80fe]: Words in Sch. 5B para. 1A(4)(a) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/b)
[^key-f8f9373d99b2eb7d8d631a7eac81ca51]: Sch. 5B para. 1A(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/3)
[^key-4b335a28d59a82c1f2b98a6805acaa73]: Sch. 5B para. 9(1)(1A) substituted for Sch. 5B para. 9(1) (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/2)
[^key-cf97cc9610579647a70ac41a8f5dd58f]: Words in Sch. 5B para. 9(2) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/3)
[^key-2a8e67ec5354ecb9e71e6a9bf476acab]: Sch. 5B para. 9(3) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/4)
[^key-b79cf7d3d3ee5641e2d390fd4f614223]: Sch. 5B para. 16(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/5)
[^key-cef46be1859c2ba67572882ef863191d]: Word in s. 169E(1) inserted (13.8.2009) by [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(a)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/a)
[^key-ae0973d07b4677ad7203aea9aee7434c]: Words in s. 169E(1) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(b)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/b)
[^key-4db8f01bf6649539755b7ead52d476b0]: S. 169G(2)-(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 31](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/31)
[^key-f5717e2956135e3e26e8530446858d9e]: S. 235 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 32](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/32)
[^key-3ab2738cdb0c091f1ff8ffde1c7227ba]: Sch. 1 para. 1(7) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-773ddf5ce6c149c2e91c091bb936f215]: Sch. 1 para. 2(9) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-b3a49a1d5bca45d15d049fdf69bd32e1]: Sch. 5 para. 10 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 35](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/35)
[^key-597d0b3c8e04ddb54a10207b211b8463]: Sch. 4ZA paras. 14-16 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 34](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/34)
[^key-ac8c622ad6e2cec0a627304357ad6b95]: Sch. 10 para. 2(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(i)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/i)
[^key-23167c40b83c8d373d4f039ca2908bde]: Sch. 10 para. 2(10)(a)(iv)(v) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(ii)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/ii)
[^key-dfb9963a2e52ef4c52a283fba4b858f6]: Words in s. 61(3)(a) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/a); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-fbe19c8030857666cc46931cd1415f41]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/b); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-12c0408f75be600c99e8d9713347a400]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/c); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-b974f25819e57e7ecb0a7cfaaa60454b]: Words in s. 170(9)(a) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2009/1890/article/3/2/c)
[^key-c76077acd3c8beed07c526b7fce7968e]: Figures in s. 176(3) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [9](https://www.legislation.gov.uk/uksi/2009/1890/article/9)
[^key-842ca43789f8c45557e370f67927bc32]: Words in s. 239(7) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [4(1)(i)](https://www.legislation.gov.uk/uksi/2009/1890/article/4/1/i)
[^key-8abf0bf0872d6f41ede4b8fc219fe0ae]: S. 179 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2009/2971/regulation/17), [18(3)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/3)
[^key-27324177db382e3c2cd1572ceea81831]: S. 179 modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [18(4)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/4)
[^key-bcfb8945f2e9fd83b2cf3d3eed89d06c]: S. 272(5) applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [10(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/10/2)
[^key-354e5f9a4bcafa9fce433da3cae89e5a]: S. 12 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-9e8bc05e6c5bbae2a541e2c553795735]: Ss. 87-90A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/4)
[^key-25b9c1da002b88b447d1d5f3a2e500bc]: Ss. 96-98 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-15184be5d5ee5ed29bc4ef36d32f542f]: Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-2f57ab9b70280ec5e5d37093965a526b]: S. 2(1) applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/a)
[^key-610ce6d0fea0b593827515ffdc9cc6a2]: S. 10 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/b)[(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/3)
[^key-ef9737aef9c4c4f350c75fa880131e54]: S. 10B applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(c)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/c)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/4)
[^key-939a37758c40b0daff266947f2f08a30]: S. 10A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2009/3001/regulation/23)
[^key-24d7889432d136dc6face55782d62ac9]: S. 13 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2009/3001/regulation/24)
[^key-c07d3ffa8a4f4178040d79532f85962f]: S. 62 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [34](https://www.legislation.gov.uk/uksi/2009/3001/regulation/34/2)
[^key-edd83b2de45b4f33b1fbe7f60998b3a5]: S. 127 restricted (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [37](https://www.legislation.gov.uk/uksi/2009/3001/regulation/37)
[^key-29e5e150f583415acd532801ad7c42bb]: S. 16 excluded (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [42(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/42/2)
[^key-ff5cb1001f2c641202e40640c0818dae]: S. 104 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [43(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/43/3/a)
[^key-c7cbd1407e02c9dd88d5bf75e28d0f93]: S. 37(1) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [45(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/45/2)
[^key-d3d31fd1516cadb2502dbafd1cd25a13]: S. 162(4) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [46(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/46/2)
[^key-6558f3e5c3f2e13e49b9cebddd64637e]: S. 128 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [47(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/47/2)
[^key-cce328107c77d5b09531193eafd7dd9f]: Words in s. 108(1)(c) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/a), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-7cd185befa69f5eb48a9a91496e4ad4b]: Words in s. 108(1)(c) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/b)
[^key-9fee6ab9a1e476257c7f5fd7dfdf8938]: Words in s. 212(1)(b) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/a)
[^key-2d056c1bb61829212161f7007a58e6d4]: S. 212(5)-(7) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/b), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-b98061b0ea663b640d78966168ced34c]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/a)
[^key-1f807ae84a81232af87308e090df8038]: Words in Sch. 7AD para. 7(2) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/b)
[^key-0da77b85f412c06638f5c5c1bc44c1c0]: Sch. 10 para. 14(63) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-efabcb47f77b8bbb4b9a9224e58ea22a]: Sch. 10 para. 14(43)-(49) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-1ff942f3392bcff11560417d8a5b0ad7]: Act modified (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [reg. 3(1)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/1)
[^key-cc258e11ac8b14a1805b0c1728850b4a]: S. 288(3A) extended (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3227/regulation/1), [3(2)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/2)
[^key-47989847039c135439eb58d3ce6b41fb]: S. 2(1) extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cda4715377344cbddead5e2724ffa2da]: S. 10 extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-b2aa8f5770bf60e7dd4e3533dbcbae70]: S. 10A applied (with modifications) by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85P (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-2079dd3b90ded72aa357f9dc9b83ecb8]: S. 10B extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ba5b590a6d776ead0ae676bacf6a5f28]: S. 16 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z4 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f3aa77bc6dac57b0186ac65332f84fbe]: S. 62 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85W(2) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-a42e03bd15fd22a92c2b8c8cea03936c]: S. 128 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z8 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ce6ac0460dd43e08b71c26d09618ac72]: S. 135 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85X (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cae86b50ab3d06d33edca267e1e6e200]: S. 136 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Y (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-6a1df202dcb12410b76fcf4393851ea2]: S. 162 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f0167c342e737649b86d258ad50ad3a5]: S. 162(4) modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z7 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d2b6d8cbf88539f870ca06f7d2931633]: S. 165 modified by S.I. 2006/964, reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294)](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d34eadb56950761146661d2c82ac3e04]: S. 260 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-9cced852d460cf4f443ba8ec6287c36c]: Words in s. 287(1) substituted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4edca7e4a1bfa8ccaa47ddc0d41cec8e]: S. 287(2A) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-facc05574d35cfdd734b1c6f0e9981b0]: Words in s. 288(1) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 319](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/319) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4266de9542ef073c6fce2fc2a27d4d7b]: S. 105 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0c7aff1b85dcce72bdb09070f5b85a4c]: S. 107 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5f6081cea6f8efe23af6969a115c8d5b]: S. 48 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 208](https://www.legislation.gov.uk/ukpga/2010/4/section/208), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ba322f149898daa927e7e72203805ffc]: Ss. 272-274 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 210(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/210/1), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8d376f8f74d5b6f4224b95f4a78d3854]: S. 256(4) excluded (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 515(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/515/7), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-93090c07391e5e1773a063bd34e22765]: S. 171 modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d3cf525108c50c202bdf8723c8304c79]: Ss. 171A-171C modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-185badb0f3e95b05806b02221f051036]: S. 170(3)-(6) applied (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 996(3)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/3), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d1df36a1652a9cad6391941c440e8928]: S. 103A inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/8); S.I. 2010/670, art. 2
[^key-407ead90697e6339d3114629d9a9592b]: Word in Pt. 3 Ch. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); S.I. 2010/670, art. 2
[^key-08df6050dc651264a65e3cee3044d3df]: Words in s. 288(1) substituted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/10); S.I. 2010/670, art. 2
[^key-8a3a002645da75cf42b2f7b0979acdba]: Word in [Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/3) heading inserted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/12) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); [S.I. 2010/670](https://www.legislation.gov.uk/uksi/2010/670), [art. 2](https://www.legislation.gov.uk/uksi/2010/670/article/2)
[^key-9e753db6f12cb524275f0ced258de330]: Words in s. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 226](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/226) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fa3e4f20908eb27f5cd9497f1e9fcf84]: Words in s. 10(4) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-f36984940d55d191861f4e4cab456d4a]: Words in s. 10B(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-5e088d0eceafa0e48c3ddc6249cb61ff]: Words in s. 13(12) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 227](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/227) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-74c12f4f97cc5db9fe2af334d2afe8c3]: S. 37(5A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fbad9607b9f2d442e2ca3a382d57ef89]: Words in s. 37(2) added (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 231](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/231) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-8550bf2cc9e55ee0c10db44131720764]: S. 37A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/3/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c9c9bb0df0666fee6531dfe7dbdbcb4e]: S. 39(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/229) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9a68d6bb8c3d0093f56f6d567c8c7bf]: Word in s. 55(6)(a) omitted (with effect in accordance with art. 7(4) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-803356622767a15267c3af65a79924e8]: S. 55(6)(aa) inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-b24e889286f9da876c3bdf2328703946]: Words in s. 59(2)(b) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9fd4606627d0f0e29040d5267316604e]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a65e5176b3b1983fedd5c4b65837371a]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c3700b6ed625fc35386d67b9cb8792b]: Words in s. 96(10)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e807132473b660ad1560eb32c2b5a69]: Words in s. 99(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 199](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/199) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-40f48405aa481901b0316f59387cb55b]: Words in s. 108(1)(c) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 164](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/164) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-d1ba10c12c2e01077df38a1b0b54980f]: S. 117(6D) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 200](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/200) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e2cc3ac834d2c55b965e3fb294a33e7f]: Words in s. 117(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/231) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50fdb3d368d5eac2cb36f93d278b53f4]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9e9de111f2ede66f4089cd395a0127d]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-450c77f9a59b56bc2e20eb7fadeabde0]: Words in s. 125A(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0e01c51ff649f73e1111dfce815efeaf]: Words in s. 125A(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-400805aaba06ffedad14b9789125a726]: Words in s. 135(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-398b9aef8e82809f6649b60c6ed1ea57]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a9dabd70c5800a8686c9aa00135f0306]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-df79fc617d062e2925058335991be118]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-dda96e64994348384751f8d0e794fa60]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-6804e1e1cf56806b630b232f36a170a8]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-ca2e5abc1437b21a5c8dd76cc3de3aca]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a91684c7f56b11883b3731294c32d6b2]: Words in s. 140L(1)(c)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/235) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e7fa838e7f78081aa556aec6841f8643]: Words in s. 151BA(10)(b)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5c86d9ef1177922f7f90e82d5bfa921e]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50f5b0c53ca5ac32fd0259ec0625413c]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7796aa1d83f8813c30867783d33ed94c]: Words in s. 151BA(10)(b)(iii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3ccd75c47a22e805a8505a656a5bf353]: Words in s. 151BB(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3fa660fe42f576c7cbe51db26d1d6fb3]: Words in s. 151C(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8278b15c0471b4c8b53ce6bb49160338]: Words in s. 151D(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-16361d65b9075490ac907bf84952b23f]: S. 151F repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 201](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/201), [Sch. 10 Pt. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-554034506f295e44202101178969441b]: Pt. 4 Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_e2972858-19a8-4ed4-ca31-eeffafc6d452]: S. 151I inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 29](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/29) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fdc3c3e3-2ac3-428f-c76c-a161c869348f]: S. 151J and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/30) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_02c42ed8-0d20-4bdf-a6ab-17a4b53b9547]: S. 151L inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/32) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_d2cef17f-44d7-4eb6-a21a-72524ce9544c]: S. 151K inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/31) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_015bd60e-9046-40b3-bc46-97440d3d2925]: S. 151M inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/33) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_71e335a0-1fe7-4f7e-99d0-3e5bb711918e]: S. 151N inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/34) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_7db55573-09f7-43cd-a679-aad5ab1a5714]: S. 151O inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/35) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ebcd6eab-b60c-4e65-aad6-a28bc7bd77f4]: S. 151P and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/36) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_176dbd95-7963-4642-a243-a2b1b65bd3b4]: S. 151Q inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/37) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_1fe5bfae-7848-4074-b0a5-50ca4f832461]: S. 151R inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_416545a9-5265-4334-87d7-1105afebcaeb]: S. 151S inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/39) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4fe50031-dc7f-431d-c7a1-cf7d07893eec]: S. 151T and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fe10cdde-9ed7-431d-8919-9bddac0ce913]: S. 151U inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4b61305e-71a2-431f-a73f-0e3a07f2df4d]: S. 151V inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_841eeb5d-b63d-4992-b66c-0b2518d21e0f]: S. 151W inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ae68e326-ed1b-4ba0-e1d0-ebd49bf2686a]: S. 151X and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/44) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_55d17d2f-bc63-4240-9d1d-785fae29c8c0]: S. 151Y inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/45) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a884ff15ff70435712ebe970051ef985]: S. 151T(7) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Taxation (International and Other Provisions) Act 2010 (Amendment) Order 2010 (S.I. 2010/2901)](https://www.legislation.gov.uk/uksi/2010/2901), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2901/article/1/1), [2](https://www.legislation.gov.uk/uksi/2010/2901/article/2)
[^key-bdebe8b2c78c6dae079d4a8d0fc9ae96]: S. 161(6) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/240) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ff1a39ddde65c7753dfcb677e603ed98]: Words in s. 165A(14) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/241) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4cfe999d8dce3afaa50f8ccff1c41141]: Words in s. 170(2)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b88689aaff6dcc5deee95cbf1eaf2d5c]: Words in s. 170(6)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8234aa6ed3994f0536e0407dc10dbce]: S. 170(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-9462d010f64110e04247abaa4e96221f]: Word in s. 170(8)(a) omitted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(a)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/a)
[^key-1534a3ea00b7011ef7dfa7296b7c119c]: S. 170(8)(aa) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(b)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/b)
[^key-b63af56532fad81819bbeaffd2f772b6]: Words in s. 171(2)(da) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 243](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/243) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3505c5561b9ec0cb31bb0474f46c6695]: Words in s. 179(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c7e5de782f7dbd3a1b853042d880042a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3341421db86ef9a492d1d22916cbd55e]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-654eedb85ca9bd2cd343ddf103a9e67a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ee17d5bb5192a2f8b563476d2cca4589]: Words in s. 184H(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 245](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/245) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d666b17d0b80246e29477893218ae2c0]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d96ce1eea38d66583fac10cb8597b4d5]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ca4c125d0d999dbfed64fb8e99023d00]: Words in s. 192(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c66e97e42e99bbf85e1100c91d94e8e]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-377cca624cf222c755b2031de3f9ed81]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5239cda659e4198707da88cdfe21557a]: Words in s. 198(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 248](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/248) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d47973f8ca422236c3f5b39658b155a4]: Words in s. 203(2) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 29](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/29); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-9226e0a12c9cad4515c01dff8eca357b]: Words in s. 212(1)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 249](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/249) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e212b12fb34d64154469d04172d77ab]: S. 217D and cross-heading inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 250](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/250) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3360bc906e81d1bbe277aea8188e847e]: Words in s. 218 substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/2); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-4acae086b164ccebe938da867771261d]: Words in s. 218 substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-769150bbede5b933d4a136721a87550c]: Words in s. 218(1)(a) inserted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-99a3c4ec023252c7a456728dfa61aedb]: Words in s. 218 cross-heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(5)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/5); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-477d013601354072a625617447b18d8f]: Words in s. 218 heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(5)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/5); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-4d3e34955c8affdae901ac7cd97936b5]: S. 219 heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-e59a4108c7031637c1540ec154348715]: Words in s. 219(1)(a) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-6b6e0cbf14015cb9ca67e906bc2cd5b5]: Words in s. 219(1)(c) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-d4f174813e8386ae67593a2c78569f53]: Words in s. 219(1)(d) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-68c707cf196001e624811382982ed310]: Words in s. 219(1) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(b)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/b); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-b6752d905a28e4b5903ce37dbb787874]: Words in s. 219(1)(c) inserted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(c)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/c); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-de9ea958403d09d9f4d648c3ce616d92]: Words in s. 219(1) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(d)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/d); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-d121465409679f40342ae8ac4f549dfe]: Words in s. 219(2) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/3/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-e273258b8a9c23cf9e3318ada97930d5]: Words in s. 219(2) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/3/b); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-762c1a59cbb0f80eab05741447a8bbc4]: S. 228(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 252](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/252) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b0be2c0999c7388e933841ec5964cbe8]: Words in s. 239(7) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 253](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/253) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8ce61830d4f2f7f42d9230f9823dbdc0]: Words in s. 253(4A)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 30(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/30/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-6a0aa4800f788df0c9451cd3c75a2d79]: Words in s. 253(4A)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 30(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/30/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-500328ef6bfb0d70c5ab959b6782159e]: Words in s. 256(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-bc599962671daf9fb4ce7c491367e1e3]: S. 256(3A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73e4b975e4c159d43df870d372ccc5bb]: S. 256(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8759b2d3d9be76ebc312d015562fcd0]: S. 256(7)(8) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(5)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-40baeb671e3e266e4675970ebf580529]: Words in s. 256A heading inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 255](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/255) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7755022a5de186958768f1b3fcf1633e]: Words in s. 256B title inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 256](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/256) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e61545d7c59985ad3e56e64a52e18d7c]: Ss. 256C, 256D inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 257](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/257) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-81e4694224c6d7082cab47df89b1f348]: Words in s. 257(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-cce71a64f986cf62309dba59d8e750a7]: Words in s. 257(2A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d0dc1aa1197803062a983728ad065622]: S. 257(2B)(a)-(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4da03a015c08a7d910e14828a3f36f9a]: Words in s. 257(2C) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(5)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-28c3a985e2c1d1f609a6bfc9fc41d2a3]: Words in s. 257(3) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(6)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3611fef9f70b6daadec27e68b4077c55]: Words in s. 257(3) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(6)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4438bc20c2750ae166a3129922c38a5e]: S. 257(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(7)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a7052c95cff7b1c5a89f86e2309bf24]: Words in s. 259(1)(a) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/2); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-c8f8cc0477819a0304ee2f80efda4817]: Words in s. 259(1)(b) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-55d0f334973109bc9506b2f3f3f8e1b7]: Words in s. 259(2)(b) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-6c41ce3b7e57ffeba455d44d52751d9f]: S. 259(3) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-ab38fcf2004f3e5b9816ca43681e1761]: Words in s. 263E(1)(a) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-79e778d6ebfed5f7191ec3b4795b54ae]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cc5f9e2399e52c455b27915d81a699f8]: Words in s. 263E(6) inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(4)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/4) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e43cfefee0c9492890e7052ce2552def]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(5)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/5) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c36b5ac8119a98b3a0e2652028a78911]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(6)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/6) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a6f12f395329a14f0ad5729c1efac7ec]: Words in s. 263E(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 260](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/260) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-26c6c0d9326891d1f93e85d7b8f0b881]: Words in s. 271(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-888bc7015402221c78d7405234974e9e]: Words in s. 271(6)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1d03972a07916d56c05600371d7f8ae]: Words in s. 276(2)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 262](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/262) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5982316e786459b86dd1bbca76bed96a]: S. 277 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/45), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-0a47500c654fda9c28c14a02e5a35563]: S. 278 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 46](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/46), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-7f1a1ea48bd5b8ff51cc5fd588c31c3a]: Words in s. 279(5)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-52f55f47561c37046a1158bb0b329528]: Words in s. 279(5)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-643ab9e50514460beb215a103cb993dc]: Words in s. 286(3A)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 263](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/263) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fe1de5f3c103f55a9b92356e326a713e]: Words in s. 288(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/47) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-2d6c6495e4231d33f2fbd4735731ea09]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a541261f5d562c4584209ffc551f8fee]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ec2d66ad6b99182d5b31f2d5057ae6fc]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-693eee3fd96f6288b7e4f42cfa9f55c5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(d)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-aa49fd8526bd132baa90efca7f2147ef]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(e)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e597dff440ee8c7dd4ad8dd590c016d5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(f)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-285abd80384872cf9aa7537454075e2a]: Words in s. 288(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(g)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6f30c061611ffe1fbe8f9125548432d3]: Words in s. 288(3A)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d81b5ff9811801b63a35eb4cddaf58c5]: S. 288(3A)(e) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-196aba22eed3b269877432871e3e6c61]: Words in s. 288(8) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 202](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/202) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-486b2ef49ea7f18e34cbfef66ee55b81]: Ss. 248A-248E and cross-heading inserted (with effect in accordance with art. 8(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [8(1)](https://www.legislation.gov.uk/uksi/2010/157/article/8/1)
[^key-2c52cf27be032c869a0727f1d7b1299e]: S. 268B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [9(1)](https://www.legislation.gov.uk/uksi/2010/157/article/9/1)
[^key-f021fc1d165d23551599defa253867a1]: Words in Sch. 3 para. 7(3)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 265](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/265) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73ea8674a133bdec77aec5503ac4f35c]: Sch. 3 para. 1A inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(3)](https://www.legislation.gov.uk/uksi/2010/157/article/7/3)
[^key-0003ac38f1bf47c0c40f92d9eda55052]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-11a2100693c1466990fa5c8c2dd9c845]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b5ec147617e82f14abd0bfb7dd61e9f6]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1bcd5e7856fbec78da951d738dee18de]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-eeb122a21b22a4aab8854ed51a58751d]: Words in Sch. 5 para. 2(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-054d6182aea4486c5359a2ce7332f59f]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab9bb2709deb11cca53f9febedd8f806]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0559f42380d963495ed3c66689883959]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-47eda05d9710662a281db9c7e83f5921]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4f64ff6e341a7740f60cd704549aee85]: Words in Sch. 5 para. 2A(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d7bbd29d595da013dd3a96c6058e1195]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1f95e3543bb5d39a0d22c38c11809d0]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-632b3ce5ba78954beae956860f2e1945]: Words in Sch. 5 para. 8(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-88cea614e42865149f305551f6d6453b]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3a1b7d636def9e76a3e52dbd3b9cd41e]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a0b42e7c279aa342702f9b27016aa0c]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7304f1866bb5c387f460fce4a858158]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a3c634eebb816ace19fb32d4f105c3e0]: Words in Sch. 5 para. 9(11) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-459435e4514bc2cce5b4d4bb8c326107]: Words in Sch. 5AA para. 4(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6eabe71b875174963ac04ce15ae7d43d]: Words in Sch. 5AA para. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-90466fc45498b2c7099867d52e44cf65]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4ac89ee10e391230c7f273dbe0bdedda]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1c256cce464613fcf8b396987d3fffbb]: Words in Sch. 7AC para. 5(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7de2c1469e84e8cc147ee5b840364b4]: Sch. 7AC para. 8(2) substituted for Sch. 7AC para. 8(2)(3) (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-24b63841d74bbb4a4e08b1f3653dd668]: Words in Sch. 7AC para. 8(2) substituted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/3)
[^key-540877340414267cd069fd6cd9479452]: Words in Sch. 7AC para. 17(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e6a494af4bc924fc835416b7d8eecba1]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-62a86c30fe8b927c147941eb6915b9b9]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-69434fe0e85433febd0f5aefbbeb1838]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 166](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/166) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-3d855a28a891e2ac575b84002f6df501]: Words in Sch. 8 para. 9(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 244](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/244) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-685dfa50134d9d0cbce999fdfa170f2c]: Sch. 10 para. 3 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cff185289988f339d82da44f2f80bb85]: Sch. 10 para. 14(19) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a6978fc43f2e05f1698da09f29e8f756]: Sch. 10 para. 14(14) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0b78e26be6f44c126d7db23565089140]: Sch. 10 para. 14(20) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d4ae496ab0f5862288a64b6e51286d28]: Sch. 10 para. 14(32) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-acee1e8f73e45fd72a8f3427de367d79]: Sch. 10 para. 14(51) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-85f99df33e4b3cff5f3bff813e42154f]: Sch. 10 para. 14(54) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-89dbdb28fc4e0c77885987a4b0f985e9]: Sch. 10 para. 14(55) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-01f7cbcc85e1d2ae365a6da8a51a5837]: Sch. 10 para. 16(6) repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a85692ecc28106f774233f450fa3d54d]: Pt. 4 Ch. 4 applied (with modifications) (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-39cd41ece8d3464d025358ed47b6e41e]: S. 151W(b) modified (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9d2266cff61c51d6e733a53fa72156c3]: Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 6 Pt. 2](https://www.legislation.gov.uk/ukpga/2010/8/schedule/6/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-36cb4cd87b9bcd02ba09f79afe0d7eb3]: Words in s. 140(4) substituted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/a)
[^key-f6adb31ad7de0adf5588d5ab4fa20f19]: S. 140(4A) inserted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/b)
[^key-b2eec19dc7a5575befe590ec4da71443]: Sch. 7AC para. 35 omitted (with effect in accordance with s. 37(3) of the amending Act) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/2)
[^key-bc279a1ba044257ed395db94fe53eb1d]: Sch. 8A inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2010/13/schedule/9/paragraph/2)
[^key-f4fb6dc4a620d33114dd9c46d7919bcb]: Words in s. 169H(1) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/4)
[^key-4a46493a1659aa2d4eed7de8bcc40e20]: Ss. 4, 4A substituted (with effect in accordance with Sch. 1 para. 12 of the amending Act) for s. 4 by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/2) (with [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/18))
[^key-650142c95da88c84a5037548ddaa110d]: S. 169N(2)-(4B) substituted for s. 169N(2)-(4) (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/2)
[^key-667849f682dfbcbcc940de3c3f954f49]: Words in s. 169N(7) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(3)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/3)
[^key-19df34405faaaf2f505544189fda1401]: Words in s. 169O(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/6)
[^key-b52a78edba90493908cee038a0a89082]: Words in s. 169P(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/7)
[^key-31c1de9894434392ef5499d0cc1802db]: S. 169R substituted (with effect in accordance with Sch. 1 para. 15 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/8)
[^key-8612bfe2191f24160a96041f269896fc]: Sch. 5B para. 1(5A) inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/9/2)
[^key-8761bb75553550df1911883531245e13]: S. 22(4) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/2) (with [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/3))
[^key-1e992296c0fc4ef8c22c8167cf5e7218]: S. 122(6) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/3) (with [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/4))
[^key-1df7283444504b4d887f698c5c686c44]: S. 223(8)(aa) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/1)
[^key-47ba1b837c82e29ec488a70281acd9bc]: S. 224(4) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(2)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/2)
[^key-62445f6b6d3001fa675a73d9544cba13]: S. 225D inserted (with effect in accordance with s. 16(4)(5) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(3)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/3)
[^key-bc0f627f676ff20f457d5e02f4955b46]: S. 198H inserted (with effect in accordance with s. 17(2) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/17/1)
[^key-8ac7ad9c3f62d66d964ae9a5a9a75c94]: S. 142A inserted (with effect in accordance with Sch. 4 para. 12 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2010/33/schedule/4/paragraph/1)
[^key-373f5965a671396a7e06a325d96dd286]: S. 26A inserted (1.2.2011) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 39(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/7)[(8)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/8); [S.I. 2011/23](https://www.legislation.gov.uk/uksi/2011/23), [art. 2](https://www.legislation.gov.uk/uksi/2011/23/article/2)
[^key-7560e22e2f77a5fef4de439618bf1b70]: Act applied (with modifications) (8.2.2011) by [The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)](https://www.legislation.gov.uk/uksi/2011/245), [reg. 1](https://www.legislation.gov.uk/uksi/2011/245/regulation/1), [Sch. 6 Pt. 1](https://www.legislation.gov.uk/uksi/2011/245/schedule/6/part/1) (with [reg. 27(a)](https://www.legislation.gov.uk/uksi/2011/245/regulation/27/a))
[^key-8673b85ff65de819c4cc92516ea5c995]: S. 283 restricted (1.4.2011) by [The Finance Act 2009, Sections 101 to 103 (Income Tax Self Assessment) (Appointed Days and Transitional and Consequential Provisions) Order 2011 (S.I. 2011/701)](https://www.legislation.gov.uk/uksi/2011/701), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2011/701/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2011/701/article/4/2), [5](https://www.legislation.gov.uk/uksi/2011/701/article/5)
[^key-752d9e89ac08a96a68473d8a2603e53e]: Words in s. 103A(2)(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(a)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/a)
[^key-1b17926d5cf21c6553314528c3d8eecf]: S. 103A(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(b)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/b)
[^key-ce2da81b0d29010cea33f1f7f02879fb]: S. 103B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(3)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/3)
[^key-e0aa11378e1e5c03677cda3066819b01]: Words in s. 106A(10) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(4)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/4)
[^key-39ea01874d6d6c291db7ab6543ac7c8f]: Words in s. 140H(2)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/2)
[^key-a5c75822af8ebe34935cdac8b07d1561]: Words in s. 140L(1)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(a)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/a)
[^key-55af64c64f8fb4400f10a160a6fb58b9]: Words in s. 140L(1)(b)(c) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(b)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/b)
[^key-49845525f83be0d1feeb6c208297d12a]: S. 3(3) excluded (for the tax year 2011-12) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(5)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/5)
[^key-502d89f36e53ab982106bff2c428122a]: Act modified by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 363A(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/363A/3) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 59](https://www.legislation.gov.uk/ukpga/2011/11/section/59))
[^key-d909ae6f3c684429770ca5ae79d3fba6]: S. 170(2)-(11) applied (with modifications) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 554Z(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/554Z/5) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/1))
[^key-32a3f0f46cb1bff8f0066588ca793431]: S. 3(2) substituted (with effect in accordance with s. 8(4) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/2)
[^key-db6f54c70aa0f8ed68275d5754fd104e]: S. 3(3)(3A)(3B)(4) substituted for s. 3(3)(4) (with effect in accordance with s. 8(6) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/3)
[^key-94bf92cd2be947b863f98c7ffbc433ff]: Words in s. 30(1)(a) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/a)
[^key-7f0b230df1bd7c16526962bad43693f8]: S. 30(2) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/b)
[^key-92e1153d7fc868caee1deb62af8c9af1]: S. 30(8) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/c)
[^key-ebc5ace92d22f0d413af07b33e4076e4]: S. 31 substituted for ss. 31-34 (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/2)
[^key-e88ebcf030b354e47752ff36db96224f]: Words in s. 119A(5)(a) substituted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/a)
[^key-242b8910f0ce53b1e6a325adf8261f0c]: Words in s. 119A(5A) inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/b)
[^key-e82ae11844a45af18eaad6f28938a82e]: S. 119C inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/3)
[^key-030c1d8a5b2916a0e924c0afa2af7627]: S. 139(1B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/1)
[^key-a172b91f5029a6e4c8b88b6943d80cf9]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/a)
[^key-68b376e3e6c9019915ab2d161bc39209]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/b)
[^key-532320a4826b36c23e7b5271afb63bed]: Sum in s. 169N(4) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/a)
[^key-3f097b3d736d54ca3f277a3741c088ee]: Sum in s. 169N(4A) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/b)
[^key-749f1a3b09300512f6302e5649b23858]: S. 171A(7) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/2)
[^key-893231aca8e7035dc1cce35c4ff34cc8]: Words in s. 176(1) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/3)
[^key-92d88e1efdd814c8d1731a228fcd020a]: Words in s. 177A omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/1)
[^key-0d1b365e1ba6d4872e1d3c0893bf72c6]: Words in s. 179(2A) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/a)
[^key-d8541621120403c6eed1e06886b8453b]: S. 179(2A)(c)(d) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/b)
[^key-ca66bb33c2a7c17abdddc70d6acd9e28]: S. 179(2AA)(2AB) inserted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/3)
[^key-8512b1fd3e30f62a616ccdf4f2032513]: Words in s. 179(2B) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(4)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/4)
[^key-3b5a97be51765ca128892e25776f176f]: Words in s. 179(1)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/2)
[^key-3dc22e6476874783c312caa3472f39b5]: Words in s. 179(1A) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/3)
[^key-0c3fbd9b3b8124a1db6ea35d4f7c08f4]: S. 179(2)-(2ZB) substituted for s. 179(2) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/4)
[^key-d813549a10778f9d23194b32f9d0864e]: S. 179(2A)(a)(aa) substituted for s. 179(2A)(a) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/5)
[^key-2089d2308204e22ff11b67cbcf9b3f90]: S. 179(3A)-(3H) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/6)
[^key-813fe03fe1f9d3a8a67c5d2301ed8ef3]: S. 179(5) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/7)
[^key-1cab605e609141b3b366c7cc5c030fdd]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/a)
[^key-bbc7c9d5930b3639451ffa454838ef38]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/b)
[^key-de72caf99f0adffeb9be02f5683a81a9]: Words in s. 179(7) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(9)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/9)
[^key-c87e1ac7b428ddba94c90fcddc14b7b4]: S. 179(7A)(7B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(10)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/10)
[^key-962fef0a1a5445d4086e978f29b7b127]: Words in s. 179(8) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(11)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/11)
[^key-65f871c227b1fb73cacaabb227bcdc4e]: S. 179(10)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(12)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/12)
[^key-8e936d449486b8d564b0b90a1a9582a4]: S. 179(10A) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(13)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/13)
[^key-e5d08709130902807508b77d720b30cb]: Words in s. 179(9)(b) inserted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/4)
[^key-041b00da76f3971e4746ed830699869f]: S. 179ZA inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/4)
[^key-d3b90d5e9bbe8c1a24cacfcdf4b5ac5a]: S. 179A repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/a)
[^key-a2a91341f45faf3c50ebf8fb752a880a]: S. 179B repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/b)
[^key-5eededc2ccabbe0d1d0d7991c0f41c3f]: Sch. 7AB repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/c)
[^key-b91d2c1672ddbe6e59038eec477d47e5]: Word in s. 195A(1) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/1)
[^key-1dd5993518bd9db4e3e877db33317024]: S. 195F inserted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/2)
[^key-e38fd002a1c2506fdd5e11fc476ab7fe]: Word in s. 196(1B) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/3)
[^key-31de6da00159805b6c65c78b2e69d047]: Word in s. 196(5) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/a)
[^key-943fe7d2369216b7c5aa0898ebc2e8cf]: Words in s. 196(5) omitted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/b)
[^key-05e5d30bea1965c7f50a8a8da4114188]: S. 196(5B)-(5F) substituted for s. 196(5B) (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/5)
[^key-9f55e3e94e6c1a36ab3a517ee7273236]: Word in s. 196 heading substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/2)
[^key-c0292254de4712dd27fa9ac7a68d15d6]: S. 198I inserted (with effect in accordance with Sch. 15 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/5)
[^key-333d5a9655acb1e76bd5ccab2bf57834]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/b)
[^key-d3fdfa76e7b6d7ad67f7cbbdff26426a]: Words in s. 241(4) inserted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/c)
[^key-32e0b9d73e4cacc7b3f27c7cfe070bcc]: Words in s. 241 heading substituted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/a)
[^key-661525b95d1ba4bc847275d82a26e18c]: S. 241A inserted (with effect in accordance with Sch. 14 paras. 15-17 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/3)
[^key-ba01eee616c8de6fd1fe05ab55f2828d]: Word in Sch. 7A para. 1(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/2)
[^key-012c2f1ce502343377490b1cfc8aebc4]: Sch. 7A para. 1(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/3)
[^key-a9791dc9c9040f5d4946030ec182af94]: Sch. 7A para. 1(3)(3A)(4)(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/4)
[^key-86c5aa12bb7212c2defa695d49246bed]: Word in Sch. 7A para. 1(6) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/5)
[^key-a48703f319133d1dd864f835511b1d84]: Sch. 7A para. 1(8) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/6)
[^key-bab206fafe1c9cf82aa044377bab89bb]: Sch. 7A paras. 2-5 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/4)
[^key-febfc85d632acf80c7b9d000a99c0b4d]: Sch. 7A para. 6(2)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/a)
[^key-e3e6d6363c1aa6ddf7029f0308eb0e9e]: Words in Sch. 7A para. 6(2)(b) omitted (with effect in accordance with paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/b)
[^key-331225e3423020275fbbb0e0cb67b475]: Sch. 7A para. 6(3)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/a)
[^key-cc86e5aa2785ff6865fa91bb7400990e]: Words in Sch. 7A para. 6(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/b)
[^key-a8865f833fcc94a48e21ea91f2d2a3fb]: Sch. 7A para. 7(1)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/2)
[^key-d735672544801d405340199523ad5499]: Sch. 7A para. 7(1A)-(1C) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/3)
[^key-428e63cfb421763e8c0616ae8032c276]: Sch. 7A para. 7(2) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/4)
[^key-f88a5cc9d9bfd5fc927c43fcf2c146e1]: Words in Sch. 7A para. 7(3) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/a)
[^key-6284b759ef763814e3e9c2cb495dfe33]: Sch. 7A para. 7(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/b)
[^key-de45d16ee2db436372c91cf1589c9e6e]: Words in Sch. 7A para. 7(3)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/c)
[^key-f32f9ac03eccfdd6d88533f53e2e849f]: Sch. 7A para. 7(4)-(4C) substituted for Sch. 7A para. 7(4) (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/6)
[^key-fbdd6038477818e48f1c31a247723b01]: Words in Sch. 7A para. 7(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/7)
[^key-123c86393ff19e2493cc8d63ee24a8cb]: Words in Sch. 7A para. 7(6)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(8)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/8)
[^key-2b502f0700ee3b025c84f9db2a507f3e]: Words in Sch. 7A para. 8(1) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/a)
[^key-6986d0674ff27d34fa488944c491760d]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/b)
[^key-e5c9d03958a272c6bed1de2940f36e52]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/c)
[^key-172368e5c04770336ca3e79efcf8a0bf]: Sch. 7A para. 8(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/3)
[^key-ff08fbd6b8ccb4193b7a082bfe8dc886]: Sch. 7A para. 9 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/8)
[^key-1555c7d73a896f7a0a5f6b520368cf3f]: Sch. 7A para. 11(3)(b) and preceding word omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/9)
[^key-62e9123d16d389c649dc9214e16d1391]: Sch. 7AC para. 15A and cross-heading inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/2)
[^key-1f8444982b424716cad44e6392b36125]: Sch. 7AC para. 19(2A)-(2C) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/3)
[^key-c25572611b981979dc0c5ca188339054]: S. 276A inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/13), [31](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/31)
[^key-698f2400aa352e84466c4a12cecba361]: S. 257A inserted (with effect in accordance with Sch. 3 para. 27 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/3/paragraph/3)
[^key-7d99c28f206090843440d79750c6c0e7]: Act modified (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 2 para. 1(2)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/4); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-853e6d412ee37b90e2a421b63c1363c6]: S. 288(3A)(l) inserted (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 12 para. 145](https://www.legislation.gov.uk/ukpga/2011/5/schedule/12/paragraph/145); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-8c7d24e162513a458444c82e1bf3805f]: S. 271 modified by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 34A(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/34A/3) (as inserted (15.1.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 224(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/224/2); [S.I. 2012/57](https://www.legislation.gov.uk/uksi/2012/57), [art. 4(1)(cc)](https://www.legislation.gov.uk/uksi/2012/57/article/4/1/cc))
[^key-86e5a09f37872ae9f4c6dffa9ebe18ee]: [S. 122(5A)](https://www.legislation.gov.uk/ukpga/1992/12/section/122/5A) inserted (with effect in accordance with art. 18 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266)](https://www.legislation.gov.uk/uksi/2012/266), [arts. 1](https://www.legislation.gov.uk/uksi/2012/266/article/1), [17](https://www.legislation.gov.uk/uksi/2012/266/article/17)
[^key-546e228f6bc0680ff8080caf2f057544]: Words in s. 222(8B)(b)(iii) substituted (with effect in accordance with S.I. 2012/736, art. 8) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/2), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 8](https://www.legislation.gov.uk/uksi/2012/736/article/8)
[^key-d81f80ef877a48161ae2af60dfde99ca]: S. 256(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-4b63610feb80c11d4d60ccaf56e6dd13]: S. 256(8) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-fee25e131211b4c8697cbec93625c3a2]: S. 256C(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/4), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-c697cf0a22898cc4967c0f94dd3418e5]: S. 256D(7) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/5), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-e8197afc1a3c19fb263741caf8f1aa34]: S. 288(3A)(m) inserted (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6/3); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 3(b)](https://www.legislation.gov.uk/uksi/2012/628/article/3/b)
[^key-11df50c72118bc597805f92ccad0c885]: Act modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6); S.I. 2012/628, art. 3(b)
[^key-671be472b35850cba884622cad7d8721]: Act modified (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/4); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-beb44ad0af6d57302f767268ccf92a6a]: Words in s. 219(1)(c) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(2)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/2)
[^key-faf5491163dc57b3accbb3d4667f3747]: Words in s. 219(2) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(a)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/a)
[^key-69d90dd0096429959e3a6a515c887b9a]: Words in s. 219(2) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(b)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/b)
[^key-020cfc6e33b55a0f9054a1f86c57ea89]: Words in s. 219(1)(d) substituted (1.4.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/2), [Sch. 19 para. 32](https://www.legislation.gov.uk/ukpga/2011/20/schedule/19/paragraph/32); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 6(i)](https://www.legislation.gov.uk/uksi/2012/628/article/6/i) (with [arts. 9](https://www.legislation.gov.uk/uksi/2012/628/article/9), [11](https://www.legislation.gov.uk/uksi/2012/628/article/11), [14](https://www.legislation.gov.uk/uksi/2012/628/article/14), [15](https://www.legislation.gov.uk/uksi/2012/628/article/15), [17](https://www.legislation.gov.uk/uksi/2012/628/article/17))
[^key-e47196320aa2b484eb5bb5b08522cf80]: Words in s. 259(3)(c) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(4)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/4)
[^M_F_22b109f3-6eee-4aff-d28a-ffcaf68acb95]: Words in s. 271(7) repealed: (with effect in accordance with [s. 46(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/b) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/d), Sch. 11 Pt. 2(12) (with s. 46(7)); (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)
[^M_F_35d751a2-fee9-4461-9084-a92684035924]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_fd4a2149-4e0c-4778-eda7-6bca132a1763]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_371fddd5-984b-4443-dd48-60b82610b7a6]: Words in s. 271(7) substituted (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/a) (with s. 46(7))
[^key-c24a40d4a45eaa26aecf2e0ccb6d68c8]: Word in s. 271(7) inserted (1.4.2012) by [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-60f433c7d07203adeed60146a6f4fa20]: Words in s. 271(7) omitted (1.4.2012) by virtue of [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-414c88a837918e326a4c695325c87585]: S. 288(3A)(k) inserted (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 5 para. 16](https://www.legislation.gov.uk/ukpga/2011/4/schedule/5/paragraph/16); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-92f24ab596cdd22fa76ebf8ef41c0992]: Words in Sch. 5B para. 19(1) substituted (retrospective to 6.4.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 32](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/32), [35](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/35)
[^key-5e9d3f32ad42cf570d7221ff211a4bf0]: S. 3(3) excluded (for the tax year 2012-13) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/6)
[^key-cf816140348691076856d7428df84ff1]: S. 171 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-109d083260ac3afc7d0b76b8644abaeb]: S. 173 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-160ed9411185e0b0abf1e6d7e97f3203]: S. 105 modified (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 121(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/121/4) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-33cc0d441971e5f0c24e380443582c87]: S. 138(2) applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 257HB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/257HB/2) (as inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/1))
[^key-6a8f021a943a7db3037b7a6886b27ca3]: Word in s. 3(3) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-686957ff01fb0e94bebb14035cc605f4]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-7e4a4c0791c92d4cf4f3a0e5032f6296]: Words in s. 3(3B) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-f7e08f90382bf9dd7868152845d2b794]: Words in s. 3(4) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-ec804489581c714d14eea4fbc28699cc]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/b)
[^key-4e232860cc26545dd96dc50319853a38]: S. 10B(3A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 73](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/73)
[^key-3b09a6c7933f14070d94b73e518f48d7]: S. 13(5)(c) omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/2)
[^key-5f96dc815a49c99979c5630723f36038]: S. 103C inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/3)
[^key-e9efbf8efe5941950701d62675665f23]: S. 140C(8) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 75](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/75)
[^key-95901e81b8e767d2b2b739c4dd6dc9a8]: Words in s. 150A(3)(b) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 27(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/27/a)
[^key-a1a9210c844532995b8cf887afb34b6e]: S. 150A(3A) inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 27(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/27/b)
[^M_F_6452d5b8-3616-4ca0-b4f7-f5e78947e943]: Words in s. 150A substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/2)
[^key-32f057b8b73248db4ede11ce374df3af]: Word in s. 150A(6) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/c)
[^key-ef253cb750295558f92213d0f394f12e]: S. 150A(6)(ba) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/a)
[^key-07a64063bde4da5b6a59371a56534e4e]: Words in s. 150A(6)(c) substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/b)
[^key-0706c88cb8f712776cb0eb25100c0b08]: Word in s. 150A(6)(b) omitted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/a)
[^key-dc5ceeb3e3ac9a29446feee908527098]: Words in s. 150A(10) substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/4)
[^key-138f91d36e582cad652060ba603e8d39]: Words in s. 150A(10A) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/5)
[^key-54f271a9b18ca940d2243a80f4410346]: Words in s. 150B substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/21/2)
[^key-c050f0109eeba6e89c52e9de70977e20]: S. 150B(5A) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 21(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/21/3)
[^key-5e8400481c7b0e40fbd06e1f3135fb74]: Ss. 150E, 150F inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/3)
[^key-0a4bcc446de74a97ef5a109b9f75458e]: S. 150G inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/4)
[^key-e4a02c49ea98eeee69458f6f38677b99]: Words in [s. 151I(1)(g)](https://www.legislation.gov.uk/ukpga/1992/12/section/151I/1/g) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 76(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/76/a)
[^key-693bed8c099ba857b5c223de075ed373]: Words in [s. 151I(1)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151I/1/h) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 76(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/76/b)
[^key-abc5867c5fd54343f4a0bf98804f4fa9]: Words in s. 155 substituted (with effect in accordance with s. 37(4) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 37(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/37/1)
[^key-2fa53ae72aa4cc51d32fdd26ac88fb2b]: Words in s. 171(5) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 16](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/16)
[^key-e82212c788cea63ba6ddc96e2745dd9f]: Words in s. 171A(4) inserted (with effect in accordance with s. 181(4)(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 181(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/181/2)
[^key-89aeeba65443e16ca78088366b206494]: S. 171A(4A)(4B) inserted (with effect in accordance with s. 181(4)(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 181(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/181/3)
[^key-d6486d74180dabdf99cc23839e851c3c]: Words in s. 171C(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/2)
[^key-6677ff2ca1d3def6ea660a45838c1996]: Words in s. 171C(3)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/3)
[^key-f83b9155e36067a6b3747c047207c82a]: Words in s. 171C(4) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/4)
[^key-f11f6bc91e9264070579677c6e943726]: S. 171C(5) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/5)
[^key-f3afb03f8e723aac3fc5662ab4e6c23d]: S. 185(4A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/78)
[^key-4d421d46047c5e5390f359942cb799c3]: S. 201 repealed (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/1)
[^key-8dc6ac615f84cd27fae30dc4d8474d66]: Words in s. 202(1) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/2/a)
[^key-b9279443bac71fe86c49e14fed6d54ef]: Words in s. 202(1) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/2/b)
[^key-96ac0dc6b1b05c4a959c03a7a4f40685]: S. 202(1A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/3)
[^key-edd32d25d59e1eefe9c4c64a74d48e98]: Words in s. 202(3) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/4)
[^key-fb946d092885c7a07f7d8e3a8a38dbbf]: Words in s. 203 heading substituted (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/2/b)
[^key-4b80383cdbd0215b0760b34529f64d49]: Words in s. 203(1) substituted (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/2/a)
[^key-2d692bb330492aa4201da2d1d33bc13c]: Words in s. 203(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 47](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/47)
[^key-021965d036d7fc3effe029bd8d8da497]: Words in s. 204(10)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/79)
[^key-d7e729b50f6d56c9e53e75100231bfd3]: S. 210A(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/2)
[^key-2583b6ccbfd462062c397a4f91ddf21d]: S. 210A(10)-(10C) substituted for s. 210A(10)(10A) (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/3)
[^key-b3b9af92f0105bb51eb5f72824415e37]: Words in s. 210A(11) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/4/a)
[^key-082035f5cac1a019f724517dacdb026b]: Words in s. 210A(11) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/4/b)
[^key-80a2255cf14d51c6eec4397aee4bfabd]: S. 210A(12) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/5)
[^key-5afaac6fb24a9b934dc38e9ecfb8e7f9]: Words in s. 210A(13) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(6)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/6/a)
[^key-2ce86711ac022e17adc29b0bd86ae15c]: Words in s. 210A(13) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(6)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/6/b)
[^key-45493cdc8400c37c1a3b0d9a4deb1be8]: Words in s. 210B(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/2/a)
[^key-93921b28692589c23ae7451e3caa11c3]: Words in s. 210B(1)(a)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/2/b)
[^key-f71fef14cc48815e38d01054ecdf965b]: Words in s. 210B(7)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/3)
[^key-55565008e20c6523d77271b43924f76d]: S. 210B(8) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/4)
[^key-d97362b4c2e8262302d4ef4e25414552]: Words in s. 210B heading substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/5)
[^key-2cea166e86020c4ffc50f3174ab12462]: Words in s. 210C(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 82](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/82)
[^key-fdab7712462644334a213f9bbaa60b8c]: Words in s. 211(2)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/2/a)
[^key-6360ac10748385a606e5601eabb800c7]: Words in s. 211(2)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/2/b)
[^key-2dd3afa37fa0f7582bbc6286f028f204]: Words in s. 211(2A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/3)
[^key-5b2c61faaf16c549b43636b454f8a185]: S. 211(4) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/4)
[^key-594aad0210f1f8fd5987a8993aeca328]: Words in s. 211ZA(10) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 84](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/84)
[^key-695516374c79976ce7b7cd980d78c0fa]: Words in s. 212(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/2)
[^key-3a62a1877958afa9c7c5839dc2a31143]: S. 212(2) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/3)
[^key-7f1607962d6024b955b883a2f1ad1f87]: S. 212(9)(10) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/4)
[^key-d28501515b090c50139768b86cc8b8a5]: Words in s. 213(1A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 86(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/86/2)
[^key-947c62e0af66b25bec749069dde4338b]: S. 213(4ZA) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 86(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/86/3)
[^key-d50d9167634555f566b20253b0f5e4f7]: S. 213A inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 87](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/87)
[^key-c76dbc6a5cd7d5b94828b2cc46c96c95]: S. 221 repealed (with effect in accordance with Sch. 39 para. 18(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 15](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/15)
[^key-7e93138f1fb2ffe5b06fac9712dd738d]: S. 249 repealed (with effect in accordance with Sch. 39 para. 49(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 49(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/49/1)
[^key-a7ade433a78093aaf51dcace1e1dacbe]: S. 249 cross-heading substituted (with effect in accordance with Sch. 39 para. 49(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 49(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/49/2)
[^key-f11c73150b65654076b6cb8736665358]: S. 251(5A) inserted (with effect in accordance with s. 34(6) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/3)
[^key-1c1e9ef37b9601fb0dff9316ec8aad57]: S. 252 substituted (with effect in accordance with s. 34(6) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/4)
[^key-66bd92a1894674b69967f71d4b52bac0]: S. 252A omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/5)
[^key-0cf9891764402e04c408c7b75b3a13ae]: Sch. 8A omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/5)
[^key-dc0aa99474e15cf4886572adc4f2404a]: S. 258(1A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/2012/14/schedule/14/paragraph/34)
[^key-570a93ff07e586f08886bb2e26457b3a]: S. 288(2A) inserted (with effect for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/4)
[^key-3577419ae1b9cb447d58e57be4d98f96]: Word in s. 288(3A)(a) substituted (with effect in accordance with Sch. 39 para. 18(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 17(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/17/a)
[^key-d9ae91b0f8573d0b164eb9ef0b9c5ef5]: Words in Sch. 5B para. 2(3)(b) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 22(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/22/a)
[^key-7b7ea41fde8c163ac00a76fb87490560]: Words in Sch. 5B para. 2(4) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 22(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/22/b)
[^key-7b325a5e80d762c420fef1b6dba593f0]: Words in Sch. 5B para. 16(6) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/a)
[^key-57b83efe70ce4908479def8c408445b2]: Word in Sch. 5B para. 16(7)(b) omitted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/b)
[^key-d75dcad2e160024c49cecc52f636f6ba]: Sch. 5B para. 16(7)(ba) inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/b)
[^key-3e200fb6df618b1810d5a450b784914e]: Words in Sch. 5B para. 16(7) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/c)
[^key-c343e4a996581faf168edc2c16c58790]: Sch. 5B para. 11A and cross-heading inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/30)
[^key-e15e6e37d0c995662401f76c4aa38787]: Words in Sch. 7AC para. 6(1)(c) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/2)
[^key-fdb31fc984ba52772f433cf4f82f5e96]: Words in Sch. 7AC para. 17(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/4)
[^key-2348d31dcc955fbdb1a56576e839a54f]: Words in Sch. 7AC para. 17(3)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/5)
[^key-beb725cbc7f87688b8021b810a37df3c]: Words in Sch. 7AC para. 17(4) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/6)
[^key-831d7b5ebc287107cc23b5a823896257]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/a)
[^key-be72775147ec080d3d9a3546b3395288]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/b)
[^key-47aa59916953b2b0c14062bbe1656c9a]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/c)
[^key-2dc9a46ea2bfc5e2b13112b9fb790dbb]: Words in Sch. 7AC para. 17 cross-heading substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(8)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/8)
[^key-d909d97b9c6affea3aab2f5f1e6a5ccc]: Words in Sch. 7AD para. 1 substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 89](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/89)
[^key-712c93ff32a3dc5cadf6f174453a491f]: Sch. 10 para. 14(22)-(24) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 247(d)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/247/d)
[^key-097cf880621a747c1e1d40236447e415]: Sch. 5BB inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/5)
[^key-c79fd12a47027e40c8259317b7b8d195]: Sum in Sch. 5B para. 1(2)(da) substituted (with effect in accordance with Sch. 7 para. 33(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 29](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/29), [33(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/33/1); [S.I. 2012/1896](https://www.legislation.gov.uk/uksi/2012/1896), [art. 2(d)](https://www.legislation.gov.uk/uksi/2012/1896/article/2/d)
[^key-9c853e74e336cd73cadade2d1faa47f1]: Ss. 127-131 applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), regs. 69Z24E(2), 69Z24F(3) (as inserted (1.8.2012) by [S.I. 2012/1783](https://www.legislation.gov.uk/uksi/2012/1783), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1783/regulation/1), [4](https://www.legislation.gov.uk/uksi/2012/1783/regulation/4))
[^key-5f64d4bd191f996c6e86f6da26588ef4]: S. 137 applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24H](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24H) (as inserted (1.8.2012) by [S.I. 2012/1783](https://www.legislation.gov.uk/uksi/2012/1783), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1783/regulation/1), [4](https://www.legislation.gov.uk/uksi/2012/1783/regulation/4))
[^key-6f6f51b50bc2094ad6258692f83b47a1]: S. 170 modified (E.W.S.) (1.9.2012) by [The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012 (S.I. 2012/1868)](https://www.legislation.gov.uk/uksi/2012/1868), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1868/regulation/1), [7(5)](https://www.legislation.gov.uk/uksi/2012/1868/regulation/7/5)
[^key-6f9ed94a6970d10030487b722c73243a]: S. 212 modified (with effect in accordance with reg. 2(2) of the amending S.I.) by [The Insurance Companies and CFCs (Avoidance of Double Charge) Regulations 2012 (S.I. 2012/3044)](https://www.legislation.gov.uk/uksi/2012/3044), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2012/3044/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2012/3044/regulation/6)
[^key-7a0ff5d46e7e4094bf17cd1dc2334e3d]: S. 117 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Building Societies (Core Capital Deferred Shares) Regulations 2013 (S.I. 2013/460)](https://www.legislation.gov.uk/uksi/2013/460), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/460/regulation/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2013/460/regulation/3/2/b)
[^key-08c319d7e40846e16d99b8668ba51410]: S. 248B(1)(2) substituted (with effect in accordance with art. 2(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2013 (S.I. 2013/234)](https://www.legislation.gov.uk/uksi/2013/234), [arts. 1](https://www.legislation.gov.uk/uksi/2013/234/article/1), [2(1)](https://www.legislation.gov.uk/uksi/2013/234/article/2/1)
[^key-35a0534b306d0bf65f3ad08169f487ef]: Words in s. 117(11)(b) substituted (1.4.2013) by [The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636)](https://www.legislation.gov.uk/uksi/2013/636), [art. 1(2)](https://www.legislation.gov.uk/uksi/2013/636/article/1/2), [Sch. para. 2(a)](https://www.legislation.gov.uk/uksi/2013/636/schedule/paragraph/2/a)
[^key-660894aee60b946d5c9b33b36509c4e8]: Words in s. 117(11)(b) substituted (1.4.2013) by [The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636)](https://www.legislation.gov.uk/uksi/2013/636), [art. 1(2)](https://www.legislation.gov.uk/uksi/2013/636/article/1/2), [Sch. para. 2(b)](https://www.legislation.gov.uk/uksi/2013/636/schedule/paragraph/2/b)
[^key-e37a103813c5a0f45aaa19eaebdf26f6]: Words in [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) substituted (with effect in accordance with art. 1(3) of the amending S.I.) by [The Tax Law Rewrite Acts (Amendment) Order 2013 (S.I. 2013/463)](https://www.legislation.gov.uk/uksi/2013/463), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2013/463/article/1/2), [5](https://www.legislation.gov.uk/uksi/2013/463/article/5)
[^key-d5f2ba1c32fdb5828eb58e7a1b0011ff]: Words in s. 140F(4) substituted (with effect in accordance with art. 1(3) of the amending S.I.) by [The Tax Law Rewrite Acts (Amendment) Order 2013 (S.I. 2013/463)](https://www.legislation.gov.uk/uksi/2013/463), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2013/463/article/1/2), [6](https://www.legislation.gov.uk/uksi/2013/463/article/6)
[^key-0f9cdd4fd6d8d2b88e27ad975aca87e0]: S. 135 excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(c) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-7d1b9728988cd560276a6e57535fd833]: S. 136 excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(d) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-e889eac61d0501ef556251cd8bbbae8d]: Words in s. 99A(1) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-beb7aa9e60d0b3cb37540e00e69b2ca0]: S. 99A(2)(2A) substituted for s. 99A(2) (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-eb23ee7170960e028bbacb46faa7a76b]: S. 99A(3) omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/c) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-12ca37ad125c9b952dd79fd88a8d9923]: Words in s. 99A(4) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(d)(i)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/d/i) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9b0db790845e19fade40f9e39fe16296]: Words in s. 99A(4)(b) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(d)(ii)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/d/ii) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-15af294d80984c8bce52b04f00709408]: S. 99A(5)(6) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(e)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/e) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^M_F_55346901-4f1c-44ac-ae41-c1b504595caf]: S. 99A heading substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(f)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/f) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-caa9acfa578b19f19d3608f8f6009e5f]: S. 102 omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2013/1400/regulation/9) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9807154620f6ea4bde1c7465e359bc57]: Words in s. 103A(3) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2013/1400/regulation/10) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-1a6d2de2f5091ca69722b0fd57de63af]: S. 103D inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2013/1400/regulation/3) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-acaad0a234c9bd599fe82f6de28bbd44]: Pt. 3 Ch. 4 inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2013/1400/regulation/11) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-ff8e30ead95589e396da58d446384d43]: S. 211B inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2013/1400/regulation/4) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9b11968fb5cb8d3d7150b96ca3ff856b]: Words in s. 212(1)(b) omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [5(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/5/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-fb008bcea703a896a0d68aa0432175a4]: S. 212(1)(ba) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [5(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/5/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-4a655c7a8b61a04a4ae401050fab7752]: S. 213(4ZB)-(4ZE) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2013/1400/regulation/6) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-b956b584110c1455f60c2791d0c5df62]: Words in s. 288(1) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-5e6b933a57e6a91d39a7ada4a2d15821]: Word in s. 288(3A)(a) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-07ef9b6fc45ee0c93b8074f12f2ab8d4]: Words in s. 288(8) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(c)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/c) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-e348d398dd29539008f64db147b3f7ba]: Words in s. 288(1) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2013/1400/regulation/12) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-62b2974b1c71fb1e5b4b7a49bec3650b]: Sch. 5AZA inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2013/1400/regulation/13) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-08fe8375305fbcddabfccc47113f6266]: Act modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 97-110](https://www.legislation.gov.uk/uksi/2006/964/regulation/97) (as amended (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [reg. 14](https://www.legislation.gov.uk/uksi/2013/1400/regulation/14))
[^key-9af3d8c4dd41ec684e28fc6d60e6edbd]: S. 103G excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(a) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-e8f6c0bd53ffa9d2820b6a97d0b8d535]: S. 103H excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(b) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-f97ec93a3322c2e40e8706fe4dda5fd7]: S. 60 applied (with application in accordance with s. 58(4) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 59(8)](https://www.legislation.gov.uk/ukpga/2013/29/section/59/8)
[^key-2acbb0e9479ff4a48f408bed455b133d]: S. 21(2) applied by [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9), [Sch. 3ZB para. 14(5)](https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZB/paragraph/14/5) (as inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 49 paras. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/49/paragraph/6), [8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/49/paragraph/8))
[^key-cc60668bcf6e0be6bb43e2ce63e4ce68]: Words in s. 1(2) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/2)
[^key-9c23b1ebf461b09236f14dc7d6805e8e]: S. 1(2A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/3)
[^key-3028404a524cd3342be22940c0bf9ebf]: Words in s. 1(3) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/4)
[^key-076ab9166177f8f982e9acef6856f027]: S. 2(7A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/3)
[^key-ffa5c2d072fffb46aa6bf93ec3831f14]: Words in s. 2(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 75(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/75/2)
[^key-8d5306d762664da83f20cafd46613d25]: S. 2(1A) inserted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 75(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/75/3)
[^key-d9dbd0eccfd4ade63af4c798526ddad9]: S. 2(1B)(1C) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/2)
[^key-7cde88ca43113d494ffaefce5e6e0eab]: Words in s. 2(2) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/3/a)
[^key-0f36f46b61ea13e6e57e35baf8d607aa]: Words in s. 2(2)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/3/b)
[^key-78757713131d613f95ffebd354a50b56]: Ss. 2B-2F inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/4)
[^key-0a25d1c2b5216f7d529c52b7515a8267]: Words in s. 3A(1)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/2/a)
[^key-1dc346a1ea340dea68df605065c04eb6]: Words in s. 3A(1)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/2/b)
[^key-2427a5567e922526312337c653667ef0]: Words in s. 3A(2)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/3)
[^key-256f5b4659ed84a2cc44dd5d5b045df3]: S. 4(3A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/5)
[^key-597f6aefeab7ba933cc7a677b237b0c6]: S. 8(4A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/6)
[^key-424980291f39d0bd04ad8e9b3e53ff1f]: S. 9 omitted (17.7.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/2)
[^key-e48a0512551974277b522251f44af583]: Words in s. 10(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 76](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/76)
[^key-978e9796f972d71d80716614e881b988]: Ss. 10A, 10AA substituted for s. 10A (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 119](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/119)
[^key-03c5c20d4d1730fd14965465639b23b4]: S. 12(2A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 95(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/95/2)
[^key-f42f6757c0b87f2009d75a8571e3916b]: Words in s. 12(3) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 95(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/95/3)
[^key-7f9e058f6d30be529d40fd2e52291553]: S. 12(1) substituted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 17](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/17) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-ac9bf4f1baa15a90a0cbb9782e3cb84f]: S. 13(1A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 7](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/7)
[^key-14a01b81c9a8d1ab340032abd291a57d]: S. 13(3A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 96](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/96)
[^key-c6cb8ecee9d60442c42bb3e656b74765]: Words in s. 13(4) substituted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/2)
[^key-e26b898cc4784c80b7a92f34b1120acf]: S. 13(5)(ca)(cb) inserted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/3)
[^key-94b1f8fb5476422ffc452a4614b4f562]: Words in s. 13(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/2)
[^key-089ee07ad62ccdbd44e5304bd77a46ef]: Words in s. 13(10) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/3)
[^key-05f3d6dde810df975c16bc42506382c0]: Words in s. 13(13)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/4)
[^key-8bedf8892eb4c32b4dad59ea370e7920]: S. 13A inserted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(4)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/4)
[^key-41eef7627452029574bf43d2d37803cb]: Word in s. 16(3) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/8)
[^key-6f5045576567379d75f998a9895c38f5]: Words in s. 16(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 78](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/78)
[^key-4bd3d27dad37d2085ff80888b49e6371]: S. 16(3A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 97](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/97)
[^key-fd25a0269ae16a4089a9ac622b8dc6d5]: Words in s. 16ZB(1)(c) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 98](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/98)
[^key-04fd23e676a0c1dba151e576498beb70]: Words in s. 16ZC(3)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/2/a)
[^key-3736a370e1571d3cd2d08f1b9095ed51]: Words in s. 16ZC(3)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/2/b)
[^key-43cf8fae8794892b52a787aa8b3cd07c]: Words in s. 16ZC(7) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/3)
[^key-9c19c34fb8061c5315d28299a6d8310d]: S. 37(2A) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/6)
[^key-ce2b4b1b18e8276f5f73b5a847e416c4]: S. 39(3A) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/7)
[^key-da6c89c9d5c1256dff2248e57fcfef8b]: Words in s. 62(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 79](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/79)
[^key-8c0cef5311d924c4c47f7089e9549796]: Words in s. 65(3)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 80](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/80)
[^key-3683bdefde83f9433553f8040d0f76e6]: Words in s. 67(6)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 81](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/81)
[^key-a6333d6120c968e41b94d4c667dc3a0c]: Words in s. 69(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/2)
[^key-04742ec1ef583d51a72b47652aadb37c]: Words in s. 69(2B)(c) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/3)
[^key-313bdb6a03c5d339732614f64fb12c24]: Words in s. 69(2E) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/4)
[^key-b8d5de9ea40bafc9c0a61b7c88792fee]: S. 69(2DA)(2DB) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 102](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/102)
[^key-8e163cd3fa38f00e5b928aca1fa6ddcd]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 83](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/83)
[^key-67204a2e605090d6e38fa9b0be9ade5c]: Words in s. 80(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 84](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/84)
[^key-2ffda57919fd944751d497742867c9b4]: Words in s. 81(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/2)
[^key-86d4cae658bf49f0c63b6d6ed5564486]: Words in s. 81(3)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/3)
[^key-493e374e61370b0a9e85629a00a2863c]: Words in s. 81(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/4)
[^key-e94f87d4495ac448f055f12b4c6b81aa]: Words in s. 81(5)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/5)
[^key-b6bf02e122c30b5c29b788a6f7d3b38e]: Words in s. 82(3)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 86](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/86)
[^key-3c47889cb53c1d65fce17b67a67e0003]: Words in s. 83(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 87](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/87)
[^key-b159a6e281ea6995a4ad68f0e2f0a2a2]: Words in s. 83A(3)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/2)
[^key-5011635d46642c60956cdf687537a901]: Words in s. 83A(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/3/a)
[^key-626419f8b7e22f99e08ffafd63934dbf]: Words in s. 83A(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/3/b)
[^key-15729c3c090f5699e279368842dade3c]: Words in s. 84(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 89](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/89)
[^key-69fcc6bb1ef4c1a324cd38e0638083ab]: Words in s. 85(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 90](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/90)
[^key-a7a898996b17913f248f759cacc49db9]: Words in s. 86(1)(c) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/2)
[^key-21a934c857567c1254472adf04be6e26]: S. 86(2) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/3)
[^key-ebcf4c8e49b7b31800cb6c19026a17c7]: Words in s. 86(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/4)
[^key-c84ef3b4fab6b7df187c627d39693c03]: Words in s. 86(4)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 100](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/100)
[^key-bc712356e83a4e28a63df915fd12ce07]: S. 86A substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 120](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/120)
[^key-6a997c49be792421bfa0cd28bc626b6e]: S. 87(7) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 101](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/101)
[^key-7b5a2785bd196bfc4888d1885359812c]: Words in s. 87(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 92(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/92/2)
[^key-5455ff99489bd3769ee35013c596e48d]: Words in s. 87(4)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 92(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/92/3)
[^key-0b6fd5bbd7e8fd6957004fb3080f3425]: Word in s. 87B(1)(a) inserted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/a) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-131dde0684f25fc3e7766727b12c5a9c]: Word in s. 87B(1)(b) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/b) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-566911570e55a8d1dd110c61fa5a04e1]: S. 87B(1)(c) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(c)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/c) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-72e658b7e03f0ed90dd5599beb0f7227]: Words in s. 88(1)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 93(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/93/a)
[^key-d85367c557bb76b69740b29049df0cdd]: Words in s. 88(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 93(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/93/b)
[^key-7d0699de5481258606afa8c962f51b35]: Words in s. 96(9A) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 121](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/121)
[^key-03869b4b3a79169db3205608a8d0e0a4]: Words in s. 96(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/2)
[^key-8040059ed729936fe45b3b433c14959b]: Words in s. 96(4)(a)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/3)
[^key-12fe7be188c20edc28a07d6032d52756]: Words in s. 96(5)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/4)
[^key-4aafa70f5f089e4c79ffc7a0c10128c9]: Words in s. 97(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 95](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/95)
[^key-ee7aa0bf0f6dcb52a3334f39eaf19d88]: Words in s. 99(1)(c) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 96](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/96)
[^key-94f51ad7732b92142edef827320fb5ab]: S. 105(4)(5) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/3)
[^key-82ead3ec26e71201957ac31ad327130b]: Word in s. 106A(5) omitted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/a)
[^key-373f2d75606fe6b78119262593512d04]: S. 106A(5)(aa) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/b)
[^key-b83e608f480a548c3a67b91bbdc5cca6]: Words in s. 106A(5)(b) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/c)
[^key-fbc63b875bb5098b838595fed9dd9cc7]: S. 106A(6A)(6B) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/3)
[^key-41f2bf04857c0c3914564e9e68fe2ad5]: Words in s. 106A(10) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/4)
[^key-1bee52eac0d8120fb7d429fcbcdbc501]: Words in s. 106A(5A)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 97(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/97/a)
[^key-49e2d4a9aa49b45db653137060973176]: Words in s. 106A(5A)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 97(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/97/b)
[^key-6dacdcf7125c9d9b5286c8963f0b0df7]: Pt. 2 Ch. 5 inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/9)
[^key-d612b6ec29080f9afaf27af196fb4c46]: S. 100A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/10)
[^key-19b6739fa8decf456525dbb4b159eaaf]: Words in s. 159(2)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 98(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/98/2)
[^key-747b458d7e9c7df7253b41119d3c37e3]: Words in s. 159(5) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 98(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/98/3)
[^key-4d688b7797990269492f8d36186f8094]: Words in s. 161(1) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/2)
[^key-e415c87a590b13be412c1b0d2f828100]: S. 161(3ZA)(3ZB) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/3)
[^key-4110e6c892c4dbab786d95d5cbf2af95]: Words in s. 161(3A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/4)
[^key-bc8e621474ee8c2c2c8e927ded047081]: Words in s. 161(4) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/5)
[^key-3181a49b013c04b2490b9542acf8ee5d]: Words in s. 166(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 99(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/99/2)
[^key-8852c4c9555f1bc69d32478d975f8a7e]: Words in s. 166(2)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 99(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/99/3)
[^key-172c4c17b137b7f36a3c0d1cd10d6b78]: Words in s. 167(2)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 100(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/100/2)
[^key-ed081541d3ccd9feca13a002fcc3e480]: Words in s. 167(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 100(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/100/3)
[^key-950f2c3f80f0bab63ec8ab411abbaa3d]: Words in s. 168(1)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/2)
[^key-2f13d6fb6decddfb0d70d14d0fe85d21]: Words in s. 168(4) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/3)
[^key-37d7cc51590b23cb18efcebb3440acf5]: Words in s. 168(5)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/4/a)
[^key-2db208f1382e2ae58a940858b8bbe97d]: Words in s. 168(5)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/4/b)
[^key-483118dcef9f98320e051e2689a91030]: Words in s. 169(3)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 102](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/102)
[^key-c543f3d84493635280027cef518f2932]: S. 169D(3) substituted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/2)
[^key-a22d23eeebb81db550d76a3dc0b14193]: S. 169D(4A)-(4F) inserted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/3)
[^key-939464ae375eb3c6ba46fb72656ec683]: S. 169D(7) substituted for s. 169D(7)-(9) (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/4)
[^key-132c3fefba1dce8c870475961b6b34f8]: S. 169D(10) omitted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/5)
[^key-27e2790477ac93a17127ddaf2dd222de]: Words in s. 169D(1) inserted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 63(1)](https://www.legislation.gov.uk/ukpga/2013/29/section/63/1)
[^key-c18f84b6930813f93dce44d180de1628]: Words in s. 169I(5) substituted (with effect in accordance with Sch. 24 para. 5(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/1/2)
[^key-b8a450f4541e8b263c517af988048ea0]: S. 169I(7A)-(7R) inserted (with effect in accordance with Sch. 24 para. 5(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/1/3)
[^key-09e35c326324c3c0aef3fb469ecbd4f0]: S. 171(2)(ba) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 12](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/12)
[^key-a5e61d3f60bf3ff3ae3f007462f6d9d9]: Words in s. 199(2) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 103](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/103)
[^key-77ea815fdfe062bdc924175bcb2b6771]: Words in s. 261(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 104(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/104/2)
[^key-0a121d84107c3085cc4cde38d2f63f7b]: Words in s. 261(2)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 104(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/104/3)
[^key-cbcab8f7a6e68154e2177386a2e5cfad]: S. 263A(A1) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/2)
[^key-7ccc22eef0502d19358e2e1faa20e1b6]: Words in s. 263A(1) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/3)
[^key-2884f0b22a57d302ca375a8d76bdee23]: S. 263A(5) omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/4)
[^key-67fa9c043ae7740e5bf5c713bdfce499]: Ss. 148A-148C omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/8)
[^key-764f89c02820a5a62efdc0736527e1cd]: S. 263AA inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/10)
[^key-9f74cc87ceb02007d717751530c96dcc]: Words in s. 263F(2) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/11/2)
[^key-3484cf3fba2742cf95e4992feec14b67]: S. 263F(9)(10) substituted for s. 263F(9) (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 11(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/11/3)
[^key-65c619e790b7891be3810b11b7a4a642]: S. 263G(4) omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 12(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/12/b)
[^key-6db00c0cba4dea13df73beabf8adf368]: Words in s. 263G(2) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 12(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/12/a)
[^key-429afa5aeadeefae3b59a7795568136e]: Words in s. 271(1A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 14(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/14/a)
[^key-918400fdd4132922bf7ba75608c23cf4]: Words in s. 271(10) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 14(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/14/b)
[^key-29c9f393dad3fd262290f1fd60fb61e9]: Words in s. 279B(7) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 122(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/122/2)
[^key-b4842b445624ae3011508ef39c03702f]: Word in s. 279B(8)(a)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 122(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/122/3)
[^key-72b582d97df92418c3940a63af412659]: Words in s. 288(1) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 104(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/104/2)
[^key-587600a59ba218f1939edae17c7086b5]: S. 288(1ZB) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 104(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/104/3)
[^key-b96ebaf1a093d09094f5aa9aa58ea3a3]: Words in s. 288(1) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 15](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/15)
[^key-16398cf4cf87437b1931ef28a5bd2b67]: Words in s. 288(1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/3/a)
[^key-5e5a88a0efbcbf82045b735358027625]: Words in s. 288(8) omitted (17.7.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/3/b)
[^key-2eda499e5c7ae74262f5794b8c8be196]: Words in Sch. 1 para. 1(1) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/2/a)
[^key-fbfbacc10d8e770ed0f9b1ebd104f398]: Sch. 1 para. 1(1)(a)(b) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/2/b)
[^key-4dbfafe1bbea5c654540b9fa9e3124c0]: Sch. 1 para. 1(1A)-(1E) inserted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/3)
[^key-5c1fe45e28c7b12e2b5f6a1524468956]: Words in Sch. 1 para. 1(2) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/4)
[^M_F_4cd708b5-cd57-421c-a608-416cdcf9b988]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/5)
[^key-82404ea3e548eb101e96753768042483]: Words in Sch. 1 para. 2(7)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 105](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/105)
[^key-2fd778cea48582dfa14b85fd4b7deb01]: Words in Sch. 4A para. 5(1)(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/2)
[^key-74688eb5bcb7397430cd08ccb1bbc0f6]: Words in Sch. 4A para. 6(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/3/a) (with [Sch. 46 para. 106(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/4))
[^key-4a1d99807fcf4ec5554e8de6ced0fb6d]: Words in Sch. 4A para. 6(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/3/b) (with [Sch. 46 para. 106(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/4))
[^key-1ec9498f322852f0df325cfd5ebabd3e]: Words in Sch. 4C para. 1A(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/2)
[^key-988788c220fc7b9e9b27d549cf8f7986]: Words in Sch. 4C para. 4(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/3/a)
[^key-ca00ae9d865f16ea0a42a31c901af566]: Words in Sch. 4C para. 4(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/3/b)
[^key-b734ebed3e14887ed8173b5a70a24e60]: Words in Sch. 4C para. 5(1)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/4/a)
[^key-1ba8429f6b16636dd1832d9546c5b437]: Words in Sch. 4C para. 5(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/4/b)
[^key-863b1958304e18138a74256bd8f99fed]: Words in Sch. 4C para. 6(1)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/2)
[^key-0356d5dcbbbeef94f470515bb58b45bb]: Words in Sch. 4C para. 9(3)(a)(i) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/5)
[^key-9a7ca43ecbfbade345f9edc75741b142]: Words in Sch. 4C para. 10(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/6)
[^key-1dbd85464257acf8f8210c03f5c58266]: Sch. 4C para. 12(1)(a) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/3/a)
[^key-dbcfab9c13a0303b64bbde125e43de06]: Words in Sch. 4C para. 12(1)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/3/b)
[^key-c55b9593190b667bd6db3395b0ee2377]: Words in Sch. 4C para. 12(2) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/4)
[^key-4756732ca93a65a8ec3dfaa9ef771864]: Words in Sch. 4C para. 12A(1) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(5)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/5/a)
[^key-bea28c3b101231d0bf174c9ff34b2bc2]: Words in Sch. 4C para. 12A(1) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(5)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/5/b)
[^key-266ed85afe95869082b0ca88f437cd98]: Words in Sch. 5 para. 2A(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/2/a) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-9aac45857ac1a2d3342cf52237d581a2]: Words in Sch. 5 para. 2A(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/2/b) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-bf5f3220f1367422daa09471c3315458]: Words in Sch. 5 para. 9(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/3/a) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-4d9cab6a0df88af40ab94be54356c346]: Words in Sch. 5 para. 9(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/3/b) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-aa7050c83faeb500ef07e12eb249d75a]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/2/a) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-19ebdbb72361a2a06e2d409f3cbff8fe]: Words in Sch. 5A para. 2(1)(d) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/2/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-eb187314a14f3ed357d9f822e5c1e8c5]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/a/i) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-3cbedc883a028c5e441e232367fb5547]: Words in Sch. 5A para. 3(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/a/ii) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-4e1d732a64ae07852a9b85eb911fa969]: Word in Sch. 5A para. 3(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-d9744e8b18eae7d7f55f4a8ca2c62d62]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/a/i) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-d93fd8528eb4739061dd226b63f6af5e]: Words in Sch. 5A para. 4(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/a/ii) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-25bf0347e6ef48bebbd0b68ec34e3529]: Word in Sch. 5A para. 4(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-b1b32b4150f15e95b4a137e4cdd8d750]: Words in Sch. 5A para. 5(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(5)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/5/a) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-e27e9dc93f49038ce8b84e0d9b9e8eeb]: Words in Sch. 5A para. 5(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(5)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/5/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-edf647669166fb54e18a9f5e2c25d2c0]: Words in Sch. 5B para. 1(1)(d) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/2/a) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-265ffab8ebdf2d0d032b36e367572fbf]: Words in Sch. 5B para. 1(4)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/2/b) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-b4389515e7cce536b0aef8662217dcde]: Words in Sch. 5B para. 3(3)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/3) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-6085f6f9e5b7b887bc34da53c01f5af7]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/4) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-995ccc9f91a4b5a2f53e58a6474c1679]: Words in Sch. 5BB para. 1(2)(a) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/a/i)
[^key-43de00f69b0fe7efa419af129d0e54e0]: Words in Sch. 5BB para. 1(2)(b) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/a/ii)
[^key-1d6e4e88210a010f96a7e7a88627911a]: Words in Sch. 5BB para. 1(3)(a) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/b)
[^key-77149775792724d7bb072066adf334ee]: Sch. 5BB para. 1(5)(5A) substituted for Sch. 5BB para. 1(5) (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(c)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/c)
[^key-1abd74ab83e1092343d4ef3b61eda7b7]: Words in Sch. 5BB para. 2(1) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/a)
[^key-6e248ad486fd0d26ad15d3f60d8d0d81]: Words in Sch. 5BB para. 2(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/b/i)
[^key-9dda303ee3ad3100e9cbe30c9c8803a9]: Words in Sch. 5BB para. 2(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/b/ii)
[^key-ea6364afa72bcaed9b727e491b9ad017]: Words in Sch. 5BB para. 5(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/4)
[^key-257e8957b652c69997c6a725b79d522b]: Sch. 7C para. 8(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 111](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/111)
[^key-a2c830b77ac0581175e82137c7d5833e]: Sch. 4ZZA inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 16](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/16)
[^key-ec1825f91a607b3e46f65cb81620decb]: Sch. 7A para. 10A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 17](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/17)
[^key-a08bfe16fe138e3e9d62e3bf9858270d]: Ss. 47A, 47B and cross-heading inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 4 para. 45](https://www.legislation.gov.uk/ukpga/2013/29/schedule/4/paragraph/45)
[^key-7733d78063235d49ffecedbc97a687c3]: Ss. 162B, 162C and cross-heading inserted (with effect in accordance with s. 61(6) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 61(1)](https://www.legislation.gov.uk/ukpga/2013/29/section/61/1)
[^key-dff9ace0031475de15d9686f9718b277]: S. 187A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 13](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/13)
[^key-9d3b2d90518d19e8340852aa69827c7b]: Word in s. 58(2)(a) omitted (1.9.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 18(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/18/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-4cc5b7117a46c7de9914cd6f8ecec07a]: S. 58(2)(c) and preceding word inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 18(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/18/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-9f8ce03deaa6f851dfd4a93d07fbaf47]: Words in s. 149AA(1) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/2), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-41c0a705242b3bda5824c65e5962bfe1]: S. 149AA(1A) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/3), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-ce608f701906a085c720a75af6b1d941]: Words in s. 149AA(2) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/4/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-b72d8e24446d023ebe86e69b5d906b90]: Word in s. 149AA(2) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/4/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-383de9746435d5c3e5d636a1cb9171a3]: S. 149AA(6A) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/5), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-ecf7e0ee2beb62b2d24ace1622e84295]: Words in s. 149AA(7) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-af62d436004ab2a5246086266e118d46]: Words in s. 149AA(7) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-8e10ead8070a148e08bd2ddc3b719adf]: Words in s. 149AA heading inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-401f8cd3e3244f0e5eed296bfe2ac669]: Ss. 236B-236G and cross-heading inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 20](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/20), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-13e6b7e3fa042a4789c014bf714cd103]: S. 288(3A) extended (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [arts. 1](https://www.legislation.gov.uk/uksi/2013/2242/article/1), [3(a)(ii)](https://www.legislation.gov.uk/uksi/2013/2242/article/3/a/ii)
[^key-07d6f5c0f04c05de01924542502436e8]: S. 17 restricted (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [arts. 1](https://www.legislation.gov.uk/uksi/2013/2242/article/1), [3(b)](https://www.legislation.gov.uk/uksi/2013/2242/article/3/b)
[^key-424221562fc718f66742a92beac58002]: Act modified (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [art. 3](https://www.legislation.gov.uk/uksi/2013/2242/article/3)
[^key-9d21947e663621ada4b147b90f119dbd]: S. 117(1)(a) modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2013/3209/regulation/4) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8))
[^key-a8cf8773bde8f13831975eec452fa16f]: S. 263B(7) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 5](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/5), 52
[^key-e431175cb55a04fa7d2edb13772f7eaf]: S. 263D omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/6), 52
[^key-d8663d25d8a5406ccd02640ee9fabf4c]: Word in s. 263F(1)(c) inserted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/a/i), 52
[^key-b992d255d02d6180b715d337811cc978]: S. 263F(1)(d) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/a/ii), 52
[^key-79242d794cfa0c90fe535a4faf91734a]: Words in s. 263F(2) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/b), 52
[^key-d1fdf484aff9b2900e4b6e91695cbdff]: S. 263G(1)(d) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 8(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/8/a), 52
[^key-e3be28cc444d4d72591df661216c5fd8]: Words in s. 263G(2) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 8(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/8/b), 52
[^key-a7de5642e77c8bc86484cc49bbf80098]: Words in s. 263H(3)(b) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 9](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/9), 52
[^key-70347042eeefdbe1c75f8342eb1ebdb9]: S. 263I(1)(a)(b) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 10(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/10/2), 52
[^key-faa1ae602782f40bb37707d8c77a0fd4]: S. 263I(6) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 10(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/10/3), 52
[^key-800399434acae2126f796d3de1981c71]: [S. 100(2)-(2B)](https://www.legislation.gov.uk/ukpga/1992/12/section/100/2) omitted (6.4.2014) by virtue of [The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819)](https://www.legislation.gov.uk/uksi/2013/2819), [regs. 1(3)](https://www.legislation.gov.uk/uksi/2013/2819/regulation/1/3), [34](https://www.legislation.gov.uk/uksi/2013/2819/regulation/34) (with [reg. 32](https://www.legislation.gov.uk/uksi/2013/2819/regulation/32))
[^key-5e9fb2ac80b7cea3e995cf8f0e50383f]: Words in s. 105A substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 122(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/122/2), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-d7e3aeec49a4ea040bb8675e4017004a]: Word in s. 105A(1)(b)(ii) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 122(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/122/3), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-cc71e0b7f716b14b5c0470fee8a2a2c0]: Words in s. 105B(7)(8) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 123](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/123), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-a06b44f8bba89b8ff83a705b9a454221]: Words in s. 236A substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 34](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/34), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-3f817cdab092d71de9a7ac313920f24d]: Word in s. 238A heading omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/2), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-708cbad654133f38ec5fd7fd4e223f0f]: Word in s. 238A(1) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/3), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-002afad112e6f10c46614e927a97183c]: Words in s. 238A(2)(a) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/4), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-7baceeb32d6c1a51c605ab981fa046d7]: Words in s. 238A(2)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 124](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/124), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-9e92460c13ecb3ea7befba973f09e806]: Words in s. 238A(2)(c) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 184](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/184), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^key-3449efd984d25209b03b658943113f53]: Words in Sch. 7C heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 37](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/37), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-655a72590d045c8978d90343ae83a858]: Word in Sch. 7D heading omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 40](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/40), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-67ee2634420b09dfdc8de56246655b54]: Words in Sch. 7D Pt. 1 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 41](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/41), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-d1fbfcd8e9a48f4845a8453c1b09f247]: Words in Sch. 7D Pt. 2 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 126](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/126), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-04fcc4d9c88fe4e058136ca973539b57]: Words in Sch. 7D Pt. 3 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 186](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/186), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_b3f3cac4-0c08-46f8-fc57-13b3f7599fee]: Word in Sch. 7D para. 11(1) omitted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), Sch. 8 paras. 187(2), 204 (with Sch. 8 paras. 205-215)
[^M_F_64ba3ff9-06fc-4cba-d35d-2aab95dbeebd]: Word in Sch. 7D para. 11(2) omitted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 187(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/187/2), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_4d921299-db8d-4b6b-8990-a424a199755c]: Words in Sch. 7D para. 11(3)(a)(i) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 187(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/187/3), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_601ae019-39a4-48e2-a704-6eff07a36d8f]: Words in Sch. 7D para. 12(4)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 188](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/188), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_bac86665-7795-49ea-9079-4992cd9f994c]: Words in Sch. 7D para. 13(1)(a) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 189](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/189), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_c0bed3de-a0c4-4707-8e40-abbaa327db18]: Words in Sch. 7D para. 13(3) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 189](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/189), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^key-2de2f59700a95b88d69b6877fe4f623d]: Words in Sch. 7C para. 2(1) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 38](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/38), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-98eae3168d717d424b64fdc6ae1e6314]: Words in Sch. 7D para. 1(1) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 42(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/42/2), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-066eca39c0025244e02609fb07bf70f8]: Word in Sch. 7D para. 1(2)(3) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 42(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/42/3), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-9a805f95cb49a5b01c9efa9f43840ac3]: Word in Sch. 7D para. 2(1)(a) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 43](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/43), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-6e82a5c451ac5643e9ad4c30dcb51584]: Word in Sch. 7D para. 9(1)(2) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 127](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/127), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-3e71b05d36c018cacaac66ba53e46931]: Words in Sch. 7D para. 10(1)(a)(i) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/2/a), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-51d2d1e8c8990e1c814808104ced5618]: Words in Sch. 7D para. 10(1)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/2/b), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-390623aee7d2b5ef41aea6629c54b621]: Sch. 7D para. 10(3)(3A) substituted for Sch. 7D para. 10(3) (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/3), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-073d0ce2ce81c943adb1fe43b4927e27]: Ss. 104-114 modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(2)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/2) (as amended (6.4.2008) by [S.I. 2008/704](https://www.legislation.gov.uk/uksi/2008/704), [regs. 1](https://www.legislation.gov.uk/uksi/2008/704/regulation/1), [15(2)](https://www.legislation.gov.uk/uksi/2008/704/regulation/15/2), (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 87](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/87), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89))
[^M_F_1c87fe4b-5186-4ac2-add9-3a37001a8809]: Ss. 236H-236U and cross-heading inserted (with effect in accordance with [Sch. 37 para. 2](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/1) (with [Sch. 37 paras. 3](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/4))
[^M_F_243952e8-c54a-40d8-d8c3-b0142dd910e5]: S. 104(4A) inserted (with effect in accordance with [Sch. 37 para. 18(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/18/2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para 18(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/18/1)
[^key-00dfd986f9c886b2c7aa3a3397e220ad]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(a) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-f82cf439a48bf0086f6df9434e3f2a8f]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-1df9d4ee5b94c83656be93cecb00a530]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-3dd4c16c67cbfba39e1a4285c711e7a3]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-5889aa221ad38c55641b125526f38087]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-09b7a11886eeac5f26a384eae6686138]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-c702d14bbd5d9f6064853fa9a2cb45f8]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-e0c6c036b4045d60180030f9a1822a40]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-cff0ebc7e9e5e375b4928724b740517b]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-34dd9ac723c244bb30d3c5b711f5c28e]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-bfa5d15b57122ea0292e0189245eb22d]: Words in s. 61(3)(a) substituted (22.4.2014) by [Crime and Courts Act 2013 (c. 22)](https://www.legislation.gov.uk/ukpga/2013/22), [s. 61(3)](https://www.legislation.gov.uk/ukpga/2013/22/section/61/3), [Sch. 9 para. 131](https://www.legislation.gov.uk/ukpga/2013/22/schedule/9/paragraph/131); [S.I. 2014/954](https://www.legislation.gov.uk/uksi/2014/954), [art. 2(c)](https://www.legislation.gov.uk/uksi/2014/954/article/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2014/954/article/3)) (with transitional provisions and savings in [S.I. 2014/956](https://www.legislation.gov.uk/uksi/2014/956), arts. 3-11)
[^key-bad9459e008920cb17c2db6e416068e8]: Words in s. 61(3)(a) inserted (22.4.2014) by [The Crime and Courts Act 2013 (Family Court: Consequential Provision) Order 2014 (S.I. 2014/605)](https://www.legislation.gov.uk/uksi/2014/605), [arts. 1](https://www.legislation.gov.uk/uksi/2014/605/article/1), [20](https://www.legislation.gov.uk/uksi/2014/605/article/20)
[^key-ada88b341063e43111d75368a538850a]: S. 3(3) excluded (for the tax year 2014-15) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/8/2)
[^key-998f61fc605ea421b8e257fe74c7e659]: S. 3(3) excluded (for the tax year 2015-16) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 9(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/9/2)
[^key-adf4217a0bbd96a8c8c712d14f1b893e]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-aaaa0937550e25cbb0512d18007a2d11]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-0e232bff228df7f2696bfc08448c7cb5]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-c690b2c4ab4b897e8c9c2a7ede17e69f]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-3caf593353c42a277e3306d4f68d9c28]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-c771c31b6b7649eadb31cf1a0b2c4cfb]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-549a7c8f4ea5f93baa41534597d786d5]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-7485b67758ed9055c2d4c0df4232014a]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-c8edb7e5bbb49a5a3bb71d183d501fa9]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-c5a086c275d88d0b139d4ffcc3565a12]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-a6fa177212fc8b7b843721548379db45]: S. 127 modified by Income Tax Act 2007 (c. 3), s. 257TA(6) (as inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/11/paragraph/1))
[^key-c6c99bbaaae78f4fe6c4209025e522ae]: Ss. 236J, 236K applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(2)(b) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-0f06966b28289660a380e3a1c642e693]: S. 236L applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(3) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-3d38aaf5ddda74cc8cca5f13b0aa3ee0]: S. 236M applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(2)(a) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-c676840b9e82cece5328895b1bd708e4]: S. 286 applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312G(6)(c) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-9a8c86379f0b1cf0397a74d5810daeb9]: Words in s. 4(4)(5) inserted (with effect in accordance with Sch. 38 para. 15(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 38 para. 15(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/38/paragraph/15/2)
[^key-d77ceaa30d4f02bbb0c5505f86f45bc6]: Words in s. 4A(5) inserted (with effect in accordance with Sch. 38 para. 15(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 38 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/38/paragraph/15/3)
[^key-9fb477175c6322164d001a41480fe276]: S. 12(1A) inserted (with effect in accordance with s. 59(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/59/2)
[^key-37384c0868d5acd17cfdb08f2a2e2bb8]: Words in [s. 72(1B)(a)(iii)](https://www.legislation.gov.uk/ukpga/1992/12/section/72/1B/a/iii) substituted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/2/a)
[^key-f502ae757a42f5bb3319aa4b7d986efd]: [S. 72(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/72/6) inserted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/2/b)
[^key-e3b2660dcf457c785e74dd3ee5889433]: Words in [s. 73(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/73/3) substituted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(3)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/3)
[^key-6841a5c206e8264e9829b0800a4ede45]: Words in s. 150G omitted (17.7.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/2)
[^key-e13bfc562530c9397bec1358f8a56b59]: Words in s. 155 inserted (with effect in accordance with s. 61(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 61(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/61/2)
[^key-ff8002bb1c0d1e19a9dccd0f90fbf6c0]: Words in s. 155 inserted (with effect in accordance with s. 61(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 61(3)](https://www.legislation.gov.uk/ukpga/2014/26/section/61/3)
[^key-e1f7245fe4a9b3d9fd9331bacb28db2c]: Words in s. 156ZB(1) substituted (with effect in accordance with s. 62(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/62/1)
[^key-17db8a9893e85b61bdcd8f6f5dd20459]: S. 184G(2)(3) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(1)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/1/a)
[^key-04779e084d6bbf2d07051061d24bf48e]: Words in s. 184G(4) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(1)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/1/b)
[^key-136ecceebee57d6c5e26e274fa4dea6f]: Words in s. 184H(2)(b) omitted (with effect in accordance with s. 63(3) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/a)
[^key-9c5a731cdf1190510587d6b05e0fdd25]: S. 184H(3) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/b)
[^key-ce631c151d6359b630a353abab70f910]: S. 184H(4)(a) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/c)
[^key-e9548a8d0c4cd857dc053d42f6e8bbae]: Words in s. 184H(10) inserted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(d)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/d)
[^key-2337140362be3ce4caefbc98ef12b523]: Words in s. 223(1) substituted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/a)
[^key-2c4c7806434653f56315eb70211d8ce6]: Words in s. 223(2)(a) substituted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/a)
[^key-450f73843eb698f426caba3cd38ef337]: S. 223(5)(6) omitted (with effect in accordance with s. 58(4) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/b)
[^key-ad22ec1fb9963982faf2d098bf9d8108]: Word in s. 223(8) omitted (with effect in accordance with s. 58(4) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-cfaf111271de77d70d94739a73f94586]: S. 223(8)(ab) inserted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-d6680d3e5dcb3307e280da80cefd10c4]: S. 225E inserted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-27493a4269dfdfbbadb23624f6223d08]: Words in Sch. 5BB para. 1(2)(a) substituted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(1)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/1/a)
[^key-db83615a0fe3dcc83be4a08b0ed08466]: Words in Sch. 5BB para. 1(5A) substituted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(1)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/1/b)
[^key-9c99c57e344a102d4a42a41c2a708215]: Sch. 7AC para. 15A(2A) inserted (with effect in accordance with s. 72(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/72/1)
[^key-e3b3aa19b40a2eb7074870b2d1c42381]: Ss. 59B, 59C inserted (with effect in accordance with Sch. 17 para. 21 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2014/26/schedule/17/paragraph/17)
[^key-8876471476348382fc49f53488bd5bc8]: [Ss. 198J-198L](https://www.legislation.gov.uk/ukpga/1992/12/section/198J) inserted (with effect in accordance with s. 71(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/71/1)
[^key-887803833668cc4bd95d80cb0b3d24c2]: [Ss. 255A-255E](https://www.legislation.gov.uk/ukpga/1992/12/section/255A) and cross-heading inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2014/26/schedule/12/paragraph/2)
[^key-8dab66ea7e92522842922fca9da4cfcf]: Sch. 8B inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2014/26/schedule/12/paragraph/3)
[^key-68e2c5447653b99a2599a6e6eb8f451f]: Words in s. 140E(1)(b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 47(2)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/47/2) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 3(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/3/a), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-969bab592d0179e83055a96ce7d7fe52]: Words in s. 140E(9)(a) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 47(3)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/47/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 3(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/3/b), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-fb198d11de30cdb97700e5dc139b4865]: Words in [s. 140F(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/1/b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 48](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/48) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-b9163c8a191f05a58186717fbebed0c4]: Words in [s. 140G(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140G/1/b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 49](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/49) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/5), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-28e2e5c9e22fe363e55d3455b9da5702]: Words in s. 170(2)(c) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 50(2)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/50/2) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 6(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/6/a), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-2cf5c953c48897f22303e1be263cc775]: Words in s. 170(9)(c) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 50(3)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/50/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 6(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/6/b), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-bc6957f459b555a34cd088a88f191f30]: S. 217D(3)(a) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 52](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/52) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5))
[^key-83ea8b05b29003c496610d048c8ef90e]: S. 217D(3)(aa) inserted (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/1), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15)
[^key-afa86923126aa4e0c57322b86cd07c46]: Words in s. 217D cross-heading substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 51](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/51) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5))
[^key-829df5d10f593bc006f197014acb2854]: Words in Sch. 7AC para. 26(4) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 53](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/53) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 7](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/7), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-862e80f4d945873bbcafd29e0d3f74e4]: S. 169I modified (18.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 43(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/4)[(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/5)
[^key-cec4724b1e50bf1dd3df587ae935e0f0]: Words in s. 169S(5) omitted (18.3.2015) by virtue of [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 43(3)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/3)[(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/5)
[^key-bdfe37894ae95a44b3b7e1364d2bb475]: Words in s. 1(2A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/2)
[^key-21f99b9a2f6b246bbdc6c717e7659a4c]: S. 2(2A)(2B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/3/2)
[^key-7028142a38e39e6b82bbb5aedba7d7e0]: S. 2(7B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 3(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/3/3)
[^key-d5b8e5cbe5c7091cf8994734255e3aa0]: Words in s. 2B(10) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/4)
[^key-73a265907f07798fa82bf48b960c0e73]: Words in s. 2C(6) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/2)
[^key-25471b211cbfdad76243e4c82f83b07c]: Words in s. 2C(6) inserted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/3)
[^key-66e14145d1ae84fdffc3be9ca698d9b8]: Words in s. 2C(7)(b) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/4)
[^key-7db96124d19b4c0dbf427a98d197994f]: Sum in s. 2D(2) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/2)
[^key-4c442693ee19d9619f98f6c543b4a72d]: Sum in s. 2D(3) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/3)
[^key-cfe5b749868f686b9df6780c6052080f]: Sum in s. 2D(5) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/4)
[^key-5079be6faeb5867956c9370b93cdf915]: Word in s. 2E(3) inserted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 5(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/5/a)
[^key-fa783c3cd2a87f8a642a6c17be7dc0c3]: Word in s. 2E(3) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 5(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/5/b)
[^key-a4a3b4a036708076f27a01141764218c]: Words in s. 3(5) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/2)
[^key-757678c5ae9e438600e3c35aba1c25fa]: S. 3(5BA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/3)
[^key-df19c86d24b7f8658501cc0c6dee1225]: Words in s. 3(5C) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/4)
[^key-2caa19c233f541cc0710db2c30121c0a]: S. 3(5D) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/5)
[^key-01f930414cc4d566e9c65053e9cd0fd2]: Word in s. 3(7) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(6)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/6)
[^key-021264ca1c705e7b153e4eaa7eca7603]: S. 4(3B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/6)
[^key-4d9b13db5252e54caebc13cc8e7404f5]: S. 4B substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/7)
[^key-38690e01b32ff0b17282612ceb38770d]: Words in s. 8(1)(b) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/8/2)
[^key-cbc6cea0ebaf3dab326119dbc118db66]: S. 8(4B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/8/3)
[^key-0d2e0479c09603e6f312ed082af8253c]: S. 10A (as it has effect where the year of departure as defined in Finance Act 2013 (c. 29), Sch. 45 Pt. 4 is the tax year 2012-13 or an earlier tax year) amended (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/9)
[^key-be2cecbd15d78193a6c8b4a2fe99f907]: Words in s. 13(1A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/10)
[^key-02d69f83932a47f174039656cfee6352]: Ss. 14B-14H and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/11)
[^key-10564a19e43d6d03b59f1979ce0a3ba0]: Words in s. 16(3) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/12)
[^key-4cfd34b711e8df7aea9b01efb1207877]: S. 25ZA inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/13)
[^key-a646fbac18a15d1e78e9ae5458120a08]: S. 48A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 14](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/14)
[^key-e47060c0b938dc2ca1e11caab12cb622]: S. 45(3A)-(3D) inserted (with effect in accordance with s. 40(2) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/40/1)
[^key-e8aa4bd53cb8a6026ef68852efdaace6]: S. 57A(3) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/15)
[^key-50333ee3947bec49c2ba6c963eb404ac]: Pt. 2 Ch. 6 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 16](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/16)
[^key-2bed5fe34284c8e22e3ba81905012142]: Words in s. 62(2A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 17(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/17/2)
[^key-170ff92131113772de572acb99eb8af2]: S. 62(2AA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 17(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/17/3)
[^key-eeb00e4ed69802e462c6024d5ccfe278]: S. 80A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/18)
[^key-36aa2b15407965804da31c78388fd5f9]: S. 86(4ZA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/19)
[^key-845b3ebcaecd324a1d0ed08d65d65926]: S. 87(5A) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 20](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/20)
[^key-8a103aff036356dd3cf2d2682f5c802a]: Words in s. 139(1A)(a) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/2/a)
[^key-1ddbb0b4d360ede20f57bf43d955e993]: Words in s. 139(1A)(b) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/2/b)
[^key-841d83452e4d440b1a6a7f48adff3798]: S. 139(1AA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/3)
[^key-268b7c921f5f4442519ddf56ac65ec55]: S. 159A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/22)
[^key-f78631df0abf3ece90abdb92c711abd5]: Word in s. 165(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 23(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/23/2)
[^key-fc11cbde9674165879959c84c78002a6]: S. 165(7A)-(7C) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/23/3)
[^key-2ddd9bb8bd7a05d4ca0740c9bb5c6ee1]: Words in s. 166(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/24)
[^key-86b83bc5924bbb0e34ce5ebd25fbc947]: Words in s. 167(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/25)
[^key-2b4495b1fae1f23fbe9a2f63baf236a8]: S. 167A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/26)
[^key-125a9411a0a3e949cf7fbcdd381d8e36]: S. 168A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/28)
[^key-f5bcfd90ce4ab08aca44abadcf0c083a]: S. 168(1)(aa) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/27)
[^key-c8773ffaf8ecafa017cdccfe451c69f4]: S. 187B inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/29)
[^key-c4cc9daedbca0e4cf18f2fa6e7f15d56]: Ss. 188A-188K and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/30)
[^key-99658ba87a175182b7537bc95f1c210f]: Words in s. 169H(3) substituted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/2)
[^key-882215c42fb250c3920eb00cb8b3efec]: S. 169K(1)-(2) substituted for s. 169K(1)(2) (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/2)
[^key-0cbe4588be59ea68597130259de53373]: Word in s. 169K(3) substituted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/3/a)
[^key-3e8d5e03c81bdce6e8e9653173a10064]: Words in s. 169K(3) substituted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/3/b)
[^key-36f9f91805e7e7c4242a767bb21ff46c]: S. 169K(3A)-(3C) inserted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/4)
[^key-acd557f27ac8e647130e6dbd56938ee7]: S. 169K(6)-(9) inserted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/5)
[^key-bef6776b84ad5938c6f156e7b19c2160]: Words in s. 169L(2) inserted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/3)
[^key-54ea0f4b438d9f963d152234675185d4]: S. 169LA inserted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/4)
[^key-b8c2e054d55f5523c6a7494d0d0d240a]: S. 222(6A) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 2(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/2/a)
[^key-42534c1061efd84f61762ac10cb61a39]: Word in s. 222(7) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 2(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/2/b)
[^key-72dac0ced9cf5235a50d33f0065dd7aa]: Ss. 222A-222C inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/3)
[^key-776d5c03a8494127e9a41e17fcefb37d]: Words in s. 223(3) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/2/a)
[^key-a8c90b296acc65d70b0b9a0bece2e6b6]: Words in s. 223(3) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/2/b)
[^key-39f079c6149982c7f4f07cc432340acc]: S. 223(7)-(7B) substituted for s. 223(7) (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/3)
[^key-3f930331b4f5427e5d514c3ebc426909]: S. 223A inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/5)
[^key-5a8119fdc0e02add89556da073464212]: S. 225 renumbered as s. 225(1) (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/2)
[^key-d0428df0a7828f9a3a01a28083210a84]: Word in s. 225(1) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/a)
[^key-1804b4a9e093c56132312275f1615a2d]: Words in s. 225(1)(a) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/b)
[^key-48465d231c9b7e398d987946ddc700a6]: Words in s. 225(1)(b) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(c)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/c)
[^key-18c40dde9ca6dfddcb077539ec9e58cc]: S. 225(1)(c) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(d)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/d)
[^key-1f7b25a2ac6c69aba725d2a2c7a05162]: S. 225(2) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/4)
[^key-bb97c7d13b3267002df4d5bec8aca493]: Words in s. 225A(5)(a) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/a)
[^key-f5cec2fc2a937d71551f77ff25ef5770]: S. 225A(5)(aa) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/b)
[^key-d74365c9ca39d55f815b87c3f7226e2b]: S. 225A(5)(c) and preceding word inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/c)
[^key-9d5eed612c5123a8936211a0802dd2c6]: S. 225A(7) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/3)
[^key-5f50ff015492d11e1d115de453ecdd46]: Words in s. 225B(4) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/8)
[^key-0e44197f080a90afb616207058361fea]: Words in s. 225E(6)(b) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/9)
[^key-72d53142f55817c8725dd008d8dc6c13]: Words in s. 260(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/31/2)
[^key-cb450b7cc15ecfecbb6e27df3df1f916]: S. 260(6ZA)-(6ZC) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/31/3)
[^key-dfa24ac12f0a6dcd49601bcb23bcb3df]: Words in s. 261(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/32)
[^key-ad9314f8418dff4ed2b6963a033a02ad]: S. 261ZA inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 33](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/33)
[^key-6055fca646ba138918692edb2e8e49e1]: S. 287(4)(b) substituted (with effect in accordance with s. 125(4) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 125(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/125/1)
[^key-62823b5600254a87fb375f64a7965d0f]: Words in s. 288(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/34)
[^key-72bc53b6c462636a0470c924944c0970]: Word in Sch. 1 para. 1(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 35(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/35/2)
[^key-7d7bdac92fa564e3ba52b5435d8847f0]: Word in Sch. 1 para. 2(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 35(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/35/3)
[^key-6cf30a01410be4bcfed0a78ce0446500]: Sch. B1 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 36](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/36)
[^key-bf084d56738f6600bd69e1117220074c]: Sch. C1 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 37](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/37)
[^key-c42e169de1ec34a55801e02cc9e5f38c]: Sch. 4C para. 4(3) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 40](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/40)
[^key-5298e4ef2996e70b1b8213b979189bda]: Sch. 4ZZA para. 1 renumbered as Sch. 4ZZA para. 1(1) (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/2)
[^key-8ea827cd9a71e4a507c0212f3bf9b40b]: Sch. 4ZZA para. 1(2) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/3)
[^key-dbddceaa97de77ff1bd40ecb7f56ab0f]: Words in Sch. 4ZZA para. 2(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/4)
[^key-398d0e6dec525acf8b13492039a9ec88]: Sch. 4ZZA para. 2 substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/8)
[^key-3d5c567b9218048b7f1f8c833ad6f89e]: Sch. 4ZZA para. 2 cross-heading substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/7)
[^key-2ef5a645c7846a7d891b8027ef12f5b2]: Words in Sch. 4ZZA para. 3(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/2)
[^key-6c194d2e22ab9f04268b95b1a7139645]: Words in Sch. 4ZZA para. 3(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/3/a)
[^key-d232a97f4531f47017f4a86fe236a303]: Words in Sch. 4ZZA para. 3(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/3/b)
[^key-ffdaaa8eb8b0eddde42c8bb475484e69]: Words in Sch. 4ZZA para. 3(5) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/4)
[^key-cb9d9949546a80ecc842913a5d739387]: Word in Sch. 4ZZA para. 4(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/2/a)
[^key-ddbc948425137f6a540a2d89891e6306]: Word in Sch. 4ZZA para. 4(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/2/b)
[^key-7837a4ab94abc74dcf97700d5d5e6d3c]: Word in Sch. 4ZZA para. 4(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/3/a)
[^key-7f519ad666cf78858886ce0b39221b1e]: Words in Sch. 4ZZA para. 4(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/3/b)
[^key-892cf70447c869895336c978a01a9238]: Word in Sch. 4ZZA para. 4(4) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/4)
[^key-da40e0fb2837e72e46a7812120b355f4]: Word in Sch. 4ZZA para. 4(5) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/5)
[^key-d2d63f820f2c5cdee612975cbff149e8]: Sch. 4ZZA para. 5(3A) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/5)
[^key-d69fa54176f8db278626c5eb50b12e0c]: Words in Sch. 4ZZA para. 5(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/2)
[^key-d63cf11b05984e8129d1b728bb52e66c]: Words in Sch. 4ZZA para. 5(3) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/3)
[^key-317a2a7fea30661d3f3509937b94d878]: Sch. 4ZZA para. 5(6) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/4)
[^key-829d4b22523fe43a8e055389280fe7e4]: Sch. 4ZZA para. 6(1)(b) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 13](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/13)
[^key-929564feb31c051dd38269e18fe78a3d]: Words in Sch. 4ZZA para. 6 cross-heading substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/12)
[^key-663d0fc42ade5ea32e8b912361084e9c]: Sch. 4ZZA para. 6A and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(6)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/6)
[^key-a4496365ec91b8392bcf2673ee7871c6]: Sch. 4ZZA paras. 8, 9 and cross-headings inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(7)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/7)
[^key-68360b74b1a4b613c0acc1547b146d89]: Sch. 4ZZB inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/39)
[^key-5bc0f123bcc473bdf47bcbb1f2b69152]: Pt. 5 Ch. 4 inserted (with effect in accordance with s. 44(2) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/44/1)
[^key-f38d4c0585afa4e37c271a27fe1f17a8]: Words in [Sch. 2 para. 10(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/2/paragraph/10/3) substituted (N.I.) (13.2.2015 for specified purposes, 1.4.2015 in so far as not already in force) by [Planning Act (Northern-Ireland) 2011 (c. 25)](https://www.legislation.gov.uk/nia/2011/25), [s. 254(1)](https://www.legislation.gov.uk/nia/2011/25/section/254/1)[(2)](https://www.legislation.gov.uk/nia/2011/25/section/254/2), [Sch. 6 para. 64](https://www.legislation.gov.uk/nia/2011/25/schedule/6/paragraph/64) (with [s. 211](https://www.legislation.gov.uk/nia/2011/25/section/211)); [S.R. 2015/49](https://www.legislation.gov.uk/nisr/2015/49), [arts. 2](https://www.legislation.gov.uk/nisr/2015/49/article/2), [3](https://www.legislation.gov.uk/nisr/2015/49/article/3), [Sch. 1](https://www.legislation.gov.uk/nisr/2015/49/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisr/2015/49/schedule/2))
[^key-d24a1d6cd8e5b4f5c9e5c64b30196bbc]: Act applied (S.) (1.4.2015) by [Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)](https://www.legislation.gov.uk/asp/2013/11), [ss. 62](https://www.legislation.gov.uk/asp/2013/11/section/62), [70(2)](https://www.legislation.gov.uk/asp/2013/11/section/70/2) (with [s. 69](https://www.legislation.gov.uk/asp/2013/11/section/69)); [S.S.I. 2015/108](https://www.legislation.gov.uk/ssi/2015/108), [art. 2](https://www.legislation.gov.uk/ssi/2015/108/article/2)
[^M_F_e04ebaad-c777-4a52-c438-c43f833f6814]: Sum in s. 3(2) substituted (for the tax year 2015-16) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/9/1)
[^key-803b90ffdbb3d0472acd38765934d7d0]: S. 272(3)(4) substituted (with effect in accordance with Sch. 26 para. 4(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/4); S.I. 2015/635, art. 2
[^key-8e40b6a07ce0bae797ebdfa43e201a57]: Words in s. 119A(5A) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 23](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/23), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-a701ae713fb8ce797d3ee90d565076cc]: Words in s. 119B heading substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/2), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-808156351b76990c5071a64a66fcfc7c]: Words in s. 119B(1) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/3), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-708a85824cfc3aed7ee33fb832355853]: S. 119B(1A) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/4), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-1179db347f187a15552e8e82088bb999]: Word in s. 119B(2) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(5)(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/5/a), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-8ca50a61f0f03a236ea06cae57a4fdd9]: S. 119B(2)(a) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(5)(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/5/b), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-25f6b002bfe6cbd174b078024b30190e]: Word in s. 119B(3) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(6)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/6), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-6218c541addbb38daccb4d4bb70da74c]: Words in s. 144ZB(2)(a) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 25](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/25), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-a426f426afa6a4fcfa2e720b1e819c65]: Words in s. 149A(1)(b) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 26](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/26), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-43e89ea174550389a6b7e7912e8cfdcc]: Words in s. 149AA(7) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 27(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/27/a), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-8caa0bb5aff7f19fde99ab642ec6da77]: S. 149AA(7)(b) and preceding word inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 27(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/27/b), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-c734388a1673f627b2cd4856e5b970c2]: Words in s. 288(1A) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 28](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/28), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-f7515e7300a19e122aef1c08ad8ecbf5]: Words in [s. 263AZA(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/263AZA/2) substituted (26.5.2015) by [Deregulation Act 2015 (c. 20)](https://www.legislation.gov.uk/ukpga/2015/20), [ss. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2015/20/section/57/3/a), [115(3)(e)](https://www.legislation.gov.uk/ukpga/2015/20/section/115/3/e)
[^key-3acc69ba34f80c01ad1d801854535bcd]: Act modified (E.W.S.) (7.8.2015) by [The Housing and Regeneration Transfer Schemes (Tax Consequences) Regulations 2015 (S.I. 2015/1540)](https://www.legislation.gov.uk/uksi/2015/1540), [reg. 6](https://www.legislation.gov.uk/uksi/2015/1540/regulation/6) (with [reg. 3](https://www.legislation.gov.uk/uksi/2015/1540/regulation/3))
[^M_C_7868c94b-dcf7-4e77-8f60-4675e94c7ea6]: S. 104 applied (with modifications) by [S.I. 1989/469](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as inserted by [S.I. 1996/846](https://www.legislation.gov.uk/uksi/1996/846), [reg. 11(b)](https://www.legislation.gov.uk/uksi/1996/846/regulation/11/b))
[^M_C_8a1ef054-e170-454f-efce-eedea094e571]: S. 107 modified by [S.I. 1989/469](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27A(2A)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27A/2A) (as inserted (6.4.1996) by [S.I. 1996/846](https://www.legislation.gov.uk/uksi/1996/846), [reg. 11(b)](https://www.legislation.gov.uk/uksi/1996/846/regulation/11/b))
[^M_C_edafdbcc-c58c-4a4d-a7c7-469c9ebf9ee1]: S. 21(2)(b) applied by [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9), [Sch. 3ZC para. 12(2)](https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZC/paragraph/12/2) (as inserted (retrospective to 11.7.2019 and with effect in accordance with [Sch. 7 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2020/14/schedule/7/paragraph/4/1/a) of the amending Act) by [Finance Act 2020 (c. 14)](https://www.legislation.gov.uk/ukpga/2020/14), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/2020/14/schedule/7/paragraph/2))
#### Contingent liabilities.
#### Shares beginning or ceasing to be shares to which section 521B of CTA 2009 applies
#### Procedure for clearance in advance.
#### Increase in expenditure by reference to tax charged in relation to shares etc.
#### Relief for disposals by individuals on retirement from family business.
#### Postponement of charge on transfer of assets to non-resident company.
#### Relief on re-investment for individuals.
## SCHEDULE 7A
### Application and construction of Schedule
##### 1
- (1) This Schedule shall have effect, in the case of a company which becomes a member of a group of companies (“*the relevant group*”), in relation to any pre-entry losses of that company, but this Schedule shall have no effect in any case where section 184A (restrictions on buying losses: tax avoidance schemes) has effect in relation to those losses.
- (2) In this Schedule “*pre-entry loss*”, in relation to any company, means any allowable loss that accrued to that company at a time before it became a member of the relevant group.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) If—
- (a) the principal company of a group of companies (“*the first group*”) has at any time become a member of another group (“*the second group*”) so that the two groups are treated as the same by virtue of subsection (10) or (10A) of section 170, and
- (b) the second group, together in pursuance of that subsection with the first group, is the relevant group,
then, except where sub-paragraph (7) below applies, the members of the first group shall be treated for the purposes of this Schedule as having become members of the relevant group at that time, and not by virtue of that subsection at the times when they became members of the first group.
- (7) This sub-paragraph applies where—
- (a) the persons who immediately before the time when the principal company of the first group became a member of the second group owned the shares comprised in the issued share capital of the principal company of the first group are the same as the persons who, immediately after that time, owned the shares comprised in the issued share capital of the principal company of the relevant group; and
- (b) the company which is the principal company of the relevant group immediately after that time—
- (i) was not the principal company of any group immediately before that time; and
- (ii) immediately after that time had assets consisting entirely, or almost entirely, of shares comprised in the issued share capital of the principal company of the first group.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In determining for the purposes of this Schedule whether any allowable loss accruing to a company under section 116(10)(b) is a loss that accrued before the company became a member of the relevant group, any loss so accruing shall be deemed to have accrued at the time of the relevant transaction within the meaning of section 116(2).
- (10) In determining for the purposes of this Schedule whether any allowable loss accruing to a company on a disposal under section 212 is a loss that accrued before the company became a member of the relevant group, the provisions of section 213 shall be disregarded.
### Pre-entry proportion of losses on pre-entry assets
##### 2
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
#### Meaning of “qualifying corporate bond".
#### Calculation of the disposal cost of accumulation units
#### Meaning of “qualifying corporate bond".
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Roll-over relief on re-investment by trustees.
#### Application of sections 127 to 131.
#### Seed enterprise investment scheme: reduction of relief
#### Use of earn-out rights for exchange of securities.
##### 98A
Schedule 5A to this Act (which contains general provisions about information relating to settlements with a foreign element) shall have effect.
##### 144A
- (1) In any case where—
- (a) an option is exercised; and
- (b) the nature of the option (or its exercise) is such that the grantor of the option is liable to make, and the person exercising it is entitled to receive, a payment in full settlement of all obligations under the option,
subsections (2) and (3) below shall apply in place of subsections (2) and (3) of section 144.
- (2) As regards the grantor of the option—
- (a) he shall be treated as having disposed of an asset (namely, his liability to make the payment) and the payment made by him shall be treated as incidental costs to him of making the disposal; and
- (b) the grant of the option and the disposal shall be treated as a single transaction and the consideration for the option shall be treated as the consideration for the disposal.
- (3) As regards the person exercising the option—
- (a) he shall be treated as having disposed of an asset (namely, his entitlement to receive the payment) and the payment received by him shall be treated as the consideration for the disposal;
- (b) the acquisition of the option (whether directly from the grantor or not) and the disposal shall be treated as a single transaction and the cost of acquiring the option shall be treated as expenditure allowable as a deduction under section 38(1)(a) from the consideration for the disposal; and
- (c) for the purpose of computing the indexation allowance (if any) on the disposal, the cost of the option shall be treated (notwithstanding paragraph (b) above) as incurred when the option was acquired.
- (4) In any case where subsections (2) and (3) above would apply as mentioned in subsection (1) above if the reference in that subsection to full settlement included a reference to partial settlement, those subsections and subsections (2) and (3) of section 144 shall both apply but with the following modifications—
- (a) for any reference to the grant or acquisition of the option there shall be substituted a reference to the grant or acquisition of so much of the option as relates to the making and receipt of the payment or, as the case may be, the sale or purchase by the grantor; and
- (b) for any reference to the consideration for, or the cost of or of acquiring, the option there shall be substituted a reference to the appropriate proportion of that consideration or cost.
- (5) In this section “*appropriate proportion*” means such proportion as may be just and reasonable in all the circumstances.
##### 150A
- (1) For the purpose of determining the gain or loss on any disposal of ... shares by an individual where—
- (a) an amount of EIS relief is attributable to the shares, and
- (b) apart from this subsection there would be a loss,
the consideration given by him for the shares shall be treated as reduced by the amount of the EIS relief.
- (2) Subject to subsection (3) below, if on any disposal of ... shares by an individual after the end of the period referred to in section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 where an amount of EIS relief is attributable to the shares, there would (apart from this subsection) be a gain, the gain shall not be a chargeable gain.
- (2A) Notwithstanding anything in section 16(2), subsection (2) above shall not apply to a disposal on which a loss accrues.
- (3) Where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 304 of the Taxes Act or section 245 of ITA 2007 (spouses and civil partners) as reduced) for any year of assessment under section 289A of the Taxes Act or section 158 of ITA 2007 in respect of any issue of shares,
- (b) the amount of the reduction (“A”) is less than the amount (“B”) which is equal to tax at the EIS original rate for that year on the amount subscribed for the issue, and
- (c) A is not found under section 289A(2)(b) of the Taxes Act or (as the case may require) is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007,
then, if there is a disposal of the shares on which there is a gain, subsection (2) above shall apply only to so much of the gain as is found by multiplying it by the fraction—
$AB$
- (3A) In subsection (3) “*EIS original rate*” has the meaning given by section 256A of ITA 2007, except that where the year mentioned in subsection (3)(b) is the tax year 2007-08 or an earlier year, it means 20%.
- (4) Any question as to—
- (a) which of any shares acquired by an individual at different times a disposal relates to, being shares to which EIS relief is attributable, or
- (b) whether a disposal relates to shares to which EIS relief is attributable or to other shares,
shall for the purposes of capital gains tax be determined as for the purposes of section 299 of the Taxes Act or as provided by section 246 of ITA 2007; and Chapter I of this Part shall have effect subject to the foregoing provisions of this subsection.
- (5) Sections 104, 105 and 106A shall not apply to shares to which EIS relief is attributable.
- (6) Where an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds, namely—
- (a) shares to which EIS relief is attributable and to which subsection (6A) below applies,
- (b) shares to which EIS relief is attributable and to which that subsection does not apply, ...
- (ba) shares to which SEIS relief is attributable; and
- (c) shares to which neither EIS nor SEIS relief is attributable,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply (subject to the following provisions of this section) separately to shares falling within paragraph (a), (b), (ba) or (c) above (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (6A) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 5B to this Act against the whole or part of any gain; and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (7) Where—
- (a) an individual holds shares (“*the existing holding*”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, EIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 shall not apply in relation to the existing holding.
- (8) Sections 135 and 136 shall not apply in respect of shares to which EIS relief is attributable.
- (8A) Subsection (8) above shall not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company’s assets on its winding up and no present or future ... right to be redeemed,
- (b) the new shares are issued on or after 29th November 1994 and after the end of the relevant period, and
- (c) the condition in subsection (8B) below is satisfied.
- (8B) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007.
- (8C) In subsection (8A) above—
- (a) “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136;
- (b) “*relevant period*” means the period found by applying section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (8) above and by reference to those shares.
- (8D) Where shares to which EIS relief is attributable are exchanged for other shares in circumstances such that section 304A of the Taxes Act or section 247 of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (8) above shall not have effect to disapply section 135; and
- (b) the following—
- (i) subsections (2)(b), (3) and (4) of section 304A of the Taxes Act and subsection (5) of that section so far as relating to section 306(2) of that Act, or
- (ii) sections 247(3)(b), 248(2)(a) and 249 of ITA 2007,
shall apply for the purposes of this section as they apply for the purposes of Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (9) Where the EIS relief attributable to any shares is reduced by virtue of section 305(2) of the Taxes Act—
- (a) the sums allowable as deductions from the consideration in the computation, for the purposes of capital gains tax, of the gain or loss accruing to an individual on the disposal of any of the allotted shares or debentures shall be taken to include the amount of the reduction apportioned between the allotted shares or (as the case may be) debentures in a way which is just and reasonable, and
- (b) the sums so allowable on the disposal (in circumstances in which the preceding provisions of this section do not apply) of any of the shares referred to in section 305(1)(a) shall be taken to be reduced by the amount mentioned in paragraph (a) above, similarly apportioned between those shares.
- (10) There shall be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of EIS relief being given or withdrawn.
- (10A) In this section—
- “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*SEIS relief*” means relief under Part 5A of ITA 2007.
- (11) Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) applies for the purposes of this section to determine whether EIS relief is attributable to any shares and, if so, the amount of EIS relief so attributable; and “*eligible shares*” has the same meaning as in that Chapter or means shares that meet the requirements of section 173(2) of ITA 2007.
- (12) References in this section to Chapter III of Part VII of the Taxes Act or any provision of that Chapter are to that Chapter or provision as it applies in relation to shares issued on or after 1st January 1994.
- (13) References in this section to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.
##### 164BA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposals of pooled assets
##### 3
##### 164MA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rule to prevent pre-entry losses on pooled assets being treated as post-entry losses
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Alternative calculation by reference to market value
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Restrictions on the deduction of pre-entry losses
##### 6
- (1) In the calculation of the amount to be included in respect of chargeable gains in any company’s total profits for any accounting period—
- (a) if in that period there is any chargeable gain from which the whole or any part of any pre-entry loss accruing in that period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (b) if, after all such deductions as may be made under paragraph (a) above have been made, there is in that period any chargeable gain from which the whole or any part of any pre-entry loss carried forward from a previous accounting period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (c) the total chargeable gains (if any) remaining after the making of all such deductions as may be made under paragraph (a) or (b) above shall be subject to deductions in accordance with section 8(1) in respect of any allowable losses that are not pre-entry losses; and
- (d) any pre-entry loss which has not been the subject of a deduction under paragraph (a) or (b) above (as well as any other losses falling to be carried forward under section 8(1)) shall be carried forward to the following accounting period of that company.
- (2) Subject to sub-paragraph (1) above, any question as to which or what part of any pre-entry loss has been deducted from any particular chargeable gain shall be decided—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , in accordance with such elections as may be made by the company to which the loss accrued;
and any question as to which or what part of any pre-entry loss has been carried forward from one accounting period to another shall be decided accordingly.
- (3) An election by any company under this paragraph shall be made by notice to the inspector given—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , before the end of the period of two years beginning with the end of the accounting period of that company in which the gain in question accrued.
- (4) For the purposes of this Schedule where any matter falls to be determined under this paragraph by reference to an election but no election is made, it shall be assumed, so far as consistent with any elections that have been made—
- (a) that losses are set against gains in the order in which the losses accrued; and
- (b) that the gains against which they are set are also determined according to the order in which they accrued with losses being set against earlier gains before they are set against later ones.
### Gains from which pre-entry losses are to be deductible
##### 7
- (1) A pre-entry loss that accrued to a company before it became a member of the relevant group shall be deductible from a chargeable gain accruing to that company if the gain is one accruing—
- (a) on a disposal made by that company before the date on which it became a member of the relevant group (“*the entry date*”);
- (b) on the disposal of an asset which was held by that company immediately before the entry date; or
- (c) on the disposal of any asset in respect of which the conditions in sub-paragraph (1A) are met.
- (1A) The conditions referred to in sub-paragraph (1)(c) are—
- (a) that the asset was acquired, on or after the entry date, by—
- (i) the company to which the pre-entry loss accrued (“company A”), or
- (ii) a company which, at the time of the acquisition, was a group company of company A,
from a person who at the time of the acquisition was not a group company of company A, and
- (b) that the asset has not, since its acquisition from that person, been used or held for any purposes other than those of a trade or business which—
- (i) was being carried on by company A immediately before the entry date, and
- (ii) continued until the disposal to be carried on by company A or a company which, when it carried on the trade or business, was a group company of company A.
- (1B) For the purposes of sub-paragraph (1A), a company is a “group company of company A” at any time when it is a member of a group of companies of which company A is also a member.
- (1C) Where a company, having become a member of the relevant group, subsequently becomes a member of another group (“the new group”)—
- (a) sub-paragraph (1) continues to have effect, in relation to any loss which accrued to the company before it became a member of the relevant group, by reference to the date on which it became such a member, and
- (b) accordingly, that sub-paragraph does not apply separately in relation to the loss by reason of it also having accrued to the company before it became a member of the new group.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Where two or more companies become members of the relevant group at the same time and those companies were all members of the same group of companies immediately before they became members of the relevant group, then ... —
- (a) an asset shall be treated for the purposes of sub-paragraph (1)(b) above as held, immediately before it became a member of the relevant group, by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact so held by another of those companies;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- (c) the acquisition of an asset shall be treated for the purposes of sub-paragraph (1A) above as an acquisition by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact acquired (whether before or after they became members of the relevant group) by another of those companies.
- (4) Sub-paragraphs (4A) and (4B) apply for determining for the purposes of this paragraph whether an asset on the disposal of which a chargeable gain accrues was an asset held by a company immediately before the entry date (a “pre-entry asset”).
- (4A) Except as provided by sub-paragraph (4B), an asset is not a pre-entry asset if—
- (a) the company which held the asset at the entry date is not the company which makes the disposal, and
- (b) since the entry date that asset has been disposed of otherwise than by a disposal to which section 171 applies.
- (4B) Without prejudice to sub-paragraph (4C), where, on a disposal to which section 171 does not apply—
- (a) an asset would cease to be a pre-entry asset by virtue of sub-paragraph (4A), but
- (b) the company making the disposal retains an interest in or over the asset in question,
that interest is a pre-entry asset.
- (4C) For the purposes of this paragraph—
- (a) an asset acquired or held by a company at any time and an asset held at a later time by that company, or by any company which is or has been a member of the same group of companies as that company, is to be treated as the same asset if the value of the second asset is derived in whole or in part from the first asset, and
- (b) if—
- (i) any asset is treated (whether by virtue of paragraph (a) or otherwise) as the same as an asset held by a company at a later time, and
- (ii) the first asset would have been a pre-entry asset in relation to that company,
the second asset is also to be treated as a pre-entry asset in relation to that company;
and paragraph (a) applies, in particular, where the second asset is a freehold and the first asset is a leasehold the lessee of which acquires the reversion.
- (5) Subject to sub-paragraph (6) below, where a gain accrues on the disposal of the whole or any part of—
- (a) any asset treated as a single asset but comprising assets only some of which were held at the time mentioned in paragraph (b) of sub-paragraph (1) ... above, or
- (b) an asset which is treated as held at that time by virtue of a provision requiring an asset which was not held at that time to be treated as the same as an asset which was so held,
a pre-entry loss shall be deductible by virtue of paragraph (b) of sub-paragraph (1) ... above from the amount of that gain to the extent only of such proportion of that gain as is attributable to assets held at that time or, as the case may be, represents the gain that would have accrued on the asset so held.
- (6) Where—
- (a) a chargeable gain accrues by virtue of subsection (10) of section 116 on the disposal of a qualifying corporate bond,
- (b) that bond was not held as required by paragraph (b) of sub-paragraph (1) ... above at the time mentioned in that paragraph, and
- (c) the whole or any part of the asset which is the old asset for the purposes of that section was so held,
the question whether that gain is one accruing on the disposal of an asset the whole or any part of which was held by a particular company at that time shall be determined for the purposes of this paragraph as if the bond were deemed to have been so held to the same extent as the old asset.
### Change of a company’s nature
##### 8
- (1) If—
- (a) within any period of three years, a company becomes a member of a group of companies and there is (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade or business which was carried on by that company immediately before it became a member of that group, or
- (b) at any time after the scale of the activities in a trade or business carried on by a company has become small or negligible, and before any considerable revival of the trade or business, that company becomes a member of a group of companies,
the trade or business carried on before that change, or which has become small or negligible, shall be disregarded for the purposes of paragraph 7(1A) above in relation to any time before the company became a member of the group in question.
- (2) In sub-paragraph (1) “*a major change in the nature or conduct of a trade or business*” includes—
- (a) a major change in the type of property dealt in, or services or facilities provided, in the trade or business,
- (b) a major change in customers, markets or outlets of the trade or business, or
- (c) in the case of a company with investment business (within the meaning of section 1218 of CTA 2009), a major change in the nature of the investments held;
and this paragraph applies even if the change is the result of a gradual process which began outside the period of three years mentioned in sub-paragraph (1)(a).
- (3) Where the operation of this paragraph depends on circumstances or events at a time after the company becomes a member of any group of companies (but not more than three years after), an assessment to give effect to this paragraph shall not be out of time if made within six years from that time or the latest such time.
### Identification of “the relevant group" and application of Schedule to every connected group
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Appropriations to stock in trade
##### 10
Where, but for an election under subsection (3) of section 161, there would be deemed to have been a disposal at any time by any company of any asset—
- (a) the amount by which the market value of the asset may be treated as increased in pursuance of that election shall not include the amount of any pre-entry loss that would have accrued on that disposal; and
- (b) this Schedule shall have effect as if the pre-entry loss of the last mentioned amount had accrued to that company at that time.
### Continuity provisions
##### 11
- (1) This paragraph applies where provision has been made by or under any enactment (“*the transfer legislation*”) for the transfer of property, rights and liabilities to any person from—
- (a) a body established by or under any enactment for the purpose, in the exercise of statutory functions, of carrying on any undertaking or industrial or other activity in the public sector or of exercising any other statutory functions;
- (b) a subsidiary of such a body; or
- (c) a company wholly owned by the Crown.
- (2) A loss shall not be a pre-entry loss for the purposes of this Schedule in relation to any company to whom a transfer has been made by or under the transfer legislation if that loss—
- (a) accrued to the person from whom the transfer has been made; and
- (b) falls to be treated, in accordance with any enactment made in relation to transfers by or under that legislation, as a loss accruing to that company.
- (3) For the purposes of this Schedule where a company became a member of the relevant group by virtue of the transfer by or under the transfer legislation of any shares in or other securities of that company or any other company—
- (a) a loss that accrued to that company before it so became a member of that group shall not be a pre-entry loss in relation to that group; ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this paragraph a company shall be regarded as wholly owned by the Crown if it is—
- (a) a company limited by shares in which there are no issued shares held otherwise than by, or by a nominee of, the Treasury, a Minister of the Crown, a Northern Ireland department or another company wholly owned by the Crown; or
- (b) a company limited by guarantee of which no person other than the Treasury, a Minister of the Crown or a Northern Ireland department, or a nominee of the Treasury, a Minister of the Crown or a Northern Ireland department, is a member.
- (5) In this paragraph—
- “*enactment*” includes any provision of any Northern Ireland legislation, within the meaning of section 24 of the Interpretation Act 1978; and
- “*statutory functions*” means functions under any enactment, under any subordinate legislation, within the meaning of the Interpretation Act 1978, or under any statutory rules, within the meaning of the Statutory Rules (Northern Ireland) Order 1979.
### Companies changing groups on certain transfers of shares etc.
##### 12
For the purposes of this Schedule, and without prejudice to paragraph 11 above, where—
- (a) a company which is a member of a group of companies becomes at any time a member of another group of companies as the result of a disposal of shares in or other securities of that company or any other company; and
- (b) that disposal is one on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss would accrue,
this Schedule shall have effect in relation to the losses that accrued to that company before that time and the assets held by that company at that time as if any time when it was a member of the first group were included in the period during which it is treated as having been a member of the second group.
## SCHEDULE 7B
##### 1
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##### 2
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##### 3
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##### 4
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##### 5
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##### 6
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##### 7
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##### 8
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##### 9
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##### 10
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##### 11
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##### 12
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##### 13
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##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Post Office Act 1969 c. 48
## Part I — Valuation
### Preliminary
### Gifts and transactions between connected persons before 20th March 1985
### Valuation of assets before 6th July 1973
### Valuation of assets on 6th April 1965
### References to the London Stock Exchange before 25th March 1973and Exchange Control restrictions before 13th December 1979
### Depreciated valuations referable to deaths before 31st March 1973
### Estate duty
## Part II — Other transitory provisions
### Value-shifting
### Assets acquired on disposal chargeable under Case VII of Schedule D
### Unrelieved Case VII losses
### Devaluation of sterling: securities acquired with borrowed foreign currency
### Devaluation of sterling: foreign insurance funds
### Gilt-edged securities past redemption date
### Qualifying corporate bonds, company reorganisations, share conversions etc.
### Land: allowance for betterment levy
### Non-resident trusts
### Private residences
### Works of art etc.
### Disposal before acquisition
### Estate duty
### Validity of subordinate legislation
### Amendments in other Acts
### Saving for Part III of this Schedule
## Part III — Assets acquired before commencement
## Part IV — Other general savings
## SCHEDULE
## Editorial notes
[^c2138138]: Act partly in force at Royal Assent and otherwise in force or coming into force as mentioned in s.289.
[^c2138139]: Act applied (with modifications) by [S.I. 1992/415](https://www.legislation.gov.uk/uksi/1992/415), [reg. 3](https://www.legislation.gov.uk/uksi/1992/415/regulation/3) (with [regs. 4-7](https://www.legislation.gov.uk/uksi/1992/415/regulation/4)) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 134](https://www.legislation.gov.uk/ukpga/1993/34/section/134), [Sch. 15 para. 4(10)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/15/paragraph/4/10) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [Sch. 16 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/16/paragraph/3/3/b) Act modified (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/2/1), 4(1)
[^c2138141]: S. 3 amended (for the year 1993-1994) by [S.I. 1993/760](https://www.legislation.gov.uk/uksi/1993/760), [art. 2](https://www.legislation.gov.uk/uksi/1993/760/article/2) S. 3 modified (for the year 1993-1994) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 82](https://www.legislation.gov.uk/ukpga/1993/34/section/82)
[^c2335609]: S. 3(7A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138161]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c2138162]: [S.I.1989/2405 (N.I.19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c2138166]: S. 22 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para.17](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/17)
[^c2335591]: S. 30 excluded (retrospective to 5.11.2993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/1)
[^c2138186]: S. 37 extended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138187]: S. 37(1) restricted (16.7.1992, with effect as mentioned in [s. 65(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/6) of the amending Act) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(e)(5)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/e/5)
[^c2138188]: S. 39 extended (27.7.1993 with effect for the years 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138189]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138190]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138191]: S. 41 modified (16.7.1992)) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 6(2)(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/2/5),7
[^c2138192]: S. 60(1) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138193]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138194]: [1914 c. 47](https://www.legislation.gov.uk/ukpga/1914/47).
[^c2138195]: [1985 c. 66](https://www.legislation.gov.uk/ukpga/1985/66).
[^c2138196]: [1925 c. 18](https://www.legislation.gov.uk/ukpga/1925/18).
[^c2138197]: S. 71 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138198]: S. 76(1) excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(e)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/e)
[^c2138200]: S. 99 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/2)
[^c2138202]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138204]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138205]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138206]: [S.I.1986/387](https://www.legislation.gov.uk/uksi/1986/387).
[^c2138207]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138208]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138209]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138211]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138212]: Words in s. 116(11) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/3)
[^c2335593]: S. 117 applied by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4)) S. 117 modified by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5) (as substituted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/6))
[^c2138217]: S. 117(6A) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/1/3)
[^c2138218]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138227]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138228]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c2138229]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138230]: 1958 (7 Eliz. 2) c.6.
[^c2138231]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c2138232]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c2138233]: S. 122 modified (27.7.1992) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/16/2/b)
[^c2138235]: S. 137(5):30.9.1993 appointed for the purposes of s. 137(5) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d) in force at 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138236]: S. 139 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2138237]: S. 139(8): 30.9.1993 appointed for the purposes of s. 139(8) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138241]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138242]: S. 140(6A) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/4)
[^c2138243]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138244]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2335607]: S. 138A inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/1/2) (with [s. 89(3)-(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/3))
[^c2138246]: S. 140A inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138247]: S. 140B inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138248]: S. 140C inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138249]: S. 140D inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138245]: Cross heading inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138251]: S. 144 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 26(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/26/2)
[^c2138253]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138254]: S. 149A inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.104](https://www.legislation.gov.uk/ukpga/1993/34/section/104)
[^c2138255]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138256]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138257]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138258]: S. 151(4) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.85](https://www.legislation.gov.uk/ukpga/1993/34/section/85)
[^c2138259]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138260]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138261]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138264]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138265]: [1968 c.59](https://www.legislation.gov.uk/ukpga/1968/59).
[^c2138266]: Words in s. 155 inserted (27.7.1993 with effect as mentioned in s. 86(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 86(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/86/1/4)
[^c2138267]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138268]: Words in s. 157 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138303]: Words in s. 165 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138313]: [1962 c. 46](https://www.legislation.gov.uk/ukpga/1962/46).
[^c2138314]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138315]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138316]: S. 171 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2335592]: S. 175(2A)-(2C) inserted (retrospectively as respects s. 175(2A), with application in accordance with s. 48(5) of the amending Act as respects s. 175(2B)(2C)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/3) (with [s. 48(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4/5))
[^c2138321]: S. 176 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 18(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/18/2)
[^c2138323]: S. 177: modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/1); modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/3); modified (27.7.1993 with application as mentioned in s. 165(1)) by 1993, s. 169, Sch. 17 paras. 6(2); modified (27.7.1993 with applicaton as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 paras. 6(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/6/3)
[^c2138324]: Words in s. 177(2) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/6)
[^c2138325]: S. 177A inserted (27.7.1993 with application as mentioned in s. 88(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/1)
[^c2138330]: s. 179: 30.9.1993 appointed for the purposes of s. 179 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138331]: S. 179 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/1) S. 179: modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/2); modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 51(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/51/2)
[^c2138333]: Words in s. 179(4) substituted (27.7.1993 with effect as mentioned in s. 89(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/89/1/2)
[^c2335589]: S. 188 repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(a)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/a/10), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1)
[^c2138343]: S. 189: 30.9.1993 appointed for the purposes of s. 189 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138347]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138348]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335601]: S. 196(5)(5A) substituted for s. 196(5) (retrospectively and with effect in accordance with [s. 181(4)(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/3)
[^c2335602]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2335605]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335606]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138350]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138351]: [1980 c. 48](https://www.legislation.gov.uk/ukpga/1980/48).
[^c2138352]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138356]: S. 206 repealed (27.7.1993, the repeal of subsections (2)-(5) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsection (1) having effect for the year 1992-93 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; S. 206 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/7), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138357]: S. 207 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138358]: S. 208 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Sch. 23, Pt. III Table (12) Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138359]: S. 209 repealed (27.7.1993, the repeal of subsections (1)(2)(6) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsections (3)-(5) having effect for the year 1992-3 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; s. 209 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/8/a/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138366]: S. 212 modified (31.7.1992) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [arts. 1](https://www.legislation.gov.uk/uksi/1992/1655/article/1), [21](https://www.legislation.gov.uk/uksi/1992/1655/article/21) S. 212 amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1) S. 212 excluded (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1)
[^c2138368]: S. 212(3)(4)(6) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/b), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138372]: S. 212(8) repealed (27.7.1993 with effect as mentioned in s. 91(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138375]: S. 213(1A) inserted (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1993/37/section/91/4)
[^c2138377]: S. 213(9) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138387]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138389]: S. 217A inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138390]: S. 217B inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138391]: S. 217C inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138388]: Cross heading inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138392]: [1964 c. 56](https://www.legislation.gov.uk/ukpga/1964/56).
[^c2138393]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138394]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138397]: [S.I. 1981/156 (N.I.3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c2138398]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138399]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138400]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138401]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c2138402]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138405]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138406]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138409]: S. 251(6) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/2/3)
[^c2138411]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138416]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138417]: [1986 c. 56](https://www.legislation.gov.uk/ukpga/1986/56).
[^c2138418]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138419]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138420]: [1959 c. 49](https://www.legislation.gov.uk/ukpga/1959/49).
[^c2138423]: [1927 c. 41](https://www.legislation.gov.uk/ukpga/1927/41).
[^c2138424]: Words in s. 271(6)(a) substituted (1.9.1992) by [1992 c. 44](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 Pt. I para. 1(1)(2)(9)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/part/I/paragraph/1/1/2/9); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art.2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c2138425]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c2138426]: S. 272(2)-(4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(5)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/5)
[^c2138429]: S. 273(3) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(6)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/6)
[^c2138430]: [S. 275](https://www.legislation.gov.uk/ukpga/1992/12/section/275) applied (with effect in relation to accounting periods beginning after 31.12.1992 as mentioned in Sch. 19AC) by [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) (as inserted by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1))
[^c2138431]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138432]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138435]: [1972 c. 40](https://www.legislation.gov.uk/ukpga/1972/40).
[^c2138436]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c2138437]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138439]: [1979 c. 14](https://www.legislation.gov.uk/ukpga/1979/14).
[^c2138441]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138443]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c2138444]: [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1).
[^c2138445]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2335611]: Words in Sch. 1 para. 1(1) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138448]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2335613]: Sch. 1 para. 1(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/3), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335615]: Words in Sch. 1 para. 1(3) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335617]: Words in Sch. 1 para. 2(2) substituted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/a), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335619]: Sch. 1 para. 2(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138454]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c2138455]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39).
[^c2138456]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c2138457]: [1972 c. 52](https://www.legislation.gov.uk/ukpga/1972/52).
[^c2138460]: [1964 c. 28 (N.l.)](https://www.legislation.gov.uk/ukpga/1964/28).
[^c2138461]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138462]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138463]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138478]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138479]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138480]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138481]: Words in Sch. 7 para. 7(1) substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138505]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138506]: [S.I. 1979/1573 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c2187166]: Sch. 7A inserted (27.7.1993 with effect as mentioned in [s. 88(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/3) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), c. 88(2), Sch. 8
[^key-cf3960a37886c11eac41b6b156530cf9]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/3)
[^key-c61333fd6bef2428a1168708f4d03a3b]: S. 23(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/1)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-60df4d1ea6f90054bbf1238e4a9ce4c6]: S. 23(5) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-eb33f5c4a96dc4c1eb294b7b21ed758f]: S. 30(5) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/3)
[^key-2db3890b14676204cbc9a451baac73cc]: Ss. 152-160 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/1)
[^key-f1efaf9558efb15b34e5a2a0bbc4366e]: S. 154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/2)
[^key-59daa5af51842809b1546358bc73f643]: S. 152 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-208f22d583c64b85c2f5c44d6e4c1ef4]: S. 153 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-3d98161715f5f76998c5943ed43630d9]: Ss. 152-154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/4)
[^key-456db7ce00bb06452a5b3d99523f43eb]: S. 154 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/5)
[^key-7aa435f07d01f3164515a8888ea0409e]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/3)
[^key-c8f23c9c36bb3326d444a4c51a865727]: S. 17 excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/4)
[^key-4b2bccbe08f5aa653392285b2967c9ec]: S. 179 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/1)
[^key-d8fc574574bef5fbeeb1549d9da82dc7]: S. 179 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/5)
[^key-6939f2d384c1e68e1fe712d29ae19730]: S. 253(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-0d0e4bf7282d211ce1d6d7f12a4b686b]: Ss. 253, 254 modified (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/3)[(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/4)
[^key-e336f5453d5ba472fa12a81317b61471]: Ss. 253, 254 restricted (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-be23ec6e8a40d242ec58d148bc35fbd5]: S. 253(7)(8) excluded (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/9)
[^key-7054dcc326a0157665ac48b10f49fc06]: Sch. 2 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/10)
[^key-7073ffe27329b5647d7ae56490e2bfed]: S. 17 excluded (with saving) (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/2)
[^key-9cef632edc9c184995a2d6424c779783]: S. 272 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 18(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/5)
[^key-e3f8c8e3533fa37631b2dbff7aa6c506]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 25(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/3)
[^M_C_96955af4-9b31-4366-f2b7-240fbf3ed810]: Act modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 24 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/1), [9(1)(6)-(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/1), [11(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/4)
[^key-d0c7a8a12a0278cdf9f2f106bb7cf3c6]: Act applied (with effect in accordance with reg. 1(1) of the amending S.I.) by [The Lloyds Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg. 3(1)](https://www.legislation.gov.uk/uksi/1994/728/regulation/3/1) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/1994/728/regulation/1/2))
[^key-2c7045f26212cb6d717b5daf4c09f8ae]: S. 3(2) sum amended (for the year 1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 90](https://www.legislation.gov.uk/ukpga/1994/9/section/90)
[^key-fbc4c518f8e2c5d5ba1c636e944b1112]: S. 170 extended (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 148(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/148/9)
[^key-757ac07b390641136fbbde96d2d5e897]: Act modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/c) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-4f420e2c44a26cac88e83837398c3dd0]: S. 38 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(4)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/4/d) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-5d58737b196aa24c84d95bb045c1863a]: S. 179 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 250(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/250/2)
[^key-69ec660cb043256081cd900c7fac3982]: Act applied (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/1/2)
[^key-229281ef497d10e4b1591aef4ed78bad]: Ss. 152-156 modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/3/2)
[^key-857f99c02887bb038065f8c49c3ecc04]: Words in s. 53(1) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/1) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-28cb3f6f41c1db4ae3653534f7c69fda]: Words in s. 53(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-11ece275e98ce5c9e2c498259640e853]: S. 53(2)(a) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-6a958a5db2f0b99370435ca2ef75b1ce]: Word in s. 53(2)(b) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/c) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-180fa7c6b1565490349c9bf71f27eb5a]: S. 53(2A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/3) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-db99610de5f0182bc7235052bce81f22]: S. 55(7)-(11) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/4) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-15d4e0ca84439966d33363fe31378acd]: Words in s. 56(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-178cf8da990227f6e5cf0775924f2643]: S. 56(3)(4) added (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-4393b0e465783dda323655f773463eef]: Words in s. 56(1)(a) repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8)
[^key-bf7ac8c3abde15f14bcf2992586328ff]: S. 103 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-9265233fdfa02d7d8d84c2926a69ad6f]: S. 110(6A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/6) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-837a65d4ee909f563857dae660302d4b]: S. 111 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-76c7e1a83db6bb8331af30779dc05c5d]: Ss. 182-184 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-d793bfa0d55ce82afe2a11e7d7aeb400]: S. 139(3) repealed (with effect in accordance with s. 251(1)(a)(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/5), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-d1d23d39d5a250d477943d8f79f62c7f]: S. 143(4) repealed (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1), [Sch. 26 Pt. V(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/9)
[^key-3b194ac28705cc1374d495dfd49013ab]: S. 143(6)(7)(8) substituted for s. 143(6) (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1)
[^key-067dc34a78dd482794d79b1d10666b9e]: Words in s. 150(1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/29)
[^key-3de530cd07a5315005db86ba21fb9718]: S. 150A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 30](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/30)
[^key-4ee83211c251f9338e2d6ad25f1e60d0]: S. 160 repealed (with effect in accordance with s. 251(1)(a)(6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/6), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-1ca81e0ab084e135cffc4d55b14bea58]: Words in s. 166(2) repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-b6f0e05aab31485c07b08ae9094410b7]: S. 171(2)(e) and preceding word repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-5349fcb8ba88f4e9bd216e7a16a5f101]: Words in s. 175(2) repealed (with effect in accordance with s. 251(1)(a)(8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/8), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-bc97864159ac13ecd1d39f6141a7529e]: S. 186 repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-c949e611fe9893ba34c4f395fec830bf]: Words in s. 187(1)(a) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-054ae46ecafe82cfeb84a2c848bcf5e5]: Words in s. 187(6) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-71b3e564af45e537a392174021e46116]: S. 200 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-487e2861468f71df323ceef2698d40d8]: Words in s. 231(1)(d) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 34](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/34), [Sch. 26 Pt. V(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/17)
[^key-f8c5e239a54d4d2ca753c7b35fe31bbf]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/a)
[^key-53041365a116f588ec51833f362ef3f8]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/b)
[^key-b2d6084d855c45234f8283b19c8911f1]: S. 283(2) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/2)
[^key-fd4f11f9bd71223edbd75fd936a64857]: S. 283(5) repealed (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/4), [Sch. 26 Pt. V(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/23)
[^key-4bf05aa02598b09de90242323021528f]: Sch. 5 paras. 11-14 repealed (with effect in accordance with s. 97(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/4), [Sch. 26 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/10)
[^key-c016efa26c03f3282461cd0a4fea3187]: Sch. 5A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/3)
[^key-84a6a7023846124085f3a78105ab69dc]: S. 98A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/2)
[^key-6460033ea01950bb9ebb01b6802ceb1c]: S. 144A inserted (with effect in accordance with s. 96(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/96/1)
[^key-ac299e846edf905519fc22a6186e46f7]: Sch. 10 para. 6 repealed (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 15](https://www.legislation.gov.uk/ukpga/1994/23/schedule/15)
[^key-fbbf371f33c5cf60008c6450a3a9669e]: S. 28 extended (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/2/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-da611ec651221538503606c308794eaa]: S. 23(4) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-fb2c4dc118e30e302a32a132c2a27c76]: S. 23(5) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-00ccf18768590d96599daf3014df0b2e]: S. 30 excluded (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-61ccfe1dfb765027d9f74253c0aa1313]: S. 144 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/1) (with [Sch. 4 paras. 6(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/4), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-ad6c26e719f79631edeaaf935fc390c2]: S. 152 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/1/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e124cf3266fbf45c23252746d09a7569]: S. 152 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f46d0cc1100767ef46be299c27dec443]: S. 153 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-65946e4a17f03793024442b45ea89dbf]: S. 154 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/b) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-1d0628e94b300a68a3583d6cd2743288]: S. 152 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-60e7388c79d375a8b0b937b16dbab59e]: S. 153 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-23cb74aef3278ad84edca5101b1dadac]: S. 154 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-035004ca1191a3421daf427e42a3ee78]: S. 158 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6deea884207668d2e89e9b284a9fa0f9]: S. 179 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/1) (with [Sch. 4 paras. 8(3), 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-bcf51fc79e0bf42ae98e009cd88006a8]: S. 179 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-d77adea915de9354e482c2e43935ac03]: Ss. 253, 254 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3) (with [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-b9904791acd9dbf2aee3b70740dde3ca]: S. 253(9) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e58412ba79d6e9e4348eaaaedea6b829]: S. 253(10) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9795a12f56a8a435bca48175ea83d372]: S. 253(13) applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f62f55db6b767097785ccc08c7331e12]: Sch. 2 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/10) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6a24c8a006139497b138a96eb46ff425]: S. 174 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-c594abbde38d22bdc3a9bbb7702520ad]: S. 41 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/5)[(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9d3560035abce81fa37a087d8568d9a3]: S. 28 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(9)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/9) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^M_C_25434e55-8414-4bd5-f8e6-e682382849c1]: Act modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), Sch. 4 paras. 2(1), 9(1) (with Sch. 4 para. 14); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^key-85524c47c2d2d17be2093d934fbbf9cf]: S. 275(h) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1)[(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^key-af3878dd7ed7fc023dc0a16aeda83487]: Act modified (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/3)
[^key-a92640b3656bcd543a6e1f46a428f2f4]: Act extended (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 18(3)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/3)
[^key-2dc12ae6c54873feb63d04f5810647ef]: S. 17(1) excluded (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [18(4)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/4)
[^key-265d21be27a528417a84eba8e02a4011]: S. 170(7)(8) applied (with modifications) (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [19(12)](https://www.legislation.gov.uk/nisi/1994/2809/article/19/12)
[^key-f4025b1c73b7911132d154096de1fd6b]: Act applied (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 20(7)](https://www.legislation.gov.uk/nisi/1994/2809/article/20/7)
[^key-047fe88bb5f5c731a213d0fa1eef7a46]: S. 211(1) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-e0693fe2f1a0f26491be1224c1438b76]: S. 213(5) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-ac6113564e95672d94b047db16be19bf]: S. 176(1) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [9(6)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/9/6)
[^key-ef0aa101d2d4f0bbfc87965ee01a864a]: S. 176(2) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [14(4)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/14/4)
[^key-3536fb0407db74d7bcc79be107f855ab]: S. 170 applied (23.3.1995) by [The Exchange Gains and Losses (Deferral of Gains and Losses) Regulations 1994 (S.I. 1994/3228)](https://www.legislation.gov.uk/uksi/1994/3228), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/1/2), [4(1)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/4/1)
[^key-1e2d141295365399f48be3a0e7ab275e]: S. 175(2A)(c) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4)
[^key-bbf96f0fdc2ca904148692d595977340]: S. 272 applied by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 591C-591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1))
[^key-eb763497b8d228e12282910a1fd5eba9]: Act applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para 8(5) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-28084fe61e3adbe0e0e88c39e6ea634a]: Act modified by Income and Corporation Taxes Act 1988 (c. 1), s. 737C(11A) (as inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3))
[^key-aa04edf941ccb3237c9000e2c33bd0f3]: S. 170(7) modified by 1988 c. 1, s. 209(8E) (as inserted (with effect in accordance with s. 87(7)(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3))
[^key-185ae42dfc9058d2ac217e3039d9b94b]: Act modified (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/2)
[^key-79abbf6d2ae133d25e01a284dc30192a]: Act modified (with effect in accordance with s. 126(9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 126](https://www.legislation.gov.uk/ukpga/1995/4/section/126), [Sch. 23 para. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/23/paragraph/1/1)
[^key-0098551f03c3a04d686e7a8819020506]: S. 139 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-e956f28aab42623e184144ff777e9804]: S. 140A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-8079ebb236182b58bdca734980bd13cb]: Ss. 171, 172 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-c85802a4cf31a845d7af9d7499dbe334]: Ss. 215, 216 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-eb3800f995fc0be9c5e2449480baf077]: S. 217A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-da345bc6b1bd166b1d109c41faac443a]: S. 241(3) modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/36)
[^key-c51b12f9310ba37b2df738e8a5eebbde]: Sch. 8 modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/37)
[^key-d2791e25a1476282c070c3c23ae35c5c]: Sch. 7A para. 8(1) applied by 1988 c. 1, Sch. 28A para. 13 (as inserted (with effect in accordance with Sch. 26 para. 5 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/3))
[^key-f5d2f7407321773d3fe07aa4a1c8012b]: S. 7 repealed (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/12), [Sch. 29 Pt. VIII(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/14)
[^key-316573c968f6bc003852e6cc33e3df07]: S. 16(2A) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/1)
[^key-f150a9d8da98f92e587a6be6f42ee98d]: S. 59(c) and preceding word repealed (with effect in accordance with Sch. 29 Pt. VIII(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-d62f14798f6f1948ed4650d36b16058f]: S. 65(1) substituted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/1)
[^key-76b4e8d202597343238ebf42b5e591cd]: S. 65(3)(4) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/2)
[^key-875c574708c2461dad93bbc968fd039a]: Words in s. 100(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/2)
[^key-0eb1cc1f7cc29e5d49508a84818a68bb]: Ss. 151A, 151B inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3)
[^key-568a0297967ffbe708957a63546532cd]: S. 150(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 69](https://www.legislation.gov.uk/ukpga/1995/4/section/69)
[^key-a6718d05f5a58420d5cfad090eddde76]: S. 150A(2A) inserted (with application in accordance with Sch. 13 para. 2(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/2)
[^key-94df9ae023568d7d54374affe7ff8662]: Ss. 150A(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/4)
[^key-bd1a66990c21b225fab4c82bef2ef692]: S. 150B inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/3)
[^key-06fcb597847471a84ae2af39bc18e04d]: S. 150C inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/1)
[^key-a107d16142a124fbbb6cf19c5c89fc02]: Sch. 5B inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3)
[^key-df23025d0f35232eccc277345f8d7a47]: Words in s. 175(1) repealed (with effect in accordance with Sch. 29 Pt. VIII(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII)
[^key-81a866e420336faae0e7e58403fac23f]: S. 179(2A)(2B) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/1)
[^key-27d6668b67494b0b2ea6f97276fa01f2]: S. 179(9A) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/2)
[^key-a97b5230c1444d8c1a22fe32c6b22ab3]: S. 213(5A) inserted (with effect in accordance with s. 53(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/4)
[^key-14ae25d80e05c7e9de22aed629d62f2a]: S. 247(5A) inserted (with application in accordance with s. 48(6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/2)
[^key-ed257d05c59cb55406650cd93b0b2856]: Words in s. 257(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/5)
[^key-6bc0955481c9b4320adfe8aa30def0da]: S. 286(3)(3A) substituted for s. 286(3) (with effect in accordance with s. 74(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/31)
[^key-bc63a2b2310c9a78514afbc86551fd2b]: Words in s. 288(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/7)
[^key-363476a14943eed8b50e80d965a2f9ad]: Word in Sch. 10 para. 2(2) repealed (with effect in accordance with Sch. 29 Pt. 8(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-8ccbcafa4f44715ff660e2c000c8a832]: S. 263A inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4)
[^key-1edcdf3ea0363b9fcf625e7df5ce868c]: S. 151A(4)(5) applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para. 8(6)(c) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-1ab18e03f3d27d786356321c6caa9b61]: S. 171(1) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/1)
[^key-ff0e6cf35b1c5f899f842fc5ed56d0fb]: S. 21(2) applied (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/2)
[^key-817a6ec94b240c1d1bd20e48d8d012dd]: S. 179 modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/1)[(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/2) (with [Sch. 3 para. 5(4)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/4))
[^key-9cbed6e98536fecb7682403b28a4996b]: S. 253(4) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/6/2)
[^key-bcf3cdc2ffeeeab5824dd3d3cb7c5409]: S. 272 applied (E.W.S.) (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 17(1)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1), [18(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2), [Sch. 5 para. 10(2)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/2)
[^key-449054e447ef9de052cff15651301f04]: S. 3(2) sum amended (for the year 1996-97) by [The Capital Gains Tax (Annual Exempt Amount) Order 1995 (S.I. 1995/3033)](https://www.legislation.gov.uk/uksi/1995/3033), [art. 2](https://www.legislation.gov.uk/uksi/1995/3033/article/2)
[^key-adf3421c7b33d5bb4bf40785305a45e8]: Act modified (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-cac6648388748a7b5529e79af697e7d3]: S. 132 applied (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-3d4cfbe08d178fb790642711de0ca355]: S. 263A(1) applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^key-67be92e8ce6c94a7220d895a537b2afd]: S. 263A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^key-ad2d4c2dd6e60535ec55ff27099fd7be]: Act extended (with modifications) and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(4)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-379b67094cdb36450744d396d70caf20]: Act extended and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93(4)-(13)](https://www.legislation.gov.uk/ukpga/1996/8/section/93/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-b25d3c83f3741a46a8c3ccf7c850a4d9]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/3)
[^key-0d97dd8924d455545c191f969b20b82b]: Act modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/4)
[^key-e140fda3b0e9c5a3b1b0c33ce62d19eb]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 paras. 13(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/13/6), [15(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/15/1)
[^key-9f496936595bf3edb1ebaa3c17101b37]: S. 176 applied (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/9)
[^key-bb484246c7351f1989b259e89c727b04]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 paras. 8(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/11), [22(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/22/4), [26(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/26/2)
[^key-3e8563fcf3e616ddc4f63bcea377ace5]: S. 212 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-8477b0996ad3bca72db581a8e06d25f6]: S. 213 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-1ce2c7478e4895207ee3330b9809983d]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/30/2)
[^key-6643a435dc8aae0cda0a979122493390]: S. 170 applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11/5)
[^key-fb6749e2d735c5a5e60930cf17e22f74]: Words in s. 13(2) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/2)
[^key-af7fca1162177e702b6a7af0da46bf07]: S. 13(3)(4) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/3)
[^key-7967e70e20477d6cd12c3991927200e3]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/a)
[^key-1da12f2f668af97c0f6490a0a92a186b]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/b)
[^key-d59760aa83c648612016990a999217c1]: S. 13(7A) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/6)
[^key-11c3adc20a2c860a621c88cb5b994487]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/a)
[^key-9ddb040d9a48b38f09bc74bf2e972ea5]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/b)
[^key-79bffa8080cdcc01d20e3f9a05906c2c]: Words in s. 13(10) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/8)
[^key-c32631451eb950c1367143373a20e1b6]: S. 13(12)-(15) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/9)
[^key-c74d78a5e9fa267d1adb73b09656f6fb]: S. 13(5)(a) repealed (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/4), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-a4a15a2a1eaffca93f210c39b30c5fae]: S. 13(6) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-8da3ef8b6025d803d6c18f0643d5c831]: S. 23(6)(7)(8) substituted for s. 23(6) (with effect in accordance with Sch. 39 para. 3(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/3/2)
[^key-83f81006fb33fd9ed93972a6f121b761]: S. 24(2) substituted (with effect in accordance with Sch. 39 para. 4(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/4/1)
[^key-488fe5085b87ceb59f215589a3270a85]: Words in s. 30(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/46)
[^key-cbc48759440f774289d8dd131718db34]: Word in s. 30(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-ec07292e6f22b241d7b2545bda380840]: Word in s. 30(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-f81a1222549813159fe292ee0749408d]: Words in s. 35(6) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/a)
[^key-6f4703969aabbea209952a05b68cffe2]: S. 35(6)(a)(aa)(b) substituted for s. 35(6)(a)(b) (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/b)
[^key-55ab65e476126c9f33df84e0e1beaaf4]: Words in s. 48 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 48](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/48)
[^key-a72c8ab617058d644ee5f889e44a6839]: S. 49(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/49)
[^key-9ee952b021569fb2f410a7f644ac0a2d]: Words in s. 52(4) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/50), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-7a37f42af1e247d673a4cbcff392f59e]: Word in s. 72(1) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-85b8f571bf32526617f6f27674dcb278]: Word in s. 72(2) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-5864def90635ac5528d4ca78d9ede28e]: Word in s. 72(5) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-b150a0f3d9659a1cbfb792691497a37a]: Word in s. 72(5) repealed (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-bca45aa33916811bb82c560fdefea60e]: S. 72(3)(4) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/3)
[^key-e368f84ae78d613c253a61af8c5b924e]: Words in s. 73(1) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/2)
[^key-f0a191fbbfa7ab9c1f120f66a8b92081]: Word in s. 73(2) repealed (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/3), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-b8d6983c13ea4c86be378b86ea190279]: Words in s. 73(3) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/4)
[^key-0a5db2e303045bac23a80052233d416e]: S. 75 repealed (with effect in accordance with Sch. 39 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-264bb1e81b6883470c83b38b045afca0]: S. 101(1A) inserted (29.4.1996 with effect as specified in s. 140(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/140/1)
[^key-cf3742e8f5dc2223e15972ffa01150da]: S. 108(1)(aa) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 59](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/59) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-dfeb14f650fc3da6a0127259fd1ead33]: S. 108(1)(b) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^M_F_e705a48d-5f69-45e5-d32f-862bd3a20f32]: Words in s. 122(2) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^M_F_69ff9efc-c86b-44a8-a2a4-d95b41ec91ca]: S. 122(3) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-8117f8a2cbee713f8ee83e9c16795392]: S. 116(4A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-e46abdda7e4526e79e58f3e115e23989]: S. 116(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0238d9768c29c9448b2a386aaf0ec0cc]: S. 116(16) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-09f80887a584892ca7f68c192ea2c305]: Words in s. 116(13) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 51](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/51), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-51332cda45ee1e0f390a0348d5f4ebff]: S. 117(A1) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4445705877d6dfda689b55b745095f64]: S. 117(2AA) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-6208ef85e5b3a11569d5184755450339]: S. 117(6B)(6C) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4160cdf335d1d8bf0be150e679f1ba25]: S. 117(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-5a8b939b5c446a0f06a33e567e5ce151]: S. 117(2A) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-82fe9b7c661a6cf35a9c6338c10d0acb]: S. 117(3) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-3bdd901e3a3a4a160381e809c3fc8bac]: S. 117(9)(10) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-67d88c761f083cd045020fc1ea797452]: S. 118 repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-63318c45ad16f4d3c730b30f3aa1c34b]: Words in s. 122(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/3)
[^key-adb557a04aabbc33b6bd08fc8fe80a02]: Words in s. 133(2) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-3aecb868d29ff5185c31fc4997acd039]: S. 133(3) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-10d9c7a43407a376d991e83d6eca5d1f]: Words in s. 133(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/3)
[^key-f8fd198cb5c6c2443349a65ac0c1f550]: Word in s. 144(8)(b) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/a)
[^key-73aec83a5cd277ad985d9a8c273f7037]: Words in s. 146(4)(b) substituted (with effect in accordance with Sch. 38 para. 11(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 11(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/11/1)
[^key-7d71e546784005ac22db77156d61727a]: Words in s. 149A(2) substituted (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/3)
[^key-ac22a06b50565f182c650791ac88402d]: S. 149A(4) repealed (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/4), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-34dc2757e1b3de8fa524a12071174225]: Words in s. 150(10)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-7879b35119bd2c51f7813d4390199570]: Words in s. 150A(9)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-654682e194839ea6764022de0e5c7201]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/a)
[^key-134dc608eb8386cfa945c4b61c17119b]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/b)
[^key-cb32f76dc6ba7775a1e677caf3f9ae10]: S. 153A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/2)
[^key-47ce28bb77bb46fdf483af11988de1ea]: S. 161(3A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/36)
[^key-131976c1455bcf82a2549024e5cdc662]: Words in s. 175(2A) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-74afc1a6cf4065ad71ca3369665570b0]: Words in s. 175(2B) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-44a5292abb3d837261b5220968048d11]: Words in s. 175(2C) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/b)
[^key-70a152bf40380f7b2375eb0f4b5ce21c]: Words in s. 176(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-884e9a5cc8aef91d52991704aa79e69d]: Words in s. 176(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-abbd11b886c535d6a2044b294cfd4302]: Words in s. 176(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/2)
[^key-950412d3a25537a9f7b3f07f8a138b05]: Words in s. 181(1)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 58](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/58), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-eb9b4e638bb252cc5361fcac5bb2ece6]: Words in s. 196(1) substituted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/1)
[^key-fbe683d120a08cf1bc775a55b3cfaee6]: S. 196(1A) inserted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^M_F_f099939c-4484-4c4e-e1a0-010fb3d5e977]: Words in s. 196(2) substituted (with effect in accordance with [s. 181(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^key-45708dab96a777ce3a17035bf95d905e]: S. 222(3) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/2)
[^key-f2abf8e889368e356b1b4596efdea4ca]: S. 222(5)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/a), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-410839c2b4bc890a2b3ce4a1064788bb]: Words in s. 222(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/b), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-a83e44e9a65ecff88b33a66b43c3fc03]: S. 222(6)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-88e2d63501e0c65c75fedd92b517d00b]: Word in s. 222(6) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-e7ea46afb356917bfc5e5a016b225da8]: Words in s. 224(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 60](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/60)
[^key-cf7ec32bd86eb0f5f0d95994990aef4a]: S. 226(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 61](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/61), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-da2d71b200be2747d98d70677fb7d953]: S. 238(4) repealed (with effect in accordance with [s. 112(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-321ce3c781e9a3576b68bea2b05bade6]: Word in s. 241(7) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/62)
[^key-4a71e5ac5d8082f4d84a89eaa0e2674f]: S. 242(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/37)
[^key-6047903028ae3674eb316bafa63e0212]: S. 243(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 38](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/38)
[^key-b87178ef6ec395c8d44d3494d97d7720]: S. 244(3) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/39)
[^key-3a098e1420107172c0a5cd6362e3bcf5]: Words in s. 246 repealed (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/4), [Sch. 41 Pt. V(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/6)
[^key-b043c844d540dabc803041c35cbd8cf4]: Words in s. 247(5)(b) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/5)
[^key-e7ad3b4c4354b638ea16a0b6c49090fd]: S. 247A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/6)
[^key-28231c04197e8a94586c8cb644346ead]: S. 251(7)(8) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/64) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0d3055bb4916225532cbc0f2dce4d9e6]: Words in s. 253(3) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/65) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0e90a3bc2f3c6ab007a5bfee2a160f4f]: S. 253(4A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/40)
[^key-b852007d7d20f950c5a87b8e08b0c9d9]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/a)
[^key-67f37b8aac0e69364885b7476ff822ff]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/b)
[^key-1e311fd43a8bffecbc1c8a620d689325]: S. 253(3A) inserted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/3)
[^key-57b6996f44fdb39d622baaf783c5f17f]: Words in s. 253(4) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/4)
[^key-8a34d451565998448a95265288a1452d]: Word in s. 276(2)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-a910ae81df7c6f3bc7f29c559ae9999b]: Word in s. 276(6) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-27e768c2e8037c3f0d27934610b7d622]: S. 279(5) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/41)
[^key-8824bdafb7f54ea909c9bb23ee519095]: S. 279(1)(b)(c) substituted for s. 279(1)(b) (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/64)
[^key-96f22bd6efdb7fa5f5923b590350ab24]: Words in s. 280 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/65)
[^key-d72e5286e2356534ae642de09e81c5cc]: Word in s. 281(3)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/e)
[^key-3dc0e6817744d137e56d15f8aa901435]: S. 281(5)(a) substituted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/2)
[^key-bbdbb11c80ce0bcd0699d8e89aa78b7f]: Words in s. 281(6) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/3)
[^key-8210b746d546790ac4b57cc45600bd3f]: Words in s. 281(7) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/4)
[^key-ab7abbbeec14bc74557556f802c99437]: S. 288(4) repealed (with effect in accordance with Sch. 41 Pt. VIII(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/3)
[^key-2c7941abd9e7f72eba40a532b875eee6]: Words in Sch. 2 para. 4(11) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/2)
[^key-7fc53d9bf5ad30dd6e8872c05bf95021]: Words in Sch. 2 para. 17(3) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/3)
[^key-0953e051c943f700039c702a72379126]: Words in Sch. 4 para. 9(1)(b) repealed (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 43(a)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/43/a/ii), [Sch. 41 Pt. V(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/11)
[^key-64822ee7a137518af6bb9a3cf11b58c8]: Words in Sch. 5 para. 1(3)(a) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/a)
[^key-fe72e5e39560e354146bd7b945ae9b96]: Words in Sch. 5 para. 1(3)(b) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/b)
[^key-94e1b39f68bc98740284a15738ba7b32]: Words in Sch. 5 para. 1(3) added (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/c)
[^key-bb608531cf9012ce903a682a4dbc6ae7]: Sch. 5 para. 8(10) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-51a83773a672f75b2c16839a4e0b0831]: Words in Sch. 8 para. 3(2) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/2)
[^key-7975383cdb2a5206c35c1c21808dfc81]: Words in Sch. 8 para. 3(3) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/3)
[^key-a155efee9160c829423f220f55cc5f08]: Sch. 8 para. 3(4)(5) substituted for Sch. 8 para. 3(4)-(6) (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/4)
[^key-a4b672eac45f082f9ec786de1a9c662c]: Words in Sch. 8 para. 10(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 67](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/67)
[^key-8ff0c9eb554f6deb9f28dee5217f7c51]: Sch. 9 para. 1A inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/8)
[^key-53900688d4804d74a2924fa0389fe8ed]: Sch. 10 para. 14(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-10c45ae2339c8a2b4abc359020ab8b85]: Sch. 10 para. 14(29) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-cab1bd2981ca9323ee96983a37c14ec4]: Sch. 10 para. 14(57) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-274040fac8fc9577f91dd783053f0be3]: Sch. 10 para. 19(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-d2af9df92f6d53e27aca04a035d7326a]: Sch. 10 para. 22(4) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-39f20c9a2d8c938665a87d805de2cea9]: Word in Sch. 11 para. 7(1)(a) substituted (with effect in accordance with Sch. 38 para. 12(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/12/2)
[^key-eabfa5db8829270e684146e970001f87]: S. 237A inserted (with effect in accordance with s. 112(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/1)
[^key-a3e0eaf523ad5197cad247df2998be00]: S. 171(1) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/2/2) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-3f5cc9c9882028d18e817dc31c07638a]: Sch. 2 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/5) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-8bdc39bdac9b96e454783349019bf3d6]: S. 179 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/6) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-f803d2ac1a5677655c2902d0bdfc6765]: Ss. 127-131 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/a) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-d42cb87d52ac191a8f14b80e75388082]: S. 116 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/b) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-9b3ddcfbaa783a692b5c45b4423e4413]: S. 30 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1)
[^key-0f15f7d65a50e5815451bf49ea6d5443]: S. 30(5) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/3)
[^key-b2f18aac5e3bbb2b3880b119d1654e5d]: S. 23(4)(5) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/3) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-82560af1f75e63558ace0c1d2a55ce27]: S. 219 substituted (1.10.1996) by [The Housing Act 1996 (Consequential Provisions) Order 1996 (S.I. 1996/2325)](https://www.legislation.gov.uk/uksi/1996/2325), [art. 1(2)](https://www.legislation.gov.uk/uksi/1996/2325/article/1/2), [Sch. 2 para. 20(2)](https://www.legislation.gov.uk/uksi/1996/2325/schedule/2/paragraph/20/2)
[^key-b03a22fcf06d05c38162e04651505dbf]: S. 3(2) sum amended (for the year 1997-98) by [The Capital Gains Tax (Annual Exempt Amount) Order 1996 (S.I. 1996/2957)](https://www.legislation.gov.uk/uksi/1996/2957), [art. 2](https://www.legislation.gov.uk/uksi/1996/2957/article/2)
[^key-f08767d1b3623c295ae3b70e40232eb8]: Act modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-ba102739912fdac2e405d7b442fd9c9f]: S. 37 excluded (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3)[(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/4), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-eb4c470f1bb5e4a1d00f594650d043af]: Words in s. 116(2) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/4)
[^key-08d4c9060b7dc650d58ca69f9c11bedc]: Words in s. 132(3)(a) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/a)
[^key-20c6be0c7939196e751b6c08e58a21d9]: S. 132(3)(ia)(ib) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/b)
[^key-91cf669111b35467695316553cb9cb39]: S. 132(4)(5) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/3)
[^key-5098e93cdd617b800fb8d37b1fbcb222]: Words in s. 251(6) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/5)
[^key-664c9c0b31e845fe8c84f129699189c4]: S. 271(9) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/2), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-4d4c884cf99b808b26432c537cc69a0f]: Ss. 263B, 263C inserted (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-9735a95c7c30443768e2053b808fb857]: Words in s. 283(2) substituted (with effect in accordance with s. 92(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/5)
[^key-906bea789a877c8b838b60d121bbfcca]: Sch. 10 para. 14(8) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-66107416e029071699b9827a7a22b8d0]: Sch. 10 para. 14(39) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-f4668620d82d309eec6f40b4bcd707c1]: Sch. 10 para. 14(61) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-8b56dd37c73f85c4b30678732d7a145a]: S. 272 applied by Building Societies Act 1986 (c. 53), s. 102C(3) (as inserted (with effect in accordance with s. 2(2) of the amending Act) by [Building Societies (Distributions) Act 1997 (c. 41)](https://www.legislation.gov.uk/ukpga/1997/41), [s. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/1/1))
[^key-e26f2e078cbc76579aa9daa028f3e382]: S. 99(2)(c) added (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)
[^key-cec938f4faf0a0e09eb61ada58d887fe]: S. 272(5AA)(5AB) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [22(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/22/b)
[^key-b816c7c9b643f251909a2628fcc34d4a]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(a)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/a)
[^key-b4bd0967d01a62c88cd2d5a563af19e0]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/b)
[^key-5ebd611491b3218e254d4fa58429490e]: S. 3(2) sum amended (for the year 1998-99) by [The Capital Gains Tax (Annual Exempt Amount) Order 1998 (S.I. 1998/757)](https://www.legislation.gov.uk/uksi/1998/757), [art. 2](https://www.legislation.gov.uk/uksi/1998/757/article/2)
[^key-b83eda6c2dcd32ee70868720a1184263]: S. 151 extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(7)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/7/b)
[^key-10f027456dfd7b9a777468a7c812ba00]: S. 104(1) restricted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/8/c)
[^key-cf37623b551ba3d892b0b7507d4f3a92]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/5)
[^key-e60eabb2815b7d7e9cd6e52a44508caa]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/4/1)
[^key-5c30ea87fa8f02636763506e5ebacb30]: Sch. 5 para. 8 applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/6)
[^key-688b840e4490cddabe9465b9ce2e6577]: S. 3(5)(5A)(5B)(5C) substituted for s. 3(5) (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/3)
[^key-f6fe080dff0b0df6826f650bd30d3097]: S. 5 repealed (with effect in accordance with s. 120(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(29)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/29)
[^key-4294e0f8b20a4f9d83e9c05abc62490a]: S. 13(11A) inserted (with effect in accordance with s. 122(6)(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 122(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/122/4)
[^key-86438b51ee3bc7b9bf578e8a5e0cc591]: Word in s. 39(1)(2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-306c93810e859f38eace602fdb011024]: Word in s. 41(4)(5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-696ede83f30354a43a44f707df22df48]: S. 62(2A)(2B) inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/5)
[^key-6301ede26ff52f4784ebc0ea559ce41d]: Words in s. 76(1) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/a)
[^key-310e9f702c48c5084463062ab2c288dc]: S. 76(1A)(1B) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/b)[(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/2)
[^key-f1b8513cd8c0fd3d29dc0b5e2a634c83]: S. 76(3) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/c)[(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/3)
[^M_C_633fd138-95d0-4e3b-8045-dadbce6f507f]: S. 86 modified (with effect in accordance with Sch. 23 paras. 1(1), 2(1)(5)(6), 3(1)(4)(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 paras. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/1/2/3), [2(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/2/2), [3(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/3/2/3)
[^key-0e9392a41b53e90e5e0c3449ebf4f226]: Word in s. 88(1)(a) inserted (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/a)
[^key-45afe211c1ddff5ffee875265d049cee]: S. 88(1)(c) and preceding word repealed (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/b), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-cbba2c4a77b1cfb48dd9193d7c50a534]: S. 214C and cross-heading inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/7)
[^key-a141d3556167f8398d2182dbf049855b]: S. 96(9A)(9B) inserted (with effect in accordance with s. 127(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 127(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/3)
[^key-6016b4a0117664af4376644783b9a5ac]: Words in s. 97(1)-(5) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-c0de53c5e1f6d6a7132affdb7f5c3e51]: Words in s. 97(7)(8) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-0a6c99907e785529597f2324a1dd5f0f]: S. 101(1B) inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/3)
[^key-71b7283be4cf9400c10deb7a84736406]: S. 101B inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/2)
[^key-8e167f5c1f0026dc980511c036b872d1]: S. 101A inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/1)
[^key-4b2e157debafe842187ad51d7dea2a1e]: Words in s. 104(3) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/3)
[^key-d8caf87165bd547e5f5ffdff1a9948d2]: S. 104(4) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/4)
[^key-229c2e7eaa703203d820938d2b9e3b0c]: Words in s. 104(6) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-c34ec802dc7847817ef916696fa36709]: Words in s. 105(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-a4c02851654be37becd39c7fa6d60f50]: S. 105(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-58e7f2aa102c1f8acdacfb167c4704e0]: S. 107(1)(1A)(2) substituted for s. 107(1)(2) (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/3)
[^key-5e7759f21313b48fb0588d083e73fbca]: Words in s. 107 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-3b7029b9493ac37a108caa1f87ec1ca0]: S. 108(A1) inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/4)
[^key-7ff0f2a811892243310774815422f4a1]: Word in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-72f8a5aaa628f5680be6a0fb7a20670a]: Word in s. 108(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-acd5760c0959e86e8b0a61b552d5de28]: Words in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/b)
[^key-66bbdc818031926b72fb4650d4196344]: Words in s. 110 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-842aebaf8bcecd12d832025b67b7eab2]: Words in s. 110(1) substituted (with effect in accordance with s. 125(4)(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/125/1)
[^key-2df9dccf59d97666a0ebaff2b721ef4b]: S. 120(5A)(5B) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/2)
[^key-313c29928f08d78159c5bf32dc4d5c03]: S. 120(8) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/4)
[^key-06422d9c451df6387354f953ec940b13]: S. 149B inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/5)
[^key-4d9d8b56cb199177e618aae78e4ace63]: Words in s. 139(4) inserted (with application in accordance with s. 134(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/1)
[^key-e47bc243e9ec61cf00db99eb42ab4ee5]: Words in s. 150(4)(a) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/a)
[^key-5b2d1c3309fe57c86e520cf93e5ed8f2]: Word in s. 150(4)(a) inserted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/b)
[^key-77c00be9e3670f3829b42b8c4ce57bcd]: Words in s. 150(5) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/2)
[^key-61b42e611550029998785b90f979a678]: Words in s. 150(7) substituted (with effect in accordance with Sch. 13 para. 42(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/3)
[^key-814522af4625aa82409ea11217aa1da7]: Word in s. 150(8) repealed (with effect in accordance with Sch. 13 para. 42(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/4), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-8e51fe7bdd7cf5c7793a226df382a050]: Word in s. 150(8A)(a) repealed (with effect in accordance with Sch. 13 para. 42(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-9417ac70f949e29122a79726d3330b71]: S. 150(8D) inserted (with effect in accordance with Sch. 13 para. 42(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/6)
[^key-f8c5a71976f2b0272ef6807c10990cb6]: S. 150(12) inserted (with effect in accordance with Sch. 13 para. 42(8)(f) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/7)
[^key-8600e284c38b9555b5be99c9840658d6]: Word in s. 150A(1) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-0e581e3263a23384ee30d7d04fb4b70b]: Word in s. 150A(2) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-db4a38f2be9fd387d41eff463e97d986]: Words in s. 150A(4)(a) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/2)
[^key-0b5f8b05268df285c6d712193ba920f0]: Words in s. 150A(5) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/3)
[^key-a56c0d7f9494c814515bccc5db7a911f]: S. 150A(6)(6A) substituted for s. 150A(6) (with effect in accordance with Sch. 13 para. 24(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/4)
[^key-9e266218ec5cb96cda219444b30bf4c2]: Word in s. 150A(8A)(a) repealed (with effect in accordance with Sch. 13 para. 24(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-27be677a57130635b0f0bbdc9fb48e70]: S. 150A(8D) inserted (with effect in accordance with Sch. 13 para. 24(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/6)
[^key-2592eb7341aa57f73a97d722877f2545]: S. 150A(10A) inserted (with effect in accordance with Sch. 13 para. 24(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/7)
[^key-7293445297c737ce098aa2f9741fada8]: Word in s. 150B(1) repealed (with effect in accordance with Sch. 13 para. 25(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 25(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/25/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-de26f86c17c672ef6058edd6be3ed10a]: Word in s. 151B(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-b27b8044094698b96edc6e608d175332]: Word in s. 151B(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-45edb600db4fd7b9ace5d885a76619b4]: S. 156(4) substituted (with effect in accordance with s. 41(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/2) (with [art. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/article/41/4))
[^key-7cba00da19ac37df385cec145f2ff4e3]: Words in s. 157 substituted (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/3)
[^key-e968fa1bc7dc3218e42edd3666c9629b]: S. 163 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/a), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-a52f8acb1d64b9d2b509972c455e850c]: S. 164 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/b), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-5f41f60e59bca3dc07666f432e81b129]: Sch. 6 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2) of, Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/c), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31) (with s. 140(1))
[^key-4b81c00871ee9253121c627a14e2c7bf]: S. 165(8)(a)(aa) substituted for s. 165(8)(a) (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/4)
[^key-bd366962c5cd0fa26cdd28560135ad8f]: Words in s. 165(6) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-61cb07b69343e7159c140997c15cd484]: S. 165(3)(a)(b) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-9eba79feed9fb7c6b9120b6b23500179]: S. 170(9)(cc) inserted (with application in accordance with s. 136(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/1)
[^key-5b8b87ef68668585d7136b0bdc8b6269]: S. 171(2)(cd) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/2)
[^key-13985841fccb45b789fa36423756eb71]: S. 171(5) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/3)
[^key-78930e50c2cd97b52f2d3943016da536]: S. 171(2)(cc) inserted (with application in accordance with s. 135(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/1)
[^key-0ecc444880639bc85cac45e21f7829b4]: S. 179(2C) inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/2)
[^key-feb5e283ee94037c0fbaf60d3b4f97c9]: S. 179(2D) inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/3)
[^key-fbf60d95c5d42af6573244b1a1f9532d]: Words in s. 179(2B)(b) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/a)
[^key-87a473aba36ba7b06c2259d61c3541fc]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/b)
[^key-756eef0255bbf3e223057f2cdc15069c]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/c)
[^key-d0a2e9812f6ade3e45855813efb9b9b3]: Words in s. 213(3) inserted (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/a)
[^key-59def5d760dd43b2b678122928c794d6]: S. 213(3)(ca) substituted for word at end of s. 213(3)(c) (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/b)
[^key-e7a1a6c6f4fd5365ae857b0089504dcf]: S. 177B and cross-heading inserted (with effect in accordance with s. 137(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/1)
[^key-bba9cafde7ac8fa5de0308caf2faa2b6]: S. 241(3)(a) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 62](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/62) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-9c21217cb19842d5a99db20569c1f7f2]: Ss. 254, 255 repealed (with effect in accordance with s. 141(2)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/b), [Sch. 27 Pt. III(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-e6441bbeb1536f5ddd0daa282d343a1f]: Pt. 5 Ch. 1A repealed (with effect in accordance with s. 141(2)(a), Sch. 27 Pt. 3(32) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/a), [Sch. 27 Pt. 3(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-4acf33256950833b00384720a0bec6b0]: S. 258(8A) inserted (with effect in accordance with Sch. 25 para. 9(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 25 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/25/paragraph/9/1)
[^key-d2cc96ed0d5390232815d0df4cce95b1]: S. 258(1) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-dcc966618809f8af4fb8a0a3e2e30373]: S. 260(2)(b)(ii) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-2bb76583cf5566f9c83db58f54e561e9]: Words in s. 260(5) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-4b8eb04c765b463f7235e4d25e8f248d]: Sch. 5 para. 2(3)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/a)
[^key-ae13bbf7a3a0e43ac0aa6191609e948c]: Word in Sch. 5 para. 2(3)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/b)
[^key-d5f8c24556715384465684d3e8c48aa6]: Sch. 5 para. 2(7) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/2)
[^key-d7287cba71aeae2472ebd3f2609ee3fe]: Words in Sch. 5 para. 2(1) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/1)
[^key-0fcbfba3ee8b54cb7c939653a54a6b18]: Sch. 5 para. 2A and cross-heading inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/2)
[^key-42dddb83fabe3ee8c823f1391a8ac98b]: Word in Sch. 5 para. 4(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-bacecf42290bb70f157c26a8ede5fcf6]: Words in Sch. 5 para. 4(4)(b) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/a)
[^key-c4e8d1051b3f557513bd1b06547db329]: Words in Sch. 5 para. 4(4) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/b)
[^key-afa96dcaa701fdc4514792ad91f7ce99]: Word in Sch. 5 para. 5(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-026de06b43c1c81bc6412c1edcf9cbda]: Sch. 5 para. 9(7)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/a) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-accc2c4146206248ad72fb457036e08e]: Word in Sch. 5 para. 9(7)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/b) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-047c2fb6b26414f64afc7804d3f04f67]: Sch. 5 para. 9(11) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/2)
[^key-39681f8486f79affd67a1219bfe22743]: Sch. 5 para. 9(1A)(1B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/1)
[^key-28d2d4374ec027f1702d61de10c205c6]: Sch. 5 para. 9(6A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/3)
[^key-d27531600ce5d03339e03198c0274758]: Sch. 5 para. 9(10A)-(10D) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/4)
[^key-a76759799bcee41425e6868dbde8a06d]: Sch. 5 para. 9(10A)(a) applied (with modifications) (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/3)
[^key-5c705c8538092649543ca0a8db51c771]: Sch. 5 para. 9(2) repealed (for the purpose of determining whether any settlement is a qualifying settlement in the year 1999-00 or any subsequent year of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), s. 132(2), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-7ee9e8eaaee5e3487fc8b9febda66d2b]: Sch. 5 para. 9(8) repealed (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-f8565e066e64b3a4096a354b1fd950d4]: Words in Sch. 5A para. 2(1)(a) substituted (with effect in accordance with s. 131(4) of, Sch. 22 para. 5(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/5/1)
[^key-47acf7650e77aaeac1a6bf36b8830c1f]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/1)
[^key-7208e46bbffb1760470495709d2a61f9]: Sch. 5B para. 1(2)(3) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/2)
[^key-a488163a5cb10a891fcac471ac52ea97]: Sch. 5B para. 1A and cross-heading inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/28)
[^key-68935aa69693842eb72420fea4763c00]: Sch. 5B paras. 7-9 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34)
[^key-38daf46965a8e0deaa7003d2ae4fc0f1]: Sch. 5B paras. 10-15 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/35)
[^key-7a8154554ea3e69a5962ed520c3df0a2]: Sch. 5B paras. 16-19 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/36)
[^key-794008056aefc2c0e29aa4bc60a32a14]: Sch. 5B para. 2(3)(a) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/29)
[^key-2421f2a28cb7bcceece81d566a59e390]: Sch. 5B para. 3(1)(e) and preceding word substituted for Sch. 5B para. 3(1)(e)(f) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/1/b)
[^key-078505e4af771fb733feba6cffb6f530]: Sch. 5B para. 3(2) repealed (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/2), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-373b4fd5ee2577e1ad79b998df404ae3]: Sch. 5B para. 3(6) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/3)
[^key-b67e06031bda8b6f2b29f11e55c98789]: Sch. 5B para. 4(2)-(4C) substituted for Sch. 5B para. 4(2)-(4) (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/1)
[^key-7dddd959cf60bf6257ab5f7959d7e66e]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/2)
[^key-b65ba3f53ed521698a2b41a671503c1d]: Sch. 5B para. 5(1)(c) and preceding word substituted for Sch. 5B para. 5(1)(c)(d) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 32](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/32)
[^key-913ee216537fff03b0122dd35323085c]: Sch. 5B para. 6 and cross-heading substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33)
[^key-d8676cbbf4b1c3f8af860d0a9b37c880]: Sch. 7 para. 8 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-295142c89d6508a587f0e728e8d85e25]: Words in Sch. 8 para. 5(1)(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-e2afc6cf8b8eb1395cf6086a720226a6]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-f84a1ec33aa7d6640f9edc0449465515]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-34ad70684568f86599cd4f4da72e6e26]: Sch. 8 para. 7A substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/5) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-435f05c9dc71029c6ed9bc2fc0e0b302]: Sch. 10 para. 14(15) repealed (with effect in accordance with Sch. 3 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/2)
[^key-41f65cdfbd6d55d70cd59074453f59b5]: S. 101C inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/2)
[^key-f9c045092261d6d9e08ae94dea017baa]: S. 106A inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/1) (with s. 124(8))
[^key-10991ce786151d17bd0d5ba97d3b168a]: S. 142 substituted for ss. 141, 142 (with application in accordance with s. 126(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 126(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/126/1)
[^key-c9715726df2f0cfa77ee85ceffbcc5cf]: Ss. 104-114 modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-916ba176b2d8c336a679b39f7b413d64]: S. 106A modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(3)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-ffcc932369aa9c7db71aa422068348ed]: Ss. 127-131 restricted by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), reg. 27(3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), regs. 1(1), 12)
[^key-933373ac8702f568a41ba91e17963fbe]: Words in s. 218(3) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/78); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7997393349525960704efa2987b06117]: Words in s. 218 heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7a4e502c85426e730ba92096d5704f2d]: Words in s. 219(2) substituted (1.11.1998) by virtue of [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/79); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-62975fb9c0a4757f3a4b20d9de8fa0b4]: Words in s. 218 cross-heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-96e8f6534b9cdc5c76f4338577066d25]: S. 263A(1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14-18](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^key-b619c958d940b7b5a605c838d13b54b2]: S. 263B modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [22(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/22/2)
[^M_C_f69b2a20-491c-411e-af59-0820b8e4abc3]: Pt. IV Ch. II modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), regs. 1, 39
[^M_C_12116e01-a7ca-4236-e993-a4eaae3b0ca7]: Act modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [36-39](https://www.legislation.gov.uk/uksi/1998/3177/regulation/36)
[^key-f621f92efbd623e23536e33d3a075918]: Words in s. 196(5) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-c7e2f434756485f265efc8bb39552b33]: Words in Sch. 3 para. 7(2)(c) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-06f5c90b9a243710276586289090046c]: S. 3(2) sum amended (for the year 1999-2000) by [The Capital Gains Tax (Annual Exempt Amount) Order 1999 (S.I. 1999/591)](https://www.legislation.gov.uk/uksi/1999/591), [art. 2](https://www.legislation.gov.uk/uksi/1999/591/article/2)
[^key-267c3c03005c11d549e2de592099e7e6]: S. 213 modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [11(2)](https://www.legislation.gov.uk/uksi/1999/498/regulation/11/2)
[^key-4debebd141be9e36e89de033f1cc8e32]: Words in s. 155 added (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Fish Quota) Order 1999 (S.I. 1999/564)](https://www.legislation.gov.uk/uksi/1999/564), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/564/article/1/1), [3](https://www.legislation.gov.uk/uksi/1999/564/article/3)
[^key-7b41b1063d85b2c19b112f99600cc435]: S. 106A modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(3)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/3)
[^key-998e95bfbda90e55ce07a546b2811157]: Ss. 127-131 restricted (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(4)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/4)
[^key-5346756a32676df16c7c1c51191705bc]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(7)-(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/7) (as inserted (with effect in accordance with [s. 65(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/7))
[^key-0356d437dd6f52615e9559086dd13b18]: S. 117(2AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-b342e8b1663cbfa82693f97f1524b747]: S. 251(8) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-adc630130ff9d99254eb48b990336aae]: S. 116 modified (with effect in accordance with s. 66(1) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/66/2)
[^key-4093193869c310903fc4ac8b0401dc40]: S. 170 applied (with effect in accordance with s. 81(12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 81(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/81/7)
[^key-e2f809b66583bbe3f676cc2fbc9cd095]: S. 179 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4), [4(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/2)
[^key-ad9e7244d177f2ebc02e60309f723583]: S. 185 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4)
[^key-c42008dae329e95a470c4862d376625e]: Ss. 170-192 restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [4(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/1)
[^key-1e400b2b8bdfb22e5eeef8cb98a8c72c]: S. 71(2)-(2D) substituted for s. 71(2) (with application in accordance with s. 75(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/75/1)
[^key-39999b6afc12dbd0d7698d131d630d2c]: Words in s. 155 inserted (with application in accordance with s. 84(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 84(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/84/1)
[^key-f14d456bfde0decd505afd6ca146a70f]: S. 193 repealed (with effect in accordance with s. 103(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/103/1), [Sch. 20 Pt. IV(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/IV/2)
[^key-c684e9ab8e75c28388859a804dd7fa4f]: Words in s. 222(8)(a) repealed (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/2), [Sch. 20 Pt. III(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/7)
[^key-5b713a4c6e02eefe6a425f163ae487a8]: S. 222(8A)-(8D) inserted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/3)
[^key-34361f8c3051057f901835af5d7c4dd2]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/a)
[^key-b74c126f1f3a95f0a0bcd49e0d0ed516]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/b)
[^key-301240805bfd86bcb0901cbde2dd6285]: Words in Sch. 5B para. 2(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-fb754a0e87e9a020cfec6e64a163bd25]: Words in Sch. 5B para. 2(4) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-af625b8adf62e15e5f20e932122f9b24]: Words in Sch. 5B para. 2(2)(3) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/b)
[^key-b8deab97154bb9e39c9ae4a90c66eda0]: Words in Sch. 5B para. 2(2)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/c)
[^key-e23e197c66b09aff7cbd2ee1a71d89f3]: Words in Sch. 5B para. 3(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-677d8a6a994627a9d3e2e80b426b6bb2]: Words in Sch. 5B para. 3(5)(a)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-5d669765fa68ca84631f448befe09c74]: Words in Sch. 5B para. 4(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-b7f4867d4298e7a7a379ba8ad7cdbbc3]: Words in Sch. 5B para. 4(5) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-937ebd8d4b6f2d2cd3183264500ea8c2]: Sch. 5B para. 4(1)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/1)
[^key-5c0b65b35647963f388566f3f8ec8557]: Sch. 5B para. 4(5)(a) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/2)
[^key-38c7feae5820faa3ae12872dc4700e38]: Sch. 5B para. 4(6)(7) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/3)
[^key-822f1f6ce26dfc9a28cc8af5ee77943b]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(f)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/f)
[^key-9dfe020f6cd27bffcc818b671979f56e]: Words in Sch. 5B para. 5(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(g)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/g)
[^key-281f960c2693476929d9089b0f94dba9]: Words in Sch. 5B para. 6(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(h)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/h)
[^key-0441bf4266c82cac6bb5bdf148906e4c]: Words in Sch. 5B para. 16(1)(2) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(i)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/i)
[^key-5c24d7ed743c629317ebd21adb5c1385]: Words in Sch. 5B para. 19 repealed (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/1), [Sch. 20 Pt. III(18)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/18)
[^key-6aad2189750abbe226abd8cfa31e9b53]: Sch. 5B para. 19(1A)-(1E) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/2)
[^key-00d1233d9ae151b4d3fdbaa5421a57f1]: Ss. 284A, 284B inserted (with effect in accordance with s. 76(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/76/1)
[^key-b7b353e028972a5162af24d7f62a75f6]: S. 271 extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 419(1)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1)[(2)(b)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/2/b), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-9a294e15173b9110db3e08e6697ac85d]: Ss. 170-181 restricted (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/3), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-a7aa36fdad2968d8e9cb739e91bc01e6]: Act modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [Sch. 33 paras. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2), [8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/8); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/ukpga/1999/16/article/2)
[^key-437fd1ce81e679feb310fb9a6527801a]: S. 179 modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 paras. 3](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/3), [9](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/9); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^key-f77ae67f56d365bbb7393cd3eb8ffdaa]: S. 3(2) sum amended (for the year 2000-01) by [The Capital Gains Tax (Annual Exempt Amount) Order 2000 (S.I. 2000/808)](https://www.legislation.gov.uk/uksi/2000/808), [art. 2](https://www.legislation.gov.uk/uksi/2000/808/article/2)
[^key-dc0aaa2dbade19fa4572aecd6c566350]: S. 229(1)(3) excluded (with effect in relation to a disposal of shares, or an interest in shares, made on or after 6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 54](https://www.legislation.gov.uk/ukpga/2000/17/section/54)
[^key-4f906037c4a09e9c151531bf02d9a0b4]: Ss. 127-130 excluded (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 58](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/58)
[^key-dfb349168c5ecdfab9fc8fc9e26c245e]: S. 30 applied (with modifications) (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 71(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/71/3)
[^key-879bb435fa23bd0c6a0c28e445af2fac]: S. 10 extended (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 79(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/79/5)
[^key-09d636324ff6ffc844cee5699f3872d3]: S. 116 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-cfafcb1962aaa9f7b9f086bf460963fc]: S. 127 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-dccfeacff0ca82936b5aa29f3057091a]: S. 116(10) excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/2)
[^key-b51d7d3fe7d45eb0ac1bc7d747400bfb]: Ss. 127-130 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/1)
[^key-4abb60a84cbfbbcb4d15dc7fb0701093]: Ss. 135, 136 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 82](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/82) (with [s. 84](https://www.legislation.gov.uk/ukpga/2000/17/section/84))
[^key-08368daadb478ff18210812f31fa1adf]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 84(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/84/2) (with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/84/1))
[^key-c1f56610099096463cc37c7e7a127c22]: S. 116 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-2b70ecfdb53c2ddf25b34251b94328ea]: Pt. IV Ch. II modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-8a27b6fc0dfd32c7d9cb901fb610a0bc]: Ss. 104-106 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-5ef69125da285adf521eea6f27e9d1ea]: S. 107 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-d840d09ce76a60c94b0cbcb47128a749]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/7)
[^key-365d0973a5276c11a0feb3ffcf4f53d0]: Act applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/1)[(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/2)
[^key-f0c6880dce83b02a9c59b868aa36d8c5]: Ss. 152, 153 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 67](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/67)
[^key-70bb7609c6a60bbbde1f1088902cd1f9]: S. 14(2) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-39606507047dc49a00ecf0ba520fe7f5]: Words in s. 14(3) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-0529da3d432e81a018f63f5df254cf6a]: Words in s. 14(4)(b) repealed (with effect in accordance with Sch. 29 para. 16(5), Sch. 40 Pt. 2(12) Note 2 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ba74702eca2448b93bd5801b6e1b7363]: S. 25(3A) inserted (with effect in accordance with Sch. 29 para. 6(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6eb656edb25408619bb42420f433cd43]: S. 25(4) repealed (with effect in accordance with Sch. 29 para. 6(5), Sch. 40 Pt. 2(12) Note 3 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9012435f82a40b34d55b406f4a3dc178]: S. 41(8) added (with effect in accordance with Sch. 29 para. 12(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/12/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b367c5932e7bdcd90a30aa4f4e6e9611]: Words in s. 85(2) substituted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/2)
[^key-38f95f8347db5f32035ec6f33410842b]: Words in s. 85(5) inserted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/3)
[^key-b083a61ddbabe5dad239163961488efc]: S. 85(10)(11) added (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/4)
[^key-3ed2d26e9f7acfd8f1a66ce6fa24b7b9]: Words in s. 96(1)(2) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/3)
[^key-ba2018bc38cebfc7f0f57f14851bd377]: Words in s. 96(5) omitted (with application in accordance with s. 96(2) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/96/1)
[^key-1c0d6767db2c154b387c6bccce179836]: Words in s. 97(1) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-e265f1a62745ba2564ff92516e8089e5]: Words in s. 97(3)(a) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-b737196adc69a140c034b7be35b9c56b]: Words in s. 97(4) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-c5c1a1cfdc510ceb554657079bb10ee5]: Words in s. 97(7) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-463d4507ff8604b5e9a3ba5b1eed8d7f]: Words in s. 97(5) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/5)
[^key-a9d0b93a91d3c56901ad731e7762273d]: Words in s. 97(8) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/8)
[^key-aa617e491d213808596398f2ddf01d4b]: S. 98(3) added (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/5)
[^key-9922eb951eee72c31d7eaabc99e37a7c]: S. 76A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/1)
[^key-0777a9d9f954dc1caec5597f14f8332f]: S. 76B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/1)
[^key-1dbdd0ff47b72eb8f83ad80bbaae49a4]: Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/2), [Sch. 24](https://www.legislation.gov.uk/ukpga/2000/17/schedule/24)
[^key-0db68eb140b277f1c5da0b5be05cf4d5]: Sch. 4B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/2), [Sch. 25](https://www.legislation.gov.uk/ukpga/2000/17/schedule/25)
[^key-54d05399549147160740abd0441401d1]: Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 Pt. I](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/part/I)
[^key-0aa080b5b119f78b603554bb691dba0a]: Sch. 7C inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/2), [Sch. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/9)
[^key-a98adc2626a437c81d0ef4557743875c]: Words in s. 116(11) substituted (with effect in accordance with Sch. 29 para. 19(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/19/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5758721aea7dc4f32f8835ebb5728612]: S. 139(1)(b) substituted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b4c885c4e227dab88988dcd8df591f85]: S. 139(1A) inserted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d774c2071919a34820f457acca435c70]: Words in s. 140(6)(b) substituted (with effect in accordance with Sch. 29 para. 23(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/23/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5a9b86c4942d2448f99e910386b9d33b]: Words in s. 165(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/1)
[^key-dc88bc011c3dbd19bd44066552633bb1]: Words in s. 165(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-494c5aed6afdc82d2980a7efecc91887]: S. 170(2)(a) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/a), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d7bcf3030e7837b885589c74b7a71e4d]: Words in s. 170(9)(b) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ac7a6296595a344691f97e098b291ce0]: S. 171(1)(1A) substituted for s. 171(1) (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_7c164997-1bb5-4630-b013-2a564d7bd8a6]: Words in s. 171(2)(a) substituted (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), Sch. 29 para. 2(3)(a) (with Sch. 29 para. 46(5))
[^M_F_b0425073-810f-4c54-c8b0-a41f219afb0a]: Words in s. 171(2) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_55adb570-8d97-412d-c2cd-5d972766337f]: Words in s. 171(3) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_c4372e9f-1b89-4081-d106-22ec83a0ca02]: S. 171(6) added (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/5) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8e9440f611be5b37dd5f45582bbf2636]: S. 172 repealed (with effect in accordance with Sch. 29 para. 3(2), Sch. 40 Pt. 2(12) Note 5 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97394912723dc31b561bd08ad4f468c3]: Words in s. 174(4) substituted (with effect in accordance with Sch. 29 para. 13(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/2) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-595c62fa3b89192c365eee9f4b463c01]: S. 174(5) repealed (with effect in accordance with Sch. 29 para. 13(4), Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/3), Sch. 40 Pt. II(12) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_9e25f256-54ff-4544-ed2c-c358092b0bbd]: S. 174(1)-(3) repealed (with effect in accordance with Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97bc5e9a9de9983c4be7cd6aa52f75c2]: Words in s. 175(1) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/2) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-af0bab03b4d5cc2b61e97db4e23fa6fd]: S. 175(1A) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/3) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24af986d15aa54e276e49ba96e5d7e33]: S. 175(2A)(ba) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/4) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-aaa69873045a081b0fc7b15af89d3e48]: S. 175(2AA) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/5) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-62d54c5ad4dc4243fa6aec63771723ce]: S. 175(3) substituted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/6) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_0fcf726e-25fb-4ef2-a86f-c88dc0e0643b]: S. 173 substituted (with effect in accordance with Sch. 29 para. 11(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 11(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/11/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-36a1a766bc5a779e5c503020e8bcbda4]: S. 176(7)(c) and preceding word repealed (with effect in accordance with Sch. 29 para. 24(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/24/1), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-3a8eaf5bbf90e388af1c455a69c571c1]: Words in s. 177(2) substituted (with effect in accordance with Sch. 29 para. 25(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/25/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-706ddd723a8e450228340057d87da481]: S. 178 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/26), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5b18e66015f0f8071e496e23ccb09432]: S. 179(1)(1A) substituted for s. 179(1) (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-a6f7c391b9f4ef7ea9e62a104dd4a606]: Words in s. 179(2A)(b) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8b253f9f359d941766dd20c4cf2ecbb1]: Words in s. 179(2B)-(3) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ca3687450a7392c6c751029280986343]: Words in s. 179(4) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-c0c8689a2758a49856104b842d813106]: Words in s. 179(10)(c) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-349307d5aa5df27fa6eec52e4e3c36bc]: Words in s. 179(13) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-7f683c2558cb51f9ad3251eb1f444feb]: S. 179(11)(12) repealed (with effect in accordance with Sch. 29 para. 4(7), Sch. 40 Pt. II(12) Note 8 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/5), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-92e698b5676c0615a154731d1c973ebd]: S. 180 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/27), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-534ec8026c4b7e7b956ffd2d95b43cc2]: Words in s. 181(1) substituted (with effect in accordance with Sch. 29 para. 28(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/a) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-4363051cdc53597d5ffdcdfb35bce255]: S. 181(5) repealed (with effect in accordance with Sch. 29 para. 28(2), Sch. 40 Pt. II(12) Note 9 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6a1cf12afd7b05a3cc2f592a775e1995]: Words in s. 192(3) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/29) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d221057aa86217906eb5753d3c2e2e9a]: Words in s. 192(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-020f498c97f5213003d25ba2e7d51f3b]: Words in s. 195(2)(3) substituted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/2)
[^key-ff8b212e8b54c12a267e60e49ebcefcd]: Words in s. 195(3) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/3)
[^key-487c6d7c8fb0d181e9df3783d237edea]: S. 195(8) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/4)
[^key-89504cd6537e96ef9e091f3bcfac0a0c]: Words in s. 197(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-2c893a6a6ed3ea2a69179cd3fd9c2437]: S. 211(3) repealed (with effect in accordance with Sch. 29 paras. 5(4), 30(5), Sch. 40 Pt. II(12) Note 10 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 30(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/30/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-db9350ab2ecbb3ee2083749d616a8eaa]: Words in s. 216(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-f6c112bc93394d9857cbd7a3166ac1d6]: Words in s. 216(3)(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-0bed60d27c728e6baaa10af23307719a]: S. 217C(2) substituted (with effect in accordance with Sch. 29 para. 32(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 32(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/32/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24e29ea4b9d1d3c6437db50341f38cb2]: Words in s. 260(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/2)
[^key-901015d1ff5d4e20317ff98e250baca8]: S. 276(8)-(10) substituted for s. 276(8) (with effect in accordance with Sch. 29 para. 35(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 35(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/35/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-beb725a5b16355887a1c6c1daa73058c]: Words in Sch. 4 para. 4(2) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-529d8ad913c573bf2492f0cc520ca465]: Sch. 4 para. 4(3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-578e9b039dd8755adf10546d7697c834]: Sch. 4 para. 9(1)(a) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-8c68af40a1b35ece71f64cfe302a7a1c]: Words in Sch. 5B para. 14(1)(a) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/a)
[^key-ebac49be242cc25921f4cf6f4a8e7172]: Words in Sch. 5B para. 14(1) inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/b)
[^key-944f5cbc542cdf7d828c1b4ac4ef26c7]: Words in Sch. 5B para. 14(3) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/c)
[^key-51fcb0905794dc3375b470d5242d712d]: Sch. 5B para. 14(3)(c) and preceding word inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/d)
[^key-4198af63782345e2fe47cdd12872819c]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 40 Pt. II(5) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/5)
[^key-a09434311d17f9c1b66bd4934fff2018]: Words in Sch. 7 para. 2(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-0e27e39f7e392c350cb53772d96eb5de]: Sch. 10 para. 14(42) repealed (with effect in accordance with Sch. 40 Pt. II(10) Note 1 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/10)
[^key-c0768b7a580dc85c9d5fc714979c0a97]: Sch. 5B para. 14A and cross-heading inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/3)
[^key-746cdc6181e6bc0e6918a24255fe5311]: S. 79A inserted (with application in accordance with s. 93(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 93(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/93/1)
[^key-98995ad42215f1c37e37bb3cfda7409c]: S. 79B inserted (with application in accordance with s. 94(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/94/1)
[^key-b7bf38722d51a41c7da4f50adadd9fab]: S. 190 substituted for ss. 190, 191 (with effect in accordance with Sch. 29 para. 9(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/1) (with [Sch. 29 paras. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/4), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9af20e74f55f104ee62c0dbbd45b8751]: S. 236A and cross-heading inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/1)
[^key-92ee80fbc97ba979b4b5506e167ccd6f]: S. 30 excluded (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/6); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-505eb8b04d4bc232c072ab7eec3d3a01]: Act applied (with modifications) (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/7); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-51297f08efabb57208a92949101ae9bc]: S. 30 excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-4020530bbbacaccd0bdfe8b7aff2559e]: S. 154 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/6/2); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-d25228af38a53143a2c4de59f9837e98]: S. 41(8) modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/1) (with [Sch. 26 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/2)); S.I. 2000/3376, art. 2
[^key-eb4565ff9851983fbf666b6e88d4572f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/1) (with [Sch. 26 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/2)); S.I. 2000/3376, art. 2
[^key-bf3895bf5eeb9822fe0342e96b67ee4f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 31(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/1) (with [Sch. 26 para. 31(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/2)); S.I. 2000/3376, art. 2
[^key-d355d2e4b52dd04cef36f6433e1decf0]: S. 30 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 36](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/36); S.I. 2000/3376, art. 2
[^M_C_f5aa1bb8-132b-4c8c-b1de-2bb4f800b129]: Act modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 7 paras. 2(1)(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/2/1/2), [3](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/4), [20(2)(4)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/20/2/4); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_a4e06366-39aa-4eaa-f6df-d9cb66435c04]: Act modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 26 paras. 9](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/12/2), [26(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/26/2), [33(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/33/2); S.I. 2000/3376, art. 2
[^M_C_be5d6d1c-e180-4c1e-ff4b-83d3914c0c91]: S. 171(1) excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 2(4), 20(5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_1e048622-02c9-48bb-965f-74c9420c3e80]: S. 179 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 8-10; [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_4162b110-f147-42b4-89fe-94a838bb186e]: S. 179 modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 paras. 11](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/11), [20](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/20), [25](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/25), [32](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/32); S.I. 2000/3376, art. 2
[^key-77152080e0640237b0f4afd5e6697f11]: S. 3(2) sum amended (for the year 2001-02) by [The Capital Gains Tax (Annual Exempt Amount) Order 2001 (S.I. 2001/636)](https://www.legislation.gov.uk/uksi/2001/636), [art. 2](https://www.legislation.gov.uk/uksi/2001/636/article/2)
[^key-9ce19b3b1d19aed3cae4b6a18d19d277]: S. 37(2)(a)-(c) substituted for s. 37(2)(a)(b) (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 77](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/77)
[^key-a801471d426d122eec4c104e3cf6c09c]: S. 41(3)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/1)
[^key-58009fe6ec3807e11d143e0171158ea8]: S. 41(4)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/2)
[^key-5aebf84bef7ad2ed22faab00f81d0935]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/a)
[^key-6439d1ad50dd8a09c462efe63139677c]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/b)
[^key-1cadb5592aa9641948a8c26b346f38fa]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/c)
[^key-9634918482d507b6e4fcafc63a1219ec]: S. 195(2)(b)(c) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/1)
[^key-a5af8206d9833e8ba29e5600f8e8949a]: Words in s. 195(3) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/a)
[^key-97e50aac1979b6d259fdd7adf3a6897f]: Words in s. 195(3) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-9102c5876a613cbe8668fb8b16247a66]: Words in s. 195(4) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-86588bc727fe1805b02e1c8c0a44d8e6]: S. 195(4)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-96355777034d753e5ae24081eacd0735]: S. 195(5) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-8f2c0988ab1d710b9f73475a392b3322]: Words in s. 195(6) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/a)
[^key-3940ef085d9249cb561cf4356c4affcc]: Words in s. 195(6)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/b)
[^key-4f1f31bc5161193ab93b47924599105a]: S. 195(6)(b) and preceding word omitted (22.3.2001) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/c)
[^key-158a3e9707cfcd660887dbdeb79e659c]: Words in s. 195(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(6)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/6)
[^key-5afc8c280de2c25536ee22d81949a1c6]: Words in s. 288(1) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c240bf6c68dfe5145ff87e21bb82fe1a]: Words in s. 288(1) inserted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80)
[^key-684fd4ac550167e57ef6955c3fb79ceb]: Words in Sch. 3 para. 7(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 81](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/81)
[^key-47ee1d0b223e6d333bf75c0c73ac5ac6]: Sch. 10 para. 21 repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c8f1fd8b4974cb03ccdaa0f43580e94c]: Sch. 10 para. 1 repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^key-841548613a812a7bad6f43cf1a97b3e6]: S. 156A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(4)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/4), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2
[^key-156ef238444d10c14e264989d94b4c1f]: S. 59A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), ss. 10(3), 19(1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2; s. 59A substituted (retrospectively) (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/2)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-69aa6e2ada66ef4eaf777fead78c33b0]: Words in s. 170(9)(b) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/4)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a11ff3822bc00907a42a5e92fa9af5ea]: S. 271(12) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-9c6dc56f0ee5d020b295b90b885c5efe]: Words in s. 288(1) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-361457e70a35479722f18e56601fc7ea]: S. 169A inserted (with effect in accordance with s. 75(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/3)[(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d996841b11440f9b5089446d97c628dc]: S. 13(5)(b) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-869a976a60841ce55a980fd6553607bd]: S. 13(5A)(5B) substituted for s. 13(5A) (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^M_F_2e33e0db-02eb-435c-84ae-3a59c52546ce]: S. 13(10B) inserted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-73ba2515fa467a07cefb39aa458dabad]: Words in Sch. 5B para. 3(1)(c)(d) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/29) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-feb7f1ec3beb6ac3acf6dd656418eca9]: Words in Sch. 5B para. 13(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e482aecab4338ebc00d4a5b6ba6c6fa7]: Sch. 5B para. 13(1A)(1B) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a54a60760fe3a3850587a6935ea211fa]: Sch. 5B para. 13(4) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-380d63f4c297301f8cb8fdabddde9399]: Words in Sch. 5B para. 13(10) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1e2cc60efd0f6fe692b32ad40b440512]: Sch. 5B para. 13(12) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-562a908823f419b49767c95189e0458d]: Words in Sch. 5B para. 13(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-cc5eb353c9524cca1c58920d4a4d232a]: Sch. 5B paras. 13A-13C and cross-headings inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 31](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/31) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-f7062c9c0bb811d7f259fd4f40739c4c]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-4d042b80b7a5b82ece661a1bd47e5e0f]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d97849d4d94af88257fa857cefdadbdd]: Words in Sch. 5B para. 14(3)(c) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c10fc30b9b927005813420787c71ee30]: Words in Sch. 5B para. 14(3) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-001a9c1f418118a834dd68d4d0f7c25f]: Words in Sch. 5B para. 14(7) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-6b7cfd188662f14fc142f3efda16b175]: Sch. 5B para. 14AA and cross-heading inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/33) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-23f187ce8e3d8333222af20eb1a481cc]: Sch. 5B para. 14A(2) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-b46b8cbe68cbb79e53c4fd489dfdd901]: Sch. 5B para. 14A(7) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 to the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c7f597880fb7f732075a1f9f5e351ded]: Words in Sch. 5B para. 14A(8)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-263072b55cead0a7dad1aca442974701]: Sch. 5B para. 16(2A) inserted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1c1c73c3ccf5781e497887e6a4621a4e]: Words in Sch. 5B para. 16(3A) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7d2e5bbd652bf39422aac5a988cf7e73]: Words in Sch. 5B para. 16(5) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-579265a7c703132329923e43d409a5d3]: Words in Sch. 5B para. 16(1)(a) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-38258cffbbedf140ee90d6843b83be6e]: Words in Sch. 5B para. 18(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-55e1aa6c9f527eecfaaa2e17c0d35080]: Words in Sch. 5B para. 18(2)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/i) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-8c7ee1660bc6b98e952638f9a67f415e]: Sch. 5B para. 18(2)(ab) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/ii) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-3a9fef01c97dd076fae7b4e108fa306d]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e597a628e65a4e401d8f9236406fb213]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7dd2850421d79e8ba50ee3f0898daf35]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1440a3a04695f50daa2b521308712f49]: Words in s. 99(2)(a) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [62(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/1)
[^key-266b7a49336d01452652571cd88e6ed4]: Words in s. 117(11) substituted (with effect in accordance with art. 63(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [63(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/63/1)
[^key-5984996b8a466c2439b51db20ec29d27]: Words in s. 143(3)(a)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-6ee94b58e87a9fa595cfe9652e6677bd]: Words in s. 143(7)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-3ce7746d93d5371050dad63467b5b6b1]: S. 143(8) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/3)
[^key-226738d4580a11836de29d4c54b945ed]: Words in s. 144(8)(c)(i) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/a)
[^key-f83c7ddb6d57bb72e185b29300b2a5c2]: Words in s. 144(8)(c)(iii) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/b)
[^key-7f572db4967db36e2c09c958e78b7e81]: S. 211(1)(1A) substituted (with effect in accordance with art. 66(2) of the amending S.I.) for s. 211(1) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), arts. 1(2)(a), 66(1)
[^key-ff905b5a77ff74b3a9b505fba173ccc3]: Word in s. 213(4) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-9af6ffe4f66e096bdb300cd9c46c5abe]: Word in s. 213(7) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-c46c88f02b012d1c5a9fe2e455519224]: Words in s. 288(1) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [70](https://www.legislation.gov.uk/uksi/2001/3629/article/70)
[^key-020df7f1bedf67fa0fe02ad0cc07c70e]: S. 3(2) sum amended (for the year 2002-03) by [The Capital Gains Tax (Annual Exempt Amount) Order 2002 (S.I. 2002/702)](https://www.legislation.gov.uk/uksi/2002/702), [art. 2](https://www.legislation.gov.uk/uksi/2002/702/article/2)
[^key-e76b49e163a85e50c828c78c2544885a]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93B(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/93B/2) (as inserted (with effect in accordance with Sch. 11 paras. 7, 18 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 77(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/1) (with [s. 77(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/2)))
[^key-cd8f464cd2174ea2ee086d7d037c68e8]: Ss. 127-130 applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 93B(3)(a) (as inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), s. 77(1) (with s. 77(2)))
[^key-0431b5c15b5e9dd486f41e4a2d1f6bc5]: Ss. 135, 136 excluded by Income and Corporation Taxes Act 1988 (c. 1), s. 757 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^key-75b4cfc67de37815f0d3e9af02a3c9bc]: S. 136 applied by Income and Corporation Taxes Act 1988 (c. 1), s. 842 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^key-39ee625ee82c326d41b454a0baacc489]: S. 257 applied (with modifications) (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/b)
[^key-cc714e31f86e2d437b0c4671436304a9]: Act applied (with modifications) (with effect in accordance with s. 58(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/10)
[^key-f5af7a8641a7d09756de892291f27451]: S. 38(1)(c) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(5D)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/5D) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/3))
[^key-92f1235aec000508398d0be1deb842da]: Act applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(10A)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/10A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/6))
[^key-d2c9a0a6f7cecfd0faa728d0a5254068]: S. 170 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/6)
[^key-4dc7421b3f758d3037a9eee78356f17f]: S. 161 applied (with modifications) (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 45(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/45/2)
[^key-25480a887b229cf41079cbfc7dcc3c51]: Act applied (with effect in accordance with s. 83(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 48(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/48/9)
[^key-cd31f620eb723847e7c937545064569a]: S. 136 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/84/1)
[^key-02db92d87ef28ef808cdedbdb1369e0b]: S. 152 modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132)
[^key-1b030ad294a9ee71c6de6ec6eb13ccff]: S. 155 restricted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/5)
[^key-24077e04eb319da45b4f904217d9ca1b]: S. 2(6)-(8) inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/11/paragraph/2/4)
[^key-e4ff1f25259e45edfc99156cce0a0113]: Words in s. 13(5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-2cc28fe9215e71cba9895a78bc5042e3]: S. 40(4) added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/60/2)
[^key-c0cd7da9fd8953868b7e08c6b53c9b45]: Words in s. 62(7) substituted (with application in accordance with s. 52(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 52(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/52/1)
[^key-8940d402f18f73181a4d2d3d4b0716ef]: S. 86(4A) repealed (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/4)
[^key-7a62030f5a377b83031148073b42594d]: Words in s. 117(A1) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-210d2d7c84e6d8d4063f185d7cb68554]: Ss. 117A, 117B repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-ee25ac82a0dfacf2f73ea489d60444fe]: S. 135 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/1)
[^key-160cc913f3fcb8eb01b51d23d73ae0b4]: S. 136 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/2)
[^key-5d42dfb3da7a9bae76e60562ac245a54]: Words in s. 137(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/a)
[^key-08d399bec88a5a40d4b9338f5589daaa]: Words in s. 137(6) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/b)
[^key-ceedb53a1b8d8fab6f4f582986976c19]: Words in s. 138(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/6)
[^key-2c0948d82181d51c23d8fcf0b8b4b80e]: S. 139(9) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/7)
[^key-783168562bbfe72cda72fc4829e9710e]: Words in s. 139(1)(a) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-4fb6f2e22e9ef0b747521c2ed85ae28e]: Words in s. 139(5) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a9c57a27a11aa6f0b03cb6150f46f479]: Words in s. 139 heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-15937c49ed846839590ee01ef690be89]: Words in s. 135 cross-heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a82922811f6adffb9b268901d6a7e054]: Words in s. 147(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/a)
[^key-30dbf8d02c019683751d0229b5c10e38]: Words in s. 147(2) inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/b)
[^key-557378177e7b2919a4cb9f1a8d72a5c8]: S. 151B(8)(c) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/9)
[^key-a9602fe993018e2520c0217f3b65d458]: Words in s. 161(3A) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-0e1ace38c1b3732d7680157aecc69d0c]: Words in s. 171(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/10)
[^key-38da6a7df083d184e3c5aee6370f82b0]: Word in s. 179(4) substituted (with effect in accordance with s. 44(3)(5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/2)
[^key-ac4d3e5079ddf5e08f09f05a21c61bfe]: Words in s. 241(3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/2)
[^key-8625ef42e2f480646c99126f82f4eecc]: S. 241(3A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/3)
[^key-eadfcb86e9057fd6b52235ff95ad0bd0]: Words in s. 241(4) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/4)
[^key-ec9ab21cdf114307cf7224336739696b]: Words in s. 251(2) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/a)
[^key-2e314370e864a078241595831920ec9b]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/i)
[^key-4ba663c8dd934811c86989f8b45c5d44]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/ii)
[^key-d47f72925d6fb2e061fefc4f0d7c1123]: Words in s. 251(6)(b) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/c)
[^key-7965bbcdf40e392744a9e57d383015d2]: Words in s. 288(1) inserted (with effect in accordance with s. 103(6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/3)
[^key-901449d6123a3a7dedb937de4feb12fb]: Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3)
[^key-39c6fea00fb9c0d687377d75ea84525d]: Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1)
[^key-8fd0a71e4f4e94f156352db4bf9c4657]: Sch. 7AD inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/2), [Sch. 31](https://www.legislation.gov.uk/ukpga/2002/23/schedule/31)
[^key-387b5e61a4dd333cbabbc2d90f09c7b6]: Ss. 105A, 105B inserted (with effect in accordance with s. 50(2)-(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 50(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/50/1)
[^key-a6fcc18d9a3ea87b0bce65e4a1f139d4]: S. 192A and cross-heading inserted (with application in accordance with s. 44(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/44/1)
[^key-89e5fa656ea5b9c8e7be5df203334789]: S. 162A inserted (with application in accordance with s. 49(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/49/1)
[^key-c4eabc009f23f14148c80483699a5e7b]: S. 211A inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/1)
[^M_C_40f54108-3130-4fd8-d62c-7ea76ad8480a]: Act applied (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 130(3)-(5)(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/130/3), [131(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/131/5)
[^M_C_4706c006-7b55-4fb2-d11f-99f9c51f4987]: S. 153 modified (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/2/3)
[^key-6ba9e1ca320836df0b0dc69957025a14]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/4/1) (with [regs. 6](https://www.legislation.gov.uk/uksi/2002/1970/regulation/6), [8](https://www.legislation.gov.uk/uksi/2002/1970/regulation/8))
[^key-e81709789d439da341c6e7ff690dffb6]: S. 116(10)(a) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/9/4/a)
[^key-d1a12cd45edb7a873b965698b921af35]: Act applied (with modifications) (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 3-8](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (with [regs. 20-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)) (as amended (8.8.1997) by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1715/regulation/1), [3-5](https://www.legislation.gov.uk/uksi/1997/1715/regulation/3); (1.10.2002) [S.I. 2002/1973](https://www.legislation.gov.uk/uksi/2002/1973), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2002/1973/regulation/1/2), [2](https://www.legislation.gov.uk/uksi/2002/1973/regulation/2))
[^key-cdf03635d31ed06c1adc9bae7bdcff61]: Sch. 7AC para. 17 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 50A](https://www.legislation.gov.uk/uksi/1997/473/regulation/50A) (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/23/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2003/23/regulation/9))
[^key-b962009c6ecb69de37ef17a106f992a4]: Sch. 7AD para. 10 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), reg. 50B (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), regs. 1(1), 9)
[^key-5cf693cc4bfe4678168deb8a07996460]: S. 3(2) sum amended (for the year 2003-04) by [The Capital Gains Tax (Annual Exempt Amount) Order 2003 (S.I. 2003/842)](https://www.legislation.gov.uk/uksi/2003/842), [art. 2](https://www.legislation.gov.uk/uksi/2003/842/article/2)
[^key-50ae57ecc6ecb658d4d5750927018241]: S. 127 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 462(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/462/2), [723](https://www.legislation.gov.uk/ukpga/2003/1/section/723) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-7b26f0dee25f1f5a40f60534a7e7d5d4]: Ss. 127-130 excluded (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/88) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-db5dba6640993c156a369f28aba20cb7]: S. 120(1)-(1B) substituted for s. 120(1) (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-57029a2f948110ef92c0215bbfe1f117]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-3e2ed47d355d7ba79eff32c3f4c3246c]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0160a5e417aa300901b3f8e2391bf004]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40c39ce27da23b4710080d49f0ce91de]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0a20d377f232377f6983a1767e591ba1]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6656e72a15b058753d9510cbaf6e607]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-671749eac4ecaa5178116f146f8e03f7]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6eabad5ec5475cb4d5a434c04306adfd]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-2b3878fd0d36db8f985655137f3b9eac]: S. 120(6) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6a8d7e453bc4885c90f9d96a0f99b7a4]: S. 120(7) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(8)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/8) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ff29ad68669c3781715e194b25505e2e]: S. 120(7A) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(9)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/9) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f5168845a225c7622bb5cfa42be88bba]: Words in s. 120(8) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ba907acfe1c87b825debde4aa2e4ecf2]: Words in s. 149B(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6009d18aa000012c5e45c3b8c1f3be4d]: Words in s. 149B(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-bf8b95b2001b67db4197678a3444ebff]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40b5ab03f1e07bf89d97da4033b65132]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4be73c9f9a0908d42ff9fd9535b5c966]: S. 149C inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 212](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/212) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8c1a0338f772720ca519879fbd7ad84d]: Words in s. 222(8D)(b) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 213](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/213) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-18b6859b5ae9b97b8c90ea48341a9895]: Words in s. 236A substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-842b875d227bbf33cf1b2c606461b1ad]: Words in s. 236A cross-heading substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8d49e2acc095020bcabec29d93debf6a]: Words in s. 238(2)(a) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 215](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/215) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-d070df742694a5b288f4493209b27b35]: S. 238A inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 216](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/216) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-135d87a683b4be3a0f15730d68bf0d5b]: S. 263ZA inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 217](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/217) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ad60b8e43028b82215a842c7fb709cf1]: S. 271(1)(c) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 218](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/218) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-dae33be935f17c8e2a45e6965ac7de46]: Words in s. 288(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-c7602cb2301bbdd5bd62b552bb3c9b2d]: Words in s. 288(1) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4416e6edea6a9ae7d03c219e3a127deb]: Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ef7bcf58594695dc8de91c7c9736ebb1]: Words in Sch. 7C para. 2(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-510ee43206fb68f4ca7c012760b63a73]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-cc3ff7650cce19a91be227afd23d8089]: Word in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-a7c453f16449189a376f4df5ead8ac8a]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/iii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-80939251133e89f592dfcc5b102a855d]: Words in Sch. 7C para. 2(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6872f385089528a4af8c79e5b329e0f]: Sch. 7D inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 221](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/221) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ea38ffda46c5556d9799c98124362698]: Sch. 10 para. 14(9)-(12) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-980f1b9474718c9d8437dd664d00b518]: Sch. 10 para. 16(3)-(5) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-13ef0646681e9edb73a87af95105b276]: Sch. 7D Pt. 1 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ae77864865bcf89d972cc196de1da8ec]: S. 25(2)(3)(5) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-8c5a31630b1819e2ac25a612ea205102]: S. 80(4)(a)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-4036624bea22c9a9d3c7f493d07fcda2]: S. 80(7)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-901a9e752c57fc4ff13a88aed7b51a6f]: S. 199(2)(4) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-0f31930fce682615b884ce6b6fa9bd09]: S. 276(7) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-2dd636877e483cf6c39ab231e533ecfa]: S. 3(6) repealed (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/2), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-fc13395dd9770fb7ab9192d024316b92]: Words in s. 3(7) substituted (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/3)
[^key-dd832ebe106133faf8b5179023fea6c2]: S. 3A inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/1)
[^key-61ded793559399087edab9acb44f402b]: S. 10(3) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/a), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-b2bdc1a0dea008d5cfe42940e7fe672f]: Words in s. 10(4) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/b), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-31d2e3cfd8cf3ed62d51b2ff2cecf009]: Word in s. 13(5)(d) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-54f6fcb81eebeebbbc6652f24714f25c]: Word in s. 25(7)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-57f8c4330f6ecdec1f6b2cd2e6030ee8]: S. 10B inserted (with effect in accordance with s. 149(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/4)
[^key-822f44d04b63ce2db7a25bc1b3727317]: Words in s. 38(2) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/5)
[^key-e3548879b99379debb2c70e1f0832cb3]: S. 85A substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 163(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-ece6416ba5ec7e0c0cdc15b985c8a3b3]: S. 120(9) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 51](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/51)
[^key-bab1cbb282fec102852beda14ef03bc5]: S. 119A inserted (with effect in accordance with Sch. 22 para. 50(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 50(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/50/1)
[^key-932763e2467d5d6f333e428b6818f6eb]: Word in s. 138A(2)(a) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/a)
[^key-35db4837acb78e3b1fe72f1f23764576]: S. 138A(2)(c) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-5ecc29a92e8eaaf3691b4e4033cd171d]: S. 138A(2A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/3)
[^key-e2583367034a12e0f60216e235167dfb]: Word in s. 138A(4)(c) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/a)
[^key-74bc1f20717db86841f18a4beda13d3b]: S. 138A(4)(e) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-8fca7632d776c7cb63bc4ce6b5999584]: Words in s. 138A(4) substituted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(c)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/c)
[^key-f97f33d2afbac9b5f0b0398949e300b2]: S. 138A(4A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/5)
[^key-dac9200349e48e522337be72d3eae51d]: Word in s. 139(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-576fe1ba900e19453c8830f1dd313253]: Words in s. 140(1) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-1d9861395679f45f186fc2559475f893]: Word in s. 140A(2) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-28e78a2374c22132025dc07bc79b0bea]: Words in s. 140C(1)(a) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-54169eacbc836476e73e59fb7a11e3cb]: S. 149B(5)(6) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 53](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/53)
[^key-f864b9b1fe43430835bb549abb49ce77]: S. 149AA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 52(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/52/1)
[^key-8a8b4103533314f07d734e946cd63a1c]: Word in s. 159(4)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-5e451c679431bc6aa00d18df98d68c4a]: Word in s. 171(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-dcd8673f881197584f2ae03ad4640008]: Words in s. 173(3)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-0bd6778d9f1ecf9c247095674e0f4e8b]: Words in s. 175(1A)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-68c10bd0ee425c18a5c494dcd520449e]: Word in s. 175(2AA) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-0c99ef42578557bdfad057bfec807e06]: Words in s. 185(4) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-c87f0243b262d832fa135a498f89fab8]: Word in s. 190(2)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-87a7140aabdb5be62bde8209232c83da]: Word in s. 190(3)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-c9a97be4e642aababf8748839fed23bb]: Word in s. 199(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-9b72754a97d51168d259355079b39aa4]: S. 210 substituted (with effect in accordance with s. 157(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 157(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/157/1)
[^key-c6764ad2d0457d5ba743b28798e76aa1]: S. 211(1A) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-28056ea40ba487d517dad1eeed295104]: Words in s. 213(3) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/a)
[^key-58de0964f2cac07a90cdc95fcdc4fac3]: Words in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-ea7c7c82c752ea97ed8725fb94c709cc]: Word in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-6b61555356a3f7257e640d2de52471ec]: Words in s. 213(3)(c) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/c)
[^key-5385a2899bd21d070e744b26fc9737a7]: Words in s. 213(3)(ca) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(d)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/d)
[^key-3a3fcb5b6f2ee20053829536917b479b]: S. 213(3A) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e12ae8862f1f1ddc5e3c25af14971e13]: S. 213(3B) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e4110619fb7a7a82fd0cdb34c8658ede]: S. 213(4A)(5) substituted for s. 213(5) (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/4)
[^key-989ee3fbb5839ee27bf68617042872b4]: S. 213(8A)-(8I) inserted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/5)
[^key-524a8efc7c4976487971177ede893ed7]: Words in s. 213(5A) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-9926c8b787beb0d47ca037716cb4267a]: Word in s. 228(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-e3acbaa7e34ae60d1dbcae11000a144b]: S. 288(1A) inserted (with effect in accordance with Sch. 22 para. 54(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/54/1)
[^key-5a4b4d91c82cf302de8b431833068272]: Words in Sch. 1 heading inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/1)
[^key-e25068e5ab02e64e673f99364f9a6adf]: Sch. 1 para. 1(5A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/2)
[^key-1153f62323816faed5bb4bd4ab1374b1]: Words in Sch. 1 para. 1(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/a)
[^key-ec450e161239ef81d68078e84fdb1640]: Words in Sch. 1 para. 1(3) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/a)
[^key-0f64f6bec7110a74b473750b52fffb4d]: Sch. 1 para. 2(6A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/3)
[^key-fd03cc959dc623daab9ce5207fc403fe]: Words in Sch. 1 para. 2(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/2)
[^key-131156ef4d47b3bee435c5df2466422c]: Words in Sch. 1 para. 2(2) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/b)
[^key-61c42c681b65a50413ffbec3a3e1458b]: Sch. 1 para. 2(3) repealed (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/5), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-25ba63cc7aea133ab056990e37844068]: Words in Sch. 4C para. 10(1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-a2356edd917706063b4f64a695b0941d]: Sch. 4C para. 13A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/4) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-c45b7a40aaf6886a970eae9d1674a260]: Sch. 4C para. 12A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-63c67a223b9d662190d9ba11fe39e275]: Sch. 4C paras. 8, 8A-8C, 9 and cross-headings substituted for Sch. 4C paras. 8, 9 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-e16035ac98e0c4fbbe1bcba5f6302a60]: Sch. 4C paras. 7A, 7B and cross-headings inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/3) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-7cbe9054f1eb781fadd4125a00a2a989]: Sch. 4C para. 1 and cross-heading substituted for Sch. 4C paras. 1, 2 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-0109d6172370940de20a623008aee19f]: Words in Sch. 7AD para. 10(1) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-c6ff3122034b179d60ce5de77535a069]: S. 144ZA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 158(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/1) (with [s. 158(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/2))
[^key-5a9451e6f1f141be526fc4af929e24ff]: Ss. 279A-279D inserted (with effect in accordance with s. 162(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 162(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/162/1)
[^key-d5674cfa191dae64e41a647dc0cf7414]: S. 210A inserted (with effect in accordance with Sch. 33 para. 14(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/14/1)
[^key-0b226ac7db1f29eac80f01aa5cf850ec]: S. 210B inserted (with effect in accordance with Sch. 33 para. 15(2)(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 15(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/15/1)
[^key-fb2a656b2164b57927129ac71131d0d5]: S. 211ZA inserted (with effect in accordance with Sch. 33 para. 21(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 21(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/21/1)
[^key-ce558e635b803e5b07323c27c2ca55ac]: Sch. 10 para. 7 repealed (25.7.2003 for specified purposes, 29.12.2003 in so far as not already in force) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1) Note 1 (with [Sch. 18](https://www.legislation.gov.uk/ukpga/2003/21/schedule/18)); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3](https://www.legislation.gov.uk/uksi/2003/1900/article/3)) (as amended by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), art. 1(3)); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^key-599dd914c49cfcb7983c1f95fe70f4d7]: S. 3 excluded (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/2/b)
[^key-92382b2694f4854d42cfa48be3f2cdd6]: S. 283(2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/3)[(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/6)
[^key-525c0f816a71b523ce4bf9a5712b100a]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/2)[(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/10)
[^key-44f5af9566db25e7c697933d1c4088b9]: S. 8(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/3)
[^key-08b4a597b8622f211aebd01f4d6cd041]: S. 37(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/a)
[^key-ce208a2c9cec0498726b45259f53c832]: S. 39(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/b)
[^key-295060c298c1a6eb2c56d3497b761b43]: S. 272 applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-067e7c6966779cc5c5d80a2d042411cc]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 23 para. 10(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/23/paragraph/10/4)
[^key-b6e48f12aa3c271cfa5f924330ac4384]: Act construed as one with [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A para. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/5/3) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^key-d43032c1e623e9480dd6cce4a9de4eb5]: Act modified by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) (as inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)))
[^key-5025d143d72aee63e94dfd5f9668f4cc]: Act modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/5) (with [s. 283(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/5), [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-f7c964fb962ba8987405a78c4a0af6c8]: Words in s. 99(2) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/a)
[^key-99c9ab6e0c68909ede7b3038ff4edb4e]: S. 99(2)(aa)(b) substituted for s. 99(2)(b) (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/b)
[^key-c8561e741ed2918b0c06771dd3ef206d]: S. 99A inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/3)
[^key-64a996dc6ce27b2ae8ca596915e55760]: S. 151A(3) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/4), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-6e3d1c3cccf51e0a2daef61136c13bd8]: Sch. 5C repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/5), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a1967a586fd0d0a0af3b3a7bda2b3f5b]: Words in s. 165(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/2)
[^key-e0d35904ea17c5ee6599d60b834ca36f]: S. 165(3)(ba) inserted (with effect in accordance with Sch. 21 para. 10(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/3)
[^key-efda674734412c9233d46d47cd9078f7]: Words in s. 165(10) substituted (with effect in accordance with Sch. 21 para. 10(7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/5)
[^key-b3830c67fd8626551729ce623c3abf60]: Words in s. 222(5)(a) substituted (with effect in accordance with Sch. 22 para. 7(1) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 1(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/1/2)
[^key-0aa8a908ce319d78c2bc3bf47b3937b3]: Words in s. 223(4)(a) repealed (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/2/2), [Sch. 42 Pt. 2(15)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/15)
[^key-df90cd957fc4f2864ce72396b8623f49]: S. 223(8) inserted (with effect in accordance with Sch. 22 paras. 7(3)(4), 8 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 2(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/2/3)
[^key-19e2d3e248af9238eeebd41ab7b1892f]: Words in s. 224(1) substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/3/2)
[^key-a19a8fc28097c856e9a278ef55765feb]: Words in s. 225 substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/2/a)
[^key-fa2068ee6f6ab6287ae0cfea03c95f23]: Words in s. 225 substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/2/b)
[^key-3ef39d1c3e08c5590023ae56086ffbb5]: Words in s. 225(a) substituted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/3)
[^key-67e8819eff6e632f730976d6b1793d0f]: Words in s. 225(b) substituted (with effect in accordance with Sch. 22 para. 7(1)(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/4/a)
[^key-95c8d219c917804ce1fde70ad2b05cbe]: Words in s. 225(b) substituted (with effect in accordance with Sch. 22 para. 7(1)(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/4/b)
[^key-c58fb3ff6067888701d01eacd228b490]: Words in s. 225 inserted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 4(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/4/5)
[^key-13b8728522c6fa42d8ed0e6962ee141f]: S. 225A inserted (with effect in accordance with Sch. 22 para. 7(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/5)
[^key-ea1f146812f30fa1026da94cc76dcfa6]: Ss. 226A, 226B inserted (with effect in accordance with Sch. 22 paras. 7(3)(4), 8 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 22 para. 6](https://www.legislation.gov.uk/ukpga/2004/12/schedule/22/paragraph/6)
[^key-81db889b9b7af3cf0952aa4a388ce715]: Words in s. 260(1) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/2)
[^key-92682d9c96aaf1169934ede2fd68e648]: S. 260(6A) repealed (with effect in accordance with Sch. 21 para. 10(8) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/3), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-67e50a49515e5e980224e9d8f9dfce04]: S. 260(6B) repealed (with effect in accordance with Sch. 21 para. 10(8) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/4), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-526bd52443baa90d4ff9158e5566f129]: Words in s. 260(7) inserted (with effect in accordance with Sch. 21 para. 10(9) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 5(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/5/5)
[^key-3148f3feebbd52037e5cd2a6edb3d8d6]: Words in s. 281(2) substituted (with effect in accordance with Sch. 21 para. 10(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/6/2)
[^key-cd225793d21bd782ed3ca54407089b9e]: S. 281(8)(9) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/6/3)
[^key-d8d8c651c0db9eb101e5cae471504d47]: Words in s. 281(3)(c) repealed (with effect in accordance with Sch. 42 Pt. 2(14) Note 2 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/14)
[^key-39deaebf507fb3e4efac385edda8b467]: S. 282(5)(6) inserted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 7(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/7/2)
[^key-87d279d41c94b603bf4e4c93f7d4d0aa]: Words in s. 288(1) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/a)
[^key-3079e62c828dc7554a4938987ddf2f03]: Words in s. 288(8) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/b/i)
[^key-c42db841b00e2ddf8ab69053d9fb955a]: Words in s. 288(8) substituted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/4/b/ii)
[^key-1116730b8fcceed9949f839956907785]: Words in Sch. 5B para. 1(2)(a) repealed (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/a), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-e4e087358830c93fa4b235d052998a2b]: Sch. 5B para. 1(2)(aza) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/b)
[^key-391aa08a8fdab96b0a99458df8feaeaf]: Words in Sch. 5B para. 1(2)(c) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/c)
[^key-75b76d82f5b3239cc136df18a2545abf]: Words in Sch. 5B para. 1(2)(e) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/d)
[^key-6da6d5ae82b8e34fd6f3c0cb0c4a72e6]: Words in Sch. 5B para. 1(2)(f) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(1)(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/1/e)
[^key-8c028c89d1875001130ba0feaa0ca418]: Sch. 5B para. 1(5) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 13(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/13/2)
[^key-53b5615e6aeb5e93fb49206a8887dcc3]: Words in Sch. 5B para. 1A(1) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/a)
[^key-b99611bbbc75a5b07275b10e3b058553]: Words in Sch. 5B para. 1A(2) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/b)
[^key-ec8494027392bb4a88b4780ead5184ed]: Words in Sch. 5B para. 1A(3) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/c)
[^key-4e2ede21967458b2acfef7694a6ca4e4]: Words in Sch. 5B para. 1A(4) substituted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(d)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/d)
[^key-387d0e1e35fdbb7fb492e9a78a4f6134]: Words in Sch. 5B para. 1A(5)(b) inserted (with effect in accordance with Sch. 18 para. 21 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 14(e)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/14/e)
[^key-dbe58a6d5792854b16ce4d41d50f7114]: Words in Sch. 5B para. 2(4) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/6/2), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-f0b62a1dfc87aba0354437386649cc9d]: Word in Sch. 5B para. 10(1) substituted (with effect in accordance with Sch. 18 para. 15(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/15/1/a)
[^key-0cb67c9741fc809dabcb58d7d95ed341]: Sch. 5B para. 10(4) inserted (with effect in accordance with Sch. 18 para. 15(2)(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/15/1/b)
[^key-c797e600669557c8c0e078e85863d5ec]: Words in Sch. 5B para. 13(2)(b)(i) substituted (with effect in accordance with Sch. 18 para. 16(2)(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 16(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/16/1)
[^key-6482112a003ece3d6e7fc4c7d9c5c4ec]: Words in Sch. 5B para. 14(7) substituted (with effect in accordance with Sch. 18 para. 17(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 17(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/17/1)
[^key-202faf58b5bcbd3016002841d1ae557b]: Sch. 5B para. 14A(6)(a) repealed (with effect in accordance with Sch. 18 para. 18(2) to the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 18(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/18/1), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a9770808a934f040075d98b7a329945d]: Words in Sch. 5B para. 16(6) substituted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/a)
[^key-54f071ba84dfc1fa83a5327547b6dcf9]: Words in Sch. 5B para. 16(7)(a) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/i)
[^key-52dbfaba12200ceef7a229d32b7e144a]: Sch. 5B para. 16(7)(aa) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/ii)
[^key-0cd3455a46a89ba906485c929546d183]: Word in Sch. 5B para. 16(7)(c) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/iii)
[^key-42bb0e61a2df6859ee3c8205b26d3ff5]: Words in Sch. 5B para. 16(7) substituted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(b)(iv)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/b/iv)
[^key-e6517fa95649d233550af96d8628da1d]: Sch. 5B para. 16(7A) inserted (with effect in accordance with Sch. 18 para. 19(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 19(1)(c)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/19/1/c)
[^key-6382c054e8fc0ca4a42c34101cb872f6]: Words in Sch. 5B para. 19(1) inserted (with effect in accordance with Sch. 18 para. 20(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 20(1)(a)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/20/1/a)
[^key-30d6f60427f75604ec9eeb5174b386c2]: Words in Sch. 5B para. 19(1) inserted (with effect in accordance with Sch. 18 para. 20(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 18 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/18/paragraph/20/1/b)
[^key-75767dfd6bc9d007d569cccc0fd9aa6b]: Words in Sch. 7 para. 2(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 9(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/9/2)
[^key-52c0e46a6cff41d69e98382f262511cf]: Sch. 10 para. 14(46) repealed (with effect in accordance with s. 145(2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 2(18)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/18)
[^key-509d6d8ec331c00bb43c35c89a922373]: S. 170 applied (with modifications) (1.8.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 307(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/307/4), [319(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/319/2) (with [s. 314](https://www.legislation.gov.uk/ukpga/2004/12/section/314))
[^key-12acdb83b647a4959ce13cb949fbd6d5]: S. 119A(5) substituted (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/2) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-a57704fc86e97d242a4fd456db296c21]: S. 119A(8) repealed (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/3), [Sch. 42 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/10) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-bc5b8d3625cf52f95bc0f14906249ecb]: S. 100(1) modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2199/regulation/5)
[^key-d245461398d44cb74a29fe396184e1af]: S. 151A modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-26be231b8b9a62ecbf656f497ef42ecf]: S. 151B modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-5e5dddca1c84496d0f3ec914f39f2c23]: S. 171(2)(cc) excluded (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(2)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/2)
[^key-edd798ebc06ebc67373617f774b159b7]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [reg. 7](https://www.legislation.gov.uk/uksi/2004/2200/regulation/7)
[^key-3044050c997fd5eb9175b95129037552]: S. 37(4) repealed (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 (S.I. 2004/2310)](https://www.legislation.gov.uk/uksi/2004/2310), [art. 1(2)](https://www.legislation.gov.uk/uksi/2004/2310/article/1/2), [Sch. para. 48(2)](https://www.legislation.gov.uk/uksi/2004/2310/schedule/paragraph/48/2)
[^key-a4f9dde5617633a2bd51391b7dae328a]: S. 38(1)(a)(b) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/4/2) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-529ebbdf869391f68aa849367199feff]: S. 179 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 5](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/5), [19](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/19) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-0f39dc0b3c88d267660b5d10950d507f]: Ss. 170-181 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 35(a)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/35/a) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^M_C_522024b7-6d9c-4cd7-b4c6-d244d6208f0a]: Act modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 6](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/6), [20](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/20), [28](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/28), [32](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/32) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-86a253ed285558ac590be6a0768ea6b6]: S. 271(1)(a)(i)(ia) substituted for s. 271(1)(a)(i) (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-5b3e92c93edf76b358dab0ac48ce3544]: Words in s. 271(1)(a)(ii) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-b57d2798727e7d26cb27608aa3434c13]: Words in s. 288(1) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(3)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/3) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-9a6fea55112edf10076898907dabfd43]: S. 3(2) sum amended (for the year 2005-06) by [The Capital Gains Tax (Annual Exempt Amount) Order 2005 (S.I. 2005/721)](https://www.legislation.gov.uk/uksi/2005/721), [art. 2](https://www.legislation.gov.uk/uksi/2005/721/article/2)
[^key-fcd2b3a02bb3d3969efa1d11d26e851e]: Words in s. 155 inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Single Payment Scheme) Order 2005 (S.I. 2005/409)](https://www.legislation.gov.uk/uksi/2005/409), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2005/409/article/1/1), [2](https://www.legislation.gov.uk/uksi/2005/409/article/2)
[^key-e5d3a9bb68669551e3c9c2e64f651241]: S. 143(5)(6) applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2442d9310cb62d569e7380e03ef63a95]: S. 144 applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b1895d4f3cb9c833affccd4e4cba7f0e]: S. 144A applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-eabed56e6ae6444a15260b7e5616ee8b]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-841a4ffb78e6551cfe2feb4e60625fe2]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-8ff4773e340ccbaa02ce74db1d2ab1e3]: S. 59(1) renumbered (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6c2dc8d310b30605ba524d97bf871cee]: S. 59(2)(3) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-621c9572b8f9bddcf34d8189bd78b6db]: S. 59(4) inserted (retrospective to 6.4.2005) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/2)[(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/4)
[^key-e2b2c1440600f95aac686de5300dd607]: Words in s. 117(2AA) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-0bb2c6875129ef7c869f075d269803d1]: Words in s. 117(6C) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7e3957c2a3313e0abecfe7df4109a563]: Words in s. 142(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-08cd2cac452caf067b175f7bb77709f8]: Words in s. 142(3) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-5ef5d4c18fb64fbb7084ffc91ac978b4]: S. 151(2) substituted for s. 151(2)(2A) (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 436](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/436) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-a843cbbdfee6e24fb1f5bef1832d38d8]: Words in s. 151A(6) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 437](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/437) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b61df16b8720e76efac2a95369f08b50]: S. 151C inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 438](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/438) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-cffd7ee1b58e7fd0ce9721b1fee5c5f2]: Words in s. 156(4) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 439](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/439) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-bb3fd2855942ab67590c10510598bc46]: S. 241(2) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 441(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/441/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-808cfba0dd8548dcf28b8acc6f6c4037]: Words in s. 241(3)(a) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 441(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/441/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b577061619ea33e2878d9ae5d2ea74fb]: Words in s. 251(8)(b) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 442](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/442) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-4fb8339cce4fc47d6c729381b2117e1b]: Words in s. 271(1)(f) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-48e893e54468a6e4199824249929143e]: Word in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2dc6ff1e2397e66e1fa058cef6a158d5]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-860b90e474130cb47c53e22e811f6c16]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(c)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-a36cd54353204b708e839f07095b8d42]: Words in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-20e99121813a5b563bf912e73430b576]: Word in s. 271(4) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(e)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6293ddc09a4d74de16bc3cdf7f14a6b8]: Words in s. 271(4) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 445(3)(f)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/445/3/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-14a58f2756ba02d98d41c78a17e523ef]: S. 261A and cross-heading inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 444](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/444) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2e9ae55f452a3d962281d9ff93dbea8c]: Words in s. 288(1) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 447(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/447/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-e3304a8f076b1a91054a426dd36debfb]: S. 288(7A) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 447(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/447/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-d4dff946ca0cc967da8eece40731e02f]: Words in Sch. 5B para. 13(7)(b)(i) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 450(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/450/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-fbd1316cacb3bd192eaa67221b830ebd]: Words in Sch. 5B para. 13(7)(b)(ii) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 450(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/450/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-87d12f3978da978107100f9c0ae26f77]: Sch. 8 para. 5(5) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(2)(d)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6963c670bc9019a6aed0595e303ffb71]: Sch. 8 para. 6(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(3)(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-1424d5e564762397d3ceca5f4f6747c5]: Sch. 8 para. 7 substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(4)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b02e3d3e70a9c414becfda27d2d183e4]: Words in Sch. 8 para. 7A inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 451(5)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/451/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7347a3f329bd1189ec92a756dcec0954]: Sch. 10 para. 14(5) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-70107dfe3bd227c4989fbde5e9e6a25a]: Sch. 10 para. 14(16) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2b45dc621db6c351e8db944627b26d3b]: Sch. 10 para. 14(52) repealed (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 3](https://www.legislation.gov.uk/ukpga/2005/5/schedule/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-20f7094616467ebf6ffc8400c25485b1]: Pt. IV: power to modify conferred (7.4.2005) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 21(8)-(10)](https://www.legislation.gov.uk/ukpga/2005/7/section/21/8)
[^key-181aacd63ecf4fa6fda597dadf333160]: Act construed as one with [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), ss. 30-33, Sch. 1 by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), s. 41(3) (with s. 45)
[^key-2c3dfb9e68935862fa68a6de5e51ab3c]: Act modified (with effect in accordance with s. 56 of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 53](https://www.legislation.gov.uk/ukpga/2005/7/section/53)
[^key-91db185a81903b56812cf3ba2f5293a5]: Words in s. 119A(3) inserted (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/a)
[^key-d887e85ed58d005d4f471f0c6a8f51c0]: S. 119A(3)(ca) substituted for word following s. 119A(3)(c) (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/b)
[^key-2a99bd18f6cdbc9effe5c5054d2eaab2]: S. 119A(3)(e) and preceding word inserted (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(c)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/c)
[^key-53dcf9d9b2ad1d741947e4c7dcf9c17c]: Words in s. 119A(3) repealed (with effect in accordance with s. 22(4) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(2)(d)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/2/d), [Sch. 11 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2005/7/schedule/11/part/2/2)
[^key-381ad428114573e31146330b8aa4deb2]: S. 149AB inserted (with effect in accordance with s. 22(5) of the amending Act) by [Finance Act 2005 (c. 7)](https://www.legislation.gov.uk/ukpga/2005/7), [s. 22(3)](https://www.legislation.gov.uk/ukpga/2005/7/section/22/3)
[^M_C_726d18f0-c816-4358-f413-d4d3d9c17b94]: Act modified (E.W.S.) (8.6.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 paras. 5](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/5), [16](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/16); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1)
[^key-ffd1062f4016146b0f1420489fc18466]: S. 116 modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 91G(3)-(8) (as inserted (with effect in accordance with Sch. 7 para. 10(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), Sch. 7 para. 10(6))
[^key-f4accc215605765f315155f6b4e99928]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 91G(1)(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/91G/1/2) (as inserted (with effect in accordance with Sch. 7 para. 10(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 10(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/10/6))
[^key-a58ecde624da71d995ff3c2f21e555c2]: S. 48 renumbered as s. 48(1) (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/7/2)
[^key-81ff1942c9e87eecc6c15875c3228536]: S. 48(2)-(4) added (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 7(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/7/3)
[^key-a1796becb93c1250449326d69524ab57]: S. 105A(1)(b)(i)(ii) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/3/2)
[^key-5cca57ab5aa88acf3d0a826ae8931406]: Words in s. 116(8A) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/a)
[^key-49ca15cfa608caf229c7211e8db713a5]: Words in s. 116(8A) substituted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/b)
[^key-c5a1a919da8e74aba71426d317c10b30]: S. 116(8B) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/2)
[^key-2565707dbfb63459cefc2e730f8c99a8]: Word in s. 116(11) inserted (with effect in accordance with s. 64(5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 64(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/64/1)
[^key-4733dfd912cf7fd144b8abfdde89baa6]: Words in s. 140A(1)(b) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/3/a)
[^key-a43e89b6a20288598d282590d22991e4]: Words in s. 140C(1)(c) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(4)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/4/a)
[^key-5ab47b611e0816a0851cc18f3ae4fbd3]: Words in s. 144ZA(1) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/2)
[^key-64017824727c00fc93701b588c09f934]: Words in s. 144ZA(4) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/3)
[^key-d70ea01d770ffb20faf5a7c26c89a921]: S. 144ZA(4A) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/4)
[^key-d527ae5c5ed9958a55a2b8f83196c1a6]: S. 144ZA(5) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/5)
[^key-b7c0de1881827f5f517a0ea996a748b2]: Ss. 144ZB-144ZD inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/2)
[^key-ad7cada7cd3778f17effd8f211dd1a22]: S. 149A(1)(b) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/2)
[^key-0646e5b2b6a0e7fd33ed513711164cca]: Words in s. 149A(1)(c) inserted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/3)
[^key-823b40ec3f1ed54423cb5647627a1a9c]: S. 149A heading substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/4)
[^key-5cfea012226951a01cba80768c0d7401]: S. 170(10A) inserted (with effect in accordance with s. 62(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/62/1)
[^key-c035ee62a52f0193ea72ffeea707bfda]: Words in s. 265(3) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/3/2)
[^key-362c51805548887cd44d0b80df8842cc]: S. 275 renumbered as s. 275(1) (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/2)
[^key-c63ccce3c1e7ae2690f829249297d6ff]: Word in s. 275(1)(d) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/3)
[^key-2c63842a1ed9a66a136bd5e4cccd42ba]: S. 275(1)(da) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/4)
[^key-8039f6b7f284108923c32a45f2aaa694]: Words in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/a)
[^key-16eb3f64969ff057109eefac86e01107]: Word in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/b)
[^key-ca283f262447dc943c3ec22495e9af82]: S. 275(1)(h) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/6)
[^key-bd2b7f9c7a8572c730aeb81f041b9bc3]: S. 275(1)(j) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/7)
[^key-78b102eab09cbaa7883ac403b0582438]: S. 275(2)-(4) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/8)
[^key-4b6745ca38d624c1f9e4ec3176eb8032]: Ss. 275A, 275B inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/5)
[^key-c4b83573f9036874ac3fd5fd4a0c460e]: S. 275C inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/6)
[^key-60c8a8eea6ac548ef638ad7e087256fb]: Words in s. 288(1A) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/5/2)
[^key-d2361cee248d4ea86e45bc7800cf1036]: Words in Sch. 7A para. 1(6)(a) inserted (with effect in accordance with s. 65(6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 65(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/65/4)
[^key-0565aab54ce0e40600e05dac621f4ce4]: Words in Sch. 7AC para. 3(2)(c)(ii) substituted (with effect in accordance with Sch. 4 para. 10(4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/9/2)
[^key-1f0737df0491bb7a93c10a2aa4987077]: S. 83A inserted (with effect in accordance with s. 33(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/33/1)
[^key-dd7432083ee709cccc5bd862aaecaa49]: S. 99B inserted (with effect in accordance with s. 21(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 21(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/21/1)
[^key-52033632b5fba14d5e81f6ef779e5431]: S. 151D inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/8)
[^key-1544edc4772c7d1a7ac35459dd3cf291]: S. 17 restricted (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 25](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/25); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-6b04df41ccd957c46b3c6a60fbbfd334]: S. 179 modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 26](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/26); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-f683185a0139b72384d80c8e977298cc]: Act modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 27](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/27); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-955a3d40f92e35ed3f452578c70d0325]: S. 30 modified (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 31](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/31); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-01048abcc8a96dd22190ef9d4907f525]: S. 35(3)(d)(xvi) inserted (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 33](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/33); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-221460fe4023a300f30d282333e7a0ff]: S. 210B modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [35](https://www.legislation.gov.uk/uksi/2005/2014/regulation/35)
[^key-4f6a06ab8801d3d8d2b0ae6798cf6e89]: S. 211ZA modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [36](https://www.legislation.gov.uk/uksi/2005/2014/regulation/36)
[^key-0d8e9a39fd72e414b8c7e1292d600534]: S. 213(1A) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [38](https://www.legislation.gov.uk/uksi/2005/2014/regulation/38)
[^key-c0db2346a8d15d94b571cc6408902047]: Words in s. 3A(3)(b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [106](https://www.legislation.gov.uk/uksi/2005/3229/regulation/106)
[^key-ec8e4b99b8deb7f5b716fe7e9064e9a9]: Words in s. 58(1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/2)
[^key-428191e32d80a0f65132663b38caa99b]: Words in s. 58 heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/3)
[^key-f7c1d9731c082003f3fddb70b7d18343]: Words in s. 150(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [109](https://www.legislation.gov.uk/uksi/2005/3229/regulation/109)
[^key-07abee8dfbbcba1e433e68376797e46a]: Words in s. 162A(5)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [111](https://www.legislation.gov.uk/uksi/2005/3229/regulation/111)
[^key-65f57c27b1a5e4b6b456d55205319523]: Words in s. 168(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [112](https://www.legislation.gov.uk/uksi/2005/3229/regulation/112)
[^key-cec755c594e8119e9392da1924c42f5b]: Words in s. 169D(5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [113](https://www.legislation.gov.uk/uksi/2005/3229/regulation/113)
[^key-a236aa758666fc728b5f3f60eaa26445]: Words in s. 169F(2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/2)
[^key-8b67bc538a4f4078c4ebfa3dd9fb88f5]: Words in s. 169F(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/3)
[^key-66845e9c27111eebb9ce19513271c518]: Words in s. 169F(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/a)
[^key-b1490085234d15f9172d35a98012d11e]: Words in s. 169F(4)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/b)
[^key-94e86246888e4ca3c4caf359953d04db]: Words in s. 169F(4)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/c)
[^key-f82eb97136d72bd186e690e4e8c3f656]: S. 169F(5)(a) substituted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/5)
[^key-9c9c87738ba7d96b501b806aa220c37d]: S. 169F(5A) inserted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/6)
[^key-1587c768f6a4a53295065e040d18ed69]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/a)
[^key-d62f42b347d80e3a70f0d043afb3c59a]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/b)
[^key-a9e78c22abeb0b32c4c2716216816ce8]: Words in s. 210(6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/a)
[^key-357df856f8a127fd7ea9f96eda795a9a]: Words in s. 210(6)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/b)
[^key-138ee8d3cd9ee2d73a5d3b7201a8132b]: Words in s. 210(6)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/c)
[^key-ec40a104f74df7a110302daf284fcd0d]: Words in s. 222(6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/a)
[^key-44815168c27cc69eeaf8947a4accc2b7]: Words in s. 222(6)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/b)
[^key-655bd4e8ceefccba3253db69c100cd5e]: Words in s. 222(7) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/3)
[^key-8ffa75cbeab928df70f8553614bdfab6]: Words in s. 222(8A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/a)
[^key-64523066755880d8390fe6c4c2e45623]: Words in s. 222(8A)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/b)
[^key-bbb77e4db25cd3bcd200d7e138ed86a5]: Words in s. 222(8C) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/5)
[^key-4dbd8fac28da784c3ffd4805a87eece1]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/a)
[^key-2903e89cfc8119b34b46bcc657ee714f]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/b)
[^key-919390423d76bbd97f19b9247f756515]: Words in s. 230(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-009fe0c0e978a148d87b024b405a072a]: Words in s. 230(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-959fea1751bcd816292cd48a7db0f438]: Words in s. 230(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-30a892f47fbbffc87a8254c33e989c37]: Words in s. 230(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-bbea87f5951c56915a126d5b912fec89]: Words in s. 253(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/2)
[^key-5925cc6c7d2bd66ea039228cdfa523a4]: Words in s. 253(4)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/3)
[^key-284b8382b898117ca3c5a93c58abe8ce]: S. 253(14)(aa) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/4)
[^key-8c3519e2b772c580247e0d666db755c9]: Words in s. 286(2) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-28cc695da7fd4b14fed4e3ab7181e95e]: Words in s. 286(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-a8f2a27b56281f4a183390e6c4f8dc82]: Words in s. 288(1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/a)
[^key-90f8695bd96ed0efcd9c4c10fabf283c]: Words in s. 288(3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/b)
[^key-2bd2b3b10626b2209a0edce51ecda0db]: Words in Sch. 2 para. 22 cross-heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [124(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/124/b/ii)
[^key-2bec920e3ce0bf72e41fed8c745f861f]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/a)
[^key-7dcff352bd09ae40fa1b46a901c7ab8e]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/b)
[^key-ed6042b30bdbd55af88f3aaa8c6398ea]: Words in Sch. 5 para. 2(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/a)
[^key-0d16fd5cf65c7fd819665f706dbc4410]: Sch. 5 para. 2(4)(c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/b)
[^key-50408777cee3336d9a53cc371b40737d]: Sch. 5 para. 2(4A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/c)
[^key-9c7fb303505dfb3989e62b45e32c5d41]: Words in Sch. 5 para. 2A(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/3)
[^key-803578974764d3cd763d62e3c499fda3]: Words in Sch. 5 para. 4(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/4)
[^key-f1146dd58014c51c791014abadf93cae]: Words in Sch. 5 para. 9(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/a)
[^key-c5459273a902479e8a60320bc57f6237]: Words in Sch. 5 para. 9(10A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/i)
[^key-4648c94c5fcc9773d392a0540c46c72e]: Words in Sch. 5 para. 9(10A)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/ii)
[^key-f4fcada040ff863c2dc6446f8a6ff203]: Words in Sch. 5B para. 3 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-716a99c79f0d59390f657377a5928315]: Words in Sch. 5B para. 4 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-e763e5ac648191f734263f52938631f2]: Words in Sch. 5B para. 5 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-a96bbe599640140bb713de2b42651d1f]: Words in Sch. 5B para. 8 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-374ec9a2b512b162feb3523df171fbb7]: Words in Sch. 5B para. 12 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-772a3bac5b8e158c7d3c6a2dbbacb33b]: Words in Sch. 5B para. 16 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7459336c4b3a6cd5b89e6b0e13467d8]: Words in Sch. 5B para. 19 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7e65799284ea2ea840e7a1746403968]: Words in Sch. 7C para. 6(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-3ab23046aebdc8201f2467822661c20d]: Words in Sch. 7C para. 6(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-4a436d3d755011577990acc9ecb545d4]: Words in Sch. 7C para. 6(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-ec86535bbcce3df4ca7e4c61669971ae]: Words in Sch. 7C para. 6(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-faf449a6816614d9696c39c83c5097e7]: S. 72(1A)-(1C) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/2)
[^key-417d0a8c95c8c40267367eb47a439684]: S. 72(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/3)
[^key-374b6d870d574cc8cf376adf477ace11]: S. 73(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [31](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/31)
[^key-fb953b82f760f27d427d8afbdf3c3e34]: S. 260(2)(da)(db) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [32](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/32)
[^key-f7fbdfb68f458bc99624f88e07b947bf]: Words in s. 143(1) inserted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/a)
[^key-4846950048fc75975823dbc2a13f08ab]: Words in s. 143(1) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/b)
[^key-89a9e0edbbb9b1065a1e3e6e7be0e1f8]: Words in s. 161(3) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(3)](https://www.legislation.gov.uk/uksi/2006/959/article/3/3)
[^key-6355682a48faa93ad6416edd8c04cf29]: S. 116(10) excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0ba6b14032459260d0d129f24cc05c5b]: S. 127 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-5bfa3b39915446dd9b25912d333c50f9]: Words in s. 99B(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/89/2)
[^key-aa1261f5d601d56cbe306cd3ef641b29]: S. 170 modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [37(1)](https://www.legislation.gov.uk/uksi/2006/575/regulation/37/1)
[^key-53ef311418c362959545cebe189fac14]: Act applied (with modifications) by [Finance Act 2004 (c. 36)](https://www.legislation.gov.uk/ukpga/2004/36), [s. 185G](https://www.legislation.gov.uk/ukpga/2004/36/section/185G) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/6))
[^key-9e4612254eef7b6eff7104cded01cb12]: Words in s. 13(10B)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 39](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/39) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3ed2c5842b1c69be0c9507d14bf16968]: S. 239A and cross-heading substituted for ss. 239A, 239B (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 40](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/40) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-89f31eb80c39efcedcc1c32c0b57bc9b]: Words in s. 68 substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/3)
[^key-5403a8b7f0a178f4a62eb959e46906c3]: Ss. 68A, 68B inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/4)
[^key-86a6b24e4d8c6eac7e0ec38d70545762]: Words in s. 97(7) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/a)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-9360467c31650b3cf0dafff52ee525fd]: Words in s. 97(7) substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/b)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-8453eb195d57c51263fa5c820aca43f8]: S. 97(7A) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-16d0257e5bedcb524bf17c18703346c2]: Word in s. 98(2)(a) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/b)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-65a096b0da797f438eead6f8406bb7f2]: S. 98(2)(b) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/c)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-7920e5923a85db2450cb98c1dbb954a4]: S. 99A(4)(c) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b972799a9013a874dabf17da5c2b8d91]: Words in s. 104(1) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 17(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/2)
[^key-4404088eb89a673ecc5980d467183e55]: Words in s. 109(2)(a) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 18(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/2)
[^key-69414ef7db80f1710c7579bc45ff5f3d]: Words in s. 169D(5) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 19(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/2)
[^key-e55a845e04817c86beb671013f7468bc]: Words in s. 271(1)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/2), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-be5e644334c81e2fb0aed9c4e978db5e]: S. 271(1)(d) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-fec19b8dae2ae2e79edf25c50e921479]: S. 271(1)(g) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-18cb2e3682e4a2d9e9b648e371e72013]: S. 271(1)(h) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-5c7cf06067607028ab5cd5868c04f149]: S. 271(1)(j) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(d)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/d), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-19436f797984be10f31c837f61937936]: Words in s. 271(1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-ac873f0e61eff4e843e00502f0edf127]: S. 271(1A) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/4), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-9a780b0d3ab4b528cac8a4d478ffd5a9]: S. 271(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-30a172f528be5a9f32339aeb56bc4e13]: Words in s. 271(10) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-1bbc86bfe4279552282de80fb6e4c5fc]: Words in s. 271(12) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/7), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7cfcd71bd942ca9607c9e068e6496436]: S. 271(1B) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/1)
[^key-68f6bc9cbadfa0cbb3f6f752c1c83000]: S. 271(1)(ea) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/2)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-b53abf963ae98ed13782b6fb1c22ad58]: S. 271(1ZA)(1ZB) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/3)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-7a2d42d8ee3eb8b21a713340813f20c3]: Words in s. 286(3) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-5cf86ccf9d8af870e2a399adf5ed7136]: S. 286(3ZA) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3)
[^key-350c5f05259b3c3ac8497d3d61a69c33]: Words in s. 288(1) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 41](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/41) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7dcba2f7116ab70aa0307833b2a1774e]: Words in s. 288(8) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/2)
[^key-f55a597bd9c350a93e6a054659656065]: Words in Sch. 1 para. 2(7)(b)(ii) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-4a413e1136ea5847aa084c62f6b4eb2e]: Sch. 1 para. 2(8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/3), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3aea839001c2e470ffb63515637d6cbc]: Sch. 10 para. 14(21) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^M_C_b15eae36-8473-43ab-ceb5-4470e2cac3cc]: Act modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 37](https://www.legislation.gov.uk/uksi/1998/3177/regulation/37), [38](https://www.legislation.gov.uk/uksi/1998/3177/regulation/38)
[^M_C_62e41701-75aa-4af3-d561-fd44b25e89a6]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 11](https://www.legislation.gov.uk/uksi/2005/1907/regulation/11)
[^key-c917f26db2a58d6bd23e70a7823dce0b]: Act construed as one with [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 124-126](https://www.legislation.gov.uk/ukpga/2006/25/section/124) (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 127](https://www.legislation.gov.uk/ukpga/2006/25/section/127)
[^key-71cef109217a1b278f381e78a4bf6eaa]: Words in s. 13(10) substituted (with effect in accordance with Sch. 12 para. 8(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/8/1)
[^key-e73a94609856439293890221f121a1dd]: S. 21(1)(b) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/9)
[^key-a0c1e8ae1dfad44ccdc49199ca5d2048]: Word in s. 60(1) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/1)
[^key-d8eb37e2141892db776f9470cc47eba4]: Word in s. 60(2) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/2)
[^key-1132908d7495052779fddc06c9548223]: Words in s. 63(1) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-4f9fdb5b105790ac33254745996e255f]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/i), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-ee67858c9c9f8aca34463e7651399d04]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-1214cbaf90eb5f19e6bcb61de86b1e8e]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/iii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-aff3cd3dc4091bacb9390758370247ea]: S. 63A inserted (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/2)
[^key-0e1e9b3393e160e4a2b468c2faf9ea7c]: Words in s. 64(1) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/a)
[^key-282a785e2a2617a1bf15b3dcf24e5a19]: Words in s. 64(1)(a) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-041ea87792cac19f955e3c2045f43b7a]: Words in s. 64(1)(b) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-906fb38b6cb0486f680dc35141d33598]: S. 68C inserted (with effect in accordance with Sch. 12 para. 1(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)
[^key-a806ea81214f5c809c33c9666479f265]: S. 69A inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/1)
[^key-efd07206d3accf82170859efcb02fd67]: S. 69(1)-(2E) substituted for s. 69(1)(2) (with effect in accordance with Sch. 12 para. 2(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/2/1)
[^key-15d00ccee30fb18a0d3659311e92d879]: S. 73(1A) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 42](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/42)
[^key-694d13faaa9ee893815a23821711734f]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 12 para. 30(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph)
[^key-681b467391f5fdb0c4de55e7caf6dbd3]: Word in s. 79B(1) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 14(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/14/1)
[^key-17a0d4e1e547bee660a181601506656c]: Words in s. 83A(4)(b) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/paragraph/34/2/a)
[^key-99893e083305518bcfbf4c90bf64ebf4]: S. 83A(5) repealed (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/b), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-ea90c451b29a05e76c4e2604b3025c35]: Words in s. 86(3) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/c)
[^key-56a3855dc6f0462fec8e15f37c494a54]: Word in s. 105(2)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/i)
[^key-ec71b42daa3298a421338ce5ff3a3257]: Word in s. 105(2)(c) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/ii), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-c13e6a6e0768b3ca9f358a762e1a0df4]: S. 106 repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/1), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-11e6989c0fb9f3c9ee2002a1caaab86f]: S. 106A(5A) inserted (with effect in accordance with s. 74(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/2)
[^key-9f912480384964f06f004519fffb2f12]: Words in s. 108(8) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/c), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-d95f9ebec60979a6ca49aa61f3616726]: Words in s. 110(1)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/d)
[^key-ef3f17c7bdf953caf0c58bff3dcab83c]: Words in s. 169F(1) substituted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/a)
[^key-d602770ec315039fec001ee9cd781a77]: Words in s. 169F(2)(a) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/b)
[^key-977784ea48b4e468a0c1341517bf8094]: S. 169F(3A) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/c)
[^key-4489758b268a01e1c20dd00bae8bd535]: S. 169F(4A)(4B) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/d)
[^key-3d082decd0ac04ccab7468838e3052a1]: S. 171(2)(da) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 135](https://www.legislation.gov.uk/ukpga/2006/25/section/135)
[^key-c8556b2e1575a70364012adc1391cc83]: S. 177B repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-0864c10174eeebb6b12254b20e520c67]: Sch. 7AA repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-d6da08db6aa32de3a19f685f51352c38]: Ss. 184A-184F and cross-heading inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/2) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-b413227873daeb9f12c8ef42c76c09f1]: S. 204 substituted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/2)
[^key-1c8214414f5888f2fb4e1b5078c18c25]: S. 212(1)(c) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 137](https://www.legislation.gov.uk/ukpga/2006/25/section/137)
[^key-0683b0440d6987d42466d7e579cb0217]: Words in s. 213(8H) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/a) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-063edefe86c0014a6a9bdcf9a5160df8]: Words in s. 213(8I) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/b) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-8e7649ec012a2d219f10a4b377058bc3]: Words in s. 217(3)(a) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/i)
[^key-2f724fcbdd2122f3796434854ac3db00]: Word in s. 217(3)(a) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-76aca482cde5f1d6c8b56e79e36e6b9f]: S. 217(3)(b) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-fdbf68257fc748410ab8210269342901]: Word in s. 217(5) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/c)
[^key-f28f35a1d6abc8f4178aa718dd6df740]: Words in s. 227(2) substituted (with effect in accordance with Sch. 12 para. 21(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 21(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/21/1)
[^key-116b82679f46a86627f5930bad395e99]: Words in s. 228(5)(b) substituted (with effect in accordance with Sch. 12 para. 22(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/1)
[^key-39660ffad9aa3bd3111ddab68fbac7ba]: Words in s. 228(7) substituted (with effect in accordance with Sch. 12 para. 22(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/2)
[^key-588bc08c228a070f5fc2491a5afa39a4]: Word in s. 237(a) inserted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/a)
[^key-a9c9b69b60c3a75b51ec8056c5e88e85]: S. 237(b) repealed (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/b), [Sch. 26 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/10)
[^key-2e17196bd39b2a112ce6cff9f2886f8e]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/a)
[^key-222857dac8dfe176ca002e63711295c0]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/b)
[^key-c6b55578957975f047ac977335f8e52a]: Words in s. 272(6) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/6/2)
[^key-68634e95f06c391ccd4a2a186d86bd29]: S. 25A inserted (with effect in accordance with Sch. 9 para. 4(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/4/1)
[^key-05013d8802ee37d9bdb84b5858ef28fa]: S. 41A inserted (with effect in accordance with Sch. 9 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/5/1)
[^key-204aae2154ecbfbcf23cc8cb713e4dc0]: Words in s. 283(4) substituted (with effect in accordance with Sch. 12 para. 24(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/a)
[^key-116e0f47dedefd467fba0e34706bb6c1]: Words in s. 283(4) repealed (with effect in accordance with Sch. 12 para. 24(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-3e5e259c00c81869699db145c24c57cd]: Word in s. 286(3)(b) repealed (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-d1f90752707566df5a50ad250eeda00c]: S. 286(3)(d)(e) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/b)
[^key-5624b06d3c01f90b403d3811e7ab2e4e]: S. 288(7B) inserted (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/3)
[^key-d7802c00b941f0e2e09bc1334b7b4159]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/1)
[^key-213ba9f54c22bbb9ba2d0b82776482fe]: Words in Sch. 1 para. 2(7) repealed (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-c7c67dd16f65ee5dca2684c35e82f333]: Words in Sch. 4A para. 5(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/e)
[^key-a0d89cdb844a8013ea3fbab6d1448912]: Word in Sch. 4A para. 7(5)(a) repealed (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-448307eb6cbe601a31e5e59e7134b571]: Sch. 4A para. 7(5)(c) and preceding word inserted (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/b)
[^key-a13f7b465616c9d3be594cfb57f23940]: Words in Sch. 4C para. 4(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/f)
[^key-85658dcf6f46c9838c1f5a9b383f40af]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34)
[^key-515660c94c8f725e8ac2677b0fd4cb00]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), Sch. 12 para. 30(1)(2)(c)
[^key-b907f5c0f267a0c86337bad1b5eeeed0]: Words in Sch. 5A para. 2(1)(d) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/3)
[^key-4500dc68ed6fe217ec6a143ce542b74b]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-1eaa77d9cd8095a1ea7d263d3f23aa6d]: Words in Sch. 5A para. 3(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-68875f2f55a8ab5847592015866d406d]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-32372f9620e85fc2e023395442b3f9e1]: Words in Sch. 5A para. 4(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-320b32f1303f387adfb0ceeb67e62c5e]: Words in Sch. 7A para. 1(1) inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/3) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-bfdbcc1b01762a5278551a00a33a1a84]: Ss. 184G-184I inserted (with effect in accordance with s. 71(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/71/1)
[^key-fb4304e926d8668f252408ddab18ff11]: S. 268A inserted (with effect in accordance with s. 64(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 64(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/4) (with [s. 64(10)-(12)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/10))
[^key-2552df89eb7174e65b36d92bc79f2c2f]: S. 263E inserted (with effect in accordance with Sch. 6 para. 9(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 9(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/9/1)
[^key-49bc12c40bb720f4af5074781f2396a4]: Sch. 1 para. A1 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/1)
[^key-2db54aadd3f5036137ad2ed6eb88f53b]: Sch. 1 para. 3 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/2)
[^key-54f73961895d353bf6526c3d3794b41f]: Sch. 4ZA inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/2)
[^key-d80251065618f2903758426ebe268911]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [18(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/18/1)
[^key-1ddd8174062e7e4d07565623a654a6ff]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 27-32](https://www.legislation.gov.uk/uksi/2006/3271/regulation/27)
[^key-34b7eb5985580da47e3e4527e746a21a]: S. 214B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-e5dcd81616525d23f416ed1f19ec24cb]: Sch. 7B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-d69aa8857443324ae3efb56c5dbec443]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/a)
[^key-71bf6833bbce7457c565fb3febe1860f]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/b)
[^key-591bea0ebdcc7c58e49a1ba792d34bb2]: Words in s. 117(11) repealed (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/2)
[^key-ef78c77c63d44caf19db8e01884aebd3]: S. 3(2) sum amended (for the year 2007-08) by [The Capital Gains Tax (Annual Exempt Amount) Order 2007 (S.I. 2007/942)](https://www.legislation.gov.uk/uksi/2007/942), [art. 2](https://www.legislation.gov.uk/uksi/2007/942/article/2)
[^key-f66e5915616a70cf3ea1e613d324d8c7]: S. 104(4) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 148(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/148/8/b), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0cf498ef47f9edfccdaaf28c31a56b23]: S. 138(2) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 247(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/247/2), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-70580c677b040566e06521016f8ba439]: S. 11 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 297](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/297) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-948953fb5dd295ca928bcb7c0a404c76]: Words in s. 16(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 298](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/298) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2feff715020d36d03b3c157d20c5bf7a]: S. 37(5)-(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 299](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/299) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-53ed34ef213ed43f328a1057a3a56081]: S. 39(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 300](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/300) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e978c1c3ac5e6a07c1766795f780547f]: Word in s. 83A(3)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/a/ii), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-87ba0e80ec0cef282ca32946c06bab95]: S. 83A(3)(b) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/b), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-46141f113740b193b57fcd3724333a4d]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-4e1180e226de2be278fd7229062ac621]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d0e340077ffa725b0dd9b9a6c9b19934]: Words in s. 97(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 302](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/302) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e3ce92fdaabe56de8eb78b9f85fe4220]: Words in s. 98(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-84e98823943e756772b0fc40f5432f35]: Words in s. 98(2)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5fb60119fe2f1032fe1b1692a5d49965]: Words in s. 101B(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 304](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/304) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9f6e207641873576b948e622acec4edb]: Words in s. 101C(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 305](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/305) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dadc3d61b4303486322a7b97d01687b9]: Words in s. 105A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5a2a8e0f954ab38a6fc563d7bc9069b7]: Words in s. 105A(4)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b126f7940a276a1f3d11f174d092476c]: Words in s. 105A(4)(b)(i) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-db56832cba3c19a4f3b051b8bc034ac4]: Words in s. 105A(4)(b)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-facb24d133b394a2e638cf298673bb0c]: Words in s. 105A(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b9ae39234cca75b3a053356e2ae182af]: Words in s. 105A(7)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7289d33fd082003389ad7ba876303991]: Words in s. 105A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-131f9899ad42a8c7acb99aff7af0d074]: S. 105A(9) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9b30d324b27b8ac3cc6f6a9114122dbb]: Words in s. 108(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 307](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/307) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9d00581ee7003e2f7fa20b57c473d5bd]: S. 119(1)-(5) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7dc8ddfad2dd1bd0fc45d34404dcc204]: Words in s. 119(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2224dddcbc5db2f338f60c1144018e95]: S. 119(7)-(7B) substituted for s. 119(7) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-749d5df9f65096ffa88880d2593312a5]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3a4c391e5b9fb2da33d88e65f4d8ba47]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7aa0c7acfd20729164c33493b6124d6c]: S. 125A and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 309](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/309) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3822dc2de0d371355f14140e6c34374]: Words in s. 150A(2) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d6bdc3f4fe56dd884c59a4ec5156ddf7]: Ss. 150A(3)(a)-(c) substituted for s. 150A(3)(a)(aa)(b) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-50f09efaecf7127bc7158869dff9d946]: Words in s. 150A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3b2db4d938f2f4313258c4046a4463f8]: Words in s. 150A(8B)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5e970e8373e269d4dc8df57ecf441753]: Words in s. 150A(8C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6a46e7e962ceec67065565852b4eebfe]: Words in s. 150A(8D) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a6fc77e280b040f4e9cb5b5758afbc61]: S. 150A(8D)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6cf443f6b7246d431a9001d5abde7e6f]: Words in s. 150A(10A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(8)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/8) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-acaab85a1c8ff57ded79d79d15f0d7c0]: Words in s. 150A(11) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6ccb4c7fff5fd036369e80b40e7ba1a]: Words in s. 150A(11) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ac9654d81aec8f26019de9817d42ce9b]: S. 150A(13) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 311(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/311/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d1f498212a9160cc323cfe98737c2a0]: Words in s. 150B(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb82e8215d77752bb6693bda5039633d]: Words in s. 150B(1)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e15354f3e88fb8bb4b043480a69dc100]: Words in s. 150B(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 312(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/312/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-767674dfac08803da6777539b8ce2f3b]: Words in s. 151A(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 314](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/314) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b61a15f03b2948479d2f929f2ed2d289]: Words in s. 151B(3)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d96d4db8f2a958715cf4c183dc6bfc7]: Words in s. 151B(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-133a00e2031eca3661c140d5835d619e]: Words in s. 151B(3)(c) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-16e6ec17d74ca76165dd32747adb15ea]: Words in s. 151B(6)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7f9e507cf3d7a2871f723052a62aa40]: Words in s. 151B(8)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 315(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/315/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31b457f28cd8a22dd21aee73ffb5e881]: S. 151BA inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 316](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/316) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1a17e2d036b29784c0f98e80858f9d1a]: S. 151BB inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 317](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/317) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-83d82670d235ea9756a21bfe7c418b46]: S. 151BC inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 318](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/318) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-819508d28017bc191b8a3cb211a85761]: S. 161(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 321](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/321) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-05cce393ea67995d465839c8ec9cc9af]: Word in s. 169(3)(a) substituted (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/1/a), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-623afaf2abc072dba14221df7288f47f]: Words in s. 169(3)(a) repealed (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/1/b), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-6513f4f1e9a7c0793d33a00c0e5015c4]: Word in s. 169(3)(b)(ii) substituted (with effect in accordance with Sch. 12 para. 37(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 37(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/37/2), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d884705020cf5539e855a11078cce62c]: Words in s. 169D(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 322](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/322) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-16ad4e7043dced91aa97c5351046b99d]: Words in s. 226B(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 323](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/323) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eda106cfbaf131e685a965189214f4b1]: Words in s. 231(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-46336397a3e032a78535bdd42aceecec]: Words in s. 231(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 324](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/324) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-93b654b159c520bfe583fd0b53d0b383]: Words in s. 256(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 326(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/326/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3fd4ed44916522342b804734e2810663]: S. 256(3)-(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 326(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/326/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-83987a394fdba41108192544e6dd1d80]: Ss. 256A, 256B inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 327](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/327) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-14d2a22d943bd767d54081c24937144e]: S. 257(2A)-(2C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 328](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/328) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-114e475e441da9bc64e129ef09833188]: Ss. 261B-261E and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 329](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/329) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e08efa395b8032427391fc686fe39626]: S. 261F and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 330](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/330) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ea13fa4b28101ba6de86bde1abe3c30c]: S. 261G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 331](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/331) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6bf2a96347587aed6ccdfa9f9dc1ea7b]: S. 261H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 332](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/332) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1e80133321e63f0d924dcfcc41ca0fdc]: Words in s. 263ZA(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-76e74741202de84ad7ed7499146d212c]: Words in s. 263ZA(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d5e27951cd5cc84901ec479e6dbbd393]: Words in s. 263ZA(1)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c78e7cc73aac4df6baa0b64ec26c5879]: Words in s. 263ZA(2)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd1999a7bc1582aff628fea9dd635a61]: S. 263ZA(2A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8ca693a40feb1c45b41972fe7e0ce4c3]: Words in s. 263ZA(5)(d) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-69c0308bab58578f117760efcfb70e5e]: Words in s. 263ZA(5)(e) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 333(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/333/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-602e0f9f5b76b91aa6fad891be116ca7]: S. 263F inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d440a5f7c8041ab46f43f6007c83ee5]: S. 263G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 337](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/337) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5dd1e61ddefa34e491246610dcbedb0e]: S. 263H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 338](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/338) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-66b6d21cc392cb56b89493c43e80e82c]: S. 263I inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6270021c8d4b848b8a7df959217ab404]: Words in s. 271(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bae19b2ec1c7a5199062018ef42832f6]: S. 271(7A)-(7C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ffcb03320186c004ac6c4abfcb74fb22]: S. 285A inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31af7d60581bcaf5b6348fbad44c2acf]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2920215dfb2fc2f8a0164eb5a6da7f6f]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-94f77f734c40903a37e1a79da7944d9c]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-de6036034dcbf872ce293e4169f9773a]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eeac1af44c04c74891786b27dcc825ab]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-24d4e9f2199e5f0dfc9ea036edb9d352]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e2966f50165255cba98a4849e46cf376]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7d30f08fcaf0cb8850ba5fc9426082e5]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-42407f2420a37363b5d5308c3bb54d34]: Words in s. 288(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4c7fb45e447d8f9e0b8b3e7dd9893a57]: Words in s. 288(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e077bceb98fef254dc7537f2bfdc4beb]: Words in Sch. 1 para. 2(7)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/38), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-bc1c8c1b663b7c1cf4334a895f5be87c]: Words in Sch. 4A para. 5(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 39](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/39), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-420d5ababd9a42ac37cbf8661aeba06d]: Words in Sch. 4A para. 14 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/344) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2736ddfc9af0e59f5744002092f466ba]: Words in Sch. 4C para. 4(1) substituted (with effect in accordance with Sch. 12 para. 36(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 36(1)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/36), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-038e221983afbf40eb3269b3be05699e]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-83a6e7df241544bb62856a13988bc9a1]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-b7f7a45a0c9d1b33d332bb5724820d79]: Words in Sch. 5B para. 1(2)(e) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2e3ac68aa863cdcbc318a0d1ed80112b]: Words in Sch. 5B para. 1A(5)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-01e8f7906ce02e4ff5b36f53f98eac71]: Words in Sch. 5B para. 1A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a3bd7333096ed03905e9366edffa1ead]: Words in Sch. 5B para. 4(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-901358e01860acb392f20baeeba123f1]: Words in Sch. 5B para. 4(4A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ff11f373cc2c396d5b23bb8d90ae2d70]: Words in Sch. 5B para. 4(4A)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9204b1211ebcf0d8b15b5c5dcbaf26a1]: Words in Sch. 5B para. 4(4C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d9e64325af643909b501230ac2469ef]: Words in Sch. 5B para. 6(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-28a28aa1623ed5a867018c686d8ceda6]: Words in Sch. 5B para. 6(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7d9c1e94ce232e783c0bce2451ae15e]: Words in Sch. 5B para. 6(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-377b778d982cec23be97f00ec1484623]: Sch. 5B para. 6(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-400bc691b1198de2f81a358d5a6f2406]: Words in Sch. 5B para. 7(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-45af63bf13606e77d6bac08ef75c9d66]: Words in Sch. 5B para. 7(1)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bd9de31b6a759b43f3cb0ebd86c3d0af]: Words in Sch. 5B para. 8(1)(e)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ee7d5256cdfa83cb9df66fbad97461aa]: Words in Sch. 5B para. 8(5)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8eed742243f940e145bc4b3a2315cb76]: Words in Sch. 5B para. 8(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-610f1b0727b60e73dd7e6815cfdb89ff]: Words in Sch. 5B para. 9(4)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(8)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-22a7256b39ac3ebd13e39119f033da31]: Word in Sch. 5B para. 11(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb221b5997ec38515837ea8e54bfa834]: Sch. 5B para. 11(5)(b) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da97109a38a1175ee21fe07b2aaceac5]: Words in Sch. 5B para. 13(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-15d98d2bbd71fdaeb158f328f146d8f7]: Words in Sch. 5B para. 13C(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-aac5b866fbf6b02b00e388f63a2c4119]: Sch. 5B para. 13C(4) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-574dd4d9e59fab03be8776abfe72cfe5]: Words in Sch. 5B para. 14(3)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8de562546b2893fa3f91f032917fb6f0]: Words in Sch. 5B para. 14(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8fb9c7d11b1fa71472d01d34ba761784]: Words in Sch. 5B para. 14(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4e75cf0319726d7466780595d8b02aff]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6d8f1eb10890f01e6cebde2c84fcb99]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6f832ca411e0dcb6b723a7248640867]: Words in Sch. 5B para. 16(6) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-370dfbf9ce61ee747ec29423b4ae5af6]: Words in Sch. 5B para. 16(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c8d52de39d4c9fd9f8e8a29500d52c5d]: Words in Sch. 5B para. 16(7)(aa) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-faaf8a880ec92bf0b7c0573e04f1609c]: Words in Sch. 5B para. 16(7)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ec904ac70e8639f9e618d8ac346d2923]: Words in Sch. 5B para. 16(7A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-745c45a6ad08d4afe3beb74e4e4471bb]: Words in Sch. 5B para. 16(7A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3c181276bc2dfdad4625665652e45a2]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-155b1112d1e7dc0f7b19e4fc41a3f87b]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dc717a520bbaf59b6474144edd513a8f]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8c350b188b7268584c60307575c9a34d]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-00d3109e72a27dbe054e847b61192f90]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4429b1a0ff65ae1a86819f21fff980b5]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ce273f28f5eb006b09d9f55a05073ffe]: Word in Sch. 5B para. 19(3) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c338e2cd34ccf982613ca324c5e9f1b0]: Sch. 5B para. 19(3)(d) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6c5849bbb31231d432ef4136793e6ad6]: Words in Sch. 7C para. 2(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2dd24a7e739935c6b872b655a5fe02ab]: Words in Sch. 7C para. 7(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c85411593d50c378e8f56dab0db1a990]: Words in Sch. 7C para. 7(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-33ec912cdab4c2af3e73a3c81beafddd]: Words in Sch. 8 para. 5(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 349](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/349) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3799922156a44f0575d5f8beb95ccc7a]: Sch. 10 para. 14(35)-(38) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a9727cc1f7b57460a26acb8c7076108b]: Sch. 10 para. 14(50) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd7a1c96b7dce0f115fd66ef49f4f0b9]: Words in s. 8(2) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/a)
[^key-2fcaf172b72358b8a07270daea70322d]: S. 8(2A)-(2C) repealed (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/b), [Sch. 27 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/2)
[^key-056ede730c89d72f9f1f9f68d02e0f2e]: S. 16A inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/3)
[^key-9077b0e00108e6e57833db36186043d8]: Words in s. 130(1)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/a)
[^key-4c51abdf3fad831514517509db0d8dca]: Words in s. 130(1)(a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/b), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-a8adcd27a61ff9123237f728970a1544]: Words in s. 144(8)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/3)
[^key-4fdd970eac2d5a902013ddd4a98a7302]: Words in s. 146(4)(b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/4), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-8289bc7b94570c84db95f56eca978051]: S. 171(2)(db) and preceding word inserted (with effect in accordance with Sch. 5 para. 10(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/10/1)
[^key-cd9c35bc069ea8f359772829e82c030b]: Words in s. 184A(2) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/2), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-c796a0782cc6beb8974156f844872543]: Words in s. 184B(2) repealed (with effect in accordance with s. 32(8) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/3), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-71d9f9fae6e02288a94aae505a0b5f1a]: Words in s. 204(10) substituted (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-96a4f3a3e440b0f5942996bcf2db534d]: Word in s. 204(10) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-6a0f84f86c6792d337fb9b0ca6fcd6dc]: S. 210B(6)(b) and preceding word repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 62(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/62/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-3b66fd9ea588d2ba1e339085854b4de0]: Words in s. 210B(6)(a) substituted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/2)
[^key-14c244baa2930c0f6fec076416f6607c]: S. 211(2)(3) substituted for s. 211(2)(2A) (with effect in accordance with Sch. 9 para. 17(1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/14/2)
[^key-8f3a318a03c7c185d5e003736f8ecc93]: S. 211(2A) inserted (with effect in accordance with Sch. 10 para. 17(2)(3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/4)
[^key-a3f63e26ffd7fc18cf9f5afae46ca1df]: S. 212(7A) repealed (with effect in accordance with s. 39(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/18), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^key-5216b99db2c51ed3df27835fddbeb364]: S. 212(2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-1fba020a42808bc15cd830cb38265b2f]: Words in s. 213(1A) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/64), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-0efe07a6684bc7806a4c5b734b6307c6]: S. 214 repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-b86463c80d41b5cb842367046c8664c0]: S. 214A repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-be7475d063eaec1978b90e3eb609bdbd]: S. 214BA repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-fb5926d2994fa16d11f24680e5cb3c6e]: Words in s. 263E(2) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/2)
[^key-c1c8dbc7dc10eeb4e680a118b8e9e806]: Words in s. 263E(3)(a) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/a)
[^key-849cab974f4c7478c150068d352d5a4a]: Words in s. 263E(3)(b) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/b)
[^key-4fc6010884142830009761a8fd679a4b]: S. 263E(4A) inserted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/4)
[^key-3349df9fe0c4c8c5cce1aa3d7344d8e8]: Words in s. 263E(5) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/5)
[^key-c65a6a505bc11467f15d7980b931299c]: Word in s. 273(2) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/5)
[^key-b77fdf7ea13b58fb6c67dd7a1f8e8371]: S. 285 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/6), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-f10b81042a786ba7d08406c49fa6a0eb]: Word in s. 288(1) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/4)
[^key-e1b9b7d5f607fec776743ca3386d8771]: S. 288(5A)(5B) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/3)
[^key-4ba169046c13af129b109c239aac7cd9]: Sch. 5B para. 1(2)(da) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/a)
[^key-743ce9d3a87a87dcf92d497fe9f38ade]: Sch. 5B para. 1(6)(7) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/b)
[^key-de1e628036849cb1a858cf1e19303904]: Words in Sch. 5B para. 1A(1) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/3)
[^key-7b0ae9812aeb2ec22ddc509e03b132fb]: Sch. 7AC para. 17(4A) inserted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/5)
[^key-3491cf7c6bb93f5fe1e07aef3b3bf800]: Sch. 7AC para. 17(5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-6395858e695ad5df63420f0fac90461a]: Sch. 10 para. 14(25) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9)
[^key-217cfcb0fbe2d0673038dac7cd091040]: S. 210C inserted (with effect in accordance with Sch. 10 para. 17(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/3)
[^key-7797bfcf38e1482d76ce6121f0ee3394]: S. 263AZA inserted (with effect in accordance with s. 21(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 21(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/21/2)
[^key-b2e6dcb2d17d2a4908734124cbe31b1e]: S. 210A modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 34A](https://www.legislation.gov.uk/ukpga/2000/17/regulation/34A) (as inserted by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [27](https://www.legislation.gov.uk/uksi/2007/2134/regulation/27))
[^key-cd4dcd1c6f2b5273fa053d530c20eff4]: S. 212 modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2145/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2007/2145/regulation/13)
[^key-3e64a4f857ed14ad26a4b8a2ac88ef63]: S. 212 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), regs. 1(1), 37 (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), regs. 1(1)(2), 28)
[^key-076babb0e7754d0e4b36fb4d5b3fa76e]: S. 263A applied (with modifications) (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 2007 (S.I. 2007/2486)](https://www.legislation.gov.uk/uksi/2007/2486), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/2/2), [4](https://www.legislation.gov.uk/uksi/2007/2486/regulation/4)
[^key-56794ad11a72a04e1ff258010c1bc24e]: Words in s. 263A(1) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-b6fc99cc4c76957bda74488f6e091d9f]: S. 263A(1A)(1B) inserted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-aead818fe576351dae83e7bdcc6409f5]: S. 263A(2) repealed (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-ee90a843227aca9ad665d495a373a211]: S. 263A(5)(6) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-888ae586dc33d39f33cac340b744f53d]: S. 263A heading substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/6); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-af5dcbd007c751d627722d9a06090b6e]: Sch. 7AC para. 12 substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/13); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-c5eef811781ebaaf7b58b889a0221762]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-a79432940c5ea4ceb97b0c65ad40b1ef]: S. 122 excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [S.I. 2007/3186](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-d66b3e0759afc59d6b16b2f027e05d12]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-7039ca5a0af04bd43d7ff65b8ea05654]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-73fd5cee2ed53564a2bfc3e2997091da]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-b3c95df834e9e61ae9e8748b47f056d1]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-9ffd178aa878f0ca954c883a60060552]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 85(1D) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 21(2)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/21/2) (with S.I. 2008/1579, reg. 4(1)))
[^key-f241f3415fd984f032d31d5c6b286c02]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-e1911f910e3dc1230e67190b50e5d09a]: S. 122 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-30fbee062500225890bcdda9314a473a]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b1784ace7689fa8328386ab614e1cc7e]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-90067f644c649d66b480561076a20f85]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-cc41e47302232e0e735b34e3a5fd73df]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-fff044c9ce9461ce44e9beefeb6dad83]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-201840b197436af671cd0bcffb0d474a]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-6d70671369a8ba260d1a754bb95c586a]: S. 116(8A)(8B) ceased to have effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), Sch. 1 para. 10, but that ceasing to have effect deemed never to have had effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), regs. 1(2), 5
[^key-afa69daf33c77f264612116a58aef6a3]: Ss. 140E-140G and cross-heading substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2)
[^key-0f4da9a080f321c47bb5e886ddccd369]: Words in s. 24(1) substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 3](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-cba6ca5abfb9e328ceb4d38ba386fe9b]: S. 122(1A) inserted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-60dac21b3fa6e11a77096f37a0ccea46]: S. 140(6AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-180234dd7ab85d6d9373182a2553ce9b]: S. 140(6B)(6C) substituted for s. 140(6B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6e97322b12136a80576b255486f1dd53]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-620922443405fdfc04fd77d46ee42c60]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6fbc74e91b8ffb582775165e2b4d3b61]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-80baf780e084e7d62b613033f9b1cd85]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-5d65c17f8a4edb9b03d0c96e5068b869]: S. 140A(1A)-(1D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8cc2fa047f601c5b4e99f9e7e5ed0e2b]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-77abf447b756c049f99a2fc8b9b889ec]: Words in s. 140A(2)-(4) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ab5c55788eb90902d6dbe7c02cda1267]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-253550307a45f3d913f4f317c5e176b0]: S. 140A(5) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ae53eb3c98131ab502245576cb6293b7]: S. 140A(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-92febe9c06a7ac3485b1669b9863e934]: S. 140A(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-75b0b074dd5ecde46a859a13fd356aab]: S. 140A heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(7)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-91c30ce17e941c225267378b9f93df7f]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-42caa3695598091039bbe06727a2f739]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-74a0f73a956de1b3f6ec10f2729b5d98]: Word in s. 140B(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ca123517a7e61533ae247b13dc9c6801]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8a4f98d3534c2cdcf74ed2c5229318a3]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c0feeac2686c7621c997db6132cb79d1]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c810a68f949ff73ea3105498b606fb8e]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-93380861d528f345067e1b3d211d4e99]: S. 140C(1A)-(1C) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-2b0b2f8dae796525c4582d5f00839d8f]: Words in s. 140C(3) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-602662127973a4b508b2b0861adeb85a]: S. 140C(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-caca8b1c207e1b15dc3085dd84841987]: S. 140C(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-365ed0ef35805ebcc93bea90e4e6a496]: S. 140C(9) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-bf0c8182a2a3b8a84c39cbe38531a4cb]: S. 140C heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c991879ddb7554e6a87b2d1f20586c4c]: Words in s. 140D(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-18d2250f085026986be272d07bffe088]: Word in s. 140D(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-1b682de7630c13cb63bca03a9040b444]: S. 140DA inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c3931a3fbf29b771177918e042ddf65c]: Ss. 140H-140L and cross-heading inserted (with effect in accordance with reg. 3(3) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))
[^key-1d5db424b821fe328c993ec7280d0bbb]: S. 154(2A)-(2C) substituted for s. 154(2A)(2B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-965e84be1f1872420ca198b3334370db]: S. 154(2D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-22ad1d082586003311cdec9946eee8a6]: S. 179(1AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 9](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/9) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b433fec9eba858cd37e7295b95c6e983]: S. 179(1B)-(1D) substituted for s. 179(1B)(1C) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-d49f73f413ed9c7e6c0ae6facea03483]: Act modified (21.12.2007) by [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [s. 66(2)](https://www.legislation.gov.uk/ukpga/2007/17/section/66/2), [Sch. 4 para. 9](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/9) (with [s. 6(9)](https://www.legislation.gov.uk/ukpga/2007/17/section/6/9)); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule)
[^key-cc9c9c4168d08c773e8f04e36612e770]: S. 171 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/9/2)
[^key-7a8d299bd69a46c34a12f57d79c73e48]: S. 211ZA(2A) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(2)](https://www.legislation.gov.uk/uksi/2008/381/article/28/2)
[^key-c0f88de45213355acccc9c0d55e4863b]: Word in s. 211ZA(3)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(3)](https://www.legislation.gov.uk/uksi/2008/381/article/28/3)
[^key-704f4869a5d10d0c2a081bb377d495b4]: Words in s. 213(5) substituted for the words "assuming that the transferor had continued to carry on the business transferred after the transfer" (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(2)](https://www.legislation.gov.uk/uksi/2008/381/article/29/2)
[^key-ce62aeeec6cec0227b028cdc6d1e550d]: S. 213(5ZA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(3)](https://www.legislation.gov.uk/uksi/2008/381/article/29/3)
[^key-453708dd55b662492fad9453f213e720]: S. 213(8A)(a) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(a)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/a)
[^key-8f570571b45cc1744ad6e6af1ff55f6c]: Words in s. 213(8A)(c)(d) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(b)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/b)
[^key-b7e8571a66bc1f2b18067f4134807df8]: Words in s. 213(8B) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(5)](https://www.legislation.gov.uk/uksi/2008/381/article/29/5)
[^key-26ea46fc9676aec71f222a9e1e1a5f9e]: Words in s. 213(8F)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(6)](https://www.legislation.gov.uk/uksi/2008/381/article/29/6)
[^key-b3f1ea09bb8025fcfb569ec973ba7b72]: Words in s. 213(8H) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(7)](https://www.legislation.gov.uk/uksi/2008/381/article/29/7)
[^key-cfb4eb658a2d382669d1003d7183598e]: S. 213(8HA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(8)](https://www.legislation.gov.uk/uksi/2008/381/article/29/8)
[^key-49207fe08e5b8a4408ae8ae361896c7f]: S. 213(8J) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(9)](https://www.legislation.gov.uk/uksi/2008/381/article/29/9)
[^key-4e6abf746bc5d534f14168463f7c4f0a]: S. 213(10) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(10)](https://www.legislation.gov.uk/uksi/2008/381/article/29/10)
[^key-4e2a82806e1b181bc81cc4a93bdd6280]: Sch. 5AA para. 5(a)(i) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [17](https://www.legislation.gov.uk/uksi/2008/954/article/17) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-d4da516005cabd70660ed4585d919d4b]: Words in Sch. 5B para. 14(5)(a) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(2)(a)](https://www.legislation.gov.uk/uksi/2008/954/article/18/2/a) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-27e277657dba0a1402751edfd8280c77]: Words in Sch. 5B para. 14(5)(b) substituted (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(2)(b)](https://www.legislation.gov.uk/uksi/2008/954/article/18/2/b) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-8d95e400a51d8afc185af0d7aba01e66]: Sch. 5B para. 14(6) repealed (6.4.2008) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2008 (S.I. 2008/954)](https://www.legislation.gov.uk/uksi/2008/954), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/954/article/1/1), [18(3)](https://www.legislation.gov.uk/uksi/2008/954/article/18/3), [Sch.](https://www.legislation.gov.uk/uksi/2008/954/schedule) (with [art. 4](https://www.legislation.gov.uk/uksi/2008/954/article/4))
[^key-9dc3f7925ad824a2cb3b88907521504d]: S. 140A(1C) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(a)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/a) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-d10855e704644c10d400e684f6e7c951]: S. 140C(1C) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(b)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/b) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-24e54b00d945ea5587244cf92df213d2]: S. 140E(2)(d) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(c)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/c) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-db5bc05e20f4708735cbbdbe26523b31]: S. 140F(2)(e) modified (temp.) (8.7.2008) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [6(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/1), [Sch. 4 para. 2(d)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/4/paragraph/2/d) (with [reg. 6(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/6/2))
[^key-0cb1f37dfd31b9eb36f9b28deffaf15b]: Words in s. 116(8A) inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 2](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/2)
[^key-fca226c24fb8dcfeb40c49aef27166a3]: Word in s. 140F(2)(d) omitted (with effect in accordance with reg. 3 of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/3/a)
[^key-91a9b792a6fb8e18756abb3bef589410]: S. 140F(2)(f) and preceding word inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/3/b)
[^key-76cf6cd864206a395a9e9a2ee9fbd1c5]: S. 140GA inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 4](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/4)
[^key-ac3a16fa88a9813952c0a9968bef4e17]: Words in s. 140I(1)(a) substituted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 5](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/5)
[^key-74e50a668d28f83a221a32da5ec00aad]: Words in s. 140J(1)(a) substituted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/6)
[^key-7967e8e224dce50fea3be6254981126f]: Words in s. 140L(1) inserted (with effect in accordance with reg. 3 of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2008/1579/schedule/1/paragraph/7)
[^key-6f040b2bdbbcba539e5eb40e71724230]: S. 12 applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809F(4)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/809F/4/6) (as inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/1))
[^key-867f946a4c07f2f8986f520923bb98e2]: Ss. 87, 87A, 87C-90 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-499e27210c1eb59de549e95002357ddd]: Ss. 96-98 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), Sch. 7 para. 93(3))
[^key-86dae35873daed2da5e53fa1fadaa694]: Sch. 4C applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-6a8115e67950f7f9515d9a638916eb4c]: Ss. 87-89 modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 125(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/125/2)
[^key-1d9a79f7761623f9fc87a84ecc3ff785]: Sch. 4C para. 8A applied (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 126(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/126/4)
[^key-e2a08164eb5f6b41c2deab13430f0a7c]: Sch. 4C modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 152-155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/152)
[^key-2dcc6fc7ec24769919ca97277b57823e]: S. 2(4)(5) substituted for s. 2(4)-(6) (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/2)
[^key-bcde2ebeffaf1654f599badac37ce6f0]: S. 2(7)(b)(ii) and preceding word omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/a)
[^key-c7d2b7dc6fb2a428829f7a0dff219333]: Words in s. 2(7)(c) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/b)
[^key-9b84ac4ee52f083d51ac8833bcd9357b]: Words in s. 2(7) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/c)
[^key-dca92d72c4cfff4270df545fd68deacd]: S. 2(8) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/4)
[^key-1d7a0b6cb392f95f06af4df1f45707b2]: Words in s. 2(7)(a) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/2)
[^key-8134211a9b04cd9b4491f3e21274eded]: S. 2A omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 25](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/25)
[^key-78953e17937ef9e1ffa063f4f277c035]: S. 3(1A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/2)
[^key-7e347768960192a3217dde79335ae01b]: S. 3(5C)(aa) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/a)
[^key-e32c9a0eae7ea9a49a82680400d91c89]: Words in s. 3(5C)(b) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/b)
[^key-f441b94f1b23b8c65a3efc779b2f48c9]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/a)
[^key-d27060d276a4c9a743ad0f642e222403]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/b)
[^key-3cde6ce754019cbf5a8dcd166bf378c8]: S. 3A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 57](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/57)
[^key-186a3137f986751d5c848b0d6e04fbd1]: S. 3A(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/a)
[^key-cb3db0e313c9cadeb76e839c7b56b72f]: Words in s. 3A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/b)
[^key-535824dad4b93f920102fa680e8b7c1b]: S. 6 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/3)
[^key-6a0d591d5606700b8308114d5b3946bf]: S. 12 substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/60) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/2))
[^key-a4e401c940ccfae0fbcd8a36cc2f4d94]: Word in s. 13(2) substituted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 103](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/103)
[^key-0a4c00069adafdabc13904b90e3cb095]: S. 13(10A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/28)
[^key-ac2c015ebbe0cbb416afa788389151a7]: S. 13(7A)(b)-(d) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/4)
[^key-e098c81ec4c2001c61aa8d3c9c4ba172]: S. 16(4) omitted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/61)
[^key-fe30d7ef5c4c1c810669f6740ba57473]: Ss. 16ZA-16ZD inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/62)
[^key-dd4cf5e0fafb93f8823aba3ccfc3a778]: Word in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/a)
[^key-2a547a56d2ec6f169ec09540f91be18f]: Words in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/b)
[^key-dbd707be01cbb35febdc4fc07e29704a]: S. 35(2A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/3)
[^key-c4f977b26551794ab199d5f850a19fd7]: Words in s. 35(3)(d) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/4)
[^key-4cfb092ddd1a1c535704c544797a467b]: Words in s. 35(4) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/5)
[^key-5c916dc561998482efad8aa5607dbf93]: Words in s. 35(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/6)
[^key-0ea2180221b0f7096700dc904a8c9e74]: S. 35(6)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/a)
[^key-2de04e999fb06040f0376e91df35ea87]: Words in s. 35(6)(aa) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/b)
[^key-ee45f53315fca6241865ff0d40da16b3]: Words in s. 35(6)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/c)
[^key-bcb5098bf993441a9034ad6808d827d5]: Words in s. 35(7) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/8)
[^key-c55a085df4e6b89df2db7ba6775991d9]: Words in s. 35(9) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(9)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/9)
[^key-1188f11ddfbbf75cecc8f95687a30721]: Words in s. 35(10) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(10)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/10)
[^key-bc71cee45857c8d2b9be775d8ee26957]: S. 35A inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/59)
[^key-e4262ba6b241e8d7f295427884d88577]: Words in s. 36 substituted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 73](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/73)
[^key-416337d4f27bd9cff248e443e622a146]: S. 53(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/a)
[^key-00557364800664b51ef118ad01bffe09]: Word in s. 53(4) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/b)
[^key-f2cf57f71c3c249ee72c1b3f9a6f946f]: Words in s. 54(1) substituted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/2)
[^key-bfa4bc688cf3e077ca15fa255fd2c55a]: S. 54(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/3)
[^key-664bd08722c50624f5f8e4dbc3375288]: Words in s. 55(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/60)
[^key-55525e0f6b137b312e2edd7627c3e5f6]: S. 62(2B) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 29(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/29/3)
[^key-0fe6f7f96514ac9b37f8b90b1d1223f8]: Words in s. 73(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/61)
[^key-deaa7729756687864a872739bb99dc1c]: Words in s. 85(11) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 107](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/107)
[^key-aba384ce55cf870603e02f74c3029e85]: S. 85A(2A) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 129(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/129/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6e93ee211c2049673cc5e41fb35b4066]: S. 85A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 129(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/129/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-41cf4414cf2be59f41e5405167e103fc]: Words in s. 86(1)(e) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/30)
[^key-a6cca5dc39216eb5513f879c19749fd0]: Ss. 87-87C substituted for s. 87 (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 108](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/108) (with [Sch. 7 paras. 116-119](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/116))
[^key-980b22bdd18817502efbb7436a0364ad]: Ss. 90, 90A substituted for s. 90 (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 111](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/111)
[^key-1c5889fad469d995581ea9825a04211f]: S. 88(2) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 109(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/109/2)
[^key-9958af93ae9ae62498c4c944f0143340]: S. 88(7) omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 109(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/109/3)
[^key-7a83def42847bcf6c6631c7afa5d400c]: S. 88(6) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 6](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/6)
[^key-5641961ec141176924d233f0445772e8]: Words in s. 89(1) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 110(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/110/2)
[^key-c950a5227992da1be87bc4464d88778e]: S. 89(1A)-(4) substituted for s. 89(2)(3) (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 110(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/110/3) (with [Sch. 7 para. 123](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/123))
[^key-f2559548c83d41ced13f9a8059b653d8]: S. 91(1)(1A) substituted for s. 91(1) (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/2)
[^key-b73f47b9f8c6bdb90d87c5087d8b1000]: Words in s. 91(5)(a) substituted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/3)
[^key-cbd2dbb27a321d01bb2b55ffd2141f76]: S. 91(8) omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 112(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/112/4)
[^key-2073dd6ea6888c1faec929379c752f64]: Ss. 92-95 omitted (with effect in accordance with Sch. 7 para. 115 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 113](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/113)
[^key-0e1dc2fdc263c82f7276bcb7df6f8177]: S. 104(2)(2A) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/2)
[^key-3d460a8b9c60cf9d990a8cd23fb6c61d]: Word in s. 104(3) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/3)
[^key-a0e24c147791ac4d608f47522174ca8e]: S. 104(3A) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/4)
[^key-6d9be9d498c7ccdcfd7e04b279d94b63]: Word in s. 104(5) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 85(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/85/5)
[^key-60c04631c93dad791e84fda3a9c438f9]: S. 105(3) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 86](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/86)
[^key-b4f84c0ab410d702b255346680ad72da]: S. 106A(5ZA) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/2)
[^key-f9bc07bf2199187c85e28c0a4ac138d1]: Word in s. 106A(6) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/3)
[^key-b265f0dbd334ac74c5225cc6cdc2deb6]: S. 106A(7) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/4)
[^key-92cc12d99d2cca0c120161513664f7a5]: S. 106A(8) omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/5)
[^key-2a4b9278a2b8121bd063dfd07907d774]: S. 106A(10) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/6)
[^key-6cf796a79c1c20db956e9db05c2696cb]: Words in s. 106A heading omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 87(7)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/87/7)
[^key-bd656cdb2f3abdb2cb3862462ab1c6e6]: Words in s. 107 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/88)
[^key-34c24f5969f92d94456bb42bc9f87df8]: Words in s. 108 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 89](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/89)
[^key-a5ed701c46e67424c31e225b9914b8a0]: Words in s. 109(1) substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 90(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/90/2)
[^key-cf58eeaad40abe2e5bd21844f8c2c0d8]: Words in s. 109 heading substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 90(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/90/3)
[^key-25c1e9955bf11bd8cf9466fdfc58e33f]: Words in s. 110 heading substituted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 91](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/91)
[^key-60088ccfc8e8c78a3899dc6fcb770c5a]: S. 110A omitted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 92](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/92)
[^key-be9144c7827a5159dc0c9dca424bf439]: Words in s. 112 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 93](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/93)
[^key-84e5484d69729ab542aa574a6a44d5c7]: S. 113(A1) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 94(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/94/2)
[^key-4ae2dd9ad809d0622b522bb06fdbcf43]: Words in s. 113 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 94(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/94/3)
[^key-aeaccd9db3588382ab4d1f23a6d3559c]: S. 114(A1) inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 95(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/95/2)
[^key-b6be83529fab897da253fa718b311dcb]: Words in s. 114 heading inserted (with effect in accordance with Sch. 2 para. 100 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 95(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/95/3)
[^key-bdbf6b8e60c63f78dba551e719911d85]: S. 119A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/63)
[^key-58eb043d1aef907a558338dae1205af2]: S. 119B inserted (with effect in accordance with Sch. 7 para. 80 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/64)
[^key-22195a7fc6bd0d9651ca272d2b40de68]: Words in s. 145(1) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 81(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/81/2)
[^key-6b69033148ef402431148a3366f86357]: S. 145(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 81(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/81/3)
[^key-44ad5db9ee28a7544482ce6e8295d5ba]: S. 149AA(7) inserted (with effect in accordance with s. 49(9) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2008/9/section/49/1)
[^key-377bd8aba6e02621e44e3d3ab2777764]: S. 150D omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/32)
[^key-632ecd9ceeaf0ea91c792e131bf7e4f9]: S. 165(8)(aa) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/33)
[^key-5711249d7faa45095a90d907c661ff4e]: S. 165A inserted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/34)
[^key-fa68486822f0aab456622af75ea05050]: Words in s. 175(2C) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/62)
[^key-23360346a0aacf83edb9c708e595020c]: S. 214C and cross-heading omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/35)
[^key-636659d7ef7f8c19ed54e3303f46b26e]: Words in s. 228(8) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/36)
[^key-f313c18685f203cc69e9098a865d9e43]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/37)
[^key-bac671254d47cd3bafc3ba7e2c382860]: Words in s. 241(3A) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/3)
[^key-a7a185309050fcb204723125eecfb707]: Words in s. 253(14)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/38)
[^key-60dae785482e6e22ae8a8d4c1878a18c]: S. 261C(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/39)
[^key-fadd1be5762e6275d7a83362e59d47bb]: Words in s. 274 substituted (with effect in accordance with Sch. 4 para. 9(4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/8)
[^key-29d37149a829339fa95f524ecf7f2b30]: Words in s. 279(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/40)
[^key-10c973e613d084684c06c331a82b01de]: Words in s. 279A(7)(b) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/41)
[^key-4f59cb5fcf8cb3ab9de69ae06dfc604d]: S. 279B(1)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/42)
[^key-431cddb4b0ea328a94adcbef27f424f6]: Ss. 279C(3)-(4A) substituted for s. 279C(3)(4) (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/2)
[^key-1ccecb3245c2fe6d45f4f4e13241602d]: Words in s. 279C(6)(c) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/3)
[^key-642a91518cf155bf5838e82feb6eefad]: S. 279C(8) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/4)
[^key-96f18496432ba27ac19bad654adf4027]: S. 279C(10) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/5)
[^key-f78ea692f1bf24e6c7a93b46e3352772]: S. 284B(1) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/44)
[^key-3c1bb9b1b09ee06c701510a5a78a0617]: Sch. A1 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/45)
[^key-9e3d12e943bbc4fc316165e2c7a8a7ea]: S. 288(3A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/63)
[^key-9bc60d168e7bff6ee46d2cee07bd1a77]: Words in s. 288(1) substituted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/2)
[^key-436f0c94005e530204cc80583cff1fc5]: S. 288(1ZA) inserted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/3)
[^key-2abef61e908459a30632f990b13472d7]: Sch. 2 para. 1(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/2)
[^key-05db36473fcb13e9b14c7e04ded77b69]: Sch. 2 para. 4(6) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/a)
[^key-0360a89549eb7f905df4462eb91311eb]: Words in Sch. 2 para. 4(8) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/b)
[^key-690bdbfd2aae37e6ee3edfdf1a721228]: Word in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/i)
[^key-ac8b7ce6a4763a81ccc7784e27b6d564]: Words in Sch. 2 para. 4(9) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/ii)
[^key-8db4cf8001136c1fbed7102cfc17e613]: Words in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/iii)
[^key-781a066d3763247d9abdebe49663c6c9]: Words in Sch. 2 para. 4(10)(a) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(d)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/d)
[^key-6724ff007b03b8a9d31a3fbde640823e]: Sch. 2 para. 4(11)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/i)
[^key-63e9ff93f078875699f4ee15961f782a]: Words in Sch. 2 para. 4(11)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/ii)
[^key-4560c7d99aea4a189a410e30e61afe42]: Words in Sch. 2 para. 4(11)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/iii)
[^key-28c44c3029cefcb41b086c95dc16e188]: Sch. 2 para. 17(3)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/a)
[^key-d02fb661506d53a3b077cbc909d8fafa]: Words in Sch. 2 para. 17(3)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/b)
[^key-f736fe0bb2f5492d3b402b218df70166]: Words in Sch. 2 para. 17(3)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/c)
[^key-e24ca535edc8eb4dd0ef227a9f4c49e2]: Sch. 2 para. 22 omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/5)
[^key-382a12c12f2f57fce11f1b6a59c41fe6]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/i)
[^key-49cac76368672d5f20d5672a4589a358]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/ii)
[^key-3bd5f48e7037be71ab4d44100427f0d0]: Words in Sch. 3 para. 1(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/b)
[^key-d6a9acec6340a502225b519594620456]: Words in Sch. 3 para. 2(1) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-b9fee706a6dc4a24d9c9198b73bdb46d]: Words in Sch. 3 para. 2(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-2c072a35dee9c741c40efc63528dfc67]: Sch. 4 para. A1 and cross-heading inserted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/2)
[^key-0e3259889adef1eee62d58b583929347]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/a)
[^key-dd71f7c08f42698927cb994c96ac0de2]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/b)
[^key-4eaaa5a714a6ca1b39bb67018923b5ef]: Words in Sch. 4 para. 4(2) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/4)
[^key-c672bf148a89a5e390cc339a7ebffd21]: Words in Sch. 4 para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 66](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/66)
[^key-7bb9c99750824fa00e7d76637e7c55ec]: Words in Sch. 4 para. 9(1)(b) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/a)
[^key-14ea4c4410be490f80b2cd63872b566a]: Sch. 4 para. 9(1)(c) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/b)
[^key-9ec9217d6e84b8916c00b83d27a1c257]: Words in Sch. 4 para. 9(1) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/c)
[^key-6df6845a7df19056bdd150c7a87ddfd6]: Words in Sch. 4A para. 7(4) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/a)
[^key-05e479e7e1d91b1e715d2bcb82c3b905]: Words in Sch. 4A para. 7(5)(c) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/b)
[^key-ef42781536d30a3034581ab752d66bd3]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/a)
[^key-e3032567c8cc9243b9966b6196479ced]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/b)
[^key-2341a0d75864cba2a777713a99b2d693]: Word in Sch. 4B para. 1(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/2)
[^key-dc09c47901d20907d7714514760a0b61]: Word in Sch. 4B para. 3(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/a)
[^key-2165580f7e4f8ec421a237e568a3200d]: Sch. 4B para. 3(2) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/b)
[^key-7ba701c6f3903b941203b7bc09b924cd]: Word in Sch. 4B para. 3 cross-heading omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3)
[^key-72543019fc7e6882abee8dea477123a6]: Sch. 4B para. 3(4)(5) substituted for Sch. 4B para. 3(4) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 130](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/130) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-0e06f9e94c7038d08903db4ea92cc167]: Sch. 4C para. 1(2)-(3A) substituted for Sch. 4C para. 1(2)(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 132](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/132) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6b288ddd826d3ab61984021f15a30a36]: Sch. 4C para. 1A and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 133](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/133) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-d9ae4adbadf1ed728520547a5abdc009]: Sch. 4C para. 8AA and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 139](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/139) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-948c893e4bb31f06b862efbce22ec786]: Words in Sch. 4C para. 4(2) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 134](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/134) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-92a1f85ce9bd49123c9585ea38ecc4d0]: Words in Sch. 4C para. 5(2)(a) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 135](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/135) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-cf0a5c6cf85cdabfff25c1328b8de450]: Sch. 4C para. 6(3) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 9](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/9)
[^key-b576d99d2254dfcda22d404bc13e392a]: Words in Sch. 4C para. 6(1) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/2)
[^key-c128d2b20fdc19a2534dff51338af15d]: Sch. 4C para. 6(1A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/3)
[^key-0cd7bb20bbb44f30a67a20c47128bb54]: Sch. 4C para. 7A omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-20869e4e35a886729802ea1f3cc55ee6]: Sch. 4C para. 7A cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab03f4914990e75bafa478eb51dfe453]: Sch. 4C para. 7B substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 137](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/137) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-a2fe6193674e052de41edfc9e661cecb]: Sch. 4C para. 8 substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 138](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/138) (with [Sch. 7 paras. 148](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/148)[151(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/151/2)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-86cf81e37bb4d0faf063b1f94b9e21f3]: Sch. 4C para. 8B omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-18208f6965d5d92ab71508ead873dcd8]: Sch. 4C para. 8B cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-90ba676b0b6d1555a92563f23817b06f]: Sch. 4C para. 8C omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9dbb48d08db04204f88d5c01f4ff6f50]: Sch. 4C para. 9 and cross-heading substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 141](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/141) (with [Sch. 7 paras. 149](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/149)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-2f89fea95a93dbc661da99785bc83348]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/a) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9b846593afe7220c379556e9f503db3d]: Sch. 4C para. 10(2) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-f98e3fce20c9ea6e49abee75b3b4a986]: Sch. 4C para. 10(3) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-68dbedfe2ceb3440010ebc1b7fc2ad0c]: Sch. 4C para. 11 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 48](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/48)
[^key-77d5ced43f1615e0443d38fdd350160c]: Sch. 4C para. 12(1)(2) substituted for Sch. 4C para. 12(1)-(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 143(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/143/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-1bcb0a39d728251d1b1429d34ca0e7a9]: Word in Sch. 4C para. 12A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 144](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/144) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-104c881d39fd70758e7a28bb00301579]: Sch. 4C para. 13(1)(1A) substituted for Sch. 4C para. 13(1) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-c8c019117ce6c49e2ad5aee8afa8ac38]: Words in Sch. 4C para. 13(5)(a) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab035ae92960ef5623933e1c32497d65]: Words in Sch. 4ZA para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 67](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/67)
[^key-6f1e1f1a19105435bf1a8fbb373dfb99]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 10](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/10)
[^key-557a5a6c27046e9a781f345da430c62c]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/4)
[^key-2b4d3aa96668c27c012ad3b02c98eb6c]: Words in Sch. 7A para. 12(b) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/68)
[^key-a809ac57d8b4fef003ac6ec946c522a6]: Sch. 7D para. 15 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 50](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/50)
[^key-37df0d0f434bd466268d827f718140bc]: Sch. 10 para. 14(40) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-a160116a5a61e52347a637280825bb5b]: Sch. 10 para. 14(41) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-62210e0dd95858649d5b0850e81240b3]: Pt. 5 Ch. 3 inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/2) (with [Sch. 3 paras. 6-8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/6))
[^key-84a47cd23e239fb4625f40087bc25a79]: Sch. 5BA omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/49)
[^key-3f10d2019e724d309f9ecce51c11cab5]: S. 14A inserted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 104](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/104)
[^key-520adc83605552cf3c70bf144f336602]: S. 52A inserted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 78](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/78)
[^key-9319dae720563f48f304d54440fcdfbe]: Ss. 77-79 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/5)
[^key-776876f7590a79a96ed11de17944a65a]: S. 154 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 12(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/12/2)
[^key-2f728738a68a63696ba7f64f4e308007]: S. 17 excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 39(1)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/39/1)
[^key-e237df61793d51bf2a3bd5b7cbd0ab45]: Act construed as one with Crossrail Act 2008 (c. 18), Sch. 13 (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/3)
[^M_C_9814ffdb-4b83-44f5-9dd3-727bc100a374]: Act modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11), [12](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12), [22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22)
[^M_C_fd316d86-5e88-4242-87ed-bfc28ee5eb04]: S. 179 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 31](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/31)
[^key-a2e59c4b815ce27962e6049e0f27def5]: S. 17 excluded (8.9.2008 for specified purposes) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/7/2); [S.I. 2008/2358](https://www.legislation.gov.uk/uksi/2008/2358), [arts. 2(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/3/1)
[^key-20d4e41f71c43bcbbc539b23a6668cf7]: S. 218 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-f8e6f2ce59f0a8b091b4cdfea51c85d2]: S. 219 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-7abd99145bf64b735704b4aa648a5a3e]: Words in s. 219(1)(a) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/a); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-8baf9c33b103ef614f427c73b56e4056]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(i)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/i); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-a55da6849a98946a7f978b1b3b9d8069]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/ii); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-e92a62fd84d220c9ca2de81eb67b40e5]: S. 288(3A)(j) inserted (E.W.) (1.12.2008) by [The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008 (S.I. 2008/3002)](https://www.legislation.gov.uk/uksi/2008/3002), [art. 1(2)](https://www.legislation.gov.uk/uksi/2008/3002/article/1/2), [Sch. 1 para. 43](https://www.legislation.gov.uk/uksi/2008/3002/schedule/1/paragraph/43) (with [Sch. 2](https://www.legislation.gov.uk/uksi/2008/3002/schedule/2)) (see S.I. 2008/3068, art. 2(1)(b))
[^key-69e0227cc8efe3637622929b5d2daddd]: S. 99(1) excluded in part by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B](https://www.legislation.gov.uk/ukpga/1998/36/regulation/14B) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1/1), [11](https://www.legislation.gov.uk/ukpga/1988/1/regulation/11))
[^key-1c58cf69df78b850351d878ae61e8f01]: S. 100 excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), reg. 14B (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), regs. 1(1), 11)
[^key-34f223148e6a3fb4084bcdcd3103da9a]: S. 212 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 51(2) (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2008/3159/regulation/15))
[^key-b23a1827584e1f1dfe2865f9b1303dfc]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [arts. 1](https://www.legislation.gov.uk/uksi/2009/317/article/1), [3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^key-3269c52b0cf7f4ee7eb77581de614fa5]: S. 137(1) modified (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 129(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/129/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e9c9fc262a6777ca75a8ba9bfb273267]: S. 144(2) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-767bd77da3bd30e0aefe61ef7599a5da]: S. 17(1) excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/3), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-92851b974c3b78a2a61f7c57e8b83f67]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 667(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/667/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6745e2cfe3931a0ca83382de142b4a9b]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 668(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/668/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-37a2cfcc1029242a384a49ecbf173ff3]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/5), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b16893bedfa5bde1fda48dbfbf9f2f3d]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ad274cc9b75eb2cb9afda1e57850de51]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4fdbba50df2f4f735b5ce34510fb0ac7]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5db8381d7b5e5883a9250f2fdabe2924]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e8823d289c77d0bb74176571673d3995]: S. 170(12)-(14) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 773(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/773/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-085bceab0a538a045ae1dc90abc54fc1]: S. 171 excluded (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 830(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/830/1), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ef61c7588d3d557f140785f999a55b9e]: S. 39 extended (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 1157(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1157/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fe3773e40f9cdd312970251430c70c2d]: Words in s. 1(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 359](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/359) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-dc3071c0ce1e11352e41fce0bdf38d9c]: S. 10B(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 360](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/360) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1179bc60528d49e901f71316d65b2ba9]: S. 13(15) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 178](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/178)
[^key-a199a1f37dcec8a947a54714f6d4a138]: Words in s. 40(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 362](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/362) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-88f1d0cc2c61e3f06c1df930a3679843]: Words in s. 41(4)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5568ed6785eb19081fa11e5755f41825]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-43fc0da34999feccd08abfac236aecee]: Words in s. 41(4)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a3c31f2e787a36941f3f24d8f33aea0c]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c31c73a0f9645c2da483f2f2c3573aa4]: Words in s. 48(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 364](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/364) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-abbfd607e8dca9028206a09aaac25d2b]: Words in s. 59(2)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-df89557c5bba6a1f78511ecf67b918f3]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1438ec44ad132c6ea5262552af96657c]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1089729357a59e1e08921f871670fee5]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a9c7f22d4b43f9c22bffdc0c56462e5d]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-eda79fd8a7b360c09a925a441014f3eb]: S. 116(8AA) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d3508bb9284597da2ead7ec733ae58da]: Words in s. 116(16) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1eef8e7f1c7d6a8de2e10b41fa094b67]: Ss. 116A, 116B inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 367](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/367) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-656a84a1a06cfd700d8bc39cf0046324]: Word in s. 138(4) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/a)
[^key-df4a584c2af7d403a4fff10edeb7ad5f]: Words in s. 138(5) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/b)
[^key-a103fac52e56aec462b9f1e35e18c6c3]: Words in s. 143(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e29cbc6f3b2d70e6ce7263a83cc215a]: Words in s. 143(1)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-0da1748e4ce2bfcbb653f35fdedea46a]: Ss. 151E-151G inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 370](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/370) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ea459d67b938c92be269e112699b937d]: Words in s. 156(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b0dee11de706b198c87593c2069f6214]: Words in s. 156(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6d9292b4db07045980b190a86365dd3e]: Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 372](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/372) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ed3aaf12adaa4b198936bf4f116002ae]: Words in s. 158(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 373](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/373), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e453c07d20b2ab2bdd13c67cfb1f5a2e]: Words in s. 161(3)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 374](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/374) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6b57cf6d0da6f4f247c57d12957edc7]: Words in s. 170(9)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 375](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/375), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-25470265ef3cd3912db524bd7eb67e54]: S. 203(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 378](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/378) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e86ff9ecdbbe15452d743babbc91ca7d]: Words in s. 210A(11)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 379(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/379/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1b15bd88063a6ed3a7b49ed46364d7a9]: Words in s. 211ZA(9) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 180](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/180)
[^key-3426f3581821cdc289fcba5d578b2ea2]: Words in s. 213(8) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 181](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/181)
[^key-834640151d2008df095698ceb57fcdf5]: Words in s. 241(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c4b24b9436b62ff2615f82550545a423]: Words in s. 241(3)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-8182ff3914620ffbe19052a1ffacc382]: S. 251(8)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d7af9b1a64819a4656e277df40994b1b]: Words in s. 251(8)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-2233bb9d971a0a7751ee9a96d9ef2617]: Words in s. 253(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 382](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/382) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ce9d16c1084125fb223913cd408a0812]: Word in s. 261B(4)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 182](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/182)
[^key-201a829100757df3413f9804a16e3e39]: Word in s. 261C(3)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 183](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/183)
[^key-db08608607b5c5c34c9118f5dae74ebe]: S. 275B(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 383](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/383) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6890dd515106ecb947b43bb639bc752]: Words in s. 288(1) inserted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 184](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/184)
[^key-4cd902b6eddb4879703d592ec0e642c6]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e2cba8d38e8e54b27ea2cd16b0d66c0]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-004c060177d500f54deb453370c6c2e3]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a1954739f14933c3389999984fa96008]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/d) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4510a43998ca27f2e4c9ea31740062c6]: S. 286A inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 384](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/384) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1ddd9e173a41fbe288fe604a48ad34a3]: Sch. 7AC para. 34(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 386](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/386), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-da194ad83037af922324de5e345eaee3]: Sch. 7AC para. 34(2) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2009 (Amendment) Order 2010 (S.I. 2010/614)](https://www.legislation.gov.uk/uksi/2010/614), [art. 2](https://www.legislation.gov.uk/uksi/2010/614/article/2)
[^key-4f910189c1d7724096b5cbfcb85f564b]: Words in Sch. 7D para. 2(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 387](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/387) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-527447d8790ff5de108b9f67d9f3c6d4]: Words in Sch. 8 para. 5(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-db8419f858f209f48f361f9f9a61ab9a]: Words in Sch. 8 para. 5(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e08fb9b5ec27bbf23a2f0f07e5bda40d]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-cfcb3755143f5add3e12e130c178347b]: Sch. 8 para. 5(5)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-652577ad963e13d79e02a254a75b9b54]: Words in Sch. 8 para. 5 cross-heading substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-bd3142e7cb078665f097245dd56d1bf0]: Words in Sch. 8 para. 6(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b2cebbf04491b6458a128527b54dc211]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fdb3a0eb565c63afe1f4cd98005c6060]: Sch. 8 para. 6(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6400eaac58f0241ae0bf1aa0df74ea3f]: Sch. 8 para. 7(a)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(5)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5af101fe06ed1d210c41127360c6129d]: Words in Sch. 8 para. 7A repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(6)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-29c9435c5f892a9e3a782aa168327486]: Sch. 10 para. 14(7) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b6dc1456fdbdaa38793a9577096e3884]: Sch. 10 para. 14(27)(28) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1df83a74fc000d83938ae0254f0e34b6]: S. 24(1A)-(1C) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2009/730/article/4/2)
[^key-60fff772ddc3ce81ce3b3118f9d35263]: Words in s. 24(2) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(3)](https://www.legislation.gov.uk/uksi/2009/730/article/4/3)
[^key-b9795a54a052799be7969152fdf0e847]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/a)
[^key-40e78c60693a1a036e365e77f900ccc9]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/b)
[^key-fecbd5d091cc665dc9e26f6e07ea0ccf]: S. 24(4) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(5)](https://www.legislation.gov.uk/uksi/2009/730/article/4/5)
[^key-ebb7e5572b38bafa582eff6cb3440dff]: S. 125(4) substituted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(2)](https://www.legislation.gov.uk/uksi/2009/730/article/5/2)
[^key-2e280db0f7d4f1e65ff2d8535bf943b1]: S. 125(6) inserted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(3)](https://www.legislation.gov.uk/uksi/2009/730/article/5/3)
[^key-1a8bfa36af2ff5418bc68736081e3476]: S. 158(1)(f) and preceding word inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(2)](https://www.legislation.gov.uk/uksi/2009/730/article/6/2)
[^key-2ec0e4827479a16cb7365618644582b6]: S. 158(1A)(1B) inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(3)](https://www.legislation.gov.uk/uksi/2009/730/article/6/3)
[^key-8952824b2855288ab6b5083b1bed19a2]: Words in s. 223(3)(b) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2009/730/article/7/2)
[^key-699ed7718a6224f635c3a612e639feed]: Words in s. 223(3)(c) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2009/730/article/7/3)
[^key-e82de83764af4d3cb35fb7648e583a4e]: S. 223(3)(d) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2009/730/article/7/4)
[^key-158bd70398fcfe70d9e8bd3dae0a4316]: Words in s. 223(3) substituted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(2)](https://www.legislation.gov.uk/uksi/2009/730/article/8/2)
[^key-5673ec60b5e85c744b2901a89100937d]: S. 223(3A)(3B) inserted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(3)](https://www.legislation.gov.uk/uksi/2009/730/article/8/3)
[^key-70422e9e40709e99f1e250950d4f8cf4]: S. 225B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [9(1)](https://www.legislation.gov.uk/uksi/2009/730/article/9/1)
[^key-3ab724ec134cf6b24ac0e1f201914287]: S. 225C inserted (with effect in accordance with art. 10(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [10(1)](https://www.legislation.gov.uk/uksi/2009/730/article/10/1)
[^key-bc2eb34cc93aad618e32831c62869f7c]: S. 239 heading substituted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(2)](https://www.legislation.gov.uk/uksi/2009/730/article/11/2)
[^key-2484b95d0ee9c451a21e3c8e6b60332e]: S. 239ZA inserted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(3)](https://www.legislation.gov.uk/uksi/2009/730/article/11/3)
[^key-ca563ae10bf92cd42688b032db50f4c6]: Words in s. 258(2) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/a)
[^key-ad0529ca4cc7754be8d0d6df29fdd695]: Words in s. 258(2)(a) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/b)
[^key-8d94207f45c3e1a413cf1a6e45978958]: Words in s. 258(2)(b) omitted (with effect in accordance with art. 12(2) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(c)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/c)
[^key-bca43ff72075129ba5ba54d83e2b9bdb]: Word in s. 116B heading substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-622175623c83a1c0f0939bc46ed746d8]: Word in s. 116B(1) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-244dabc16ff7c647159c7a74256471c1]: Words in s. 116B(1)(a) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/3), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e72024702cc06837beb040e230c07b15]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/4), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-97549df711002e3032581dfbce499233]: Figure in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/a), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-a5d5cd115d2204f6cc40ae8c23039025]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e0c64c75d6551248230e0f994d37ad34]: S. 171(3A) omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/9/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-5e193b47c09b886f97c3763f3465be02]: S. 116B(1) modified (with effect in accordance with Sch. 24 para. 14(1) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/3), 15
[^key-d98fcb428c3f3cd3c20eb6d2590d5102]: S. 287(3) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/14/2)
[^key-392cc9515ea9530e1b58df81192664ed]: Words in s. 14A(3)(b) inserted (with effect in accordance with Sch. 27 para. 15(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 27 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/27/paragraph/12)
[^key-7ecce0feb1f68805fff86c02d5afd4d7]: Words in s. 25A(2)(a) substituted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/2)
[^key-84cacdb89d68ce6ea02bb4dda4d50632]: S. 25A(4) substituted for s. 25A(4)-(4D) (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/3)
[^key-57ec65eda28c5c0f6c36966317505da5]: Words in s. 25A(5) omitted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/4)
[^key-bf71670aadc3e7ab4fc8e8705174aa81]: Word in s. 35(3)(c) omitted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/a)
[^key-01d259715296bb1644d8bb7b2179b389]: S. 35(3)(ca) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/b)
[^key-c0ac79b17980b87f1cb49c3cdf18b5f6]: S. 55(5A) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/3)
[^key-31caa657f388b1a9ea9a99c3d852de0f]: Words in s. 175(2C)(b) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/4)
[^key-e2c75e34fffcab7929914f5e66df3f10]: Ss. 171A-171C substituted for s. 171A (with effect in accordance with Sch. 12 para. 5 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/12/paragraph/1)
[^key-0d2aae42ff4cc78a885c59f888b1be86]: Ss. 195A-195E inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/5)
[^key-071710195256a5cfff74ede9ba3b288d]: Words in s. 196(1) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/3)
[^key-3ead711627a69772a6594316dd1c30d3]: S. 196(1B) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/4)
[^key-4ac00c56c672552fdc81d60afb635a26]: Words in s. 196(2) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/5)
[^key-2fbfa30392b4e5ce317c45e906a52719]: Words in s. 196(3) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/6)
[^key-44c189e139afcbb0450c97fb9af25f89]: Words in s. 196(5) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/a)
[^key-b1b3bdf62374e2c97aa31c8daf923b21]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/b)
[^key-dc38ead3c6e8c80afac3ad1a172d1f91]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/c)
[^key-58301cec8f061ea46d62e8ad88e91f3a]: S. 198(2A) inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 11](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/11)
[^key-c32d6463e84a7740d0b379c840b6e96d]: S. 198(3) substituted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/10)
[^key-22b7c1e71272dc3ca926fc06b3d3ec58]: Words in s. 196 heading substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/2)
[^key-b5860f8d292feb332d076a83451242de]: Ss. 198A-198G inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/12)
[^key-390876040949e70dacaecbb8514c265b]: Words in s. 263B(2) substituted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/2) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-1d9bfd124826fede6a94043ac0924bc4]: Words in s. 263B(4)(a) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/a)
[^key-0902e8294508a0dfe45914895454869a]: Words in s. 263B(4)(b) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/b)
[^key-08c9273ce81b92dcf2d918f8736e9c4c]: Words in s. 263B(4) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/c) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-8326ee60fc791dc0f48ef7dab5765d94]: S. 263CA inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/3) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/3))
[^key-c95c78a108895a043567c241a1531c87]: Words in Sch. 3 para. 1(2) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/7)
[^key-63dc2513f864980d52309b26790e5b66]: Sch. 5B para. 1(2)(g) and preceding word substituted for Sch. 5B para. 1(2)(g)(h) (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/2)
[^key-ea776f18efaae407ebbfbddafd3029df]: Words in Sch. 5B para. 1(2) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/3)
[^key-e6bd32a22fd4fd6d98a9e459a19e17d3]: Words in Sch. 5B para. 1A(4) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/a)
[^key-79f0260654f30f0aaa7576a49d5e80fe]: Words in Sch. 5B para. 1A(4)(a) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/b)
[^key-f8f9373d99b2eb7d8d631a7eac81ca51]: Sch. 5B para. 1A(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/3)
[^key-4b335a28d59a82c1f2b98a6805acaa73]: Sch. 5B para. 9(1)(1A) substituted for Sch. 5B para. 9(1) (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/2)
[^key-cf97cc9610579647a70ac41a8f5dd58f]: Words in Sch. 5B para. 9(2) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/3)
[^key-2a8e67ec5354ecb9e71e6a9bf476acab]: Sch. 5B para. 9(3) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/4)
[^key-b79cf7d3d3ee5641e2d390fd4f614223]: Sch. 5B para. 16(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/5)
[^key-cef46be1859c2ba67572882ef863191d]: Word in s. 169E(1) inserted (13.8.2009) by [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(a)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/a)
[^key-ae0973d07b4677ad7203aea9aee7434c]: Words in s. 169E(1) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(b)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/b)
[^key-4db8f01bf6649539755b7ead52d476b0]: S. 169G(2)-(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 31](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/31)
[^key-f5717e2956135e3e26e8530446858d9e]: S. 235 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 32](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/32)
[^key-3ab2738cdb0c091f1ff8ffde1c7227ba]: Sch. 1 para. 1(7) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-773ddf5ce6c149c2e91c091bb936f215]: Sch. 1 para. 2(9) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-b3a49a1d5bca45d15d049fdf69bd32e1]: Sch. 5 para. 10 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 35](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/35)
[^key-597d0b3c8e04ddb54a10207b211b8463]: Sch. 4ZA paras. 14-16 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 34](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/34)
[^key-ac8c622ad6e2cec0a627304357ad6b95]: Sch. 10 para. 2(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(i)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/i)
[^key-23167c40b83c8d373d4f039ca2908bde]: Sch. 10 para. 2(10)(a)(iv)(v) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(ii)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/ii)
[^key-dfb9963a2e52ef4c52a283fba4b858f6]: Words in s. 61(3)(a) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/a); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-fbe19c8030857666cc46931cd1415f41]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/b); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-12c0408f75be600c99e8d9713347a400]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/c); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-b974f25819e57e7ecb0a7cfaaa60454b]: Words in s. 170(9)(a) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2009/1890/article/3/2/c)
[^key-c76077acd3c8beed07c526b7fce7968e]: Figures in s. 176(3) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [9](https://www.legislation.gov.uk/uksi/2009/1890/article/9)
[^key-842ca43789f8c45557e370f67927bc32]: Words in s. 239(7) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [4(1)(i)](https://www.legislation.gov.uk/uksi/2009/1890/article/4/1/i)
[^key-8abf0bf0872d6f41ede4b8fc219fe0ae]: S. 179 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2009/2971/regulation/17), [18(3)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/3)
[^key-27324177db382e3c2cd1572ceea81831]: S. 179 modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [18(4)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/4)
[^key-bcfb8945f2e9fd83b2cf3d3eed89d06c]: S. 272(5) applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [10(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/10/2)
[^key-354e5f9a4bcafa9fce433da3cae89e5a]: S. 12 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-9e8bc05e6c5bbae2a541e2c553795735]: Ss. 87-90A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/4)
[^key-25b9c1da002b88b447d1d5f3a2e500bc]: Ss. 96-98 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-15184be5d5ee5ed29bc4ef36d32f542f]: Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-2f57ab9b70280ec5e5d37093965a526b]: S. 2(1) applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/a)
[^key-610ce6d0fea0b593827515ffdc9cc6a2]: S. 10 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/b)[(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/3)
[^key-ef9737aef9c4c4f350c75fa880131e54]: S. 10B applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(c)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/c)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/4)
[^key-939a37758c40b0daff266947f2f08a30]: S. 10A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2009/3001/regulation/23)
[^key-24d7889432d136dc6face55782d62ac9]: S. 13 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2009/3001/regulation/24)
[^key-c07d3ffa8a4f4178040d79532f85962f]: S. 62 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [34](https://www.legislation.gov.uk/uksi/2009/3001/regulation/34/2)
[^key-edd83b2de45b4f33b1fbe7f60998b3a5]: S. 127 restricted (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [37](https://www.legislation.gov.uk/uksi/2009/3001/regulation/37)
[^key-29e5e150f583415acd532801ad7c42bb]: S. 16 excluded (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [42(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/42/2)
[^key-ff5cb1001f2c641202e40640c0818dae]: S. 104 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [43(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/43/3/a)
[^key-c7cbd1407e02c9dd88d5bf75e28d0f93]: S. 37(1) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [45(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/45/2)
[^key-d3d31fd1516cadb2502dbafd1cd25a13]: S. 162(4) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [46(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/46/2)
[^key-6558f3e5c3f2e13e49b9cebddd64637e]: S. 128 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [47(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/47/2)
[^key-cce328107c77d5b09531193eafd7dd9f]: Words in s. 108(1)(c) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/a), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-7cd185befa69f5eb48a9a91496e4ad4b]: Words in s. 108(1)(c) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/b)
[^key-9fee6ab9a1e476257c7f5fd7dfdf8938]: Words in s. 212(1)(b) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/a)
[^key-2d056c1bb61829212161f7007a58e6d4]: S. 212(5)-(7) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/b), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-b98061b0ea663b640d78966168ced34c]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/a)
[^key-1f807ae84a81232af87308e090df8038]: Words in Sch. 7AD para. 7(2) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/b)
[^key-0da77b85f412c06638f5c5c1bc44c1c0]: Sch. 10 para. 14(63) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-efabcb47f77b8bbb4b9a9224e58ea22a]: Sch. 10 para. 14(43)-(49) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-1ff942f3392bcff11560417d8a5b0ad7]: Act modified (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [reg. 3(1)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/1)
[^key-cc258e11ac8b14a1805b0c1728850b4a]: S. 288(3A) extended (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3227/regulation/1), [3(2)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/2)
[^key-47989847039c135439eb58d3ce6b41fb]: S. 2(1) extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cda4715377344cbddead5e2724ffa2da]: S. 10 extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-b2aa8f5770bf60e7dd4e3533dbcbae70]: S. 10A applied (with modifications) by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85P (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-2079dd3b90ded72aa357f9dc9b83ecb8]: S. 10B extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ba5b590a6d776ead0ae676bacf6a5f28]: S. 16 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z4 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f3aa77bc6dac57b0186ac65332f84fbe]: S. 62 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85W(2) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-a42e03bd15fd22a92c2b8c8cea03936c]: S. 128 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z8 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ce6ac0460dd43e08b71c26d09618ac72]: S. 135 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85X (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cae86b50ab3d06d33edca267e1e6e200]: S. 136 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Y (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-6a1df202dcb12410b76fcf4393851ea2]: S. 162 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f0167c342e737649b86d258ad50ad3a5]: S. 162(4) modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z7 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d2b6d8cbf88539f870ca06f7d2931633]: S. 165 modified by S.I. 2006/964, reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294)](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d34eadb56950761146661d2c82ac3e04]: S. 260 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-9cced852d460cf4f443ba8ec6287c36c]: Words in s. 287(1) substituted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4edca7e4a1bfa8ccaa47ddc0d41cec8e]: S. 287(2A) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-facc05574d35cfdd734b1c6f0e9981b0]: Words in s. 288(1) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 319](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/319) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4266de9542ef073c6fce2fc2a27d4d7b]: S. 105 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0c7aff1b85dcce72bdb09070f5b85a4c]: S. 107 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5f6081cea6f8efe23af6969a115c8d5b]: S. 48 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 208](https://www.legislation.gov.uk/ukpga/2010/4/section/208), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ba322f149898daa927e7e72203805ffc]: Ss. 272-274 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 210(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/210/1), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8d376f8f74d5b6f4224b95f4a78d3854]: S. 256(4) excluded (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 515(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/515/7), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-93090c07391e5e1773a063bd34e22765]: S. 171 modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d3cf525108c50c202bdf8723c8304c79]: Ss. 171A-171C modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-185badb0f3e95b05806b02221f051036]: S. 170(3)-(6) applied (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 996(3)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/3), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d1df36a1652a9cad6391941c440e8928]: S. 103A inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/8); S.I. 2010/670, art. 2
[^key-407ead90697e6339d3114629d9a9592b]: Word in Pt. 3 Ch. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); S.I. 2010/670, art. 2
[^key-08df6050dc651264a65e3cee3044d3df]: Words in s. 288(1) substituted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/10); S.I. 2010/670, art. 2
[^key-8a3a002645da75cf42b2f7b0979acdba]: Word in [Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/3) heading inserted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/12) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); [S.I. 2010/670](https://www.legislation.gov.uk/uksi/2010/670), [art. 2](https://www.legislation.gov.uk/uksi/2010/670/article/2)
[^key-9e753db6f12cb524275f0ced258de330]: Words in s. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 226](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/226) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fa3e4f20908eb27f5cd9497f1e9fcf84]: Words in s. 10(4) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-f36984940d55d191861f4e4cab456d4a]: Words in s. 10B(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-5e088d0eceafa0e48c3ddc6249cb61ff]: Words in s. 13(12) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 227](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/227) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-74c12f4f97cc5db9fe2af334d2afe8c3]: S. 37(5A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fbad9607b9f2d442e2ca3a382d57ef89]: Words in s. 37(2) added (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 231](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/231) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-8550bf2cc9e55ee0c10db44131720764]: S. 37A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/3/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c9c9bb0df0666fee6531dfe7dbdbcb4e]: S. 39(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/229) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9a68d6bb8c3d0093f56f6d567c8c7bf]: Word in s. 55(6)(a) omitted (with effect in accordance with art. 7(4) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-803356622767a15267c3af65a79924e8]: S. 55(6)(aa) inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-b24e889286f9da876c3bdf2328703946]: Words in s. 59(2)(b) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9fd4606627d0f0e29040d5267316604e]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a65e5176b3b1983fedd5c4b65837371a]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c3700b6ed625fc35386d67b9cb8792b]: Words in s. 96(10)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e807132473b660ad1560eb32c2b5a69]: Words in s. 99(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 199](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/199) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-40f48405aa481901b0316f59387cb55b]: Words in s. 108(1)(c) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 164](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/164) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-d1ba10c12c2e01077df38a1b0b54980f]: S. 117(6D) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 200](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/200) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e2cc3ac834d2c55b965e3fb294a33e7f]: Words in s. 117(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/231) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50fdb3d368d5eac2cb36f93d278b53f4]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9e9de111f2ede66f4089cd395a0127d]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-450c77f9a59b56bc2e20eb7fadeabde0]: Words in s. 125A(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0e01c51ff649f73e1111dfce815efeaf]: Words in s. 125A(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-400805aaba06ffedad14b9789125a726]: Words in s. 135(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-398b9aef8e82809f6649b60c6ed1ea57]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a9dabd70c5800a8686c9aa00135f0306]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-df79fc617d062e2925058335991be118]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-dda96e64994348384751f8d0e794fa60]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-6804e1e1cf56806b630b232f36a170a8]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-ca2e5abc1437b21a5c8dd76cc3de3aca]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a91684c7f56b11883b3731294c32d6b2]: Words in s. 140L(1)(c)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/235) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e7fa838e7f78081aa556aec6841f8643]: Words in s. 151BA(10)(b)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5c86d9ef1177922f7f90e82d5bfa921e]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50f5b0c53ca5ac32fd0259ec0625413c]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7796aa1d83f8813c30867783d33ed94c]: Words in s. 151BA(10)(b)(iii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3ccd75c47a22e805a8505a656a5bf353]: Words in s. 151BB(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3fa660fe42f576c7cbe51db26d1d6fb3]: Words in s. 151C(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8278b15c0471b4c8b53ce6bb49160338]: Words in s. 151D(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-16361d65b9075490ac907bf84952b23f]: S. 151F repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 201](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/201), [Sch. 10 Pt. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-554034506f295e44202101178969441b]: Pt. 4 Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_e2972858-19a8-4ed4-ca31-eeffafc6d452]: S. 151I inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 29](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/29) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fdc3c3e3-2ac3-428f-c76c-a161c869348f]: S. 151J and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/30) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_02c42ed8-0d20-4bdf-a6ab-17a4b53b9547]: S. 151L inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/32) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_d2cef17f-44d7-4eb6-a21a-72524ce9544c]: S. 151K inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/31) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_015bd60e-9046-40b3-bc46-97440d3d2925]: S. 151M inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/33) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_71e335a0-1fe7-4f7e-99d0-3e5bb711918e]: S. 151N inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/34) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_7db55573-09f7-43cd-a679-aad5ab1a5714]: S. 151O inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/35) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ebcd6eab-b60c-4e65-aad6-a28bc7bd77f4]: S. 151P and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/36) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_176dbd95-7963-4642-a243-a2b1b65bd3b4]: S. 151Q inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/37) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_1fe5bfae-7848-4074-b0a5-50ca4f832461]: S. 151R inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_416545a9-5265-4334-87d7-1105afebcaeb]: S. 151S inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/39) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4fe50031-dc7f-431d-c7a1-cf7d07893eec]: S. 151T and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fe10cdde-9ed7-431d-8919-9bddac0ce913]: S. 151U inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4b61305e-71a2-431f-a73f-0e3a07f2df4d]: S. 151V inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_841eeb5d-b63d-4992-b66c-0b2518d21e0f]: S. 151W inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ae68e326-ed1b-4ba0-e1d0-ebd49bf2686a]: S. 151X and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/44) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_55d17d2f-bc63-4240-9d1d-785fae29c8c0]: S. 151Y inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/45) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a884ff15ff70435712ebe970051ef985]: S. 151T(7) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Taxation (International and Other Provisions) Act 2010 (Amendment) Order 2010 (S.I. 2010/2901)](https://www.legislation.gov.uk/uksi/2010/2901), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2901/article/1/1), [2](https://www.legislation.gov.uk/uksi/2010/2901/article/2)
[^key-bdebe8b2c78c6dae079d4a8d0fc9ae96]: S. 161(6) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/240) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ff1a39ddde65c7753dfcb677e603ed98]: Words in s. 165A(14) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/241) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4cfe999d8dce3afaa50f8ccff1c41141]: Words in s. 170(2)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b88689aaff6dcc5deee95cbf1eaf2d5c]: Words in s. 170(6)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8234aa6ed3994f0536e0407dc10dbce]: S. 170(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-9462d010f64110e04247abaa4e96221f]: Word in s. 170(8)(a) omitted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(a)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/a)
[^key-1534a3ea00b7011ef7dfa7296b7c119c]: S. 170(8)(aa) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(b)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/b)
[^key-b63af56532fad81819bbeaffd2f772b6]: Words in s. 171(2)(da) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 243](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/243) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3505c5561b9ec0cb31bb0474f46c6695]: Words in s. 179(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c7e5de782f7dbd3a1b853042d880042a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3341421db86ef9a492d1d22916cbd55e]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-654eedb85ca9bd2cd343ddf103a9e67a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ee17d5bb5192a2f8b563476d2cca4589]: Words in s. 184H(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 245](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/245) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d666b17d0b80246e29477893218ae2c0]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d96ce1eea38d66583fac10cb8597b4d5]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ca4c125d0d999dbfed64fb8e99023d00]: Words in s. 192(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c66e97e42e99bbf85e1100c91d94e8e]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-377cca624cf222c755b2031de3f9ed81]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5239cda659e4198707da88cdfe21557a]: Words in s. 198(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 248](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/248) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d47973f8ca422236c3f5b39658b155a4]: Words in s. 203(2) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 29](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/29); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-9226e0a12c9cad4515c01dff8eca357b]: Words in s. 212(1)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 249](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/249) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e212b12fb34d64154469d04172d77ab]: S. 217D and cross-heading inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 250](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/250) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3360bc906e81d1bbe277aea8188e847e]: Words in s. 218 substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/2); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-4acae086b164ccebe938da867771261d]: Words in s. 218 substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-769150bbede5b933d4a136721a87550c]: Words in s. 218(1)(a) inserted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-99a3c4ec023252c7a456728dfa61aedb]: Words in s. 218 cross-heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(5)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/5); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-477d013601354072a625617447b18d8f]: Words in s. 218 heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 17(5)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/17/5); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-4d3e34955c8affdae901ac7cd97936b5]: S. 219 heading substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-e59a4108c7031637c1540ec154348715]: Words in s. 219(1)(a) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-6b6e0cbf14015cb9ca67e906bc2cd5b5]: Words in s. 219(1)(c) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-d4f174813e8386ae67593a2c78569f53]: Words in s. 219(1)(d) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-68c707cf196001e624811382982ed310]: Words in s. 219(1) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(b)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/b); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-b6752d905a28e4b5903ce37dbb787874]: Words in s. 219(1)(c) inserted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(c)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/c); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-de9ea958403d09d9f4d648c3ce616d92]: Words in s. 219(1) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(2)(d)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/2/d); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-d121465409679f40342ae8ac4f549dfe]: Words in s. 219(2) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(3)(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/3/a); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-e273258b8a9c23cf9e3318ada97930d5]: Words in s. 219(2) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 18(3)(b)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/18/3/b); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-762c1a59cbb0f80eab05741447a8bbc4]: S. 228(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 252](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/252) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b0be2c0999c7388e933841ec5964cbe8]: Words in s. 239(7) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 253](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/253) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8ce61830d4f2f7f42d9230f9823dbdc0]: Words in s. 253(4A)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 30(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/30/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-6a0aa4800f788df0c9451cd3c75a2d79]: Words in s. 253(4A)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 30(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/30/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-500328ef6bfb0d70c5ab959b6782159e]: Words in s. 256(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/2), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-bc599962671daf9fb4ce7c491367e1e3]: S. 256(3A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73e4b975e4c159d43df870d372ccc5bb]: S. 256(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8759b2d3d9be76ebc312d015562fcd0]: S. 256(7)(8) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 254(5)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/254/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-40baeb671e3e266e4675970ebf580529]: Words in s. 256A heading inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 255](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/255) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7755022a5de186958768f1b3fcf1633e]: Words in s. 256B title inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 256](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/256) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e61545d7c59985ad3e56e64a52e18d7c]: Ss. 256C, 256D inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 257](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/257) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-81e4694224c6d7082cab47df89b1f348]: Words in s. 257(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-cce71a64f986cf62309dba59d8e750a7]: Words in s. 257(2A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d0dc1aa1197803062a983728ad065622]: S. 257(2B)(a)-(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4da03a015c08a7d910e14828a3f36f9a]: Words in s. 257(2C) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(5)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/5), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-28c3a985e2c1d1f609a6bfc9fc41d2a3]: Words in s. 257(3) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(6)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3611fef9f70b6daadec27e68b4077c55]: Words in s. 257(3) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(6)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4438bc20c2750ae166a3129922c38a5e]: S. 257(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 258(7)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/258/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a7052c95cff7b1c5a89f86e2309bf24]: Words in s. 259(1)(a) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/2); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-c8f8cc0477819a0304ee2f80efda4817]: Words in s. 259(1)(b) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-55d0f334973109bc9506b2f3f3f8e1b7]: Words in s. 259(2)(b) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(3)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/3); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-6c41ce3b7e57ffeba455d44d52751d9f]: S. 259(3) substituted (1.4.2010) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 9 para. 19(4)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/9/paragraph/19/4); [S.I. 2010/862](https://www.legislation.gov.uk/uksi/2010/862), [art. 2](https://www.legislation.gov.uk/uksi/2010/862/article/2) (with [Sch.](https://www.legislation.gov.uk/uksi/2010/862/schedule))
[^key-ab38fcf2004f3e5b9816ca43681e1761]: Words in s. 263E(1)(a) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-79e778d6ebfed5f7191ec3b4795b54ae]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cc5f9e2399e52c455b27915d81a699f8]: Words in s. 263E(6) inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(4)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/4) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e43cfefee0c9492890e7052ce2552def]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(5)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/5) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c36b5ac8119a98b3a0e2652028a78911]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(6)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/6) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a6f12f395329a14f0ad5729c1efac7ec]: Words in s. 263E(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 260](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/260) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-26c6c0d9326891d1f93e85d7b8f0b881]: Words in s. 271(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-888bc7015402221c78d7405234974e9e]: Words in s. 271(6)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1d03972a07916d56c05600371d7f8ae]: Words in s. 276(2)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 262](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/262) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5982316e786459b86dd1bbca76bed96a]: S. 277 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/45), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-0a47500c654fda9c28c14a02e5a35563]: S. 278 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 46](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/46), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-7f1a1ea48bd5b8ff51cc5fd588c31c3a]: Words in s. 279(5)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-52f55f47561c37046a1158bb0b329528]: Words in s. 279(5)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-643ab9e50514460beb215a103cb993dc]: Words in s. 286(3A)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 263](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/263) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fe1de5f3c103f55a9b92356e326a713e]: Words in s. 288(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/47) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-2d6c6495e4231d33f2fbd4735731ea09]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a541261f5d562c4584209ffc551f8fee]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ec2d66ad6b99182d5b31f2d5057ae6fc]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-693eee3fd96f6288b7e4f42cfa9f55c5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(d)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-aa49fd8526bd132baa90efca7f2147ef]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(e)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e597dff440ee8c7dd4ad8dd590c016d5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(f)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-285abd80384872cf9aa7537454075e2a]: Words in s. 288(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(g)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6f30c061611ffe1fbe8f9125548432d3]: Words in s. 288(3A)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d81b5ff9811801b63a35eb4cddaf58c5]: S. 288(3A)(e) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-196aba22eed3b269877432871e3e6c61]: Words in s. 288(8) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 202](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/202) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-486b2ef49ea7f18e34cbfef66ee55b81]: Ss. 248A-248E and cross-heading inserted (with effect in accordance with art. 8(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [8(1)](https://www.legislation.gov.uk/uksi/2010/157/article/8/1)
[^key-2c52cf27be032c869a0727f1d7b1299e]: S. 268B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [9(1)](https://www.legislation.gov.uk/uksi/2010/157/article/9/1)
[^key-f021fc1d165d23551599defa253867a1]: Words in Sch. 3 para. 7(3)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 265](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/265) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73ea8674a133bdec77aec5503ac4f35c]: Sch. 3 para. 1A inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(3)](https://www.legislation.gov.uk/uksi/2010/157/article/7/3)
[^key-0003ac38f1bf47c0c40f92d9eda55052]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-11a2100693c1466990fa5c8c2dd9c845]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b5ec147617e82f14abd0bfb7dd61e9f6]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1bcd5e7856fbec78da951d738dee18de]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-eeb122a21b22a4aab8854ed51a58751d]: Words in Sch. 5 para. 2(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-054d6182aea4486c5359a2ce7332f59f]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab9bb2709deb11cca53f9febedd8f806]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0559f42380d963495ed3c66689883959]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-47eda05d9710662a281db9c7e83f5921]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4f64ff6e341a7740f60cd704549aee85]: Words in Sch. 5 para. 2A(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d7bbd29d595da013dd3a96c6058e1195]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1f95e3543bb5d39a0d22c38c11809d0]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-632b3ce5ba78954beae956860f2e1945]: Words in Sch. 5 para. 8(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-88cea614e42865149f305551f6d6453b]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3a1b7d636def9e76a3e52dbd3b9cd41e]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a0b42e7c279aa342702f9b27016aa0c]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7304f1866bb5c387f460fce4a858158]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a3c634eebb816ace19fb32d4f105c3e0]: Words in Sch. 5 para. 9(11) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-459435e4514bc2cce5b4d4bb8c326107]: Words in Sch. 5AA para. 4(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6eabe71b875174963ac04ce15ae7d43d]: Words in Sch. 5AA para. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-90466fc45498b2c7099867d52e44cf65]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4ac89ee10e391230c7f273dbe0bdedda]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1c256cce464613fcf8b396987d3fffbb]: Words in Sch. 7AC para. 5(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7de2c1469e84e8cc147ee5b840364b4]: Sch. 7AC para. 8(2) substituted for Sch. 7AC para. 8(2)(3) (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-24b63841d74bbb4a4e08b1f3653dd668]: Words in Sch. 7AC para. 8(2) substituted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/3)
[^key-540877340414267cd069fd6cd9479452]: Words in Sch. 7AC para. 17(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e6a494af4bc924fc835416b7d8eecba1]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-62a86c30fe8b927c147941eb6915b9b9]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-69434fe0e85433febd0f5aefbbeb1838]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 166](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/166) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-3d855a28a891e2ac575b84002f6df501]: Words in Sch. 8 para. 9(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 244](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/244) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-685dfa50134d9d0cbce999fdfa170f2c]: Sch. 10 para. 3 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cff185289988f339d82da44f2f80bb85]: Sch. 10 para. 14(19) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a6978fc43f2e05f1698da09f29e8f756]: Sch. 10 para. 14(14) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0b78e26be6f44c126d7db23565089140]: Sch. 10 para. 14(20) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d4ae496ab0f5862288a64b6e51286d28]: Sch. 10 para. 14(32) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-acee1e8f73e45fd72a8f3427de367d79]: Sch. 10 para. 14(51) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-85f99df33e4b3cff5f3bff813e42154f]: Sch. 10 para. 14(54) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-89dbdb28fc4e0c77885987a4b0f985e9]: Sch. 10 para. 14(55) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-01f7cbcc85e1d2ae365a6da8a51a5837]: Sch. 10 para. 16(6) repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a85692ecc28106f774233f450fa3d54d]: Pt. 4 Ch. 4 applied (with modifications) (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-39cd41ece8d3464d025358ed47b6e41e]: S. 151W(b) modified (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9d2266cff61c51d6e733a53fa72156c3]: Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 6 Pt. 2](https://www.legislation.gov.uk/ukpga/2010/8/schedule/6/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-36cb4cd87b9bcd02ba09f79afe0d7eb3]: Words in s. 140(4) substituted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/a)
[^key-f6adb31ad7de0adf5588d5ab4fa20f19]: S. 140(4A) inserted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/b)
[^key-b2eec19dc7a5575befe590ec4da71443]: Sch. 7AC para. 35 omitted (with effect in accordance with s. 37(3) of the amending Act) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/2)
[^key-bc279a1ba044257ed395db94fe53eb1d]: Sch. 8A inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2010/13/schedule/9/paragraph/2)
[^key-f4fb6dc4a620d33114dd9c46d7919bcb]: Words in s. 169H(1) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/4)
[^key-4a46493a1659aa2d4eed7de8bcc40e20]: Ss. 4, 4A substituted (with effect in accordance with Sch. 1 para. 12 of the amending Act) for s. 4 by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/2) (with [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/18))
[^key-650142c95da88c84a5037548ddaa110d]: S. 169N(2)-(4B) substituted for s. 169N(2)-(4) (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/2)
[^key-667849f682dfbcbcc940de3c3f954f49]: Words in s. 169N(7) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(3)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/3)
[^key-19df34405faaaf2f505544189fda1401]: Words in s. 169O(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/6)
[^key-b52a78edba90493908cee038a0a89082]: Words in s. 169P(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/7)
[^key-31c1de9894434392ef5499d0cc1802db]: S. 169R substituted (with effect in accordance with Sch. 1 para. 15 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/8)
[^key-8612bfe2191f24160a96041f269896fc]: Sch. 5B para. 1(5A) inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/9/2)
[^key-8761bb75553550df1911883531245e13]: S. 22(4) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/2) (with [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/3))
[^key-1e992296c0fc4ef8c22c8167cf5e7218]: S. 122(6) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/3) (with [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/4))
[^key-1df7283444504b4d887f698c5c686c44]: S. 223(8)(aa) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/1)
[^key-47ba1b837c82e29ec488a70281acd9bc]: S. 224(4) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(2)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/2)
[^key-62445f6b6d3001fa675a73d9544cba13]: S. 225D inserted (with effect in accordance with s. 16(4)(5) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(3)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/3)
[^key-bc0f627f676ff20f457d5e02f4955b46]: S. 198H inserted (with effect in accordance with s. 17(2) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/17/1)
[^key-8ac7ad9c3f62d66d964ae9a5a9a75c94]: S. 142A inserted (with effect in accordance with Sch. 4 para. 12 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2010/33/schedule/4/paragraph/1)
[^key-373f5965a671396a7e06a325d96dd286]: S. 26A inserted (1.2.2011) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 39(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/7)[(8)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/8); [S.I. 2011/23](https://www.legislation.gov.uk/uksi/2011/23), [art. 2](https://www.legislation.gov.uk/uksi/2011/23/article/2)
[^key-7560e22e2f77a5fef4de439618bf1b70]: Act applied (with modifications) (8.2.2011) by [The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)](https://www.legislation.gov.uk/uksi/2011/245), [reg. 1](https://www.legislation.gov.uk/uksi/2011/245/regulation/1), [Sch. 6 Pt. 1](https://www.legislation.gov.uk/uksi/2011/245/schedule/6/part/1) (with [reg. 27(a)](https://www.legislation.gov.uk/uksi/2011/245/regulation/27/a))
[^key-8673b85ff65de819c4cc92516ea5c995]: S. 283 restricted (1.4.2011) by [The Finance Act 2009, Sections 101 to 103 (Income Tax Self Assessment) (Appointed Days and Transitional and Consequential Provisions) Order 2011 (S.I. 2011/701)](https://www.legislation.gov.uk/uksi/2011/701), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2011/701/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2011/701/article/4/2), [5](https://www.legislation.gov.uk/uksi/2011/701/article/5)
[^key-752d9e89ac08a96a68473d8a2603e53e]: Words in s. 103A(2)(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(a)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/a)
[^key-1b17926d5cf21c6553314528c3d8eecf]: S. 103A(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(b)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/b)
[^key-ce2da81b0d29010cea33f1f7f02879fb]: S. 103B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(3)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/3)
[^key-e0aa11378e1e5c03677cda3066819b01]: Words in s. 106A(10) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(4)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/4)
[^key-39ea01874d6d6c291db7ab6543ac7c8f]: Words in s. 140H(2)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/2)
[^key-a5c75822af8ebe34935cdac8b07d1561]: Words in s. 140L(1)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(a)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/a)
[^key-55af64c64f8fb4400f10a160a6fb58b9]: Words in s. 140L(1)(b)(c) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(b)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/b)
[^key-49845525f83be0d1feeb6c208297d12a]: S. 3(3) excluded (for the tax year 2011-12) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(5)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/5)
[^key-502d89f36e53ab982106bff2c428122a]: Act modified by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 363A(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/363A/3) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 59](https://www.legislation.gov.uk/ukpga/2011/11/section/59))
[^key-d909ae6f3c684429770ca5ae79d3fba6]: S. 170(2)-(11) applied (with modifications) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 554Z(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/554Z/5) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/1))
[^key-32a3f0f46cb1bff8f0066588ca793431]: S. 3(2) substituted (with effect in accordance with s. 8(4) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/2)
[^key-db6f54c70aa0f8ed68275d5754fd104e]: S. 3(3)(3A)(3B)(4) substituted for s. 3(3)(4) (with effect in accordance with s. 8(6) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/3)
[^key-94bf92cd2be947b863f98c7ffbc433ff]: Words in s. 30(1)(a) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/a)
[^key-7f0b230df1bd7c16526962bad43693f8]: S. 30(2) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/b)
[^key-92e1153d7fc868caee1deb62af8c9af1]: S. 30(8) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/c)
[^key-ebc5ace92d22f0d413af07b33e4076e4]: S. 31 substituted for ss. 31-34 (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/2)
[^key-e88ebcf030b354e47752ff36db96224f]: Words in s. 119A(5)(a) substituted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/a)
[^key-242b8910f0ce53b1e6a325adf8261f0c]: Words in s. 119A(5A) inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/b)
[^key-e82ae11844a45af18eaad6f28938a82e]: S. 119C inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/3)
[^key-030c1d8a5b2916a0e924c0afa2af7627]: S. 139(1B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/1)
[^key-a172b91f5029a6e4c8b88b6943d80cf9]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/a)
[^key-68b376e3e6c9019915ab2d161bc39209]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/b)
[^key-532320a4826b36c23e7b5271afb63bed]: Sum in s. 169N(4) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/a)
[^key-3f097b3d736d54ca3f277a3741c088ee]: Sum in s. 169N(4A) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/b)
[^key-749f1a3b09300512f6302e5649b23858]: S. 171A(7) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/2)
[^key-893231aca8e7035dc1cce35c4ff34cc8]: Words in s. 176(1) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/3)
[^key-92d88e1efdd814c8d1731a228fcd020a]: Words in s. 177A omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/1)
[^key-0d1b365e1ba6d4872e1d3c0893bf72c6]: Words in s. 179(2A) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/a)
[^key-d8541621120403c6eed1e06886b8453b]: S. 179(2A)(c)(d) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/b)
[^key-ca66bb33c2a7c17abdddc70d6acd9e28]: S. 179(2AA)(2AB) inserted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/3)
[^key-8512b1fd3e30f62a616ccdf4f2032513]: Words in s. 179(2B) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(4)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/4)
[^key-3b5a97be51765ca128892e25776f176f]: Words in s. 179(1)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/2)
[^key-3dc22e6476874783c312caa3472f39b5]: Words in s. 179(1A) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/3)
[^key-0c3fbd9b3b8124a1db6ea35d4f7c08f4]: S. 179(2)-(2ZB) substituted for s. 179(2) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/4)
[^key-d813549a10778f9d23194b32f9d0864e]: S. 179(2A)(a)(aa) substituted for s. 179(2A)(a) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/5)
[^key-2089d2308204e22ff11b67cbcf9b3f90]: S. 179(3A)-(3H) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/6)
[^key-813fe03fe1f9d3a8a67c5d2301ed8ef3]: S. 179(5) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/7)
[^key-1cab605e609141b3b366c7cc5c030fdd]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/a)
[^key-bbc7c9d5930b3639451ffa454838ef38]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/b)
[^key-de72caf99f0adffeb9be02f5683a81a9]: Words in s. 179(7) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(9)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/9)
[^key-c87e1ac7b428ddba94c90fcddc14b7b4]: S. 179(7A)(7B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(10)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/10)
[^key-962fef0a1a5445d4086e978f29b7b127]: Words in s. 179(8) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(11)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/11)
[^key-65f871c227b1fb73cacaabb227bcdc4e]: S. 179(10)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(12)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/12)
[^key-8e936d449486b8d564b0b90a1a9582a4]: S. 179(10A) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(13)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/13)
[^key-e5d08709130902807508b77d720b30cb]: Words in s. 179(9)(b) inserted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/4)
[^key-041b00da76f3971e4746ed830699869f]: S. 179ZA inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/4)
[^key-d3b90d5e9bbe8c1a24cacfcdf4b5ac5a]: S. 179A repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/a)
[^key-a2a91341f45faf3c50ebf8fb752a880a]: S. 179B repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/b)
[^key-5eededc2ccabbe0d1d0d7991c0f41c3f]: Sch. 7AB repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/c)
[^key-b91d2c1672ddbe6e59038eec477d47e5]: Word in s. 195A(1) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/1)
[^key-1dd5993518bd9db4e3e877db33317024]: S. 195F inserted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/2)
[^key-e38fd002a1c2506fdd5e11fc476ab7fe]: Word in s. 196(1B) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/3)
[^key-31de6da00159805b6c65c78b2e69d047]: Word in s. 196(5) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/a)
[^key-943fe7d2369216b7c5aa0898ebc2e8cf]: Words in s. 196(5) omitted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/b)
[^key-05e5d30bea1965c7f50a8a8da4114188]: S. 196(5B)-(5F) substituted for s. 196(5B) (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/5)
[^key-9f55e3e94e6c1a36ab3a517ee7273236]: Word in s. 196 heading substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/2)
[^key-c0292254de4712dd27fa9ac7a68d15d6]: S. 198I inserted (with effect in accordance with Sch. 15 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/5)
[^key-333d5a9655acb1e76bd5ccab2bf57834]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/b)
[^key-d3fdfa76e7b6d7ad67f7cbbdff26426a]: Words in s. 241(4) inserted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/c)
[^key-32e0b9d73e4cacc7b3f27c7cfe070bcc]: Words in s. 241 heading substituted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/a)
[^key-661525b95d1ba4bc847275d82a26e18c]: S. 241A inserted (with effect in accordance with Sch. 14 paras. 15-17 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/3)
[^key-ba01eee616c8de6fd1fe05ab55f2828d]: Word in Sch. 7A para. 1(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/2)
[^key-012c2f1ce502343377490b1cfc8aebc4]: Sch. 7A para. 1(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/3)
[^key-a9791dc9c9040f5d4946030ec182af94]: Sch. 7A para. 1(3)(3A)(4)(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/4)
[^key-86c5aa12bb7212c2defa695d49246bed]: Word in Sch. 7A para. 1(6) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/5)
[^key-a48703f319133d1dd864f835511b1d84]: Sch. 7A para. 1(8) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/6)
[^key-bab206fafe1c9cf82aa044377bab89bb]: Sch. 7A paras. 2-5 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/4)
[^key-febfc85d632acf80c7b9d000a99c0b4d]: Sch. 7A para. 6(2)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/a)
[^key-e3e6d6363c1aa6ddf7029f0308eb0e9e]: Words in Sch. 7A para. 6(2)(b) omitted (with effect in accordance with paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/b)
[^key-331225e3423020275fbbb0e0cb67b475]: Sch. 7A para. 6(3)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/a)
[^key-cc86e5aa2785ff6865fa91bb7400990e]: Words in Sch. 7A para. 6(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/b)
[^key-a8865f833fcc94a48e21ea91f2d2a3fb]: Sch. 7A para. 7(1)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/2)
[^key-d735672544801d405340199523ad5499]: Sch. 7A para. 7(1A)-(1C) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/3)
[^key-428e63cfb421763e8c0616ae8032c276]: Sch. 7A para. 7(2) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/4)
[^key-f88a5cc9d9bfd5fc927c43fcf2c146e1]: Words in Sch. 7A para. 7(3) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/a)
[^key-6284b759ef763814e3e9c2cb495dfe33]: Sch. 7A para. 7(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/b)
[^key-de45d16ee2db436372c91cf1589c9e6e]: Words in Sch. 7A para. 7(3)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/c)
[^key-f32f9ac03eccfdd6d88533f53e2e849f]: Sch. 7A para. 7(4)-(4C) substituted for Sch. 7A para. 7(4) (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/6)
[^key-fbdd6038477818e48f1c31a247723b01]: Words in Sch. 7A para. 7(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/7)
[^key-123c86393ff19e2493cc8d63ee24a8cb]: Words in Sch. 7A para. 7(6)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(8)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/8)
[^key-2b502f0700ee3b025c84f9db2a507f3e]: Words in Sch. 7A para. 8(1) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/a)
[^key-6986d0674ff27d34fa488944c491760d]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/b)
[^key-e5c9d03958a272c6bed1de2940f36e52]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/c)
[^key-172368e5c04770336ca3e79efcf8a0bf]: Sch. 7A para. 8(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/3)
[^key-ff08fbd6b8ccb4193b7a082bfe8dc886]: Sch. 7A para. 9 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/8)
[^key-1555c7d73a896f7a0a5f6b520368cf3f]: Sch. 7A para. 11(3)(b) and preceding word omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/9)
[^key-62e9123d16d389c649dc9214e16d1391]: Sch. 7AC para. 15A and cross-heading inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/2)
[^key-1f8444982b424716cad44e6392b36125]: Sch. 7AC para. 19(2A)-(2C) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/3)
[^key-c25572611b981979dc0c5ca188339054]: S. 276A inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/13), [31](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/31)
[^key-698f2400aa352e84466c4a12cecba361]: S. 257A inserted (with effect in accordance with Sch. 3 para. 27 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/3/paragraph/3)
[^key-7d99c28f206090843440d79750c6c0e7]: Act modified (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 2 para. 1(2)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/4); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-853e6d412ee37b90e2a421b63c1363c6]: S. 288(3A)(l) inserted (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 12 para. 145](https://www.legislation.gov.uk/ukpga/2011/5/schedule/12/paragraph/145); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-8c7d24e162513a458444c82e1bf3805f]: S. 271 modified by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 34A(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/34A/3) (as inserted (15.1.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 224(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/224/2); [S.I. 2012/57](https://www.legislation.gov.uk/uksi/2012/57), [art. 4(1)(cc)](https://www.legislation.gov.uk/uksi/2012/57/article/4/1/cc))
[^key-86e5a09f37872ae9f4c6dffa9ebe18ee]: [S. 122(5A)](https://www.legislation.gov.uk/ukpga/1992/12/section/122/5A) inserted (with effect in accordance with art. 18 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266)](https://www.legislation.gov.uk/uksi/2012/266), [arts. 1](https://www.legislation.gov.uk/uksi/2012/266/article/1), [17](https://www.legislation.gov.uk/uksi/2012/266/article/17)
[^key-546e228f6bc0680ff8080caf2f057544]: Words in s. 222(8B)(b)(iii) substituted (with effect in accordance with S.I. 2012/736, art. 8) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/2), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 8](https://www.legislation.gov.uk/uksi/2012/736/article/8)
[^key-d81f80ef877a48161ae2af60dfde99ca]: S. 256(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-4b63610feb80c11d4d60ccaf56e6dd13]: S. 256(8) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-fee25e131211b4c8697cbec93625c3a2]: S. 256C(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/4), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-c697cf0a22898cc4967c0f94dd3418e5]: S. 256D(7) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/5), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-e8197afc1a3c19fb263741caf8f1aa34]: S. 288(3A)(m) inserted (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6/3); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 3(b)](https://www.legislation.gov.uk/uksi/2012/628/article/3/b)
[^key-11df50c72118bc597805f92ccad0c885]: Act modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6); S.I. 2012/628, art. 3(b)
[^key-671be472b35850cba884622cad7d8721]: Act modified (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/4); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-beb44ad0af6d57302f767268ccf92a6a]: Words in s. 219(1)(c) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(2)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/2)
[^key-faf5491163dc57b3accbb3d4667f3747]: Words in s. 219(2) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(a)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/a)
[^key-69d90dd0096429959e3a6a515c887b9a]: Words in s. 219(2) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(b)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/b)
[^key-020cfc6e33b55a0f9054a1f86c57ea89]: Words in s. 219(1)(d) substituted (1.4.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/2), [Sch. 19 para. 32](https://www.legislation.gov.uk/ukpga/2011/20/schedule/19/paragraph/32); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 6(i)](https://www.legislation.gov.uk/uksi/2012/628/article/6/i) (with [arts. 9](https://www.legislation.gov.uk/uksi/2012/628/article/9), [11](https://www.legislation.gov.uk/uksi/2012/628/article/11), [14](https://www.legislation.gov.uk/uksi/2012/628/article/14), [15](https://www.legislation.gov.uk/uksi/2012/628/article/15), [17](https://www.legislation.gov.uk/uksi/2012/628/article/17))
[^key-e47196320aa2b484eb5bb5b08522cf80]: Words in s. 259(3)(c) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(4)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/4)
[^M_F_22b109f3-6eee-4aff-d28a-ffcaf68acb95]: Words in s. 271(7) repealed: (with effect in accordance with [s. 46(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/b) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/d), Sch. 11 Pt. 2(12) (with s. 46(7)); (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)
[^M_F_35d751a2-fee9-4461-9084-a92684035924]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_fd4a2149-4e0c-4778-eda7-6bca132a1763]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_371fddd5-984b-4443-dd48-60b82610b7a6]: Words in s. 271(7) substituted (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/a) (with s. 46(7))
[^key-c24a40d4a45eaa26aecf2e0ccb6d68c8]: Word in s. 271(7) inserted (1.4.2012) by [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-60f433c7d07203adeed60146a6f4fa20]: Words in s. 271(7) omitted (1.4.2012) by virtue of [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-414c88a837918e326a4c695325c87585]: S. 288(3A)(k) inserted (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 5 para. 16](https://www.legislation.gov.uk/ukpga/2011/4/schedule/5/paragraph/16); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-92f24ab596cdd22fa76ebf8ef41c0992]: Words in Sch. 5B para. 19(1) substituted (retrospective to 6.4.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 32](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/32), [35](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/35)
[^key-5e9d3f32ad42cf570d7221ff211a4bf0]: S. 3(3) excluded (for the tax year 2012-13) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/6)
[^key-cf816140348691076856d7428df84ff1]: S. 171 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-109d083260ac3afc7d0b76b8644abaeb]: S. 173 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-160ed9411185e0b0abf1e6d7e97f3203]: S. 105 modified (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 121(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/121/4) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-33cc0d441971e5f0c24e380443582c87]: S. 138(2) applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 257HB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/257HB/2) (as inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/1))
[^key-6a8f021a943a7db3037b7a6886b27ca3]: Word in s. 3(3) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-686957ff01fb0e94bebb14035cc605f4]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-7e4a4c0791c92d4cf4f3a0e5032f6296]: Words in s. 3(3B) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-f7e08f90382bf9dd7868152845d2b794]: Words in s. 3(4) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-ec804489581c714d14eea4fbc28699cc]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/b)
[^key-4e232860cc26545dd96dc50319853a38]: S. 10B(3A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 73](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/73)
[^key-3b09a6c7933f14070d94b73e518f48d7]: S. 13(5)(c) omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/2)
[^key-5f96dc815a49c99979c5630723f36038]: S. 103C inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/3)
[^key-e9efbf8efe5941950701d62675665f23]: S. 140C(8) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 75](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/75)
[^key-95901e81b8e767d2b2b739c4dd6dc9a8]: Words in s. 150A(3)(b) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 27(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/27/a)
[^key-a1a9210c844532995b8cf887afb34b6e]: S. 150A(3A) inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 27(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/27/b)
[^M_F_6452d5b8-3616-4ca0-b4f7-f5e78947e943]: Words in s. 150A substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/2)
[^key-32f057b8b73248db4ede11ce374df3af]: Word in s. 150A(6) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/c)
[^key-ef253cb750295558f92213d0f394f12e]: S. 150A(6)(ba) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/a)
[^key-07a64063bde4da5b6a59371a56534e4e]: Words in s. 150A(6)(c) substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/b)
[^key-0706c88cb8f712776cb0eb25100c0b08]: Word in s. 150A(6)(b) omitted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/3/a)
[^key-dc5ceeb3e3ac9a29446feee908527098]: Words in s. 150A(10) substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/4)
[^key-138f91d36e582cad652060ba603e8d39]: Words in s. 150A(10A) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 20(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/20/5)
[^key-54f271a9b18ca940d2243a80f4410346]: Words in s. 150B substituted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/21/2)
[^key-c050f0109eeba6e89c52e9de70977e20]: S. 150B(5A) inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 21(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/21/3)
[^key-5e8400481c7b0e40fbd06e1f3135fb74]: Ss. 150E, 150F inserted (with effect in accordance with Sch. 6 para. 24(1) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/3)
[^key-0a4bcc446de74a97ef5a109b9f75458e]: S. 150G inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 4](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/4)
[^key-e4a02c49ea98eeee69458f6f38677b99]: Words in [s. 151I(1)(g)](https://www.legislation.gov.uk/ukpga/1992/12/section/151I/1/g) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 76(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/76/a)
[^key-693bed8c099ba857b5c223de075ed373]: Words in [s. 151I(1)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151I/1/h) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 76(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/76/b)
[^key-abc5867c5fd54343f4a0bf98804f4fa9]: Words in s. 155 substituted (with effect in accordance with s. 37(4) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 37(1)](https://www.legislation.gov.uk/ukpga/2012/14/section/37/1)
[^key-2fa53ae72aa4cc51d32fdd26ac88fb2b]: Words in s. 171(5) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 16](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/16)
[^key-e82212c788cea63ba6ddc96e2745dd9f]: Words in s. 171A(4) inserted (with effect in accordance with s. 181(4)(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 181(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/181/2)
[^key-89aeeba65443e16ca78088366b206494]: S. 171A(4A)(4B) inserted (with effect in accordance with s. 181(4)(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 181(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/181/3)
[^key-d6486d74180dabdf99cc23839e851c3c]: Words in s. 171C(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/2)
[^key-6677ff2ca1d3def6ea660a45838c1996]: Words in s. 171C(3)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/3)
[^key-f83b9155e36067a6b3747c047207c82a]: Words in s. 171C(4) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/4)
[^key-f11f6bc91e9264070579677c6e943726]: S. 171C(5) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 77(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/77/5)
[^key-f3afb03f8e723aac3fc5662ab4e6c23d]: S. 185(4A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/78)
[^key-4d421d46047c5e5390f359942cb799c3]: S. 201 repealed (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/1)
[^key-8dc6ac615f84cd27fae30dc4d8474d66]: Words in s. 202(1) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/2/a)
[^key-b9279443bac71fe86c49e14fed6d54ef]: Words in s. 202(1) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/2/b)
[^key-96ac0dc6b1b05c4a959c03a7a4f40685]: S. 202(1A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/3)
[^key-edd32d25d59e1eefe9c4c64a74d48e98]: Words in s. 202(3) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 46(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/46/4)
[^key-fb946d092885c7a07f7d8e3a8a38dbbf]: Words in s. 203 heading substituted (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/2/b)
[^key-4b80383cdbd0215b0760b34529f64d49]: Words in s. 203(1) substituted (with effect in accordance with Sch. 39 para. 45(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 45(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/45/2/a)
[^key-2d692bb330492aa4201da2d1d33bc13c]: Words in s. 203(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 47](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/47)
[^key-021965d036d7fc3effe029bd8d8da497]: Words in s. 204(10)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/79)
[^key-d7e729b50f6d56c9e53e75100231bfd3]: S. 210A(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/2)
[^key-2583b6ccbfd462062c397a4f91ddf21d]: S. 210A(10)-(10C) substituted for s. 210A(10)(10A) (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/3)
[^key-b3b9af92f0105bb51eb5f72824415e37]: Words in s. 210A(11) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(4)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/4/a)
[^key-082035f5cac1a019f724517dacdb026b]: Words in s. 210A(11) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(4)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/4/b)
[^key-80a2255cf14d51c6eec4397aee4bfabd]: S. 210A(12) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/5)
[^key-5afaac6fb24a9b934dc38e9ecfb8e7f9]: Words in s. 210A(13) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(6)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/6/a)
[^key-2ce86711ac022e17adc29b0bd86ae15c]: Words in s. 210A(13) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 80(6)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/80/6/b)
[^key-45493cdc8400c37c1a3b0d9a4deb1be8]: Words in s. 210B(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/2/a)
[^key-93921b28692589c23ae7451e3caa11c3]: Words in s. 210B(1)(a)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/2/b)
[^key-f71fef14cc48815e38d01054ecdf965b]: Words in s. 210B(7)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/3)
[^key-55565008e20c6523d77271b43924f76d]: S. 210B(8) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/4)
[^key-d97362b4c2e8262302d4ef4e25414552]: Words in s. 210B heading substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 81(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/81/5)
[^key-2cea166e86020c4ffc50f3174ab12462]: Words in s. 210C(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 82](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/82)
[^key-fdab7712462644334a213f9bbaa60b8c]: Words in s. 211(2)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/2/a)
[^key-6360ac10748385a606e5601eabb800c7]: Words in s. 211(2)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/2/b)
[^key-2dd3afa37fa0f7582bbc6286f028f204]: Words in s. 211(2A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/3)
[^key-5b2c61faaf16c549b43636b454f8a185]: S. 211(4) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 83(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/83/4)
[^key-594aad0210f1f8fd5987a8993aeca328]: Words in s. 211ZA(10) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 84](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/84)
[^key-695516374c79976ce7b7cd980d78c0fa]: Words in s. 212(1) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/2)
[^key-3a62a1877958afa9c7c5839dc2a31143]: S. 212(2) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/3)
[^key-7f1607962d6024b955b883a2f1ad1f87]: S. 212(9)(10) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 85(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/85/4)
[^key-d28501515b090c50139768b86cc8b8a5]: Words in s. 213(1A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 86(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/86/2)
[^key-947c62e0af66b25bec749069dde4338b]: S. 213(4ZA) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 86(3)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/86/3)
[^key-d50d9167634555f566b20253b0f5e4f7]: S. 213A inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 87](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/87)
[^key-c76dbc6a5cd7d5b94828b2cc46c96c95]: S. 221 repealed (with effect in accordance with Sch. 39 para. 18(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 15](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/15)
[^key-7e93138f1fb2ffe5b06fac9712dd738d]: S. 249 repealed (with effect in accordance with Sch. 39 para. 49(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 49(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/49/1)
[^key-a7ade433a78093aaf51dcace1e1dacbe]: S. 249 cross-heading substituted (with effect in accordance with Sch. 39 para. 49(3) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 49(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/49/2)
[^key-f11c73150b65654076b6cb8736665358]: S. 251(5A) inserted (with effect in accordance with s. 34(6) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/3)
[^key-1c1e9ef37b9601fb0dff9316ec8aad57]: S. 252 substituted (with effect in accordance with s. 34(6) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/4)
[^key-66bd92a1894674b69967f71d4b52bac0]: S. 252A omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/5)
[^key-0cf9891764402e04c408c7b75b3a13ae]: Sch. 8A omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(5)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/5)
[^key-dc0aa99474e15cf4886572adc4f2404a]: S. 258(1A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 14 para. 34](https://www.legislation.gov.uk/ukpga/2012/14/schedule/14/paragraph/34)
[^key-570a93ff07e586f08886bb2e26457b3a]: S. 288(2A) inserted (with effect for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/4)
[^key-3577419ae1b9cb447d58e57be4d98f96]: Word in s. 288(3A)(a) substituted (with effect in accordance with Sch. 39 para. 18(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 39 para. 17(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/39/paragraph/17/a)
[^key-d9ae91b0f8573d0b164eb9ef0b9c5ef5]: Words in Sch. 5B para. 2(3)(b) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 22(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/22/a)
[^key-7b7ea41fde8c163ac00a76fb87490560]: Words in Sch. 5B para. 2(4) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 22(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/22/b)
[^key-7b325a5e80d762c420fef1b6dba593f0]: Words in Sch. 5B para. 16(6) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/a)
[^key-57b83efe70ce4908479def8c408445b2]: Word in Sch. 5B para. 16(7)(b) omitted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/b)
[^key-d75dcad2e160024c49cecc52f636f6ba]: Sch. 5B para. 16(7)(ba) inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/b)
[^key-3e200fb6df618b1810d5a450b784914e]: Words in Sch. 5B para. 16(7) substituted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 31(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/31/c)
[^key-c343e4a996581faf168edc2c16c58790]: Sch. 5B para. 11A and cross-heading inserted (with effect in accordance with Sch. 7 para. 34 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/30)
[^key-e15e6e37d0c995662401f76c4aa38787]: Words in Sch. 7AC para. 6(1)(c) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(2)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/2)
[^key-fdb31fc984ba52772f433cf4f82f5e96]: Words in Sch. 7AC para. 17(2) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(4)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/4)
[^key-2348d31dcc955fbdb1a56576e839a54f]: Words in Sch. 7AC para. 17(3)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(5)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/5)
[^key-beb725cbc7f87688b8021b810a37df3c]: Words in Sch. 7AC para. 17(4) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(6)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/6)
[^key-831d7b5ebc287107cc23b5a823896257]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(a)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/a)
[^key-be72775147ec080d3d9a3546b3395288]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(b)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/b)
[^key-47aa59916953b2b0c14062bbe1656c9a]: Words in Sch. 7AC para. 17(4A) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(7)(c)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/7/c)
[^key-2dc9a46ea2bfc5e2b13112b9fb790dbb]: Words in Sch. 7AC para. 17 cross-heading substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 88(8)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/88/8)
[^key-d909d97b9c6affea3aab2f5f1e6a5ccc]: Words in Sch. 7AD para. 1 substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 89](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/89)
[^key-712c93ff32a3dc5cadf6f174453a491f]: Sch. 10 para. 14(22)-(24) omitted (17.7.2012) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 247(d)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/247/d)
[^key-097cf880621a747c1e1d40236447e415]: Sch. 5BB inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 5](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/5)
[^key-c79fd12a47027e40c8259317b7b8d195]: Sum in Sch. 5B para. 1(2)(da) substituted (with effect in accordance with Sch. 7 para. 33(2) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 29](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/29), [33(1)](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/33/1); [S.I. 2012/1896](https://www.legislation.gov.uk/uksi/2012/1896), [art. 2(d)](https://www.legislation.gov.uk/uksi/2012/1896/article/2/d)
[^key-9c853e74e336cd73cadade2d1faa47f1]: Ss. 127-131 applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), regs. 69Z24E(2), 69Z24F(3) (as inserted (1.8.2012) by [S.I. 2012/1783](https://www.legislation.gov.uk/uksi/2012/1783), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1783/regulation/1), [4](https://www.legislation.gov.uk/uksi/2012/1783/regulation/4))
[^key-5f64d4bd191f996c6e86f6da26588ef4]: S. 137 applied by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 69Z24H](https://www.legislation.gov.uk/uksi/2006/964/regulation/69Z24H) (as inserted (1.8.2012) by [S.I. 2012/1783](https://www.legislation.gov.uk/uksi/2012/1783), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1783/regulation/1), [4](https://www.legislation.gov.uk/uksi/2012/1783/regulation/4))
[^key-6f6f51b50bc2094ad6258692f83b47a1]: S. 170 modified (E.W.S.) (1.9.2012) by [The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations 2012 (S.I. 2012/1868)](https://www.legislation.gov.uk/uksi/2012/1868), [regs. 1](https://www.legislation.gov.uk/uksi/2012/1868/regulation/1), [7(5)](https://www.legislation.gov.uk/uksi/2012/1868/regulation/7/5)
[^key-6f9ed94a6970d10030487b722c73243a]: S. 212 modified (with effect in accordance with reg. 2(2) of the amending S.I.) by [The Insurance Companies and CFCs (Avoidance of Double Charge) Regulations 2012 (S.I. 2012/3044)](https://www.legislation.gov.uk/uksi/2012/3044), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2012/3044/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2012/3044/regulation/6)
[^key-7a0ff5d46e7e4094bf17cd1dc2334e3d]: S. 117 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Building Societies (Core Capital Deferred Shares) Regulations 2013 (S.I. 2013/460)](https://www.legislation.gov.uk/uksi/2013/460), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/460/regulation/1/1), [3(2)(b)](https://www.legislation.gov.uk/uksi/2013/460/regulation/3/2/b)
[^key-08c319d7e40846e16d99b8668ba51410]: S. 248B(1)(2) substituted (with effect in accordance with art. 2(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2013 (S.I. 2013/234)](https://www.legislation.gov.uk/uksi/2013/234), [arts. 1](https://www.legislation.gov.uk/uksi/2013/234/article/1), [2(1)](https://www.legislation.gov.uk/uksi/2013/234/article/2/1)
[^key-35a0534b306d0bf65f3ad08169f487ef]: Words in s. 117(11)(b) substituted (1.4.2013) by [The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636)](https://www.legislation.gov.uk/uksi/2013/636), [art. 1(2)](https://www.legislation.gov.uk/uksi/2013/636/article/1/2), [Sch. para. 2(a)](https://www.legislation.gov.uk/uksi/2013/636/schedule/paragraph/2/a)
[^key-660894aee60b946d5c9b33b36509c4e8]: Words in s. 117(11)(b) substituted (1.4.2013) by [The Financial Services Act 2012 (Consequential Amendments) Order 2013 (S.I. 2013/636)](https://www.legislation.gov.uk/uksi/2013/636), [art. 1(2)](https://www.legislation.gov.uk/uksi/2013/636/article/1/2), [Sch. para. 2(b)](https://www.legislation.gov.uk/uksi/2013/636/schedule/paragraph/2/b)
[^key-e37a103813c5a0f45aaa19eaebdf26f6]: Words in [s. 140C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/140C/5) substituted (with effect in accordance with art. 1(3) of the amending S.I.) by [The Tax Law Rewrite Acts (Amendment) Order 2013 (S.I. 2013/463)](https://www.legislation.gov.uk/uksi/2013/463), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2013/463/article/1/2), [5](https://www.legislation.gov.uk/uksi/2013/463/article/5)
[^key-d5f2ba1c32fdb5828eb58e7a1b0011ff]: Words in s. 140F(4) substituted (with effect in accordance with art. 1(3) of the amending S.I.) by [The Tax Law Rewrite Acts (Amendment) Order 2013 (S.I. 2013/463)](https://www.legislation.gov.uk/uksi/2013/463), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2013/463/article/1/2), [6](https://www.legislation.gov.uk/uksi/2013/463/article/6)
[^key-0f9cdd4fd6d8d2b88e27ad975aca87e0]: S. 135 excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(c) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-7d1b9728988cd560276a6e57535fd833]: S. 136 excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(d) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-e889eac61d0501ef556251cd8bbbae8d]: Words in s. 99A(1) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-beb7aa9e60d0b3cb37540e00e69b2ca0]: S. 99A(2)(2A) substituted for s. 99A(2) (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-eb23ee7170960e028bbacb46faa7a76b]: S. 99A(3) omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(c)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/c) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-12ca37ad125c9b952dd79fd88a8d9923]: Words in s. 99A(4) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(d)(i)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/d/i) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9b0db790845e19fade40f9e39fe16296]: Words in s. 99A(4)(b) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(d)(ii)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/d/ii) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-15af294d80984c8bce52b04f00709408]: S. 99A(5)(6) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(e)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/e) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^M_F_55346901-4f1c-44ac-ae41-c1b504595caf]: S. 99A heading substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [8(f)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/8/f) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-caa9acfa578b19f19d3608f8f6009e5f]: S. 102 omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2013/1400/regulation/9) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9807154620f6ea4bde1c7465e359bc57]: Words in s. 103A(3) substituted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [10](https://www.legislation.gov.uk/uksi/2013/1400/regulation/10) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-1a6d2de2f5091ca69722b0fd57de63af]: S. 103D inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2013/1400/regulation/3) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-acaad0a234c9bd599fe82f6de28bbd44]: Pt. 3 Ch. 4 inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [11](https://www.legislation.gov.uk/uksi/2013/1400/regulation/11) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-ff8e30ead95589e396da58d446384d43]: S. 211B inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2013/1400/regulation/4) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-9b11968fb5cb8d3d7150b96ca3ff856b]: Words in s. 212(1)(b) omitted (8.6.2013) by virtue of [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [5(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/5/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-fb008bcea703a896a0d68aa0432175a4]: S. 212(1)(ba) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [5(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/5/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-4a655c7a8b61a04a4ae401050fab7752]: S. 213(4ZB)-(4ZE) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2013/1400/regulation/6) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-b956b584110c1455f60c2791d0c5df62]: Words in s. 288(1) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-5e6b933a57e6a91d39a7ada4a2d15821]: Word in s. 288(3A)(a) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(b)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/b) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-07ef9b6fc45ee0c93b8074f12f2ab8d4]: Words in s. 288(8) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [7(c)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/7/c) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-e348d398dd29539008f64db147b3f7ba]: Words in s. 288(1) inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/2013/1400/regulation/12) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-62b2974b1c71fb1e5b4b7a49bec3650b]: Sch. 5AZA inserted (8.6.2013) by [The Collective Investment Schemes (Tax Transparent Funds, Exchanges, Mergers and Schemes of Reconstruction) Regulations 2013 (S.I. 2013/1400)](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2013/1400/regulation/13) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2))
[^key-08fe8375305fbcddabfccc47113f6266]: Act modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 97-110](https://www.legislation.gov.uk/uksi/2006/964/regulation/97) (as amended (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [reg. 14](https://www.legislation.gov.uk/uksi/2013/1400/regulation/14))
[^key-9af3d8c4dd41ec684e28fc6d60e6edbd]: S. 103G excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(a) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-e8f6c0bd53ffa9d2820b6a97d0b8d535]: S. 103H excluded by Offshore Funds (Tax) Regulation 2009 (S.I. 2009/3001), reg. 36A(2)(b) (as substituted (8.6.2013) by [S.I. 2013/1400](https://www.legislation.gov.uk/uksi/2013/1400), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/1), [15(a)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/15/a) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/2013/1400/regulation/1/2)))
[^key-f97ec93a3322c2e40e8706fe4dda5fd7]: S. 60 applied (with application in accordance with s. 58(4) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 59(8)](https://www.legislation.gov.uk/ukpga/2013/29/section/59/8)
[^key-2acbb0e9479ff4a48f408bed455b133d]: S. 21(2) applied by [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9), [Sch. 3ZB para. 14(5)](https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZB/paragraph/14/5) (as inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 49 paras. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/49/paragraph/6), [8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/49/paragraph/8))
[^key-cc60668bcf6e0be6bb43e2ce63e4ce68]: Words in s. 1(2) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/2)
[^key-9c23b1ebf461b09236f14dc7d6805e8e]: S. 1(2A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/3)
[^key-3028404a524cd3342be22940c0bf9ebf]: Words in s. 1(3) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 2(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/2/4)
[^key-076ab9166177f8f982e9acef6856f027]: S. 2(7A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/3)
[^key-ffa5c2d072fffb46aa6bf93ec3831f14]: Words in s. 2(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 75(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/75/2)
[^key-8d5306d762664da83f20cafd46613d25]: S. 2(1A) inserted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 75(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/75/3)
[^key-d9dbd0eccfd4ade63af4c798526ddad9]: S. 2(1B)(1C) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/2)
[^key-7cde88ca43113d494ffaefce5e6e0eab]: Words in s. 2(2) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/3/a)
[^key-0f36f46b61ea13e6e57e35baf8d607aa]: Words in s. 2(2)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 93(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/93/3/b)
[^key-78757713131d613f95ffebd354a50b56]: Ss. 2B-2F inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/4)
[^key-0a25d1c2b5216f7d529c52b7515a8267]: Words in s. 3A(1)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/2/a)
[^key-1dc346a1ea340dea68df605065c04eb6]: Words in s. 3A(1)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/2/b)
[^key-2427a5567e922526312337c653667ef0]: Words in s. 3A(2)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 94(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/94/3)
[^key-256f5b4659ed84a2cc44dd5d5b045df3]: S. 4(3A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 5](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/5)
[^key-597f6aefeab7ba933cc7a677b237b0c6]: S. 8(4A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/6)
[^key-424980291f39d0bd04ad8e9b3e53ff1f]: S. 9 omitted (17.7.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/2)
[^key-e48a0512551974277b522251f44af583]: Words in s. 10(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 76](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/76)
[^key-978e9796f972d71d80716614e881b988]: Ss. 10A, 10AA substituted for s. 10A (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 119](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/119)
[^key-03c5c20d4d1730fd14965465639b23b4]: S. 12(2A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 95(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/95/2)
[^key-f42f6757c0b87f2009d75a8571e3916b]: Words in s. 12(3) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 95(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/95/3)
[^key-7f9e058f6d30be529d40fd2e52291553]: S. 12(1) substituted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 17](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/17) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-ac9bf4f1baa15a90a0cbb9782e3cb84f]: S. 13(1A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 7](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/7)
[^key-14a01b81c9a8d1ab340032abd291a57d]: S. 13(3A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 96](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/96)
[^key-c6cb8ecee9d60442c42bb3e656b74765]: Words in s. 13(4) substituted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(2)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/2)
[^key-e26b898cc4784c80b7a92f34b1120acf]: S. 13(5)(ca)(cb) inserted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(3)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/3)
[^key-94b1f8fb5476422ffc452a4614b4f562]: Words in s. 13(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/2)
[^key-089ee07ad62ccdbd44e5304bd77a46ef]: Words in s. 13(10) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/3)
[^key-05f3d6dde810df975c16bc42506382c0]: Words in s. 13(13)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 77(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/77/4)
[^key-8bedf8892eb4c32b4dad59ea370e7920]: S. 13A inserted (with effect in accordance with s. 62(5)-(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 62(4)](https://www.legislation.gov.uk/ukpga/2013/29/section/62/4)
[^key-41eef7627452029574bf43d2d37803cb]: Word in s. 16(3) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/8)
[^key-6f5045576567379d75f998a9895c38f5]: Words in s. 16(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 78](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/78)
[^key-4bd3d27dad37d2085ff80888b49e6371]: S. 16(3A) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 97](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/97)
[^key-fd25a0269ae16a4089a9ac622b8dc6d5]: Words in s. 16ZB(1)(c) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 98](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/98)
[^key-04fd23e676a0c1dba151e576498beb70]: Words in s. 16ZC(3)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/2/a)
[^key-3736a370e1571d3cd2d08f1b9095ed51]: Words in s. 16ZC(3)(b) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/2/b)
[^key-43cf8fae8794892b52a787aa8b3cd07c]: Words in s. 16ZC(7) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 99(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/99/3)
[^key-9c19c34fb8061c5315d28299a6d8310d]: S. 37(2A) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/6)
[^key-ce2b4b1b18e8276f5f73b5a847e416c4]: S. 39(3A) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 7](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/7)
[^key-da6c89c9d5c1256dff2248e57fcfef8b]: Words in s. 62(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 79](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/79)
[^key-8c0cef5311d924c4c47f7089e9549796]: Words in s. 65(3)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 80](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/80)
[^key-3683bdefde83f9433553f8040d0f76e6]: Words in s. 67(6)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 81](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/81)
[^key-a6333d6120c968e41b94d4c667dc3a0c]: Words in s. 69(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/2)
[^key-04742ec1ef583d51a72b47652aadb37c]: Words in s. 69(2B)(c) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/3)
[^key-313bdb6a03c5d339732614f64fb12c24]: Words in s. 69(2E) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 82(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/82/4)
[^key-b8d5de9ea40bafc9c0a61b7c88792fee]: S. 69(2DA)(2DB) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 102](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/102)
[^key-8e163cd3fa38f00e5b928aca1fa6ddcd]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 83](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/83)
[^key-67204a2e605090d6e38fa9b0be9ade5c]: Words in s. 80(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 84](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/84)
[^key-2ffda57919fd944751d497742867c9b4]: Words in s. 81(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/2)
[^key-86d4cae658bf49f0c63b6d6ed5564486]: Words in s. 81(3)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/3)
[^key-493e374e61370b0a9e85629a00a2863c]: Words in s. 81(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/4)
[^key-e94f87d4495ac448f055f12b4c6b81aa]: Words in s. 81(5)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 85(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/85/5)
[^key-b6bf02e122c30b5c29b788a6f7d3b38e]: Words in s. 82(3)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 86](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/86)
[^key-3c47889cb53c1d65fce17b67a67e0003]: Words in s. 83(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 87](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/87)
[^key-b159a6e281ea6995a4ad68f0e2f0a2a2]: Words in s. 83A(3)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/2)
[^key-5011635d46642c60956cdf687537a901]: Words in s. 83A(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/3/a)
[^key-626419f8b7e22f99e08ffafd63934dbf]: Words in s. 83A(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 88(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/88/3/b)
[^key-15729c3c090f5699e279368842dade3c]: Words in s. 84(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 89](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/89)
[^key-69fcc6bb1ef4c1a324cd38e0638083ab]: Words in s. 85(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 90](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/90)
[^key-a7a898996b17913f248f759cacc49db9]: Words in s. 86(1)(c) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/2)
[^key-21a934c857567c1254472adf04be6e26]: S. 86(2) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/3)
[^key-ebcf4c8e49b7b31800cb6c19026a17c7]: Words in s. 86(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 91(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/91/4)
[^key-c84ef3b4fab6b7df187c627d39693c03]: Words in s. 86(4)(a) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 100](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/100)
[^key-bc712356e83a4e28a63df915fd12ce07]: S. 86A substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 120](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/120)
[^key-6a997c49be792421bfa0cd28bc626b6e]: S. 87(7) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 101](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/101)
[^key-7b5a2785bd196bfc4888d1885359812c]: Words in s. 87(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 92(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/92/2)
[^key-5455ff99489bd3769ee35013c596e48d]: Words in s. 87(4)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 92(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/92/3)
[^key-0b6fd5bbd7e8fd6957004fb3080f3425]: Word in s. 87B(1)(a) inserted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/a) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-131dde0684f25fc3e7766727b12c5a9c]: Word in s. 87B(1)(b) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/b) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-566911570e55a8d1dd110c61fa5a04e1]: S. 87B(1)(c) omitted (with effect in accordance with Sch. 46 para. 25 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 18(c)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/18/c) (with [Sch. 46 para. 26](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/26))
[^key-72e658b7e03f0ed90dd5599beb0f7227]: Words in s. 88(1)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 93(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/93/a)
[^key-d85367c557bb76b69740b29049df0cdd]: Words in s. 88(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 93(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/93/b)
[^key-7d0699de5481258606afa8c962f51b35]: Words in s. 96(9A) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 121](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/121)
[^key-03869b4b3a79169db3205608a8d0e0a4]: Words in s. 96(3) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/2)
[^key-8040059ed729936fe45b3b433c14959b]: Words in s. 96(4)(a)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/3)
[^key-12fe7be188c20edc28a07d6032d52756]: Words in s. 96(5)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 94(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/94/4)
[^key-4aafa70f5f089e4c79ffc7a0c10128c9]: Words in s. 97(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 95](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/95)
[^key-ee7aa0bf0f6dcb52a3334f39eaf19d88]: Words in s. 99(1)(c) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 96](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/96)
[^key-94f51ad7732b92142edef827320fb5ab]: S. 105(4)(5) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 3](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/3)
[^key-82ead3ec26e71201957ac31ad327130b]: Word in s. 106A(5) omitted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/a)
[^key-373f2d75606fe6b78119262593512d04]: S. 106A(5)(aa) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/b)
[^key-b83e608f480a548c3a67b91bbdc5cca6]: Words in s. 106A(5)(b) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/2/c)
[^key-fbc63b875bb5098b838595fed9dd9cc7]: S. 106A(6A)(6B) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/3)
[^key-41f2bf04857c0c3914564e9e68fe2ad5]: Words in s. 106A(10) inserted (with effect in accordance with Sch. 24 paras. 5, 6(4)(5) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 4(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/4/4)
[^key-1bee52eac0d8120fb7d429fcbcdbc501]: Words in s. 106A(5A)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 97(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/97/a)
[^key-49e2d4a9aa49b45db653137060973176]: Words in s. 106A(5A)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 97(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/97/b)
[^key-6dacdcf7125c9d9b5286c8963f0b0df7]: Pt. 2 Ch. 5 inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 9](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/9)
[^key-d612b6ec29080f9afaf27af196fb4c46]: S. 100A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/10)
[^key-19b6739fa8decf456525dbb4b159eaaf]: Words in s. 159(2)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 98(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/98/2)
[^key-747b458d7e9c7df7253b41119d3c37e3]: Words in s. 159(5) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 98(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/98/3)
[^key-4d688b7797990269492f8d36186f8094]: Words in s. 161(1) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/2)
[^key-e415c87a590b13be412c1b0d2f828100]: S. 161(3ZA)(3ZB) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/3)
[^key-4110e6c892c4dbab786d95d5cbf2af95]: Words in s. 161(3A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/4)
[^key-bc8e621474ee8c2c2c8e927ded047081]: Words in s. 161(4) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 11(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/11/5)
[^key-3181a49b013c04b2490b9542acf8ee5d]: Words in s. 166(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 99(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/99/2)
[^key-8852c4c9555f1bc69d32478d975f8a7e]: Words in s. 166(2)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 99(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/99/3)
[^key-172c4c17b137b7f36a3c0d1cd10d6b78]: Words in s. 167(2)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 100(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/100/2)
[^key-ed081541d3ccd9feca13a002fcc3e480]: Words in s. 167(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 100(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/100/3)
[^key-950f2c3f80f0bab63ec8ab411abbaa3d]: Words in s. 168(1)(b) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/2)
[^key-2f13d6fb6decddfb0d70d14d0fe85d21]: Words in s. 168(4) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/3)
[^key-37d7cc51590b23cb18efcebb3440acf5]: Words in s. 168(5)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/4/a)
[^key-2db208f1382e2ae58a940858b8bbe97d]: Words in s. 168(5)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 101(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/101/4/b)
[^key-483118dcef9f98320e051e2689a91030]: Words in s. 169(3)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 102](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/102)
[^key-c543f3d84493635280027cef518f2932]: S. 169D(3) substituted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/2)
[^key-a22d23eeebb81db550d76a3dc0b14193]: S. 169D(4A)-(4F) inserted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/3)
[^key-939464ae375eb3c6ba46fb72656ec683]: S. 169D(7) substituted for s. 169D(7)-(9) (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/4)
[^key-132c3fefba1dce8c870475961b6b34f8]: S. 169D(10) omitted (with effect in accordance with Sch. 44 para. 12(6)(7) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 12(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/12/5)
[^key-27e2790477ac93a17127ddaf2dd222de]: Words in s. 169D(1) inserted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 63(1)](https://www.legislation.gov.uk/ukpga/2013/29/section/63/1)
[^key-c18f84b6930813f93dce44d180de1628]: Words in s. 169I(5) substituted (with effect in accordance with Sch. 24 para. 5(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 1(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/1/2)
[^key-b8a450f4541e8b263c517af988048ea0]: S. 169I(7A)-(7R) inserted (with effect in accordance with Sch. 24 para. 5(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 24 para. 1(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/24/paragraph/1/3)
[^key-09e35c326324c3c0aef3fb469ecbd4f0]: S. 171(2)(ba) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 12](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/12)
[^key-a5e61d3f60bf3ff3ae3f007462f6d9d9]: Words in s. 199(2) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 103](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/103)
[^key-77ea815fdfe062bdc924175bcb2b6771]: Words in s. 261(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 104(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/104/2)
[^key-0a121d84107c3085cc4cde38d2f63f7b]: Words in s. 261(2)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 104(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/104/3)
[^key-cbcab8f7a6e68154e2177386a2e5cfad]: S. 263A(A1) inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/2)
[^key-7ccc22eef0502d19358e2e1faa20e1b6]: Words in s. 263A(1) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/3)
[^key-2884f0b22a57d302ca375a8d76bdee23]: S. 263A(5) omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 9(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/9/4)
[^key-67fa9c043ae7740e5bf5c713bdfce499]: Ss. 148A-148C omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 8](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/8)
[^key-764f89c02820a5a62efdc0736527e1cd]: S. 263AA inserted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 10](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/10)
[^key-9f74cc87ceb02007d717751530c96dcc]: Words in s. 263F(2) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/11/2)
[^key-3484cf3fba2742cf95e4992feec14b67]: S. 263F(9)(10) substituted for s. 263F(9) (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 11(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/11/3)
[^key-65c619e790b7891be3810b11b7a4a642]: S. 263G(4) omitted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 12(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/12/b)
[^key-6db00c0cba4dea13df73beabf8adf368]: Words in s. 263G(2) substituted (with effect in accordance with Sch. 12 para. 18(1) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 12 para. 12(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/12/paragraph/12/a)
[^key-429afa5aeadeefae3b59a7795568136e]: Words in s. 271(1A) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 14(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/14/a)
[^key-918400fdd4132922bf7ba75608c23cf4]: Words in s. 271(10) substituted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 14(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/14/b)
[^key-29c9f393dad3fd262290f1fd60fb61e9]: Words in s. 279B(7) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 122(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/122/2)
[^key-b4842b445624ae3011508ef39c03702f]: Word in s. 279B(8)(a)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 122(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/122/3)
[^key-72b582d97df92418c3940a63af412659]: Words in s. 288(1) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 104(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/104/2)
[^key-587600a59ba218f1939edae17c7086b5]: S. 288(1ZB) inserted (with effect in accordance with Sch. 45 para. 153(2) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 104(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/104/3)
[^key-b96ebaf1a093d09094f5aa9aa58ea3a3]: Words in s. 288(1) inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 15](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/15)
[^key-16398cf4cf87437b1931ef28a5bd2b67]: Words in s. 288(1) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/3/a)
[^key-5e5a88a0efbcbf82045b735358027625]: Words in s. 288(8) omitted (17.7.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 148(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/148/3/b)
[^key-2eda499e5c7ae74262f5794b8c8be196]: Words in Sch. 1 para. 1(1) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/2/a)
[^key-fbfbacc10d8e770ed0f9b1ebd104f398]: Sch. 1 para. 1(1)(a)(b) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/2/b)
[^key-4dbfafe1bbea5c654540b9fa9e3124c0]: Sch. 1 para. 1(1A)-(1E) inserted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/3)
[^key-5c1fe45e28c7b12e2b5f6a1524468956]: Words in Sch. 1 para. 1(2) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/4)
[^M_F_4cd708b5-cd57-421c-a608-416cdcf9b988]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 44 para. 13(6)(7) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 44 para. 13(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/44/paragraph/13/5)
[^key-82404ea3e548eb101e96753768042483]: Words in Sch. 1 para. 2(7)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 105](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/105)
[^key-2fd778cea48582dfa14b85fd4b7deb01]: Words in Sch. 4A para. 5(1)(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/2)
[^key-74688eb5bcb7397430cd08ccb1bbc0f6]: Words in Sch. 4A para. 6(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/3/a) (with [Sch. 46 para. 106(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/4))
[^key-4a1d99807fcf4ec5554e8de6ced0fb6d]: Words in Sch. 4A para. 6(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 106(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/3/b) (with [Sch. 46 para. 106(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/106/4))
[^key-1ec9498f322852f0df325cfd5ebabd3e]: Words in Sch. 4C para. 1A(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/2)
[^key-988788c220fc7b9e9b27d549cf8f7986]: Words in Sch. 4C para. 4(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/3/a)
[^key-ca00ae9d865f16ea0a42a31c901af566]: Words in Sch. 4C para. 4(2) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/3/b)
[^key-b734ebed3e14887ed8173b5a70a24e60]: Words in Sch. 4C para. 5(1)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/4/a)
[^key-1ba8429f6b16636dd1832d9546c5b437]: Words in Sch. 4C para. 5(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/4/b)
[^key-863b1958304e18138a74256bd8f99fed]: Words in Sch. 4C para. 6(1)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/2)
[^key-0356d5dcbbbeef94f470515bb58b45bb]: Words in Sch. 4C para. 9(3)(a)(i) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/5)
[^key-9a7ca43ecbfbade345f9edc75741b142]: Words in Sch. 4C para. 10(1) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 107(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/107/6)
[^key-1dbd85464257acf8f8210c03f5c58266]: Sch. 4C para. 12(1)(a) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/3/a)
[^key-dbcfab9c13a0303b64bbde125e43de06]: Words in Sch. 4C para. 12(1)(b) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/3/b)
[^key-c55b9593190b667bd6db3395b0ee2377]: Words in Sch. 4C para. 12(2) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/4)
[^key-4756732ca93a65a8ec3dfaa9ef771864]: Words in Sch. 4C para. 12A(1) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(5)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/5/a)
[^key-bea28c3b101231d0bf174c9ff34b2bc2]: Words in Sch. 4C para. 12A(1) substituted (with effect in accordance with Sch. 45 para. 153(3) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 45 para. 123(5)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/45/paragraph/123/5/b)
[^key-266ed85afe95869082b0ca88f437cd98]: Words in Sch. 5 para. 2A(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/2/a) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-9aac45857ac1a2d3342cf52237d581a2]: Words in Sch. 5 para. 2A(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/2/b) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-bf5f3220f1367422daa09471c3315458]: Words in Sch. 5 para. 9(4)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/3/a) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-4d9cab6a0df88af40ab94be54356c346]: Words in Sch. 5 para. 9(4)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 108(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/3/b) (with [Sch. 46 para. 108(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/108/4))
[^key-aa7050c83faeb500ef07e12eb249d75a]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/2/a) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-19ebdbb72361a2a06e2d409f3cbff8fe]: Words in Sch. 5A para. 2(1)(d) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/2/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-eb187314a14f3ed357d9f822e5c1e8c5]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/a/i) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-3cbedc883a028c5e441e232367fb5547]: Words in Sch. 5A para. 3(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/a/ii) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-4e1d732a64ae07852a9b85eb911fa969]: Word in Sch. 5A para. 3(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(3)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/3/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-d9744e8b18eae7d7f55f4a8ca2c62d62]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/a/i) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-d93fd8528eb4739061dd226b63f6af5e]: Words in Sch. 5A para. 4(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/a/ii) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-25bf0347e6ef48bebbd0b68ec34e3529]: Word in Sch. 5A para. 4(3) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/4/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-b1b32b4150f15e95b4a137e4cdd8d750]: Words in Sch. 5A para. 5(1)(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(5)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/5/a) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-e27e9dc93f49038ce8b84e0d9b9e8eeb]: Words in Sch. 5A para. 5(1)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 109(5)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/5/b) (with [Sch. 46 para. 109(6)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/109/6))
[^key-edf647669166fb54e18a9f5e2c25d2c0]: Words in Sch. 5B para. 1(1)(d) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(2)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/2/a) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-265ffab8ebdf2d0d032b36e367572fbf]: Words in Sch. 5B para. 1(4)(a) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/2/b) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-b4389515e7cce536b0aef8662217dcde]: Words in Sch. 5B para. 3(3)(b) omitted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/3) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-6085f6f9e5b7b887bc34da53c01f5af7]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 110(4)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/4) (with [Sch. 46 para. 110(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/110/5))
[^key-995ccc9f91a4b5a2f53e58a6474c1679]: Words in Sch. 5BB para. 1(2)(a) inserted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/a/i)
[^key-43de00f69b0fe7efa419af129d0e54e0]: Words in Sch. 5BB para. 1(2)(b) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/a/ii)
[^key-1d6e4e88210a010f96a7e7a88627911a]: Words in Sch. 5BB para. 1(3)(a) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(b)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/b)
[^key-77149775792724d7bb072066adf334ee]: Sch. 5BB para. 1(5)(5A) substituted for Sch. 5BB para. 1(5) (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(2)(c)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/2/c)
[^key-1abd74ab83e1092343d4ef3b61eda7b7]: Words in Sch. 5BB para. 2(1) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/a)
[^key-6e248ad486fd0d26ad15d3f60d8d0d81]: Words in Sch. 5BB para. 2(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/b/i)
[^key-9dda303ee3ad3100e9cbe30c9c8803a9]: Words in Sch. 5BB para. 2(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/3/b/ii)
[^key-ea6364afa72bcaed9b727e491b9ad017]: Words in Sch. 5BB para. 5(2) substituted (17.7.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 57(4)](https://www.legislation.gov.uk/ukpga/2013/29/section/57/4)
[^key-257e8957b652c69997c6a725b79d522b]: Sch. 7C para. 8(a) substituted (with effect in accordance with Sch. 46 para. 112 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 46 para. 111](https://www.legislation.gov.uk/ukpga/2013/29/schedule/46/paragraph/111)
[^key-a2c830b77ac0581175e82137c7d5833e]: Sch. 4ZZA inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 16](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/16)
[^key-ec1825f91a607b3e46f65cb81620decb]: Sch. 7A para. 10A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 17](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/17)
[^key-a08bfe16fe138e3e9d62e3bf9858270d]: Ss. 47A, 47B and cross-heading inserted (with effect in accordance with Sch. 4 paras. 56, 57 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 4 para. 45](https://www.legislation.gov.uk/ukpga/2013/29/schedule/4/paragraph/45)
[^key-7733d78063235d49ffecedbc97a687c3]: Ss. 162B, 162C and cross-heading inserted (with effect in accordance with s. 61(6) of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [s. 61(1)](https://www.legislation.gov.uk/ukpga/2013/29/section/61/1)
[^key-dff9ace0031475de15d9686f9718b277]: S. 187A inserted (with effect in accordance with Sch. 25 para. 20 of the amending Act) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 25 para. 13](https://www.legislation.gov.uk/ukpga/2013/29/schedule/25/paragraph/13)
[^key-9d3b2d90518d19e8340852aa69827c7b]: Word in s. 58(2)(a) omitted (1.9.2013) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 18(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/18/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-4cc5b7117a46c7de9914cd6f8ecec07a]: S. 58(2)(c) and preceding word inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 18(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/18/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-9f8ce03deaa6f851dfd4a93d07fbaf47]: Words in s. 149AA(1) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/2), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-41c0a705242b3bda5824c65e5962bfe1]: S. 149AA(1A) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/3), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-ce608f701906a085c720a75af6b1d941]: Words in s. 149AA(2) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(4)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/4/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-b72d8e24446d023ebe86e69b5d906b90]: Word in s. 149AA(2) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(4)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/4/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-383de9746435d5c3e5d636a1cb9171a3]: S. 149AA(6A) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(5)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/5), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-ecf7e0ee2beb62b2d24ace1622e84295]: Words in s. 149AA(7) substituted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/a), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-af62d436004ab2a5246086266e118d46]: Words in s. 149AA(7) inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-8e10ead8070a148e08bd2ddc3b719adf]: Words in s. 149AA heading inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 19(6)(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/19/6/b), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-401f8cd3e3244f0e5eed296bfe2ac669]: Ss. 236B-236G and cross-heading inserted (1.9.2013) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 23 paras. 20](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/20), [38](https://www.legislation.gov.uk/ukpga/2013/29/schedule/23/paragraph/38); [S.I. 2013/1755](https://www.legislation.gov.uk/uksi/2013/1755), [art. 2](https://www.legislation.gov.uk/uksi/2013/1755/article/2)
[^key-13e6b7e3fa042a4789c014bf714cd103]: S. 288(3A) extended (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [arts. 1](https://www.legislation.gov.uk/uksi/2013/2242/article/1), [3(a)(ii)](https://www.legislation.gov.uk/uksi/2013/2242/article/3/a/ii)
[^key-07d6f5c0f04c05de01924542502436e8]: S. 17 restricted (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [arts. 1](https://www.legislation.gov.uk/uksi/2013/2242/article/1), [3(b)](https://www.legislation.gov.uk/uksi/2013/2242/article/3/b)
[^key-424221562fc718f66742a92beac58002]: Act modified (30.9.2013) by [The BRB (Residuary) Limited (Tax Consequences) Order 2013 (S.I. 2013/2242)](https://www.legislation.gov.uk/uksi/2013/2242), [art. 3](https://www.legislation.gov.uk/uksi/2013/2242/article/3)
[^key-9d21947e663621ada4b147b90f119dbd]: S. 117(1)(a) modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Taxation of Regulatory Capital Securities Regulations 2013 (S.I. 2013/3209)](https://www.legislation.gov.uk/uksi/2013/3209), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2013/3209/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2013/3209/regulation/4) (with [reg. 8](https://www.legislation.gov.uk/uksi/2013/3209/regulation/8))
[^key-a8cf8773bde8f13831975eec452fa16f]: S. 263B(7) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 5](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/5), 52
[^key-e431175cb55a04fa7d2edb13772f7eaf]: S. 263D omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 6](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/6), 52
[^key-d8663d25d8a5406ccd02640ee9fabf4c]: Word in s. 263F(1)(c) inserted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(a)(i)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/a/i), 52
[^key-b992d255d02d6180b715d337811cc978]: S. 263F(1)(d) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(a)(ii)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/a/ii), 52
[^key-79242d794cfa0c90fe535a4faf91734a]: Words in s. 263F(2) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 7(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/7/b), 52
[^key-d1fdf484aff9b2900e4b6e91695cbdff]: S. 263G(1)(d) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 8(a)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/8/a), 52
[^key-e3be28cc444d4d72591df661216c5fd8]: Words in s. 263G(2) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 8(b)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/8/b), 52
[^key-a7de5642e77c8bc86484cc49bbf80098]: Words in s. 263H(3)(b) omitted (1.1.2014) by virtue of [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 9](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/9), 52
[^key-70347042eeefdbe1c75f8342eb1ebdb9]: S. 263I(1)(a)(b) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 10(2)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/10/2), 52
[^key-faa1ae602782f40bb37707d8c77a0fd4]: S. 263I(6) substituted (1.1.2014) by [Finance Act 2013 (c. 29)](https://www.legislation.gov.uk/ukpga/2013/29), [Sch. 29 paras. 10(3)](https://www.legislation.gov.uk/ukpga/2013/29/schedule/29/paragraph/10/3), 52
[^key-800399434acae2126f796d3de1981c71]: [S. 100(2)-(2B)](https://www.legislation.gov.uk/ukpga/1992/12/section/100/2) omitted (6.4.2014) by virtue of [The Unauthorised Unit Trusts (Tax) Regulations 2013 (S.I. 2013/2819)](https://www.legislation.gov.uk/uksi/2013/2819), [regs. 1(3)](https://www.legislation.gov.uk/uksi/2013/2819/regulation/1/3), [34](https://www.legislation.gov.uk/uksi/2013/2819/regulation/34) (with [reg. 32](https://www.legislation.gov.uk/uksi/2013/2819/regulation/32))
[^key-5e9fb2ac80b7cea3e995cf8f0e50383f]: Words in s. 105A substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 122(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/122/2), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-d7e3aeec49a4ea040bb8675e4017004a]: Word in s. 105A(1)(b)(ii) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 122(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/122/3), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-cc71e0b7f716b14b5c0470fee8a2a2c0]: Words in s. 105B(7)(8) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 123](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/123), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-a06b44f8bba89b8ff83a705b9a454221]: Words in s. 236A substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 34](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/34), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-3f817cdab092d71de9a7ac313920f24d]: Word in s. 238A heading omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/2), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-708cbad654133f38ec5fd7fd4e223f0f]: Word in s. 238A(1) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/3), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-002afad112e6f10c46614e927a97183c]: Words in s. 238A(2)(a) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 35(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/35/4), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-7baceeb32d6c1a51c605ab981fa046d7]: Words in s. 238A(2)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 124](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/124), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-9e92460c13ecb3ea7befba973f09e806]: Words in s. 238A(2)(c) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 184](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/184), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^key-3449efd984d25209b03b658943113f53]: Words in Sch. 7C heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 37](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/37), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-655a72590d045c8978d90343ae83a858]: Word in Sch. 7D heading omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 40](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/40), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-67ee2634420b09dfdc8de56246655b54]: Words in Sch. 7D Pt. 1 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 41](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/41), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-d1fbfcd8e9a48f4845a8453c1b09f247]: Words in Sch. 7D Pt. 2 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 126](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/126), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-04fcc4d9c88fe4e058136ca973539b57]: Words in Sch. 7D Pt. 3 heading substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 186](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/186), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_b3f3cac4-0c08-46f8-fc57-13b3f7599fee]: Word in Sch. 7D para. 11(1) omitted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), Sch. 8 paras. 187(2), 204 (with Sch. 8 paras. 205-215)
[^M_F_64ba3ff9-06fc-4cba-d35d-2aab95dbeebd]: Word in Sch. 7D para. 11(2) omitted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 187(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/187/2), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_4d921299-db8d-4b6b-8990-a424a199755c]: Words in Sch. 7D para. 11(3)(a)(i) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 187(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/187/3), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_601ae019-39a4-48e2-a704-6eff07a36d8f]: Words in Sch. 7D para. 12(4)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 188](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/188), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_bac86665-7795-49ea-9079-4992cd9f994c]: Words in Sch. 7D para. 13(1)(a) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 189](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/189), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^M_F_c0bed3de-a0c4-4707-8e40-abbaa327db18]: Words in Sch. 7D para. 13(3) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 189](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/189), [204](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/204) (with [Sch. 8 paras. 205-215](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/205))
[^key-2de2f59700a95b88d69b6877fe4f623d]: Words in Sch. 7C para. 2(1) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 38](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/38), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-98eae3168d717d424b64fdc6ae1e6314]: Words in Sch. 7D para. 1(1) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 42(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/42/2), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-066eca39c0025244e02609fb07bf70f8]: Word in Sch. 7D para. 1(2)(3) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 42(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/42/3), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-9a805f95cb49a5b01c9efa9f43840ac3]: Word in Sch. 7D para. 2(1)(a) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 43](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/43), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89) (with [Sch. 8 paras. 90-96](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/90))
[^key-6e82a5c451ac5643e9ad4c30dcb51584]: Word in Sch. 7D para. 9(1)(2) omitted (6.4.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 127](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/127), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-3e71b05d36c018cacaac66ba53e46931]: Words in Sch. 7D para. 10(1)(a)(i) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/2/a), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-51d2d1e8c8990e1c814808104ced5618]: Words in Sch. 7D para. 10(1)(b) substituted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/2/b), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-390623aee7d2b5ef41aea6629c54b621]: Sch. 7D para. 10(3)(3A) substituted for Sch. 7D para. 10(3) (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 128(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/128/3), [146](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/146) (with [Sch. 8 paras. 147-157](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/147))
[^key-073d0ce2ce81c943adb1fe43b4927e27]: Ss. 104-114 modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(2)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/2) (as amended (6.4.2008) by [S.I. 2008/704](https://www.legislation.gov.uk/uksi/2008/704), [regs. 1](https://www.legislation.gov.uk/uksi/2008/704/regulation/1), [15(2)](https://www.legislation.gov.uk/uksi/2008/704/regulation/15/2), (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 8 paras. 87](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/87), [89](https://www.legislation.gov.uk/ukpga/2014/26/schedule/8/paragraph/89))
[^M_F_1c87fe4b-5186-4ac2-add9-3a37001a8809]: Ss. 236H-236U and cross-heading inserted (with effect in accordance with [Sch. 37 para. 2](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/1) (with [Sch. 37 paras. 3](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/4))
[^M_F_243952e8-c54a-40d8-d8c3-b0142dd910e5]: S. 104(4A) inserted (with effect in accordance with [Sch. 37 para. 18(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/18/2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para 18(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/18/1)
[^key-00dfd986f9c886b2c7aa3a3397e220ad]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(a) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-f82cf439a48bf0086f6df9434e3f2a8f]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-1df9d4ee5b94c83656be93cecb00a530]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-3dd4c16c67cbfba39e1a4285c711e7a3]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-5889aa221ad38c55641b125526f38087]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-09b7a11886eeac5f26a384eae6686138]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-c702d14bbd5d9f6064853fa9a2cb45f8]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-e0c6c036b4045d60180030f9a1822a40]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-cff0ebc7e9e5e375b4928724b740517b]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 75A(3) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 14(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/1)[(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/14/2))
[^key-34dd9ac723c244bb30d3c5b711f5c28e]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 86(3A)(b) (as inserted (6.4.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/3)[(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/15/4))
[^key-bfa5d15b57122ea0292e0189245eb22d]: Words in s. 61(3)(a) substituted (22.4.2014) by [Crime and Courts Act 2013 (c. 22)](https://www.legislation.gov.uk/ukpga/2013/22), [s. 61(3)](https://www.legislation.gov.uk/ukpga/2013/22/section/61/3), [Sch. 9 para. 131](https://www.legislation.gov.uk/ukpga/2013/22/schedule/9/paragraph/131); [S.I. 2014/954](https://www.legislation.gov.uk/uksi/2014/954), [art. 2(c)](https://www.legislation.gov.uk/uksi/2014/954/article/2/c) (with [art. 3](https://www.legislation.gov.uk/uksi/2014/954/article/3)) (with transitional provisions and savings in [S.I. 2014/956](https://www.legislation.gov.uk/uksi/2014/956), arts. 3-11)
[^key-bad9459e008920cb17c2db6e416068e8]: Words in s. 61(3)(a) inserted (22.4.2014) by [The Crime and Courts Act 2013 (Family Court: Consequential Provision) Order 2014 (S.I. 2014/605)](https://www.legislation.gov.uk/uksi/2014/605), [arts. 1](https://www.legislation.gov.uk/uksi/2014/605/article/1), [20](https://www.legislation.gov.uk/uksi/2014/605/article/20)
[^key-ada88b341063e43111d75368a538850a]: S. 3(3) excluded (for the tax year 2014-15) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/8/2)
[^key-998f61fc605ea421b8e257fe74c7e659]: S. 3(3) excluded (for the tax year 2015-16) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 9(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/9/2)
[^key-adf4217a0bbd96a8c8c712d14f1b893e]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-aaaa0937550e25cbb0512d18007a2d11]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-0e232bff228df7f2696bfc08448c7cb5]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-c690b2c4ab4b897e8c9c2a7ede17e69f]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-3caf593353c42a277e3306d4f68d9c28]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 13A(2) (as inserted (with effect in accordance with Sch. 37 para. 10(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 10(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/10/1))
[^key-c771c31b6b7649eadb31cf1a0b2c4cfb]: S. 236I applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-549a7c8f4ea5f93baa41534597d786d5]: S. 236J applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-7485b67758ed9055c2d4c0df4232014a]: S. 236K applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-c8edb7e5bbb49a5a3bb71d183d501fa9]: S. 236M applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-c5a086c275d88d0b139d4ffcc3565a12]: S. 236T applied (with modifications) by Inheritance Tax Act 1984 (c. 51), s. 28A(2) (as inserted (with effect in accordance with Sch. 37 para. 11(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 11(1)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/11/1))
[^key-a6fa177212fc8b7b843721548379db45]: S. 127 modified by Income Tax Act 2007 (c. 3), s. 257TA(6) (as inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/11/paragraph/1))
[^key-c6c99bbaaae78f4fe6c4209025e522ae]: Ss. 236J, 236K applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(2)(b) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-0f06966b28289660a380e3a1c642e693]: S. 236L applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(3) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-3d38aaf5ddda74cc8cca5f13b0aa3ee0]: S. 236M applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312E(2)(a) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-c676840b9e82cece5328895b1bd708e4]: S. 286 applied by Income Tax (Earnings and Pensions) Act 2003 (c. 1), s. 312G(6)(c) (as inserted (with effect in accordance with Sch. 37 para. 8 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 37 para. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/37/paragraph/5))
[^key-9a8c86379f0b1cf0397a74d5810daeb9]: Words in s. 4(4)(5) inserted (with effect in accordance with Sch. 38 para. 15(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 38 para. 15(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/38/paragraph/15/2)
[^key-d77ceaa30d4f02bbb0c5505f86f45bc6]: Words in s. 4A(5) inserted (with effect in accordance with Sch. 38 para. 15(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 38 para. 15(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/38/paragraph/15/3)
[^key-9fb477175c6322164d001a41480fe276]: S. 12(1A) inserted (with effect in accordance with s. 59(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 59(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/59/2)
[^key-37384c0868d5acd17cfdb08f2a2e2bb8]: Words in [s. 72(1B)(a)(iii)](https://www.legislation.gov.uk/ukpga/1992/12/section/72/1B/a/iii) substituted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/2/a)
[^key-f502ae757a42f5bb3319aa4b7d986efd]: [S. 72(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/72/6) inserted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/2/b)
[^key-e3b2660dcf457c785e74dd3ee5889433]: Words in [s. 73(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/73/3) substituted (with effect in accordance with s. 60(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 60(3)](https://www.legislation.gov.uk/ukpga/2014/26/section/60/3)
[^key-6841a5c206e8264e9829b0800a4ede45]: Words in s. 150G omitted (17.7.2014) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/2)
[^key-e13bfc562530c9397bec1358f8a56b59]: Words in s. 155 inserted (with effect in accordance with s. 61(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 61(2)](https://www.legislation.gov.uk/ukpga/2014/26/section/61/2)
[^key-ff8002bb1c0d1e19a9dccd0f90fbf6c0]: Words in s. 155 inserted (with effect in accordance with s. 61(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 61(3)](https://www.legislation.gov.uk/ukpga/2014/26/section/61/3)
[^key-e1f7245fe4a9b3d9fd9331bacb28db2c]: Words in s. 156ZB(1) substituted (with effect in accordance with s. 62(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/62/1)
[^key-17db8a9893e85b61bdcd8f6f5dd20459]: S. 184G(2)(3) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(1)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/1/a)
[^key-04779e084d6bbf2d07051061d24bf48e]: Words in s. 184G(4) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(1)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/1/b)
[^key-136ecceebee57d6c5e26e274fa4dea6f]: Words in s. 184H(2)(b) omitted (with effect in accordance with s. 63(3) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/a)
[^key-9c5a731cdf1190510587d6b05e0fdd25]: S. 184H(3) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/b)
[^key-ce631c151d6359b630a353abab70f910]: S. 184H(4)(a) substituted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/c)
[^key-e9548a8d0c4cd857dc053d42f6e8bbae]: Words in s. 184H(10) inserted (with effect in accordance with s. 63(3) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 63(2)(d)](https://www.legislation.gov.uk/ukpga/2014/26/section/63/2/d)
[^key-2337140362be3ce4caefbc98ef12b523]: Words in s. 223(1) substituted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/a)
[^key-2c4c7806434653f56315eb70211d8ce6]: Words in s. 223(2)(a) substituted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/a)
[^key-450f73843eb698f426caba3cd38ef337]: S. 223(5)(6) omitted (with effect in accordance with s. 58(4) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/b)
[^key-ad22ec1fb9963982faf2d098bf9d8108]: Word in s. 223(8) omitted (with effect in accordance with s. 58(4) of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-cfaf111271de77d70d94739a73f94586]: S. 223(8)(ab) inserted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-d6680d3e5dcb3307e280da80cefd10c4]: S. 225E inserted (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 58(2)(c)](https://www.legislation.gov.uk/ukpga/2014/26/section/58/2/c)
[^key-27493a4269dfdfbbadb23624f6223d08]: Words in Sch. 5BB para. 1(2)(a) substituted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(1)(a)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/1/a)
[^key-db83615a0fe3dcc83be4a08b0ed08466]: Words in Sch. 5BB para. 1(5A) substituted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 55(1)(b)](https://www.legislation.gov.uk/ukpga/2014/26/section/55/1/b)
[^key-9c99c57e344a102d4a42a41c2a708215]: Sch. 7AC para. 15A(2A) inserted (with effect in accordance with s. 72(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/72/1)
[^key-e3b3aa19b40a2eb7074870b2d1c42381]: Ss. 59B, 59C inserted (with effect in accordance with Sch. 17 para. 21 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 17 para. 17](https://www.legislation.gov.uk/ukpga/2014/26/schedule/17/paragraph/17)
[^key-8876471476348382fc49f53488bd5bc8]: [Ss. 198J-198L](https://www.legislation.gov.uk/ukpga/1992/12/section/198J) inserted (with effect in accordance with s. 71(2) of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/71/1)
[^key-887803833668cc4bd95d80cb0b3d24c2]: [Ss. 255A-255E](https://www.legislation.gov.uk/ukpga/1992/12/section/255A) and cross-heading inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 12 para. 2](https://www.legislation.gov.uk/ukpga/2014/26/schedule/12/paragraph/2)
[^key-8dab66ea7e92522842922fca9da4cfcf]: Sch. 8B inserted (17.7.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 12 para. 3](https://www.legislation.gov.uk/ukpga/2014/26/schedule/12/paragraph/3)
[^key-68e2c5447653b99a2599a6e6eb8f451f]: Words in s. 140E(1)(b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 47(2)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/47/2) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 3(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/3/a), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-969bab592d0179e83055a96ce7d7fe52]: Words in s. 140E(9)(a) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 47(3)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/47/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 3(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/3/b), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-fb198d11de30cdb97700e5dc139b4865]: Words in [s. 140F(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140F/1/b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 48](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/48) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 4](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/4), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-b9163c8a191f05a58186717fbebed0c4]: Words in [s. 140G(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140G/1/b) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 49](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/49) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 5](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/5), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-28e2e5c9e22fe363e55d3455b9da5702]: Words in s. 170(2)(c) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 50(2)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/50/2) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 6(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/6/a), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-2cf5c953c48897f22303e1be263cc775]: Words in s. 170(9)(c) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 50(3)](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/50/3) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 6(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/6/b), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-bc6957f459b555a34cd088a88f191f30]: S. 217D(3)(a) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 52](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/52) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5))
[^key-83ea8b05b29003c496610d048c8ef90e]: S. 217D(3)(aa) inserted (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 para. 1](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/1), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15)
[^key-afa86923126aa4e0c57322b86cd07c46]: Words in s. 217D cross-heading substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 51](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/51) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5))
[^key-829df5d10f593bc006f197014acb2854]: Words in Sch. 7AC para. 26(4) substituted (1.8.2014) by [Co-operative and Community Benefit Societies Act 2014 (c. 14)](https://www.legislation.gov.uk/ukpga/2014/14), [s. 154](https://www.legislation.gov.uk/ukpga/2014/14/section/154), [Sch. 4 para. 53](https://www.legislation.gov.uk/ukpga/2014/14/schedule/4/paragraph/53) (with [Sch. 5](https://www.legislation.gov.uk/ukpga/2014/14/schedule/5)) (as amended (1.8.2014) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 39 paras. 7](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/7), [15](https://www.legislation.gov.uk/ukpga/2014/26/schedule/39/paragraph/15))
[^key-862e80f4d945873bbcafd29e0d3f74e4]: S. 169I modified (18.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 43(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/4)[(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/5)
[^key-cec4724b1e50bf1dd3df587ae935e0f0]: Words in s. 169S(5) omitted (18.3.2015) by virtue of [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 43(3)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/3)[(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/43/5)
[^key-bdfe37894ae95a44b3b7e1364d2bb475]: Words in s. 1(2A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/2)
[^key-21f99b9a2f6b246bbdc6c717e7659a4c]: S. 2(2A)(2B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 3(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/3/2)
[^key-7028142a38e39e6b82bbb5aedba7d7e0]: S. 2(7B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 3(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/3/3)
[^key-d5b8e5cbe5c7091cf8994734255e3aa0]: Words in s. 2B(10) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 4](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/4)
[^key-73a265907f07798fa82bf48b960c0e73]: Words in s. 2C(6) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/2)
[^key-25471b211cbfdad76243e4c82f83b07c]: Words in s. 2C(6) inserted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/3)
[^key-66e14145d1ae84fdffc3be9ca698d9b8]: Words in s. 2C(7)(b) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 2(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/2/4)
[^key-7db96124d19b4c0dbf427a98d197994f]: Sum in s. 2D(2) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/2)
[^key-4c442693ee19d9619f98f6c543b4a72d]: Sum in s. 2D(3) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/3)
[^key-cfe5b749868f686b9df6780c6052080f]: Sum in s. 2D(5) substituted (with effect in relation to disposals occurring in the tax year 2015-16 in accordance with Sch. 8 para. 3(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/3/4)
[^key-5079be6faeb5867956c9370b93cdf915]: Word in s. 2E(3) inserted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 5(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/5/a)
[^key-fa783c3cd2a87f8a642a6c17be7dc0c3]: Word in s. 2E(3) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 5(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/5/b)
[^key-a4a3b4a036708076f27a01141764218c]: Words in s. 3(5) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/2)
[^key-757678c5ae9e438600e3c35aba1c25fa]: S. 3(5BA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/3)
[^key-df19c86d24b7f8658501cc0c6dee1225]: Words in s. 3(5C) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/4)
[^key-2caa19c233f541cc0710db2c30121c0a]: S. 3(5D) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/5)
[^key-01f930414cc4d566e9c65053e9cd0fd2]: Word in s. 3(7) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 5(6)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/5/6)
[^key-021264ca1c705e7b153e4eaa7eca7603]: S. 4(3B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/6)
[^key-4d9b13db5252e54caebc13cc8e7404f5]: S. 4B substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/7)
[^key-38690e01b32ff0b17282612ceb38770d]: Words in s. 8(1)(b) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 8(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/8/2)
[^key-cbc6cea0ebaf3dab326119dbc118db66]: S. 8(4B) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 8(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/8/3)
[^key-0d2e0479c09603e6f312ed082af8253c]: S. 10A (as it has effect where the year of departure as defined in Finance Act 2013 (c. 29), Sch. 45 Pt. 4 is the tax year 2012-13 or an earlier tax year) amended (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 9](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/9)
[^key-be2cecbd15d78193a6c8b4a2fe99f907]: Words in s. 13(1A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 10](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/10)
[^key-02d69f83932a47f174039656cfee6352]: Ss. 14B-14H and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 11](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/11)
[^key-10564a19e43d6d03b59f1979ce0a3ba0]: Words in s. 16(3) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 12](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/12)
[^key-4cfd34b711e8df7aea9b01efb1207877]: S. 25ZA inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 13](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/13)
[^key-a646fbac18a15d1e78e9ae5458120a08]: S. 48A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 14](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/14)
[^key-e47060c0b938dc2ca1e11caab12cb622]: S. 45(3A)-(3D) inserted (with effect in accordance with s. 40(2) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 40(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/40/1)
[^key-e8aa4bd53cb8a6026ef68852efdaace6]: S. 57A(3) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 15](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/15)
[^key-50333ee3947bec49c2ba6c963eb404ac]: Pt. 2 Ch. 6 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 16](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/16)
[^key-2bed5fe34284c8e22e3ba81905012142]: Words in s. 62(2A) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 17(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/17/2)
[^key-170ff92131113772de572acb99eb8af2]: S. 62(2AA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 17(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/17/3)
[^key-eeb00e4ed69802e462c6024d5ccfe278]: S. 80A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 18](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/18)
[^key-36aa2b15407965804da31c78388fd5f9]: S. 86(4ZA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 19](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/19)
[^key-845b3ebcaecd324a1d0ed08d65d65926]: S. 87(5A) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 20](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/20)
[^key-8a103aff036356dd3cf2d2682f5c802a]: Words in s. 139(1A)(a) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/2/a)
[^key-1ddbb0b4d360ede20f57bf43d955e993]: Words in s. 139(1A)(b) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/2/b)
[^key-841d83452e4d440b1a6a7f48adff3798]: S. 139(1AA) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 21(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/21/3)
[^key-268b7c921f5f4442519ddf56ac65ec55]: S. 159A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 22](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/22)
[^key-f78631df0abf3ece90abdb92c711abd5]: Word in s. 165(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 23(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/23/2)
[^key-fc11cbde9674165879959c84c78002a6]: S. 165(7A)-(7C) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 23(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/23/3)
[^key-2ddd9bb8bd7a05d4ca0740c9bb5c6ee1]: Words in s. 166(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 24](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/24)
[^key-86b83bc5924bbb0e34ce5ebd25fbc947]: Words in s. 167(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 25](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/25)
[^key-2b4495b1fae1f23fbe9a2f63baf236a8]: S. 167A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 26](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/26)
[^key-125a9411a0a3e949cf7fbcdd381d8e36]: S. 168A inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 28](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/28)
[^key-f5bcfd90ce4ab08aca44abadcf0c083a]: S. 168(1)(aa) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 27](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/27)
[^key-c8773ffaf8ecafa017cdccfe451c69f4]: S. 187B inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 29](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/29)
[^key-c4cc9daedbca0e4cf18f2fa6e7f15d56]: Ss. 188A-188K and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 30](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/30)
[^key-99658ba87a175182b7537bc95f1c210f]: Words in s. 169H(3) substituted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/2)
[^key-882215c42fb250c3920eb00cb8b3efec]: S. 169K(1)-(2) substituted for s. 169K(1)(2) (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(2)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/2)
[^key-0cbe4588be59ea68597130259de53373]: Word in s. 169K(3) substituted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/3/a)
[^key-3e8d5e03c81bdce6e8e9653173a10064]: Words in s. 169K(3) substituted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/3/b)
[^key-36f9f91805e7e7c4242a767bb21ff46c]: S. 169K(3A)-(3C) inserted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/4)
[^key-acd557f27ac8e647130e6dbd56938ee7]: S. 169K(6)-(9) inserted (with effect in accordance with s. 41(6) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 41(5)](https://www.legislation.gov.uk/ukpga/2015/11/section/41/5)
[^key-bef6776b84ad5938c6f156e7b19c2160]: Words in s. 169L(2) inserted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(3)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/3)
[^key-54ea0f4b438d9f963d152234675185d4]: S. 169LA inserted (with effect in accordance with s. 42(5) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 42(4)](https://www.legislation.gov.uk/ukpga/2015/11/section/42/4)
[^key-b8c2e054d55f5523c6a7494d0d0d240a]: S. 222(6A) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 2(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/2/a)
[^key-42534c1061efd84f61762ac10cb61a39]: Word in s. 222(7) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 2(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/2/b)
[^key-72dac0ced9cf5235a50d33f0065dd7aa]: Ss. 222A-222C inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/3)
[^key-776d5c03a8494127e9a41e17fcefb37d]: Words in s. 223(3) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/2/a)
[^key-a8c90b296acc65d70b0b9a0bece2e6b6]: Words in s. 223(3) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/2/b)
[^key-39f079c6149982c7f4f07cc432340acc]: S. 223(7)-(7B) substituted for s. 223(7) (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 4(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/4/3)
[^key-3f930331b4f5427e5d514c3ebc426909]: S. 223A inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 5](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/5)
[^key-5a8119fdc0e02add89556da073464212]: S. 225 renumbered as s. 225(1) (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/2)
[^key-d0428df0a7828f9a3a01a28083210a84]: Word in s. 225(1) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/a)
[^key-1804b4a9e093c56132312275f1615a2d]: Words in s. 225(1)(a) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/b)
[^key-48465d231c9b7e398d987946ddc700a6]: Words in s. 225(1)(b) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(c)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/c)
[^key-18c40dde9ca6dfddcb077539ec9e58cc]: S. 225(1)(c) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(3)(d)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/3/d)
[^key-1f7b25a2ac6c69aba725d2a2c7a05162]: S. 225(2) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 6(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/6/4)
[^key-bb97c7d13b3267002df4d5bec8aca493]: Words in s. 225A(5)(a) substituted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/a)
[^key-f5cec2fc2a937d71551f77ff25ef5770]: S. 225A(5)(aa) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/b)
[^key-d74365c9ca39d55f815b87c3f7226e2b]: S. 225A(5)(c) and preceding word inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/2/c)
[^key-9d5eed612c5123a8936211a0802dd2c6]: S. 225A(7) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 7(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/7/3)
[^key-5f50ff015492d11e1d115de453ecdd46]: Words in s. 225B(4) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 8](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/8)
[^key-0e44197f080a90afb616207058361fea]: Words in s. 225E(6)(b) inserted (with effect in accordance with Sch. 9 para. 10 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 9 para. 9](https://www.legislation.gov.uk/ukpga/2015/11/schedule/9/paragraph/9)
[^key-72d53142f55817c8725dd008d8dc6c13]: Words in s. 260(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 31(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/31/2)
[^key-cb450b7cc15ecfecbb6e27df3df1f916]: S. 260(6ZA)-(6ZC) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 31(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/31/3)
[^key-dfa24ac12f0a6dcd49601bcb23bcb3df]: Words in s. 261(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 32](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/32)
[^key-ad9314f8418dff4ed2b6963a033a02ad]: S. 261ZA inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 33](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/33)
[^key-6055fca646ba138918692edb2e8e49e1]: S. 287(4)(b) substituted (with effect in accordance with s. 125(4) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 125(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/125/1)
[^key-62823b5600254a87fb375f64a7965d0f]: Words in s. 288(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 34](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/34)
[^key-72bc53b6c462636a0470c924944c0970]: Word in Sch. 1 para. 1(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 35(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/35/2)
[^key-7d7bdac92fa564e3ba52b5435d8847f0]: Word in Sch. 1 para. 2(1) substituted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 35(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/35/3)
[^key-6cf30a01410be4bcfed0a78ce0446500]: Sch. B1 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 36](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/36)
[^key-bf084d56738f6600bd69e1117220074c]: Sch. C1 inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 37](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/37)
[^key-c42e169de1ec34a55801e02cc9e5f38c]: Sch. 4C para. 4(3) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 40](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/40)
[^key-5298e4ef2996e70b1b8213b979189bda]: Sch. 4ZZA para. 1 renumbered as Sch. 4ZZA para. 1(1) (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/2)
[^key-8ea827cd9a71e4a507c0212f3bf9b40b]: Sch. 4ZZA para. 1(2) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/3)
[^key-dbddceaa97de77ff1bd40ecb7f56ab0f]: Words in Sch. 4ZZA para. 2(1) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/4)
[^key-398d0e6dec525acf8b13492039a9ec88]: Sch. 4ZZA para. 2 substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 8](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/8)
[^key-3d5c567b9218048b7f1f8c833ad6f89e]: Sch. 4ZZA para. 2 cross-heading substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 7](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/7)
[^key-2ef5a645c7846a7d891b8027ef12f5b2]: Words in Sch. 4ZZA para. 3(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/2)
[^key-6c194d2e22ab9f04268b95b1a7139645]: Words in Sch. 4ZZA para. 3(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/3/a)
[^key-d232a97f4531f47017f4a86fe236a303]: Words in Sch. 4ZZA para. 3(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/3/b)
[^key-ffdaaa8eb8b0eddde42c8bb475484e69]: Words in Sch. 4ZZA para. 3(5) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 9(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/9/4)
[^key-cb9d9949546a80ecc842913a5d739387]: Word in Sch. 4ZZA para. 4(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/2/a)
[^key-ddbc948425137f6a540a2d89891e6306]: Word in Sch. 4ZZA para. 4(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/2/b)
[^key-7837a4ab94abc74dcf97700d5d5e6d3c]: Word in Sch. 4ZZA para. 4(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(3)(a)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/3/a)
[^key-7f519ad666cf78858886ce0b39221b1e]: Words in Sch. 4ZZA para. 4(2) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(3)(b)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/3/b)
[^key-892cf70447c869895336c978a01a9238]: Word in Sch. 4ZZA para. 4(4) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/4)
[^key-da40e0fb2837e72e46a7812120b355f4]: Word in Sch. 4ZZA para. 4(5) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 10(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/10/5)
[^key-d2d63f820f2c5cdee612975cbff149e8]: Sch. 4ZZA para. 5(3A) inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(5)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/5)
[^key-d69fa54176f8db278626c5eb50b12e0c]: Words in Sch. 4ZZA para. 5(1) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(2)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/2)
[^key-d63cf11b05984e8129d1b728bb52e66c]: Words in Sch. 4ZZA para. 5(3) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(3)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/3)
[^key-317a2a7fea30661d3f3509937b94d878]: Sch. 4ZZA para. 5(6) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 11(4)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/11/4)
[^key-829d4b22523fe43a8e055389280fe7e4]: Sch. 4ZZA para. 6(1)(b) substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 13](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/13)
[^key-929564feb31c051dd38269e18fe78a3d]: Words in Sch. 4ZZA para. 6 cross-heading substituted (26.3.2015) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 8 para. 12](https://www.legislation.gov.uk/ukpga/2015/11/schedule/8/paragraph/12)
[^key-663d0fc42ade5ea32e8b912361084e9c]: Sch. 4ZZA para. 6A and cross-heading inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(6)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/6)
[^key-a4496365ec91b8392bcf2673ee7871c6]: Sch. 4ZZA paras. 8, 9 and cross-headings inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 38(7)](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/38/7)
[^key-68360b74b1a4b613c0acc1547b146d89]: Sch. 4ZZB inserted (with effect in accordance with Sch. 7 para. 60 of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [Sch. 7 para. 39](https://www.legislation.gov.uk/ukpga/2015/11/schedule/7/paragraph/39)
[^key-5bc0f123bcc473bdf47bcbb1f2b69152]: Pt. 5 Ch. 4 inserted (with effect in accordance with s. 44(2) of the amending Act) by [Finance Act 2015 (c. 11)](https://www.legislation.gov.uk/ukpga/2015/11), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2015/11/section/44/1)
[^key-f38d4c0585afa4e37c271a27fe1f17a8]: Words in [Sch. 2 para. 10(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/2/paragraph/10/3) substituted (N.I.) (13.2.2015 for specified purposes, 1.4.2015 in so far as not already in force) by [Planning Act (Northern-Ireland) 2011 (c. 25)](https://www.legislation.gov.uk/nia/2011/25), [s. 254(1)](https://www.legislation.gov.uk/nia/2011/25/section/254/1)[(2)](https://www.legislation.gov.uk/nia/2011/25/section/254/2), [Sch. 6 para. 64](https://www.legislation.gov.uk/nia/2011/25/schedule/6/paragraph/64) (with [s. 211](https://www.legislation.gov.uk/nia/2011/25/section/211)); [S.R. 2015/49](https://www.legislation.gov.uk/nisr/2015/49), [arts. 2](https://www.legislation.gov.uk/nisr/2015/49/article/2), [3](https://www.legislation.gov.uk/nisr/2015/49/article/3), [Sch. 1](https://www.legislation.gov.uk/nisr/2015/49/schedule/1) (with [Sch. 2](https://www.legislation.gov.uk/nisr/2015/49/schedule/2))
[^key-d24a1d6cd8e5b4f5c9e5c64b30196bbc]: Act applied (S.) (1.4.2015) by [Land and Buildings Transaction Tax (Scotland) Act 2013 (asp 11)](https://www.legislation.gov.uk/asp/2013/11), [ss. 62](https://www.legislation.gov.uk/asp/2013/11/section/62), [70(2)](https://www.legislation.gov.uk/asp/2013/11/section/70/2) (with [s. 69](https://www.legislation.gov.uk/asp/2013/11/section/69)); [S.S.I. 2015/108](https://www.legislation.gov.uk/ssi/2015/108), [art. 2](https://www.legislation.gov.uk/ssi/2015/108/article/2)
[^M_F_e04ebaad-c777-4a52-c438-c43f833f6814]: Sum in s. 3(2) substituted (for the tax year 2015-16) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [s. 9(1)](https://www.legislation.gov.uk/ukpga/2014/26/section/9/1)
[^key-803b90ffdbb3d0472acd38765934d7d0]: S. 272(3)(4) substituted (with effect in accordance with Sch. 26 para. 4(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 4(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/4); S.I. 2015/635, art. 2
[^key-8e40b6a07ce0bae797ebdfa43e201a57]: Words in s. 119A(5A) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 23](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/23), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-a701ae713fb8ce797d3ee90d565076cc]: Words in s. 119B heading substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(2)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/2), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-808156351b76990c5071a64a66fcfc7c]: Words in s. 119B(1) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(3)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/3), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-708a85824cfc3aed7ee33fb832355853]: S. 119B(1A) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(4)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/4), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-1179db347f187a15552e8e82088bb999]: Word in s. 119B(2) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(5)(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/5/a), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-8ca50a61f0f03a236ea06cae57a4fdd9]: S. 119B(2)(a) substituted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(5)(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/5/b), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-25f6b002bfe6cbd174b078024b30190e]: Word in s. 119B(3) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 24(6)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/24/6), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-6218c541addbb38daccb4d4bb70da74c]: Words in s. 144ZB(2)(a) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 25](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/25), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-a426f426afa6a4fcfa2e720b1e819c65]: Words in s. 149A(1)(b) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 26](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/26), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-43e89ea174550389a6b7e7912e8cfdcc]: Words in s. 149AA(7) inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 27(a)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/27/a), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-8caa0bb5aff7f19fde99ab642ec6da77]: S. 149AA(7)(b) and preceding word inserted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 27(b)](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/27/b), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-c734388a1673f627b2cd4856e5b970c2]: Words in s. 288(1A) omitted (with effect in accordance with Sch. 9 para. 48 of the amending Act) by virtue of [Finance Act 2014 (c. 26)](https://www.legislation.gov.uk/ukpga/2014/26), [Sch. 9 paras. 28](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/28), [47](https://www.legislation.gov.uk/ukpga/2014/26/schedule/9/paragraph/47)
[^key-f7515e7300a19e122aef1c08ad8ecbf5]: Words in [s. 263AZA(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/263AZA/2) substituted (26.5.2015) by [Deregulation Act 2015 (c. 20)](https://www.legislation.gov.uk/ukpga/2015/20), [ss. 57(3)(a)](https://www.legislation.gov.uk/ukpga/2015/20/section/57/3/a), [115(3)(e)](https://www.legislation.gov.uk/ukpga/2015/20/section/115/3/e)
[^M_C_7868c94b-dcf7-4e77-8f60-4675e94c7ea6]: S. 104 applied (with modifications) by [S.I. 1989/469](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as inserted by [S.I. 1996/846](https://www.legislation.gov.uk/uksi/1996/846), [reg. 11(b)](https://www.legislation.gov.uk/uksi/1996/846/regulation/11/b))
[^M_C_8a1ef054-e170-454f-efce-eedea094e571]: S. 107 modified by [S.I. 1989/469](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27A(2A)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27A/2A) (as inserted (6.4.1996) by [S.I. 1996/846](https://www.legislation.gov.uk/uksi/1996/846), [reg. 11(b)](https://www.legislation.gov.uk/uksi/1996/846/regulation/11/b))
[^M_C_edafdbcc-c58c-4a4d-a7c7-469c9ebf9ee1]: S. 21(2)(b) applied by [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9), [Sch. 3ZC para. 12(2)](https://www.legislation.gov.uk/ukpga/1970/9/schedule/3ZC/paragraph/12/2) (as inserted (retrospective to 11.7.2019 and with effect in accordance with [Sch. 7 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2020/14/schedule/7/paragraph/4/1/a) of the amending Act) by [Finance Act 2020 (c. 14)](https://www.legislation.gov.uk/ukpga/2020/14), [Sch. 7 para. 2](https://www.legislation.gov.uk/ukpga/2020/14/schedule/7/paragraph/2))
#### Expenditure reimbursed out of public money.
#### Shares beginning or ceasing to be shares to which section 521B of CTA 2009 applies
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
#### Meaning of “qualifying corporate bond".
#### Calculation of the disposal cost of accumulation units
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
#### Section 119A: unchargeable, and unremitted chargeable, foreign securities income
#### Roll-over relief on re-investment by trustees.
#### Application of sections 127 to 131.
#### Seed enterprise investment scheme: reduction of relief
#### Use of earn-out rights for exchange of securities.
##### 98A
Schedule 5A to this Act (which contains general provisions about information relating to settlements with a foreign element) shall have effect.
##### 144A
- (1) In any case where—
- (a) an option is exercised; and
- (b) the nature of the option (or its exercise) is such that the grantor of the option is liable to make, and the person exercising it is entitled to receive, a payment in full settlement of all obligations under the option,
subsections (2) and (3) below shall apply in place of subsections (2) and (3) of section 144.
- (2) As regards the grantor of the option—
- (a) he shall be treated as having disposed of an asset (namely, his liability to make the payment) and the payment made by him shall be treated as incidental costs to him of making the disposal; and
- (b) the grant of the option and the disposal shall be treated as a single transaction and the consideration for the option shall be treated as the consideration for the disposal.
- (3) As regards the person exercising the option—
- (a) he shall be treated as having disposed of an asset (namely, his entitlement to receive the payment) and the payment received by him shall be treated as the consideration for the disposal;
- (b) the acquisition of the option (whether directly from the grantor or not) and the disposal shall be treated as a single transaction and the cost of acquiring the option shall be treated as expenditure allowable as a deduction under section 38(1)(a) from the consideration for the disposal; and
- (c) for the purpose of computing the indexation allowance (if any) on the disposal, the cost of the option shall be treated (notwithstanding paragraph (b) above) as incurred when the option was acquired.
- (4) In any case where subsections (2) and (3) above would apply as mentioned in subsection (1) above if the reference in that subsection to full settlement included a reference to partial settlement, those subsections and subsections (2) and (3) of section 144 shall both apply but with the following modifications—
- (a) for any reference to the grant or acquisition of the option there shall be substituted a reference to the grant or acquisition of so much of the option as relates to the making and receipt of the payment or, as the case may be, the sale or purchase by the grantor; and
- (b) for any reference to the consideration for, or the cost of or of acquiring, the option there shall be substituted a reference to the appropriate proportion of that consideration or cost.
- (5) In this section “*appropriate proportion*” means such proportion as may be just and reasonable in all the circumstances.
##### 150A
- (1) For the purpose of determining the gain or loss on any disposal of ... shares by an individual where—
- (a) an amount of EIS relief is attributable to the shares, and
- (b) apart from this subsection there would be a loss,
the consideration given by him for the shares shall be treated as reduced by the amount of the EIS relief.
- (2) Subject to subsection (3) below, if on any disposal of ... shares by an individual after the end of the period referred to in section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 where an amount of EIS relief is attributable to the shares, there would (apart from this subsection) be a gain, the gain shall not be a chargeable gain.
- (2A) Notwithstanding anything in section 16(2), subsection (2) above shall not apply to a disposal on which a loss accrues.
- (3) Where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 304 of the Taxes Act or section 245 of ITA 2007 (spouses and civil partners) as reduced) for any year of assessment under section 289A of the Taxes Act or section 158 of ITA 2007 in respect of any issue of shares,
- (b) the amount of the reduction (“A”) is less than the amount (“B”) which is equal to tax at the EIS original rate for that year on the amount subscribed for the issue, and
- (c) A is not found under section 289A(2)(b) of the Taxes Act or (as the case may require) is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007,
then, if there is a disposal of the shares on which there is a gain, subsection (2) above shall apply only to so much of the gain as is found by multiplying it by the fraction—
$AB$
- (3A) In subsection (3) “*EIS original rate*” has the meaning given by section 256A of ITA 2007, except that where the year mentioned in subsection (3)(b) is the tax year 2007-08 or an earlier year, it means 20%.
- (4) Any question as to—
- (a) which of any shares acquired by an individual at different times a disposal relates to, being shares to which EIS relief is attributable, or
- (b) whether a disposal relates to shares to which EIS relief is attributable or to other shares,
shall for the purposes of capital gains tax be determined as for the purposes of section 299 of the Taxes Act or as provided by section 246 of ITA 2007; and Chapter I of this Part shall have effect subject to the foregoing provisions of this subsection.
- (5) Sections 104, 105 and 106A shall not apply to shares to which EIS relief is attributable.
- (6) Where an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds, namely—
- (a) shares to which EIS relief is attributable and to which subsection (6A) below applies,
- (b) shares to which EIS relief is attributable and to which that subsection does not apply, ...
- (ba) shares to which SEIS relief is attributable; and
- (c) shares to which neither EIS nor SEIS relief is attributable,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply (subject to the following provisions of this section) separately to shares falling within paragraph (a), (b), (ba) or (c) above (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (6A) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 5B to this Act against the whole or part of any gain; and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (7) Where—
- (a) an individual holds shares (“*the existing holding*”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, EIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 shall not apply in relation to the existing holding.
- (8) Sections 135 and 136 shall not apply in respect of shares to which EIS relief is attributable.
- (8A) Subsection (8) above shall not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company’s assets on its winding up and no present or future ... right to be redeemed,
- (b) the new shares are issued on or after 29th November 1994 and after the end of the relevant period, and
- (c) the condition in subsection (8B) below is satisfied.
- (8B) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007.
- (8C) In subsection (8A) above—
- (a) “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136;
- (b) “*relevant period*” means the period found by applying section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (8) above and by reference to those shares.
- (8D) Where shares to which EIS relief is attributable are exchanged for other shares in circumstances such that section 304A of the Taxes Act or section 247 of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (8) above shall not have effect to disapply section 135; and
- (b) the following—
- (i) subsections (2)(b), (3) and (4) of section 304A of the Taxes Act and subsection (5) of that section so far as relating to section 306(2) of that Act, or
- (ii) sections 247(3)(b), 248(2)(a) and 249 of ITA 2007,
shall apply for the purposes of this section as they apply for the purposes of Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (9) Where the EIS relief attributable to any shares is reduced by virtue of section 305(2) of the Taxes Act—
- (a) the sums allowable as deductions from the consideration in the computation, for the purposes of capital gains tax, of the gain or loss accruing to an individual on the disposal of any of the allotted shares or debentures shall be taken to include the amount of the reduction apportioned between the allotted shares or (as the case may be) debentures in a way which is just and reasonable, and
- (b) the sums so allowable on the disposal (in circumstances in which the preceding provisions of this section do not apply) of any of the shares referred to in section 305(1)(a) shall be taken to be reduced by the amount mentioned in paragraph (a) above, similarly apportioned between those shares.
- (10) There shall be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of EIS relief being given or withdrawn.
- (10A) In this section—
- “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*SEIS relief*” means relief under Part 5A of ITA 2007.
- (11) Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) applies for the purposes of this section to determine whether EIS relief is attributable to any shares and, if so, the amount of EIS relief so attributable; and “*eligible shares*” has the same meaning as in that Chapter or means shares that meet the requirements of section 173(2) of ITA 2007.
- (12) References in this section to Chapter III of Part VII of the Taxes Act or any provision of that Chapter are to that Chapter or provision as it applies in relation to shares issued on or after 1st January 1994.
- (13) References in this section to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.
##### 164BA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 164MA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Exemption for certain EEA UCITS
#### Exemption for authorised unit trusts etc.
#### Effect of share loss relief
@@ -24354,7 +24356,7 @@
- (b) where (apart from section 279C) a loss is to be treated by virtue of section 10A(2) as accruing in a particular period, whether the loss is an allowable loss.
#### Application of sections 127 to 131.
#### Effect of share loss relief
##### 279C
@@ -24936,11 +24938,11 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Use of earn-out rights for exchange of securities.
#### Procedure for clearance in advance.
#### Disincorporation relief: post-FA 2002 goodwill
#### Roll-over relief on re-investment by trustees.
#### Relief on re-investment for individuals.
##### 148A
@@ -25000,9690 +25002,9690 @@
#### Material disposal of business assets
#### Introduction
##### 149AB
- (1) Where an individual has acquired shares (or an interest in shares) in circumstances where section 452(1) and (2)(a) of ITEPA 2003 (shares in research institution spin-out companies: market value on acquisition) apply (and section 149AA does not apply in relation to those shares (or interest in shares)) the consideration for the acquisition shall (subject to section 119A) be taken to be equal to the aggregate of—
- (a) the actual amount or value given for the shares (or interest in shares), and
- (b) any amount that constituted earnings under Chapter 1 of Part 3 of ITEPA 2003 (earnings) in respect of the acquisition.
- (2) Subsection (1) above applies only to the individual making the acquisition and, accordingly, is to be disregarded in calculating the consideration received by the person from whom the shares (or interest in shares) are (or is) acquired.
##### 83A
- (1) This section applies if a chargeable gain accrues to the trustees of a settlement on the disposal by them of an asset in a year of assessment and the trustees—
- (a) are within the charge to capital gains tax in that year of assessment, but
- (b) are non-UK resident at the time of the disposal.
- (2) Where this section applies, nothing in any double taxation relief arrangements shall be read as preventing the trustees from being chargeable to capital gains tax (or as preventing a charge to tax arising, whether or not on the trustees) by virtue of the accrual of that gain.
- (3) For the purposes of this section the trustees of a settlement are within the charge to capital gains tax in a year of assessment—
- (a) if, during any part of that year of assessment, they are resident ... in the United Kingdom and not Treaty non-resident, ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this section the trustees of a settlement are non-UK resident at a particular time if, at that time,—
- (a) they are not resident in the United Kingdom, or
- (b) they are resident ... in the United Kingdom but are Treaty non-resident.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 99B
- (1) For the purposes of computing the gain accruing on a disposal by a unit holder of units in a unit trust scheme and for the purposes of all other provisions of this Act, an amount shall be treated as expenditure falling within section 38(1)(b) if—
- (a) it represents income from the investments subject to the unit trust scheme,
- (b) it has been reinvested in respect of the units on behalf of the unit holder (without an issue of new units), and
- (c) it is either—
- (i) charged to income tax as income of the unit holder (or would be charged to income tax as his income but for a relief which has effect in respect of it) for the purposes of the Income Tax Acts, or
- (ii) taken into account as a receipt in calculating profits, gains or losses of the unit holder for the purposes of the Income Tax Acts.
- (2) Where an amount is treated as expenditure by virtue of subsection (1), the expenditure shall be treated for the purposes of this Act as having been incurred—
- (a) in relation to an authorised unit trust, on the distribution date for the distribution period in respect of which the amount is reinvested, and
- (b) in relation to any other unit trust scheme, on the date on which the amount is reinvested.
- (3) In subsection (2)(a) “*distribution date*” and “*distribution period*” shall have the meaning given by regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see regulation 15 of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)).
#### Sub-fund settlements
### Mergers within European Community
##### 140E
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that —
- (a) each of the merging companies is resident in a member State,
- (b) the merging companies are not all resident in the same State,
- (c) section 139 does not apply to any qualifying transferred assets,
- (d) in the case of a merger to which subsection (1)(a), (b) or (c) applies, either─
- (i) the transfer of assets and liabilities is made in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (ii) sub-paragraph (i) is not satisfied by reason only, and to the extent only, that the transferee is prevented from complying with sub-paragraph (i) by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself, and
- (e) in the case of a merger to which subsection (1)(c) or (d) applies, in the course of the merger each transferor ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986).
- (3) Where this section applies, qualifying transferred assets shall be treated for the purposes of corporation tax on chargeable gains as if acquired by the transferee for a consideration resulting in neither gain nor loss for the transferor.
- (4) For the purposes of subsections (2) and (3) an asset is a qualifying transferred asset if—
- (a) it is transferred to the transferee as part of the process of the merger, and
- (b) subsections (5) and (6) are satisfied in respect of it.
- (5) This subsection is satisfied in respect of a transferred asset if—
- (a) the transferor is resident in the United Kingdom at the time of the transfer, or
- (b) any gain that would have accrued to the transferor, had it disposed of the asset immediately before the time of the transfer, would have been a chargeable gain forming part of the transferor’s chargeable profits in accordance with section 10B.
- (6) This subsection is satisfied in respect of a transferred asset if—
- (a) the transferee is resident in the United Kingdom at the time of the transfer, or
- (b) any gain that would accrue to the transferee were it to dispose of the asset immediately after the transfer would be a chargeable gain forming part of the transferee’s chargeable profits in accordance with section 10B.
- (7) If subsection (2)(d)(ii) applies in relation to a transfer of assets and liabilities on a merger (in whole or in part), sections 24 and 122 do not apply.
- (8) This section does not apply in relation to a merger if—
- (a) it is not effected for bona fide commercial reasons, or
- (b) it forms part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoiding liability to corporation tax, capital gains tax or income tax,
- and section 138 (clearance in advance) shall apply to this subsection as it applies to section 137 (with any necessary modifications).
- (9) In this section—
- (a) “cooperative society” means a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969 or a similar society established in accordance with the law of a member State other than the United Kingdom,
- (b) “transferor” means—
- (i) in relation to a merger to which subsection (1)(a) applies, each company merging to form the SE,
- (ii) in relation to a merger to which subsection (1)(b) applies, each cooperative society merging to form the SCE, and
- (iii) in relation to a merger to which subsection (1)(c) or (d) applies, each company transferring all of its assets and liabilities,
- (c) “transferee” means—
- (i) in relation to a merger to which subsection (1)(a) applies, the SE,
- (ii) in relation to a merger to which subsection (1)(b) applies, the SCE, and
- (iii) in relation to a merger to which subsection (1)(c) or (d) applies, the company to which assets and liabilities are transferred, and
- (d) references in subsections (1)(c) and (2) to (7) to a company include references to a cooperative society.
##### 140F
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that—
- (a) each merging company is resident in a member State,
- (b) the merging companies are not all resident in the same State,
- (c) in the course of the merger a company resident in the United Kingdom (“company A”) transfers to a company resident in another member State (“company B”) all assets and liabilities relating to a business which company A carried on in a member State other than the United Kingdom through a permanent establishment,
- (d) the aggregate of the chargeable gains accruing to company A on the transfer exceeds the aggregate of any allowable losses so accruing, ...
- (e) in the case of a merger to which subsection (1)(a), (b) or (c) applies, either─
- (i) the transfer of assets and liabilities is made in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (ii) sub-paragraph (i) is not satisfied by reason only, and to the extent only, that the transferee is prevented from complying with sub-paragraph (i) by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself and
- (f) in the case of a merger to which subsection (1)(c) or (d) applies, in the course of the merger each transferor ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c.55)).
- (3) Where this section applies, for the purposes of this Act—
- (a) the allowable losses accruing to company A on the transfer shall be set off against the chargeable gains so accruing, and
- (b) the transfer shall be treated as giving rise to a single chargeable gain equal to the aggregate of those gains after deducting the aggregate of those losses.
- (4) Where this section applies, section 122 of TIOPA 2010 (tax treated as chargeable in respect of gains on transfer of non-UK business) shall also apply.
- (5) Subsections (8) and (9) of section 140E apply for the purposes of this section as they apply for the purposes of that section.
##### 140G
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that—
- (a) each of the merging companies is resident in a member State,
- (b) the merging companies are not all resident in the same State, and
- (c) the merger does not constitute or form part of a scheme of reconstruction within the meaning of section 136.
- (3) Where this section applies, the merger shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.
- (4) Where section 136 applies by virtue of subsection (3) above section 136(6) (and section 137) shall not apply.
- (5) Subsections (8) and (9) of section 140E apply for the purposes of this section as they apply for the purposes of that section.
##### 144ZB
- (1) This section applies where—
- (a) section 144ZA would apply but for this section in relation to an option, and
- (b) the exercise of the option is non-commercial (see section 144ZC).
- (2) But this section does not apply if—
- (a) the option is a securities option within the meaning of Chapter 5 of Part 7 of ITEPA 2003 (see section 420(8) of that Act) to which that Chapter applies ... (see section 471 of that Act), or
- (b) section 144ZD of this Act (value of underlying subject matter of option altered with a view to obtaining a tax advantage) applies in relation to the option.
- (3) Where this section applies, neither section 144ZA nor the following provisions of section 144 shall apply in relation to the option—
- (a) in subsection (2), the words from “and accordingly” to the end of that subsection, and
- (b) in subsection (3), the words from “and accordingly” to the end of that subsection;
but subsection (4) or (5) below shall instead have effect (subject to subsection (6) below).
- (4) If the option binds the grantor to buy—
- (a) the cost of acquisition incurred by the grantor in buying in pursuance of his obligations under the option, and
- (b) the consideration for the disposal of what is bought by the grantor,
shall be deemed for the purposes of tax in respect of chargeable gains to be the market value, at the time the option is exercised, of what is bought.
- (5) If the option binds the grantor to sell—
- (a) the consideration for the sale, and
- (b) the cost to the person exercising the option of acquiring what is sold,
shall be deemed for the purposes of tax in respect of chargeable gains to be the market value, at the time the option is exercised, of what is sold.
- (6) But if the whole or any part of the underlying subject matter of the option (see subsection (7)) is subject to any right or restriction which is enforceable by the person disposing of the underlying subject matter or a person connected with him—
- (a) the market value of the underlying subject matter shall be determined for the purposes of subsection (4) or (5) above as if the right or restriction did not exist, and
- (b) to the extent that subsection (6) or (7) of section 18 would apply apart from this paragraph, it shall be disregarded.
- (7) In this section “*underlying subject matter*”, in relation to an option, means—
- (a) if the option binds the grantor to sell, what falls to be sold on exercise of the option;
- (b) if the option binds the grantor to buy, what falls to be bought on exercise of the option.
##### 144ZC
- (1) For the purposes of section 144ZB, the exercise of an option which binds the grantor to buy is non-commercial if the exercise price for the option (see subsection (3)) is less than the open market price (see subsection (4)) of what is bought.
- (2) For the purposes of section 144ZB, the exercise of an option which binds the grantor to sell is non-commercial if the exercise price for the option is greater than the open market price of what is sold.
- (3) In this section “*exercise price*”, in relation to an option, means the amount or value of the consideration which, under the terms of the option, is—
- (a) receivable (if the option binds the grantor to buy), or
- (b) payable (if the option binds the grantor to sell),
as a result of the exercise of the option (and does not include the amount or value of any consideration for the acquisition of the option (whether directly from the grantor or not)).
- (4) In this section “*open market price*”, in relation to the underlying subject matter of an option (see section 144ZB(7)), means the price which the underlying subject matter might reasonably be expected to fetch on a sale in the open market at the time the option is exercised; and subsections (5) to (7) below apply for the purposes of this subsection.
- (5) If the whole or any part of the underlying subject matter of the option is subject to any right or restriction which is enforceable by—
- (a) the person disposing of the underlying subject matter, or
- (b) a person connected with him,
the open market price of the underlying subject matter shall be determined as if the right or restriction did not exist.
- (6) Section 272(2) (no reduction in estimated market value on account of assumption that whole of assets are placed on market at one time) shall apply in estimating the open market price of the underlying subject matter of an option as it applies in estimating the market value of any assets.
- (7) Where the underlying subject matter of an option comprises or includes assets to which section 273 applies (unquoted shares and securities), subsection (3) of that section (assumption that relevant information is available) shall apply in determining the open market price of those assets as it applies for the purposes of a determination falling within subsection (1) of that section.
- (8) This section is to be construed as one with section 144ZB.
##### 144ZD
- (1) This section applies in relation to an option if each of the following conditions is satisfied (as to the effect of this section applying, see section 144ZB(2)(b)).
- (2) Condition 1 is that section 144ZB would, apart from subsection (2)(b) of that section, apply in relation to the option.
- (3) Condition 2 is that, at the time the option is exercised, the open market price (see section 144ZC(4)) of the underlying subject matter of the option (see section 144ZB(7)) differs from the open market price of the underlying subject matter of the option at the time the option was granted.
- (4) Condition 3 is that some or all of that change in the open market price of the underlying subject matter of the option results to any extent, directly or indirectly, from arrangements (see subsection (8)) (“the relevant arrangements”)—
- (a) to which a relevant person is or has been a party, or
- (b) which include one or more transactions to which a relevant person is or has been a party.
- (5) In subsection (4) above “*relevant person*” means any of the following—
- (a) the grantor of the option;
- (b) any person who at any time holds the option;
- (c) a person connected with one or more of the persons mentioned in paragraph (a) or (b) above.
- (6) Condition 4 is that, if there were to be disregarded so much of that change in the open market price of the underlying subject matter of the option as results to any extent, directly or indirectly, from the relevant arrangements, the exercise of the option would not be non-commercial (see section 144ZC).
- (7) Condition 5 is that (apart from this section) as a result, directly or indirectly, of the relevant arrangements—
- (a) the grantor of the option, or
- (b) the person exercising the option,
would obtain or might be expected to obtain an advantage (see subsection (9)) in relation to capital gains tax or corporation tax in respect of chargeable gains directly or indirectly in consequence of, or otherwise in connection with, the exercise of the option.
- (8) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (9) In this section “*advantage*”, in relation to capital gains tax or corporation tax in respect of chargeable gains, means—
- (a) relief or increased relief from, or repayment or increased repayment of, that tax, or the avoidance or reduction of a charge to that tax or an assessment to that tax or the avoidance of a possible assessment to that tax, or
- (b) the deferral of any payment of that tax or the advancement of any repayment of that tax.
- (10) This section is to be construed as one with sections 144ZB and 144ZC.
##### 151D
- (1) This section applies if—
- (a) as a result of any scheme or arrangement which has an unallowable purpose, the circumstances are, or might have been, as mentioned in paragraph (a), (b) or (c) of section 452G(2) of ITTOIA 2005,
- (b) under the scheme or arrangement, a payment falls to be made otherwise than in respect of the acquisition or disposal of a corporate strip, and
- (c) as a result of that payment or the circumstances in which it is made, a loss accrues to any person.
- (2) The loss shall not be an allowable loss.
- (3) For the purposes of this section a scheme or arrangement has an unallowable purpose if the main benefit, or one of the main benefits, that might have been expected to result from, or from any provision of, the scheme or arrangement (apart from section 452G of ITTOIA 2005 and this section) is—
- (a) the obtaining of a tax advantage by any person, or
- (b) the accrual to any person of an allowable loss.
- (4) The reference in subsection (1)(b) above to the acquisition or disposal of a corporate strip shall be construed as if it were in Chapter 8 of Part 4 of ITTOIA 2005 (profits from deeply discounted securities) (see, in particular, sections 437 and 452F of that Act for the meaning of “*disposal*” and section 452E of that Act for the meaning of “*corporate strip*”).
- (5) In subsection (3)(a) above “*tax advantage*” has the meaning given by section 1139 of CTA 2010.
- (6) This section applies to losses accruing on or after 6th April 2005.
#### Relief on re-investment for individuals.
##### 275A
- (1) This section applies for the purpose of determining whether the situation of an intangible asset (“asset A”) is in the United Kingdom if the situation of asset A is not otherwise determined (see section 275B(1)).
- (2) In this section “*intangible asset*” means—
- (a) intangible or incorporeal property and includes a thing in action, or
- (b) anything that under the law of a country or territory outside the United Kingdom corresponds or is similar to intangible or incorporeal property or a thing in action.
- (3) If asset A is subject to UK law (see section 275B(2)) at the time it is created, it shall be taken for the purposes of this Act to be situated in the United Kingdom at all times.
- (4) Subsections (5) to (9) below have effect if asset A—
- (a) is a future or option (see section 275B(3)), and
- (b) is not subject to UK law at the time it is created.
- (5) If, as a result of the application of the rule in subsection (6) below in relation to asset A or any other asset or assets, asset A falls to be treated as being subject to UK law at the time it is created, it shall be taken for the purposes of this Act to be situated in the United Kingdom at all times.
- (6) That rule is that where, in the case of any intangible asset,—
- (a) the asset is a future or option,
- (b) the underlying subject matter (see section 275B(4)) of the asset consists of or includes an asset which is an intangible asset, and
- (c) either—
- (i) that intangible asset is subject to UK law at the time it is created and, on the assumption that there were no rights or interests in or over that asset, the situation of that asset would not be otherwise determined, or
- (ii) that intangible asset is treated by this subsection as being so subject at that time,
the intangible asset mentioned in paragraph (a) above is to be treated for the purposes of subsection (5) above and this subsection as being so subject at the time it is created.
- (7) If—
- (a) asset A is not taken to be situated in the United Kingdom by virtue of subsection (5) above, and
- (b) as a result of the application of the rule in subsection (8) below in relation to asset A or any other asset or assets, asset A falls to be treated as being situated in the United Kingdom at any time,
it shall be taken for the purposes of this Act to be situated in the United Kingdom at that time.
- (8) That rule is that where, in the case of any intangible asset,—
- (a) the asset is a future or option, and
- (b) the underlying subject matter of the asset consists of or includes an asset—
- (i) which is, by virtue of subsection (9) below or of any provision of this Act apart from this section, situated in the United Kingdom at any time, or
- (ii) which is treated by this subsection as being so situated at any time,
the intangible asset mentioned in paragraph (a) above is to be treated for the purposes of subsection (7) above and this subsection as being so situated at that time.
- (9) Where—
- (a) the underlying subject matter of a future or option consists of or includes shares or debentures issued by a company incorporated in any part of the United Kingdom, but
- (b) at the time the future or option is created, those shares or debentures have not been issued,
the underlying subject matter of the future or option, so far as consisting of or including those shares or debentures, is to be taken, for the purposes of subsection (8) above, to consist of or include an asset which is situated in the United Kingdom at all times.
##### 275B
- (1) For the purposes of section 275A, the situation of an asset is not otherwise determined if, apart from that section, this Act does not make any provision for determining—
- (a) the situation of the asset, or
- (b) whether the situation of the asset is in the United Kingdom.
- (2) For the purposes of section 275A, an intangible asset is subject to UK law at a particular time if any right or interest which comprises or forms part of the asset is, at that time,—
- (a) governed by, or otherwise subject to, or
- (b) enforceable under,
the law of any part of the United Kingdom.
- (3) In section 275A—
- “*future*” has the meaning given by section 581 of CTA 2009, and
- “*option*” has the meaning given by section 580 of that Act.
- (4) For the purposes of section 275A—
- (a) the underlying subject matter of a future is the property which, if the future were to run to delivery, would fall to be delivered at the date and price agreed when the contract is made, and
- (b) the underlying subject matter of an option is the property which would fall to be delivered if the option were exercised.
- (5) Section 275A is subject to section 275C (location of assets: interests of co-owners).
- (6) This section is to be construed as one with section 275A.
##### 275C
- (1) This section applies for determining for the purposes of this Act—
- (a) the situation of an interest (see subsection (4)) in an asset, or
- (b) whether the situation of an interest in an asset is in the United Kingdom.
- (2) The situation of the interest in the asset shall be taken to be the same as the situation of the asset, as determined in accordance with subsection (3) below.
- (3) The situation of the asset for the purposes of subsection (2) above shall be determined on the assumption that the asset is wholly-owned by the person holding the interest in the asset.
- (4) In this section “*interest*”, in relation to an asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).
#### Postponement of charge on transfer of assets to non-resident company.
#### Seed enterprise investment scheme: re-investment
#### Tax exempt distributions.
#### Company that receives mixed consideration: N exceeds C
##### 68A
- (1) In this Act, unless the context otherwise requires—
- (a) “*settlor*” in relation to a settlement means the person, or any of the persons, who has made, or is treated for the purposes of this Act as having made, the settlement, and
- (b) a person is a settlor of property which—
- (i) is settled property by reason of his having made the settlement (or by reason of an event which causes him to be treated under this Act as having made the settlement), or
- (ii) derives from property to which sub-paragraph (i) applies.
- (2) A person is treated for the purposes of this Act as having made a settlement if—
- (a) he has made or entered into the settlement, directly or indirectly, or
- (b) the settled property, or property from which the settled property is derived, is or includes property of which he was competent to dispose immediately before his death, and the settlement arose on his death, whether by will, on his intestacy, or otherwise.
- (3) A person is, in particular, treated for the purposes of this Act as having made a settlement if—
- (a) he has provided property directly or indirectly for the purposes of the settlement, or
- (b) he has undertaken to provide property directly or indirectly for the purposes of the settlement.
- (4) Where one person (A) makes or enters into a settlement in accordance with reciprocal arrangements with another person (B), for the purposes of this Act—
- (a) B shall be treated as having made the settlement, and
- (b) A shall not be treated as having made the settlement by reason only of the reciprocal arrangements.
- (5) In subsection (2)(b) “*property of which he was competent to dispose immediately before his death*” shall be construed in accordance with section 62(10) (reading each reference to “assets” as a reference to “property”).
- (6) A person who has been a settlor in relation to a settlement shall be treated for the purposes of this Act as having ceased to be a settlor in relation to the settlement if—
- (a) no property of which he is a settlor is comprised in the settlement,
- (b) he has not undertaken to provide property directly or indirectly for the purposes of the settlement in the future, and
- (c) he has not made reciprocal arrangements with another person for that other person to enter into the settlement in the future.
- (7) For the purpose of this section and sections 68B and 68C property is derived from other property—
- (a) if it derives (directly or indirectly and wholly or partly) from that property or any part of it, and
- (b) in particular, if it derives (directly or indirectly and wholly or partly) from income from that property or any part of it.
- (8) In this section “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable.
##### 68B
- (1) This section applies in relation to a transfer of property from the trustees of one settlement (“Settlement 1”) to the trustees of another (“Settlement 2”) otherwise than—
- (a) for full consideration, or
- (b) by way of a bargain made at arm's length.
- (2) In this section “*transfer of property*” means—
- (a) a disposal of property by the trustees of Settlement 1, and
- (b) the acquisition by the trustees of Settlement 2 of—
- (i) property disposed of by the trustees of Settlement 1, or
- (ii) property created by the disposal;
and a reference to transferred property is a reference to property acquired by the trustees of Settlement 2 on the disposal.
- (3) For the purposes of this Act, except where the context otherwise requires—
- (a) the settlor (or each settlor) of the property disposed of by the trustees of Settlement 1 shall be treated from the time of the disposal as having made Settlement 2, and
- (b) if there is more than one settlor of the property disposed of by the trustees of Settlement 1, each settlor shall be treated in relation to Settlement 2 as the settlor of a proportionate part of the transferred property.
- (4) For the purposes of this Act, except where the context otherwise requires, if and to the extent that the property disposed of by the trustees of Settlement 1 was provided for the purposes of Settlement 1, or is derived from property provided for the purposes of Settlement 1, the transferred property shall be treated from the time of the disposal as having been provided for the purposes of Settlement 2.
- (5) If transferred property is treated by virtue of subsection (4) as having been provided for the purposes of Settlement 2 —
- (a) the person who provided the property disposed of by the trustees of Settlement 1, or property from which it was derived, for the purposes of Settlement 1 shall be treated as having provided the transferred property, and
- (b) if more than one person provided the property disposed of by the trustees of Settlement 1, or property from which it was derived, for the purposes of Settlement 1, each of them shall be treated as having provided a proportionate part of the transferred property.
- (6) But subsections (3) and (4) do not apply in relation to a transfer of property—
- (a) which occurs by reason only of the assignment or assignation by a beneficiary under Settlement 1 of an interest in that settlement to the trustees of Settlement 2,
- (b) which occurs by reason only of the exercise of a general power of appointment, or
- (c) to which section 68C(6) applies.
- (7) In determining whether this section applies in relation to a transfer of property between settlements, section 18(2) shall be disregarded.
#### Transfer or division of UK business
#### Seed enterprise investment scheme: reduction of relief
#### Tax recoverable from another group company or controlling director.
#### Company that receives mixed consideration: N does not exceed C
#### Reimbursed expenditure
##### 25A
- (1) This section applies where plant or machinery is used for the purpose of leasing under a long funding lease.
- (2) The lessor shall be deemed for all purposes of this Act—
- (a) to have disposed of the plant or machinery at the commencement of the term of the lease at the relevant disposal value, and
- (b) to have immediately reacquired it at the same value.
- (3) The lessor shall also be deemed for all purposes of this Act—
- (a) to have disposed of the plant or machinery on the termination of the lease for a consideration equal to the termination amount, and
- (b) to have immediately reacquired it for the same consideration.
- (4) “*Relevant disposal value*” means—
- (a) in relation to a long funding finance lease, the disposal value described in item 5A of the table in section 61(2) of the Capital Allowances Act (disposal values), and
- (b) in relation to a long funding operating lease, the disposal value described in item 5B of that table.
- (5) For the purposes of this section, the following expressions have the meaning given in Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases)—
- “*commencement*”, in relation to the term of a lease,
- “lessor”,
- “long funding lease”,
- “long funding finance lease”,
- “long funding operating lease”,
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*the term*”, in relation to a lease,
- “termination”,
- “termination amount”.
##### 41A
- (1) This section applies where a person disposes of an asset—
- (a) which includes plant or machinery which is a fixture for the purposes of Chapter 6A of Part 2 of the Capital Allowances Act, and
- (b) which he has used for the purpose of leasing under one or more long funding leases.
- (2) In the computation of the amount of a loss accruing to the person on the disposal there shall be excluded from the sums allowable as a deduction by virtue of section 38(1)(a) and (b) (acquisition and enhancement costs) an amount determined in accordance with subsection (3) or (4).
- (3) Where the person has used the plant or machinery for the purpose of leasing under one long funding lease, the amount is equal to the fall in value of the plant or machinery during the period of the lease.
- (4) Where the person has used the plant or machinery for the purpose of leasing under more than one long funding lease, the amount is equal to the sum of the fall in value of the plant or machinery during the period of each lease.
- (5) In this section, references to the fall in value of plant or machinery during the period of a lease are references to the amount (if any) by which—
- (a) the market value of the plant or machinery at the commencement of the term of the lease,
exceeds
- (b) its market value at the termination of the lease.
- (6) For the purposes of this section, the following expressions have the meaning given in Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases)—
- “*commencement*”, in relation to the term of a lease,
- “long funding lease”,
- “market value”,
- “*the term*”, in relation to a lease,
- “termination”.
##### 63A
- (1) The provisions of this Act, so far as relating to the consequences of the death of a person to whom property in Northern Ireland stands limited for life (“*the deceased*”), shall have effect subject to the provisions of this section.
- (2) A person who acquires property in fee simple absolute or fee tail in possession as a consequence of the deceased's death shall be deemed to have acquired all the assets forming part of the property at the date of the deceased's death for a consideration equal to their market value at that date.
##### 68C
- (1) This section applies where—
- (a) a disposition of property following a person's death is varied, and
- (b) section 62(6) applies in respect of the variation.
- (2) Where property becomes settled property in consequence of the variation (and would not, but for the variation, have become settled property), a person mentioned in subsection (3) shall be treated for the purposes of this Act, except where the context otherwise requires—
- (a) as having made the settlement, and
- (b) as having provided the property for the purposes of the settlement.
- (3) Those persons are—
- (a) a person who immediately before the variation was entitled to the property, or to property from which it derives, absolutely as legatee,
- (b) a person who would have become entitled to the property, or to property from which it derives, absolutely as legatee but for the variation,
- (c) a person who immediately before the variation would have been entitled to the property, or to property from which it derives, absolutely as legatee but for being an infant or other person under a disability, and
- (d) a person who would, but for the variation, have become entitled to the property, or to property from which it derives, absolutely as legatee if he had not been an infant or other person under a disability.
- (4) In subsection (3) references to a person being entitled to property absolutely as legatee shall be construed in accordance with section 64(3) (reading the references to “an asset” and “any asset” as references to “property”).
- (5) Where—
- (a) property would have become comprised in a settlement—
- (i) which arose on the deceased person's death (whether in accordance with his will, on his intestacy or otherwise), or
- (ii) which was already in existence on the deceased person's death (whether or not the deceased person was a settlor in relation to that settlement), but
- (b) in consequence of the variation the property, or property derived from it, becomes comprised in another settlement,
the deceased person shall be treated for the purposes of this Act, except where the context otherwise requires, as having made the other settlement.
- (6) Where—
- (a) immediately before the variation property is comprised in a settlement and is property of which the deceased person is a settlor, and
- (b) immediately after the variation the property, or property derived from it, becomes comprised in another settlement,
the deceased person shall be treated for the purposes of this Act, except where the context otherwise requires, as having made the other settlement.
- (7) If a person is treated as having made a settlement under subsection (5) or (6), for the purposes of this Act he shall be treated as having made the settlement immediately before his death.
- (8) But subsection (7) does not apply in relation to a settlement which arose on the person's death.
##### 69A
Schedule 4ZA (which makes provision about sub-fund settlements) shall have effect.
### Restrictions on buying losses or gains etc
##### 184A
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if—
- (a) at any time (“*the relevant time*”) there is a qualifying change of ownership in relation to a company (“*the relevant company*”) (see section 184C),
- (b) a loss (a “qualifying loss”) accrues to the relevant company or any other company on a disposal of a pre-change asset (see subsection (3)),
- (c) the change of ownership occurs directly or indirectly in consequence of, or otherwise in connection with, any arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage (see section 184D), and
- (d) the advantage involves the deduction of a qualifying loss from any chargeable gains (whether or not it also involves anything else).
- (2) A qualifying loss accruing to a company is not to be deductible from chargeable gains accruing to the company ... .
- (3) In this section a “*pre-change asset*” means an asset which was held by the relevant company before the relevant time (but see also sections 184E and 184F).
- (4) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (5) For the purposes of this section it does not matter—
- (a) whether a qualifying loss accrues before, after or at the relevant time,
- (b) whether a qualifying loss accrues at a time when there are no chargeable gains from which it could be deducted (or could otherwise have been deducted), or
- (c) whether the tax advantage is secured for the company to which a qualifying loss accrues or for any other company.
##### 184B
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if—
- (a) at any time (“*the relevant time*”) there is a qualifying change of ownership in relation to a company (“*the relevant company*”) (see section 184C),
- (b) a gain (a “qualifying gain”) accrues to the relevant company or any other company on a disposal of a pre-change asset (see subsection (3)),
- (c) the change of ownership occurs directly or indirectly in consequence of, or otherwise in connection with, any arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage, and
- (d) the advantage involves the deduction of a loss from a qualifying gain (whether or not it also involves anything else).
- (2) In the case of a qualifying gain accruing to a company, a loss accruing to the company is not to be deductible from the gain ... .
- (3) In this section a “*pre-change asset*” means an asset which was held by the relevant company before the relevant time (but see also sections 184E and 184F).
- (4) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (5) For the purposes of this section it does not matter—
- (a) whether a qualifying gain accrues before, after or at the relevant time,
- (b) whether a qualifying gain accrues at a time when there are no losses which could be deducted (or could otherwise have been deducted) from the gain, or
- (c) whether the tax advantage is secured for the company to which a qualifying gain accrues or for any other company.
##### 184C
- (1) For the purposes of sections 184A and 184B, there is a qualifying change of ownership in relation to a company at any time if any one or more of the following occur at that time—
- (a) the company joins a group of companies (see subsections (2) to (5)),
- (b) the company ceases to be a member of a group of companies,
- (c) the company becomes subject to different control (see subsections (6) to (9)).
- (2) Whether a company is a member of a group of companies at any time is determined in accordance with section 170.
- (3) But, apart from in the excepted case, nothing in section 170(10) or (10A) is to prevent all the companies of one group from being regarded as joining another group when the principal company of the first group becomes a member of the other group at any time.
- (4) The excepted case is the case where—
- (a) the persons owning the shares of the principal company of the first group immediately before that time are the same as the persons owning the shares of the principal company of the other group immediately after that time,
- (b) the principal company of the other group was not the principal company of any group immediately before that time, and
- (c) immediately after that time the principal company of the other group had assets consisting entirely (or almost entirely) of shares of the principal company of the first group.
- (5) For this purpose, references to shares of a company are to the shares comprised in the issued share capital of the company.
- (6) The general rule is that a company becomes subject to different control at any time if any one or more of the following occur—
- (a) a person has control of the company at that time (whether alone or together with one or more others) and the person did not previously have control of the company,
- (b) a person has control of the company at that time together with one or more others and the person previously had control of the company alone,
- (c) a person ceases to have control of the company at that time (whether the person had control alone or together with one or more others).
- (7) The general rule is subject to the following exceptions.
- (8) A company does not become subject to different control in any case where it joins a group of companies and the case is the excepted case mentioned above.
- (9) A company (“the subsidiary”) does not become subject to different control at any time in any case where—
- (a) immediately before that time the subsidiary is the 75 per cent. subsidiary of another company, and
- (b) (although there is a change in the direct ownership of the subsidiary) that other company continues immediately after that time to own it as a 75 per cent. subsidiary.
##### 184D
For the purposes of sections 184A and 184B, “*tax advantage*” means—
- (a) relief or increased relief from corporation tax,
- (b) repayment or increased repayment of corporation tax,
- (c) the avoidance or reduction of a charge to corporation tax or an assessment to corporation tax, or
- (d) the avoidance of a possible assessment to corporation tax.
##### 184E
- (1) If—
- (a) a company other than the relevant company makes a disposal of an asset, and
- (b) the asset has been disposed of at any time after the relevant time by a disposal to which section 171(1) does not apply (a “non-section 171(1) transfer”),
the asset ceases to be regarded as a pre-change asset for the purposes of sections 184A and 184B (but see also subsections (10) and (11)).
- (2) But (without affecting the generality of the provision made by the following subsection) if, on a non-section 171(1) transfer,—
- (a) an asset would cease to be regarded as a pre-change asset as a result of subsection (1), and
- (b) the company making the non-section 171(1) transfer retains any interest in or over the asset,
that interest is to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (3) If—
- (a) the relevant company or any other company holds an asset (“the new asset”) at or after the relevant time,
- (b) the value of the new asset derives in whole or in part from a pre-change asset, and
- (c) the new asset is not acquired by the company concerned as a result of a non-section 171(1) transfer,
the new asset is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (4) For this purpose the cases in which the value of an asset may be derived from any other asset include any case where—
- (a) assets have been merged or divided,
- (b) assets have changed their nature, or
- (c) rights or interests in or over assets have been created or extinguished.
- (5) If a pre-change asset is “*the old asset*” for the purposes of section 116 (reorganisations, conversions and reconstructions), “*the new asset*” for the purposes of that section is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (6) If a pre-change asset is the “*original shares*” for the purposes of sections 127 to 131 (reorganisation or reduction of share capital), the “*new holding*” for the purposes of those sections is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (7) The following subsection applies if, as a result of the application of a relevant deferral provision in the case of a disposal of a pre-change asset (“the original disposal”),—
- (a) a gain or loss that would otherwise accrue to a company does not so accrue, or
- (b) any part of any such gain is treated as forming part of a single chargeable gain which does not accrue to the company on the original disposal,
and a gain or loss does, wholly or partly in consequence of the application of that provision in the case of the original disposal, accrue to the company or any other company on a subsequent occasion.
- (8) So much of the gain or loss accruing on the subsequent occasion as accrues in consequence of the application of the relevant deferral provision in the case of the original disposal is to be regarded for the purposes of sections 184A and 184B as accruing on a disposal of a pre-change asset (so far as it would not otherwise be so regarded).
- (9) A “*relevant deferral provision*” means any of the following—
- (a) section 139 (reconstruction involving transfer of business),
- (b) section 140 (postponement of charge on transfer of assets to non-resident company),
- (c) section 140A (transfer of a UK trade),
- (d) section 140E (merger leaving assets within UK tax charge),
- (e) sections 152 and 153 (replacement of business assets),
- (f) section 187 (postponement of charge on deemed disposal under section 185).
- (10) If—
- (a) a pre-change asset of the relevant company is transferred to another company (“*the transferee company*”),
- (b) any of sections 139, 140A and 140E apply to the companies in the case of the asset, and
- (c) the transfer of the asset is made directly or indirectly in consequence of, or otherwise in connection with, the arrangements mentioned in section 184A or 184B,
the asset is to be regarded as a “pre-change asset” in the hands of the transferee company for the purposes of sections 184A and 184B.
- (11) In such a case, subsection (1) applies as if the reference in paragraph (a) of that subsection to the relevant company were to the transferee company.
##### 184F
- (1) This section applies, in the case of any pre-change asset of the relevant company or any pre-change asset of any company which is acquired on a disposal to which section 171(1) applies, if—
- (a) the pre-change asset consists of a holding of securities which falls as a result of any provision of Chapter 1 of Part 4 to be regarded as a single asset (“the pre-change pooled asset”), and
- (b) as a result of any disposal or acquisition at any time after the relevant time, any securities (“the other securities”) would (but for this section) be regarded as forming part of the pre-change pooled asset.
- (2) None of the other securities are to be regarded for the purposes of this Act as forming part of the pre-change pooled asset.
- (3) But this does not prevent the other securities from being regarded, as a result of any provision of that Chapter, as forming part of or constituting a different, single asset (“the other pooled asset”).
- (4) Securities of the same class as the other securities which are disposed of at or after the relevant time—
- (a) are to be identified first with the other securities or securities forming part of the other pooled asset,
- (b) are to be identified next with securities forming part of the pre-change pooled asset (if the number of securities disposed of exceeds the number identified in accordance with paragraph (a)), and
- (c) subject to paragraphs (a) and (b), are to be identified in accordance with the provisions applicable apart from those paragraphs.
- (5) The above identification rules apply even if some or all of the securities disposed of are otherwise identified—
- (a) by the disposal, or
- (b) by a transfer or delivery giving effect to it;
but where a company disposes of securities in one capacity, they are not to be identified with securities which it holds, or can dispose of, only in some other capacity.
- (6) Chapter 1 of Part 4 has effect subject to this section.
- (7) In this section—
- “*pre-change asset*” means an asset which is pre-change asset for the purposes of section 184A or 184B,
- “*securities*” does not include relevant securities as defined in section 108 but, subject to that, means—shares or securities of a company, andany other assets where they are of a nature to be dealt in without identifying the particular assets disposed of or acquired.
- (8) For the purposes of this section, shares or securities of a company are not to be treated as being of the same class unless—
- (a) they are so treated by the practice of a recognised stock exchange, or
- (b) they would be so treated if dealt with on a recognised stock exchange.
##### 184G
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied.
- (2) Condition A is that a receipt or other amount arises to a company directly or indirectly in consequence of, or otherwise in connection with, any arrangements.
- (3) Condition B is that—
- (a) that amount falls to be taken into account in calculating a chargeable gain (the “relevant gain”) which accrues to a company (“*the relevant company*”), and
- (b) losses accrue (or have accrued) to the relevant company (whether before or after or as part of the arrangements).
- (4) Condition C is that, but for the arrangements, an amount would have fallen to be taken into account wholly or partly instead of the amount mentioned in subsection (2) in calculating the income chargeable to corporation tax—
- (a) of the relevant company, or
- (b) of a company which, at any qualifying time, is a member of the same group as the relevant company.
- (5) Condition D is that—
- (a) the main purpose of the arrangements, or
- (b) one of the main purposes of the arrangements,
is to secure a tax advantage that involves the deduction of any of the losses from the relevant gain (whether or not it also involves anything else).
- (6) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied, they may give the relevant company a notice in respect of the arrangements (but see also section 184I).
- (7) If, when the notice is given, conditions A to D are satisfied, no loss accruing to the relevant company at any time is to be deductible from the relevant gain.
- (8) A notice under this section must—
- (a) specify the arrangements,
- (b) specify the accounting period in which the relevant gain accrues, and
- (c) inform the relevant company of the effect of this section.
- (9) If relevant gains accrue in more than one accounting period, a single notice under this section may specify all the accounting periods concerned.
- (10) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*group*”, in relation to companies, means a group determined in accordance with section 170,
- “*qualifying time*”, in relation to any arrangements, means any time which falls in the period—beginning with the time at which the arrangements are made, andending with the time at which the matters (other than any tax advantage) intended to be secured by the arrangements are secured,
- “*tax advantage*” has the meaning given by section 184D.
##### 184H
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied.
- (2) Condition A is that—
- (a) a chargeable gain (the “relevant gain”) accrues to a company (“*the relevant company*”) directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) losses accrue (or have accrued) to the relevant company ... (whether before or after or as part of the arrangements).
- (3) Condition B is that the relevant company, or a company connected with the relevant company, becomes entitled to an income deduction directly or indirectly in consequence of, or otherwise in connection with, the arrangements.
- (4) Condition C is that the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage that involves both—
- (a) that income deduction, and
- (b) the deduction of any of the losses from the relevant gain,
whether or not it also involves anything else.
- (5) Condition D is that the arrangements are not excluded arrangements. For this purpose arrangements are excluded arrangements if—
- (a) the arrangements are made in respect of land or any estate or interest in land,
- (b) the arrangements fall within section 835(1) or 836(1) of CTA 2010 (sale and lease-back: limitation on tax reliefs),
- (c) the person to whom the payment mentioned in that subsection is payable is not a company connected with the relevant company, and
- (d) the arrangements are made between persons dealing at arm's length.
- (6) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied, they may give the company a notice in respect of the arrangements (but see also section 184I).
- (7) If, when the notice is given, conditions A to D are satisfied, no loss accruing to the company at any time is to be deductible from the relevant gain.
- (8) A notice under this section must—
- (a) specify the arrangements,
- (b) specify the accounting period in which the relevant gain accrues, and
- (c) inform the relevant company of the effect of this section.
- (9) If relevant gains accrue in more than one accounting period, a single notice under this section may specify all the accounting periods concerned.
- (10) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*income deduction*” means— a deduction in calculating income for corporation tax purposes, ora deduction from total profits,
- “*tax advantage*” has the meaning given by section 184D.
- (11) For the purposes of this section it does not matter whether the tax advantage is secured for the relevant company or for any other company.
##### 184I
- (1) Subsection (2) applies if—
- (a) the Board give a notice under section 184G or 184H (a “relevant notice”) to a company that specifies an accounting period, and
- (b) the notice is given before the company has made its company tax return for that accounting period.
- (2) If the company makes its return for that period before the end of the applicable 90 day period (see subsection (12)), it may—
- (a) make a return that disregards the notice, and
- (b) at any time after making the return and before the end of the applicable 90 day period, amend the return for the purpose of complying with the provision referred to in the notice.
- (3) If a company has made a company tax return for an accounting period, the Board may give the company a relevant notice in relation to that period only if a notice of enquiry has been given to the company in respect of its return for that period.
- (4) After any enquiries into the return for that period have been completed, the Board may give the company a relevant notice only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries into the return were completed, the Board could not have been reasonably expected, on the basis of information made available—
- (a) to them before that time, or
- (b) to an officer of theirs before that time,
to have been aware that the circumstances were such that a relevant notice could have been given to the company in relation to that period.
- (6) For the purposes of requirement A, paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 (information made available) applies as it applies for the purposes of paragraph 44(1).
- (7) Requirement B is that—
- (a) the company or any other person was requested to produce or provide information during an enquiry into the return for that period, and
- (b) if the request had been duly complied with, the Board could reasonably have been expected to give the company a relevant notice in relation to that period.
- (8) If—
- (a) a company makes a company tax return for an accounting period, and
- (b) the company is subsequently given a relevant notice that specifies that period,
it may amend the return for the purpose of complying with the provision referred to in the notice at any time before the end of the applicable 90 day period.
- (9) If the relevant notice is given to the company after it has been given a notice of enquiry in respect of its return for the period, no closure notice may be given in relation to its company tax return until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of its company tax return for the purpose of complying with the provision referred to in the notice.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the chargeable gain to which the notice relates until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of the company tax return for the purpose of complying with the provision referred to in the notice.
- (11) Subsections (2)(b) and (8) do not prevent a company tax return for a period becoming incorrect if—
- (a) a relevant notice is given to the company in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the provision referred to in the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*the applicable 90 day period*”, in relation to a relevant notice, means the period of 90 days beginning with the day on which the notice is given,
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998,
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of that Schedule, as read with paragraph 4 of that Schedule,
- “*discovery assessment*” means an assessment under paragraph 41 of that Schedule,
- “*notice of enquiry*” means a notice under paragraph 24 of that Schedule.
#### Seed enterprise investment scheme: reduction of relief
#### Exchange gains and losses from loan relationships: regulations
##### 263E
- (1) This section applies if—
- (a) section 809BZB or 809BZC of ITA 2007 or section 759 or 760 of CTA 2010 (disregard of intended effects of arrangement involving disposals of assets) applies in relation to a structured finance arrangement,
- (b) the borrower or a person connected with the borrower makes a disposal of any security at any time under the arrangement to or for the benefit of the lender or a person connected with the lender, and
- (c) condition A or B is met.
- (2) Condition A is that the person making the disposal (and no-one else) has the right or obligation under the arrangement to acquire the asset disposed of by that disposal at any subsequent time (whether or not the right or obligation is subject to any conditions).
- (3) Condition B is that—
- (a) the asset disposed of by that disposal will subsequently cease to exist at any time, and
- (b) it is intended that that asset will be held by the lender, or a person connected with the lender, from the time of the disposal until that time.
- (4) The disposal of the security by the borrower or a person connected with the borrower is to be disregarded for the purposes of this Act.
- (4A) If, at any time after that disposal, it becomes apparent that—
- (a) the person making the disposal will not subsequently acquire under the arrangement the asset disposed of by that disposal, or
- (b) that asset will not be held as mentioned in subsection (3)(b),
that person is to be treated for the purposes of this Act as disposing of that asset at that time for a consideration equal to its market value at that time.
- (5) Except in a case falling within subsection (4A), any subsequent acquisition by the person making the disposal of the asset disposed of by that disposal is to be disregarded for the purposes of this Act.
- (6) In this section—
- “*the borrower*”, in relation to a structured finance arrangement, means the person who is the borrower under the arrangement for the purposes of the defining section,
- “*the defining section*” in relation to a structured finance arrangement— means section 809BZA of ITA 2007 if it is section 809BZB or 809BZC of ITA 2007 that applies in relation to the arrangement, andmeans section 758 of CTA 2010 if it is section 759 or 760 of CTA 2010 that applies in relation to the arrangement,
- “*the lender*”, in relation to a structured finance arrangement, means the person who is the lender under the arrangement for the purposes of the defining section,
- “*security*” means any such asset as is mentioned in subsection (2)(b) and (c) of the defining section.
- (7) For the purposes of this section—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 268A
- (1) A gain accruing on a disposal is not a chargeable gain if it accrues on—
- (a) a disposal of the right to receive the whole or any part of a qualifying payment in respect of National-Socialist persecution, or
- (b) a disposal of an interest in any such right.
- (2) A payment is a qualifying payment in respect of National-Socialist persecution if it is payable as mentioned in paragraphs (a) to (c) of section 756A(1) of ITTOIA 2005 (income tax exemption for payments to or in respect of victims of National-Socialist persecution).
- (3) In this section “*interest*”, in relation to any right, means an interest as a co-owner of the right.
- (4) It does not matter—
- (a) whether the right is owned jointly or in common, or
- (b) whether or not the interests of the co-owners are equal.
#### Restriction on set-off of pre-entry losses.
#### Disincorporation relief: assets (including pre-FA 2002 goodwill)
#### Restrictions on setting losses against pre-entry gains.
#### Amount of relief.
#### Chargeable event when replacement property owned.
##### A1
- (1) In determining the exempt amount available to the trustees of a settlement in relation to a year of assessment—
- (a) a principal settlement and its sub-fund settlements shall be treated, for the purposes of paragraphs 1 and 2 below, as if no sub-fund elections had been made, and
- (b) paragraph 3 below shall apply for the purposes of determining the exempt amount available to each member of the class consisting of a principal settlement and its sub-fund settlements.
- (2) The reference in sub-paragraph (1) above to a principal settlement and its sub-fund settlements means a principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
##### 3
- (1) The exempt amount available in relation to a year of assessment to the trustees of each settlement in the class consisting of a principal settlement and its sub-fund settlements shall be the exempt amount available to the trustees of the principal settlement in relation to the year, determined in accordance with paragraph 1 or 2 above as if no sub-fund elections had been made.
- (2) But if there are two or more non-excluded settlements in the class consisting of a principal settlement and its sub-fund settlements, the exempt amount available to the trustees of each settlement in the class in relation to the year shall be the amount specified in sub-paragraph (1) above divided by the number of non-excluded settlements in the class.
- (3) In this paragraph—
- “*excluded settlement*” has the meaning given by paragraph 2(7) above, and
- references to a settlement having sub-fund settlements, and similar expressions, are references to a settlement being the principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
## SCHEDULE 4ZA
### Making a sub-fund election
##### 1
The trustees of a settlement (the “principal settlement”) may elect that a fund or other specified portion of the settled property (the “sub-fund”) be treated, unless the context otherwise requires, as a separate settlement (the “sub-fund settlement”) for the purposes of this Act, and the election shall have effect.
##### 2
- (1) An election under paragraph 1 (a “sub-fund election”) must specify the date on which it is to be treated as having taken effect, which must not be later than the date on which it is made.
- (2) The election shall be treated as having taken effect—
- (a) at the beginning of the specified date, or
- (b) if there is a deemed disposal of an asset by the trustees of the principal settlement under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)), on the specified date immediately after the deemed disposal.
##### 3
Trustees may make a sub-fund election only if—
- (a) Conditions 1 to 4 are satisfied when the election is made, and
- (b) Conditions 2 to 4 were satisfied throughout the period beginning with the time when the election is to be treated as having taken effect and ending immediately before the election is made.
##### 4
Condition 1 is that the principal settlement is not itself a sub-fund settlement.
##### 5
Condition 2 is that the sub-fund is not the whole of the property comprised in the principal settlement.
##### 6
Condition 3 is that, if the sub-fund election had taken effect, the sub-fund settlement would not consist of or include an interest in an asset any other interest in which would be comprised in the principal settlement.
##### 7
For the purpose of Condition 3—
- (a) section 104(1) shall not have effect, and
- (b) “*interest*”, in relation to any asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).
##### 8
Condition 4 is that, if the sub-fund election had taken effect, no person would be a beneficiary under both the sub-fund settlement and the principal settlement.
##### 9
- (1) For the purpose of Condition 4 a person is a beneficiary under a settlement—
- (a) if—
- (i) any property which is or may at any time be comprised in the settlement, or
- (ii) any derived property,
is, or will or may become, payable to him or applicable for his benefit in any circumstances whatsoever, or
- (b) if he enjoys a benefit deriving directly or indirectly from—
- (i) any property which is comprised in the settlement, or
- (ii) any derived property.
- (2) But for the purpose of Condition 4 a person is not to be regarded as a beneficiary under a settlement if property comprised in the settlement, or any derived property, will or may become payable to him or applicable for his benefit by reason only of—
- (a) his marrying, or entering into a civil partnership with, a beneficiary under the settlement,
- (b) the death of a beneficiary under the settlement,
- (c) the exercise by the trustees of the settlement of—
- (i) a power conferred by section 32 of the Trustee Act 1925 (c. 19) or section 33 of the Trustee Act (Northern Ireland) 1958 (c. 23 (N.I.)) (powers of advancement),
- (ii) a power conferred by the law of a jurisdiction other than England and Wales or Northern Ireland which makes provision similar to the provisions specified in sub-paragraph (i), or
- (iii) a power of advancement which is conferred by the instrument creating the principal settlement, or by another instrument made in accordance with the terms of the principal settlement, and which is subject to the same restrictions as those specified in section 32(1)(a) and (c) of the Trustee Act 1925, or
- (d) the failure or determination of trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts).
- (3) In this paragraph “*derived property*”, in relation to any property, means—
- (a) income from that property,
- (b) property directly or indirectly representing—
- (i) proceeds of that property, or
- (ii) proceeds of income from that property, or
- (c) income from property which is derived property by virtue of paragraph (b).
### Sub-fund elections: procedure
##### 10
A sub-fund election must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) in such form as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 11
A sub-fund election may not be made after the second 31st January after the year of assessment in which the date on which the election is to be treated as having taken effect falls.
##### 12
A sub-fund election must contain—
- (a) a declaration by each trustee of the principal settlement that he consents to the election,
- (b) a statement by the trustees of the principal settlement that the requirement in paragraph 3 is satisfied,
- (c) such information as the Commissioners for Her Majesty's Revenue and Customs may require in relation to the principal settlement (which may, in particular, include information relating to the trustees, the trusts, property which is or has been comprised in the settlement, the settlors or the beneficiaries),
- (d) a declaration by the trustees of the principal settlement that the information given in the election is correct, to the best of their knowledge and belief, and
- (e) such other declarations as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 13
A sub-fund election may not be revoked.
### Power to make enquiries
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Consequences of a sub-fund election
##### 17
The sub-fund settlement shall be treated, for the purposes of this Act, as having been created at the time when the sub-fund election is treated as having taken effect.
##### 18
- (1) Each trustee of the trusts on which the property comprised in the sub-fund settlement is held shall be treated as a trustee of the sub-fund settlement for the purposes of this Act.
- (2) A person who is a trustee of the sub-fund settlement shall be treated for the purposes of this Act, from the time when the election is treated as having taken effect, as having ceased to be a trustee of the principal settlement unless he is also a trustee of trusts on which property comprised in the principal settlement is held.
- (3) A person who is a trustee of the principal settlement shall not be treated for the purposes of this Act as a trustee of the sub-fund settlement unless he is also a trustee of trusts on which property comprised in the sub-fund settlement is held.
##### 19
The trustees of the sub-fund settlement shall be treated for the purposes of this Act as having become absolutely entitled, at the time when the sub-fund election is treated as having taken effect, to the property comprised in that settlement as against the trustees of the principal settlement.
##### 20
- (1) A deemed disposal by the trustees of the principal settlement of an asset under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)) shall be treated as having been made at the beginning of the date on which the sub-fund election is treated as having taken effect.
- (2) If the trustees of the sub-fund settlement have acquired an asset of which the trustees of the principal settlement are deemed to have disposed under section 71(1) (by virtue of paragraph 19), they shall be deemed to have acquired it at the time when the election is treated as having taken effect.
- (3) The trustees of the principal settlement shall not be treated as having disposed of an asset under section 80(2) by virtue of paragraph 18(2) if they are treated as having disposed of the same asset under section 71(1) by virtue of paragraph 19.
##### 21
If the trustees of the sub-fund settlement are treated by virtue of paragraph 19 as having become absolutely entitled to money expressed in sterling, for the purposes of this Act—
- (a) the trustees of the principal settlement shall be treated as having disposed of the money at the beginning of the day on which the sub-fund election is treated as having taken effect, and
- (b) the trustees of the sub-fund settlement shall be treated as having acquired the money at the time when the election is treated as having taken effect.
##### 22
- (1) If the trustees of the principal settlement are deemed to have disposed of an asset under section 71(1) (by virtue of paragraph 19), the trustees of the principal settlement shall be treated for the purposes of sections 90 and 94 as having transferred the asset to the trustees of the sub-fund settlement.
- (2) Sub-paragraph (1) also applies where the trustees of the principal settlement would be deemed to have disposed of money expressed in sterling under subsection (1) of section 71 if in that subsection—
- (a) the reference to “assets” were a reference to “property”, and
- (b) for “their” there were substituted “ its ”.
### Share loss relief
##### 125A
- (1) If loss relief under ... Chapter 6 of Part 4 of ITA 2007 or Chapter 5 of Part 4 of CTA 2010 (“share loss relief”) is obtained in respect of a loss or any part of a loss, no deduction is to be made in respect of the loss or (as the case may be) the part under this Act.
- (2) If a claim is made for share loss relief in respect of a loss accruing on the disposal of shares, section 30 has effect in relation to the disposal as if for the references in subsections (1)(b) and (5) to a tax-free benefit there were substituted references to any benefit whether tax-free or not.
- (3) All such adjustments of corporation tax on chargeable gains or capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of—
- (a) share loss relief being obtained in respect of an allowable loss, or
- (b) such relief not being obtained in respect of the whole or part of such a loss in respect of which a claim is made.
##### 151BA
- (1) This section applies for the purpose of identifying the securities or shares disposed of in any case where—
- (a) an individual or company (“the investor”) disposes of part of a holding of securities or shares (“the holding”), and
- (b) the holding includes securities or shares to which CITR is attributable in respect of one or more years of assessment or accounting periods that have been held by the investor continuously from the time they were issued until the disposal.
- (2) Any disposal by the investor of securities or shares included in the holding which have been acquired by the investor on different days is treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (3) If there is a disposal by the investor of securities or shares included in the holding which have been acquired by the investor on the same day, any of those securities or shares—
- (a) to which CITR is attributable, and
- (b) which have been held by the investor continuously from the time they were issued until the time of disposal,
are treated as disposed of after any other securities or shares included in the holding which were acquired by the investor on that day.
- (4) For the purposes of this section a holding of securities is any number of securities of a company which—
- (a) carry the same rights,
- (b) were issued under the same terms, and
- (c) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the securities grows or diminishes as securities carrying those rights and issued under those terms are acquired or disposed of.
- (5) For the purposes of this section a holding of shares is any number of shares in a company which—
- (a) are of the same class, and
- (b) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the shares grows or diminishes as shares of that class are acquired or disposed of.
- (6) Chapter 1 of Part 4 (share pooling, etc) has effect subject to this section.
- (7) Sections 104 to 107 (which make provision for the identification of securities and shares on a disposal) do not apply to securities or shares to which CITR is attributable.
- (8) In a case to which section 127 (equation of original shares and new holding) applies, shares included in the new holding are treated for the purposes of subsections (2) and (3) as acquired when the original shares were acquired.
- (9) In subsection (8)—
- (a) the reference to section 127 includes a reference to that section as it is applied by virtue of any enactment relating to chargeable gains, and
- (b) “*original shares*” and “*new holding*” have the same meaning as in section 127, or (as the case may be) that section as applied by virtue of the enactment in question.
- (10) In this section and sections 151BB and 151BC—
- (a) if the investor is an individual—
- (i) “*CITR*” has the meaning given by section 333 of ITA 2007,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 357 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 380 of that Act,
- (b) if the investor is a company—
- (i) “*CITR*” means relief under Part 7 of CTA 2010,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 240 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 267 of that Act.
##### 151BB
- (1) If—
- (a) an individual or company (“the investor”) holds shares in the CDFI which are of the same class and held in the same capacity (“the existing holding”),
- (b) there is a reorganisation affecting the existing holding as a result of an allotment which—
- (i) falls within section 126(2)(a) (an allotment of shares or debentures in respect of and in proportion to an original holding), and
- (ii) is not an allotment of corresponding bonus shares,
- (c) immediately after the reorganisation, CITR is attributable to the shares included in the existing holding or the shares or debentures allotted in respect of those shares, in respect of one or more years of assessment or accounting periods, and
- (d) if CITR is attributable to the shares included in the existing holding at that time, those shares have been held by the investor continuously from the time they were issued until the reorganisation,
sections 127 to 130 (treatment of share capital following a reorganisation) do not apply in relation to the existing holding.
- (2) Section 116(10) (reorganisations, conversions and reconstructions) does not apply in any case where the old asset consists of shares held (in the same capacity) by the investor—
- (a) that have been held by the investor continuously from the time they were issued until the relevant transaction, and
- (b) to which CITR is attributable immediately before that transaction.
In this subsection “old asset” and “the relevant transaction” have the meaning given by section 116.
- (3) For the purposes of subsection (1)—
- “*corresponding bonus shares*” means bonus shares that—are issued in respect of shares included in the existing holding, andare in the same company, are of the same class, and carry the same rights as, those shares,
- “*reorganisation*” has the meaning given in section 126.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions);
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) In this section “the CDFI” is to be read—
- (a) if the investor is an individual, in accordance with section 334(2) of ITA 2007,
- (b) if the investor is a company, in accordance with section 219(2) of CTA 2010.
##### 151BC
- (1) If—
- (a) an individual or company (“the investor”) holds shares in or debentures of a company (“company A”),
- (b) there is a reconstruction or amalgamation affecting that holding (“the existing holding”),
- (c) immediately before the reconstruction or amalgamation, CITR is attributable to the shares or debentures included in the existing holding in respect of one or more years of assessment or accounting periods, and
- (d) the shares or debentures included in the existing holding have been held by the investor continuously from the time they were issued until the reconstruction or amalgamation,
sections 135 and 136 (share exchanges and company reconstructions) do not apply in respect of the existing holding.
- (2) Subsection (1)(a) applies only if the shares or debentures are held by the investor in the same capacity.
- (3) For the purposes of subsection (1) a “*reconstruction or amalgamation*” means an issue by a company of shares in or debentures of that company in exchange for or in respect of shares in or debentures of company A.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions),
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) The investor is treated as disposing of any securities or shares which but for subsection (1) the investor—
- (a) would be treated as exchanging for other securities or shares by virtue of section 136, or
- (b) would be so treated but for section 137(1) (which restricts section 136 to genuine reconstructions).
##### 256A
- (1) This section applies if a charitable trust has a non-exempt amount under section 540 of ITA 2007 for a year of assessment.
- (2) Attributable gains of the charitable trust for the year of assessment may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 541 of ITA 2007.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 541 of ITA 2007, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 541 of ITA 2007.
- (5) See section 256B for the way in which gains are to be attributed to the non-exempt amount under this section.
- (6) In this section and section 256B a charitable trust's “attributable income”, and “attributable gains”, for a tax year have the same meaning as in Part 10 of ITA 2007 (see section 540 of that Act).
##### 256B
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256A.
- (2) The trustees of the charitable trust may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires the trustees of a charitable trust to make a specification under this section, and
- (b) the trustees have not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
### Deduction of trading losses or post-cessation expenditure etc
##### 261B
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 64 or 128 of ITA 2007 (trade or employment loss relief against general income) for a tax year in relation to an amount of loss, and
- (b) the person makes a claim under that section for the amount to be deducted in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount of loss, but
- (b) the person's total income for the tax year is nil or does not include any income from which the amount can be deducted.
- (3) A claim under this section is for determining so much of the amount of the loss (“*the relevant amount*”) as—
- (a) is not deducted in calculating the person's net income for the tax year, and
- (b) has not already been taken into account for the purposes of any relief for any other tax year or any year of assessment (whether under ITA 2007, this section or otherwise).
- (4) When the relevant amount can no longer be varied—
- (a) by the tribunal on appeal, or
- (b) on the order of a court,
it is treated for the purposes of capital gains tax as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (5) But so much of the relevant amount as exceeds the maximum amount (see section 261C) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (6) The excess may, however, be used in giving effect to any other loss relief under Part 4 of ITA 2007 (depending on the terms of the relief).
- (7) The amount treated as an allowable loss under this section—
- (a) is no longer to be regarded as an amount available for income tax relief, and
- (b) is not to be deductible from chargeable gains accruing to a person in any year of assessment that begins after the person has permanently ceased to carry on the trade, profession, vocation, employment or office in which the loss was made.
- (8) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year in which the loss was made in the trade, profession, vocation, employment or office.
- (9) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261C
- (1) For the purposes of section 261B “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if—
- (a) the provisions mentioned below were ignored, and
- (b) no account were taken of the event mentioned below.
- (2) The provisions are—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) section 3(1) (annual exempt amount), and
- (c) section 261B.
- (3) The event is any event—
- (a) which occurs after the date on which the relevant amount (see section 261B(3)) can no longer be varied by the tribunal on appeal or on the order of a court, and
- (b) in consequence of which the amount chargeable to capital gains tax is reduced as a result of an enactment relating to capital gains tax.
##### 261D
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 96 or 125 of ITA 2007 (post-cessation trade or property relief) for a tax year in relation to an amount, and
- (b) the person makes a claim under that section to deduct the amount in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount, but
- (b) the person's total income for the tax year is nil.
- (3) A claim under this section is for treating for the purposes of capital gains tax so much of the amount as is not deducted in calculating the person's net income for the tax year (“*the relevant amount*”) as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (4) But so much of the relevant amount as exceeds the maximum amount (see section 261E) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (5) The relevant amount is no longer to be regarded as an amount available for income tax relief.
- (6) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year mentioned in subsection (1) or (2) (as the case may be).
- (7) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261E
- (1) For the purposes of section 261D “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if the following were ignored.
- (2) The matters to be ignored are—
- (a) any allowable losses falling to be carried forward to that year from a previous year for the purposes of section 2(2),
- (b) section 3(1) (annual exempt amount), and
- (c) any relief under section 261B or 261D.
### Repurchase price under repos
##### 261F
- (1) This section applies if —
- (a) the repurchase price of UK shares, UK securities or overseas securities is treated by section 604(2), (4) or (5) of ITA 2007 (deemed increase in repurchase price: repos and options) as increased for the purposes of section 607 of that Act (treatment of price differences under repos),
- (b) condition A or B is met, and
- (c) section 263A does not apply.
- (2) Condition A is that, as a result of the increase, there is no difference for the purposes of section 607 of that Act between the sale price and the repurchase price.
- (3) Condition B is that, as a result of an exception in section 608 of that Act, section 607 of that Act does not apply.
- (4) The deemed increase of the repurchase price also has effect for capital gains tax purposes.
- (5) Expressions used in this section and in section 605 of ITA 2007 (deemed increase in repurchase price: other income tax purposes) have the same meanings in this section as in that section.
##### 261G
- (1) Subsections (2) and (3) apply if—
- (a) section 607 of ITA 2007 (treatment of price differences under repos) applies,
- (b) an amount is treated under that section as a payment of interest, and
- (c) section 263A does not apply.
- (2) If the repurchase price is more than the sale price, the repurchase price is treated for capital gains tax purposes as reduced by the amount of the payment of interest.
- (3) If the sale price is more than the repurchase price, the repurchase price is treated for capital gains tax purposes as increased by the amount of the payment of interest.
- (4) Expressions used in this section and in section 609 of ITA 2007 (additional income tax consequences of price differences under repos) have the same meanings in this section as in that section.
##### 261H
- (1) The Treasury may by regulations provide for section 261G to apply with modifications if the exception in section 608(2) of ITA 2007 (agreement not at arm's length) would otherwise prevent it from applying.
- (2) Regulations under this section may make different provision for different cases.
- (3) Regulations under this section may contain incidental, supplemental, consequential and transitional provision and savings.
- (4) The incidental, supplemental, and consequential provision may include modifications of section 261F (deemed manufactured payments: effect on repurchase price).
- (5) In this section “*modifications*” includes exceptions and omissions.
- (6) Accordingly, the power in subsection (1) includes power to provide for any provision of section 261G not to apply in relation to the case mentioned in that subsection.
##### 263F
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities), or
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) any of those sections,
to apply with modifications in relation to non-standard repo cases.
- (2) The power in subsection (1) to make provision for section 263A ... to apply with modifications is exercisable only so far as the section applies to any case mentioned in section 263A(1).
- (3) A case is a non-standard repo case if—
- (a) there is a repo in respect of securities,
- (b) under the repo there has been a sale (“the original sale”) of the securities by the original owner to the interim holder, and
- (c) any of conditions A to E is met in relation to the repo.
- (4) Condition A is that—
- (a) the obligation to buy back the securities is not performed, or
- (b) the option to buy them back is not exercised.
- (5) Condition B is that provision is made by or under an agreement for different or additional UK shares, UK securities or overseas securities to be treated as (or as included with) representative securities.
- (6) Condition C is that provision is made by or under an agreement for any UK shares, UK securities or overseas securities to be treated as not included with representative securities.
- (7) Condition D is that provision is made by or under an agreement for the sale price or repurchase price to be decided or varied wholly or partly by reference to post-agreement fluctuations.
- (8) Condition E is that provision is made by or under an agreement for a person to be required, in a case where there are post-agreement fluctuations, to make a payment in the period—
- (a) beginning immediately after the making of the agreement for the original sale, and
- (b) ending when the repurchase price becomes due.
- (9) “Post-agreement fluctuations” are fluctuations in the value of—
- (a) securities transferred in pursuance of the original sale, or
- (b) representative securities,
which occur in the period after the making of the agreement for the original sale.
- (10) “Representative securities” are securities which, for the purposes of the repurchase, are to represent securities transferred in pursuance of the original sale.
##### 263G
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities),
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or
- (e) any of those sections,
to apply with modifications in relation to cases involving redemption arrangements.
- (2) The power in subsection (1) to make provision for section 263A ... to apply with modifications is exercisable only so far as the section applies to any case mentioned in section 263A(1).
- (3) A case involves redemption arrangements if—
- (a) arrangements, corresponding to those made in cases where there is a repo, are made by an agreement, or one or more related agreements, in relation to securities that are to be redeemed in the period after their sale,
- (b) the securities are UK shares, UK securities or overseas securities, and
- (c) the arrangements are such that the seller or a person connected with the seller (instead of being required to repurchase the securities or acquiring an option to do so) is granted rights in respect of the benefits that will result from the redemption.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 263H
- (1) Regulations under section 263F or 263G may make different provision for different cases.
- (2) Regulations under either section may contain incidental, supplemental, consequential and transitional provision and savings.
- (3) The incidental, supplemental and consequential provision may include—
- (a) in the case of regulations about section 261G, modifications of section 261F, and
- (b) in the case of regulations about section 263A ..., modifications of the operation of this Act in relation to cases where, by virtue of the regulations, any acquisition or disposal is excluded from those which are to be ignored for the purposes of capital gains tax.
- (4) In this section and sections 263F and 263G “*modifications*” includes exceptions and omissions.
- (5) Accordingly, a power in sections 263F and 263G to provide for a provision to apply with modifications in relation to a particular case includes power to provide for the provision not to apply in relation to that case.
##### 263I
- (1) The Treasury may by regulations make provision as mentioned in subsection (2) about prescribed cases where a person—
- (a) pays or receives an amount (a “manufactured overseas dividend”) which is representative of an overseas dividend on overseas securities where the payment or receipt is required to be made under an arrangement for the transfer of the securities, or
- (b) is treated as doing so for any purposes of the Tax Acts.
- (2) The regulations may provide for adjusting a relevant amount by reference to a provision which has effect under the law of a territory outside the United Kingdom.
- (3) A “relevant amount” is an amount which is treated for prescribed capital gains tax purposes as the amount paid or payable to a person in respect of a relevant transaction.
- (4) A “relevant transaction” is a sale, repurchase or other transfer of the overseas securities to which the manufactured overseas dividend relates.
- (5) In this section “*prescribed*” means prescribed in regulations under this section.
- (6) In this section—
- (a) “*overseas securities*” means shares, stock or other securities issued by—
- (i) a government, local authority or other public authority of a territory outside the United Kingdom, or
- (ii) another body of persons not resident in the United Kingdom,
- (b) “*overseas securities*” includes shares in a company which is not resident in the United Kingdom,
- (c) “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of overseas securities, and
- (d) “*securities*” includes loan stock or any similar security.
#### Material disposal of business assets
##### 149AB
- (1) Where an individual has acquired shares (or an interest in shares) in circumstances where section 452(1) and (2)(a) of ITEPA 2003 (shares in research institution spin-out companies: market value on acquisition) apply (and section 149AA does not apply in relation to those shares (or interest in shares)) the consideration for the acquisition shall (subject to section 119A) be taken to be equal to the aggregate of—
- (a) the actual amount or value given for the shares (or interest in shares), and
- (b) any amount that constituted earnings under Chapter 1 of Part 3 of ITEPA 2003 (earnings) in respect of the acquisition.
- (2) Subsection (1) above applies only to the individual making the acquisition and, accordingly, is to be disregarded in calculating the consideration received by the person from whom the shares (or interest in shares) are (or is) acquired.
##### 83A
- (1) This section applies if a chargeable gain accrues to the trustees of a settlement on the disposal by them of an asset in a year of assessment and the trustees—
- (a) are within the charge to capital gains tax in that year of assessment, but
- (b) are non-UK resident at the time of the disposal.
- (2) Where this section applies, nothing in any double taxation relief arrangements shall be read as preventing the trustees from being chargeable to capital gains tax (or as preventing a charge to tax arising, whether or not on the trustees) by virtue of the accrual of that gain.
- (3) For the purposes of this section the trustees of a settlement are within the charge to capital gains tax in a year of assessment—
- (a) if, during any part of that year of assessment, they are resident ... in the United Kingdom and not Treaty non-resident, ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this section the trustees of a settlement are non-UK resident at a particular time if, at that time,—
- (a) they are not resident in the United Kingdom, or
- (b) they are resident ... in the United Kingdom but are Treaty non-resident.
#### Sections 184A and 184B: meaning of “qualifying change of ownership”
#### Chargeable events when bonds owned.
##### 285A
- (1) The following rules about European Economic Interest Groupings apply for the purposes of charging tax in respect of chargeable gains—
- *Rule 1*A grouping is treated as acting as the agent of its members.
- *Rule 2*The activities of a grouping are treated as those of its members acting jointly.
- *Rule 3*Each member of a grouping is treated as having a share of the grouping's property, rights and liabilities.
- *Rule 4*Any trade or profession carried on by the grouping is treated as carried on in partnership by members of the grouping.
- *Rule 5*A person is to be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping.
- (2) For the purposes of Rule 3, a member's share of any property, rights or liabilities of a grouping is determined according to the contract under which the grouping is established.
- (3) If the contract does not provide for this, the member's share is determined by reference to the share of the profits of the grouping to which the member is entitled under the contract.
- (4) If the contract does not provide for this either, the members are treated as having equal shares of the property, rights and liabilities of the grouping.
- (5) “*European Economic Interest Grouping*” means a European Economic Interest Grouping formed under Council Regulation [(EEC) No 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, Northern Ireland or elsewhere.
##### 16A
- (1) For the purposes of this Act, “*allowable loss*” does not include a loss accruing to a person if—
- (a) it accrues to the person directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage.
- (2) For the purposes of subsection (1)—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*tax advantage*” means—relief or increased relief from tax,repayment or increased repayment of tax,the avoidance or reduction of a charge to tax or an assessment to tax, orthe avoidance of a possible assessment to tax,and for the purposes of this definition “*tax*” means capital gains tax, corporation tax or income tax.
- (3) For the purposes of subsection (1) it does not matter—
- (a) whether the loss accrues at a time when there are no chargeable gains from which it could otherwise have been deducted, or
- (b) whether the tax advantage is secured for the person to whom the loss accrues or for any other person.
##### 210C
- (1) Section 18(3) does not apply in relation to a loss accruing on the disposal by an insurance company of authorised investment fund assets to the manager of the authorised investment fund.
- (2) In this section—
- “*authorised investment fund assets*” means assets held by the company for the purposes of its long-term business that consist of rights under an authorised unit trust or shares in an open-ended investment company,
- “*the manager of the authorised investment fund*” means—in the case of an authorised unit trust, the person who is the manager of the unit trust scheme for the purposes of Chapter 3 of Part 17 of the Financial Services and Markets Act 2000, andin the case of an open-ended investment company, a director or other person having responsibility for the management of its scheme property, and
- “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
##### 263AZA
- (1) A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if—
- (a) the individual acquired the certificate in connection with the generation of electricity by a microgeneration system,
- (b) the system is installed at or near domestic premises occupied by the individual, and
- (c) the individual intends that the amount of electricity generated by it will not significantly exceed the amount of electricity consumed in those premises.
- (2) In subsection (1)—
- “*domestic premises*” means premises used wholly or mainly as a separate private dwelling,
- “*microgeneration system*” means any plant (including any equipment, apparatus or appliance) or system of plant for generating electricity or producing heat—which, in generating electricity or (as the case may be) producing heat, relies wholly or mainly on a source of energy or a technology mentioned in subsection (7) of section 82 of the Energy Act 2004, andwhose capacity to generate electricity or (as the case may be) to produce heat does not exceed the capacity mentioned in subsection (8) of that section,
- “*renewables obligation certificate*” means a certificate issued under section 32B of the Electricity Act 1989 or Article 54 of the Energy (Northern Ireland) Order 2003.
##### 140DA
- (1) This section applies where—
- (a) a transfer of assets to which section 140A(1A) or 140C(1A) applies has taken place,
- (b) the transferor and the transferee (or each of the transferees) are each resident in a member State,
- (c) they are not all resident in the same State, and
- (e) the transfer does not constitute or form part of a scheme of reconstruction within the meaning of section 136.
- (2) Where this section applies, the transfer shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.
- (3) Where section 136 applies by virtue of subsection (2) above section 136(6) (and section 137) shall not apply.
### Transparent entities: disapplication of reliefs related to Mergers Directive
##### 140H
- (1) This section applies if—
- (a) a company (“company B”) issues shares or debentures to a person in exchange for shares in or debentures of another company (“company A”),
- (b) the exchange falls within one of the cases specified in section 135(2), and
- (c) either company B or company A or both is a transparent entity.
- (2) Where this section applies—
- (a) “company” in section 135 shall be treated as meaning an entity listed in Part A of Annex I to the Mergers Directive, and
- (b) section 135(3) does not apply.
- (3) If, as a result of an exchange in relation to which this section applies, a gain accruing to a person holding shares in or debentures of company A on the exchange would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements, shall apply as if that tax, calculated in accordance with subsection (4), had been chargeable.
- (4) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the exchange are set against gains arising on the exchange, and
- (b) any relief available to company A under that law has been claimed.
##### 140I
- (1) This section applies in relation to a transfer of a business, or part of a business, where—
- (a) the transfer is of a kind mentioned in section 140A(1) or (1A) (or which would be of such a kind if the business, or the part of the business, transferred were carried on by the transferor in the United Kingdom and the condition mentioned in section 140A(1)(e) were satisfied in relation to the transferee, or each of the transferees), and
- (b) either the transferor or the transferee, or one of the transferees, is a transparent entity.
- (2) Where this section applies—
- (a) if the transferor is a transparent entity, sections 140A and 140DA do not apply in relation to the transfer;
- (b) if a transferee is a transparent entity, section 140DA does not apply in relation to the transfer to it.
- (3) If, as a result of a transfer in relation to which this section applies, a transfer gain would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements, shall apply as if that tax, calculated in accordance with subsection (5), had been chargeable.
- (4) In subsection (3) “transfer gain” means a gain accruing to a transparent entity (or which would be treated as accruing to that entity were it not transparent) by reason of the transfer of assets by the transparent entity to the transferee.
- (5) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the transfer are set against gains arising on the transfer, and
- (b) any relief available under that law has been claimed.
##### 140J
- (1) This section applies in relation to a merger if—
- (a) the merger is of a kind mentioned in section 140E(1),
- (b) the conditions in section 140E(2) are satisfied in relation to the merger, and
- (c) one or more of the merging companies is a transparent entity.
- (2) Where this section applies—
- (a) if the assets and liabilities of a transparent entity are transferred to another company by reason of the merger, sections 140E and 140G shall not apply;
- (b) if the assets and liabilities of one or more other companies are transferred to a transparent entity by reason of the merger section 140G shall not apply.
- (3) If, as a result of a merger in relation to which this section applies, a merger gain would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements shall apply as if that tax, calculated in accordance with subsection (5), had been chargeable.
- (4) In subsection (3) “merger gain” means a gain accruing to a transparent entity (or which would be treated as accruing to that entity were it not transparent) by reason of the transfer of assets by the transparent entity to another company on the merger.
- (5) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the merger are set against gains arising on the merger, and
- (b) any relief available under that law has been claimed.
##### 140K
- (1) This section applies if—
- (a) a transparent entity (“company A”) is a transferee for the purposes of section 140A(1A) or 140E,
- (b) a person (“X”) with an interest in company A was or is also a shareholder or debenture holder of a company (“company B”),
- (c) X became entitled to an interest, or an increased interest, in company A in exchange for a disposal of shares in, or debentures of, company B on a merger to which section 140E applied or on a transfer to which section 140A(1A) applied,
- (d) a chargeable gain accrued to X on the disposal of shares in or debentures of company B,
- (e) in calculating the gain on the shares or debentures account was taken of the value of an asset of company B, and
- (f) X makes a disposal of his interest in the asset.
- (2) In computing the gain accruing to X on a disposal to which subsection (1)(f) applies, the sum allowable as a deduction in accordance with section 38(1)(a) in relation to the interest, or the proportion of the interest, which X acquired on the merger or transfer shall be the value taken into account in computing the gain on the disposal of his shares in, or debentures of, company B.
- (3) In this section a reference to an interest in company A includes—
- (a) an interest in the assets of company A,
- (b) shares in company A, and
- (c) debentures of company A.
##### 140L
- (1) In sections 140A to 140K and this section, unless the contrary intention appears—
- (a) “the Mergers Directive” means Council Directive 2009/133/EC,
- (b) “company” means an entity listed as a company in Part A of Annex I to the Mergers Directive, and
- (c) “transparent entity” means an entity which is resident in a member State other than the United Kingdom and is listed as a company in Part A of Annex I to the Mergers Directive, but—
- (i) does not have an ordinary share capital (within the meaning given by section 1119 of CTA 2010), and
- (ii) if it were resident in the United Kingdom, would not be capable of being a company within the meaning given by the Companies Act 2006.
- (2) For the purposes of those sections and subsection (1) above, a company is resident in a member State if—
- (a) it is within a charge to tax under the law of the State as being resident for that purpose, and
- (b) it is not regarded, for the purpose of any double taxation relief arrangements to which the State is a party, as resident in a territory not within a member State.
#### Treatment of alternative finance arrangements
#### Restrictions on buying losses: tax avoidance schemes
##### 140GA
Sections 24 and 122 do not apply if—
- (a) a merger is effected by the transfer by a company (“the transferor company”) of all of its assets and liabilities to a single company that holds the whole of the ordinary share capital in the transferor company,
- (b) each merging company is resident in a member State,
- (c) the merging companies are not all resident in the same State,
- (d) section 139 does not apply in relation to the transfer, and
- (e) in the course of the merger the transferor company ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c. 55).
##### 14A
- (1) This section applies if—
- (a) by virtue of section 13, part of a chargeable gain that accrues to a company on the disposal of an asset is treated as accruing to an individual in a tax year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) The part of the chargeable gain treated as accruing to the individual (“the deemed chargeable gain”) is a foreign chargeable gain within the meaning of section 12 if (and only if) the asset is situated outside the United Kingdom.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained by the company on the disposal of the asset as deriving from the deemed chargeable gain, and
- (b) unless the consideration so obtained is of an amount at least equal to the market value of the asset, treat the asset as deriving from the deemed chargeable gain.
- (4) If—
- (a) the deemed chargeable gain is a foreign chargeable gain (within the meaning of section 12),
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the year mentioned in subsection (1), and
- (c) any of the deemed chargeable gain is remitted to the United Kingdom in a tax year after that year,
the chargeable gain treated under section 12(2) as accruing may not be reduced or extinguished under section 13(8).
##### 16ZA
- (1) In this section “*the relevant tax year*”, in relation to an individual, means the first tax year for which—
- (a) section 809B of ITA 2007 (claim for remittance basis) applies to the individual, and
- (b) the individual is not domiciled in the United Kingdom.
- (2) An individual may make an election under this section for the relevant tax year (in which case sections 16ZB and 16ZC have effect in relation to the individual for the relevant tax year and all subsequent tax years).
- (3) If an individual does not make such an election, foreign losses accruing to the individual in—
- (a) the relevant tax year, or
- (b) any subsequent tax year except one in which the individual is domiciled in the United Kingdom,
are not allowable losses.
- (4) Sections 42 and 43 of the Management Act (procedure and time limit for making claims), except section 42(1A) of that Act, apply in relation to an election under this section as they apply in relation to a claim for relief.
- (5) An election under this section is irrevocable.
- (6) In this section “*foreign loss*” means a loss accruing from the disposal of an asset situated outside the United Kingdom.
##### 16ZB
- (1) This section applies to an individual for a tax year (“the applicable tax year”) if—
- (a) the individual has made an election under section 16ZA,
- (b) foreign chargeable gains accrued to the individual in or after the relevant tax year (within the meaning of section 16ZA) but before the applicable tax year, and
- (c) by reason of the remission of any of the foreign chargeable gains to the United Kingdom, chargeable gains are treated under section 12 as accruing to the individual in the applicable tax year or a part of the applicable tax year (“the relevant gains”).
- (2) Section 2(2) or (4) has effect for the applicable tax year as if the relevant gains had not accrued.
- (3) The amount on which the individual is charged to capital gains tax for the applicable tax year is (instead of the amount given by section 2(2) or (4)(b), as reduced under section 3) the sum of—
- (a) the adjusted taxable amount, and
- (b) the amount of the relevant gains.
- (4) “*The adjusted taxable amount*” is—
- (a) if section 3(1) (annual exempt amount) does not apply to the individual for the applicable tax year, the amount given by section 2(2) or (4)(b) as it has effect by virtue of subsection (2), and
- (b) otherwise, so much of that amount as exceeds the exempt amount for the applicable tax year (within the meaning of section 3).
- (5) In subsection (1) “*foreign chargeable gains*” has the meaning given by section 12(4).
- (6) For the purposes of subsection (1)(c) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
##### 16ZC
- (1) This section applies to an individual for a tax year if—
- (a) the individual has made an election under section 16ZA for the tax year or any earlier tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the tax year, and
- (c) the individual is not domiciled in the United Kingdom in the tax year.
- (2) The following steps apply for the purpose of calculating the amount on which the individual is to be charged to capital gains tax for the tax year.
- *Step 1*Deduct any relevant allowable losses from the chargeable gains referred to in subsection (3) in the order in which they appear there (starting with paragraph (a) of that subsection).If allowable losses are deductible from the chargeable gains referred to in subsection (3)(b) but are not enough to exhaust them all—those chargeable gains are to be ordered according to the day on which they accrued,the losses are to be deducted from those gains in reverse chronological order (starting with the last chargeable gain to accrue), andif allowable losses are deductible from chargeable gains that accrued on a particular day but are not enough to exhaust all of the chargeable gains that accrued on that day, the amount deducted from each of those chargeable gains is the appropriate proportion of the losses.In paragraph (c) “*the appropriate proportion*”, in relation to a chargeable gain, is the amount of that gain divided by the total amount of the chargeable gains that accrued on the day in question.
- *Step 2*Treat the amount referred to in section 2(2) or (4)(a) or 16ZB(3)(a) as being equal to—the amount it would be if there were no relevant allowable losses, minusthe total amount deducted under Step 1 from chargeable gains within subsection (3)(a) or (c).
- (3) The chargeable gains are—
- (a) foreign chargeable gains accruing to the individual in the tax year, to the extent that they are remitted to the United Kingdom in that year or, if that year is a split year as respects the individual, in the UK part of that year,
- (b) foreign chargeable gains accruing to the individual in that year, to the extent that they are not so remitted in that year or they are so remitted in that year but it is a split year as respects the individual and they are so remitted in the overseas part of the year, and
- (c) chargeable gains accruing to the individual in that year (other than foreign chargeable gains).
- (4) Chargeable gains treated as accruing under section 87 or 89(2) (read, where appropriate, with section 10A) are not within any paragraph of subsection (3).
- (5) Chargeable gains treated as accruing under section 12 are not within subsection (3)(c).
- (6) For the purposes of subsection (3) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
- (7) In this section—
- “*relevant allowable losses*” means the allowable losses that section 2(2) provides may be deducted from chargeable gains accruing to the individual in the tax year or a part of the tax year, and
- “*foreign chargeable gains*” has the meaning given by section 12(4).
##### 16ZD
- (1) This section applies if section 16ZC applies to an individual for a tax year.
- (2) Any allowable loss deducted under step 1 of section 16ZC(2) is to be regarded (for the purposes of section 2(2)(b)) as allowed as a deduction from chargeable gains accruing to the individual in the tax year.
- (3) If a deduction is made under step 1 of section 16ZC(2) from a foreign chargeable gain within section 16ZC(3)(b), the amount of the foreign chargeable gain is reduced by the amount deducted.
#### Disposals in cases of hire-purchase and similar transactions.
##### 35A
- (1) This section applies for the purposes of capital gains tax in relation to a disposal of an asset if—
- (a) the person making the disposal acquired the asset after 31 March 1982 and before 6 April 2008,
- (b) the disposal by which the person acquired the asset (“the relevant disposal”), and any previous disposal of the asset after 31 March 1982, was a disposal on which, by virtue of any enactment, neither a gain nor a loss accrued to the person making the disposal, and
- (c) section 35(2) did not apply to the relevant disposal.
- (2) It is to be assumed that section 35(2) did apply to the relevant disposal (and that section 56(2) applied to the relevant disposal accordingly).
#### Individual who has made election under section 16ZA and to whom remittance basis applies
#### Section 16ZC: supplementary
##### 52A
This Chapter applies only for the purposes of corporation tax.
##### 87A
- (1) This section supplements section 87.
- (2) The following steps are to be taken for the purposes of matching capital payments with section 2(2) amounts.
- *Step 1*Find the section 2(2) amount for the relevant tax year.
- *Step 2*Find the total amount of capital payments received by the beneficiaries from the trustees in the relevant tax year.
- *Step 3*The section 2(2) amount for the relevant tax year is matched with—if the total amount of capital payments received in the relevant tax year does not exceed the section 2(2) amount for the relevant tax year, each capital payment so received, andotherwise, the relevant proportion of each of those capital payments.“*The relevant proportion*” is the section 2(2) amount for the relevant tax year divided by the total amount of capital payments received in the relevant tax year.
- *Step 4*If paragraph (a) of Step 3 applies—reduce the section 2(2) amount for the relevant tax year by the total amount of capital payments referred to there, andreduce the amount of those capital payments to nil.If paragraph (b) of that Step applies—reduce the section 2(2) amount for the relevant tax year to nil, andreduce the amount of each of the capital payments referred to there by the relevant proportion of that capital payment.
- *Step 5*Start again at Step 1 (unless subsection (3) applies).If the section 2(2) amount for the relevant tax year (as reduced under Step 4) is not nil, read references to capital payments received in the relevant tax year as references to capital payments received in the latest tax year which—is before the last tax year for which Steps 1 to 4 have been undertaken, andis a tax year in which capital payments (the amounts of which have not been reduced to nil) were received by beneficiaries.If the section 2(2) amount for the relevant tax year (as so reduced) is nil, read references to the section 2(2) amount for the relevant tax year as the section 2(2) amount for the latest tax year—which is before the last tax year for which Steps 1 to 4 have been undertaken, andfor which the section 2(2) amount is not nil.
- (3) This subsection applies if—
- (a) all of the capital payments received by beneficiaries from the trustees in the relevant tax year or any earlier tax year have been reduced to nil, or
- (b) the section 2(2) amounts for the relevant tax year and all earlier tax years have been reduced to nil.
- (4) The effect of any reduction under Step 4 of subsection (2) is to be taken into account in any subsequent application of this section.
##### 87B
- (1) This section applies if—
- (a) chargeable gains are treated under section 87 as accruing to an individual in a tax year, and
- (b) section 809B, 809D or 809E (remittance basis) applies to the individual for that year, ...
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The chargeable gains are foreign chargeable gains within the meaning of section 12 (non-UK domiciled beneficiaries to whom remittance basis applies).
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.
- (4) For the purposes of subsection (3) property or a benefit is “relevant” if the capital payment by reason of which the chargeable gains are treated as accruing consists of—
- (a) the payment or transfer of the property or its becoming property to which section 60 applies, or
- (b) the conferring of the benefit.
##### 87C
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement, no account is to be taken of a capital payment (or a part of a capital payment) within subsection (2).
- (2) A capital payment is within this subsection if (and to the extent that) it is received (or treated as received) in a tax year from the trustees of the settlement by a company that—
- (a) is not resident in the United Kingdom in that year, and
- (b) would be a close company if it were resident in the United Kingdom,
(and is not treated under any of subsections (3) to (5) of section 96 as received by another person).
##### 90A
- (1) Section 90 does not apply to a transfer of settled property made for consideration in money or money's worth if the amount (or value) of that consideration is equal to or exceeds the market value of the property transferred.
- (2) The following provisions apply if—
- (a) section 90 applies to a transfer of settled property made for consideration in money or money's worth, and
- (b) the amount (or value) of that consideration is less than the market value of the property transferred.
- (3) If the transfer is of all of the settled property, for the purposes of section 90 treat the transfer as being of part only of the settled property.
- (4) Deduct the amount (or value) of the consideration from the amount of the market value referred to in section 90(4)(a).
##### 119B
- (1) For the purposes of section 119A reduce the amount that counts as employment income by so much of that amount (if any) as is—
- (a) unchargeable foreign securities income, or
- (b) unremitted chargeable foreign securities income.
- (1A) In this section “*unchargeable foreign securities income*” means unchargeable foreign securities income for the purposes of section 41F of ITEPA 2003 (taxable specific income: internationally mobile employees etc) (see sections 41H to 41L of that Act).
- (2) In this section “*unremitted chargeable foreign securities income*” means income that—
- (a) is chargeable foreign securities income for the purposes of section 41F of ITEPA 2003, and
- (b) has not been remitted to the United Kingdom by the end of the tax year in which the disposal mentioned in section 119A(1) occurs.
- (3) The following provisions apply if any of the unremitted chargeable foreign securities income is remitted to the United Kingdom after the end of the tax year referred to in subsection (2)(b).
- (4) The person liable for the capital gains tax on any chargeable gains arising on the disposal may make a claim for section 119A(2) to have effect as if the remitted income had been remitted before the end of that tax year.
- (5) All adjustments (by way of repayment of tax, assessment or otherwise) are to be made which are necessary to give effect to a claim under subsection (4).
- (6) Those adjustments may be made at any time, despite anything to the contrary in any enactment relating to capital gains tax.
##### 165A
- (1) This section has effect for the interpretation of section 165 (and this section).
- (2) “*Holding company*” means a company that has one or more 51% subsidiaries.
- (3) “*Trading company*” means a company carrying on trading activities whose activities do not include to a substantial extent activities other than trading activities.
- (4) For the purposes of subsection (3) above “*trading activities*” means activities carried on by the company—
- (a) in the course of, or for the purposes of, a trade being carried on by it,
- (b) for the purposes of a trade that it is preparing to carry on,
- (c) with a view to its acquiring or starting to carry on a trade, or
- (d) with a view to its acquiring a significant interest in the share capital of another company that—
- (i) is a trading company or the holding company of a trading group, and
- (ii) if the acquiring company is a member of a group of companies, is not a member of that group.
- (5) Activities do not qualify as trading activities under subsection (4)(c) or (d) above unless the acquisition is made, or the company starts to carry on the trade, as soon as is reasonably practicable in the circumstances.
- (6) The reference in subsection (4)(d) above to the acquisition of a significant interest in the share capital of another company is to an acquisition of ordinary share capital in the other company—
- (a) such as would make that company a 51% subsidiary of the acquiring company, or
- (b) such as would give the acquiring company a qualifying shareholding in a joint venture company without making the two companies members of the same group of companies.
- (7) For the purpose of determining whether a company which has a qualifying shareholding in a joint venture company is a trading company—
- (a) any holding by it of shares in the joint venture company is to be disregarded, and
- (b) it is to be treated as carrying on an appropriate proportion of the activities of the joint venture company or, where the joint venture company is the holding company of a trading group, of the activities of that group;
and in paragraph (b) above “*appropriate proportion*” means a proportion corresponding to the percentage of the ordinary share capital of the joint venture company held by the company.
- (8) “*Trading group*” means a group of companies—
- (a) one or more of whose members carry on trading activities, and
- (b) the activities of whose members, taken together, do not include to a substantial extent activities other than trading activities.
- (9) For the purposes of subsection (8) above “*trading activities*” means activities carried on by a member of the group—
- (a) in the course of, or for the purposes of, a trade being carried on by any member of the group,
- (b) for the purposes of a trade that any member of the group is preparing to carry on,
- (c) with a view to any member of the group acquiring or starting to carry on a trade, or
- (d) with a view to any member of the group acquiring a significant interest in the share capital of another company that—
- (i) is a trading company or the holding company of a trading group, and
- (ii) is not a member of the same group of companies as the acquiring company.
- (10) Activities do not qualify as trading activities under subsection (9)(c) or (d) above unless the acquisition is made, or the group member in question starts to carry on the trade, as soon as is reasonably practicable in the circumstances.
- (11) The reference in subsection (9)(d) above to the acquisition of a significant interest in the share capital of another company is to an acquisition of ordinary share capital in the other company—
- (a) such as would make that company a member of the same group of companies as the acquiring company, or
- (b) such as would give the acquiring company a qualifying shareholding in a joint venture company without making the joint venture company a member of the same group of companies as the acquiring company.
- (12) For the purpose of determining whether a group of companies is a trading group in a case where any one or more members of the group has a qualifying shareholding in a joint venture company which is not a member of the group—
- (a) every holding of shares in the joint venture company by a member of the group having a qualifying shareholding in it is to be disregarded, and
- (b) each member of the group having such a qualifying shareholding is to be treated as carrying on an appropriate proportion of the activities of the joint venture company or, where the joint venture company is a holding company of a trading group, of the activities of that group;
and in paragraph (b) above “*appropriate proportion*” means a proportion corresponding to the percentage of the ordinary share capital of the joint venture company held by the member of the group.
- (13) For the purposes of this section the activities of the members of a group of companies are to be treated as one business (with the result that activities are disregarded to the extent that they are intra-group activities).
- (14) In this section—
- “*51% subsidiary*” has the meaning given by Chapter 3 of Part 24 of CTA 2010,
- “*group of companies*” means a company which has one or more 51% subsidiaries together with those subsidiaries,
- “*joint venture company*” means a company—which is a trading company or the holding company of a trading group, and75% or more of the ordinary share capital of which (in aggregate) is held by not more than 5 persons (the shareholdings of members of a group of companies being regarded for the purposes of this paragraph as held by a single company),
- “*ordinary share capital*” has the meaning given by section 989 of ITA 2007,
- “*qualifying shareholding*”, in relation to a company and a joint venture company, means—the holding by the company of 10% or more of the ordinary share capital of the joint venture company, or(where the company is a member of a group of companies) the holding by the company and the other members of the group (between them) of 10% or more of that ordinary share capital, and
- “*trade*” means (subject to section 241(3)) anything which—is a trade, profession or vocation, within the meaning of the Income Tax Acts, andis conducted on a commercial basis and with a view to the realisation of profits.
### Chapter 3 — Entrepreneurs’ relief
##### 169H
- (1) This Chapter provides for a lower rate of capital gains tax in respect of qualifying business disposals (to be known as “*entrepreneurs' relief*”).
- (2) The following are qualifying business disposals—
- (a) a material disposal of business assets: see section 169I,
- (b) a disposal of trust business assets: see section 169J, and
- (c) a disposal associated with a relevant material disposal: see section 169K.
- (3) But in the case of certain qualifying business disposals, entrepreneurs' relief is given only in respect of disposals of relevant business assets comprised in the qualifying business disposal: see sections 169L and 169LA.
- (4) Section 169M makes provision requiring the making of a claim for entrepreneurs' relief.
- (5) Sections 169N to 169P make provision as to the amount of entrepreneurs' relief.
- (6) Sections 169Q and 169R make provision about reorganisations.
- (7) Section 169S contains interpretative provisions for the purposes of this Chapter.
##### 169I
- (1) There is a material disposal of business assets where—
- (a) an individual makes a disposal of business assets (see subsection (2)), and
- (b) the disposal of business assets is a material disposal (see subsections (3) to (7)).
- (2) For the purposes of this Chapter a disposal of business assets is—
- (a) a disposal of the whole or part of a business,
- (b) a disposal of (or of interests in) one or more assets in use, at the time at which a business ceases to be carried on, for the purposes of the business, or
- (c) a disposal of one or more assets consisting of (or of interests in) shares in or securities of a company.
- (3) A disposal within paragraph (a) of subsection (2) is a material disposal if the business is owned by the individual throughout the period of 1 year ending with the date of the disposal.
- (4) A disposal within paragraph (b) of that subsection is a material disposal if—
- (a) the business is owned by the individual throughout the period of 1 year ending with the date on which the business ceases to be carried on, and
- (b) that date is within the period of 3 years ending with the date of the disposal.
- (5) A disposal within paragraph (c) of subsection (2) is a material disposal if condition A, B, C or D is met.
- (6) Condition A is that, throughout the period of 1 year ending with the date of the disposal—
- (a) the company is the individual's personal company and is either a trading company or the holding company of a trading group, and
- (b) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7) Condition B is that the conditions in paragraphs (a) and (b) of subsection (6) are met throughout the period of 1 year ending with the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company,
and that date is within the period of 3 years ending with the date of the disposal.
- (7A) Condition C is that—
- (a) the assets disposed of are relevant EMI shares,
- (b) the option grant date is, or is before, the first date of the period of 1 year ending with the date of the disposal, and
- (c) throughout that period of 1 year—
- (i) the company is either a trading company or the holding company of a trading group, and
- (ii) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7B) Condition D is that—
- (a) the assets disposed of are relevant EMI shares acquired by the individual before the cessation date,
- (b) the option grant date is, or is before, the first date of the period of 1 year ending with the cessation date,
- (c) the conditions in paragraph (c) of subsection (7A) are met throughout that period of 1 year, and
- (d) the cessation date is within the period of 3 years ending with the date of the disposal.
- (7C) In this section “*relevant EMI shares*” means—
- (a) shares of a company acquired by an individual to which subsection (7D) applies, or
- (b) shares of a company to which subsection (7F) applies.
- (7D) This subsection applies to shares of a company acquired by an individual if the individual—
- (a) acquires them on or after 6 April 2013, and
- (b) acquires them as a result of the exercise of a qualifying option within the meaning given by section 527(4) of ITEPA 2003 (enterprise management incentives) where the option is exercised on or before the tenth anniversary of the date mentioned in section 529(2) of that Act.
- (7E) Subsection (7D) does not apply to shares acquired as a result of the exercise of a qualifying option if—
- (a) a disqualifying event (see section 533 of ITEPA 2003) occurs in relation to the option before its exercise, and
- (b) it is exercised later than the period mentioned in section 532(1)(b) of ITEPA 2003.
- (7F) This subsection applies to shares of a company if—
- (a) the shares are the new holding in a case in which section 127 applies in relation to an individual,
- (b) the original shares in that case are relevant EMI shares (whether by virtue of subsection (7D) or this subsection), and
- (c) that case is one in which section 127 applies by virtue only of—
- (i) section 126, or
- (ii) subject to subsection (7G), section 135(3).
- (7G) Subsection (7F)(c)(ii) applies only if—
- (a) the exchange of shares in question is a qualifying exchange of shares as defined in paragraph 40 of Schedule 5 to ITEPA 2003, and
- (b) when the exchange occurs, the independence requirement (see paragraph 9 of Schedule 5 to ITEPA 2003) and the trading activities requirement (see paragraphs 13 and 14 of that Schedule) are met in relation to the new company (see paragraph 40(1)(a) of that Schedule).
- (7H) In this section “*the original relevant EMI shares*”, in relation to shares which are relevant EMI shares by virtue of subsection (7F), means the shares originally acquired by the individual to which subsection (7D) applied.
- (7I) If the shares disposed of are relevant EMI shares by virtue of subsection (7F), in relation to times before the reorganisation mentioned in section 127, in subsection (7A)(c) references to the company are to be read as references to (if different)—
- (a) the company whose shares are the original relevant EMI shares, or
- (b) if there has been more than one reorganisation since the original relevant EMI shares were acquired—
- (i) the company whose shares are the original relevant EMI shares, or
- (ii) if at the time in question the individual is holding relevant EMI shares which are shares of another company, that other company.
This subsection is subject to subsection (7N).
- (7J) If the shares disposed of are relevant EMI shares by virtue of subsection (7F), the question of whether the requirement of subsection (7B)(a) is met is to be determined by reference to the date of the acquisition of the original relevant EMI shares.
- (7K) Subject to what follows, in subsections (7A)(b) and (7B)(b) “*the option grant date*” means the date on which the qualifying option in question was granted.
- (7L) Subsections (7M) and (7N) apply if the qualifying option is a replacement option for the purposes of the EMI code (see paragraph 41 of Schedule 5 to ITEPA 2003).
- (7M) In subsections (7A)(b) and (7B)(b) “*the option grant date*” means—
- (a) the date on which the old option was granted, or
- (b) if the old option was also a replacement option, the date on which the earlier old option was granted,
and so on.
- (7N) In relation to any time during the currency of an old option taken into account under subsection (7M), in subsection (7A)(c) references to the company are to be read as references to the company whose shares were the subject of the old option.
- (7O) In subsection (7B) “*the cessation date*” means the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company.
- (7P) Subsections (7Q) and (7R) apply in relation to a disposal of relevant EMI shares if—
- (a) the shares were acquired as a result of the exercise of a qualifying option where—
- (i) a disqualifying event (see section 533 of ITEPA 2003) occurs in relation to the option before its exercise, but
- (ii) it is exercised within the period mentioned in section 532(1)(b) of ITEPA 2003, or
- (b) if the shares are relevant EMI shares by virtue of subsection (7F), the original relevant EMI shares were acquired as mentioned in paragraph (a).
- (7Q) Subsection (7A)(b) has effect as if the reference to the date of the disposal were a reference to the date of the disqualifying event.
- (7R) If the disqualifying event is within section 534(1)(c) of ITEPA 2003, subsection (7B)(a) has effect as if the reference to the cessation date were a reference to the first day after the period mentioned in section 532(1)(b) of that Act if that day is later than the cessation date.
- (8) For the purposes of this section—
- (a) an individual who disposes of (or of interests in) assets used for the purposes of a business carried on by the individual on entering into a partnership which is to carry on the business is to be treated as disposing of a part of the business,
- (b) the disposal by an individual of the whole or part of the individual's interest in the assets of a partnership is to be treated as a disposal by the individual of the whole or part of the business carried on by the partnership, and
- (c) at any time when a business is carried on by a partnership, the business is to be treated as owned by each individual who is at that time a member of the partnership.
##### 169J
- (1) There is a disposal of trust business assets where—
- (a) the trustees of a settlement make a disposal of settlement business assets (see subsection (2)),
- (b) there is an individual who is a qualifying beneficiary (see subsection (3)), and
- (c) the relevant condition is met (see subsections (4) and (5)).
- (2) In this Chapter “*settlement business assets*” means—
- (a) assets consisting of (or of interests in) shares in or securities of a company, or
- (b) assets (or interests in assets) used or previously used for the purposes of a business,
which are part of the settled property.
- (3) An individual is a qualifying beneficiary if the individual has, under the settlement, an interest in possession (otherwise than for a fixed term) in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the settlement business assets disposed of.
- (4) In relation to a disposal of settlement business assets within paragraph (a) of subsection (2) the relevant condition is that, throughout a period of 1 year ending not earlier than 3 years before the date of the disposal—
- (a) the company is the qualifying beneficiary's personal company and is either a trading company or the holding company of a trading group, and
- (b) the qualifying beneficiary is an officer or employee of the company or (if the company is a member of a group of companies) of one or more companies which are members of the trading group.
- (5) In relation to a disposal of settlement business assets within paragraph (b) of that subsection, the relevant condition is that—
- (a) the settlement business assets are used for the purposes of the business carried on by the qualifying beneficiary throughout the period of 1 year ending not earlier than 3 years before the date of the disposal, and
- (b) the qualifying beneficiary ceases to carry on the business on the date of the disposal or within the period of three years before that date.
- (6) In subsection (5)—
- (a) the reference to a business carried on by the qualifying beneficiary includes a business carried on by a partnership of which the qualifying beneficiary is a member, and
- (b) the reference to the qualifying beneficiary ceasing to carry on the business includes the qualifying beneficiary ceasing to be a member of the partnership or the partnership ceasing to carry on the business.
##### 169K
- (1) There is a disposal associated with a relevant material disposal if—
- (a) condition A1, A2 or A3 is met, and
- (b) conditions B and C are met.
- (1A) Condition A1 is that an individual (“P”) makes a material disposal of business assets which consists of the disposal of the whole or part of P's interest in the assets of a partnership, and—
- (a) P's disposed of interest is at least a 5% interest in the partnership's assets, and
- (b) at the date of the disposal, no partnership purchase arrangements exist.
- (1B) Condition A2 is that P makes a material disposal of business assets which consists of the disposal of shares in a company, all or some of which are ordinary shares, and at the date of the disposal—
- (a) the ordinary shares disposed of—
- (i) constitute at least 5% of the company's ordinary share capital, and
- (ii) carry at least 5% of the voting rights in the company, and
- (b) no share purchase arrangements exist.
- (1C) But condition A2 is not met if the disposal of shares is a disposal by virtue of section 122, other than such a disposal treated as made in consideration of a capital distribution from a company which is made in the course of dissolving or winding up the company.
- (1D) Condition A3 is that P makes a material disposal of business assets which consists of the disposal of securities of a company, and at the date of the disposal—
- (a) the securities disposed of constitute at least 5% of the value of the securities of the company, and
- (b) no share purchase arrangements exist.
- (1E) For the purposes of conditions A2 and A3, in relation to the disposal of shares in or securities of a company (“company A”), “*share purchase arrangements*” means arrangements under which P or a person connected with P is entitled to acquire shares in or securities of—
- (a) company A, or
- (b) a company which is a member of a trading group of which company A is a member.
- (2) For the purposes of subsection (1E)(b), a company is treated as a member of a trading group of which company A is a member if, at the date of the disposal mentioned in condition A2 or A3, arrangements exist which it is reasonable to assume will result in the company and company A becoming members of the same trading group.
- (3) Condition B is that P makes the disposal as part of P's withdrawal from participation in the business carried on by the partnership or by the company or (if the company is a member of a trading group) a company which is a member of the trading group.
- (3A) The disposal mentioned in condition B is not treated as part of P's withdrawal from participation in the business carried on by a partnership if at the date of that disposal there exist any partnership purchase arrangements.
- (3B) The disposal mentioned in condition B is not treated as part of P's withdrawal from participation in the business carried on by a company (“company A”) if at the date of that disposal there exist any arrangements under which P or a person connected with P is entitled to acquire shares in or securities of—
- (a) company A, or
- (b) a company which is a member of a trading group of which company A is a member.
- (3C) For the purposes of subsection (3B)(b), a company is treated as a member of a trading group of which company A is a member if, at the date of the disposal mentioned in condition B, arrangements exist which it is reasonable to assume will result in the company and company A becoming members of the same trading group.
- (4) Condition C is that, throughout the period of 1 year ending with the earlier of—
- (a) the date of the material disposal of business assets, and
- (b) the cessation of the business of the partnership or company,
the assets which (or interests in which) are disposed of are in use for the purposes of the business.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
- (6) In this section, in relation to a partnership, “*partnership purchase arrangements*” means arrangements under which P or a person connected with P is entitled to acquire any interest in, or increase that person's interest in, the partnership (including a share of the profits or assets of the partnership or an interest in such a share).
- (7) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*securities*” includes an interest in securities, and an “*interest in securities*” includes (in particular) an option to acquire securities;
- “*shares*” includes an interest in shares, and an “*interest in shares*” includes (in particular) an option to acquire shares.
- (8) For the purposes of this section, a person is treated as entitled to acquire anything which the person—
- (a) is entitled to acquire at a future date, or
- (b) will at a future date be entitled to acquire.
- (9) For the purposes of this section the assets of—
- (a) a Scottish partnership, or
- (b) a partnership under the law of any other country or territory under which assets of a partnership are regarded as held by or on behalf of the partnership as such,
are to be treated as held by the members of the partnership in the proportions in which they are entitled to share in the profits of the partnership.
References in this section to an individual's interest in the partnership's assets are to be construed accordingly.
##### 169L
- (1) If a qualifying business disposal is one which does not consist of the disposal of (or of interests in) shares in or securities of a company, entrepreneurs' relief is given only in respect of the disposal of relevant business assets comprised in the qualifying business disposal.
- (2) In this Chapter “*relevant business assets*” means assets (including, subject to section 169LA, goodwill) which are, or are interests in, assets to which subsection (3) applies, other than excluded assets (see subsection (4) below).
- (3) This subsection applies to assets which—
- (a) in the case of a material disposal of business assets, are assets used for the purposes of a business carried on by the individual or a partnership of which the individual is a member,
- (b) in the case of a disposal of trust business assets, are assets used for the purposes of a business carried on by the qualifying beneficiary or a partnership of which the qualifying beneficiary is a member, or
- (c) in the case of a disposal associated with a relevant material disposal, are assets used for the purposes of a business carried on by the partnership or company.
- (4) The following are excluded assets—
- (a) shares and securities, and
- (b) assets, other than shares or securities, which are held as investments.
##### 169M
- (1) Entrepreneurs' relief is to be given only on the making of a claim.
- (2) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
- (a) in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (3) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
- (4) A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.
##### 169N
- (1) Where a claim is made in respect of a qualifying business disposal—
- (a) the relevant gains (see subsection (5)) are to be aggregated, and
- (b) any relevant losses (see subsection (6)) are to be aggregated and deducted from the aggregate arrived at under paragraph (a).
- (2) The resulting amount is to be treated for the purposes of this Act as a chargeable gain accruing at the time of the disposal to the individual or trustees by whom the claim is made.
- (3) The rate of capital gains tax in respect of that gain is 10%, but this is subject to subsections (4) to (4B).
- (4) Subsections (4A) and (4B) apply if the aggregate of—
- (a) the gain mentioned in subsection (2), and
- (b) the total of so much of each amount resulting under subsection (1) by virtue of its operation in relation to earlier relevant qualifying business disposals (if any) as was—
- (i) charged at the rate in subsection (3), or
- (ii) subject to reduction under subsection (2) of this section as originally enacted,
exceeds £10 million.
- (4A) The rate in subsection (3) is to apply only to so much (if any) of the gain mentioned in subsection (2) as (when added to the total mentioned in subsection (4)(b)) does not exceed £10 million.
- (4B) Section 4 (rates of capital gains tax) is to apply to so much of the gain mentioned in subsection (2) as is not subject to the rate in subsection (3).
- (5) In subsection (1)(a) “*relevant gains*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), the gains accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of chargeable gains), and
- (b) otherwise, the gains accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed).
- (6) In subsection (1)(b) “*relevant losses*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), any losses accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of allowable losses, on the assumption that notice has been given under section 16(2A) in respect of them), and
- (b) otherwise, any losses accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed, on that assumption).
- (7) In subsection (4) “*earlier relevant qualifying business disposals*” means—
- (a) where the qualifying business disposal is made by an individual, earlier qualifying business disposals made by the individual and earlier disposals of trust business assets in respect of which the individual is the qualifying beneficiary, and
- (b) where the qualifying business disposal is a disposal of trust business assets in respect of which an individual is the qualifying beneficiary, earlier disposals of trust business assets in respect of which that individual is the qualifying beneficiary and earlier qualifying business disposals made by that individual.
- (8) If, on the same day, there is both a disposal of trust business assets in respect of which an individual is the qualifying beneficiary and a qualifying business disposal by the individual, this section applies as if the disposal of trust business assets were later.
- (9) Any gain or loss taken into account under subsection (1) is not to be taken into account under this Act as a chargeable gain or an allowable loss.
##### 169O
- (1) This section applies where, on a disposal of trust business assets, there is (in addition to the qualifying beneficiary) at least one other beneficiary who, at the material time, has an interest in possession in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of.
- (2) Only the relevant proportion of the amount which would otherwise result under subsection (1) of section 169N is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) For the purposes of this section “the relevant proportion” of an amount is the same proportion of the amount as that which, at the material time—
- (a) the qualifying beneficiary's interest in the income of the part of the settled property comprising the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of, bears to
- (b) the interests in that income of all the beneficiaries (including the qualifying beneficiary) who then have interests in possession in that part of the settled property.
- (5) In subsection (4) “*the qualifying beneficiary's interest*” means the interest by virtue of which he is the qualifying beneficiary (and not any other interest the qualifying beneficiary may have).
- (6) In this section “*the material time*” means the end of the latest period of 1 year which ends not earlier than 3 years before the date of the disposal and—
- (a) in the case of a disposal of settlement business assets within paragraph (a) of subsection (2) of section 169J, throughout which the conditions in paragraphs (a) and (b) of subsection (4) of that section are met, and
- (b) in the case of a disposal of settlement business assets within paragraph (b) of subsection (2) of that section, throughout which the business is carried on by the qualifying beneficiary.
##### 169P
- (1) This section applies where, on a disposal associated with a relevant material disposal, any of the conditions in subsection (4) is met.
- (2) Only such part of the amount which would otherwise result under subsection (1) of section 169N as is just and reasonable is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) The conditions referred to in subsection (1) are—
- (a) that the assets which (or interests in which) are disposed of are in use for the purposes of the business for only part of the period in which they are in the ownership of the individual,
- (b) that only part of the assets which (or interests in which) are disposed of are in use for the purposes of the business for that period,
- (c) that the individual is concerned in the carrying on of the business (whether personally, as a member of a partnership or as an officer or employee of a company which is the individual's personal company) for only part of the period in which the assets which (or interests in which) are disposed of are in use for the purposes of the business, and
- (d) that, for the whole or any part of the period for which the assets which (or interests in which) are disposed of are in use for the purposes of the business, their availability is dependent on the payment of rent.
- (5) In determining how much of an amount it is just and reasonable to bring into account under subsection (2) regard is to be had to—
- (a) in a case within paragraph (a) of subsection (4), the length of the period for which the assets are in use as mentioned in that paragraph,
- (b) in a case within paragraph (b) of that subsection, the part of the assets that are in use as mentioned in that paragraph,
- (c) in a case within paragraph (c) of that subsection, the length of the period for which the individual is concerned in the carrying on of the business as mentioned in that paragraph, and
- (d) in a case within paragraph (d) of that subsection, the extent to which any rent paid is less than the amount which would be payable in the open market for the use of the assets.
##### 169Q
- (1) This section applies where—
- (a) there is a reorganisation (within the meaning of section 126), and
- (b) the original shares and the new holding (within the meaning of that section) would fall to be treated by virtue of section 127 as the same asset.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the reorganisation involved a disposal of the original shares; and if such a claim is made section 127 does not apply.
- (3) An election under this section must be made—
- (a) if the reorganisation would (apart from section 127) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the reorganisation takes place.
- (5) The references in this section to a reorganisation (within the meaning of section 126) includes an exchange of shares or securities which is treated as such a reorganisation by virtue of section 135 or 136.
##### 169R
- (1) This section applies where the calculation under section 116(10)(a) would (apart from this section) have effect to produce a chargeable gain for an individual by reason of a relevant transaction.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the relevant transaction involved a disposal of the old asset; and if such a claim is made section 116(10) does not apply.
- (3) An election under this section must be made—
- (a) if the relevant transaction, so far as it relates to the old asset, would (apart from section 116(10)) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the relevant transaction takes place.
- (5) In this section, “old asset” and “relevant transaction” have the meaning given by section 116.
##### 169S
- (1) For the purposes of this Chapter “*a business*” means anything which—
- (a) is a trade, profession or vocation, and
- (b) is conducted on a commercial basis and with a view to the realisation of profits.
- (2) References in this Chapter to a disposal of an interest in shares in a company include a disposal of an interest in shares treated as made by virtue of section 122.
- (3) For the purposes of this Chapter “*personal company*”, in relation to an individual, means a company—
- (a) at least 5% of the ordinary share capital of which is held by the individual, and
- (b) at least 5% of the voting rights in which are exercisable by the individual by virtue of that holding.
- (4) For the purposes of subsection (3) if the individual holds any shares in the company jointly or in common with one or more other persons, the individual is to be treated as sole holder of so many of them as is proportionate to the value of the individual's share (and as able to exercise voting rights by virtue of that holding).
- (5) In this Chapter—
- “*disposal associated with a relevant material disposal*” has the meaning given by section 169K,
- “*disposal of business assets*” has the meaning given by section 169I(2),
- “*disposal of trust business assets*” has the meaning given by section 169J,
- “*employment*” has the meaning given by section 4 of ITEPA 2003,
- “*entrepreneurs' relief*” has the meaning given by section 169H(1),
- “*holding company*” has the same meaning as in section 165 (see section 165A),
- “*material disposal of business assets*” has the meaning given by section 169I,
- “*office*” has the meaning given by section 5(3) of ITEPA 2003,
- “*ordinary share capital*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007),
- “*qualifying business disposal*” has the meaning given by section 169H(2),
- “*relevant business asset*” has the meaning given by section 169L,
- “*rent*”, in relation to an asset, includes any form of consideration given for the use of the asset,
- “*securities*”, in relation to a company, includes any debentures of the company which are deemed by subsection (6) of section 251 to be securities for the purposes of that section,
- “*settlement business assets*” has the meaning given by section 169J(2),
- “*trade*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007), ...
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Seed enterprise investment scheme: reduction of relief
#### Tax recoverable from another group company or controlling director.
#### Disposals by Northern Ireland housing associations.
#### Amount of relief: non-resident CGT disposals
### Application of Schedule
##### A1
This Schedule applies only for the purposes of corporation tax.
### Outstanding section 2(2) amounts
##### 1A
- (1) The following steps are to be taken for the purpose of calculating the section 2(2) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 2(2) amount for the settlement for the relevant tax year and earlier tax years, as reduced under section 87A as it applies for the relevant tax year and earlier tax years.
- *Step 2*This Step applies if, by virtue of the matching of the section 2(2) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87 or 89(2) as accruing in the relevant tax year to a beneficiary who is not chargeable to tax for that year.Increase the section 2(2) amount for the applicable year (found under Step 1) by the amount of the chargeable gains.
- (2) For the purposes of Step 1 of sub-paragraph (1) take into account the effect of section 90 in relation to any transfer of settled property from or to the trustees of the settlement made in or before the relevant tax year.
- (3) For the purposes of this Schedule a beneficiary is “chargeable to tax” for a tax year if, as respects that year, the beneficiary meets the residence condition set out in section 2(1A).
### Attribution of gains: remittance basis
##### 8AA
Section 87B (remittance basis) applies in relation to chargeable gains treated under paragraph 8 as accruing as it applies in relation to chargeable gains treated under section 87 as accruing.
##### 116A
- (1) Section 116 applies in accordance with the following assumptions if—
- (a) a holding that is a relevant holding for the purposes of section 490 of CTA 2009 (holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights) is held by a company both at the end of one accounting period and at the beginning of the next, and
- (b) that section applies to the holding for one of those periods but not for the other.
- (2) The assumptions in subsections (3) and (4) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the first of those periods.
- (3) The relevant holding is assumed to have ceased to be a relevant holding for the second of those periods as a result of a transaction such as is mentioned in section 116(1) (“the reorganisation transaction”) occurring at the beginning of that period.
- (4) In relation to the reorganisation transaction within subsection (3), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
- (5) The assumptions in subsections (6) and (8) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the second of those periods.
- (6) The holding is assumed to have become a relevant holding for the second of those periods as a result of the occurrence at the end of first period of a transaction such as is mentioned in section 116(1).
- (7) But subsection (6) does not apply if the first of those periods is a period at the end of which a disposal of the relevant holding is treated as having occurred under section 212 (annual deemed disposal of holdings of unit trusts etc by insurance companies).
- (8) In relation to the reorganisation transaction within subsection (6), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
##### 116B
- (1) If at any time section 521B of CTA 2009 (application of Part 5 of that Act to certain shares as rights under a creditor relationship) begins or ceases to apply in the case of a share held by the investing company it is treated for the purposes of this Act—
- (a) as having disposed of the share immediately before that time for consideration of an amount equal to the notional carrying value of the share at that time, and
- (b) as having immediately reacquired it for consideration of the same amount.
- (2) In this section—
- “*notional carrying value*” has the same meaning as in subsection (2) of section 521F of CTA 2009 (see subsection (3) of that section),
- “*investing company*” has the same meaning as it has for the purposes of Chapter 6A of Part 6 of that Act (shares accounted for as liabilities) (see section 521A(3) of that Act).
##### 151E
- (1) The Treasury may by regulations make provision for or in connection with bringing into account in prescribed circumstances for the purposes of this Act amounts to which section 328(1) of CTA 2009 does not apply because of section 328(3) or (4) of that Act.
- (2) The regulations may—
- (a) make different provision for different cases, and
- (b) make provision subject to an election or to other prescribed conditions.
##### 151F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151G
- (1) If the Treasury make regulations under section 533 of CTA 2009 (power to change conditions for non-qualifying shares) adding, varying or removing such a condition as is mentioned in subsection (1) of that section, they may also by regulations amend this Act so as to make provision for or in connection with taxation in the case of any asset or transaction that is or was mentioned in the condition.
- (2) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) make incidental, supplemental, consequential and transitional provisions and savings.
- (3) Regulations made under subsection (2)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.
##### 156ZA
- (1) This section applies if a company is entitled to relief under Chapter 7 of Part 8 of CTA 2009 (roll-over relief in case of realisation and reinvestment) as a result of—
- (a) section 898 of that Act (roll-over relief where pre-FA 2002 assets disposed of on or after 1 April 2002), or
- (b) section 899 of that Act (roll-over relief where degrouping charge on pre-FA 2002 asset arises on or after 1 April 2002).
- (2) The company is treated for the purposes of this Act as if the consideration for the disposal of the old asset were reduced by the amount available for relief.
- (3) Subsection (2) does not affect the treatment for any purpose of the Taxes Acts of the other party to any transaction involved in the disposal of the old asset or the expenditure on other assets.
- (4) In this section—
- “*the old asset*” has the same meaning as in Chapter 7 of Part 8 of CTA 2009 (see section 754(2)), and
- “*the Taxes Acts*” means the enactments relating to income tax, corporation tax or chargeable gains.
##### 156ZB
- (1) Subsection (2) applies if there is a disposal on or after 1 April 2002 of an asset that is both—
- (a) an asset of a class specified in section 155, and
- (b) an intangible fixed asset for the purposes of Part 8 of CTA 2009.
- (2) The period specified in section 152(3)—
- (a) does not include any period beginning on or after 1 April 2002, and
- (b) may not be extended so as to include any such period.
- (3) Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).
- (4) In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.
#### Restriction on set-off of pre-entry losses.
#### Restrictions on buying gains: tax avoidance schemes
#### Disposals of interests in oil fields etc: ring fence provisions.
#### Disposals by housing related bodies.
##### 286A
Chapter 3 of Part 2 of CTA 2009 (rules for determining residence of companies) applies for the purposes of—
- (a) this Act (so far as relating to capital gains tax), and
- (b) any other enactment relating to capital gains tax,
as it applies for the purposes of the Corporation Tax Acts.
##### 225B
- (1) Where an individual—
- (a) ceases to live with his spouse or civil partner in a dwelling-house or part of a dwelling-house which is their only or main residence, and
- (b) subsequently disposes of, or of an interest in, the dwelling-house or part to the spouse or civil partner,
then, if conditions A to C are met, sections 222 to 224 shall apply as if the dwelling-house or part continued to be the individual’s only or main residence until the disposal.
- (2) Condition A is that the disposal mentioned in subsection (1)(b) is pursuant to—
- (a) an agreement between the individual and his spouse or civil partner made in contemplation of or otherwise in connection with the dissolution or annulment of the marriage or civil partnership, their judicial separation or the making of a separation order in respect of them, or their separation in other circumstances such that the separation is likely to be permanent, or
- (b) an order of a court—
- (i) made on granting an order or a decree of divorce or nullity of marriage, for the dissolution or annulment of the civil partnership, or for judicial separation,
- (ii) made in connection with the dissolution or annulment of the marriage or civil partnership or the parties’ judicial separation and which is made at any time after the granting of such an order or decree,
- (iii) made at any time under section 22A, 23, 23A, 24 or 24A of the Matrimonial Causes Act 1973,
- (iv) made at any time under article 25 or 26 of the Matrimonial Causes (Northern Ireland) Order 1978,
- (v) made under section 8 of the Family Law (Scotland) Act 1985, including incidental orders made by virtue of section 14 of that Act, or
- (vi) made at any time under any provision of Schedule 5 to the Civil Partnership Act 2004 that corresponds to any of the provisions mentioned in paragraphs (iii) and (iv).
- (3) Condition B is that in the period between the individual ceasing to reside in the dwelling-house or part of the dwelling-house and the disposal to the spouse or civil partner, the dwelling-house or part continues to be the only or main residence of the spouse or civil partner.
- (4) Condition C is that the individual has not given notice under section 222(5) or 222A that another dwelling-house or part of a dwelling-house is to be treated as the individual’s main residence for any part of that period.
- (5) Section 223 (as applied by this section) shall apply only on the making of a claim by the individual.
##### 225C
- (1) This section applies where—
- (a) an individual disposes of, or of an interest in, a dwelling-house or a part of a dwelling-house which is the individual’s only or main residence (“the initial disposal”),
- (b) the individual does so as a consequence of a change to the situation of the individual’s place of work or that of a co-owner of the dwelling-house or the interest, being a change that is required by the employer of the individual or the co-owner, and
- (c) the initial disposal is under a home purchase agreement.
- (2) If—
- (a) under the terms of the agreement the individual receives, within three years of the initial disposal, a share of any profit made by the purchaser upon the purchaser’s disposal of, or of an interest in, the dwelling-house or part of the dwelling-house, and
- (b) the receipt of that sum would be treated (apart from this section) as a disposal falling within section 22 (disposal where capital sums derived from assets),
that receipt shall be treated for the purposes of this Act as a gain attributable to the initial disposal but accruing to the individual at the time the sum is received.
- (3) In this section—
- “home purchase agreement” means an agreement—made with the employer or a person operating under an agreement with the employer (“the purchaser”),which includes a term entitling the individual to receive a share of any such profit as is mentioned in subsection (2)(a);
- “co-owner”, in relation to any individual (“A”), means another individual who holds an interest jointly or in common with A, whether or not the interests of the co-owners are equal.
##### 239ZA
- (1) Any gain accruing to trustees on the disposal of an asset comprised in the settled property of an employee trust shall not be a chargeable gain where the disposal is—
- (a) a disposal to a beneficiary, or
- (b) a deemed disposal under section 71(1),
if the conditions in subsection (2) are satisfied.
- (2) The conditions are that—
- (a) an amount that is equal to or exceeds the market value of the asset is chargeable to income tax as employment income within the meaning of section 7 of ITEPA 2003 (meaning of “employment income” etc);
- (b) neither the beneficiary nor (if different) the person who is liable for the income tax is an excluded person;
- (c) no actual consideration (as opposed to consideration deemed to be given by any enactment relating to the taxation of chargeable gains) is given directly or indirectly to the trustees for the asset; and
- (d) Schedule 7D does not to any extent prevent the gain being a chargeable gain.
- (3) The following are excluded persons—
- (a) a participator in a company, shares in or securities of which are comprised in the settled property;
- (b) a participator in a close company that has provided any property that has become comprised in the settled property;
- (c) a person who was a participator in a company within paragraph (a) or (b) at any time during the 10 years before the shares, securities or other property concerned became comprised in the settled property;
- (d) a person connected with a person within any of paragraphs (a) to (c).
- (4) For the purposes of subsection (3)—
- (a) “participator” has the same meaning as in section 239 and shall, in the case of a company which is not a close company, be construed as a person who would be a participator in the company if it were a close company, but
- (b) a person is not a participator unless either—
- (i) that person is entitled to, or entitled to rights enabling the acquisition of, 5% or more of the share capital of the company or any class of shares in the company, or
- (ii) that person would be entitled to 5% or more of the company’s assets on winding-up.
- (5) In determining whether a person is connected with another for the purposes of this section, section 286 shall apply as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.
- (6) In this section—
- “beneficiary” means a person within paragraph (a) or (b) of section 86(1) of the Inheritance Tax Act 1984 (trusts for benefit of employees);
- “close company” includes a company which, if resident in the United Kingdom, would be a close company as defined in section 288;
- “employee trust” means a settlement of property to which section 86 of the Inheritance Tax Act 1984 applies or would apply but for subsection (3) of that section;
- “market value” means the market value for the purposes of capital gains tax (as to which see section 272).
#### Chargeable event when replacement property owned.
#### Restriction of losses by reference to capital allowances and renewals allowances.
#### Part disposals.
##### 103A
- (1) This Act applies in relation to a relevant offshore fund as if—
- (a) the fund were a company, and
- (b) the rights of the participants in the fund were shares in the company.
- (2) An offshore fund is a relevant offshore fund if—
- (a) it is not constituted by a company or by two or more persons carrying on a trade or business in partnership, and
- (b) it is not a unit trust scheme (see section 99).
- (3) In this section and section 103B, “participant”, in relation to an offshore fund which is not a collective investment scheme, has the meaning given in section 362(1) of TIOPA 2010.
##### 171B
- (1) This section applies where an election is made under section 171A.
- (2) The effect of the election is that the chargeable gain or allowable loss, or such amount of it as is specified in the election, is treated as accruing not to company A but to company B.
- (3) The gain or loss treated as accruing to company B is to be taken to accrue at the time that, had the election not been made, it would have accrued to company A.
- (4) Where company B is not resident in the United Kingdom, the gain or loss treated as accruing to it is to be taken to accrue in respect of a chargeable asset held by it.
- (5) For this purpose an asset is a “*chargeable asset*” in relation to a company at any time if any gain accruing to the company on a disposal of the asset by the company at that time would be a chargeable gain and would by virtue of section 10B form part of its chargeable profits for corporation tax purposes.
- (6) Any payment made by company A to company B or by company B to company A, in pursuance of an agreement between them in connection with the election—
- (a) is not to be taken into account in computing profits or losses of either company for corporation tax purposes, and
- (b) is not for any purposes of the Corporation Tax Acts to be regarded as a distribution,
provided it does not exceed the amount of the chargeable gain or allowable loss that is treated, as a result of the election, as accruing to company B.
##### 171C
- (1) This section applies where —
- (a) an election is made under section 171A in relation to a gain or loss, and
- (b) company B is an insurance company.
- (2) For the purposes of section 171A(1)(c), section 118 of the Finance Act 2012 (disposals of certain assets by and to insurance companies to fall outside the rule in section 171) is to be disregarded.
- (3) Subsection (2) does not apply if—
- (a) company A is an insurance company, and
- (b) the gain or loss arose in respect of the disposal of an asset that, immediately before the disposal, was held for the purposes of the company's long-term business.
- (4) The chargeable gain or allowable loss treated as accruing to company B as a result of the election is to be treated for the purposes of section 210A (ring-fencing of losses) as a non-BLAGAB chargeable gain or (as the case may be) a non-BLAGAB allowable loss.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 99B
- (1) For the purposes of computing the gain accruing on a disposal by a unit holder of units in a unit trust scheme and for the purposes of all other provisions of this Act, an amount shall be treated as expenditure falling within section 38(1)(b) if—
- (a) it represents income from the investments subject to the unit trust scheme,
- (b) it has been reinvested in respect of the units on behalf of the unit holder (without an issue of new units), and
- (c) it is either—
- (i) charged to income tax as income of the unit holder (or would be charged to income tax as his income but for a relief which has effect in respect of it) for the purposes of the Income Tax Acts, or
- (ii) taken into account as a receipt in calculating profits, gains or losses of the unit holder for the purposes of the Income Tax Acts.
- (2) Where an amount is treated as expenditure by virtue of subsection (1), the expenditure shall be treated for the purposes of this Act as having been incurred—
- (a) in relation to an authorised unit trust, on the distribution date for the distribution period in respect of which the amount is reinvested, and
- (b) in relation to any other unit trust scheme, on the date on which the amount is reinvested.
- (3) In subsection (2)(a) “*distribution date*” and “*distribution period*” shall have the meaning given by regulations made under section 17(3) of the Finance (No. 2) Act 2005 (as at 1st April 2006, see regulation 15 of the Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)).
#### Sub-fund settlements
### Mergers within European Community
##### 140E
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that —
- (a) each of the merging companies is resident in a member State,
- (b) the merging companies are not all resident in the same State,
- (c) section 139 does not apply to any qualifying transferred assets,
- (d) in the case of a merger to which subsection (1)(a), (b) or (c) applies, either─
- (i) the transfer of assets and liabilities is made in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (ii) sub-paragraph (i) is not satisfied by reason only, and to the extent only, that the transferee is prevented from complying with sub-paragraph (i) by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself, and
- (e) in the case of a merger to which subsection (1)(c) or (d) applies, in the course of the merger each transferor ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986).
- (3) Where this section applies, qualifying transferred assets shall be treated for the purposes of corporation tax on chargeable gains as if acquired by the transferee for a consideration resulting in neither gain nor loss for the transferor.
- (4) For the purposes of subsections (2) and (3) an asset is a qualifying transferred asset if—
- (a) it is transferred to the transferee as part of the process of the merger, and
- (b) subsections (5) and (6) are satisfied in respect of it.
- (5) This subsection is satisfied in respect of a transferred asset if—
- (a) the transferor is resident in the United Kingdom at the time of the transfer, or
- (b) any gain that would have accrued to the transferor, had it disposed of the asset immediately before the time of the transfer, would have been a chargeable gain forming part of the transferor’s chargeable profits in accordance with section 10B.
- (6) This subsection is satisfied in respect of a transferred asset if—
- (a) the transferee is resident in the United Kingdom at the time of the transfer, or
- (b) any gain that would accrue to the transferee were it to dispose of the asset immediately after the transfer would be a chargeable gain forming part of the transferee’s chargeable profits in accordance with section 10B.
- (7) If subsection (2)(d)(ii) applies in relation to a transfer of assets and liabilities on a merger (in whole or in part), sections 24 and 122 do not apply.
- (8) This section does not apply in relation to a merger if—
- (a) it is not effected for bona fide commercial reasons, or
- (b) it forms part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoiding liability to corporation tax, capital gains tax or income tax,
- and section 138 (clearance in advance) shall apply to this subsection as it applies to section 137 (with any necessary modifications).
##### 195A
- (1) Sections 195B to 195F apply for the purposes of corporation tax on chargeable gains.
- (2) In those sections—
- “*licence-consideration swap*” means a case where conditions A, B, C and D are met;
- “*mixed-consideration swap*” means a case where conditions A, B, C and E are met.
- (3) Condition A is that a company (“company A”) disposes of one or more UK licences to another company (“company B”), by way of a bargain at arm's length (“disposal A”).
- (4) Condition B is that company B disposes of one or more UK licences to company A, by way of a bargain at arm's length (“disposal B”).
- (5) Condition C is that either or both of the following paragraphs applies—
- (a) the licence, or at least one of the licences, comprised in disposal A relates to a developed area;
- (b) the licence, or at least one of the licences, comprised in disposal B relates to a developed area.
- (6) Condition D is that both—
- (a) disposal A is the only consideration given for disposal B, and
- (b) disposal B is the only consideration given for disposal A.
- (7) Condition E is that either—
- (a) disposal A is the only consideration given for disposal B, or
- (b) disposal B is the only consideration given for disposal A,
(and accordingly one of the disposals is part of the consideration given for the other disposal).
- (8) In this section and sections 195B to 196 a reference to disposal of a UK licence includes—
- (a) a disposal of an interest in a UK licence, and
- (b) a disposal of a UK licence, or an interest in a UK licence, only so far as the licence relates to part of the licensed area.
##### 195B
- (1) This section applies to a licence-consideration swap.
- (2) Each company participating in the swap is to be treated as follows.
- (3) As regards the licence, or each licence, which the company disposes of, the company is to be treated as if it had disposed of that licence for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the company.
- (4) In a case where the company acquires only one licence, the company is to be treated as if it had acquired the licence for a consideration of the same amount as the deemed disposal consideration.
- (5) In a case where the company acquires two or more licences, as regards each licence acquired, the company is to be treated as if it had acquired that licence for a consideration of—
$$DDC×ATA$where—DDC is the deemed disposal consideration,A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (6) In this section “*deemed disposal consideration*”, in relation to a company participating in the swap, means—
- (a) the amount of the consideration for which the company is, under subsection (3), treated as having disposed of its licence (if the company disposes of only one licence), or
- (b) the aggregate of all such amounts (if the company disposes of two or more licences).
##### 195C
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss loss amount (“N”) of the company that receives the mixed consideration (“company R”), exceeds
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) In a case where company R acquires only one licence, company R is to be treated as if it had acquired the licence for a consideration of—
$N-C$
- (3) In a case where company R acquires two or more licences, as regards each licence acquired, company R is to be treated as if it had acquired the licence for a consideration of—
$$(N-C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company R of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company R is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company G”) subsequently disposes of the licence, company R's acquisition of the licence is to be treated as company G's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company R is a reference to—
- (a) in a case where company R disposes of only one licence, company R's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company R disposes of two or more licences, the aggregate of company R's no gain/no loss amounts in relation to all of those disposals.
##### 195D
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss amount (“N”) of the company that receives the mixed consideration (“company R”) does not exceed
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) As regards the licence, or each licence, which company R acquires, company R is to be treated as if it had acquired the licence for nil consideration.
- (3) In a case where company R disposes of only one licence, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$C-N$
- (4) In a case where company R disposes of two or more licences, as regards each licence disposed of, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$$(C-N)×DTD$where—D is the value of the licence disposed of, and TD is total value of all the licences disposed of.$
##### 195E
- (1) This section applies to a mixed-consideration swap—
- (a) whatever the no gain/no loss amount (“N”) of the company that gives the mixed consideration (“company G”), and
- (b) whatever the amount of the non-licence consideration (“C”) which company G gives.
- (2) In a case where company G acquires only one licence, company G is to be treated as if it had acquired the licence for a consideration of—
$N+C$
- (3) In a case where company G acquires two or more licences, as regards each licence acquired, company G is to be treated as if it had acquired the licence for a consideration of—
$$(N+C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company G of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company G is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company R”) subsequently disposes of the licence, company G's acquisition of the licence is to be treated as company R's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company G is a reference to—
- (a) in a case where company G disposes of only one licence, company G's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company G disposes of two or more licences, the aggregate of company G's no gain/no loss amounts in relation to all of those disposals.
##### 198A
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for roll-over relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 152 does not apply to any of the disposal consideration, and
- (b) any gain accruing to P on the disposal is not a chargeable gain.
- (4) In this section “*disposal consideration*” means the whole of the consideration obtained on the disposal made by P.
##### 198B
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for section 153 relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 153(1)(a) applies in relation to P and the disposal, but
- (b) section 153(1)(b) does not apply to P and the acquisition.
##### 198C
- (1) This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets (“the old assets”) declares, in P's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied in the acquisition of, or of an interest in, other assets (“the new assets”),
- (b) that the acquisition will take place as mentioned in section 152(3),
- (c) that the disposal and acquisition will be a ring fence reinvestment,
- (d) that P intends to make a claim under section 198A or 198B in relation to the disposal and acquisition, and
- (e) that P has not made, and will not make, a declaration under section 153A in relation to the disposal and acquisition.
- (2) Until the declaration ceases to have effect, section 198A or 198B applies as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim made under section 198A or 198B, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) If—
- (a) P makes a declaration under this section, and
- (b) the disposal and acquisition is not a ring fence reinvestment, but qualifies for roll-over relief or section 153 relief,
on P making a claim, the declaration is to have effect as also a declaration under section 153A.
- (6) In this section “*the relevant day*” means—
- (a) in relation to capital gains tax, the third anniversary of the 31st January next following the year of assessment in which the disposal of, or of the interest in, the old assets took place, and
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (7) Section 152(6), (10) and (11) apply for the purposes of this section as they apply for the purposes of section 152.
##### 198D
- (1) If P makes a claim under section 198A or 198B, no other relevant claim may be made in respect of the relevant acquisition.
- (2) P may make a claim under section 198A or 198B (“the new claim”), if P has previously made a claim under section 152 or 153 (“the previous claim”) in respect of the relevant acquisition.
- (3) But P may make the new claim only if the previous claim is withdrawn at or before the time the new claim is made.
- (4) If the new claim is made in accordance with subsections (2) and (3), all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section—
- “*relevant acquisition*” means the acquisition of the new assets that is comprised in the disposal and acquisition to which a claim under section 198A or 198B or declaration under section 198C relates;
- “*relevant claim*” means a claim under section 152, 153, 198A or 198B.
##### 198E
- (1) This section applies for the purposes of sections 198A to 198G.
- (2) A disposal and acquisition is a ring fence reinvestment if—
- (a) the disposal was—
- (i) a material disposal, or
- (ii) a disposal of a UK licence which relates to an undeveloped area,
- (b) the old assets were used only for the purposes of P's ring fence trade,
- (c) the new assets are taken into use, and used only, for the purposes of one or more of the following trades—
- (i) P's ring fence trade;
- (ii) if P is a member of a group of companies (within the meaning given in section 170), a ring fence trade of another member of that group, and
- (d) the new assets are oil assets.
- (3) If the disposal consists of—
- (a) disposal of a licence to which section 195D(3) applies, or
- (b) disposal of two or more licences to which section 195D(4) applies,
the consideration for the disposal is to be taken to be the whole of the non-licence consideration obtained on the disposal (which is referred to as “*C*” in section 195D).
- (4) Accordingly, in sections 198A to 198G (including section 198A(4)), any reference to the consideration obtained on the disposal has effect subject to subsection (3).
- (5) Each of the following is an “*oil asset*” for the purposes of this section—
- (a) an interest in oil to be won from an oil field,
- (b) an asset used in connection with an oil field,
- (c) a structure which is to be placed on the seabed of the United Kingdom continental shelf,
- (d) an asset used wholly in the winning of oil, or in the measuring of oil won, in the United Kingdom otherwise than from an oil field,
- (e) an asset used for the initial treatment or storage of oil in the United Kingdom,
- (f) an asset used for the transportation of oil from an oil field to the United Kingdom, and
- (g) a UK licence which relates to an undeveloped area.
- (6) Section 12 of the Oil Taxation Act 1975 (interpretation of Part 1 of that Act) applies for the interpretation of subsection (5)(a) to (f).
- (7) Expressions used in this section and in section 152 have the same meanings in this section as in section 152.
- (8) In this section a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
- (9) In this section—
- (a) “cooperative society” means a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014, a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969 or a similar society established in accordance with the law of a member State other than the United Kingdom,
- (b) “transferor” means—
- (i) in relation to a merger to which subsection (1)(a) applies, each company merging to form the SE,
- (ii) in relation to a merger to which subsection (1)(b) applies, each cooperative society merging to form the SCE, and
- (iii) in relation to a merger to which subsection (1)(c) or (d) applies, each company transferring all of its assets and liabilities,
- (c) “transferee” means—
- (i) in relation to a merger to which subsection (1)(a) applies, the SE,
- (ii) in relation to a merger to which subsection (1)(b) applies, the SCE, and
- (iii) in relation to a merger to which subsection (1)(c) or (d) applies, the company to which assets and liabilities are transferred, and
- (d) references in subsections (1)(c) and (2) to (7) to a company include references to a cooperative society.
##### 140F
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that—
- (a) each merging company is resident in a member State,
- (b) the merging companies are not all resident in the same State,
- (c) in the course of the merger a company resident in the United Kingdom (“company A”) transfers to a company resident in another member State (“company B”) all assets and liabilities relating to a business which company A carried on in a member State other than the United Kingdom through a permanent establishment,
- (d) the aggregate of the chargeable gains accruing to company A on the transfer exceeds the aggregate of any allowable losses so accruing, ...
- (e) in the case of a merger to which subsection (1)(a), (b) or (c) applies, either─
- (i) the transfer of assets and liabilities is made in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (ii) sub-paragraph (i) is not satisfied by reason only, and to the extent only, that the transferee is prevented from complying with sub-paragraph (i) by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself and
- (f) in the case of a merger to which subsection (1)(c) or (d) applies, in the course of the merger each transferor ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c.55)).
- (3) Where this section applies, for the purposes of this Act—
- (a) the allowable losses accruing to company A on the transfer shall be set off against the chargeable gains so accruing, and
- (b) the transfer shall be treated as giving rise to a single chargeable gain equal to the aggregate of those gains after deducting the aggregate of those losses.
- (4) Where this section applies, section 122 of TIOPA 2010 (tax treated as chargeable in respect of gains on transfer of non-UK business) shall also apply.
- (5) Subsections (8) and (9) of section 140E apply for the purposes of this section as they apply for the purposes of that section.
##### 140G
- (1) This section applies on a merger which satisfies the conditions specified in subsection (2), where—
- (a) an SE is formed by the merger of two or more companies in accordance with Articles 2(1) and 17(2)(a) or (b) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/european/regulation/2001/2157) on the Statute for a European Company (Societas Europaea),
- (b) an SCE is formed by the merger of two or more cooperative societies, at least one of which is a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969, in accordance with Articles 2(1) and 19 of Council Regulation [(EC) 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Cooperative Society (SCE),
- (c) the merger is effected by the transfer by one or more companies of all their assets and liabilities to a single existing company in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures, or
- (d) the merger is effected by the transfer by two or more companies of all their assets and liabilities to a single new company (other than an SE or an SCE) in exchange for the issue by the transferee, to each person holding shares in or debentures of a transferor, of shares or debentures.
- (2) The conditions mentioned in subsection (1) are that—
- (a) each of the merging companies is resident in a member State,
- (b) the merging companies are not all resident in the same State, and
- (c) the merger does not constitute or form part of a scheme of reconstruction within the meaning of section 136.
- (3) Where this section applies, the merger shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.
- (4) Where section 136 applies by virtue of subsection (3) above section 136(6) (and section 137) shall not apply.
- (5) Subsections (8) and (9) of section 140E apply for the purposes of this section as they apply for the purposes of that section.
##### 144ZB
- “*material disposal*” has the meaning given in section 197;
- “*ring fence trade*” has the meaning given in section 198.
##### 198F
- (1) This section applies for the purposes of sections 198A and 198B and section 198G.
- (2) A disposal and acquisition qualifies for roll-over relief if—
- (a) the consideration for the disposal is applied in an acquisition as mentioned in section 152(1), and
- (b) section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.
- (4) Section 152(8) is to be disregarded.
- (5) Section 198A is to be disregarded.
- (6) Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).
##### 198G
- (1) This section applies for the purposes of sections 198B and 198C.
- (2) A disposal and acquisition qualifies for section 153 relief if—
- (a) section 153(1) applies to part of the amount or value of the consideration for the disposal,
- (b) section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and
- (c) the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.
- (4) Section 153(2) has effect subject to section 198F(4) and (5).
- (5) Section 198B is to be disregarded.
- (6) Subject to subsections (4) and (5), all the circumstances are to be taken into account, including section 198(1).
##### 263CA
- (1) This section applies where, in the case of any stock lending arrangement—
- (a) the borrower (B) becomes insolvent after the lender (L) has transferred the securities,
- (b) as a result of the insolvency, the requirement for B to make a transfer back to L will not be complied with as regards some or all of the securities,
- (c) collateral is used (whether directly or indirectly) to enable L to acquire securities (“replacement securities”) of the same description as the securities which will not be transferred back, and
- (d) the replacement securities are acquired before the end of the period of 30 days beginning with the day on which B becomes insolvent (“the insolvency date”).
- (2) In accordance with section 263B(2), the transfer of the securities under the arrangement is not to be regarded as a disposal by L for the purposes of this Act (but this is subject to subsection (5)).
- (3) B is to be treated for the purposes of this Act as having acquired the securities which will not be transferred back to L; and that acquisition is to be treated—
- (a) as being made on the insolvency date, and
- (b) as being for a consideration equal to their market value on that date.
- (4) The acquisition of the replacement securities is to be treated, as regards L, as if it were a transfer back of securities in accordance with the arrangement (so that, in accordance with section 263B(2), that acquisition is not regarded as an acquisition by L for the purposes of this Act).
- (5) If the number of replacement securities is less than the number of securities which B is treated as having acquired, L is to be treated for the purposes of this Act as having made a disposal, at the insolvency date, of the difference (“the deemed disposal”).
- (6) The consideration for the deemed disposal is—
- (a) where all the collateral is used to enable L to acquire replacement securities, nil, and
- (b) where not all the collateral is so used, the difference between—
- (i) the market value (at the insolvency date) of the number of securities which could have been acquired using the collateral, and
- (ii) the market value (at that date) of the number of securities which were in fact so acquired.
- (7) But if L at any time receives any amount (whether arising out of B's insolvency or otherwise) in respect of B's liability to L in respect of the securities which are treated under subsection (5) as having been disposed of by L that amount is to be treated as a chargeable gain accruing at that time to L.
- (8) The liability mentioned in subsection (7) is not to be treated as giving rise to a relevant non-lending relationship for the purposes of Part 6 of CTA 2009 (relationships treated as loan relationships etc).
- (9) For the purposes of this section, B becomes insolvent—
- (a) if a company voluntary arrangement takes effect under Part 1 of the Insolvency Act 1986,
- (b) if an administration application (within the meaning of Schedule B1 to that Act) is made or a receiver or manager, or an administrative receiver, is appointed,
- (c) on the commencement of a creditor's voluntary winding up (within the meaning of Part 4 of that Act) or a winding up by the court under Chapter 6 of that Part,
- (d) if an individual voluntary arrangement takes effect under Part 8 of that Act,
- (e) on the presentation of a bankruptcy petition (within the meaning of Part 9 of that Act),
- (f) if a compromise or arrangement takes effect under Part 26 of the Companies Act 2006,
- (g) if a bank insolvency order takes effect under Part 2 of the Banking Act 2009,
- (h) if a bank administration order takes effect under Part 3 of that Act, or
- (i) on the occurrence of any corresponding event which has effect under or as a result of the law of Scotland or Northern Ireland or a country or territory outside the United Kingdom.
- (10) In this section—
- (a) “*collateral*” means an amount of money or other property which—
- (i) is provided under the arrangement (or under arrangements of which the arrangement forms part), and
- (ii) is payable to or made available for the benefit of L for the purpose of securing the discharge of the requirement to transfer any or all of the securities back to L, and
- (b) any expression used in this section and in section 263B has the same meaning as in that section.
#### Company that gives mixed consideration
##### 37A
- (1) This section applies if—
- (a) a disposal occurs that is within section 614BP of ITA 2007 (including that section as it has effect as a result of section 614CD of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 11A of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (2) This section also applies if—
- (a) a disposal occurs that is within section 915 of CTA 2010 (including that section as it has effect as a result of section 929 of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 21 of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (3) In determining for the purposes of this Act the amount of any gain accruing to the person making the disposal, the consideration for the disposal is treated as reduced by setting against it that excess (but not so as to reduce the amount of that consideration below nil).
- (4) Subsection (3) only affects section 37 so far as subsection (5) provides.
- (5) Section 37 does not exclude any money or money's worth from the consideration for a disposal so far as it is represented by any such cumulative accountancy rental excess that, in accordance with subsection (3)—
- (a) falls to be set against the consideration for the disposal, or
- (b) has fallen to be set against the consideration for a previous disposal made by the person making the disposal in question or a person connected with that person.
- (6) Subsections (7) to (9) apply if the disposal mentioned in subsection (1) or (2) is a part disposal of the asset in question.
- (7) The cumulative accountancy rental excess mentioned in subsection (3) must be apportioned between—
- (a) the property disposed of, and
- (b) the property that remains undisposed of.
- (8) That apportionment must be made in the same proportions as those in which the sums that under section 38(1)(a) or (b) are attributable to the asset fall to be apportioned under section 42.
- (9) Only so much of the cumulative accountancy rental excess as is so apportioned to the property disposed of is set against the consideration for the part disposal in accordance with subsection (3).
- (10) If subsection (3) applies in a case where two or more disposals within subsection (1) or (2) are made at the same time, the cumulative accountancy rental excess mentioned in subsection (3) must be apportioned, subject to subsections (7) to (9), between the disposals in such proportions as are just and reasonable.
- (11) Section 614DC of ITA 2007 (connected persons) applies for the purposes of this section in its application as a result of any leasing arrangements (within the meaning of that section) as it applies for the purposes mentioned in that section.
### Chapter 4 — Alternative finance arrangements
### Introduction
##### 151H
- (1) This Chapter makes provision about the treatment of alternative finance arrangements with financial institutions and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).
- (2) In this Chapter “*alternative finance arrangements*” means—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, and
- (e) investment bond arrangements.
- (3) In this Chapter—
- (a) “*purchase and resale arrangements*” means arrangements to which section 151J applies,
- (b) “*diminishing shared ownership arrangements*” means arrangements to which section 151K applies,
- (c) “*deposit arrangements*” means arrangements to which section 151L applies,
- (d) “*profit share agency arrangements*” means arrangements to which section 151M applies, and
- (e) “*investment bond arrangements*” means arrangements to which section 151N applies.
- (4) For the meaning of “alternative finance return”, see sections 151P to 151S.
- (5) For the meaning of “financial institution”, see section 151I.
- (6) Also, see—
- (a) section 366 of TIOPA 2010 (power to extend this Chapter and other provisions to other arrangements by order), and
- (b) Schedule 61 to FA 2009 (alternative finance investment bonds) which makes further provision about the treatment of investment bond arrangements for the purposes of this Act.
##### 151I
- (1) In this Chapter “*financial institution*” means—
- (a) a bank, as defined by section 1120 of CTA 2010,
- (b) a building society,
- (c) a wholly-owned subsidiary—
- (i) of a bank within paragraph (a), or
- (ii) of a building society,
- (d) a person authorised by a licence under Part 3 of the Consumer Credit Act 1974 to carry on a consumer credit business or consumer hire business within the meaning of that Act,
- (e) a bond-issuer, within the meaning of section 151N, but only in relation to any bond assets which are rights under purchase and resale arrangements, diminishing shared ownership arrangements or profit share agency arrangements,
- (f) a person authorised in a jurisdiction outside the United Kingdom—
- (i) to receive deposits or other repayable funds from the public, and
- (ii) to grant credits for its own account,
- (g) an insurance company as defined in section 65 of the Finance Act 2012, or
- (h) a person who is authorised in a jurisdiction outside the United Kingdom to carry on a business which consists of effecting or carrying out contracts of insurance or substantially similar business but not an insurance special purpose vehicle as defined in section 139(1) of the Finance Act 2012.
- (2) For the purposes of subsection (1)(c) a company is a wholly-owned subsidiary of a bank or building society (“the parent”) if it has no members except—
- (a) the parent or persons acting on behalf of the parent, and
- (b) the parent's wholly-owned subsidiaries or persons acting on behalf of the parent's wholly-owned subsidiaries.
### Arrangements that are alternative finance arrangements
##### 151J
- (1) This section applies to arrangements if—
- (a) they are entered into between two persons (“*the first purchaser*” and “*the second purchaser*”), one or both of whom are financial institutions, and
- (b) under the arrangements—
- (i) the first purchaser purchases an asset and sells it to the second purchaser,
- (ii) the sale occurs immediately after the purchase or in the circumstances mentioned in subsection (2),
- (iii) all or part of the second purchase price is not required to be paid until a date later than that of the sale,
- (iv) the second purchase price exceeds the first purchase price, and
- (v) the excess equates, in substance, to the return on an investment of money at interest.
- (2) The circumstances are that—
- (a) the first purchaser is a financial institution, and
- (b) the asset referred to in subsection (1)(b)(i) was purchased by the first purchaser for the purpose of entering into arrangements within this section.
- (3) In this section—
- “*the first purchase price*” means the amount paid by the first purchaser in respect of the purchase, and
- “*the second purchase price*” means the amount payable by the second purchaser in respect of the sale.
- (4) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from this section and sections 151K to 151N).
##### 151K
- (1) This section applies to arrangements if under them—
- (a) a financial institution (“the first owner”) acquires a beneficial interest in an asset,
- (b) another person (“the eventual owner”) also acquires a beneficial interest in it,
- (c) the eventual owner is to make payments to the first owner amounting in aggregate to the consideration paid for the acquisition of the first owner's beneficial interest (but subject to any adjustment required for such a reduction as is mentioned in subsection (5)),
- (d) the eventual owner is to acquire the first owner's beneficial interest (whether or not in stages) as a result of those payments,
- (e) the eventual owner is to make other payments to the first owner (whether under a lease forming part of the arrangements or otherwise),
- (f) the eventual owner has the exclusive right to occupy or otherwise to use the asset, and
- (g) the eventual owner is exclusively entitled to any income, profit or gain arising from or attributable to the asset (including, in particular, an increase in its value).
- (2) For the purposes of subsection (1)(a) it does not matter if—
- (a) the first owner acquires its beneficial interest from the eventual owner,
- (b) the eventual owner, or another person who is not the first owner, also has a beneficial interest in the asset, or
- (c) the first owner also has a legal interest in it.
- (3) Subsection (1)(f) does not prevent the eventual owner from granting an interest or right in relation to the asset if the conditions in subsection (4) are met.
- (4) The conditions are that—
- (a) the grant is not to—
- (i) the first owner,
- (ii) a person controlled by the first owner, or
- (iii) a person controlled by a person who also controls the first owner, and
- (b) the grant is not required by the first owner or arrangements to which the first owner is a party.
- (5) Subsection (1)(g) does not prevent the first owner from—
- (a) having responsibility for any reduction in the asset's value, or
- (b) having a share in a loss arising out of any such reduction.
- (6) Section 1124 of CTA 2010 (meaning of “control”) applies for the purposes of this section.
- (7) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from section 151J, this section and sections 151L to 151N).
##### 151L
- (1) This section applies to arrangements if under them—
- (a) a person (“the depositor”) deposits money with a financial institution,
- (b) the money, together with money deposited with the institution by other persons, is used by it with a view to producing a profit,
- (c) from time to time the institution makes or credits a payment to the depositor out of profit resulting from the use of the money,
- (d) the payment is in proportion to the amount deposited by the depositor, and
- (e) the payments so made or credited by the institution equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J, 151K, this section and sections 151M and 151N).
##### 151M
- (1) This section applies to arrangements if under them—
- (a) a person (“*the principal*”) appoints an agent,
- (b) one or both of the principal and agent is a financial institution,
- (c) the agent uses money provided by the principal with a view to producing a profit,
- (d) the principal is entitled, to a specified extent, to profits resulting from the use of the money,
- (e) the agent is entitled to any additional profits resulting from its use (and may also be entitled to a fee paid by the principal), and
- (f) payments made because of the principal's entitlement to profits equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151L, this section and section 151N).
##### 151N
- (1) This section applies to arrangements if—
- (a) they provide for one person (“the bond-holder”) to pay a sum of money (“the capital”) to another (“the bond-issuer”),
- (b) they identify assets, or a class of assets, which the bond-issuer will acquire for the purpose of generating income or gains directly or indirectly (“the bond assets”),
- (c) they specify a period at the end of which they cease to have effect (“the bond term”),
- (d) the bond-issuer undertakes under the arrangements—
- (i) to dispose at the end of the bond term of any bond assets which are still in the bond-issuer's possession,
- (ii) to make a repayment of the capital (“the redemption payment”) to the bond-holder during or at the end of the bond-term (whether or not in instalments), and
- (iii) to pay to the bond-holder other payments on one or more occasions during or at the end of the bond term (“additional payments”),
- (e) the amount of the additional payments does not exceed an amount which would be a reasonable commercial return on a loan of the capital,
- (f) under the arrangements the bond-issuer undertakes to arrange for the management of the bond assets with a view to generating income sufficient to pay the redemption payment and additional payments,
- (g) the bond-holder is able to transfer the rights under the arrangements to another person (who becomes the bond-holder because of the transfer),
- (h) the arrangements are a listed security on a recognised stock exchange, and
- (i) the arrangements are wholly or partly treated in accordance with international accounting standards as a financial liability of the bond-issuer, or would be if the bond-issuer applied those standards.
- (2) For the purposes of subsection (1)—
- (a) the bond-issuer may acquire bond assets before or after the arrangements take effect,
- (b) the bond assets may be property of any kind, including rights in relation to property owned by someone other than the bond-issuer,
- (c) the identification of the bond assets mentioned in subsection (1)(b) and the undertakings mentioned in subsection (1)(d) and (f) may (but need not) be described as, or accompanied by a document described as, a declaration of trust,
- (d) a reference to the management of assets includes a reference to disposal,
- (e) the bond-holder may (but need not) be entitled under the arrangements to terminate them, or participate in terminating them, before the end of the bond term,
- (f) the amount of the additional payments may be—
- (i) fixed at the beginning of the bond term,
- (ii) determined wholly or partly by reference to the value of or income generated by the bond assets, or
- (iii) determined in some other way,
- (g) if the amount of the additional payments is not fixed at the beginning of the bond term, the reference in subsection (1)(e) to the amount of the additional payments is a reference to the maximum amount of the additional payments,
- (h) the amount of the redemption payment may (but need not) be subject to reduction in the event of a fall in the value of the bond assets or in the rate of income generated by them, and
- (i) entitlement to the redemption payment may (but need not) be capable of being satisfied (whether or not at the option of the bond-issuer or the bond-holder) by the issue or transfer of shares or other securities.
- (3) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151M and this section).
##### 151O
- (1) Arrangements to which this section applies are not—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, or
- (e) investment bond arrangements.
- (2) This section applies to arrangements if—
- (a) apart from this section they would be alternative finance arrangements,
- (b) subsection (3) or (5) of section 147 of TIOPA 2010 (tax calculations to be based on arm's length, not actual, provision) requires the profits and losses of a person who is a party to the arrangements to be calculated for tax purposes as if the arm's length provision (within the meaning of that section) had been made or imposed rather than in accordance with the arrangements,
- (c) any person who is an affected person for the purposes of Part 4 of that Act (“the affected person”) is entitled to—
- (i) relevant return in relation to the arrangements, or
- (ii) an amount representing relevant return in relation to them, and
- (d) the affected person is not subject—
- (i) to income tax or corporation tax, or
- (ii) to any corresponding tax under the law of a territory outside the United Kingdom,
on the relevant return or the amount representing it.
- (3) In this section “*relevant return*”, in relation to arrangements, means any amount which would be alternative finance return if the arrangements were alternative finance arrangements.
### Meaning of “alternative finance return”
##### 151P
- (1) In the case of purchase and resale arrangements, so much of the second purchase price as is specified under the following provisions of this section is alternative finance return for the purposes of this Chapter.
- (2) If under the arrangements the whole of the second purchase price is paid on one day, the alternative finance return equals the amount by which the second purchase price exceeds the first purchase price.
- (3) If under the arrangements the second purchase price is paid by instalments, the alternative finance return in each instalment equals the appropriate amount.
- (4) The appropriate amount is an amount equal to the interest which would have been included in the instalment on the assumptions in subsection (5).
- (5) The assumptions are that—
- (a) interest is payable on a loan by the first purchaser to the second purchaser of an amount equal to the first purchase price,
- (b) the total interest payable on the loan is equal to the amount by which the second purchase price exceeds the first purchase price,
- (c) the instalment is a part repayment of the principal of the loan with interest, and
- (d) the loan is made on arm's length terms and accounted for under generally accepted accounting practice.
- (6) In this section expressions used in section 151J have the same meaning as in that section.
##### 151Q
- (1) If, in the case of purchase and resale arrangements, alternative finance return is paid in a currency other than sterling—
- (a) by or to a person other than a company, and
- (b) otherwise than for the purposes of a trade, profession or vocation or a property business,
subsections (2) and (3) apply as respects that person.
- (2) The amount of the excess referred to in section 151P(2) and (5)(b) and the appropriate amount for the purposes of section 151P(3) and (4) are to be calculated in that other currency.
- (3) The amount of each payment of alternative finance return is to be translated into sterling at a spot rate of exchange for the day on which the payment is made.
##### 151R
- (1) In the case of diminishing shared ownership arrangements, payments by the eventual owner under the arrangements are alternative finance return for the purposes of this Chapter, except so far as subsection (2) or (3) applies to them.
- (2) This subsection applies to the payments so far as they amount to payments of the kind described in section 151K(1)(c) (payments to be made by the eventual owner to the institution, amounting to the consideration paid for the acquisition of the institution's beneficial interest).
- (3) This subsection applies to the payments so far as they amount to payments in respect of any arrangement fee or legal or other expenses which the eventual owner is required under the arrangements to pay.
- (4) In this section “*the eventual owner*” has the same meaning as in section 151K.
##### 151S
- (1) In the case of deposit arrangements, amounts paid or credited as mentioned in section 151L(1)(c) by a financial institution under the arrangements (payments to depositor out of profits resulting from use of money) are alternative finance return for the purposes of this Chapter.
- (2) In the case of profit share agency arrangements, amounts paid or credited by a financial institution in accordance with such an entitlement as is mentioned in section 151M(1)(d) (principal's entitlement to profits under the arrangements) are alternative finance return for the purposes of this Chapter.
- (3) In the case of investment bond arrangements, the additional payments under the arrangements are alternative finance return for the purposes of this Chapter.
- (4) In this section “*additional payments*” has the same meaning as in section 151N (see subsection (1)(d)(iii) of that section).
### Special rules for investment bond arrangements
##### 151T
- (1) For the purposes of section 117, investment bond arrangements are a corporate bond, issued on the date on which the arrangements are entered into, if each of conditions A to D is met.
- (2) Condition A is that the capital is expressed in sterling.
- (3) Condition B is that the arrangements do not include provision for the redemption payment to be in a currency other than sterling.
- (4) Condition C is that entitlement to the redemption payment is not capable of conversion (directly or indirectly) into an entitlement to the issue of securities apart from other arrangements to which section 151N applies.
- (5) Condition D is that the additional payments are not determined wholly or partly by reference to the value of the bond assets.
- (6) Section 117(2) applies for the purposes of this section as it applies for the purposes of section 117(1).
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151U
- (1) This section applies for the purposes of this Act and any other enactment about capital gains tax and irrespective of the position for other purposes.
- (2) The bond-holder under investment bond arrangements is not treated as having a legal or beneficial interest in the bond assets.
- (3) The bond-issuer under such arrangements is not treated as a trustee of the bond assets.
- (4) Gains accruing to the bond-issuer in connection with the bond assets are gains of the bond-issuer and not of the bond-holder (and do not arise to the bond-issuer in a fiduciary or representative capacity).
- (5) Payments made by the bond-issuer by way of redemption payment or additional payment are not made in a fiduciary or representative capacity.
- (6) The bond-holder is not entitled to relief for capital expenditure in connection with the bond assets.
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151V
- (1) Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
- (2) For those purposes—
- (a) a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
- (b) a reference in an enactment to interest is to be taken as a reference to alternative finance return.
- (3) In subsection (2) “*the redemption payment*” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).
##### 151W
Investment bond arrangements are not—
- (a) a unit trust scheme for the purposes of this Act, or
- (b) an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to capital gains tax.
### Other rules
##### 151X
- (1) If under purchase and resale arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151J).
- (2) If under diminishing shared ownership arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151K).
- (3) If under investment bond arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151N).
- (4) Subsections (1) to (3) do not affect the operation of any provision of this Act or the Tax Acts that provides that the consideration for a sale or purchase is taken for any purpose to be an amount other than the actual consideration.
##### 151Y
Diminishing shared ownership arrangements are not treated as a partnership for capital gains tax purposes.
### Registered societies and co-operatives
##### 217D
- (1) Subsection (2) applies if—
- (a) there is a union or amalgamation of two or more relevant bodies or a transfer of engagements from one relevant body to another, and
- (b) in the course of, or as part of, that union, amalgamation or transfer there is a disposal of an asset by one relevant body to another.
- (2) Both bodies are treated for the purposes of corporation tax on chargeable gains as if the asset were acquired from the body making the disposal for a consideration which is of the amount needed to secure that on the disposal neither a gain nor a loss accrues to the body making the disposal.
- (3) In this section “*relevant body*” means—
- (a) a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969,
- (aa) a society registered as a credit union under the Credit Unions (Northern Ireland) Order 1985 (S.I. 1985/1205 (N.I. 12)),
- (b) an SCE formed in accordance with Council Regulation [(EC) No 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Co-Operative Society, or
- (c) a UK agricultural or fishing co-operative, as defined in section 1058 of CTA 2010.
### Joint interests in land
##### 248A
- (1) Section 248B applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold—
- (a) a holding of land, or
- (b) two or more separate holdings of land.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in—
- (a) the holding, or
- (b) one or more of the holdings,
to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in a holding of land held jointly by the landowner and one or more of the co-owners.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals) the landowner and each of the co-owners become—
- (a) in a case falling within subsection (2)(a), the sole owner of part of the holding, or
- (b) in a case falling within subsection (2)(b), the sole owner of one or more of the holdings.
- (6) Condition E is that the acquired interest is not an interest in excluded land (see section 248C).
- (7) For the purposes of this section—
- (a) references to a holding of land include references to an estate or interest in a holding of land, and are to be read in accordance with section 243(3);
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) “co-owner” means any person who holds a holding of land jointly with the landowner;
- (d) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in the holding, or in one or more of the holdings, which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (e) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 248B
- (1) If the amount or value of the consideration for the disposal of the relinquished interest is equal to or less than the amount or value of the consideration for the acquired interest, the landowner, on making a claim, is to be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues to the landowner, and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the excess of the amount or value of the consideration for the disposal of the relinquished interest over the amount of the consideration which the landowner is treated as receiving under paragraph (a).
- (2) Where the amount or value of the consideration for the disposal of the relinquished interest exceeds the amount or value of the consideration for the acquired interest, then if the excess (“the unexpended consideration”) is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal of the relinquished interest, the landowner on making a claim is to be treated for the purposes of this Act—
- (a) as if the amount of the gain so accruing were reduced to the amount of the unexpended consideration (and, if not all chargeable gain, with a proportionate reduction in the amount of the chargeable gain), and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the amount by which the gain is reduced (or, as the case may be, the amount by which the chargeable gain is proportionately reduced) under paragraph (a).
- (3) Subsections (1) and (2) are subject to section 248C(3).
- (4) Nothing in subsection (1) or (2) affects the treatment for the purposes of this Act of a co-owner (within the meaning given by section 248A(7)).
- (5) Where subsection (1)(a) applies to exclude a gain which, in consequence of Schedule 2 (assets held on 6th April 1965) is not all chargeable gain, the amount of the reduction to be made under subsection (1)(b) shall be the amount of the chargeable gain, and not the whole amount of the gain.
##### 248C
- (1) Land is excluded land to the extent that—
- (a) it is a dwelling-house or part of a dwelling-house (or an interest in or right over a dwelling-house), and
- (b) by virtue of, or of any claim under, any provision of sections 222 to 226 (private residences) the whole or any part of a gain accruing on a disposal of it by the landowner at a material time would not be a chargeable gain.
- (2) In subsection (1)(b), “a material time” means any time during the period of 6 years beginning on the date of the acquisition of the acquired interest.
- (3) If land was not excluded land at the date of the acquisition of the acquired interest but becomes excluded land within 6 years of the acquisition, the amount of any chargeable gain accruing on the disposal of the relinquished interest shall be re-determined without regard to any relief previously given under section 248B by reference to the amount or value of the consideration for the acquisition of the interest in that land.
- (4) Any adjustments of capital gains tax in accordance with subsection (3), whether by way of assessment or otherwise, may be made at any time, despite anything in section 34 of the Management Act (time limit for assessments).
- (5) Expressions used in this section have the same meaning as in section 248A.
##### 248D
- (1) This section applies where—
- (a) section 144ZA would apply but for this section in relation to an option, and
- (b) the exercise of the option is non-commercial (see section 144ZC).
- (2) But this section does not apply if—
- (a) the option is a securities option within the meaning of Chapter 5 of Part 7 of ITEPA 2003 (see section 420(8) of that Act) to which that Chapter applies ... (see section 471 of that Act), or
- (b) section 144ZD of this Act (value of underlying subject matter of option altered with a view to obtaining a tax advantage) applies in relation to the option.
- (3) Where this section applies, neither section 144ZA nor the following provisions of section 144 shall apply in relation to the option—
- (a) in subsection (2), the words from “and accordingly” to the end of that subsection, and
- (b) in subsection (3), the words from “and accordingly” to the end of that subsection;
but subsection (4) or (5) below shall instead have effect (subject to subsection (6) below).
- (4) If the option binds the grantor to buy—
- (a) the cost of acquisition incurred by the grantor in buying in pursuance of his obligations under the option, and
- (b) the consideration for the disposal of what is bought by the grantor,
shall be deemed for the purposes of tax in respect of chargeable gains to be the market value, at the time the option is exercised, of what is bought.
- (5) If the option binds the grantor to sell—
- (a) the consideration for the sale, and
- (b) the cost to the person exercising the option of acquiring what is sold,
shall be deemed for the purposes of tax in respect of chargeable gains to be the market value, at the time the option is exercised, of what is sold.
- (6) But if the whole or any part of the underlying subject matter of the option (see subsection (7)) is subject to any right or restriction which is enforceable by the person disposing of the underlying subject matter or a person connected with him—
- (a) the market value of the underlying subject matter shall be determined for the purposes of subsection (4) or (5) above as if the right or restriction did not exist, and
- (b) to the extent that subsection (6) or (7) of section 18 would apply apart from this paragraph, it shall be disregarded.
- (7) In this section “*underlying subject matter*”, in relation to an option, means—
- (a) if the option binds the grantor to sell, what falls to be sold on exercise of the option;
- (b) if the option binds the grantor to buy, what falls to be bought on exercise of the option.
##### 144ZC
- (1) For the purposes of section 144ZB, the exercise of an option which binds the grantor to buy is non-commercial if the exercise price for the option (see subsection (3)) is less than the open market price (see subsection (4)) of what is bought.
- (2) For the purposes of section 144ZB, the exercise of an option which binds the grantor to sell is non-commercial if the exercise price for the option is greater than the open market price of what is sold.
- (3) In this section “*exercise price*”, in relation to an option, means the amount or value of the consideration which, under the terms of the option, is—
- (a) receivable (if the option binds the grantor to buy), or
- (b) payable (if the option binds the grantor to sell),
as a result of the exercise of the option (and does not include the amount or value of any consideration for the acquisition of the option (whether directly from the grantor or not)).
- (4) In this section “*open market price*”, in relation to the underlying subject matter of an option (see section 144ZB(7)), means the price which the underlying subject matter might reasonably be expected to fetch on a sale in the open market at the time the option is exercised; and subsections (5) to (7) below apply for the purposes of this subsection.
- (5) If the whole or any part of the underlying subject matter of the option is subject to any right or restriction which is enforceable by—
- (a) the person disposing of the underlying subject matter, or
- (b) a person connected with him,
the open market price of the underlying subject matter shall be determined as if the right or restriction did not exist.
- (6) Section 272(2) (no reduction in estimated market value on account of assumption that whole of assets are placed on market at one time) shall apply in estimating the open market price of the underlying subject matter of an option as it applies in estimating the market value of any assets.
- (7) Where the underlying subject matter of an option comprises or includes assets to which section 273 applies (unquoted shares and securities), subsection (3) of that section (assumption that relevant information is available) shall apply in determining the open market price of those assets as it applies for the purposes of a determination falling within subsection (1) of that section.
- (8) This section is to be construed as one with section 144ZB.
##### 144ZD
- (1) This section applies in relation to an option if each of the following conditions is satisfied (as to the effect of this section applying, see section 144ZB(2)(b)).
- (2) Condition 1 is that section 144ZB would, apart from subsection (2)(b) of that section, apply in relation to the option.
- (3) Condition 2 is that, at the time the option is exercised, the open market price (see section 144ZC(4)) of the underlying subject matter of the option (see section 144ZB(7)) differs from the open market price of the underlying subject matter of the option at the time the option was granted.
- (4) Condition 3 is that some or all of that change in the open market price of the underlying subject matter of the option results to any extent, directly or indirectly, from arrangements (see subsection (8)) (“the relevant arrangements”)—
- (a) to which a relevant person is or has been a party, or
- (b) which include one or more transactions to which a relevant person is or has been a party.
- (5) In subsection (4) above “*relevant person*” means any of the following—
- (a) the grantor of the option;
- (b) any person who at any time holds the option;
- (c) a person connected with one or more of the persons mentioned in paragraph (a) or (b) above.
- (6) Condition 4 is that, if there were to be disregarded so much of that change in the open market price of the underlying subject matter of the option as results to any extent, directly or indirectly, from the relevant arrangements, the exercise of the option would not be non-commercial (see section 144ZC).
- (7) Condition 5 is that (apart from this section) as a result, directly or indirectly, of the relevant arrangements—
- (a) the grantor of the option, or
- (b) the person exercising the option,
would obtain or might be expected to obtain an advantage (see subsection (9)) in relation to capital gains tax or corporation tax in respect of chargeable gains directly or indirectly in consequence of, or otherwise in connection with, the exercise of the option.
- (8) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (9) In this section “*advantage*”, in relation to capital gains tax or corporation tax in respect of chargeable gains, means—
- (a) relief or increased relief from, or repayment or increased repayment of, that tax, or the avoidance or reduction of a charge to that tax or an assessment to that tax or the avoidance of a possible assessment to that tax, or
- (b) the deferral of any payment of that tax or the advancement of any repayment of that tax.
- (10) This section is to be construed as one with sections 144ZB and 144ZC.
##### 151D
- (a) section 248B applies to a holding (or holdings) of land, and
- (b) milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.
- (2) Section 248B(1), (2) and (4) apply—
- (a) to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
- (b) to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.
##### 248E
- (1) This section applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold an interest in two or more dwelling–houses.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in one or more of the dwelling-houses to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in one of the other dwelling–houses.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals)—
- (a) the dwelling-house in which the landowner acquires an interest becomes the only or main residence of the landowner, and
- (b) each of the other dwelling-houses becomes the only or main residence of one (and only one) of the co-owners.
- (6) Condition E is that if each dwelling-house were disposed of immediately after the disposal (or disposals) mentioned in subsection (5) then by virtue of sections 222 and 223 (private residences) no part of the gain accruing on each of those disposals would be a chargeable gain.
- (7) The landowner, on making a claim jointly with the co-owner or co-owners, shall be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues, and
- (b) as if the acquired interest were acquired by the landowner—
- (i) at the time it was acquired jointly by the landowner and the co-owner or co-owners, and
- (ii) for a consideration equal to the amount of the sums that would have been allowable under section 38(1)(a) and (b) (acquisition and disposal costs etc) as a deduction in the computation of any gain on a disposal of the acquired interest by the co-owner or co-owners.
- (8) For the purposes of this section—
- (a) “co-owner” means any person who holds an interest in a dwelling-house jointly with the landowner;
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in a dwelling-house which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (d) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 256C
- (1) This section applies if a charitable company has a non-exempt amount under section 493 of CTA 2010 for an accounting period.
- (2) Attributable gains of the charitable company for the period may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 494 of CTA 2010.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 494 of CTA 2010, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 494 of CTA 2010.
- (5) In this section and section 256D a charitable company's “attributable income” and “attributable gains” for an accounting period have the same meaning as in Part 11 of CTA 2010 (see section 493 of that Act).
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256D
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256C.
- (2) The charitable company may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires a charitable company to make a specification under this section, and
- (b) the charitable company has not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 268B
- (1) A gain is not a chargeable gain if—
- (a) it accrues to a person on receipt of a capital sum paid by way of compensation for the deprivation of a foreign asset,
- (b) no legal redress was available when the deprivation occurred, and
- (c) the sum is paid as the result of a relevant compensation award.
- (2) A relevant compensation award is an award or distribution made—
- (a) under—
- (i) an Order in Council made under the Foreign Compensation Act 1950, or
- (ii) arrangements established by the government of a territory outside the United Kingdom that are equivalent in effect to such an Order,
- (b) as a result of a recommendation of—
- (i) the Spoliation Advisory Panel, or
- (ii) a body outside the United Kingdom whose purposes and functions are equivalent to those of the Panel, or
- (c) in settlement of a legal claim to the effect that the deprivation was unlawful or in accordance with an order to that effect made by a court, tribunal or other competent authority with jurisdiction to decide such a claim.
- (3) Reference in this section to the payment of a capital sum by way of compensation for the deprivation of a foreign asset includes—
- (a) payment as a result of the abandonment or extinguishment of rights in respect of the deprivation;
- (b) return of the asset itself.
- (4) In the case of a gain accruing to a person other than the original owner—
- (a) subsection (1) does not apply if consideration had been given at any time (whether by that person or someone else) for the right to receive the compensation, but
- (b) consideration given on an acquisition falling within section 58(1) or 171(1) is to be ignored for these purposes.
- (5) If the capital sum is paid (or the foreign asset returned) to a person to whom an allowable loss has accrued as a result of—
- (a) the deprivation of the foreign asset, or
- (b) the abandonment or extinguishment of rights in respect of the deprivation,
subsection (1) applies only to so much of any gain as exceeds that loss.
- (6) For a person to obtain relief under this section, the person must make a claim.
- (7) If the capital sum is paid by means of the transfer of an asset (or the foreign asset is returned), that asset is to be treated for the purposes of computing a gain or a loss on its subsequent disposal as if it were acquired for a consideration equal to its market value at the time of the transfer.
- (8) In this section—
- “capital sum” means money or money’s worth;
- “deprivation”, in relation to a foreign asset, includes deprivation resulting from—the seizure, confiscation, forfeiture, destruction or expropriation of the asset,the disposal of the asset by a sale under duress for less than market value;
- “foreign asset” means an asset which was situated outside the United Kingdom at the time of the deprivation;
- “legal redress”, in relation to the deprivation of a foreign asset, means a right to recover the asset or to receive compensation for the deprivation;
- “original owner” means the person who owned the foreign asset at the time of the deprivation;
- “Spoliation Advisory Panel” includes any successor to that Panel.
- (9) This section does not apply in relation to a gain to which section 268A applies.
## Part 7A — UK representatives of non-UK residents
### Chapter 1 — Treatment of branch or agency as UK representative of non-UK resident
### Introduction
##### 271A
- (1) This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.
- (2) For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.
### Branches and agencies
##### 271B
- (1) This section applies if—
- (a) as a result of any scheme or arrangement which has an unallowable purpose, the circumstances are, or might have been, as mentioned in paragraph (a), (b) or (c) of section 452G(2) of ITTOIA 2005,
- (b) under the scheme or arrangement, a payment falls to be made otherwise than in respect of the acquisition or disposal of a corporate strip, and
- (c) as a result of that payment or the circumstances in which it is made, a loss accrues to any person.
- (2) The loss shall not be an allowable loss.
- (3) For the purposes of this section a scheme or arrangement has an unallowable purpose if the main benefit, or one of the main benefits, that might have been expected to result from, or from any provision of, the scheme or arrangement (apart from section 452G of ITTOIA 2005 and this section) is—
- (a) the obtaining of a tax advantage by any person, or
- (b) the accrual to any person of an allowable loss.
- (4) The reference in subsection (1)(b) above to the acquisition or disposal of a corporate strip shall be construed as if it were in Chapter 8 of Part 4 of ITTOIA 2005 (profits from deeply discounted securities) (see, in particular, sections 437 and 452F of that Act for the meaning of “*disposal*” and section 452E of that Act for the meaning of “*corporate strip*”).
- (5) In subsection (3)(a) above “*tax advantage*” has the meaning given by section 1139 of CTA 2010.
- (6) This section applies to losses accruing on or after 6th April 2005.
#### Relief on re-investment for individuals.
##### 275A
- (1) This section applies for the purpose of determining whether the situation of an intangible asset (“asset A”) is in the United Kingdom if the situation of asset A is not otherwise determined (see section 275B(1)).
- (2) In this section “*intangible asset*” means—
- (a) intangible or incorporeal property and includes a thing in action, or
- (b) anything that under the law of a country or territory outside the United Kingdom corresponds or is similar to intangible or incorporeal property or a thing in action.
- (3) If asset A is subject to UK law (see section 275B(2)) at the time it is created, it shall be taken for the purposes of this Act to be situated in the United Kingdom at all times.
- (4) Subsections (5) to (9) below have effect if asset A—
- (a) is a future or option (see section 275B(3)), and
- (b) is not subject to UK law at the time it is created.
- (5) If, as a result of the application of the rule in subsection (6) below in relation to asset A or any other asset or assets, asset A falls to be treated as being subject to UK law at the time it is created, it shall be taken for the purposes of this Act to be situated in the United Kingdom at all times.
- (6) That rule is that where, in the case of any intangible asset,—
- (a) the asset is a future or option,
- (b) the underlying subject matter (see section 275B(4)) of the asset consists of or includes an asset which is an intangible asset, and
- (c) either—
- (i) that intangible asset is subject to UK law at the time it is created and, on the assumption that there were no rights or interests in or over that asset, the situation of that asset would not be otherwise determined, or
- (ii) that intangible asset is treated by this subsection as being so subject at that time,
the intangible asset mentioned in paragraph (a) above is to be treated for the purposes of subsection (5) above and this subsection as being so subject at the time it is created.
- (7) If—
- (a) asset A is not taken to be situated in the United Kingdom by virtue of subsection (5) above, and
- (b) as a result of the application of the rule in subsection (8) below in relation to asset A or any other asset or assets, asset A falls to be treated as being situated in the United Kingdom at any time,
it shall be taken for the purposes of this Act to be situated in the United Kingdom at that time.
- (8) That rule is that where, in the case of any intangible asset,—
- (a) the asset is a future or option, and
- (b) the underlying subject matter of the asset consists of or includes an asset—
- (i) which is, by virtue of subsection (9) below or of any provision of this Act apart from this section, situated in the United Kingdom at any time, or
- (ii) which is treated by this subsection as being so situated at any time,
the intangible asset mentioned in paragraph (a) above is to be treated for the purposes of subsection (7) above and this subsection as being so situated at that time.
- (9) Where—
- (a) the underlying subject matter of a future or option consists of or includes shares or debentures issued by a company incorporated in any part of the United Kingdom, but
- (b) at the time the future or option is created, those shares or debentures have not been issued,
the underlying subject matter of the future or option, so far as consisting of or including those shares or debentures, is to be taken, for the purposes of subsection (8) above, to consist of or include an asset which is situated in the United Kingdom at all times.
##### 275B
- (1) For the purposes of section 275A, the situation of an asset is not otherwise determined if, apart from that section, this Act does not make any provision for determining—
- (a) the situation of the asset, or
- (b) whether the situation of the asset is in the United Kingdom.
- (2) For the purposes of section 275A, an intangible asset is subject to UK law at a particular time if any right or interest which comprises or forms part of the asset is, at that time,—
- (a) governed by, or otherwise subject to, or
- (b) enforceable under,
the law of any part of the United Kingdom.
- (3) In section 275A—
- “*future*” has the meaning given by section 581 of CTA 2009, and
- “*option*” has the meaning given by section 580 of that Act.
- (4) For the purposes of section 275A—
- (a) the underlying subject matter of a future is the property which, if the future were to run to delivery, would fall to be delivered at the date and price agreed when the contract is made, and
- (b) the underlying subject matter of an option is the property which would fall to be delivered if the option were exercised.
- (5) Section 275A is subject to section 275C (location of assets: interests of co-owners).
- (6) This section is to be construed as one with section 275A.
##### 275C
- (1) This section applies for determining for the purposes of this Act—
- (a) the situation of an interest (see subsection (4)) in an asset, or
- (b) whether the situation of an interest in an asset is in the United Kingdom.
- (2) The situation of the interest in the asset shall be taken to be the same as the situation of the asset, as determined in accordance with subsection (3) below.
- (3) The situation of the asset for the purposes of subsection (2) above shall be determined on the assumption that the asset is wholly-owned by the person holding the interest in the asset.
- (4) In this section “*interest*”, in relation to an asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).
#### Transfer or division of UK business
#### Personal equity plans.
#### Tax exempt distributions.
#### Company that receives mixed consideration: N exceeds C
##### 68A
- (1) In this Act, unless the context otherwise requires—
- (a) “*settlor*” in relation to a settlement means the person, or any of the persons, who has made, or is treated for the purposes of this Act as having made, the settlement, and
- (b) a person is a settlor of property which—
- (i) is settled property by reason of his having made the settlement (or by reason of an event which causes him to be treated under this Act as having made the settlement), or
- (ii) derives from property to which sub-paragraph (i) applies.
- (2) A person is treated for the purposes of this Act as having made a settlement if—
- (a) he has made or entered into the settlement, directly or indirectly, or
- (b) the settled property, or property from which the settled property is derived, is or includes property of which he was competent to dispose immediately before his death, and the settlement arose on his death, whether by will, on his intestacy, or otherwise.
- (3) A person is, in particular, treated for the purposes of this Act as having made a settlement if—
- (a) he has provided property directly or indirectly for the purposes of the settlement, or
- (b) he has undertaken to provide property directly or indirectly for the purposes of the settlement.
- (4) Where one person (A) makes or enters into a settlement in accordance with reciprocal arrangements with another person (B), for the purposes of this Act—
- (a) B shall be treated as having made the settlement, and
- (b) A shall not be treated as having made the settlement by reason only of the reciprocal arrangements.
- (5) In subsection (2)(b) “*property of which he was competent to dispose immediately before his death*” shall be construed in accordance with section 62(10) (reading each reference to “assets” as a reference to “property”).
- (6) A person who has been a settlor in relation to a settlement shall be treated for the purposes of this Act as having ceased to be a settlor in relation to the settlement if—
- (a) no property of which he is a settlor is comprised in the settlement,
- (b) he has not undertaken to provide property directly or indirectly for the purposes of the settlement in the future, and
- (c) he has not made reciprocal arrangements with another person for that other person to enter into the settlement in the future.
- (7) For the purpose of this section and sections 68B and 68C property is derived from other property—
- (a) if it derives (directly or indirectly and wholly or partly) from that property or any part of it, and
- (b) in particular, if it derives (directly or indirectly and wholly or partly) from income from that property or any part of it.
- (8) In this section “*arrangements*” includes any scheme, agreement or understanding, whether or not legally enforceable.
##### 68B
- (1) This section applies in relation to a transfer of property from the trustees of one settlement (“Settlement 1”) to the trustees of another (“Settlement 2”) otherwise than—
- (a) for full consideration, or
- (b) by way of a bargain made at arm's length.
- (2) In this section “*transfer of property*” means—
- (a) a disposal of property by the trustees of Settlement 1, and
- (b) the acquisition by the trustees of Settlement 2 of—
- (i) property disposed of by the trustees of Settlement 1, or
- (ii) property created by the disposal;
and a reference to transferred property is a reference to property acquired by the trustees of Settlement 2 on the disposal.
- (3) For the purposes of this Act, except where the context otherwise requires—
- (a) the settlor (or each settlor) of the property disposed of by the trustees of Settlement 1 shall be treated from the time of the disposal as having made Settlement 2, and
- (b) if there is more than one settlor of the property disposed of by the trustees of Settlement 1, each settlor shall be treated in relation to Settlement 2 as the settlor of a proportionate part of the transferred property.
- (4) For the purposes of this Act, except where the context otherwise requires, if and to the extent that the property disposed of by the trustees of Settlement 1 was provided for the purposes of Settlement 1, or is derived from property provided for the purposes of Settlement 1, the transferred property shall be treated from the time of the disposal as having been provided for the purposes of Settlement 2.
- (5) If transferred property is treated by virtue of subsection (4) as having been provided for the purposes of Settlement 2 —
- (a) the person who provided the property disposed of by the trustees of Settlement 1, or property from which it was derived, for the purposes of Settlement 1 shall be treated as having provided the transferred property, and
- (b) if more than one person provided the property disposed of by the trustees of Settlement 1, or property from which it was derived, for the purposes of Settlement 1, each of them shall be treated as having provided a proportionate part of the transferred property.
- (6) But subsections (3) and (4) do not apply in relation to a transfer of property—
- (a) which occurs by reason only of the assignment or assignation by a beneficiary under Settlement 1 of an interest in that settlement to the trustees of Settlement 2,
- (b) which occurs by reason only of the exercise of a general power of appointment, or
- (c) to which section 68C(6) applies.
- (7) In determining whether this section applies in relation to a transfer of property between settlements, section 18(2) shall be disregarded.
#### Transfer or division of UK business
#### Seed enterprise investment scheme: reduction of relief
#### Tax recoverable from another group company or controlling director.
#### Company that receives mixed consideration: N does not exceed C
#### Interpretation of sections 194 to 195F .
##### 25A
- (1) This section applies where plant or machinery is used for the purpose of leasing under a long funding lease.
- (2) The lessor shall be deemed for all purposes of this Act—
- (a) to have disposed of the plant or machinery at the commencement of the term of the lease at the relevant disposal value, and
- (b) to have immediately reacquired it at the same value.
- (3) The lessor shall also be deemed for all purposes of this Act—
- (a) to have disposed of the plant or machinery on the termination of the lease for a consideration equal to the termination amount, and
- (b) to have immediately reacquired it for the same consideration.
- (4) “*Relevant disposal value*” means—
- (a) in relation to a long funding finance lease, the disposal value described in item 5A of the table in section 61(2) of the Capital Allowances Act (disposal values), and
- (b) in relation to a long funding operating lease, the disposal value described in item 5B of that table.
- (5) For the purposes of this section, the following expressions have the meaning given in Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases)—
- “*commencement*”, in relation to the term of a lease,
- “lessor”,
- “long funding lease”,
- “long funding finance lease”,
- “long funding operating lease”,
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*the term*”, in relation to a lease,
- “termination”,
- “termination amount”.
##### 41A
- (1) This section applies where a person disposes of an asset—
- (a) which includes plant or machinery which is a fixture for the purposes of Chapter 6A of Part 2 of the Capital Allowances Act, and
- (b) which he has used for the purpose of leasing under one or more long funding leases.
- (2) In the computation of the amount of a loss accruing to the person on the disposal there shall be excluded from the sums allowable as a deduction by virtue of section 38(1)(a) and (b) (acquisition and enhancement costs) an amount determined in accordance with subsection (3) or (4).
- (3) Where the person has used the plant or machinery for the purpose of leasing under one long funding lease, the amount is equal to the fall in value of the plant or machinery during the period of the lease.
- (4) Where the person has used the plant or machinery for the purpose of leasing under more than one long funding lease, the amount is equal to the sum of the fall in value of the plant or machinery during the period of each lease.
- (5) In this section, references to the fall in value of plant or machinery during the period of a lease are references to the amount (if any) by which—
- (a) the market value of the plant or machinery at the commencement of the term of the lease,
exceeds
- (b) its market value at the termination of the lease.
- (6) For the purposes of this section, the following expressions have the meaning given in Chapter 6A of Part 2 of the Capital Allowances Act (interpretation of provisions about long funding leases)—
- “*commencement*”, in relation to the term of a lease,
- “long funding lease”,
- “market value”,
- “*the term*”, in relation to a lease,
- “termination”.
##### 63A
- (1) The provisions of this Act, so far as relating to the consequences of the death of a person to whom property in Northern Ireland stands limited for life (“*the deceased*”), shall have effect subject to the provisions of this section.
- (2) A person who acquires property in fee simple absolute or fee tail in possession as a consequence of the deceased's death shall be deemed to have acquired all the assets forming part of the property at the date of the deceased's death for a consideration equal to their market value at that date.
##### 68C
- (a) a non-UK resident carries on (alone or in partnership) any trade, profession or vocation through a branch or agency in the United Kingdom, and
- (b) the branch or agency is to be treated under Chapter 2B of Part 14 of ITA 2007 as the UK representative of the non-UK resident in relation to amounts within section 835E(2) of that Act.
- (2) The branch or agency is the UK representative of the non-UK resident in relation to amounts which, by reference to the branch or agency, are chargeable to capital gains tax under section 10 above.
- (3) The following rules are to be applied for the purposes of subsection (2) and Chapter 2 in relation to an amount within that subsection.
- *Rule 1* The UK representative continues to be the UK representative of the non-UK resident in relation to the amount even after ceasing to be a branch or agency through which the non-UK resident carries on the trade, profession or vocation concerned.
- *Rule 2* The UK representative is treated in relation to the amount as a distinct and separate person from the non-UK resident (if the representative would not otherwise be so treated).
- *Rule 3* If the branch or agency is carried on by persons in partnership, the partnership, as such, is treated in relation to the amount as the UK representative of the non-UK resident.
- (4) For further rules that apply where a trade or profession carried on by a non-UK resident in the United Kingdom is carried on in partnership, see section 271C.
##### 271C
- (1) Subsection (2) applies if a trade or profession carried on by a non-UK resident through a branch or agency in the United Kingdom is carried on by the non-UK resident in partnership.
- (2) The trade or profession carried on through the branch or agency is, for the purposes of section 271B and Chapter 2, to be treated as including the notional trade or profession.
- (3) Subsection (4) applies (in addition to subsection (2) if that subsection also applies) if—
- (a) a trade or profession carried on by a non-UK resident in the United Kingdom is carried on by the non-UK resident in partnership, and
- (b) any member of the partnership is resident in the United Kingdom.
- (4) The notional trade or profession is, for the purposes of section 271B and Chapter 2, to be treated as being a trade carried on in the United Kingdom through the partnership as such.
- (5) In this section “*the notional trade or profession*” means the notional trade from which the non-UK resident's share in the partnership's profits or losses is treated for the purposes of section 852 of ITTOIA 2005 as deriving.
##### 271D
In this Chapter—
- “*branch or agency*” means any factorship, agency, receivership, branch or management, and
- “*non-UK resident*” means a person who is not resident in the United Kingdom.
### Chapter 2 — Capital gains tax obligations and liabilities imposed on UK representatives
##### 271E
- (1) This Chapter applies to the enactments contained in—
- (a) this Act,
- (b) the Tax Acts, and
- (c) subordinate legislation made under this Act or the Tax Acts,
so far as they make provision for or in connection with the assessment, collection and recovery of tax, or of interest on tax.
- (2) Those enactments have effect in accordance with section 271F in relation to amounts in respect of which a branch or agency is to be treated as the UK representative of a non-UK resident under Chapter 1.
- (3) In this section “*subordinate legislation*” has the same meaning as in the Interpretation Act 1978.
##### 271F
- (1) The obligations and liabilities of a non-UK resident are to be treated, for the purposes of the enactments to which this Chapter applies, as if they were also the obligations and liabilities of the UK representative of the non-UK resident.
- (2) Subsection (3) applies if—
- (a) the UK representative of a non-UK resident discharges an obligation or liability imposed by this section that corresponds to one to which the non-UK resident is subject, or
- (b) a non-UK resident discharges an obligation or liability that corresponds to one to which the non-UK resident's UK representative is subject by virtue of this section.
- (3) The corresponding obligation or liability—
- (a) of the non-UK resident (in a case within subsection (2)(a)), or
- (b) of the UK representative (in a case within subsection (2)(b)),
is discharged.
- (4) A non-UK resident is bound, as if they were the non-UK resident's own, by acts or omissions of the non-UK resident's UK representative in the discharge of the obligations and liabilities imposed on the representative by this section.
- (5) This section is subject to sections 271G and 271H.
##### 271G
- (1) An obligation or liability attaching to a non-UK resident (“X”) by reason of a notice or other document having been given or served on X does not also attach to the UK representative of X by virtue of section 271F unless the notice or other document (or a copy of it) has been given to or served on the representative.
- (2) An obligation or liability attaching to X by reason of a request or demand having been received by X does not also attach to the UK representative of X by virtue of section 271F unless the representative has been notified of the request or demand.
- (3) Subsection (4) applies to obligations relating to the provision of information that are imposed on the UK representative of X by section 271F in a case where the representative is X's independent agent.
- (4) The obligations do not require the UK representative to do anything except so far as it is practicable for the representative to do so.
- (5) For this purpose, the representative must act to the best of the representative's knowledge and belief after taking all reasonable steps to obtain the necessary information.
- (6) An obligation of X to provide information is not discharged by virtue of section 271F in a case where the UK representative of X has discharged the obligation only so far as required by subsection (4) of this section.
- (7) X is not bound by virtue of section 271F by mistakes in information provided by the UK representative of X in discharging, so far as required under subsection (4) of this section, an obligation imposed on the representative by section 271F unless—
- (a) the mistake is the result of an act or omission of X, or
- (b) the mistake is one to which X consented or in which X connived.
- (8) In this section “*information*” includes anything contained in a return, self-assessment, account, statement or report required to be provided to the Commissioners for Her Majesty's Revenue and Customs or to any officer of Revenue and Customs.
##### 271H
- (1) A person is not by virtue of section 271F liable to be proceeded against for a criminal offence unless the person—
- (a) committed the offence, or
- (b) consented to or connived in its commission.
- (2) An independent agent of a non-UK resident is not by virtue of section 271F liable to any civil penalty or surcharge in respect of an act or omission if conditions A and B are met.
- (3) Condition A is that the act or omission is not—
- (a) an act or omission of the independent agent, or
- (b) an act or omission to which the agent consented or in which the agent connived.
- (4) Condition B is that the independent agent is able to show that the amount of the penalty or surcharge will not be recoverable out of the sums mentioned in section 271I(3) (after being indemnified for any other liabilities under section 271I).
##### 271I
- (1) An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.
- (2) An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.
- (3) The sums are those which—
- (a) (ignoring subsection (2)) are due from the independent agent to the non-UK resident, or
- (b) are received by the independent agent on behalf of the non-UK resident.
##### 271J
- (1) In this Chapter “*non-UK resident*” means a person who is not resident in the United Kingdom.
- (2) In this Chapter “*independent agent*”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.
- (3) For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.
#### Chargeable events when bonds owned.
#### Identification of exempt employee shareholder shares
##### 1A
- (1) This paragraph applies where—
- (a) paragraph 1(1) applies to a disposal of shares in or securities of a company that are of a class,
- (b) accordingly, the shares or securities constitute or form part of a holding which the person making the disposal (“P”) is treated as having held on 31st March 1982 (“the deemed 1982 holding”),
- (c) the disposal by which P acquired the shares or securities, and any previous disposal of them after 31st March 1982, was a disposal to which section 171(1) (transfers within a group) applied,
- (d) some or all of the shares or securities constituting the deemed 1982 holding were in fact held on 31st March 1982 by a person other than P, and
- (e) in the hands of that person on that date they formed part of a holding which—
- (i) consisted of shares or securities of the same class as the shares or securities disposed of, and
- (ii) was larger than the deemed 1982 holding.
- (2) If P makes a claim, then for the purposes of section 35(2) the market value on 31st March 1982 of the shares or securities disposed of is to be treated as being—
$$VLH×NDONLH$where—VLH is the market value on 31st March 1982 of the larger holding mentioned in sub-paragraph (1)(e) (in the hands of the person who in fact held it on that date),NDO is the number of shares or securities disposed of, andNLH is the number of shares or securities comprised in the larger holding on that date.$
- (3) Sub-paragraph (4) applies where sub-paragraph (1)(d) and (e) are met by two or more persons holding the shares or securities as two or more holdings or parts of holdings (“the original holdings”).
- (4) Sub-paragraph (2) applies for the purpose of calculating the market value on 31st March 1982 of the shares or securities disposed of, except that—
- (a) VLH is the market value on 31st March 1982 of the largest of the original holdings, and
- (b) NLH is the number of shares or securities comprised in that holding.
- (5) A claim under sub-paragraph (2) must be made on or before the second anniversary of the end of the accounting period of P in which the disposal takes place.
- (6) Shares in or securities of a company shall not be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
##### 252A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 8A
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 1
- (1) This Schedule applies where—
- (a) an individual makes a disposal of a debt to which section 252(1) applies (“the relevant disposal”),
- (b) the debt (“the section 252 debt”) is not situated in the United Kingdom, and
- (c) money or money's worth which is remitted foreign income (“the section 37 amount”) is excluded under section 37 from the consideration for the relevant disposal.
- (2) For this purpose “*remitted foreign income*” means income of the individual which is chargeable to income tax on the alternative basis of charge set out in Chapter A1 of Part 14 of ITA 2007 (remittance basis).
- (3) In determining whether the condition in sub-paragraph (1)(c) is met, the following provisions of this Schedule are to be ignored.
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4A
- (1) Subsection (2) applies if for a tax year—
- (a) a person is entitled, by virtue of section 539 of ITTOIA 2005 (gains from contracts for life insurance etc), to relief by reference to the amount of a deficiency, or
- (b) the residuary income of an estate is treated, by virtue of section 669(1) and (2) of that Act (reduction in residuary income: inheritance tax on accrued income), as reduced so as to reduce a person's income by any amount for the purposes of extra liability.
- (2) Section 4(7) is to have effect as if the person's Step 3 income for the year were reduced by the amount of the deficiency mentioned in subsection (1)(a) or the amount mentioned in subsection (1)(b) (as the case may be).
- (3) Subsections (4) and (5) apply if, by virtue of section 465 of ITTOIA 2005 (gains from contracts for life insurance etc), a person's total income for a tax year is deemed to include any amount or amounts.
- (4) Section 4(7) is to have effect as if the person's Step 3 income for the year included not the whole of the amount or amounts concerned but only the annual equivalent within the meaning of section 536(1) of that Act or the total annual equivalent within the meaning of section 537 of that Act (as the case may be).
- (5) If—
- (a) relief is given under section 535 of that Act, and
- (b) the calculation under section 536(1) or 537 of that Act (as the case may be) does not involve the higher rate of income tax,
section 4(4) and (5) are to have effect as if no income tax were chargeable at the higher rate, the Scottish higher rate or the dividend upper rate in respect of the person's income.
##### 4B
- (1) Where it is necessary to determine—
- (a) from which chargeable gains an allowable loss accruing to a person is to be deducted, or
- (b) which allowable losses are to be deducted from any chargeable gains accruing to a person,
(including in a case falling within subsection (2)), the losses concerned may be used in whichever way is most beneficial to that person.
- (2) Where the gains accruing to a person in a tax year are (apart from this section) chargeable to capital gains tax at different rates, the exempt amount under section 3 may be used in respect of those gains in whichever way is most beneficial to that person.
- (3) This section is subject to any enactment which contains a limitation on the gains from which allowable losses may be deducted.
##### 142A
- (1) This section applies if share capital issued in lieu of a cash dividend by—
- (a) a company UK REIT, or
- (b) the principal company of a group UK REIT,
is attributed as mentioned in section 550(2)(a), (c) or (d) of CTA 2010 (attribution of distributions).
- (2) The case shall not constitute a reorganisation of the company's share capital for the purposes of sections 126 to 128.
- (3) The person who acquires the share capital by means of its issue shall (notwithstanding section 17(1)) be treated for the purposes of section 38(1)(a) as having acquired that asset for a consideration equal to the cash equivalent of the share capital.
- (4) Section 414A(2) to (4) of ITTOIA 2005 (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of Chapter 5 of Part 4 of that Act.
- (5) Section 412(1), (2), (4) and (5) of that Act (meaning of “cash equivalent of share capital”) applies for the purposes of this section as it applies in relation to share capital issued as mentioned in section 410(1)(a) of that Act.
- (6) In this section “company UK REIT” and “principal company of a group UK REIT” are to be read in accordance with Part 12 of CTA 2010 (Real Estate Investment Trusts).
##### 198H
Section 198A or 198B is to apply where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
- (b) the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
- (c) the claim under that section is made by both companies,
as if both companies were the same person.
##### 225D
- (1) This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part of the dwelling-house was occupied by another person (“B”)—
- (a) in England and Wales, pursuant to an adult placement scheme,
- (b) in Scotland, pursuant to arrangements which constitute or form part of an adult placement service involving the provision of accommodation for B, or
- (c) in Northern Ireland, pursuant to arrangements made with an adult placement agency for the provision of accommodation for B.
- (2) For the purposes of this Part, in determining the periods during which the dwelling-house, or any part of the dwelling-house, was A's only or main residence, B's occupation of part of the dwelling-house pursuant to the scheme or arrangement is to be disregarded.
- (3) For the purposes of section 224, the occupation of the part of the dwelling-house by B pursuant to the scheme or arrangement does not amount to the use of that part of the dwelling-house by A exclusively for the purpose of a trade, business, profession or vocation.
- (4) In this section—
- “*adult placement agency*” means an organisation or undertaking—that arranges for the provision of care and support (including accommodation) for persons in need, andin respect of which a requirement to register arises under Article 12 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003,
- “*adult placement scheme*” means a scheme—under which an individual agrees with the person carrying on the scheme to provide care and support (including accommodation) to an adult who is in need of it, andin respect of which a requirement to register arises under section 11 of the Care Standards Act 2000, and
- “*adult placement service*” has the meaning given by paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010.
##### 26A
- (1) This section applies where the balance of a dormant account held by a person with a bank or building society is transferred—
- (a) to an authorised reclaim fund, with the result that section 1 of the Dormant Bank and Building Society Accounts Act 2008 applies in relation to the account, or
- (b) to an authorised reclaim fund and one or more charities, with the result that section 2 of that Act applies in relation to the account.
- (2) For the purposes of this Act—
- (a) the transfer is not to be treated as involving any acquisition or disposal of an asset, and
- (b) the person's rights under Part 1 of that Act are to be treated as the same asset as the original rights, acquired as the original rights were acquired and having the same characteristics as those rights.
- (3) “The original rights” are the person's rights against the bank or building society immediately before the transfer.
- (4) Terms used in this section and in the Dormant Bank and Building Society Accounts Act 2008 have the same meaning in this section as in that Act.
##### 103B
- (1) This section applies in relation to an offshore fund which is a transparent fund but is not a unit trust scheme (“the fund”).
- (2) Section 99B applies for the purposes of computing the gain accruing on a disposal by a participant of an interest in the fund and for all other provisions of this Act as if—
- (a) the fund were a unit trust scheme,
- (b) the interest in the fund were units in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (3) In this section “transparent fund” has the meaning given by the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 11).
#### Death: application of law in Scotland.
#### Exemption for disposals by persons using cash basis
##### 119C
- (1) This section applies for the purposes of section 119A if an amount deducted under section 480(5)(d) of ITEPA 2003, which (apart from this section) would by virtue of section 119A(5)(a) be added back to an amount counting as employment income, is or includes unremitted Part 7A income.
- (2) So much of the amount deducted as is unremitted Part 7A income is not to be added back.
- (3) In this section “*unremitted Part 7A income*” means an amount counting as employment income under Chapter 2 of Part 7A of ITEPA 2003—
- (a) to which section 554Z9(2) or 554Z10(2) of that Act applies, and
- (b) which has not been remitted to the United Kingdom by the end of the tax year in which the disposal mentioned in section 119A(1) occurs.
- (4) Section 119B(4) to (6) applies if any of the unremitted Part 7A income is remitted to the United Kingdom after the end of the tax year referred to in subsection (3)(b).
##### 179ZA
- (1) This section applies where—
- (a) a disposition of property following a person's death is varied, and
- (b) section 62(6) applies in respect of the variation.
- (2) Where property becomes settled property in consequence of the variation (and would not, but for the variation, have become settled property), a person mentioned in subsection (3) shall be treated for the purposes of this Act, except where the context otherwise requires—
- (a) as having made the settlement, and
- (b) as having provided the property for the purposes of the settlement.
- (3) Those persons are—
- (a) a person who immediately before the variation was entitled to the property, or to property from which it derives, absolutely as legatee,
- (b) a person who would have become entitled to the property, or to property from which it derives, absolutely as legatee but for the variation,
- (c) a person who immediately before the variation would have been entitled to the property, or to property from which it derives, absolutely as legatee but for being an infant or other person under a disability, and
- (d) a person who would, but for the variation, have become entitled to the property, or to property from which it derives, absolutely as legatee if he had not been an infant or other person under a disability.
- (4) In subsection (3) references to a person being entitled to property absolutely as legatee shall be construed in accordance with section 64(3) (reading the references to “an asset” and “any asset” as references to “property”).
- (5) Where—
- (a) property would have become comprised in a settlement—
- (i) which arose on the deceased person's death (whether in accordance with his will, on his intestacy or otherwise), or
- (ii) which was already in existence on the deceased person's death (whether or not the deceased person was a settlor in relation to that settlement), but
- (b) in consequence of the variation the property, or property derived from it, becomes comprised in another settlement,
the deceased person shall be treated for the purposes of this Act, except where the context otherwise requires, as having made the other settlement.
- (6) Where—
- (a) immediately before the variation property is comprised in a settlement and is property of which the deceased person is a settlor, and
- (b) immediately after the variation the property, or property derived from it, becomes comprised in another settlement,
the deceased person shall be treated for the purposes of this Act, except where the context otherwise requires, as having made the other settlement.
- (7) If a person is treated as having made a settlement under subsection (5) or (6), for the purposes of this Act he shall be treated as having made the settlement immediately before his death.
- (8) But subsection (7) does not apply in relation to a settlement which arose on the person's death.
##### 69A
Schedule 4ZA (which makes provision about sub-fund settlements) shall have effect.
### Restrictions on buying losses or gains etc
##### 184A
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if—
- (a) at any time (“*the relevant time*”) there is a qualifying change of ownership in relation to a company (“*the relevant company*”) (see section 184C),
- (b) a loss (a “qualifying loss”) accrues to the relevant company or any other company on a disposal of a pre-change asset (see subsection (3)),
- (c) the change of ownership occurs directly or indirectly in consequence of, or otherwise in connection with, any arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage (see section 184D), and
- (d) the advantage involves the deduction of a qualifying loss from any chargeable gains (whether or not it also involves anything else).
- (2) A qualifying loss accruing to a company is not to be deductible from chargeable gains accruing to the company ... .
- (3) In this section a “*pre-change asset*” means an asset which was held by the relevant company before the relevant time (but see also sections 184E and 184F).
- (4) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (5) For the purposes of this section it does not matter—
- (a) whether a qualifying loss accrues before, after or at the relevant time,
- (b) whether a qualifying loss accrues at a time when there are no chargeable gains from which it could be deducted (or could otherwise have been deducted), or
- (c) whether the tax advantage is secured for the company to which a qualifying loss accrues or for any other company.
##### 184B
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if—
- (a) at any time (“*the relevant time*”) there is a qualifying change of ownership in relation to a company (“*the relevant company*”) (see section 184C),
- (b) a gain (a “qualifying gain”) accrues to the relevant company or any other company on a disposal of a pre-change asset (see subsection (3)),
- (c) the change of ownership occurs directly or indirectly in consequence of, or otherwise in connection with, any arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage, and
- (d) the advantage involves the deduction of a loss from a qualifying gain (whether or not it also involves anything else).
- (2) In the case of a qualifying gain accruing to a company, a loss accruing to the company is not to be deductible from the gain ... .
- (3) In this section a “*pre-change asset*” means an asset which was held by the relevant company before the relevant time (but see also sections 184E and 184F).
- (4) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (5) For the purposes of this section it does not matter—
- (a) whether a qualifying gain accrues before, after or at the relevant time,
- (b) whether a qualifying gain accrues at a time when there are no losses which could be deducted (or could otherwise have been deducted) from the gain, or
- (c) whether the tax advantage is secured for the company to which a qualifying gain accrues or for any other company.
##### 184C
- (1) For the purposes of sections 184A and 184B, there is a qualifying change of ownership in relation to a company at any time if any one or more of the following occur at that time—
- (a) the company joins a group of companies (see subsections (2) to (5)),
- (b) the company ceases to be a member of a group of companies,
- (c) the company becomes subject to different control (see subsections (6) to (9)).
- (2) Whether a company is a member of a group of companies at any time is determined in accordance with section 170.
- (3) But, apart from in the excepted case, nothing in section 170(10) or (10A) is to prevent all the companies of one group from being regarded as joining another group when the principal company of the first group becomes a member of the other group at any time.
- (4) The excepted case is the case where—
- (a) the persons owning the shares of the principal company of the first group immediately before that time are the same as the persons owning the shares of the principal company of the other group immediately after that time,
- (b) the principal company of the other group was not the principal company of any group immediately before that time, and
- (c) immediately after that time the principal company of the other group had assets consisting entirely (or almost entirely) of shares of the principal company of the first group.
- (5) For this purpose, references to shares of a company are to the shares comprised in the issued share capital of the company.
- (6) The general rule is that a company becomes subject to different control at any time if any one or more of the following occur—
- (a) a person has control of the company at that time (whether alone or together with one or more others) and the person did not previously have control of the company,
- (b) a person has control of the company at that time together with one or more others and the person previously had control of the company alone,
- (c) a person ceases to have control of the company at that time (whether the person had control alone or together with one or more others).
- (7) The general rule is subject to the following exceptions.
- (8) A company does not become subject to different control in any case where it joins a group of companies and the case is the excepted case mentioned above.
- (9) A company (“the subsidiary”) does not become subject to different control at any time in any case where—
- (a) immediately before that time the subsidiary is the 75 per cent. subsidiary of another company, and
- (b) (although there is a change in the direct ownership of the subsidiary) that other company continues immediately after that time to own it as a 75 per cent. subsidiary.
##### 184D
For the purposes of sections 184A and 184B, “*tax advantage*” means—
- (a) relief or increased relief from corporation tax,
- (b) repayment or increased repayment of corporation tax,
- (c) the avoidance or reduction of a charge to corporation tax or an assessment to corporation tax, or
- (d) the avoidance of a possible assessment to corporation tax.
##### 184E
- (1) If—
- (a) a company other than the relevant company makes a disposal of an asset, and
- (b) the asset has been disposed of at any time after the relevant time by a disposal to which section 171(1) does not apply (a “non-section 171(1) transfer”),
the asset ceases to be regarded as a pre-change asset for the purposes of sections 184A and 184B (but see also subsections (10) and (11)).
- (2) But (without affecting the generality of the provision made by the following subsection) if, on a non-section 171(1) transfer,—
- (a) an asset would cease to be regarded as a pre-change asset as a result of subsection (1), and
- (b) the company making the non-section 171(1) transfer retains any interest in or over the asset,
that interest is to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (3) If—
- (a) the relevant company or any other company holds an asset (“the new asset”) at or after the relevant time,
- (b) the value of the new asset derives in whole or in part from a pre-change asset, and
- (c) the new asset is not acquired by the company concerned as a result of a non-section 171(1) transfer,
the new asset is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (4) For this purpose the cases in which the value of an asset may be derived from any other asset include any case where—
- (a) assets have been merged or divided,
- (b) assets have changed their nature, or
- (c) rights or interests in or over assets have been created or extinguished.
- (5) If a pre-change asset is “*the old asset*” for the purposes of section 116 (reorganisations, conversions and reconstructions), “*the new asset*” for the purposes of that section is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (6) If a pre-change asset is the “*original shares*” for the purposes of sections 127 to 131 (reorganisation or reduction of share capital), the “*new holding*” for the purposes of those sections is also to be regarded as a pre-change asset for the purposes of sections 184A and 184B.
- (7) The following subsection applies if, as a result of the application of a relevant deferral provision in the case of a disposal of a pre-change asset (“the original disposal”),—
- (a) a gain or loss that would otherwise accrue to a company does not so accrue, or
- (b) any part of any such gain is treated as forming part of a single chargeable gain which does not accrue to the company on the original disposal,
and a gain or loss does, wholly or partly in consequence of the application of that provision in the case of the original disposal, accrue to the company or any other company on a subsequent occasion.
- (8) So much of the gain or loss accruing on the subsequent occasion as accrues in consequence of the application of the relevant deferral provision in the case of the original disposal is to be regarded for the purposes of sections 184A and 184B as accruing on a disposal of a pre-change asset (so far as it would not otherwise be so regarded).
- (9) A “*relevant deferral provision*” means any of the following—
- (a) section 139 (reconstruction involving transfer of business),
- (b) section 140 (postponement of charge on transfer of assets to non-resident company),
- (c) section 140A (transfer of a UK trade),
- (d) section 140E (merger leaving assets within UK tax charge),
- (e) sections 152 and 153 (replacement of business assets),
- (f) section 187 (postponement of charge on deemed disposal under section 185).
- (10) If—
- (a) a pre-change asset of the relevant company is transferred to another company (“*the transferee company*”),
- (b) any of sections 139, 140A and 140E apply to the companies in the case of the asset, and
- (c) the transfer of the asset is made directly or indirectly in consequence of, or otherwise in connection with, the arrangements mentioned in section 184A or 184B,
the asset is to be regarded as a “pre-change asset” in the hands of the transferee company for the purposes of sections 184A and 184B.
- (11) In such a case, subsection (1) applies as if the reference in paragraph (a) of that subsection to the relevant company were to the transferee company.
##### 184F
- (1) This section applies, in the case of any pre-change asset of the relevant company or any pre-change asset of any company which is acquired on a disposal to which section 171(1) applies, if—
- (a) the pre-change asset consists of a holding of securities which falls as a result of any provision of Chapter 1 of Part 4 to be regarded as a single asset (“the pre-change pooled asset”), and
- (b) as a result of any disposal or acquisition at any time after the relevant time, any securities (“the other securities”) would (but for this section) be regarded as forming part of the pre-change pooled asset.
- (2) None of the other securities are to be regarded for the purposes of this Act as forming part of the pre-change pooled asset.
- (3) But this does not prevent the other securities from being regarded, as a result of any provision of that Chapter, as forming part of or constituting a different, single asset (“the other pooled asset”).
- (4) Securities of the same class as the other securities which are disposed of at or after the relevant time—
- (a) are to be identified first with the other securities or securities forming part of the other pooled asset,
- (b) are to be identified next with securities forming part of the pre-change pooled asset (if the number of securities disposed of exceeds the number identified in accordance with paragraph (a)), and
- (c) subject to paragraphs (a) and (b), are to be identified in accordance with the provisions applicable apart from those paragraphs.
- (5) The above identification rules apply even if some or all of the securities disposed of are otherwise identified—
- (a) by the disposal, or
- (b) by a transfer or delivery giving effect to it;
but where a company disposes of securities in one capacity, they are not to be identified with securities which it holds, or can dispose of, only in some other capacity.
- (6) Chapter 1 of Part 4 has effect subject to this section.
- (a) a gain accrues to a company (“company A”) on a sale referred to in subsection (3) or (6) of section 179, or
- (b) a gain would so accrue but for subsection (3A) or (7A) of that section.
- (2) If subsection (3D) or (3E) of that section applies in relation to one or more group disposals (within the meaning of that section)—
- (a) the company making the disposal, or
- (b) if there is more than one disposal, the companies making those disposals acting jointly,
may make a claim for the amount of the gain to be treated for the purposes of the subsection in question as reduced by an amount specified in the claim.
- (3) In any other case, company A may make a claim for the amount of the gain to be treated for all purposes of this Act as reduced by an amount specified in the claim.
- (4) Where a claim is made under subsection (2) or (3), the gain must be treated, for the purposes mentioned in the subsection in question, as reduced by such amount (if any) as is just and reasonable.
- (5) In determining the amount which is just and reasonable regard must be had, in particular, to any transaction as a direct or indirect result of which company A or any associated company (within the meaning of section 179(10)) acquired the asset to which the gain relates.
- (6) Where under this section the gain accruing to company A on a sale referred to in subsection (3) or (6) of section 179 is treated as reduced by an amount (“the permitted deduction”), the subsection in question has effect, so far as it provides for the immediate reacquisition of the asset by company A, as if the reference to market value of the asset were to its market value less the permitted deduction.
##### 195F
- (1) This section applies if—
- (a) expenditure is incurred by company A or company B (see section 195A) on a licence disposed of by it under a licence-consideration swap or mixed-consideration swap,
- (b) the expenditure is incurred before the disposal,
- (c) the expenditure falls within section 38(1)(b), and
- (d) the expenditure is reimbursed or effectively reimbursed (whether by way of adjustment of the non-licence consideration (if any) or otherwise) by the company (“*the other company*”) to whom the disposal is made (whether before, on or after the date of the disposal).
- (2) The expenditure is to be treated for the purposes of this Act as expenditure —
- (a) incurred by the other company on the licence immediately after the disposal, and
- (b) which falls within section 38(1)(b).
##### 198I
- (1) The incurring of exploration, appraisal and development expenditure in the course of a ring fence trade is to be treated for the purposes of sections 198A to 198H as the acquisition of assets—
- (a) which are the new assets mentioned in section 152,
- (b) which are taken into use, and used only, for the purposes of the ring fence trade,
- (c) which are oil assets, and
- (d) which fall within the classes of assets listed in section 155.
- (2) The reference in subsection (1) to sections 198A to 198H includes sections 152, 153, 175 and 198(1) so far as they apply for the purpose of determining whether a disposal and acquisition qualifies for roll-over relief or section 153 relief (within the meaning given in section 198F or 198G).
- (3) Section 198C has effect in relation to expenditure within subsection (1) of this section as if subsection (5) of that section were omitted.
- (4) References in this section to exploration, appraisal and development expenditure are to expenditure on oil and gas exploration, appraisal and development activities which is treated as such under generally accepted accounting practice.
- (5) Nothing in this section affects sections 152, 153, 175 and 198(1) so far as they apply otherwise than for the purposes of sections 198A to 198H.
- (6) In this section—
- “*oil asset*” has the meaning given in section 198E(5);
- “*ring fence trade*” has the meaning given in section 198.
##### 241A
- (1) The following provisions of this section shall have effect with respect to the treatment for the purposes of tax on chargeable gains of the commercial letting of furnished holiday accommodation in EEA states other than the United Kingdom.
- (2) For the purposes of this section as it applies to capital gains tax, the “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 3 of ITTOIA 2005.
- (3) For the purposes of this section as it applies to corporation tax in respect of chargeable gains, the “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 4 of CTA 2009.
- (4) Subject to subsections (6) to (10) below, for the purposes of the provisions mentioned in subsection (5) below—
- (a) any overseas property business which consists of, or so far as it consists of, the commercial letting of furnished holiday accommodation in one or more EEA states shall be treated as a trade, and
- (b) all such lettings made by a particular person or partnership or body of persons shall be treated as one trade.
- (5) The provisions referred to in subsection (4) above are—
- sections 152 to 157 (roll-over relief on replacement of business assets),
- section 165 (gifts relief),
- section 169S(1) (entrepreneurs' relief),
- section 253 (relief for loans to traders), and
- Schedule 7AC (exemptions for disposals by companies with substantial shareholdings).
- (6) Subject to subsection (7) below, for the purposes of the provisions mentioned in subsection (5) above as they apply by virtue of this section, where in any chargeable period a person makes a commercial letting of furnished holiday accommodation in an EEA state other than the United Kingdom—
- (a) the accommodation shall be taken to be used in that period only for the purposes of the trade of making such lettings, and
- (b) that trade shall be taken to be carried on throughout that period.
- (7) Subsection (6) does not apply to any part of a chargeable period during which the accommodation is neither let commercially nor available to be so let unless it is prevented from being so let or available by any works of construction or repair.
- (8) Where—
- (a) a gain to which section 222 applies accrues to any individual on the disposal of an asset, and
- (b) by virtue of subsection (4) above the amount or value of the consideration for the acquisition of the asset is treated as reduced under section 152 or 153,
the gain to which section 222 applies shall be reduced by the amount of the reduction mentioned in paragraph (b) above.
- (9) Where there is a letting of accommodation only part of which is holiday accommodation such apportionments shall be made for the purposes of this section as are just and reasonable.
- (10) Where a person has been charged to tax in respect of chargeable gains otherwise than in accordance with the provisions of this section, such assessment, reduction or discharge of an assessment, or, where a claim for repayment is made, such repayment, shall be made as may be necessary to give effect to those provisions.
- (11) In this section “*overseas property business*” means—
- (a) an overseas property business within the meaning of the Income Tax Acts (see section 989 of ITA 2007), or
- (b) a overseas property business within the meaning of the Corporation Tax Acts (see section 1119 of CTA 2010).
##### 257A
- (1) Section 257 does not apply in relation to—
- (a) a tainted donation made by a person, or
- (b) any associated donation.
- (2) For the purposes of this section—
- (a) “*tainted donation*” means a tainted donation within the meaning of Chapter 8 of Part 13 of ITA 2007 (tainted charity donations: removal of income tax reliefs etc) or Part 21C of CTA 2010 (tainted charity donations: removal of corporation tax relief), and
- (b) “*associated donation*” means an associated donation within the meaning of section 809ZM of ITA 2010 or section 939F of CTA 2010.
##### 276A
- (1) On a no gain/no loss disposal by a company in relation to which an election under section 18A of CTA 2009 (exemption for profits or losses of foreign permanent establishments) has effect, the amount of the consideration which would secure that neither a gain nor a loss would accrue to the company on the disposal is to be arrived at after taking account of the operation of the provisions of Chapter 3A of Part 2 of that Act (with the result that that amount includes the amount which for the purposes of that Chapter would in the case of the company be the foreign permanent establishments amount attributable to the disposal for the accounting period in which it was made if the disposal were not a no gain/no loss disposal).
- (2) For the purposes of this section a no gain/no loss disposal is one on which by virtue of section 152 or any of the no gain/no loss provisions neither a gain nor a loss accrues to the company making the disposal.
#### Information.
### Effect of transfer of trading assets within a group
##### 15A
- (1) For the purposes of this Part, the period for which the investing company is treated as holding a substantial shareholding in the company invested in is extended in accordance with sub-paragraph (3) if the following conditions are met.
- (2) The conditions are—
- (a) that, immediately before the disposal, the investing company holds a substantial shareholding in the company invested in,
- (b) that an asset which, at the time of the disposal, is being used for the purposes of a trade carried on by the company invested in was transferred to it by the investing company or another company,
- (c) that, at the time of the transfer of the asset, the company invested in, the investing company and, if different, the company which transferred the asset were all members of the same group, and
- (d) that the asset was previously used by a member of the group (other than the company invested in) for the purposes of a trade carried on by that member at a time when it was such a member.
- (2A) For the purposes of sub-paragraph (2)(b) and (d), “*trade*” includes oil and gas exploration and appraisal.
- (3) The investing company is to be treated as having held the substantial shareholding at any time during the final 12 month period when the asset was used as mentioned in sub-paragraph (2)(d) (if it did not hold a substantial shareholding at that time).
- (4) “*The final 12 month period*” means the period of 12 months ending with the time of the disposal.
##### 103C
- (1) The Treasury may by regulations make provision about the treatment of participants in collective investment schemes for the purposes of this Act.
- (2) The regulations may, in particular, specify descriptions of collective investment scheme in relation to which they are to apply.
- (3) Regulations under this section may make different provision for different cases or different purposes.
- (4) Regulations under this section—
- (a) may modify this Act or any other enactment or instrument (whenever passed or made), and
- (b) may include incidental, consequential, supplementary or transitional provision.
- (5) A statutory instrument containing regulations under this section must be laid before the House of Commons after being made.
- (6) The regulations cease to have effect at the end of the period of 40 days beginning with the day on which the instrument is made unless before the end of that period the instrument is approved by a resolution of the House of Commons.
- (7) After an instrument containing regulations under this section has been approved under subsection (6), subsections (5) and (6) do not apply to any subsequent such instrument (and accordingly section 287(3) applies to any such instrument).
- (8) If regulations cease to have effect as a result of subsection (6), that does not—
- (a) affect anything previously done under the regulations, or
- (b) prevent the making of new regulations to the same or similar effect.
- (9) In calculating the period of 40 days for the purposes of subsection (6), no account is to be taken of any time during which Parliament is dissolved or prorogued or during which the House of Commons is adjourned for more than 4 days.
- (10) In this section—
- “*modify*” includes amend, repeal or revoke, and
- “*participant*”, in relation to a collective investment scheme, is to be read in accordance with section 235 of the Financial Services and Markets Act 2000.
##### 150E
- (1) For the purpose of determining the gain or loss on any disposal of shares by an individual where—
- (a) an amount of SEIS relief is attributable to the shares, and
- (b) apart from this subsection there would be a loss,
the consideration given by the individual for the shares is to be treated as reduced by the amount of the relief.
- (2) Where—
- (a) shares are disposed of by an individual after the end of the period referred to in section 257AC(2) of ITA 2007,
- (b) an amount of SEIS relief is attributable to the shares, and
- (c) (apart from this subsection) there would be a gain,
the gain is not a chargeable gain.
- (3) Despite section 16(2), subsection (2) does not apply to a disposal on which a loss accrues.
- (4) Subsection (5) applies where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 257H of ITA 2007 (spouses and civil partners) as reduced) for any tax year under section 257AB of that Act in respect of an issue of shares,
- (b) the amount of the reduction (“R”) is less than the amount (“T”) which is equal to tax at the SEIS rate on the amount subscribed for the issue, and
- (c) R is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007.
- (5) If there is a disposal of the shares on which there is a gain, subsection (2) applies only to so much of the gain as is found by multiplying it by the fraction—
$R T$
- (6) Any question as to—
- (a) which of any shares that—
- (i) are acquired by an individual at different times, and
- (ii) are shares to which SEIS relief is attributable,
a disposal relates to, or
- (b) whether a disposal relates to shares to which SEIS relief is attributable,
is to be determined for the purposes of capital gains tax as for the purposes of section 257HA of ITA 2007.
Chapter 1 of this Part has effect subject to this subsection.
- (7) Sections 104, 105 and 106A do not apply to shares to which SEIS relief is attributable.
- (8) Where—
- (a) an individual holds shares (“the existing holding”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, SEIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 do not apply in relation to the existing holding.
- (9) Sections 135 and 136 do not apply in respect of shares to which SEIS relief is attributable.
- (10) Subsection (9) does not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company's assets on its winding up and no present or future right to be redeemed,
- (b) the new shares are issued after the end of the relevant period, and
- (c) the condition in subsection (11) is satisfied.
- (11) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 257EB(1) of ITA 2007 and in accordance with sections 257EC and 257ED of that Act.
- (12) All such adjustments of capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of the SEIS relief being given or withdrawn.
- (13) Where shares to which SEIS relief is attributable are exchanged for other shares in circumstances such that section 257HB of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (9) above does not have effect to disapply section 135, and
- (b) sections 257HB(3)(b), 257HC(2)(a) and 257HD of ITA 2007 apply for the purposes of this section as they apply for the purposes of Part 5A of that Act.
- (14) For the purposes of this section—
- “*eligible shares*” means shares that meet the requirements of section 257CA(2);
- “*new holding*” is to be construed in accordance with sections 126, 127, 135 and 136;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*relevant period*” means the period found by applying section 257AC(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (9) and by reference to those shares;
- “*the SEIS rate*” has the meaning given by section 257AB(3) of ITA 2007;
- “*SEIS relief*” means relief under Part 5A of ITA 2007 (seed enterprise investment scheme);
and that Part applies to determine whether SEIS relief is attributable to any shares and, if so, the amount of SEIS relief so attributable.
##### 150F
- (1) This section has effect where—
- (a) section 150E(2) applies on a disposal of shares, and
- (b) before the disposal, value is received in circumstances where SEIS relief attributable to the shares is reduced by an amount under section 257FE(2)(a) of ITA 2007.
- (2) If section 150E(2) applies on the disposal but section 150E(5) does not, section 150E(2) applies only to so much of the gain as remains after deducting so much of it as is found by multiplying it by the fraction—
$$A B$where—A is the amount by which the SEIS relief attributable to the shares is reduced as mentioned in subsection (1), andB is the amount of the relief attributable to the shares.$
- (3) If section 150E(2) and (5) apply on the disposal, section 150E(2) applies only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 150E(5), and
- (b) deducting from that part so much of it as is found by multiplying it by the fraction mentioned in subsection (2) above.
- (4) Where the SEIS relief attributable to the shares is reduced as mentioned in subsection (1) by more than one amount, “A” in subsection (2) is to be taken to be equal to the aggregate of the amounts.
- (5) The amount which is “B” in subsection (2) is to be found without regard to any reduction mentioned in subsection (1).
- (6) For the purposes of this section, Part 5A of ITA 2007 (seed enterprise investment scheme) applies to determine whether SEIS relief is attributable to any shares and, if so, the amount of SEIS relief so attributable.
##### 150G
Schedule 5BB to this Act (which provides relief in respect of re-investment under the seed enterprise investment scheme ... ) has effect.
##### 213A
- (1) The Treasury may make regulations for the purpose mentioned in subsection (2) in any case where—
- (a) an insurance company to which the I - E rules apply is deemed to make a disposal under section 212 of an interest in an offshore fund,
- (b) the offshore fund is a CFC, and
- (c) there is (or, but for the regulations, would be) a CFC charge on the insurance company referable to its relevant interest in the CFC for the accounting period in which the disposal is deemed to have been made.
- (2) The regulations are to be made for the purpose of modifying the operation of—
- (a) section 212 or 213,
- (b) the CFC rules, or
- (c) the I - E rules,
in relation to any accounting period of the insurance company so as to reduce the charge to tax.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) The provision that may be made as a result of subsection (3)(b) includes provision modifying any other provision of the Corporation Tax Acts.
- (5) In this section—
- “*CFC*” and “*CFC charge*” have the same meanings as in Part 9A of TIOPA 2010 (see section 371VA),
- “*the CFC rules*” means the rules contained in that Part, and
- “*offshore fund*” has the meaning given by section 355 of TIOPA 2010.
#### Exemption for employee shareholder shares
#### Interpretation of Chapter
### Disqualifying arrangements
##### 11A
- (1) Where an individual subscribes for eligible shares (“the shares”) in a company (“*the company*”), the shares are to be treated as not being eligible shares for the purposes of this Schedule if the shares are issued, nor any money raised by the issue employed, in consequence or anticipation of, or otherwise in connection with, disqualifying arrangements.
- (2) Arrangements are “disqualifying arrangements” if—
- (a) the main purpose, or one of the main purposes, of the arrangements is to secure—
- (i) that a qualifying business activity is or will be carried on by the company or a qualifying 90% subsidiary of the company, and
- (ii) that one or more persons (whether or not including any party to the arrangements) may obtain relevant tax relief in respect of shares issued by the company which raise money for the purposes of that activity or that such shares may comprise part of the qualifying holdings of a venture capital trust,
- (aa) that activity is the relevant qualifying business activity, and
- (b) one or both of conditions A and B are met.
- (3) Condition A is that, as a (direct or indirect) result of the money raised by the issue of the shares being employed as required by paragraph 1(2)(g), an amount representing the whole or the majority of the amount raised is, in the course of the arrangements, paid to or for the benefit of a relevant person or relevant persons.
- (4) Condition B is that, in the absence of the arrangements, it would have been reasonable to expect that the whole or greater part of the component activities of the relevant qualifying business activity would have been carried on as part of another business by a relevant person or relevant persons.
- (5) For the purposes of this paragraph, it is immaterial whether the company is a party to the arrangements.
- (6) In this paragraph—
- “*component activities*” means—if the relevant qualifying business activity is activity A (see section 179(2) of ITA 2007), the carrying on of a qualifying trade, or preparing to carry on such a trade, which constitutes that activity, andif the relevant qualifying business activity is activity B (see section 179(4) of that Act), the carrying on of research and development which constitutes that activity;
- “*qualifying holdings*”, in relation to the issuing company, is to be construed in accordance with section 286 of ITA 2007 (VCTs: qualifying holdings);
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of ITA 2007;
- “*relevant person*” means a person who is a party to the arrangements or a person connected with such a party;
- “*relevant qualifying business activity*” means the activity for the purposes of which the issue of the shares raised money;
- “relevant tax relief”, in respect of shares, means one or more of the following—relief under this Schedule in consequence of which deferral relief is attributable to the shares;relief under section 150A or 150E (enterprise investment scheme or seed enterprise investment scheme) in respect of the shares;relief under Schedule 5BB (seed enterprise investment scheme: re-investment) in consequence of which SEIS re-investment relief is attributable to the shares (see paragraph 4 of that Schedule);relief under Chapter 6 of Part 4 of ITA 2007 (losses on disposal of shares) in respect of the shares; EIS relief (within the meaning of Part 5 of that Act) in respect of the shares;SEIS relief (within the meaning of Part 5A of that Act) in respect of the shares.
## SCHEDULE 5BB
### SEIS re-investment relief
##### 1
- (1) Sub-paragraph (5) applies where conditions A to C are met in relation to an individual (“the investor”).
- (2) Condition A is that—
- (a) there would (ignoring sub-paragraphs (5) and (6)) be a chargeable gain (“the original gain”) accruing to the investor at any time in the tax year 2012-13 or any subsequent tax year (the year in question being referred to in this Schedule as “*the relevant year*”), and
- (b) the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal time”) in the relevant year.
- (3) Condition B is that—
- (a) the investor is eligible for SEIS relief for the relevant year in respect of an amount subscribed for an issue of shares in a company made to the investor in that year,
- (b) the investor makes a claim for and obtains SEIS relief for that year in respect of all or some of those shares (“the relevant SEIS shares”), and
- (c) if the relevant SEIS shares, or any corresponding bonus shares in relation to those shares, were issued before the disposal time, they are still held by the investor at the disposal time.
- (4) Condition C is that—
- (a) the investor has made a claim under this paragraph for relief in relation to the original gain, and
- (b) the claim is in respect of the amount on which SEIS relief is claimed by the investor in respect of the relevant SEIS shares (“the SEIS expenditure”) or part of that amount.
- (5) The relevant percentage of the available SEIS expenditure is to be set against a corresponding amount of the original gain.
- (5A) In sub-paragraph (5)—
- “*the available SEIS expenditure*” means so much of the SEIS expenditure as—is specified in the claim,is unused, anddoes not exceed so much of the original gain as is unmatched;
- “*the relevant percentage*” means—if the relevant year is the tax year 2012-13, 100%, andif the relevant year is any subsequent tax year, 50%.
- (6) Where an amount of the SEIS expenditure is set against the whole or part of the original gain under sub-paragraph (5), so much of that gain as is equal to that amount is to be treated as not being a chargeable gain.
- (7) For the purposes of this paragraph—
- (a) the SEIS expenditure is unused to the extent that it has not already been set under sub-paragraph (5) or paragraph 2(1) of Schedule 5B against the whole or any part of a chargeable gain, and
- (b) the original gain is unmatched, in relation to the SEIS expenditure, to the extent that it has not had any other expenditure set against it under sub-paragraph (5) or paragraph 2(1) of Schedule 5B.
### Restrictions on relief under paragraph 1
##### 2
- (1) Sub-paragraph (2) applies if the investor's tax reduction under section 257AB of ITA 2007 for the relevant year is limited by subsection (2)(b) of that section (calculation of tax reduction where claim made for amounts subscribed for shares which exceed £100,000).
- (2) Paragraph 1(5) to (7) has effect as if references to the SEIS expenditure were references to so much of that expenditure as is given by the formula—
$$SA TSA × £ 100,000$where— SA means the SEIS expenditure (ignoring this paragraph);TSA means the total of the amounts subscribed for shares issued in the relevant year in respect of which the investor is eligible for and claims SEIS relief for that year.$
- (3) Sub-paragraph (4) applies if the amount of SEIS relief attributable to any of the relevant SEIS shares has been reduced under Chapter 6 of Part 5A of ITA 2007 before the SEIS relief was obtained (otherwise than by virtue of corresponding bonus shares being issued in respect of those shares).
- (4) Paragraph 1(5) to (7) has effect as if the SEIS expenditure were the amount found by multiplying that expenditure by the fraction—
$$R 1 R 2$where—“*R1*” means the amount of SEIS relief attributable to the relevant SEIS shares when the relief is obtained;“*R2*” means the amount of SEIS relief which would have been so attributable in the absence of the reduction.$
- (5) In a case where sub-paragraphs (2) and (4) both apply, sub-paragraph (2) is to be applied before sub-paragraph (4).
### Claims
##### 3
- (1) Section 257EA of ITA 2007 (time for making claims for SEIS relief) applies in relation to a claim made by the investor for the purposes of paragraph 1 in relation to the SEIS expenditure as it applies in relation to a claim for SEIS relief in respect of that expenditure.
- (2) Nothing in paragraph 1(3) prevents a claim being made by the investor under paragraph 1 before SEIS relief has actually been obtained by the investor in relation to the SEIS relief.
### Attribution of SEIS re-investment relief to relevant SEIS shares
##### 4
- (1) References in this Schedule to the SEIS re-investment relief attributable to any shares are to be read as references to the total amount attributed to those shares in accordance with this paragraph.
- (2) Sub-paragraph (3) applies where the whole or part of the SEIS expenditure is set off against a chargeable gain under paragraph 1(5).
- (3) A proportionate part of the expenditure which is so set off is attributed to each of the relevant SEIS shares.
- (4) Sub-paragraph (5) applies if corresponding bonus shares are issued in respect of all or some of the relevant SEIS shares (“the original shares”) to which relief is attributed under this paragraph.
- (5) A proportionate part of the total amount attributed to the original shares immediately before those bonus shares are issued is attributed to each of the shares in the holding comprising the original shares and those bonus shares.
### Removal or reduction of the relief
##### 5
- (1) This paragraph applies where in respect of shares issued to an individual—
- (a) SEIS relief is attributable to the shares,
- (b) SEIS re-investment relief is also attributable to the shares, and
- (c) the SEIS relief which is attributable to the shares is withdrawn or reduced under Chapters 6 and 7 of Part 5A of ITA 2007.
- (2) A chargeable gain accrues to the individual in the tax year in which the shares were issued on a disposal made in that tax year.
- (3) The amount of that gain is—
- (a) in a case where the SEIS relief is withdrawn, the amount of SEIS re-investment relief which is attributable to the shares immediately before the withdrawal, and
- (b) in a case where the SEIS relief is reduced, the appropriate fraction of that amount.
- (4) In a case where the SEIS re-investment relief is withdrawn, the SEIS re-investment relief ceases to be attributable to the shares.
- (5) In a case where the SEIS relief is reduced, the appropriate fraction of the SEIS re-investment relief ceases to be attributable to the shares.
- (6) “The appropriate fraction” is—
$$R 1 − R 2 R 1$where—“R1” is the total amount of the SEIS relief attributable to those shares immediately before the reduction, and“R2” is the total amount of the SEIS relief attributable to those shares immediately after the reduction.$
### Transfers of shares to spouses and civil partners
##### 6
- (1) This paragraph applies if—
- (a) shares to which an amount of SEIS relief is attributable were issued to an individual (“A”),
- (b) A transferred the shares to another individual (“B”) during their lives,
- (c) A was married to, or was the civil partner of, B at the time of the transfer, and
- (d) subsection (4) of section 257FA of ITA 2007 (provision about disposals of shares disapplied where disposal between spouses or civil partners) prevented that section applying to the transfer.
- (2) Any chargeable gain which accrues by virtue of paragraph 5(2), as a result of SEIS relief attributable to the shares being withdrawn or reduced after the shares are transferred, is to accrue to B (instead of to A).
### Adjustment of capital gains tax liability
##### 7
- (1) All such adjustments of capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of relief being obtained, or a gain accruing, under this Schedule.
- (2) In its application to an assessment made by virtue of this paragraph, section 86 of TMA 1970 (interest on overdue capital gains tax) has effect as if the relevant date were 31 January next following the tax year in which the assessment is made.
### Interpretation etc
##### 8
- (1) In this Schedule—
- “*bonus shares*” means shares which are issued otherwise than for payment (whether in cash or otherwise);
- “*corresponding bonus shares*”, in relation to any shares (“the original shares”), means bonus shares which are in the same company, of the same class, and carry the same rights as the original shares;
- “*SEIS relief*” has the same meaning as in Part 5A of ITA 2007.
- (2) In this Schedule, references (however expressed) to an issue of shares in any company to an individual are to such of the shares in the company as are of the same class and are issued to the individual in one capacity and on the same day.
This is subject to sub-paragraph (3).
- (3) If section 257AB(1) and (2) of ITA 2007 applies, in the case of any issue of shares made to an individual, as if part of the issue had been issued in a previous tax year, this Schedule has effect as if that part and the remainder were separate issues of shares (and that part had been issued on a day in the previous tax year).
- (4) Part 5A of ITA 2007 applies, for the purposes of this Schedule, to determine whether SEIS relief is attributable to any shares and, if so, the amount of relief so attributable.
##### 103D
- (1) This section applies in relation to an authorised contractual scheme which is a co-ownership scheme and is not a relevant offshore fund.
- (2) Subject to what follows, a participant’s interests in the property subject to the scheme are to be disregarded for the purposes of this Act.
- (3) A unit in the scheme is to be treated as an asset for the purposes of this Act.
- (4) Section 99B applies for the purpose of computing the gain accruing on the disposal by a participant of such a unit (but for no other purpose) as if—
- (a) the scheme were a unit trust scheme,
- (b) the unit were a unit in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (5) For the purposes of this Act—
- “authorised contractual scheme” has the meaning given by section 237(3) of the Financial Services and Markets Act 2000;
- “co-ownership scheme” has the meaning given by section 235A of the Financial Services and Markets Act 2000.
- (6) In subsection (1), “relevant offshore fund” has the same meaning as in section 103A.
### Chapter 4 — Collective investment schemes: exchanges, mergers and schemes of reconstruction
##### 103E
- (1) In this Chapter (except this section) references to a collective investment scheme are to a collective investment scheme falling within any of the following paragraphs—
- (a) an authorised contractual scheme which is a co-ownership scheme,
- (b) a unit trust scheme, or
- (c) an offshore fund.
- (2) Sections 126 to 138A (reorganisation of share capital, conversion of securities etc) do not apply for the purposes of the treatment of participants in collective investment schemes falling within subsection (1)(a) to (c) except as applied by this Chapter.
- (3) But sections 135 to 138A (company reconstructions) may apply for those purposes where either company A or company B is not a collective investment scheme falling within subsection (1)(a) to (c).
- (4) In subsection (3), “company A” and “company B” have the meaning given by section 135 or 136 as the case may be.
- (5) In this Chapter, “units” includes shares in a company.
##### 103F
- (1) This section applies in the following cases.
- *Case 1*Where—a participant in a collective investment scheme exchanges units in the scheme for other units in the scheme (“new units”) of substantially the same value, andthe property subject to the scheme and the rights of participants to share in the capital and income in relation to that property are the same immediately before and immediately after the event (ignoring any changes as a result of a variation in management charges).
- *Case 2*Where there is a reorganisation of the units in a collective investment scheme in which all the participants holding units in the scheme or, where there are different classes of unit in the scheme, all the participants holding units in the same class, exchange all their units for other units (“new units”) in the scheme.
- (2) Where this section applies—
- (a) sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if the collective investment scheme were a company and the event mentioned in subsection (1) were a reorganisation of its share capital, and
- (b) any distribution in relation to any new units is to be treated for the purposes of capital gains tax, corporation tax or income tax on the basis set out in section 127 (as adapted).
- (3) In subsection (1), “management charges” mean the costs charged to the property subject to the scheme in respect of remunerating the parties operating the scheme, administrating the scheme or investing or safeguarding the property subject to the scheme.
##### 103G
- (1) This section applies in the following cases where units in a collective investment scheme (“collective investment scheme B”) are issued to a person in exchange for units in another collective investment scheme (“collective investment scheme A”).
- (2) The cases are—
- *Case 1*Where units in collective investment scheme B are issued in exchange for units as the result of a general offer—made to participants in collective investment scheme A or any class of them, andmade in the first instance on a condition such that if it were satisfied the property subject to collective investment scheme B would include units in collective investment scheme A giving rights to more than 50% of the capital, and more than 50% of the income, of collective investment scheme A.
- *Case 2*Where—under an arrangement, participants in collective investment scheme A exchange units in that scheme for units of substantially the same value in collective investment scheme B, andin consequence of the exchanges under the arrangement, 85% or more of the property subject to collective investment scheme B is constituted by units in collective investment scheme A.
- (3) Where this section applies, sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if collective investment scheme A and collective investment scheme B were the same company and the exchange were a reorganisation of its share capital.
- (4) This section has effect subject to section 103K(1) (exchange must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103H
- (1) This section applies where—
- (a) for the purposes of, or in connection with, a scheme of reconstruction an arrangement is entered into by all the participants holding units in an original collective investment scheme (“scheme A”), or where there are different classes of units in the scheme, all the participants holding any class of those units, and
- (b) under the arrangement—
- (i) units in a successor collective investment scheme or feeder fund (“scheme B”) are issued to those participants in respect of and in proportion to (or as nearly as may be in proportion to) their relevant holdings in scheme A, and
- (ii) the units in scheme A comprised in relevant holdings are retained by those participants or are cancelled or otherwise extinguished.
- (2) Where this section applies—
- (a) those participants are treated as exchanging their relevant holdings in scheme A for the units held by them in consequence of the arrangement, and
- (b) sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if scheme A and scheme B were the same company and the exchange were a reorganisation of its share capital.
For this purpose units in scheme A comprised in relevant holdings that are retained are treated as if they had been cancelled and replaced by a new issue.
- (3) Where a reorganisation within case 2 of section 103F(1) of the units in scheme A is carried out for the purposes of the scheme of reconstruction, the provisions of subsections (1) and (2) apply in relation to the position after the reorganisation.
- (4) In this section, references to “relevant holdings” of units are—
- (a) where there is only one class of units in scheme A, to holdings of units in the scheme, and
- (b) where there are different classes of units in scheme A, to holdings of a class of units that is involved in the scheme of reconstruction (within the meaning of paragraph 3 of Schedule 5AZA).
- (5) This section has effect subject to section 103K(1) (scheme of reconstruction must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103I
- (1) This section applies where—
- (a) a scheme of reconstruction is entered into and given effect to, and
- (b) for the purposes of, or in connection with, the scheme of reconstruction, units in a collective investment scheme (“the conversion scheme”) are issued to participants in another collective investment scheme (“scheme C”) in exchange for and in proportion to (or as nearly as may be in proportion to) their conversion holdings in accordance with regulation 12(1)(b) of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 ([S.I. 2011/1613](https://www.legislation.gov.uk/uksi/2011/1613)).
- (2) Where this section applies sections 127 to 131 apply with the necessary adaptations as if scheme C and the conversion scheme were the same company and the exchange were a reorganisation of its share capital.
- (3) In this section “conversion holdings” means the units in scheme C to be converted in accordance with regulation 12(1)(b) of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 into units in the conversion scheme for the purposes of, or in connection with, the scheme of reconstruction.
- (4) This section has effect subject to section 103K(1) (scheme of reconstruction must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103J
In sections 103H and 103I—
- (a) “feeder fund” has the meaning given by paragraph 3(2) of Schedule 5AZA to this Act;
- (b) “scheme of reconstruction” has the meaning given by paragraph 1 of Schedule 5AZA;
- (c) “original collective investment scheme” and “successor collective investment scheme” must be construed in accordance with paragraph 2(2) of Schedule 5AZA; and
- (d) references to units being retained include their being retained with altered rights or in an altered form, whether as the result of reduction, consolidation, division or otherwise .
##### 103K
- (1) Subject to subsection (2) below, and section 138, section 103G, 103H or 103I shall not apply to any issue of units in a collective investment scheme in exchange for or in respect of units in another scheme unless the exchange or scheme of reconstruction in question is effected for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoidance of liability to capital gains tax, corporation tax or income tax.
- (2) Subsection (1) above shall not affect the operation of section 103G, 103H or 103I in any case where the participant to whom the units are issued does not hold more than 5 per cent of, or of any class of, the units in the second scheme mentioned in subsection (1) above.
- (3) For the purposes of subsection (2) above units held by participants connected with the participant there mentioned shall be treated as held by that participant.
- (4) If any tax assessed on a participant (“the chargeable participant”) by virtue of subsection (1) above is not paid within 6 months from the date determined under subsection (5) below, any other participant who—
- (a) holds all or any part of the units that were issued to the chargeable participant, and
- (b) has acquired them without there having been, since their acquisition by the chargeable participant, any disposal of them not falling within section 58(1) or 171,
may, at any time within 2 years from that date, be assessed and charged (in the name of the chargeable participant) to all or, as the case may be, a corresponding part of the unpaid tax; and a participant paying any amount of tax under this subsection shall be entitled to recover from the chargeable participant a sum equal to that amount together with any interest paid by him under section 87A of the Management Act on that amount.
- (5) The date referred to in subsection (4) above is whichever is the later of—
- (a) the date when the tax becomes due and payable by the chargeable participant; and
- (b) the date when the assessment was made on the chargeable participant.
- (6) Section 138 (procedure for clearance in advance) applies to this section as it applies to section 137 (with any necessary modifications).
##### 211B
- (1) Subsection (2) applies if—
- (a) an asset of an insurance company is made subject to a collective investment scheme which is—
- (i) an authorised contractual scheme which is a co-ownership scheme, or
- (ii) a relevant offshore fund,
- (b) that is wholly in exchange for the company being issued with units in the scheme, and
- (c) the condition in subsection (3) is met.
- (2) For the purposes of corporation tax on chargeable gains, the company is to be treated—
- (a) as having disposed of the asset mentioned in subsection (1)(a) for a consideration of such amount as would secure that on the disposal neither a gain nor a loss would accrue to the company, and
- (b) as having acquired the units mentioned in subsection (1)(b) for a consideration of the same amount.
- (3) The condition is that—
- (a) immediately before the asset mentioned in subsection (1)(a) is made subject to the scheme, the asset was an asset held by the company for the purposes of its long-term business within one of the long-term business categories, and
- (b) immediately after the asset is made subject to the scheme, the units mentioned in subsection (1)(b) are assets held by the company for the purposes of its long-term business within the same category.
- (4) For the purposes of subsection (3), a “long-term business category” is—
- (a) if the company is a UK life insurance company, a long-term business category set out in section 116(2) of the Finance Act 2012 (subject to section 116(3)), or
- (b) if the company is an overseas life insurance company, a UK long-term business category set out in section 117(2) of that Act (subject to section 117(3)).
- (5) In subsection (1), “relevant offshore fund” has the same meaning as in section 103A (application of Act to certain offshore funds).
- (6) In this section, in relation to a relevant offshore fund, “units” means rights in the fund which are treated as shares under section 103A.
## SCHEDULE 5AZA
### Introductory
##### 1
In sections 103H and 103I, “scheme of reconstruction” means a scheme within paragraph 2 which meets the conditions in paragraphs 3 and 4.
### Form of scheme
##### 2
- (1) A scheme (“the relevant scheme”) is within this paragraph if under the relevant scheme some or all of the property subject to one or more collective investment schemes becomes subject to one or more other collective investment schemes.
- (2) In this Schedule “original collective investment scheme” means a collective investment scheme property subject to which becomes subject to another collective investment scheme; and “successor collective investment scheme” is to be read accordingly.
### First condition: issue of units
##### 3
- (1) The first condition is that the relevant scheme involves the issue of units in a successor collective investment scheme or schemes or a feeder fund—
- (a) where there is one original collective investment scheme, to holders of units in that scheme or, if there are different classes of units in that scheme, to holders of one or more classes of units in that scheme (the classes “involved in the scheme of reconstruction”), or
- (b) where there is more than one original collective investment scheme, to holders of units in any of those schemes or, if there are different classes of units in one or more of those schemes, to holders of units in any of those schemes or of one or more classes of units in any of those schemes (the classes “involved in the scheme of reconstruction”),
and does not involve the issue of units in any successor collective investment scheme or feeder fund to anyone else.
- (2) In this Schedule, “feeder fund” means a collective investment scheme, 85% or more of the property subject to which is constituted by units in a successor collective investment scheme or schemes.
### Second condition: equal entitlement to new units
##### 4
- (1) The second condition is that under the relevant scheme the entitlement of any participant to acquire units in a successor collective investment scheme or schemes or a feeder fund by virtue of holding relevant units, or relevant units of any class, is the same as that of any other participant holding such units or units of that class.
- (2) For this purpose “relevant units” means units comprised—
- (a) where there is one original collective investment scheme, in the units of that scheme or, as the case may be, in the units of that scheme of a class involved in the scheme of reconstruction;
- (b) where there is more than one original collective investment scheme, in the units of any of those schemes or, as the case may be, in the units of any of those schemes of a class involved in the scheme of reconstruction.
### Preliminary reorganisation of units to be disregarded
##### 5
Where a reorganisation of the units in an original collective investment scheme or schemes within case 2 of section 103F(1) is carried out for the purposes of the relevant scheme, the provisions of the first and second conditions apply in relation to the position after the reorganisation.
### Subsequent issue of units to be disregarded
##### 6
An issue of units in any successor collective investment scheme or schemes or feeder fund after the latest date on which any units in any successor collective investment scheme or schemes or feeder fund are issued in consideration of property becoming subject to any successor collective investment scheme or schemes under the relevant scheme shall be disregarded for the purposes of the first and second conditions.
##### 2B
- (1) A person (other than an excluded person) (“P”) is chargeable to capital gains tax in respect of any ATED-related chargeable gain accruing to P in a tax year on a relevant high value disposal.
- (2) A person is “excluded” if the person is an individual, the trustees of a settlement or the personal representatives of a deceased person and—
- (a) the gain accrues on a disposal of any partnership assets and the person is a member of the partnership, or
- (b) the gain accrues on a disposal of any property held for the purposes of a relevant collective investment scheme and the person is a participant in relation to the scheme.
- (3) Capital gains tax is charged on the total amount of ATED-related chargeable gains accruing to P in the tax year on relevant high value disposals, after deducting ring-fenced ATED-related allowable losses in relation to that year.
- (4) Subsections (5) to (7) apply in relation to an ATED-related allowable loss accruing to P in a tax year on a relevant high value disposal.
- (5) The loss is not allowable as a deduction from ATED-related chargeable gains accruing in any earlier tax year on relevant high value disposals.
- (6) Relief is not to be given under this Act more than once in respect of the loss or any part of the loss.
- (7) Relief is not to be given under this Act in respect of the loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
- (8) The only deductions which can be made from ATED-related chargeable gains are those permitted by this section.
- (9) See section 57A and Schedule 4ZZA for how to compute—
- (a) the ATED-related gain or loss accruing on a relevant high value disposal, and
- (b) the gain or loss accruing on a relevant high value disposal which is not ATED-related.
- (10) In this section—
- “*participant*”, in relation to a relevant collective investment scheme, is to be read in accordance with section 235 of the Financial Services and Markets Act 2000;
- “*relevant collective investment scheme*” means a collective investment scheme within the meaning of Part 17 of that Act (see section 235 of that Act) other than—a unit trust scheme within the meaning of that Part (see section 237(1) of that Act), oran open-ended investment company within the meaning of that Part (see section 236(1) of that Act);
- “*ring-fenced ATED-related allowable losses*”, in relation to a tax year, means—any ATED-related allowable losses accruing to P in the tax year on relevant high value disposals, andso far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any ATED-related allowable losses accruing to P in any previous tax year (not earlier than the tax year 2013-14) on such disposals.
##### 2C
- (1) A disposal on which a gain or loss accrues to P is a “relevant high value disposal” if conditions A to D are met.
- (2) Condition A is that the disposal is of the whole or part of a chargeable interest (“the disposed of interest”).
- (3) Condition B is that the disposed of interest has, at any time during the relevant ownership period, been or formed part of a single-dwelling interest.
- (4) Condition C is that—
- (a) P, or
- (b) if the disposed of interest is a partnership asset, the responsible partners, or
- (c) if the disposed of interest is held for the purposes of a relevant collective investment scheme, the person who has day-to-day control over the management of the property subject to the scheme,
has or have been within the charge to annual tax on enveloped dwellings with respect to that single-dwelling interest on one or more days in the relevant ownership period which are not relievable days in relation to the interest.
- (5) Condition D is that the amount or value of the consideration for the disposal exceeds the threshold amount (see section 2D).
- (6) In this section and section 2D—
- “*chargeable interest*” has the same meaning as in Part 3 of the Finance Act 2013 (annual tax on enveloped dwellings) (see section 107 of that Act (chargeable interest));
- “*dwelling*” has the same meaning as in that Part (see section 112 of that Act);
- “*relevant collective investment scheme*” has the same meaning as in section 2B;
- “*the relevant ownership period*” means the period which begins—if an election has been made under paragraph 5 of Schedule 4ZZA, with the day on which P acquired the chargeable interest or, if later, 31 March 1982, andin any other case, with the day on which P acquired the chargeable interest or, if later, 6 April in the relevant year,and ends with the day before the day on which the disposal occurs;
- “*the relevant year*” means—in Case 1 in paragraph 2 of Schedule 4ZZA, 2013;in Case 2 in that paragraph, 2015;in Case 3 in that paragraph, 2016;
- “*relievable day*” means a day which is “relievable” by virtue of any of the provisions mentioned in section 132 of the Finance Act 2013 (ATED: effect of reliefs) and in respect of which a claim has been made under section 106(3) of that Act;
- “*the responsible partners*” has the same meaning as in section 96 of that Act;
- “*single-dwelling interest*” has the same meaning as in Part 3 of that Act;
and a reference to being “within the charge” to annual tax on enveloped dwellings with respect to a single-dwelling interest is to be read in accordance with section 170(2) of that Act.
- (7) For the purposes of Condition C—
- (a) Part 3 of the Finance Act 2013 applies, in relation to any part of the relevant ownership period falling before 1 April 2013, as if section 94(8)(a) of that Act (first chargeable period for ATED) read “the period beginning with 31 March 1982 and ending with 31 March 1983”, and
- (b) when determining whether any day falling before 1 April in the relevant year is a relievable day, the definition of “relievable day” in subsection (6) above is to read as if the words “and in respect of which a claim has been made under section 106(3) of that Act” were omitted.
##### 2D
- (1) This section applies to determine “*the threshold amount*” in relation to a disposal which meets Conditions A to C in section 2C (“the current disposal”).
- (2) If—
- (a) the current disposal is not a part disposal of an asset, and
- (b) P has not made any relevant related disposals,
the threshold amount is £1 million, subject to subsection (5) (joint interests).
- (3) If paragraphs (a) and (b) of subsection (2) do not both apply, the threshold amount is the relevant fraction of £1 million, subject to subsection (5) (joint interests).
- (4) “The relevant fraction” is—
$$C TMV$where—“C” is the amount or value of the consideration for the current disposal;“TMV” is what would be the market value, at the time of the current disposal, of a notional asset comprising—the disposed of interest (see section 2C(2)),if the current disposal is a part disposal, any part of the chargeable interest held by P that remains undisposed of immediately following that part disposal,any chargeable interest (or part of a chargeable interest) which was the subject of a relevant related disposal, andany chargeable interest (or part of a chargeable interest) held by P at the time of the current disposal which, if P had disposed of it at that time, would have been the subject of a relevant related disposal.$
- (5) If the disposed of interest is a share of the whole of—
- (a) a chargeable interest, or
- (b) a part of a chargeable interest,
subsections (2) and (3) have effect as if the references to “£1 million” were to the joint share fraction of that amount.
- (6) The joint share fraction is the fraction of the whole of the chargeable interest or part represented by the disposed of interest.
- (7) “*Relevant related disposal*”, in relation to the current disposal, means any disposal by P which—
- (a) meets Conditions A to C in section 2C in circumstances where the single-dwelling interest referred to in Condition C is—
- (i) the single-dwelling interest by virtue of which Condition C is met in relation to the current disposal, or
- (ii) another single-dwelling interest in the same dwelling as that interest, and
- (b) was made in the period of 6 years ending with the day on which the current disposal occurs, but not before 6 April 2013.
##### 2E
- (1) This section applies where (ignoring this section)—
- (a) a disposal would be a relevant high value disposal, but for a failure to meet condition D in section 2C,
- (b) if it were a relevant high value disposal, an ATED-related loss would accrue to a person (other than an excluded person) in a tax year on the disposal, and
- (c) the total of the sums allowable as a deduction under section 38 in relation to the disposal exceeds the threshold amount in relation to the disposal.
- (2) For the purposes of this Act—
- (a) the disposal is to be treated as a relevant high value disposal (and section 57A and Schedule 4ZZA apply accordingly), and
- (b) the ATED-related loss which accrues on the disposal is to be restricted to the amount which would have been that loss had the consideration for the disposal been £1 greater than the threshold amount in relation to the disposal.
- (3) In a case where paragraph 2 of Schedule 4ZZA applies (calculation of gains or losses on disposals of assets held on 5 April 2013 etc), the reference in subsection (1)(c) to the disposal is to be read as a reference to the notional disposal referred to in paragraph 3(2) of that Schedule (disposal on which notional post-commencement gain or loss accrues).
- (4) Nothing in subsection (2)(b) restricts any loss which is not ATED-related, or affects any gain (whether or not ATED-related), accruing on the relevant high value disposal.
- (5) In this section—
- “*excluded*” has the meaning given by section 2B(2);
- “*the threshold amount*” has the meaning given by section 2D.
##### 2F
- (1) This section applies to an ATED-related gain which accrues on a relevant high value disposal and is chargeable to capital gains tax by virtue of section 2B.
- (2) There is excluded from the gain so much of it as exceeds five-thirds of the difference between—
- (a) the amount or value of the consideration, and
- (b) the threshold amount (within the meaning of section 2D) in relation to the disposal.
- (3) But where the relevant fraction is less than 1, subsection (2) has effect as if the amount determined under that subsection were the relevant fraction of that amount.
- (4) “The relevant fraction”—
- (a) in a case where the ATED-related gain is determined in accordance with paragraph 3 of Schedule 4ZZA, has the meaning given by paragraph 3(4) of that Schedule, and
- (b) in a case where the ATED-related gain is determined in accordance with paragraph 6 of that Schedule, has the same meaning as in paragraph 6(5)(a) of that Schedule.
- (5) Nothing in this section restricts any gain which is not ATED-related, or affects any loss (whether or not ATED-related), accruing on the relevant high value disposal.
##### 10AA
- (1) Section 10A(2) does not apply to a gain or loss accruing on the disposal by the taxpayer of an asset if—
- (a) the asset was acquired by the taxpayer in the temporary period of non-residence,
- (b) it was so acquired otherwise than by means of a relevant disposal that by virtue of section 58, 73 or 258(4) is treated as having been a disposal on which neither a gain nor a loss accrued,
- (c) the asset is not an interest created by or arising under a settlement, and
- (d) the amount or value of the consideration for the acquisition of the asset by the taxpayer does not fall, by reference to any relevant disposal, to be treated as reduced under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b).
- (2) “*Relevant disposal*” means a disposal of an asset acquired by the person making the disposal at a time when that person was resident in the United Kingdom and was not Treaty non-resident.
- (3) Subsection (1) does not apply if—
- (a) the gain is one that (ignoring section 10A) would fall to be treated by virtue of section 116(10) or (11), 134 or 154(2) or (4) as accruing on the disposal of the whole or part of another asset, and
- (b) that other asset meets the requirements of paragraphs (a) to (d) of subsection (1), but the asset in respect of which the gain actually accrued or would actually accrue does not.
- (4) Nothing in any double taxation relief arrangements is to be read as preventing the taxpayer from being chargeable to capital gains tax in respect of any chargeable gains treated under section 10A as accruing to the taxpayer in the period of return (or as preventing a charge to that tax from arising as a result).
- (5) Nothing in any enactment imposing any limit on the time within which an assessment to capital gains tax may be made prevents any assessment for the year of departure from being made in the taxpayer's case at any time before the end of the second anniversary of the 31 January next following the year of return (as defined in section 10A).
##### 13A
- (1) For the purposes of section 13(5)(b) a disposal of an asset is to be regarded as a disposal of an asset used for the purposes of a trade carried on wholly outside the United Kingdom by a company if—
- (a) the asset is accommodation, or an interest or right in accommodation, which is situated outside the United Kingdom, and
- (b) the accommodation has for each relevant period been furnished holiday accommodation of which a person has made a commercial letting.
- (2) For the purposes of subsection (1)(b) each of the following is “a relevant period”—
- (a) the period of 12 months ending with the date of the disposal and each of the two preceding periods of 12 months, or
- (b) if the company has been the beneficial owner of the accommodation (or interest or right) for a period longer than 36 months, the period of 12 months ending with the date of the disposal and each of the preceding periods of 12 months throughout which the company has been the beneficial owner of the accommodation (or interest or right).
- (3) The reference in subsection (1)(b) to the commercial letting of furnished holiday accommodation is to be read in accordance with Chapter 6 of Part 4 of CTA 2009, but—
- (a) as if sections 266, 268 and 268A were omitted, and
- (b) as if, in section 267(1), the reference to an accounting period were a reference to a relevant period as defined by subsection (2) above.
- (4) For the purposes of section 13(5)(ca) activities carried on by a company are “economically significant activities” if they are activities which consist of the provision by the company of goods or services to others on a commercial basis and involve—
- (a) the use of staff in numbers, and with competence and authority,
- (b) the use of premises and equipment, and
- (c) the addition of economic value, by the company, to those to whom the goods or services are provided,
commensurate with the size and nature of those activities.
- (5) In subsection (4) “*staff*” means employees, agents or contractors of the company.
### Cash basis accounting
##### 47A
- (1) No chargeable gain shall accrue on the disposal of, or of an interest in, an asset if conditions A to D are met in relation to the asset.
- (2) Condition A is that the asset is—
- (a) tangible movable property, and
- (b) a wasting asset.
- (3) Condition B is that, at any time during the period of ownership of the person making the disposal, the asset has been used for the purposes of a trade, profession or vocation carried on by the person.
- (4) Condition C is that an election under section 25A of ITTOIA 2005 (cash basis for small businesses) has effect in relation to the trade, profession or vocation at the time of the disposal.
- (5) Condition D is that—
- (a) any expenditure attributable to the asset or interest under paragraph (a) or (b) of section 38(1) has been brought into account in calculating the profits of the trade, profession or vocation on the cash basis, or
- (b) any of that expenditure would have been so brought into account if an election under section 25A of ITTOIA 2005 had had effect in relation to the trade, profession or vocation at the time the expenditure was paid.
- (6) Subsection (7) applies in the case of the disposal of, or of an interest in, an asset which, in the period of ownership of the person making the disposal—
- (a) has been used partly for the purposes of the trade, profession or vocation and partly for other purposes, or
- (b) has been used for the purposes of the trade, profession or vocation for part of that period.
- (7) In such a case—
- (a) the consideration for the disposal, and any expenditure attributable to the asset or interest by virtue of section 38(1)(a) and (b), shall be apportioned by reference to the extent to which that expenditure was, or (as the case may be) would have been, brought into account as mentioned in subsection (5) above,
- (b) the computation of the gain shall be made separately in relation to the apportioned parts of the expenditure and consideration, and
- (c) subsection (1) above shall apply to any gain accruing by reference to the computation in relation to the part of the consideration apportioned to use for the purposes of the trade, profession or vocation.
##### 47B
- (1) This section applies where—
- (a) a person disposes of, or of an interest in, an asset that has been used for the purposes of a trade, profession or vocation carried on by the person, and
- (b) conditions A and B are met in relation to the trade, profession or vocation.
- (2) Condition A is that—
- (a) any expenditure attributable to the asset or interest under paragraph (a) or (b) of section 38(1) was incurred at a time when an election under section 25A of ITTOIA 2005 (cash basis for small businesses) had effect in relation to the trade, profession or vocation, and
- (b) that expenditure (“the relevant expenditure”) has been brought into account in calculating the profits of the trade, profession or vocation on the cash basis.
- (3) Condition B is that no such election has effect in relation to the trade, profession or vocation at the time of the disposal.
- (4) Section 39 (exclusion of expenditure by reference to tax on income) does not apply in relation to the relevant expenditure.
- (5) Section 41 (restriction of losses by reference to capital allowances and renewals allowances) has effect as if—
- (a) the election mentioned in subsection (2)(a) above had not had effect at the time the relevant expenditure was incurred, and
- (b) the reference in subsection (7) to qualifying expenditure included a reference to expenditure which, if that election had not had effect at that time, would have been qualifying expenditure.
- (6) Section 45 (exemption for certain wasting assets) and section 47 (wasting assets qualifying for capital allowances) have effect as if the election mentioned in subsection (2)(a) above had not had effect at the time the relevant expenditure was incurred.
Accordingly, any reference in those sections to expenditure qualifying for capital allowances is to be read as a reference to expenditure that would, in the absence of the election, have qualified for such allowances.
### Chapter 5 — Computation of gains and losses: relevant high value disposals
##### 57A
- (1) Schedule 4ZZA makes provision about the computation of gains and losses on relevant high value disposals, including provision about whether a gain or loss is ATED-related or not.
- (2) But if the effect of Schedule 4ZZA applying in relation to a disposal would be that no ATED-related gain or loss accrues on the disposal, for the purposes of this Act the gain or loss on the disposal is to be computed ignoring that Schedule (and is not ATED-related).
- (3) Subsection (2) does not apply where Part 4 of Schedule 4ZZB applies (non-resident CGT disposals which are or involve relevant high value disposals).
##### 100A
- (1) ATED-related gains accruing on relevant high value disposals made by an EEA UCITS which is not an open-ended investment company or a unit trust scheme are not chargeable gains under section 2B.
- (2) In this section—
- “*EEA UCITS*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 237 of that Act);
- “unit trust scheme” has same meaning as in that Part (see section 237(1) of that Act);
- “*open-ended investment company*” has the same meaning as in that Part (see section 236(1) of that Act).
### Transfer of business from company to shareholders
##### 162B
- (1) This section applies where—
- (a) a company transfers its business to some or all of the shareholders of the company, and
- (b) a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013.
- (2) The disposal and acquisition of any qualifying asset of the business included in the transfer is to be deemed to be for a consideration equal to the lower of—
- (a) the sums allowable under section 38 as a deduction in the computation of the gain accruing to the company on the disposal of the asset in question, and
- (b) the market value of the asset.
- (3) In subsection (2) a “*qualifying asset*” means—
- (a) goodwill, or
- (b) an interest in land which is not held as trading stock.
- (4) But subsection (2) does not apply to the goodwill of the business if section 162C applies to it.
##### 162C
- (1) This section applies where—
- (a) a company transfers its business to some or all of the shareholders of the company,
- (b) a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013, and
- (c) section 849A of CTA 2009 (disincorporation relief: transfer values for post-FA 2002 goodwill) applies to the transfer of the goodwill of the business.
- (2) The acquisition of the goodwill of the business is deemed to be for a consideration equal to the value at which the goodwill is treated as transferred by virtue of section 849A of CTA 2009.
##### 187A
- (1) This section applies if—
- (a) (ignoring subsections (2) and (3)) a gain or loss would accrue to a company on a disposal of an asset deemed to have been made by virtue of section 185(2), and
- (b) that gain or loss is an ATED-related gain chargeable to, or an ATED-related loss allowable for the purposes of, capital gains tax under section 2B.
- (2) That gain or loss does not accrue to the company on that disposal.
- (3) But, on a subsequent disposal of the whole or part of the asset, the whole or a corresponding part of the gain or loss—
- (a) is deemed to accrue to the company (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an ATED-related gain or loss accruing on a relevant high value disposal.
- (4) Nothing in this section affects the treatment, for the purposes of this Act, of any gain or loss which is not ATED-related and accrues on the disposal of the asset deemed to have been made by virtue of section 185(2).
##### 263AA
- (1) Subsections (2) to (7) apply for the purposes of section 263A.
- (2) References to buying back securities include references to—
- (a) buying similar securities, and
- (b) in the case of a person connected with the person who is the original owner under the repo, buying the securities sold by the original owner or similar securities.
- (3) Subsection (2) applies even if the person buying the securities has not held them before.
- (4) References to repurchase or a repurchaser are to be read accordingly.
- (5) For the purposes of subsection (2) securities are similar if they give their holders—
- (a) the same rights against the same persons as to capital and distributions, interest and dividends, and
- (b) the same remedies to enforce those rights.
- (6) Subsection (5) applies even if there is a difference in—
- (a) the total nominal amounts of the securities,
- (b) the form in which they are held, or
- (c) the manner in which they can be transferred.
- (7) Agreements are related if they are entered into in pursuance of the same arrangement (regardless of the date on which either agreement is entered into).
- (8) In section 263A and this section “*securities*” means—
- (a) shares in a company wherever resident,
- (b) loan stock or other securities of—
- (i) the government of the United Kingdom,
- (ii) a local authority in the United Kingdom,
- (iii) another public authority in the United Kingdom,
- (iv) a company resident in the United Kingdom or other body resident in the United Kingdom, or
- (c) shares, loan stock, stock or other securities issued by—
- (i) a government, local authority or other public authority of a territory outside the United Kingdom, or
- (ii) another body of persons not resident in the United Kingdom.
#### Shares not exempt if shareholder or connected person has material interest in company
#### Small part disposals.
#### Hold-over relief for gains re-invested in social enterprises
## SCHEDULE 4ZZA
### Introductory
##### 1
- (1) This Schedule applies for the purposes of determining in relation to a relevant high value disposal made by a person (“P”)—
- (a) whether a gain or loss which is ATED-related accrues to P on the disposal, and
- (b) whether a gain or loss which is not ATED-related accrues to P on the disposal.
- (2) See also Part 4 of Schedule 4ZZB, which—
- (a) makes provision about non-resident CGT disposals which are, or involve, relevant high value disposals, and
- (b) includes provision about the computation of gains or losses on such disposals which are neither NRCGT gains or losses (as defined in section 57B and Schedule 4ZZB) nor ATED-related.
### Assets held on 5 April 2013, 5 April 2015 or 5 April 2016: no paragraph 5 election
##### 2
- (1) In Cases 1 to 3 below—
- (a) paragraph 3 applies for the purposes of computing the gain or loss accruing to P which is ATED-related, and
- (b) paragraph 4 applies for the purposes of computing the gain or loss accruing to P which is not ATED-related.
See also the special rule in paragraph 6 (which takes precedence over paragraphs 3 and 4 where it applies).
- (2) Case 1 is that—
- (a) the interest disposed of was held by P on 5 April 2013, and
- (b) neither Case 2 nor Case 3 applies.
- (3) Case 2 is that—
- (a) the interest disposed of was held by P on 5 April 2015,
- (b) Case 3 does not apply, and
- (c) no relevant single dwelling interest was subject to ATED on one or more days in the period ending with 31 March 2015 during which P held the interest disposed of.
- (4) Case 3 is that—
- (a) the interest disposed of was held by P on 5 April 2016, and
- (b) no relevant single dwelling interest was subject to ATED on one or more days in the period ending with 31 March 2016 during which P held the interest disposed of.
- (5) For the purposes of this paragraph—
- (a) “*relevant single-dwelling interest*” means the single-dwelling interest by reference to which Condition B in section 2C is met in relation to the relevant high value disposal, or, if Condition B is met by reference to more than one such interest, each of them;
- (b) a relevant single dwelling interest is “subject to ATED” on a day if P—
- (i) was within the charge to annual tax on enveloped dwellings with respect to that interest on that day, or
- (ii) would have been within that charge but for the day being “relievable” by virtue of any of the provisions mentioned in section 132 of the Finance Act 2013 (ATED: effect of reliefs).
- (6) In paragraphs 3 and 4, “*the relevant year*” means—
- (a) in relation to Case 1, 2013;
- (b) in relation to Case 2, 2015;
- (c) in relation to Case 3, 2016.
##### 3
- (1) An amount equal to the relevant fraction of the notional post-commencement gain or loss is the ATED-related gain or loss (as the case may be).
- (2) “*Notional post-commencement gain or loss*” means the gain or loss which (in the absence of section 2B and this Schedule) would have accrued on the relevant high value disposal had P acquired the interest on 5 April in the relevant year for a consideration equal to its market value on that date.
- (3) For the purposes of sub-paragraph (2), the amount of the gain or loss accruing to P is to be computed (whether or not that would otherwise be the case) as if P were within the charge to capital gains tax (but not within the charge to corporation tax on chargeable gains).
- (4) “The relevant fraction” is—
$$CD TD$where—“CD” is the number of days in the relevant ownership period which are ATED chargeable days;“TD” is the total number of days in the relevant ownership period.$
- (5) “*The relevant ownership period*” means the period beginning with 6 April in the relevant year and ending with the day before the day on which the relevant high value disposal occurs.
- (6) “*ATED chargeable day*” means any day by virtue of which condition C in section 2C(4) is met in relation to the relevant high value disposal.
##### 4
- (1) The gain or loss accruing on the relevant high value disposal which is not ATED-related is computed as follows.
- *Step 1* Determine the amount of the notional pre-commencement gain or loss.
- *Step 2* In a case where there is a notional post-commencement gain—determine the amount of that gain remaining after the deduction of the ATED-related gain determined under paragraph 3, andadjust that remaining gain by reducing it by the notional indexation allowance.
- *Step 3* In a case where there is a notional post-commencement loss, determine the amount of that loss remaining after deduction of the ATED-related loss determined under paragraph 3.
- *Step 4* Add—the amount of any gain or loss determined under Step 1, andthe amount of any adjusted gain determined under Step 2 or (as the case may be) any loss determined under Step 3,(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the gain on the relevant high value disposal which is not ATED-related.
If the result is a negative amount, that amount (expressed as a positive number) is the loss on the relevant high value disposal which is not ATED-related.
- (2) “*The notional pre-commencement gain or loss*” means the gain or loss which would have accrued on 5 April in the relevant year had the interest been disposed of for a consideration equal to its market value on that date.
- (3) For the purposes of sub-paragraph (2), the amount of the gain or loss accruing to P is to be computed (whether or not that would otherwise be the case) as if P were within the charge to corporation tax on chargeable gains (but not within the charge to capital gains tax).
- (4) Paragraph 3(2) and (3) (meaning of “notional post-commencement gain or loss”) also applies for the purposes of this paragraph.
- (5) “*Notional indexation allowance*” means the relevant fraction of an amount equal to the difference between—
- (a) the indexation allowance which (in the absence of section 2B and this Schedule) would be made under Chapter 4 of Part 2 in determining the gain accruing on the relevant high value disposal were that gain being computed for corporation tax purposes, and
- (b) the indexation allowance which is made under Chapter 4 of Part 2 in determining the notional pre-commencement gain.
- (6) “The relevant fraction” is—
$$TD – CD TD$where “*CD*” and “*TD*” have the same meaning as in paragraph 3(4).$
### Election for paragraph 2 to 4 not to apply to a chargeable interest
##### 5
- (1) A person may make an election under this paragraph for paragraphs 2 to 4 not to apply in relation to a chargeable interest held by (or any part of which is held by) the person on 5 April in the relevant year.
- (2) An election is irrevocable.
- (3) An election must be made by being included in a tax return under the Management Act for the tax year in which the first relevant high value disposal by the person of the chargeable interest (or any part of it) on or after 6 April in the relevant year occurs.
- (3A) An election made in relation to an asset under paragraph 2(1)(b) of Schedule 4ZZB (disposals by non-residents etc of UK residential property interests: gains and losses) also has effect as an election made under this paragraph in relation to the asset.
- (4) The reference in sub-paragraph (3) to an election being included in a return includes an election being included by virtue of an amendment of the return.
- (5) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to an election.
- (6) In this paragraph—
- “*chargeable interest*” has the same meaning as in Part 3 of the Finance Act 2013 (annual tax on enveloped dwellings) (see section 107 of that Act);
- “*relevant year*” has the meaning given by paragraph 2.
### Cases where election made or or none of Cases 1 to 3 apply
##### 6
- (1) This paragraph applies if—
- (a) an election is made by P under paragraph 5 in respect of the chargeable interest which (or a part of which) is the subject of the relevant high value disposal, or
- (b) none of Cases 1, 2 and 3 in paragraph 2 applies to the disposal.
- (2) The ATED-related gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which would accrue to P, ignoring section 2B and this Schedule (but not the remainder of this Step). For this purpose, the amount of the gain or loss is to be computed (whether or not that would otherwise be the case) as if P were within the charge to capital gains tax (but not within the charge to corporation tax on chargeable gains).
- *Step 2* An amount equal to the relevant fraction of that gain or loss is the ATED-related gain or loss accruing on the relevant high value disposal.
- (3) The gain or loss accruing on the relevant high value disposal which is not ATED-related is to be computed as follows.
- *Step 1* In a case where there is a gain under Step 1 of sub-paragraph (2)—determine the amount of the gain remaining after the deduction of the ATED-related gain, andadjust the remaining gain by reducing it by an amount equal to the notional indexation allowance.That adjusted gain is the gain accruing on the relevant high value disposal which is not ATED-related.
- *Step 2* In a case where there is a loss under Step 1 of sub-paragraph (2), determine the amount of the loss remaining after deduction of the ATED-related loss. That remaining loss is the loss accruing on the relevant high value disposal which is not ATED-related.
- (4) “*Notional indexation allowance*” means the relevant fraction of the indexation allowance which would be made under Chapter 4 of Part 2 in determining the gain under Step 1 in sub-paragraph (2) were that gain being computed for corporation tax purposes.
- (5) Subject to sub-paragraph (6), “the relevant fraction”—
- (a) in sub-paragraph (2) has the same meaning as in paragraph 3(4), and
- (b) in sub-paragraph (4) has the same meaning as in paragraph 4(6).
- (6) For the purpose of determining the relevant fraction under sub-paragraph (5), paragraph 3(5) has effect as if the relevant ownership period began on the day on which P acquired the interest or, if later, 31 March 1982.
### Adjustments of ATED chargeable days
##### 7
- (1) This paragraph applies where, as a result of a claim under section 106(3) of the Finance Act 2013 (adjustment of chargeable amount), or an amendment of or adjustment to such a claim, there is an alteration in the number of ATED chargeable days.
- (2) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to any change in liability to tax as a result of that alteration.
##### 10A
Section 161(3ZB)(a) and (b) does not apply to a loss if, in the absence of an election under section 161(3ZA), the loss would have been a pre-entry loss.
### Employee shareholders
##### 236B
- (1) A gain which accrues on the first disposal of an exempt employee shareholder share is not a chargeable gain.
- (2) A share is an exempt employee shareholder share if it is—
- (a) an employee shareholder share, and
- (b) exempt in accordance with sections 236C and 236D.
- (3) In this section and sections 236C to 236G—
- shares are “acquired” by an employee if the employee becomes beneficially entitled to them (and they are acquired at the time when the employee becomes so entitled);
- “*employee shareholder share*” means a share acquired in consideration of an employee shareholder agreement and held by the employee;
- “*employee shareholder agreement*” means an agreement by virtue of which an employee is an employee shareholder (see section 205A(1)(a) to (d) of the Employment Rights Act 1996);
- “employee” and “*employer company*”, in relation to an employee shareholder agreement, mean the individual and the company which enter into the agreement.
##### 236C
- (1) An employee shareholder share acquired in consideration of an employee shareholder agreement (“*the relevant agreement*”) is exempt for the purposes of section 236B only if, immediately after its acquisition, the total value of qualifying shares which have been acquired by the employee does not exceed £50,000.
- (2) “*Qualifying share*” means an employee shareholder share in—
- (a) the employer company in relation to the relevant agreement, or
- (b) an associated company of that company,
which is acquired by the employee in consideration of an agreement within subsection (3).
- (3) An agreement is within this subsection if it is—
- (a) the relevant agreement,
- (b) another employee shareholder agreement with the same employer company, or
- (c) an employee shareholder agreement with an associated company of that company.
- (4) For the purposes of this section—
- (a) a company is an “associated company” of another if—
- (i) one of the two has control of the other, or
- (ii) both are under the control of the same person or persons, and
- (b) if a company controls another when an employee shareholder agreement is entered into with the employee, paragraph (a) applies as if that continued to be the case (in addition to any other circumstances) when any subsequent employee shareholder agreement is entered into with that employee.
- (5) But subsection (4)(b) does not apply as between two companies if—
- (a) one of the companies has been dissolved,
- (b) the period of two years beginning with the date of the dissolution has passed, and
- (c) the employee has not, at any time in that period, been engaged in any office or employment (including engagement under a contract for services) with any company which is an associated company of the dissolved company.
- (6) If a number of qualifying shares are acquired by an employee on a day and—
- (a) before that day, the value of qualifying shares that have been acquired by the employee does not exceed £50,000, and
- (b) at the end of that day, that value does exceed that sum,
the appropriate proportion of the shares (rounded down, if necessary, to the nearest share) is to be treated for the purposes of subsection (1) as having been acquired separately and before the others.
- (7) The “appropriate proportion” is the following—
$$50000 – B T$where—B is the value of qualifying shares acquired before the day;T is the total value of qualifying shares acquired on the day.$
- (8) For the purposes of this section, the value of a share (at any time) is its unrestricted market value at the time when it was acquired by the employee.
- (9) The unrestricted market value of a share when it is acquired by an employee is what the market value of the share would be immediately after the acquisition, but for any restriction.
For this purpose “*restriction*” has the meaning given by section 432(8) of ITEPA 2003 (restricted securities for the purposes of Chapter 2 of Part 7 of that Act).
##### 236D
- (1) An employee shareholder share is not exempt for the purposes of section 236B if, on the date on which the share is acquired—
- (a) the employee has a material interest in the employer company or a relevant parent undertaking, or
- (b) the employee is connected with an individual who has a material interest in the employer company or a relevant parent undertaking.
- (2) An employee shareholder share is not exempt for the purposes of section 236B if—
- (a) at any time in the period of one year ending with the date on which the share is acquired, the employee had a material interest in the employer company or a relevant parent undertaking, or
- (b) on the date on which the share is acquired, the employee is connected with an individual who, at any time in the period of one year ending with that date, had a material interest in the employer company or a relevant parent undertaking.
- (3) Subsections (4) and (5) define “*material interest*” for the purposes of this section.
Those subsections must be read together with subsections (6) to (8).
- (4) An individual (“A”) has a material interest in a company if at least 25% of the voting rights in the company are exercisable—
- (a) by A,
- (b) by persons connected with A, or
- (c) by A and persons connected with A together.
- (5) If a company is a close company, an individual (“A”) has a material interest in it if—
- (a) A,
- (b) persons connected with A, or
- (c) A and persons connected with A together,
possess such rights as would, in the event of the winding up of the company or in any other circumstances, give an entitlement to receive at least 25% of the assets that would then be available for distribution among the participators.
- (6) For the purposes of subsection (1), A is to be treated as having a material interest in a company at any time if either of the following conditions is met.
- (7) The first condition is that—
- (a) A,
- (b) persons connected with A, or
- (c) A and persons connected with A together,
have an entitlement to acquire such rights as would (together with any existing rights) give A a material interest in the company.
- (8) The second condition is that there are arrangements in place between—
- (a) the employer company or a relevant parent undertaking, and
- (b) A, or persons connected with A, or A and persons connected with A together,
which enable A or those persons to acquire such rights as would (together with any existing rights) give A a material interest in the company.
- (9) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*close company*” includes a company that would be a close company but for—section 442(a) of CTA 2010 (exclusion of companies not resident in the United Kingdom), orsections 446 and 447 of CTA 2010 (exclusion of certain quoted companies);
- “*relevant parent undertaking*” means any parent undertaking of the employer company and for this purpose “*parent undertaking*” is to be read in accordance with section 1162 of the Companies Act 2006.
##### 236E
- (1) Sections 104 (share pooling), 105 (disposal on or before acquisition) and 106A (identification of securities) do not apply to exempt employee shareholder shares.
- (2) Subsection (3) applies where—
- (a) an employee holds shares of the same class in a company,
- (b) some, but not all, of the shares are exempt employee shareholder shares, and
- (c) the employee disposes of some, but not all, of the shares in that holding.
- (3) Where this subsection applies—
- (a) the employee may determine what proportion of the shares disposed of are to be treated as exempt employee shareholder shares (up to the number of such shares which the employee holds), and
- (b) the consideration received for the shares disposed of is to be apportioned accordingly.
- (4) For the purposes of this section shares in a company are not to be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
##### 236F
- (1) Section 127 (equation of original shares and new holding on reorganisation) does not apply to exempt employee shareholder shares.
- (2) The reference in subsection (1) to section 127 includes that section as applied by sections 135 and 136 (other company reconstructions).
##### 236G
- (1) This section applies where an individual has acquired shares in consideration of entering into an employee shareholder agreement.
- (2) The individual is not to be regarded as disposing of an asset by reason of the individual ceasing to have, or not acquiring, the rights mentioned in section 205A of the Employment Rights Act 1996 (rights which an employee shareholder does not have) in consequence of entering into the agreement.
#### Prevention of double charge.
#### Only first £50,000 of shares under associated agreements to be exempt
#### Treating trade loss etc as CGT loss
#### Consideration payable by instalments.
#### Application of section 255B(2) where SI relief has been reduced
### Employee-ownership trusts
##### 236H
- (1) This section applies where—
- (a) a person other than a company (“P”) disposes of any ordinary share capital of a company (“C”) to the trustees of a settlement,
- (b) the relief requirements are met, and
- (c) P makes a claim under this section.
- (2) Section 17(1) (disposals and acquisitions treated as made at market value) does not apply to the disposal.
- (3) The disposal, and the acquisition by the trustees, are to be treated for the purposes of this Act as being made for such consideration as to secure that neither a gain nor a loss accrues on the disposal.
- (4) “The relief requirements” are—
- (a) that C meets the trading requirement (see section 236I) at the time of the disposal and continues to meet that requirement for the remainder of the tax year in which that time falls,
- (b) that the settlement meets the all-employee benefit requirement at the time of the disposal and continues to meet that requirement for the remainder of the tax year in which that time falls (see sections 236J to 236L and subsection (5) of this section),
- (c) that the settlement does not meet the controlling interest requirement (see section 236M) immediately before the beginning of the tax year in which the disposal occurs, but—
- (i) it meets that requirement at the end of that tax year, and
- (ii) if it met the requirement at an earlier time in that tax year (whether before or after the time of the disposal) it continued to meet it throughout the remainder of that tax year,
- (d) that the limited participation requirement is met (see section 236N), and
- (e) that this section does not apply in relation to any related disposal by P or a person connected with P which occurs in an earlier tax year.
- (5) For the purposes of subsection (4)(b)—
- (a) unless the settlement met the all-employee benefit requirement by virtue of section 236L (cases in which all-employee benefit requirement treated as met) at the time of the disposal, that section does not apply for the purposes of determining whether the settlement continues to meet that requirement after the disposal, and
- (b) if, at the time of the disposal, the settlement met that requirement by virtue of section 236L and later continues to meet it otherwise than by virtue of that section, it may not again meet the requirement by virtue of that section.
- (6) A disposal in an earlier tax year is “related” to the disposal in question if—
- (a) both disposals are of ordinary share capital of the same company, or
- (b) the disposal in the earlier tax year is of ordinary share capital of a company which is, or at the time of that disposal was, a member of the same group as the company whose ordinary share capital is the subject of the disposal in question.
- (7) A claim under this section must include—
- (a) information to identify the settlement,
- (b) C’s name and the address of its registered office, and
- (c) the date of the disposal and the number of shares disposed of.
- (8) Section 236O makes provision about events which prevent a claim being made under this section and circumstances in which a claim is revoked.
##### 236I
- (1) C meets the trading requirement if C is—
- (a) a trading company which is not a member of a group, or
- (b) the principal company of a trading group.
- (2) “Trading company” means a company carrying on trading activities whose activities do not include to a substantial extent activities other than trading activities.
- (3) “Trading group” means a group—
- (a) one or more of whose members carry on trading group activities, and
- (b) the activities of whose members, taken together, do not include to a substantial extent activities other than trading group activities.
- (4) In this section—
- “trading activities” means activities carried on by the company in the course of, or for the purposes of, a trade being carried on by it;
- “trading group activities” means activities carried on by a member of the group in the course of, or for the purposes of, a trade being carried on by any member of the group.
- (5) For the purposes of determining whether C is a trading company or the principal company of a trading group—
- (a) the activities of the members of a group are to be treated as one business (with the result that activities are disregarded to the extent that they are intra-group activities), and
- (b) a business carried on by a company in partnership with one or more other persons is to be treated as not being a trading activity or a trading group activity.
##### 236J
- (1) A settlement meets the all-employee benefit requirement if the trusts of the settlement—
- (a) do not permit any of the settled property to be applied, at any time, otherwise than for the benefit of all the eligible employees on the same terms,
- (b) do not permit the trustees at any time to apply any of the settled property—
- (i) by creating a trust, or
- (ii) by transferring property to the trustees of any settlement other than by an authorised transfer,
- (c) do not permit the trustees at any time to make loans to beneficiaries of the trusts, and
- (d) do not permit the trustees or any other person at any time to amend the trusts in a way such that the amended trusts would not comply with one or more of paragraphs (a) to (c).
- (2) Section 236K makes provision about the requirement in subsection (1)(a).
- (3) “Eligible employee” means—
- (a) if C meets the trading requirement by virtue of section 236I(1)(a), any individual who is employed by, or is an office-holder of, C, and
- (b) if C meets the trading requirement by virtue of section 236I(1)(b), any individual who is employed by, or is an office-holder of, a relevant group company,
but does not include an excluded participator.
- (4) But where—
- (a) C has ceased to meet the trading requirement or the trustees have ceased to hold any shares in C (or both), and
- (b) a person was an eligible employee at any time during the period of two years ending immediately before that event (or, where both have occurred, the earlier of them),
that person continues to be an “eligible employee”.
- (5) “Excluded participator” means—
- (a) a person who is a participator in C, or, where C meets the trading requirement by virtue of section 236I(1)(b), in any relevant group company,
- (b) any other person who is a participator in any close company that has made a disposition whereby property became comprised in the same settlement, being a disposition which but for section 13 or 13A of the Inheritance Tax Act 1984 (dispositions by close companies for benefit of employees or to employee-ownership trusts) would have been a transfer of value for the purposes of inheritance tax,
- (c) any other person who has been a participator in any company mentioned in paragraph (a) or (b) at any time on or after the look-back date, or
- (d) any person who is connected with any person within paragraph (a), (b) or (c).
- (6) The participators in a company who are referred to in subsection (5) do not include any participator who—
- (a) is not beneficially entitled to, or to rights entitling the participator to acquire, 5% or more of, or of any class of the shares comprised in, the company’s share capital, and
- (b) on a winding-up of the company would not be entitled to 5% or more of its assets.
- (7) In this section—
- “*pre-change asset*” means an asset which is pre-change asset for the purposes of section 184A or 184B,
- “*securities*” does not include relevant securities as defined in section 108 but, subject to that, means—shares or securities of a company, andany other assets where they are of a nature to be dealt in without identifying the particular assets disposed of or acquired.
- (8) For the purposes of this section, shares or securities of a company are not to be treated as being of the same class unless—
- (a) they are so treated by the practice of a recognised stock exchange, or
- (b) they would be so treated if dealt with on a recognised stock exchange.
##### 184G
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied.
- (2) Condition A is that a receipt or other amount arises to a company directly or indirectly in consequence of, or otherwise in connection with, any arrangements.
- “authorised transfer” means a transfer of property consisting of or including any ordinary share capital of a company (“the transferred company”) where—the transferred company meets the trading requirement, andthe transfer is made to the trustees of a settlement which—meets the controlling interest requirement with respect to the transferred company immediately after the transfer, andmeets the all-employee benefit requirement with respect to the transferred company (ignoring section 236L),and for this purpose references to “C” in sections 236I, 236M and 236T and this section are to be read as references to the transferred company,
- “close company” and “participator” have the same meaning as in Part 4 of the Inheritance Tax Act 1984 (see section 102 of that Act), and references to a participator in a company are, in the case of a company which is not a close company, to be construed as references to a person who would be a participator in the company if it were a close company,
- “the look-back date” means the first day of the period of 10 years ending with whichever is later of—10 December 2013, andthe day on which any property first became comprised in the settlement, and
- “relevant group company” means C or any other company which is a member of the group of which C is the principal company.
- (8) In this section references to the settled property include references to any income arising from it.
- (9) See section 236L for cases where the all-employee benefit requirement is treated as met.
##### 236K
- (1) The requirement in section 236J(1)(a) (“the equality requirement”) is not infringed by the trusts by reason only that they—
- (a) permit the settled property to be applied, where an eligible employee has died, as if a surviving spouse, civil partner or dependant of the deceased person were the eligible employee (and continued to be employed) for a period of 12 months, or such shorter period as the trusts may provide, starting with the time of death,
- (b) prevent the settled property being applied for the benefit of persons who have not been eligible employees for a continuous period of 12 months or such shorter period as the trusts may provide,
- (c) permit the trustees to comply with a written request from a person that the trustees do not apply any of the settled property for the benefit of that person, or
- (d) prevent the settled property being applied for the benefit of all persons who are eligible employees by reason only that they are office-holders.
- (2) The equality requirement is not infringed by the trusts by reason only that, in addition to requiring the settled property to be applied for the benefit of all the eligible employees on the same terms, they also permit the settled property to be applied for charitable purposes.
- (3) Subject to subsections (1) and (2), the equality requirement is infringed by the trusts if they permit the settled property to be applied by reference to factors other than those mentioned in subsection (4).
- (4) The equality requirement is not infringed by the trusts by reason only that they permit the settled property to be applied for the benefit of all the eligible employees by reference to—
- (a) an eligible employee’s remuneration,
- (b) an eligible employee’s length of service, or
- (c) hours worked by an eligible employee;
but this is subject to subsections (5) and (6).
- (5) The equality requirement is infringed by the trusts if they permit any of the settled property to be applied on terms such that some (but not all) eligible employees receive no benefits (other than by virtue of subsection (1)(b), (c) and (d)).
- (6) If any of the settled property is applied by reference to more than one of the factors mentioned in subsection (4), the equality requirement is infringed unless—
- (a) each factor gives rise to a separate entitlement related to the level of remuneration, length of service or (as the case may be) hours worked, and
- (b) the total entitlement is the sum of those separate entitlements.
- (7) “Eligible employee” has the same meaning as in section 236J.
- (8) In this section, references to the settled property include references to any income arising from it.
##### 236L
- (1) A settlement which would not otherwise meet the all-employee benefit requirement at any time is treated as meeting that requirement at that time if—
- (a) the settlement was created before 10 December 2013,
- (b) on that date—
- (i) section 86 of the Inheritance Tax Act 1984 (trusts for the benefit of employees) applied to the settled property,
- (ii) the trustees held a significant interest in C, and
- (iii) the settlement did not meet the all-employee benefit requirement (ignoring this section), and
- (c) the trustees of the settlement do not, during the period of 12 months ending with the time in question, do any of the following—
- (i) apply any of the settled property otherwise than for the benefit of all eligible employees on the same terms,
- (ii) apply any of the settled property by creating a trust,
- (iii) apply any of the settled property by transferring property to the trustees of any settlement other than by an authorised transfer, or
- (iv) make loans to beneficiaries of the trusts of the settlement.
- (2) The trustees held a significant interest in C on 10 December 2013 if on that date—
- (a) they—
- (i) held 10% or more of the ordinary share capital of C, and
- (ii) had powers of voting on all questions affecting C as a whole which, if exercised, would have yielded 10% or more of the votes capable of being exercised on them,
- (b) they were entitled to 10% or more of the profits available for distribution to the equity holders of C,
- (c) they would have been entitled, on a winding up of C, to 10% or more of the assets of C available for distribution to equity holders, and
- (d) there were no provisions in any agreement or instrument affecting C’s constitution or management or its shares or securities whereby the condition in paragraph (a), (b) or (c) could cease to be satisfied without the consent of the trustees.
See section 236T for further provision relating to the holding of a significant interest.
- (3) Subsections (3) to (8) of section 236J apply for the purposes of this section.
- (4) The requirement in subsection (1)(c)(i) (“the behaviour requirement”) is not infringed by reason only that the trustees of the settlement—
- (a) apply any of the settled property, where an eligible employee has died, as if a surviving spouse, civil partner or dependant of the deceased person were the eligible employee (and continued to be employed) for a period of 12 months, or such shorter period as the trustees may determine, starting with the time of death,
- (b) only apply the settled property for the benefit of persons who have been eligible employees for a continuous period of 12 months or such shorter period as the trustees may determine,
- (c) comply with a written request from a person that the trustees do not apply any of the settled property for the benefit of that person, or
- (d) have complied with the terms of the trusts of the settlement which prevent the settled property being applied for the benefit of some or all of the persons who are eligible employees by reason only that they are office-holders.
- (5) The behaviour requirement is not infringed by reason only that, in addition to applying any of the settled property for the benefit of all the eligible employees on the same terms, the trustees also apply any of it for charitable purposes.
- (6) Subject to subsections (4) and (5), the behaviour requirement is infringed by the trustees if they apply the settled property by reference to factors other than those mentioned in subsection (7).
- (7) The behaviour requirement is not infringed by the trustees applying the settled property for the benefit of all the eligible employees by reference to—
- (a) an eligible employee’s remuneration,
- (b) an eligible employee’s length of service, or
- (c) hours worked by an eligible employee;
but this is subject to subsections (8) and (9).
- (8) The behaviour requirement is infringed if any of the settled property is applied by the trustees on terms such that some (but not all) eligible employees receive no benefits (other than as mentioned in subsection (4)(b), (c) and (d)).
- (9) If the trustees apply any of the settled property by reference to more than one of the factors mentioned in subsection (7), the behaviour requirement is infringed unless—
- (a) each factor gives rise to a separate entitlement related to the level of remuneration, length of service or (as the case may be) hours worked, and
- (b) the total entitlement is the sum of those separate entitlements.
##### 236M
- (1) A settlement meets the controlling interest requirement if—
- (a) the trustees—
- (i) hold more than 50% of the ordinary share capital of C, and
- (ii) have powers of voting on all questions affecting C as a whole which, if exercised, would yield a majority of the votes capable of being exercised on them,
- (b) the trustees are entitled to more than 50% of the profits available for distribution to the equity holders of C,
- (c) the trustees would be entitled, on a winding up of C, to more than 50% of the assets of C available for distribution to equity holders, and
- (d) there are no provisions in any agreement or instrument affecting C’s constitution or management or its shares or securities whereby the condition in paragraph (a), (b) or (c) can cease to be satisfied without the consent of the trustees.
- (2) See section 236T for further provision relating to the controlling interest requirement.
##### 236N
- (1) The limited participation requirement is met if Conditions A and B are met.
- (2) Condition A is that there was no time in the period of 12 months ending immediately after the disposal mentioned in section 236H(1) when—
- (a) P was a participator in C, and
- (b) the participator fraction exceeded 2/5.
- (3) Condition B is that the participator fraction does not exceed 2/5 at any time in the period beginning with that disposal and ending at the end of the tax year in which it occurs.
- (4) But a time which falls in a period during which the participator fraction exceeded 2/5 is to be disregarded for the purposes of subsection (2)(b) and (3) if—
- (a) that period lasts no more than 6 months, and
- (b) the fraction exceeded 2/5 during that period by reason of events outside the reasonable control of the trustees.
- (5) “The participator fraction” means—
$$NPNE$where—NP is the sum of—the number of persons who at the time in question are both—participators in C, andemployees of, or office-holders in, C, andthe number of other persons who at that time are both—employees of, or office-holders in, C or, if C is the principal company of a trading group, any member of the group, andconnected with persons within paragraph (a);NE is the number of persons who at that time are employees of C or, if C is the principal company of a trading group, any member of the group.$
- (6) The participators in C who are referred to in subsections (2) and (5) do not include any participator who—
- (a) is not beneficially entitled to, or to rights entitling the participator to acquire, 5% or more of, or of any class of the shares comprised in, C’s share capital, and
- (b) on a winding-up of C would not be entitled to 5% or more of its assets.
- (7) In this section—
- (a) “participator” has the meaning given by section 454 of CTA 2010, and
- (b) references to a participator in a company are, in the case of a company which is not a close company (within the meaning of Chapter 2 of Part 10 of that Act), to be construed as references to a person who would be a participator in the company if it were a close company.
##### 236O
- (1) This section applies where—
- (a) a disposal is made in circumstances where paragraphs (a) and (b) of section 236H(1) are satisfied, and
- (b) one or more disqualifying events occur in relation to the disposal in the tax year following the tax year in which the disposal occurs.
- (2) A “disqualifying event” occurs in relation to the disposal if and when—
- (a) C ceases to meet the trading requirement,
- (b) the settlement ceases to meet the all-employee benefit requirement,
- (c) the settlement ceases to meet the controlling interest requirement,
- (d) the participator fraction exceeds 2/5, or
- (e) the trustees act in a way which the trusts, as required by the all-employee benefit requirement, do not permit.
- (3) No claim for relief under section 236H may be made in respect of the disposal on or after the day on which the disqualifying event (or, if more than one, the first of them) occurs.
- (4) Any claim for relief under section 236H made in respect of the disposal before that day is revoked, and the chargeable gains and allowable losses of any person for any chargeable period are to be calculated as if that claim had never been made.
- (5) Such adjustments must be made in relation to any person, whether by the making of assessments or otherwise, as are required to give effect to subsection (4) (regardless of any limitation on the time within which any adjustment may be made).
- (6) Section 236H(5) (restrictions on application of section 236L) applies for the purposes of subsection (2)(b).
- (7) Section 236N(4) applies for the purposes of subsection (2)(d) as it applies in relation to section 236N(2)(b) and (3).
##### 236P
- (1) Where the trustees of a settlement acquire any ordinary share capital in a tax year in circumstances where section 236H applies, subsection (3) applies on the first occasion, after the end of the tax year following the tax year in which the acquisition occurs, when a disqualifying event occurs in relation to the acquisition.
- (2) A “disqualifying event” occurs in relation to the acquisition if and when—
- (a) C ceases to meet the trading requirement,
- (b) the settlement ceases to meet the all-employee benefit requirement,
- (c) the settlement ceases to meet the controlling interest requirement,
- (d) the participator fraction exceeds 2/5, or
- (e) the trustees act in a way which the trusts, as required by the all-employee benefit requirement, do not permit.
- (3) The trustees are treated as having, immediately before the disqualifying event—
- (a) disposed of any ordinary share capital of C held by the trustees which comprises shares acquired in circumstances where section 236H applied (and not subsequently disposed of and reacquired), and
- (b) immediately reacquired that ordinary share capital,
at its market value at that time.
- (4) For the purposes of subsection (2)(b)—
- (a) unless the settlement met the all-employee benefit requirement at the time of the acquisition by virtue of section 236L, that section does not apply for the purposes of determining whether the settlement continues to meet that requirement after the acquisition, and
- (b) if, at the time of the acquisition, the settlement met that requirement by virtue of section 236L and later continues to meet it otherwise than by virtue of that section, it may not again meet the requirement by virtue of that section.
- (5) Section 236N(4) applies for the purposes of subsection (2)(d) as it applies in relation to section 236N(2)(b) and (3).
##### 236Q
- (1) This section applies where—
- (a) a deemed disposal arises under section 71(1) by reason of the trustees of a settlement (“the acquiring settlement”) becoming absolutely entitled to settled property as against the trustee of that settled property (“the transferring trustee”),
- (b) that settled property consists of ordinary share capital of a company,
- (c) the relief requirements in section 236H(4)(a) to (d) are met, and
- (d) the transferring trustee makes a claim under this section.
- (2) Section 17(1) (disposals and acquisitions treated as made at market value) does not apply to the disposal.
- (3) The deemed disposal and acquisition by the transferring trustee under section 71(1) are to be treated for the purposes of this Act as being made for such consideration as to secure that neither a gain nor a loss accrues on the disposal.
- (4) For the purposes of section 236P the trustees of the acquiring settlement are treated as acquiring the ordinary share capital from the transferring trustee, at the time of the deemed disposal, in circumstances where section 236H applies.
- (5) In applying sections 236H(4), 236I to 236P and 236T for the purposes of this section—
- (a) references in those provisions to the settlement are to be read as references to the acquiring settlement, and
- (b) references in those provisions to C are to be read as references to the company mentioned in subsection (1)(b).
- (6) A claim under this section must include—
- (a) information to identify the acquiring settlement,
- (b) the name of the company mentioned in subsection (1)(b) and the address of its registered office, and
- (c) the date of the deemed disposal and the number of shares deemed to have been disposed of.
- (7) Section 236R makes provision about events which prevent a claim being made under this section and circumstances in which a claim is revoked.
##### 236R
- (1) This section applies where—
- (a) a deemed disposal arises in circumstances where paragraphs (a) to (c) of section 236Q(1) are satisfied, and
- (b) one or more disqualifying events occur in relation to the disposal in the tax year following the tax year in which the deemed disposal arises.
- (2) No claim for relief under section 236Q may be made in respect of the deemed disposal on or after the day on which the disqualifying event (or, if more than one, the first of them) occurs.
- (3) Any claim for relief under section 236Q made in respect of the deemed disposal before that day is revoked, and the chargeable gains and allowable losses of any person for any chargeable period are to be calculated as if that claim had never been made.
- (4) Such adjustments must be made in relation to any person, whether by the making of assessments or otherwise, as are required to give effect to subsection (3) (regardless of any limitation on the time within which any adjustment may be made).
- (5) “Disqualifying event” is to be construed in accordance with subsections (2), (6) and (7) of section 236O except that—
- (a) references in those subsections to the disposal are to be read as references to the deemed disposal, and
- (b) in applying sections 236I to 236P and 236T for this purpose—
- (i) references in those provisions to the settlement are to be read as references to the acquiring settlement (within the meaning of section 236Q(1)), and
- (ii) references in those provisions to C are to be read as references to the company mentioned in section 236Q(1)(b).
##### 236S
- (1) This section applies where the trustees of a settlement hold—
- (a) shares which were—
- (i) acquired in circumstances where section 236H applied, or
- (ii) the subject of a deemed acquisition under section 71(1) in circumstances where section 236Q applied,
and not subsequently disposed of and reacquired (“EOT exempt shares”), and
- (b) other shares which, but for section 104(4A), would be shares of the same class as those shares.
- (2) If the trustees dispose of some, but not all, of the shares so held, they may determine what proportion of the shares disposed of are EOT exempt shares (up to the number of such shares held).
- (3) For the purposes of this section shares in a company are not to be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
- (4) Nothing in subsection (2) applies in relation to a disposal by virtue of section 236P(3).
##### 236T
- (1) This section applies for the purposes of—
- (a) section 236L(2) (trustees hold a significant interest in C), and
- (b) section 236M (controlling interest requirement).
- (2) Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies as it applies for the purposes of the provisions mentioned in section 157(1) of that Act.
- (3) The trustees are to be treated, for the purposes of section 236L(2)(b) or 236M(1)(b), as entitled to dividends on shares even if the trustees are required, or permitted, by the trusts of the settlement to waive their entitlement to those dividends.
- (4) In determining whether section 236L(2)(d) or 236M(1)(d) applies, ignore any provision of—
- (a) a mortgage or charge (or, in Scotland, a charge or security) granted by the trustees to a third party to secure any debt, or
- (b) an agreement in respect of a loan made to the trustees by a third party,
which confers any entitlement on the third party in the event of a default by the trustees in performing their obligations in relation to that debt or loan.
- (5) In this section—
- “third party” means a person other than—C or a member of a group of which C is the principal company,a person who is, or has at any time in the preceding 12 months been, a participator in C or in a member of such a group, ora person connected with a person within paragraph (b);
- “close company” and “participator” have the same meaning as in Part 4 of the Inheritance Tax Act 1984 (see section 102 of that Act), and a reference to a participator in a company is, in the case of a company which is not a close company, to be construed as a reference to a person who would be a participator in the company if it were a close company.
##### 236U
- (1) In sections 236H to 236T and this section—
- “company” has the meaning given by section 170(9);
- “ordinary share capital” has the meaning given by section 1119 of CTA 2010;
- “trade” means any trade which is conducted on a commercial basis and with a view to the realisation of profits.
- (2) In those sections—
- (a) references to a group, to membership of a group or to the principal company of a group, are to be construed in accordance with section 170, and
- (b) references to a group are to be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.
- (3) In determining whether a person is connected with another for the purposes of those sections, section 286 applies as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.
##### 59B
- (1) Subsection (2) applies if—
- (a) under section 863I of ITTOIA 2005, a partner (“P”) in a partnership allocates to the partnership an amount of profit (“the allocated profit”) representing variable remuneration which, if it vests in P, will vest in the form of instruments,
- (b) there is a disposal to P of instruments which are partnership assets of the partnership for the purposes of section 59, and
- (c) by virtue of that disposal the variable remuneration vests in P.
- (2) Both the persons making the disposal and P are to be treated as if the instruments were acquired by P from those persons for a consideration of an amount equal to the allocated profit net of the income tax for which the partnership is liable by virtue of section 863I of ITTOIA 2005 in respect of the allocated profit.
- (3) Terms used in this section which are also used in section 863I or 863J of ITTOIA 2005 have the same meaning as in that section.
##### 59C
- (1) Subsection (2) applies if—
- (a) under section 863I of ITTOIA 2005, a partner (“P”) in a partnership allocates to the partnership an amount of profit (“the allocated profit”) representing variable remuneration which, if it vests in P, will vest in the form of instruments,
- (b) there is a disposal to P of instruments by a company which is a partner in the partnership,
- (c) by virtue of that disposal the variable remuneration vests in P, and
- (d) the company would, as a partner in the partnership, have been charged to tax on the allocated profit but for adjustments made in the case of the company under section 1264A(2) of CTA 2009 or section 850C(5) of ITTOIA 2005.
- (2) Both the company and P are to be treated as if the instruments were acquired by P from the company for a consideration of an amount equal to the allocated profit net of the income tax for which the partnership is liable by virtue of section 863I of ITTOIA 2005 in respect of the allocated profit.
- (3) Terms used in this section which are also used in section 863I or 863J of ITTOIA 2005 have the same meaning as in that section.
##### 198J
- (1) This section applies if a company which is an E&A company makes a disposal of, or of the company's interest in, relevant E&A assets and that disposal is—
- (a) a disposal of, or of an interest in, a UK licence which relates to an undeveloped area, or
- (b) a disposal of an asset used in an area covered by a licence under Part 1 of the Petroleum Act 1998 or the Petroleum (Production) Act (Northern Ireland) 1964 which authorises the company to undertake E&A activities.
- (2) If—
- (a) the consideration which the company obtains for the disposal is applied by the company, within the permitted reinvestment period—
- (i) on E&A expenditure at a time when the company is an E&A company, or
- (ii) on oil assets taken into use, and used only, for the purposes of a ring fence trade carried on by it, and
- (b) the company makes a claim under this subsection in relation to the disposal,
any gain accruing to the company on the disposal is not a chargeable gain.
- (3) If part only of the amount or value of the consideration for the disposal is applied as described in subsection (2)(a)—
- (a) subsection (2) does not apply, but
- (b) subsection (4) applies if all of the amount or value of the consideration is so applied except for a part which is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal.
- (4) If the company makes a claim under this subsection in relation to the disposal, the company is to be treated for the purposes of this Act as if the amount of the gain accruing on the disposal were reduced to the amount of the part mentioned in subsection (3)(b) (and, if not all chargeable gain, with a proportionate reduction in the amount of the chargeable gain).
- (5) The incurring of expenditure is within “the permitted reinvestment period” if the expenditure is incurred in the period beginning 12 months before and ending 3 years after the disposal, or at such earlier or later time as the Commissioners for Her Majesty's Revenue and Customs may by notice allow.
- (6) Subsections (6), (7), (10) and (11) of section 152 apply for the purposes of this section as they apply for the purposes of section 152, except that—
- (a) in subsection (6) the reference to a trade is to be read as a reference to E&A activities or a ring fence trade,
- (b) in subsection (7), the reference to the old assets is to be read as a reference to the assets disposed of as mentioned in subsection (1) of this section, and
- (c) in subsection (7), the references to the trade are to be read as references to the E&A activities.
- (7) In this section—
- “*E&A activities*” means oil and gas exploration and appraisal in the United Kingdom or an area designated by Order in Council under section 1(7) of the Continental Shelf Act 1964;
- “*E&A company*” means a company which carries on E&A activities and does not carry on a ring fence trade;
- “*E&A expenditure*” means expenditure on E&A activities which is treated as such under generally accepted accounting practice;
- “*oil asset*” has the same meaning as in section 198E, and section 198I applies for the purposes of this section as it applies for the purposes of section 198E;
- “*relevant E&A assets*” means assets which—are used, and used only, for the purposes of E&A activities carried on by the company throughout the period of ownership, andare within the classes of assets listed in section 155 (with references to “the trade” in that section being read as references to the E&A activities);
- “*ring fence trade*” has the meaning given by section 277 of CTA 2010;
- “*UK licence*” means a licence within the meaning of Part 1 of the Oil Taxation Act 1975;
and a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
##### 198K
- (1) This section applies where a company for a consideration disposes of, or of an interest in, any assets at a time when it is an E&A company and declares, in the company's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied, within the permitted reinvestment period—
- (i) on E&A expenditure at a time when the company is an E&A company, or
- (ii) on expenditure on oil assets which are taken into use, and used only, for the purposes of the company's ring fence trade, and
- (b) that the company intends to make a claim under section 198J(2) or (4) in relation to the disposal.
- (2) Until the declaration ceases to have effect, section 198J applies as if the expenditure had been incurred and the person had made such a claim.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim under section 198J, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section “*the relevant day*” means the fourth anniversary of the last day of the accounting period in which the disposal took place.
- (6) For the purposes of this section—
- (a) sections (6), (10) and (11) of section 152 apply as they apply for the purposes of that section, except that in subsection (6) the reference to a trade is to be read as a reference to E&A activities or a ring fence trade, and
- (b) terms used in this section which are defined in section 198J have the meaning given by that section.
##### 198L
- (1) Section 198J applies where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning of section 170),
- (b) the E&A expenditure or expenditure on oil assets is by another company which, at the time the expenditure is incurred, is a member of the same group, and
- (c) the claim under section 198J is made by both companies,
as if both companies were the same person.
- (2) “E&A company”, “E&A expenditure” and “oil assets” have the meaning given by section 198J.
##### 225E
- (1) This section applies where a gain to which section 222 applies accrues to an individual and—
- (a) the conditions in subsection (2) are met, or
- (b) the conditions in subsection (3) are met.
- (2) The conditions mentioned in subsection (1)(a) are that at the time of the disposal—
- (a) the individual is a disabled person or a long-term resident in a care home, and
- (b) the individual does not have any other relevant right in relation to a private residence.
- (3) The conditions mentioned in subsection (1)(b) are that at the time of the disposal—
- (a) the individual's spouse or civil partner is a disabled person or a long-term resident in a care home, and
- (b) neither the individual nor the individual's spouse or civil partner has any other relevant right in relation to a private residence.
- (4) Where this section applies, the references in section 223(1) and (2)(a) to 18 months are treated as references to 36 months.
- (5) An individual is a “long-term resident” in a care home at the time of the disposal if at that time the individual —
- (a) is resident there, and
- (b) has been resident there, or can reasonably be expected to be resident there, for at least three months.
- (6) An individual has “any other relevant right in relation to a private residence” at the time of the disposal if—
- (a) at that time—
- (i) the individual owns or holds an interest in a dwelling-house or part of a dwelling-house other than that in relation to which the gain accrued, or
- (ii) the trustees of a settlement own or hold an interest in a dwelling-house or part of a dwelling-house other than that in relation to which the gain accrued, and the individual is entitled to occupy that dwelling-house or part under the terms of the settlement, and
- (b) section 222 would have applied to any gain accruing to the individual or trustees on the disposal at that time of, or of that interest in, that dwelling house or part (or would have applied if a notice under subsection (5) of that section or under section 222A had been given).
- (7) In the application of this section in relation to a gain to which section 222 applies by virtue of section 225 (private residence occupied under terms of settlement)—
- (a) the reference in subsection (1) of this section to an individual is to the trustees of the settlement;
- (b) the references in subsections (2) to (6) of this section to the individual are to the person entitled under the terms of the settlement, as mentioned in section 225.
- (8) In this section—
- “*care home*” means an establishment that provides accommodation together with nursing or personal care;
- “*disabled person*” has the meaning given by Schedule 1A to FA 2005.
### Investments in social enterprises
##### 255A
Schedule 8B to this Act (which provides relief in respect of gains re-invested in social enterprises) has effect.
##### 255B
- (1) For the purpose of determining the gain or loss on any disposal of an asset by an individual where—
- (a) an amount of SI relief is attributable to the asset, and
- (b) apart from this subsection there would be a loss,
treat the consideration given by the individual for the acquisition of the asset as reduced by the amount of the SI relief.
- (2) If—
- (a) an individual disposes of an asset,
- (b) an amount of SI relief is attributable to the asset,
- (c) the disposal takes place after the end of the 3 years beginning with the day when the individual acquired the asset, and
- (d) apart from this subsection, there would be a gain on the disposal,
the gain is not a chargeable gain, subject to section 255C.
- (3) Despite section 16(2), subsection (2) above does not apply to a disposal on which a loss accrues.
- (4) Any question as to—
- (a) which of any assets acquired by an individual at different times a disposal relates to, being assets to which SI relief is attributable, or
- (b) whether a disposal relates to assets to which SI relief is attributable or to other assets,
is to be determined for the purposes of capital gains tax as provided by section 257TA of ITA 2007.
- (5) Chapter 1 of this Part has effect subject to subsection (4).
- (6) Sections 104, 105 and 106A do not apply to assets to which SI relief is attributable.
- (7) There are to be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of SI relief being given or withdrawn.
- (8) In this section and sections 255C to 255E “*SI relief*” means relief under Part 5B of ITA 2007 (income tax relief for investments in social enterprises).
- (9) That Part applies for the purposes of this section and sections 255C to 255E to determine whether SI relief is attributable to any asset and, if so, the amount of SI relief so attributable.
##### 255C
- (1) Subsection (2) applies if—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 257T of ITA 2007 (spouses or civil partners) as reduced) for any tax year under section 257JA of ITA 2007 (SI relief) in respect of the acquisition of an asset,
- (b) the amount of the reduction (“D”) is less than the amount given by—
$$I × R$where—I is the amount on which the individual has SI relief in the case of the asset, andR is the SI rate for the tax year for which the SI relief was obtained, and$
- (c) D is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007.
- (2) If the individual disposes of the asset and there is a gain on the disposal, section 255B(2) has effect in relation to the gain as if it were reduced by multiplying it by—
$D I × R$
- (3) In this section “*SI rate*” has the meaning given by section 257JA(5) of ITA 2007.
##### 255D
- (1) Subsection (2) applies if before a disposal of an asset—
- (a) value is received in circumstances where SI relief attributable to the asset is reduced by an amount under section 257Q(1)(a) of ITA 2007, or
- (b) there is a repayment, redemption, repurchase or payment in circumstances where SI relief attributable to the asset is reduced by an amount under section 257QJ(2)(a) of ITA 2007, or
- (c) paragraphs (a) and (b) both apply.
- (2) If section 255B(2) applies on the disposal but section 255C does not, section 255B(2) applies only to so much of the gain as remains after deducting so much of it as is found by multiplying it by the fraction—
$$A B$where—A is equal to the amount by which the SI relief given in respect of the asset is reduced as mentioned in subsection (1) above, andB is equal to the amount of the SI relief given in respect of the asset.$
- (3) If sections 255B(2) and 255C apply on the disposal, section 255B(2) applies only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 255C, and
- (b) deducting from that part so much of it as is found by multiplying it by the fraction mentioned in subsection (2).
- (4) If the SI relief given in respect of the asset is reduced as mentioned in subsection (1) by more than one amount, the amount referred to as A in subsection (2) is to be taken to be equal to the aggregate of those amounts.
- (5) The amount referred to in subsection (2) as B is to be found without regard to any reduction mentioned in subsection (1).
##### 255E
- (1) Subsection (2) applies if an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds—
- (a) shares to which SI relief is attributable and to which subsection (3) applies,
- (b) shares to which SI relief is attributable and to which subsection (3) does not apply, and
- (c) shares to which SI relief is not attributable and to which subsection (3) does not apply.
- (2) If there is a reorganisation within the meaning of section 126 affecting the shares listed in subsection (1), section 127 applies separately to those shares so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding.
- (3) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 8B to this Act against the whole or part of any gain, and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (4) If—
- (a) an individual holds shares (“the existing holding”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, SI relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 do not apply in relation to the existing holding.
- (5) Subject to subsection (6), sections 135 and 136 do not apply in respect of shares to which SI relief is attributable.
- (6) Subsection (5) does not have effect to disapply section 135 or 136 in a case where the original shares are shares to which SI relief is attributable if—
- (a) the new holding consists of new ordinary shares which meet conditions A and B of section 257L of ITA 2007,
- (b) the new shares are issued after the end of three years beginning with the day on which the original shares were acquired,
- (c) before issuing the new shares, the company had issued shares which met conditions A and B of section 257L of ITA 2007, and
- (d) the company issued a compliance certificate in relation to those earlier shares for the purposes of section 257PA(1) of ITA 2007 and in accordance with sections 257PB and 257PC of ITA 2007.
- (7) In subsection (6) “*new holding*” is to be construed in accordance with sections 126, 127, 135 and 136.
- (8) In this section—
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital.
#### Interpretation of Chapter
#### Application of section 255B(2) where SI relief has been reduced
#### Reorganisations involving shares to which SI relief is attributable
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
#### Provisions supplementary to section 279A
## SCHEDULE 8B
### When does the Schedule apply?
##### 1
- (1) This Schedule applies if—
- (a) a chargeable gain accrues to an individual (“the investor”),
- (b) the investor acquires one or more assets (“the social holding”),
- (c) the investor is eligible for SI relief under Part 5B of ITA 2007 in respect of the consideration given for the social holding, and
- (d) conditions A, B, C, D and E are met.
- (2) Condition A is that the gain is one that accrues—
- (a) on the disposal by the investor of an asset,
- (b) in accordance with section 169N (but see sub-paragraph (7)), or
- (c) as a result of the operation of paragraph 5 in connection with a chargeable event within paragraph 6(1)(c) or (d).
- (3) Condition B is that the gain is one that accrues—
- (a) on or after 6 April 2014, and
- (b) before 6 April 2019 (but see sub-paragraph (8)).
- (4) Condition C is that the investor is resident in the United Kingdom—
- (a) when the gain accrues, and
- (b) when the social holding is acquired.
- (5) Condition D is that the social holding is acquired by the investor on the investor's own behalf.
- (6) Condition E is that the social holding is acquired—
- (a) in the 3 years beginning with the day when the gain accrues, or
- (b) in the year that ends at the beginning of that day.
- (7) The reference in sub-paragraph (2)(b) to a gain accruing in accordance with section 169N does not include such a gain so far as it is chargeable to capital gains tax at the rate in section 169N(3) (rate where entrepreneurs' relief is available).
- (8) The Treasury may by order substitute a later date for the date for the time being specified in sub-paragraph (3)(b).
##### 2
- (1) This Schedule also applies if—
- (a) a chargeable gain accrues to an individual (“the investor”),
- (b) the gain accrues as a result of the operation of paragraph 5 in connection with a chargeable event within paragraph 6(1)(a), (b) or (c),
- (c) the chargeable event is either—
- (i) a disposal to a social enterprise of shares in or debentures of the social enterprise, or
- (ii) the cancellation, extinguishment, redemption or repayment by a social enterprise of shares in or debentures of the social enterprise,
- (d) as part of the chargeable event or in connection with it, and in place of the shares or debentures, the investor acquires one or more assets (“the social holding”) from the social enterprise,
- (e) other than the investor's ceasing to hold the shares or debentures, no detriment is suffered in return for the acquisition of the social holding,
- (f) the asset acquired, or each of the assets acquired, is a share in or debenture of the social enterprise,
- (g) but for section 257LA of ITA 2007 (consideration for acquisition must be wholly in cash and fully paid) the investor would be eligible for SI relief under Part 5B of ITA 2007 in respect of the consideration given for the social holding, and
- (h) conditions F, G, H and J are met.
- (2) Condition F is that the gain is one that accrues—
- (a) on or after 6 April 2014, and
- (b) before 6 April 2019 (but see sub-paragraph (6)).
- (3) Condition G is that the investor is resident in the United Kingdom—
- (a) when the gain accrues, and
- (b) when the social holding is acquired.
- (4) Condition H is that the social holding is acquired by the investor on the investor's own behalf.
- (5) Condition J is that the social holding is acquired—
- (a) in the 3 years beginning with the day when the gain accrues, or
- (b) in the year that ends at the beginning of that day.
- (6) The Treasury may by order substitute a later date for the date for the time being specified in sub-paragraph (2)(b).
- (7) In this paragraph “*debenture*” includes any instrument creating or acknowledging indebtedness.
- (8) A reference in this paragraph to a social enterprise is a reference to a body that is a social enterprise for the purposes of Part 5B of ITA 2007 (see section 257J of that Act).
### Interpretation of Schedule
##### 3
- (1) In the following provisions of this Schedule—
- “*the amount invested*” means, in a case where this Schedule applies because of paragraph 1, the consideration mentioned in paragraph 1(1)(c),
- “*the investor*” means the individual mentioned in paragraph 1(1)(a) or, as the case may be, paragraph 2(1)(a),
- “*the original gain*” means the chargeable gain mentioned in paragraph 1(1)(a) or, as the case may be, paragraph 2(1)(a), and
- “*the social holding*” means the asset or assets mentioned in paragraph 1(1)(b) or, as the case may be, paragraph 2(1)(d).
- (2) In this Schedule, a “disposal within marriage or civil partnership” is a disposal to which section 58 (certain disposals between spouses or civil partners) applies.
### Claim to hold gain over while invested in a social enterprise
##### 4
- (1) The investor may make a claim for the original gain to be reduced—
- (a) in a case within paragraph 1, by the amount invested, or by a part of that amount specified in the claim, or
- (b) in a case within paragraph 2, to the extent specified in the claim,
but, in either case, subject as follows.
- (2) The reduction may not be more than the original gain or, if the original gain has already been reduced under one or more of the listed provisions, the reduction may not be more than the reduced gain.
- (3) In a case within paragraph 1, the claim may not relate to any part of the amount invested that under any of the listed provisions has already been set against a chargeable gain.
- (4) The “listed provisions” are—
- (a) sub-paragraph (1),
- (b) Schedule 5B, and
- (c) paragraph 1(5) of Schedule 5BB.
- (5) The total of all reductions claimed by the investor under sub-paragraph (1) in any tax year must not be more than £1,000,000.
- (6) If there is relief by way of a reduction under sub-paragraph (1) then, for the purposes of this Schedule, that relief—
- (a) is attributable to the asset or assets that form the social holding, but
- (b) ceases to be attributable to any particular asset, or to any particular part of a particular asset, when—
- (i) a chargeable event occurs in relation to that asset or part, or
- (ii) the person holding the asset or part dies.
### Held-over gain treated as accruing on disposal etc of the qualifying investment
##### 5
- (1) This paragraph applies if there has been a reduction under paragraph 4(1).
- (2) A chargeable gain equal to the amount of the reduction is treated as accruing when a chargeable event occurs in relation to the social holding without any chargeable event having previously occurred in relation to any of the holding.
- (3) When a chargeable event occurs in relation to part only of the social holding without any chargeable event having previously occurred in relation to any of that part, a chargeable gain calculated in accordance with sub-paragraph (4) is treated as accruing.
- (4) The calculation is—
- *Step 1* Subtract from the amount of the reduction any chargeable gains previously treated as accruing as a result of the operation of sub-paragraph (3).
- *Step 2* Attribute a proportionate part of the amount calculated at Step 1 to each part of the social holding held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any part of the holding from the investor on a disposal within marriage or civil partnership.
- *Step 3* The amount attributed at Step 2 to the part of the social holding in relation to which that chargeable event occurs is the chargeable gain treated as accruing as a result of the operation of subparagraph (3) on the occurrence of that event.
### Chargeable events
##### 6
- (1) A chargeable event occurs in relation to an asset that forms the whole or any part of the social holding if (after the acquisition of the holding)—
- (a) the investor disposes of the asset otherwise than by way of a disposal within marriage or civil partnership,
- (b) the asset is disposed of, otherwise than by way of a disposal to the investor, by a person who acquired the asset on a disposal made within marriage or civil partnership,
- (c) the asset is cancelled, extinguished, redeemed or repaid, or
- (d) any of the conditions in Chapters 3 and 4 of Part 5B of ITA 2007 for the investor's eligibility for SI relief under that Part in respect of the amount invested fails to be met.
In this sub-paragraph “*asset*” includes part of an asset.
- (2) In the event of the death of—
- (a) the investor, or
- (b) a person who, on a disposal within marriage or civil partnership, has acquired the whole or any part of the social holding,
nothing which occurs at or after the time of death is a chargeable event in relation to any part of the holding held by the deceased person immediately before the time of death.
- (3) If a person makes a disposal of assets of a particular class while retaining other assets of that class—
- (a) assets of that class acquired by the person on an earlier day are treated for the purposes of this Schedule as disposed of before assets of that class acquired by the person on a later day, and
- (b) assets of that class acquired by the person on the same day are treated for the purposes of this Schedule as disposed of in the following order—
- (i) first, any to which neither relief under this Schedule, nor SI relief under Part 5B of ITA 2007, is attributable,
- (ii) next, any to which relief under this Schedule, but not SI relief under that Part, is attributable,
- (iii) next, any to which SI relief under that Part, but not relief under this Schedule, is attributable, and
- (iv) finally, any to which both SI relief under that Part, and relief under this Schedule, are attributable.
- (4) For the purposes of sub-paragraph (3), assets—
- (a) to which relief under this Schedule is attributable, and
- (b) which have not been held continuously by the investor since the social holding was acquired,
are treated as having been acquired when the social holding was acquired if SI relief under Part 5B of ITA 2007 is not also attributable to them.
- (5) For the purposes of sub-paragraph (3), assets—
- (a) to which SI relief under Part 5B of ITA 2007 is attributable, and
- (b) which were transferred to an individual as mentioned in section 257T of ITA 2007 (transfers between spouses or civil partners),
are treated as having been acquired when the social holding was acquired.
- (6) Chapter 1 of Part 4 of this Act has effect subject to sub-paragraphs (3) to (5).
- (7) Sections 104, 105 and 106A do not apply to assets to which relief under this Schedule is attributable if SI relief under Part 5B of ITA 2007 is not also attributable to them.
- (8) Where, at the time of a chargeable event, an asset that formed the whole or any part of the social holding is treated for the purposes of this Act as represented by assets which consist of or include assets other than that asset—
- (a) so much of the original gain as is attributable to the asset is treated, in determining for the purposes of this paragraph the amount of the original gain to be treated as attributable to each of those assets, as apportioned in such manner as may be just and reasonable between those assets, and
- (b) as between different assets treated as representing the same asset, sub-paragraphs (3) to (5) apply with the necessary modifications in relation to those assets as they would apply in relation to the asset.
- (9) In order to determine, for the purposes of sub-paragraph (8), the amount of the original gain attributable to any asset, a proportionate part of the amount of the original gain is to be attributed to each asset that forms the whole or any part of so much of the social holding as is held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any part of the social holding from the investor on a disposal within marriage or civil partnership.
- (10) In subsections (8) and (9) references to the original gain are to so much of the original gain as remains after deduction from it of the amount of any chargeable gain treated as accruing as a result of the previous operation of paragraph 5.
### Person to whom held-over gain is treated as accruing
##### 7
- (1) This paragraph applies where a chargeable gain is treated as accruing as a result of the operation of paragraph 5.
- (2) If the chargeable event is a disposal, that chargeable gain is treated as accruing to the person who makes the disposal.
- (3) If the chargeable event occurs—
- (a) when an asset, or part of an asset, is cancelled, extinguished, redeemed or repaid, or
- (b) when a condition, for eligibility for relief in respect of the consideration given for the acquisition of an asset, fails to be met,
that chargeable gain is treated as accruing to the person who holds the asset, or part, when the chargeable event occurs.
### Claims: procedure
##### 8
- (1) Sections 257P(1), 257PA(1) and 257PB to 257PD of ITA 2007—
- (a) apply in relation to a claim under this Schedule in respect of the social holding as they apply in relation to a claim under Part 5B to ITA 2007 in respect of an investment, and
- (b) as they so apply, have effect as if any reference to the requirements for relief under that Part were a reference to the conditions for the application of this Schedule.
- (2) In section 257PE(2) of ITA 2007 (power to make consequential amendments etc when amending provision about claims for SI relief) “*enactment*” includes (in particular) sub-paragraph (1).
### UK residential property: non-resident CGT
#### Meaning of “non-resident CGT disposal”
##### 14B
- (1) For the purposes of this Act a disposal made by a person is a “non-resident CGT disposal” if—
- (a) it is a disposal of a UK residential property interest, and
- (b) condition A or B is met.
But see also subsection (5).
- (2) Condition A is—
- (a) in the case of an individual, that the individual is not resident in the United Kingdom for the tax year in question (see subsection (3)),
- (b) in the case of personal representatives of a deceased person, that the single and continuing body mentioned in section 62(3) is not resident in the United Kingdom,
- (c) in the case of the trustees of a settlement, that the single person mentioned in section 69(1) is not resident in the United Kingdom during any part of the tax year in question, and
- (d) in any other case, that the person is not resident in the United Kingdom at the relevant time.
- (3) In subsection (2)—
- (a) “*the tax year in question*” means the tax year in which any gain on the disposal accrues (or would accrue were there to be such a gain);
- (b) “*the relevant time*” means the time at which any gain on the disposal accrues (or would accrue were there to be such a gain).
- (4) Condition B is that—
- (a) the person is an individual, and
- (b) any gain accruing to the individual on the disposal would accrue in the overseas part of a tax year which is a split year as respects the individual.
- (5) A disposal by a person of a UK residential property interest is not a non-resident CGT disposal so far as any chargeable gains accruing to the person on the disposal—
- (a) would be gains in respect of which the person would be chargeable to capital gains tax—
- (i) under section 10(1) (non-resident with UK branch or agency), or
- (ii) under section 2 as a result of subsection (1C) of that section (corresponding provision relating to the overseas part of a split year), or
- (b) would be gains forming part of the person's chargeable profits for corporation tax purposes by virtue of section 10B (non-resident company with UK permanent establishment).
##### 14C
Schedule B1 gives the meaning in this Act of “disposal of a UK residential property interest”.
##### 14D
- (1) A person is chargeable to capital gains tax in respect of any chargeable NRCGT gain accruing to the person in the tax year on a non-resident CGT disposal.
See also section 188D(1).
- (2) Capital gains tax is charged on the total amount of chargeable NRCGT gains accruing to the person in the tax year, after deducting—
- (a) any allowable losses accruing to the person in the tax year on disposals of UK residential property interests, and
- (b) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable losses accruing to the person in any previous tax year (not earlier than the tax year 1965-66) on disposals of UK residential property interests.
- (3) In subsection (2), the reference to chargeable NRCGT gains does not include any such gains which accrue to a member of an NRCGT group.
- (4) The only deductions that can be made from chargeable NRCGT gains to which subsection (2) applies are those permitted by this section.
This is subject to section 62(2AA) (carry-back of losses accruing in year of death).
- (5) See section 57B and Schedule 4ZZB for how to determine—
- (a) whether an NRCGT gain (or loss) accrues on a non-resident CGT disposal, and
- (b) the amount of any NRCGT gain (or loss) so accruing.
##### 14E
- (1) Subsections (2) to (4) apply in relation to an allowable NRCGT loss accruing to a person in a tax year on a non-resident CGT disposal.
- (2) The loss is not allowable as a deduction from chargeable gains accruing in any earlier tax year.
This is subject to section 62(2) and (2AA) (carry-back of losses accruing in year of death).
- (3) Relief is not to be given under this Act more than once in respect of the loss or any part of the loss.
- (4) Relief is not to be given under this Act in respect of the loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
##### 14F
- (1) A person is not chargeable to capital gains tax under section 14D in respect of a chargeable NRCGT gain accruing to the person on a non-resident CGT disposal if the person—
- (a) is an eligible person in relation to the disposal, and
- (b) makes a claim under this section with respect to the disposal.
- (2) A diversely-held company which makes a non-resident CGT disposal is an eligible person in relation to the disposal.
- (3) A scheme (see subsection (7)) which makes a non-resident CGT disposal is an eligible person in relation to the disposal if condition A or B is met.
- (4) Condition A is that the scheme is a widely-marketed scheme throughout the relevant ownership period.
- (5) Condition B is that—
- (a) an investor in the scheme is an offshore fund, an open-ended investment company or an authorised unit trust (“*the feeder fund*”),
- (b) the scheme is a widely-marketed scheme throughout the alternative period, after taking into account—
- (i) the scheme documents relating to the feeder fund, and
- (ii) the intended investors in the feeder fund, and
- (c) the scheme and the feeder fund have the same manager.
- (6) A company carrying on life assurance business (as defined in section 56 of the Finance Act 2012) which makes a non-resident CGT disposal is an eligible person if immediately before the time of the disposal the interest in UK land which is the subject of that disposal is held for the purpose of providing benefits to policyholders in the course of that business.
- (7) In this section “*scheme*” means any of the following—
- (a) a unit trust scheme;
- (b) a company which is an open-ended investment company incorporated by virtue of regulations under section 262 of the Financial Services and Markets Act 2000;
- (c) a company incorporated under the law of a territory outside the United Kingdom which is, under that law, the equivalent of an open-ended investment company.
- (8) In this section “*the relevant ownership period*”, in relation to a scheme, means—
- (a) the period beginning with the day on which the scheme acquired the interest in UK land which (or part of which) is the subject of the non-resident CGT disposal and ending with the day on which that disposal occurs, or
- (b) if shorter, the period of 5 years ending with the day on which that disposal occurs.
- (9) For the purposes of subsection (5), the “*alternative period*”, in relation to a scheme, is the shorter of—
- (a) the relevant ownership period, and
- (b) the period beginning when the feeder fund first became an investor in the scheme and ending with the date of the disposal.
- (10) In this section—
- “*diversely-held company*” means a company which is not a closely-held company;
- “*interest in UK land*” has the same meaning as in Schedule B1;
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act).
- (11) In Schedule C1—
- (a) Part 1 sets out the rules for determining whether or not a company is a closely-held company;
- (b) Part 2 sets out how to determine whether or not a scheme is a widely-marketed scheme at any time.
##### 14G
- (1) This section applies where a company which makes a non-resident CGT disposal—
- (a) is a divided company, and
- (b) would, without this section, be an eligible person for the purposes of section 14F in relation to the disposal.
- (2) In determining for the purposes of section 14F whether or not the company is an eligible company in relation to the disposal, the company is to be treated as if it were a closely-held company if the conditions in subsection (3) are met.
- (3) The conditions are that—
- (a) the gain or loss accruing on the disposal is primarily or wholly attributable to a particular division of the company, and
- (b) if that division were a separate company, that separate company would be a closely-held company.
- (4) For the purposes of this section a company is a “divided company” if, under the law under which the company is formed, under the company's articles of association or other document regulating the company or under arrangements entered into by or in relation to the company—
- (a) some or all of the assets of the company are available primarily, or only, to meet particular liabilities of the company, and
- (b) some or all of the members of the company, and some or all of its creditors, have rights primarily, or only, in relation to particular assets of the company.
- (5) References in this section to a “division” of a divided company are to an identifiable part of the company that carries on distinct business activities and to which particular assets and liabilities of the company are primarily or wholly attributable.
##### 14H
- (1) Subsection (2) applies where—
- (a) arrangements are entered into, and
- (b) the main purpose, or one of the main purposes, of any party entering into them (or any part of them) is to avoid capital gains tax being charged under section 14D as a result of a person not being an eligible person in relation to the disposal by virtue of subsection (2) (diversely-held companies) or, as the case may be, subsection (3) (widely-marketed schemes) of section 14F (persons not chargeable under section 14D if a claim is made).
- (2) The arrangements (or that part of the arrangements) are to be disregarded in determining whether or not the company is an eligible person by virtue of that subsection.
- (3) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
##### 25ZA
- (1) This section applies if, ignoring subsections (3) and (4)—
- (a) a gain or loss would accrue to a person on a disposal of a UK residential property interest deemed to have been made by virtue of section 25(3), and
- (b) on the assumptions in subsection (2), that gain or loss would be an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D (see section 57B and Schedule 4ZZB).
- (2) The assumptions are—
- (a) the disposal is a non-resident CGT disposal, and
- (b) if the person is a company, any claim which the company could make under section 14F is made.
- (3) No gain or loss accrues to the person on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the person were it not for subsection (3)—
- (a) is deemed to accrue to the person (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) A person may make an election for subsections (3) and (4) not to apply in relation to the disposal mentioned in subsection (1)(a).
- (6) If the person is a company, such an election must be made within 2 years after the day on which the company ceases to carry on a trade in the United Kingdom through a branch or agency.
- (7) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 48A
- (1) This section applies where—
- (a) a person (“P”) has made a non-resident CGT disposal in relation to which there accrued to P an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D or 188D (“the original disposal”),
- (b) P acquired a right as the whole or part of the consideration for that disposal,
- (c) on P's acquisition of the right, there was no corresponding disposal of it, and
- (d) the right is a right to unascertainable consideration (see subsections (4) to (6)).
- (2) If P subsequently receives consideration (“the ascertained consideration”) representing the whole or part of the consideration referred to in subsection (1)(d) and condition A in section 14B would have been met in relation to the original disposal had a gain on that disposal accrued at the time of the receipt of the ascertained consideration—
- (a) the ascertained consideration is treated as not accruing on the disposal of the right,
- (b) the costs of P's acquisition of the right (or, in the case of a part disposal of the right, those costs so far as referable to the part disposed of) are taken to be nil, and
- (c) the following steps are taken.
- *Step 1* Any amount by which the ascertained consideration exceeds the relevant original consideration is treated as consideration (or further consideration) accruing on the original disposal. If the relevant original consideration exceeds the ascertained consideration, the consideration accruing on the original disposal is treated as reduced by the amount of the excess.
- *Step 2* Compute the difference that the adjustment under step 1 makes to what (if any) NRCGT gain or loss, ATED-related gain or loss or other gain or loss accrues on the original disposal (computing this separately for each type of gain or loss). The difference is “positive” if a loss is decreased (to nil or otherwise) or a gain created or increased. The difference is “negative” if a gain is reduced (to nil or otherwise) or a loss created or increased.
- *Step 3* Any positive amount computed under step 2 is treated for the purposes of this Act and the Management Act as a gain (of the type appropriate to the computation) accruing to P at the time of the receipt of the ascertained consideration. Any negative amount computed under step 2 is treated for the purposes of this Act and the Management Act as a loss (of the type appropriate to the computation) accruing to P at the time of the receipt of the ascertained consideration.
- (3) In step 1 in subsection (2), “*the relevant original consideration*” means the consideration accruing on the original disposal, so far as referable to the right mentioned in subsection (1)(b) (or, in the case of a part disposal of the right, referable to the part disposed of).
- (4) A right is a right to unascertainable consideration if, and only if—
- (a) it is a right to consideration the amount or value of which is unascertainable at the time when the right is conferred, and
- (b) that amount or value is unascertainable at that time on account of its being referable, in whole or in part, to matters which are uncertain at that time because they have not yet occurred.
This subsection is subject to subsections (5) and (6).
- (5) The amount or value of any consideration is not to be regarded as being unascertainable by reason only—
- (a) that the right to receive the whole or any part of the consideration is postponed or contingent, if the consideration or, as the case may be, that part of it is, in accordance with section 48, brought into account in the computation of the gain accruing to a person on the disposal of an asset, or
- (b) in a case where the right to receive the whole or any part of the consideration is postponed and is to be, or may be, to any extent satisfied by the receipt of property of one description or property of some other description, that some person has a right to select the property, or the description of property, that is to be received.
- (6) A right is not to be taken to be a right to unascertainable consideration by reason only that either the amount or the value of the consideration has not been fixed, if—
- (a) the amount will be fixed by reference to the value, and the value is ascertainable, or
- (b) the value will be fixed by reference to the amount, and the amount is ascertainable.
### Chapter 6 — Computation of gains and losses: non-resident CGT disposals
##### 57B
- (1) Schedule 4ZZB makes provision about the computation of—
- (a) NRCGT gains or losses, and
- (b) other gains or losses,
on non-resident CGT disposals.
- (2) For further provision about non-resident CGT disposals and NRCGT gains and losses see sections 14B to 14H and 188D and 188E.
##### 80A
- (1) Subsection (2) applies if, ignoring subsections (2) to (4)—
- (a) a gain or loss would accrue to the trustees of a settlement on a disposal of a UK residential property interest deemed to have been made by virtue of section 80(2), and
- (b) on the assumption that the disposal is a non-resident CGT disposal, that gain or loss would be a chargeable NRCGT gain or an allowable NRCGT loss (see section 57B and Schedule 4ZZB).
- (2) The trustees may elect for subsections (3) and (4) to have effect.
- (3) No gain or loss accrues to the trustees on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the trustees were it not for subsection (3)—
- (a) is deemed to accrue to the trustees (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as a chargeable NRCGT gain or an allowable NRCGT loss accruing on a non-resident CGT disposal.
- (5) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 159A
- (1) Section 152 does not apply in relation to a person who would (apart from that section) be chargeable to capital gains tax under section 14D or 188D in respect of NRCGT gains accruing on the disposal of the old assets, unless the new assets are qualifying residential property interests immediately after the time they are acquired.
- (2) For the purposes of this section an asset is a “qualifying residential property interest” at any time if it—
- (a) is an interest in UK land, and
- (b) consists of or includes a dwelling.
- (3) In this section—
- (a) “*dwelling*” has the meaning given by paragraph 4 of Schedule B1;
- (b) “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1;
- (c) “*the old assets*” and “*the new assets*” have the same meaning as in section 152;
- (d) the reference to disposal of the old assets includes a reference to disposal of an interest in them;
- (e) the reference to acquisition of the new assets includes a reference to acquisition of an interest in them or entering into an unconditional contract for the acquisition of them.
##### 167A
- (1) This section applies where the disposal in relation to which a claim could be made under section 165 is a disposal of a UK residential property interest to a transferee who is not resident in the United Kingdom and, ignoring section 165—
- (a) a gain would accrue to the transferor on the disposal, and
- (b) on the assumption that the disposal is a non-resident CGT disposal (whether or not that is the case), that gain would be a chargeable NRCGT gain (see section 57B and Schedule 4ZZB).
- (2) Section 165(4) has effect in relation to the disposal as if it read—
> (4) Where a claim for relief is made under this section in respect of the disposal, the amount of any chargeable gain which, apart from this section, would accrue to the transferor on the disposal, shall be reduced by an amount equal to the held-over gain on the disposal.
- (3) Where the disposal is a non-resident CGT disposal—
- (a) section 165(4), as modified by subsection (2) of this section, has effect in relation to the disposal as if the reference to “chargeable gain” were a reference to “chargeable NRCGT gain”,
- (b) section 165(6) has effect in relation to the disposal as if the references to “chargeable gain” were references to “chargeable NRCGT gain”, and
- (c) section 165(7) has effect in relation to the disposal as if the reference to “the excess referred to in paragraph (b) above” were a reference to “the chargeable NRCGT gain which, ignoring this section and section 17(1), would accrue to the transferor on the disposal”.
- (4) Where a claim for relief is made under section 165 in relation to the disposal mentioned in subsection (1), on a subsequent disposal by the transferee of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1), the whole or a corresponding part of the held-over gain (see section 165(6))—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) Where the subsequent disposal mentioned in subsection (4) is (or proves to be) a chargeable transfer for inheritance tax purposes, section 165(10) has effect in relation to the disposal as if—
- (a) the reference to “the chargeable gain accruing to the transferee on the disposal of the asset” were a reference to the chargeable gain accruing on the disposal as computed apart from subsection (4), and
- (b) the reference in section 165(10)(b) to “the chargeable gain” were a reference to—
- (i) the chargeable gain chargeable to capital gains tax by virtue of any provision of this Act accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 168A
- (1) Subsection (2) applies if, ignoring subsections (2) to (4)—
- (a) a gain would accrue to a transferee on a disposal of a UK residential property interest deemed to have been made by virtue of section 168(1), and
- (b) on the assumption that the disposal is a non-resident CGT disposal, that gain would be an NRCGT gain chargeable to capital gains tax by virtue of section 14D (see section 57B and Schedule 4ZZB).
- (2) The transferee may elect for subsections (3) and (4) to have effect.
- (3) The held-over gain (within the meaning of section 165 or 260) does not accrue to the transferee on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the held-over gain which would have accrued to the transferee were it not for subsection (3)—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 169LA
- (1) Subsection (4) applies if—
- (a) as part of a qualifying business disposal, a person (“P”) disposes of goodwill directly or indirectly to a close company (“C”),
- (b) at the time of the disposal, P is a related party in relation to C, and
- (c) P is not a retiring partner.
- (2) P is a related party in relation to C for the purposes of this section if P is a related party in relation to C for the purposes of Part 8 of CTA 2009 (intangible fixed assets) (see Chapter 12 of that Part (related parties) and, in particular, section 835(5) of that Act).
- (3) P is a retiring partner if the goodwill is goodwill in a business carried on, immediately before the disposal, by a partnership of which P is a member and at the time of the disposal—
- (a) P is not, and no arrangements exist under which P could become, a participator in C or in a company that has control of, or holds a major interest in, C (a “relevant participator”),
- (b) P is a related party in relation to C because P is an associate of one or more relevant participators, and
- (c) P is only an associate of each of those relevant participators because they are also members of the partnership.
- (4) For the purposes of this Chapter, the goodwill is not one of the relevant business assets comprised in the qualifying business disposal.
- (5) If a company—
- (a) is not resident in the United Kingdom, but
- (b) would be a close company if it were resident in the United Kingdom,
the company is to be treated as being a close company for the purposes of this section (including for the purposes of determining whether a person is a related party in relation to the company for the purposes of this section).
- (6) If a person—
- (a) disposes of goodwill as part of a qualifying business disposal, and
- (b) is party to relevant avoidance arrangements,
subsection (4) applies (if it would not otherwise do so).
- (7) In subsection (6) “*relevant avoidance arrangements*” means arrangements the main purpose, or one of the main purposes, of which is to secure—
- (a) that subsection (4) does not apply in relation to the goodwill, or
- (b) that the person is not a related party (for whatever purposes) in relation to a company to which the disposal of goodwill is directly or indirectly made.
- (8) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*associate*”, “*control*”, “*major interest*” and “*participator*” have the same meaning as in Chapter 12 of Part 8 of CTA 2009 (see, in particular, sections 836, 837 and 841 of that Act).
### Chapter 4 — Entrepreneurs' relief where held-over gains become chargeable
##### 169T
This Chapter makes provision about claiming entrepreneurs' relief in certain cases where, in relation to held-over gains that originally arose on a business disposal, there is a chargeable event for the purposes of Schedule 5B or 8B (relief for gains invested under the enterprise investment scheme or in social enterprises).
##### 169U
- (1) Section 169V applies if, ignoring the operation of section 169V(2)(b), each of the following conditions is met.
- (2) The first condition is that a chargeable gain (“the first eventual gain”) accrues as a result of the operation of—
- paragraph 4 of Schedule 5B (enterprise investment scheme), or
- paragraph 5 of Schedule 8B (investments in social enterprises).
- (3) If the first condition is met, the paragraph and Schedule mentioned in subsection (2) that apply in the case are referred to in this section, and section 169V, as “the relevant paragraph” and “the applicable Schedule”.
- (4) The second condition is—
- (a) that the first eventual gain accrues in a case in which the original gain would, but for the operation of the applicable Schedule, have accrued on a relevant business disposal, or
- (b) where the first eventual gain accrues in a case in which the original gain would, but for the operation of the applicable Schedule, have accrued as a result of the operation of either of the paragraphs mentioned in subsection (2), that the underlying disposal is a relevant business disposal.
- (5) The third condition is that a claim for entrepreneurs' relief in respect of the first eventual gain is made, on or before the first anniversary of the 31 January following the tax year in which the first eventual gain accrues, by the individual who made the disposal mentioned in subsection (4)(a) or (b).
- (6) The fourth condition is that the first eventual gain is the first gain to accrue in the case as a result of the operation of the relevant paragraph.
- (7) In subsection (4) “*the underlying disposal*” means the disposal (not being a disposal within paragraph 3 of Schedule 5B or paragraph 6 of Schedule 8B) by virtue of which Schedule 5B or 8B has effect.
- (8) For the purposes of subsection (4), whether the disposal on which the original gain would have accrued is a relevant business disposal, or whether the underlying disposal is a relevant business disposal, is to be decided according to the law applicable to disposals made at the time the disposal was made.
- (9) In this section—
- “*the original gain*”, in relation to a particular case, has the same meaning as in the applicable Schedule,
- “*relevant business asset*” has the meaning given by section 169L, and
- “*relevant business disposal*” means—a disposal—within section 169H(2)(a) or (c) (qualifying business disposals), andconsisting of the disposal of (or of interests in) shares in or securities of a company, ora disposal of relevant business assets which is comprised in a disposal—within section 169H(2)(a) or (c), andnot consisting of the disposal of (or of interests in) shares in or securities of a company.
##### 169V
- (1) Where this section applies, the following rules have effect.
- (2) The gain mentioned in section 169U(2) (“the first eventual gain”)—
- (a) is treated for ER purposes as the amount resulting from a calculation under section 169N(1) carried out—
- (i) in respect of a qualifying business disposal made when the first eventual gain accrues, and
- (ii) because of the claim mentioned in section 169U(5), and
- (b) except for ER purposes, is not to be taken into account under this Act as a chargeable gain.
- (3) If the first eventual gain is a part only of the original gain in the case concerned, each part of the original gain that subsequently accrues as a chargeable gain as a result of the operation of the relevant paragraph—
- (a) is treated for ER purposes as the amount resulting from a calculation under section 169N(1) carried out—
- (i) in respect of a qualifying business disposal made when that chargeable gain so accrues, and
- (ii) because of the claim mentioned in section 169U(5), and
- (b) except for ER purposes, is not to be taken into account under this Act as a chargeable gain.
- (4) If the disposal mentioned in paragraph (a) or (b) of section 169U(4) is a disposal within section 169H(2)(c) (qualifying business disposal: disposal associated with a relevant material disposal)—
- (a) a disposal mentioned in subsection (2) or (3) of this section is treated for the purposes of section 169P(1) as a disposal associated with a relevant material disposal, but
- (b) section 169P applies in relation to that disposal as if the disposal referred to in section 169P(4) were the disposal mentioned in section 169U(4)(a) or (b).
- (5) In this section “*ER purposes*” means the purposes of—
- (a) section 169N(2) to (4B), (7) and (8), and
- (b) section 169P.
##### 187B
- (1) This section applies if, ignoring subsections (3) and (4)—
- (a) a gain or loss would accrue to a company on a disposal of a UK residential property interest deemed to have been made by virtue of section 185(2), and
- (b) on the assumptions in subsection (2), that gain or loss would be an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D or 188D (see section 57B and Schedule 4ZZB).
- (2) The assumptions are that—
- (a) the disposal is a non-resident CGT disposal, and
- (b) any claim which the company could make under section 14F is made.
- (3) No gain or loss accrues to the company on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the company were it not for subsection (3)—
- (a) is deemed to accrue to the company (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) A company may make an election for subsections (3) and (4) not to apply in relation to the disposal mentioned in subsection (1)(a).
- (6) Such an election must be made within 2 years after the day on which the company ceases to be resident in the United Kingdom.
- (7) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
### Pooling of NRCGT gains and losses
##### 188A
- (1) A “pooling election” is an election which—
- (a) specifies the date from which the election is to have effect (the “effective date” of the election), and
- (b) is made by all those members of a group (the “potential pooling group”) which are qualifying members.
- (2) For this purpose the “qualifying members” of a group are all the companies which are members of that group and meet the qualifying conditions on the effective date of the election.
- (3) The “qualifying conditions” are met by a company at any time when it—
- (a) is not resident in the United Kingdom,
- (b) is a closely-held company,
- (c) is not a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012),
- (d) does not hold any chargeable residential assets, and
- (e) holds an asset the disposal of which would be a disposal of a UK residential property interest.
- (4) For the purposes of subsection (3), an asset is a “chargeable residential asset” at any time if a disposal of the asset at that time would be a non-resident CGT disposal but for section 14B(5) (gains forming part of chargeable profits for corporation tax purposes by virtue of section 10B etc).
- (5) The day on which a pooling election is made must not be later than the 30th day after the day specified as its effective date.
- (6) A pooling election is irrevocable.
- (7) In this section—
- “closely-held company” is to be interpreted in accordance with Part 1 of Schedule C1;
- “group” is to be interpreted in accordance with section 170.
##### 188B
- (1) The companies which make a pooling election form an NRCGT group.
- (2) An NRCGT group continues to exist as long as at least one member of the NRCGT group continues to be a member of the potential pooling group and to meet the conditions in paragraphs (a) to (d) of section 188A(3).
- (3) See also section 188F (companies becoming eligible to join NRCGT group) and section 188G (company ceasing to be a member of an NRCGT group).
##### 188C
- (1) This section applies where a company (“company A”) makes a non-resident CGT disposal to another company (“company B”) at a time when both companies are members of the same NRCGT group.
- (2) In subsections (3) to (5) “*the asset*” means the asset which is the subject of that disposal.
- (3) For the relevant purposes (see subsection (4))—
- (a) company A's acquisition of the asset is treated as company B's acquisition of the asset,
- (b) everything done by company A in relation to the asset in the period of company A's ownership of the asset is accordingly treated as done by company B, and
- (c) the disposal mentioned in subsection (1) is accordingly disregarded.
- (4) The “*relevant purposes*” means the purposes of—
- (a) the determination of whether or not an NRCGT gain or loss accrues on the disposal mentioned in subsection (1) or any subsequent disposal of the asset;
- (b) the determination of the amount of any such gain or loss;
- (c) the treatment for capital gains tax purposes of any such gain or loss.
- (5) Accordingly, references in subsection (3) to an acquisition made by, or anything else done by, company A include anything that company A is treated as having done as a result of the application of this section in relation to an earlier disposal of the asset.
- (6) Nothing in this section affects the treatment of the disposal in question for any other purposes (including the computation of any gains or losses, other than NRCGT gains or losses, that may accrue on the disposal).
##### 188D
- (1) The relevant body for a tax year (“year Y”) of an NRCGT group (see subsection (4)) is chargeable to capital gains tax in respect of chargeable NRCGT gains accruing to members of the group in the tax year on non-resident CGT disposals (and section 14D(1) does not apply to such gains).
- (2) Capital gains tax is charged on the total amount of chargeable NRCGT gains accruing in year Y to members of the NRCGT group, after deducting—
- (a) any allowable NRCGT losses accruing in year Y to any member of the NRCGT group,
- (b) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable NRCGT losses which in any previous tax year (not earlier than the tax year 2015-16) accrued to any member of the NRCGT group, and
- (c) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable losses (not falling within paragraph (b)) on disposals of UK residential property interests which in any previous tax year (not earlier than the tax year 1965-66) accrued to any company which is, at any time in year Y, a member of the NRCGT group.
- (3) The only deductions that can be made in calculating the total amount of chargeable NRCGT gains accruing as mentioned in subsection (2) are those permitted by this section.
- (4) The “relevant body” of an NRCGT group for a tax year is the body constituted by all the companies which are members of that NRCGT group at any time in that tax year.
- (5) This Act and the Management Act have effect with any modifications that may be necessary in relation to cases where the relevant body of an NRCGT group is chargeable to capital gains tax in accordance with this section.
##### 188E
- (1) Relief is not to be given under this Act more than once in respect of a group loss or any part of a group loss.
- (2) Relief is not to be given under this Act in respect of a group loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
- (3) No relief is to be given otherwise than in accordance with this section for group losses.
- (4) In this section “*group loss*” means an NRCGT loss accruing to a member of an NRCGT group.
##### 188F
- (1) A company which is not a member of an NRCGT group and is eligible to become a member of that group may elect to do so.
- (2) A company is eligible to become a member of an NRCGT group at any time when it—
- (a) is a member of the potential pooling group, and
- (b) meets the qualifying conditions.
But see subsections (3) and (4).
- (3) Subsection (4) applies if, throughout a period of 12 months, a company—
- (a) holds a UK residential asset, and
- (b) is eligible to become a member of an NRCGT group.
- (4) If the company has not elected to become a member of the NRCGT group by the end of that period of 12 months, the company is not eligible to become a member of the NRCGT group at any time after the end of that period of 12 months.
- (5) The effect of subsection (4) in relation to a company expires if at any time the company—
- (a) no longer holds the whole or part of any UK residential asset that was held by the company at any time in the 12 month period referred to in subsection (3), but
- (b) holds another UK residential asset.
- (6) For the purposes of this section a person holds a “UK residential asset” at any time when the person holds an interest in UK land the disposal of which would be a disposal of a UK residential property interest.
##### 188G
- (1) A company ceases to be a member of an NRCGT group if it ceases—
- (a) to be a member of the potential pooling group, or
- (b) to meet the any of the conditions in paragraphs (a) to (d) of section 188A(3).
- (2) Where a company ceases to be a member of an NRCGT group, the company is treated for the purposes of this Act and the Management Act as having—
- (a) disposed of the relevant assets immediately before the company ceased to be a member of the NRCGT group, and
- (b) immediately re-acquired them,
at their market value at that time.
- (3) References in subsection (2) to a company ceasing to be a member of an NRCGT group do not apply to cases where a company ceases to be a member of the potential pooling group in consequence of another member of that group ceasing to exist.
- (4) Subsection (2) does not apply in a case where all the companies which are members of an NRCGT group cease to be members of that NRCGT group by reason only of an event which causes—
- (a) the principal company of the potential pooling group to cease to be a closely-held company, or
- (b) the head of a sub-group of which they are members, to cease to be a closely-held company or to become a member of another group (as defined in section 170).
- (5) Subsection (2) does not apply where a company which is a member of an NRCGT group ceases to be a member of the potential pooling group by reason only of the fact that the principal company of the potential pooling group becomes a member of another group (as defined in section 170).
- (6) In subsection (2) “*the relevant assets*” means any assets the company holds immediately before it ceases to be a member of the NRCGT group the disposal of which would be a disposal of a UK residential property interest (see Schedule B1).
- (7) For the purposes of this section—
- “*sub-group*” means anything that would be a group (as defined in section 170) in the absence of subsections (4) and (6) of section 170;
- the “head” of a sub-group is the company which is not a 75% subsidiary of any other member of the sub-group;
- references to the “*principal company*” of the potential pooling group are to be interpreted in accordance with section 170.
##### 188H
- (1) Anything required or authorised to be done under this Act or the Management Act by or in relation to the relevant body of an NRCGT group is required or authorised to be done by or in relation to all the responsible members of that NRCGT group for that tax year.
- (2) The “responsible members” of an NRCGT group for a tax year are—
- (a) all the companies which are members of the NRCGT group at any time in that tax year, and
- (b) any companies which have subsequently become members of the NRCGT group.
- (3) This section is subject to section 188J (representative company).
##### 188I
Where the responsible members of an NRCGT group are liable, in connection with their responsibility under section 188H to make a payment of tax or interest on unpaid tax, or pay any other amount, that liability is a joint and several liability of those responsible members.
##### 188J
- (1) Anything required or authorised to be done under this Act or the Management Act by or in relation to the relevant body of an NRCGT group may instead be done by or in relation to the company which is for the time being the representative company of the group.
- (2) This includes the making of the declaration required by section 9(2) or 12ZB(4)(b) of the Management Act (declaration that return is correct and complete).
- (3) The “*representative company*” means a member of the NRCGT group nominated by all the members of that group for the purposes of this section.
- (4) A nomination under subsection (3), or the revocation of such a nomination, has effect only after written notice of the nomination or revocation has been given to an officer of Revenue and Customs.
##### 188K
- (1) In sections 188A to 188J—
- (a) references to the “*relevant body*” of an NRCGT group are to be interpreted in accordance with section 188D(4);
- (b) references to an NRCGT gain or loss accruing to a member of an NRCGT group are to such a gain or loss accruing to a company at a time when the company is a member of the NRCGT group.
- (2) In sections 188A to 188J and this section—
- “company” is to be interpreted in accordance with section 170(9);
- “*interest in UK land*” has the same meaning as in Schedule B1;
- “*pooling election*” has the meaning given by section 188A(1);
- “*potential pooling group*”, in relation to an NRCGT group, is to be interpreted in accordance with section 188A(1)(b);
- “*qualifying conditions*” has the meaning given by section 188A(3).
##### 222A
- (1) This section applies where—
- (a) an individual (“P”) makes a disposal of, or of an interest in—
- (i) a dwelling-house, or part of a dwelling-house, which was at any time in P's period of ownership occupied by P as a residence, or
- (ii) land (as mentioned in section 222(1)(b)) which P had for P's own occupation and enjoyment with that residence as its garden or grounds, and
- (b) the disposal is a non-resident CGT disposal (see section 14B).
In the remainder of this section the residence concerned is referred to as “*the dwelling-house*”.
- (2) So far as it is necessary for the purposes of section 222, P may determine, by a notice under this section, which of 2 or more residences (of which one is the dwelling-house) was P's main residence for any period within P's period of ownership of the dwelling-house.
- (3) A notice under this section may vary, as respects any period within P's period of ownership of the dwelling-house, a notice previously given under section 222(5)(a).
See also subsections (4) and (7).
- (4) A notice under this section may not vary a notice previously given under section 222(5)(a) as respects any period for which the previous notice had the effect of determining whether or not a disposed of residence was P's main residence.
- (5) In subsection (4) “*disposed of residence*” means one of P's residences which was disposed of (in whole or in part) before the date of the disposal mentioned in subsection (1)(a).
- (6) A notice under this section—
- (a) must be given in the NRCGT return in respect of the disposal mentioned in subsection (1)(a), and
- (b) may not subsequently be varied, whether by a notice under this section or section 222(5)(a).
- (7) Where a notice under this section affects both P and an individual (“X”) who was, in the period to which the notice relates (“*the relevant period*”), P's spouse or civil partner living with P—
- (a) in a case where each of P and X is required to make an NRCGT return in respect of the disposal of an interest in the dwelling-house, notice given by P under this section is effective as respects any part of the relevant period when P and X were living together as spouses or civil partners only if notice to the same effect is also given under this section by X in respect of that period;
- (b) in any other case, notice given by P under this section is effective as respects any part of the relevant period when P and X were living together as spouses or civil partners only if it is accompanied by written notification from X agreeing to the terms of the notice in respect of that period.
- (8) Nothing in subsection (2) affects the application of section 222(5) in relation to P.
##### 222B
- (1) For the purposes of sections 222 to 226 the dwelling-house or part of a dwelling-house mentioned in section 222(1) is treated as not being occupied as a residence by the individual so mentioned (“P”) at any time in P's period of ownership which falls within—
- (a) a non-qualifying tax year, or
- (b) a non-qualifying partial tax year.
In the remainder of this section the dwelling-house or part of a dwelling-house is referred to as “*the dwelling-house*”.
- (2) Except where the disposal mentioned in section 222(1) is a non-resident CGT disposal, subsection (1) does not have effect in respect of any tax year or partial tax year before the tax year 2015-16.
- (3) A tax year the whole of which falls within P's period of ownership is “*a non-qualifying tax year*” in relation to the dwelling-house if—
- (a) neither P nor P's spouse or civil partner was resident for that tax year in the territory in which the dwelling-house is situated, and
- (b) the day count test was not met by P with respect to the dwelling-house for that tax year (see section 222C).
- (4) A partial tax year is “*a non-qualifying partial tax year*” in relation to the dwelling-house if—
- (a) neither P nor P's spouse or civil partner was resident for the tax year in question in the territory in which the dwelling-house is situated, and
- (b) the day count test was not met by P with respect to the dwelling-house for that partial tax year.
- (5) Where part only of a tax year falls within P's period of ownership, that part is a “*partial tax year*” for the purposes of this section.
- (6) For the purposes of this section an individual is resident in a territory outside the United Kingdom (“the overseas territory”) for a tax year (“year X”) in relation to which condition A or B is met.
- (7) Condition A is that the individual is, in respect of a period or periods making up more than half of year X, liable to tax in the overseas territory under the law of that territory by reason of the individual's domicile or residence.
- (8) Condition B is that the individual would be resident in the overseas territory for year X in accordance with the statutory residence test in Part 1 of Schedule 45 to the Finance Act 2013, if in Parts 1 and 2 of that Schedule—
- (a) any reference to the United Kingdom (however expressed) were read as a reference to the overseas territory,
- (b) “overseas” meant anywhere outside that territory, and
- (c) in paragraph 26 (meaning of “work”), sub-paragraphs (2) to (4), (6) and (7) were disregarded.
- (9) In applying the statutory residence test in accordance with subsection (8), any determination of whether—
- (a) the individual was resident in the overseas territory for a tax year preceding year X, or
- (b) another individual is resident in the overseas territory for year X,
is to be made in accordance with the statutory residence test, as modified by subsection (8).
- (10) Section 11(1)(a) (visiting forces etc) is to be disregarded in determining for the purposes of this section whether or not an individual is resident in the United Kingdom.
- (11) Subsection (1) is subject to—
- (a) section 222(8) (job-related accommodation), and
- (b) section 223(3) (absence reliefs).
##### 222C
- (1) This section explains how P meets the day count test (see section 222B) with respect to the dwelling-house or part of a dwelling-house mentioned in section 222(1) for a full or partial tax year.
In the remainder of this section the dwelling-house or part of a dwelling-house is referred to as “*the dwelling-house*”.
- (2) P meets that test for a tax year with respect to the dwelling-house if, during that year, P spends at least 90 days in one or more qualifying houses.
- (3) P meets that test for a partial tax year with respect to the dwelling-house if, during that partial tax year, P spends at least the relevant number of days in one or more qualifying houses.
- (4) To find the relevant number of days for the purposes of subsection (3), multiply 90 days by the relevant fraction and round up the result to the nearest whole number of days if necessary.
- (5) The relevant fraction is—
$$X Y$where—“X” is the number of days in the partial tax year;“Y” is the number of days in the tax year.$
- (6) For the purposes of subsections (2) and (3) the days need not be consecutive, and days spent in different qualifying houses may be aggregated.
- (7) A day spent by P's spouse or civil partner in a dwelling-house or part of a dwelling-house which is a qualifying house in relation to P counts as a day spent by P in the qualifying house (but no day is to be counted twice as a result of this subsection).
- (8) For the purposes of this section, a day counts as a day spent by an individual in a qualifying house if—
- (a) the individual is present at the house at the end of the day, or
- (b) the individual—
- (i) is present in the house for some period during the day, and
- (ii) the next day, has stayed overnight in the house.
- (9) For the purposes of this section—
- (a) the dwelling-house is a qualifying house in relation to P, and
- (b) any other dwelling-house or part of a dwelling-house which is situated in the same territory as the dwelling-house is a qualifying house in relation to P at any particular time if at that time any of the following has an interest in it—
- (i) P,
- (ii) an individual who is P's spouse or civil partner at that time, and
- (iii) an individual who is P's spouse or civil partner at the time of disposal of the dwelling-house.
- (10) In this section “*partial tax year*” has the meaning given by section 222B(5).
##### 223A
- (1) This section applies where—
- (a) the individual mentioned in section 223(1) (“P”) acquired the asset to which the gain mentioned in section 222(1) is attributable before 6 April 2015, and
- (b) P's period of ownership for the purposes of section 223 begins on that date because of section 223(7)(b).
- (2) Times before 6 April 2015 are to be ignored in determining whether or not condition A in section 223 is met in relation to a period of absence, unless P elects that this subsection is not to apply in relation to the period.
- (3) An election under subsection (2)—
- (a) must specify which day before 6 April 2015 P relies on in relation to the period of absence for the purpose of meeting condition A in section 223, and
- (b) must be made in the NRCGT return in respect of the disposal.
- (4) Where P has made an election under subsection (2), section 223 applies as if relevant prior periods of absence counted against the maximum periods (and maximum aggregate periods) specified in subsection (3)(a), (c) and (d) of that section.
- (5) In relation to a maximum period (or maximum aggregate period) specified in paragraph (a), (c) or (d) of section 223(3), “*relevant prior period of absence*” means a period of absence which would have counted against that maximum period (or maximum aggregate period) if the bridge period were included in the period of ownership.
- (6) In subsection (5) “*the bridge period*” means the period beginning with the day specified in the election and ending with 5 April 2015.
- (7) In this section “*period of absence*” has the same meaning as in section 223.
#### Identification of exempt employee shareholder shares
#### De-registration of registered pension schemes
#### Gains and losses on investments in social enterprises
#### Charities.
##### 261ZA
- (1) This section applies where the disposal in relation to which a claim could be made under section 260 is a disposal of a UK residential property interest to a transferee who is not resident in the United Kingdom and, ignoring section 260—
- (a) a gain would accrue to the transferor on the disposal, and
- (b) on the assumption that the disposal is a non-resident CGT disposal (whether or not that is the case), that gain would be a chargeable NRCGT gain (see section 57B and Schedule 4ZZB).
- (2) Section 260(3) has effect in relation to the disposal as if it read—
> (3) Where this subsection applies in relation to a disposal, the amount of any chargeable gain which, apart from this section, would accrue to the transferor on the disposal, shall be reduced by an amount equal to the held-over gain on the disposal.
- (3) Where the disposal is a non-resident CGT disposal—
- (a) section 260(3), as modified by subsection (2) of this section, and section 260(4) have effect in relation to the disposal as if the references to “chargeable gain” were references to “chargeable NRCGT gain”, and
- (b) section 260(5) has effect in relation to the disposal as if the reference to “the excess referred to in paragraph (b) above” were a reference to “the chargeable NRCGT gain which, ignoring this section and section 17(1), would accrue to the transferor on the disposal”.
- (4) Where a claim for relief is made under section 260 in relation to the disposal mentioned in subsection (1), on a subsequent disposal by the transferee of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1), the whole or a corresponding part of the held-over gain (see section 260(4))—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as a chargeable NRCGT gain accruing on a non-resident CGT disposal.
- (5) Where the subsequent disposal mentioned in subsection (4) is a disposal within section 260(2)(a), subsection (7) of that section has effect in relation to the disposal as if—
- (a) the reference to “the chargeable gain accruing to the transferee on the disposal of the asset” were a reference to the chargeable gain accruing on the disposal as computed apart from subsection (4), and
- (b) the reference in section 260(7)(b) to “the chargeable gain” were a reference to—
- (i) the chargeable gain (or, where the disposal is a non-resident CGT disposal, the chargeable NRCGT gain) accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
#### Treating trade loss etc as CGT loss
#### Effect of election under section 279A
#### Consideration payable by instalments.
#### Repayment supplements.
## SCHEDULE B1
### Meaning of “disposal of a UK residential property interest”
##### 1
- (1) For the purposes of this Act, the disposal by a person (“P”) of an interest in UK land (whether made before or after this Schedule comes into force) is a “disposal of a UK residential property interest” if the first or second condition is met.
- (2) The first condition is that—
- (a) the land has at any time in the relevant ownership period consisted of or included a dwelling, or
- (b) the interest in UK land subsists for the benefit of land that has at any time in the relevant ownership period consisted of or included a dwelling.
- (3) The second condition is that the interest in UK land subsists under a contract for an off-plan purchase.
- (4) In sub-paragraph (2) “*relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the interest in UK land or 6 April 2015 (whichever is later), and
- (b) ending with the day before the day on which the disposal occurs.
- (5) If the interest in UK land disposed of by P as mentioned in sub-paragraph (1) results from interests in UK land which P has acquired at different times (“the acquired interests”), P is regarded for the purposes of sub-paragraph (4)(a) as having acquired the interest when P first acquired any of the acquired interests.
- (6) In this paragraph—
- “*contract for an off-plan purchase*” means a contract for the acquisition of land consisting of, or including, a building or part of a building that is to be constructed or adapted for use as a dwelling;
- “*dwelling*” has the meaning given by paragraph 4.
- (7) Paragraphs 10 and 21 of Schedule 4ZZB contain further provision about interests under contracts for off-plan purchases.
### “Interest in UK land”
##### 2
- (1) In this Schedule, “*interest in UK land*” means—
- (a) an estate, interest, right or power in or over land in the United Kingdom, or
- (b) the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power,
other than an excluded interest.
- (2) The following are excluded interests—
- (a) any security interest;
- (b) a licence to use or occupy land;
- (c) in England and Wales or Northern Ireland—
- (i) a tenancy at will;
- (ii) a manor.
- (3) In sub-paragraph (2) “*security interest*” means an interest or right (other than a rentcharge) held for the purpose of securing the payment of money or the performance of any other obligation.
- (4) In relation to land in Scotland the reference in sub-paragraph (3) to a rentcharge is to be read as a reference to a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000 (asp 5).
- (5) The Treasury may by regulations provide that any other description of interest or right in relation to land in the United Kingdom is an excluded interest.
- (6) Regulations under sub-paragraph (5) may make incidental, consequential, supplementary or transitional provision or savings.
### Grants of options
##### 3
- (1) Sub-paragraph (2) applies where—
- (a) a person (“P”) grants at any time an option binding P to sell an interest in UK land, and
- (b) a disposal by P of that interest in UK land at that time would be a disposal of a UK residential property interest by virtue of paragraph 1.
- (2) The grant of the option is regarded for the purposes of this Schedule as the disposal of an interest in the land in question (if it would not be so regarded apart from this paragraph).
- (3) Nothing in this paragraph affects the operation of section 144 in relation to the grant of the option (or otherwise).
- (4) Subsection (6) of section 144 (interpretation of references to “sale” etc) applies for the purposes of this paragraph as it applies for the purposes of that section.
### Meaning of “dwelling”
##### 4
- (1) For the purposes of this Schedule, a building counts as a dwelling at any time when—
- (a) it is used or suitable for use as a dwelling, or
- (b) it is in the process of being constructed or adapted for such use.
- (2) Land that at any time is, or is intended to be, occupied or enjoyed with a dwelling as a garden or grounds (including any building or structure on such land) is taken to be part of that dwelling at that time.
- (3) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it is used as—
- (a) residential accommodation for school pupils;
- (b) residential accommodation for members of the armed forces;
- (c) a home or other institution providing residential accommodation for children;
- (d) a home or other institution providing residential accommodation with personal care for persons in need of personal care by reason of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder;
- (e) a hospital or hospice;
- (f) a prison or similar establishment;
- (g) a hotel or inn or similar establishment.
- (4) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it is used, or suitable for use, as an institution (not falling within any of paragraphs (c) to (f) of sub-paragraph (3)) that is the sole or main residence of its residents.
- (5) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it falls within—
- (a) paragraph 4 of Schedule 14 to the Housing Act 2004 (certain buildings occupied by students and managed or controlled by their educational establishment etc),
- (b) any corresponding provision having effect in Scotland, or
- (c) any corresponding provision having effect in Northern Ireland.
- (6) In sub-paragraph (5) “*corresponding provision*” means provision designated by regulations made by the Treasury as corresponding to the provision mentioned in sub-paragraph (5)(a).
- (7) If the accommodation provided by a building meets the conditions in sub-paragraph (8) in a tax year, the building is not to be regarded for the purposes of sub-paragraph (1) as used or suitable for use as a dwelling at any time in that tax year.
- (8) The conditions are that the accommodation—
- (a) includes at least 15 bedrooms,
- (b) is purpose-built for occupation by students, and
- (c) is occupied by students on at least 165 days in the tax year.
In the expression “purpose-built” the reference to building includes conversion.
- (9) For the purposes of sub-paragraph (8), accommodation is occupied by students if it is occupied exclusively or mainly by persons who occupy it for the purpose of undertaking a course of education (otherwise than as school pupils).
- (10) A building which (for any reason) becomes temporarily unsuitable for use as a dwelling is treated for the purposes of sub-paragraph (1) as continuing to be suitable for use as a dwelling; but see also the special rules in—
- (a) paragraph 6 (damage to a dwelling), and
- (b) paragraph 8(7) (periods before or during certain works).
- (11) In this paragraph “*building*” includes a part of a building.
### Power to modify meaning of “use as a dwelling”
##### 5
- (1) The Treasury may by regulations amend paragraph 4 for the purpose of clarifying or changing the cases where a building is or is not to be regarded as being used as a dwelling (or suitable for use as a dwelling).
- (2) The provision that may be made under sub-paragraph (1) includes, in particular, provision omitting or adding cases where a building is or is not to be regarded as being used (or as suitable for use) as a dwelling.
- (3) Regulations under this paragraph may make incidental, consequential, supplementary or transitional provision or savings.
- (4) In this paragraph “*building*” includes a part of a building.
### Damage to a dwelling
##### 6
- (1) Sub-paragraph (2) applies where a person disposes of an interest in UK land and a building that forms, or has formed, part of the land has at any time in the relevant ownership period been temporarily unsuitable for use as a dwelling.
- (2) Paragraph 4(10) (disregard of temporary unsuitability) does not apply in relation to the building's temporary unsuitability for use as a dwelling if—
- (a) the temporary unsuitability resulted from damage to the building, and
- (b) the first and second conditions are met.
- (3) The first condition is that the damage was—
- (a) accidental, or
- (b) otherwise caused by events beyond the control of the person disposing of the interest in UK land.
- (4) The second condition is that, as a result of the damage, the building was unsuitable for use as a dwelling for a period of at least 90 consecutive days.
- (5) Where the first and second conditions are met, work done in the 90-day period to restore the building to suitability for use as a dwelling does not count, for the purposes of paragraph 4(1), as construction or adaptation of the building for use as a dwelling.
- (6) The first condition is regarded as not being met if the damage occurred in the course of work that—
- (a) was being done for the purpose of altering the building, and
- (b) itself involved, or could be expected to involve, making the building unsuitable for use as a dwelling for 30 days or more.
- (7) The 90-day period mentioned in sub-paragraph (4) must end at or before the end of the relevant ownership period but may begin at any time (whether or not within the ownership period).
- (8) In this paragraph—
- (a) references to alteration include partial demolition;
- (b) “*building*” includes a part of a building;
- (c) “*relevant ownership period*” has the meaning given by paragraph 1(4).
### Demolition of a building
##### 7
A building is regarded as ceasing to exist from the time when it has either—
- (a) been demolished completely to ground level, or
- (b) been demolished to ground level except for a single facade (or, in the case of a building on a corner site, a double facade) the retention of which is a condition or requirement of planning permission or development consent.
### Disposal of a building that has undergone works
##### 8
- (1) This paragraph applies where a person disposes of an interest in UK land, and a building which is (or was formerly) on the land and has at any time in the relevant ownership period been suitable for use as a dwelling—
- (a) has undergone complete or partial demolition or any other works during the relevant ownership period, and
- (b) as a result of the works, has, at or at any time before the completion of the disposal, either ceased to exist or become unsuitable for use as a dwelling.
- (2) If the conditions in sub-paragraph (4) are met at, or at any time before, the completion of the disposal, the building is taken to have been unsuitable for use as a dwelling throughout the part of the relevant ownership period when the works were in progress.
- (3) If the conditions in sub-paragraph (4) are met at, or at any time before, the completion of the disposal, the building is also taken to have been unsuitable for use as a dwelling throughout any period which—
- (a) ends immediately before the commencement of the works, and
- (b) is a period throughout which the building was, for reasons connected with the works, not used as a dwelling.
- (4) The conditions are that—
- (a) as a result of the works the building has (at any time before the completion of the disposal) either ceased to exist or become suitable for use otherwise than as a dwelling,
- (b) any planning permission or development consent required for the works, or for any change of use with which they are associated, has been granted, and
- (c) the works have been carried out in accordance with any such permission or consent.
- (5) If at the completion of the disposal the conditions in sub-paragraph (4) have not been met, the works are taken not to have affected the building's suitability for use as a dwelling (at any time before the disposal).
- (6) Sub-paragraph (2) does not apply in relation to any time when—
- (a) the building was undergoing any work, or put to a use, in relation to which planning permission or development consent was required but had not been granted, or
- (b) anything was being done in contravention of a condition or requirement attached to a planning permission or development consent relating to the building.
- (7) Where a building is treated under sub-paragraph (2) or (3) as unsuitable for use as a dwelling, the unsuitability is not regarded as temporary for the purposes of paragraph 4(10).
- (8) In this paragraph—
- “*building*” includes a part of a building;
- “*relevant ownership period*” has the meaning given by paragraph 1(4).
### Retrospective planning permission or development consent
##### 9
- (1) The condition in paragraph 8(4)(b) is taken to have been met at the time of the completion of the disposal if the required planning permission or development consent is given subsequently.
- (2) For the purposes of paragraph 8(6)(a), the fact that planning permission or development consent had not been given at any time in relation to any work or use of a building is ignored if the required planning permission or development consent is given subsequently.
### Interpretation
##### 10
- (1) For the purposes of this Schedule, the “completion” of the disposal of an interest in UK land is taken to occur—
- (a) at the time of the disposal, or
- (b) if the disposal is under a contract which is completed by a conveyance, at the time when the interest is conveyed.
- (2) In this Schedule—
- “*conveyance*” includes any instrument (and “*conveyed*” is to be construed accordingly);
- “*development consent*” means development consent under the Planning Act 2008;
- “*interest in UK land*” has the meaning given by paragraph 2;
- “*land*” includes a building;
- “*planning permission*” has the meaning given by the relevant planning enactment.
- (3) In sub-paragraph (2) “*the relevant planning enactment*” means—
- (a) in relation to land in England and Wales, section 336(1) of the Town and Country Planning Act 1990;
- (b) in relation to land in Scotland, section 227(1) of the Town and Country Planning (Scotland) Act 1997;
- (c) in relation to land in Northern Ireland, Article 2(2) of the Planning (Northern Ireland) Order 1991 (S.I. 1991/1220 (N.I. 11)).
## SCHEDULE C1
## PART 1 — Meaning of “closely-held company”
### Introduction
##### 1
This Part of this Schedule sets out the rules for determining, for the purposes of sections 14F and 14G, whether or not a company is a closely-held company.
### Main definition
##### 2
- (1) “*Closely-held company*” means a company in relation to which condition A or B is met.
- (2) Condition A is that the company is under the control of 5 or fewer participators.
- (3) Condition B is that 5 or fewer participators together possess or are entitled to acquire—
- (a) such rights as would, in the event of the winding up of the company (“*the relevant company*”) on the basis set out in paragraph 3, entitle them to receive the greater part of the assets of the relevant company which would then be available for distribution among the participators, or
- (b) such rights as would, in that event, so entitle them if there were disregarded any rights which any of them or any other person has as a loan creditor (in relation to the relevant company or any other company).
##### 3
- (1) This paragraph applies for the purposes of paragraph 2(3).
- (2) In the notional winding up of the relevant company, the part of the assets available for distribution among the participators which any person is entitled to receive is the aggregate of—
- (a) any part of those assets which the person would be entitled to receive in the event of the winding up of the relevant company, and
- (b) any part of those assets which the person would be entitled to receive if—
- (i) any other company which is a participator in the relevant company and is entitled to receive any assets in the notional winding up were also wound up on the basis set out in this paragraph, and
- (ii) the part of the assets of the relevant company to which the other company is entitled were distributed among the participators in the other company in proportion to their respective entitlement to the assets of the other company available for distribution among the participators.
- (3) In the application of sub-paragraph (2)—
- (a) to the notional winding up of the other company mentioned in paragraph (b) of that sub-paragraph, and
- (b) to any further notional winding up required by that paragraph (or by any further application of that paragraph),
references to “the relevant company” are to be read as references to the company concerned.
##### 4
- (1) This paragraph applies for the purpose of determining whether, under sub-paragraph (3) of paragraph 2, 5 or fewer participators together possess or are entitled to acquire rights such as are mentioned in paragraph (a) or (b) of that sub-paragraph.
- (2) A person is to be treated as a participator in the relevant company if the person is a participator in any other company which would be entitled to receive assets in the notional winding up of the relevant company on the basis set out in paragraph 3.
- (3) No account is to be taken of a participator which is a company unless the company possesses or is entitled to acquire the rights in a fiduciary or representative capacity.
- (4) But sub-paragraph (3) does not apply for the purposes of paragraph 3.
##### 5
- (1) A company is not to be treated as a closely-held company if condition A or B is met.
- (2) Condition A is that the company cannot be treated as a closely-held company except by taking, as one of the 5 or fewer participators requisite for its being so treated, a person which is a diversely-held company.
- (3) Condition B is that the company—
- (a) would not be a closely-held company were it not for paragraph (a) of paragraph 2(3) or paragraph (d) of paragraph 7(2), and
- (b) would not be a closely-held company if the references in paragraphs 2(3)(a) and 7(2)(d) to participators did not include loan creditors which are diversely-held companies or qualifying institutional investors.
- (4) In this paragraph “*qualifying institutional investor*” means any of the following persons—
- (a) a scheme (as defined in section 14F(7)) which is a widely-marketed scheme;
- (b) the trustee or manager of a qualifying pension scheme;
- (c) a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012);
- (d) a person who cannot be liable for corporation tax or income tax (as relevant) on the ground of sovereign immunity.
- (5) In sub-paragraph (4)(b) “*qualifying pension scheme*” means a pension scheme (as defined in section 150(1) of the Finance Act 2004) other than—
- (a) an investment-regulated pension scheme within the meaning of Part 1 of Schedule 29A to that Act, or
- (b) a pension scheme that would be an investment-regulated pension scheme if it were a registered pension scheme.
- (6) The Treasury may by regulations amend sub-paragraphs (4) and (5).
- (7) Regulations under sub-paragraph (6) may make incidental, consequential, supplementary or transitional provision or savings.
##### 6
- (1) Sub-paragraph (2) applies where a participator in a company is a qualifying institutional investor.
- (2) For the purpose of determining whether or not the company is a closely-held company, any share or interest which the qualifying institutional investor has as a participator in the company (in any of the ways set out in section 454(2) of CTA 2010 or otherwise) is treated as a share or interest held by more than 5 participators.
- (3) Sub-paragraph (4) applies where a participator in a company is a general partner of a limited partnership which is a collective investment scheme (as defined in section 235 of the Financial Services and Markets Act 2000).
- (4) For the purpose of determining whether or not the company is a closely-held company, any share or interest which the general partner has as a participator in the company (in any of the ways set out in section 454(2) of CTA 2010 or otherwise) is treated as a share or interest held by more than 5 participators.
- (5) Sub-paragraph (4) does not apply to—
- (a) any rights which would, in the event of the winding up of the company (“*the relevant company*”) on the basis set out in paragraph 3, or in any other circumstances, entitle the general partner (or a participator in the general partner) to receive assets of the company which would then be available for distribution among the participators, or
- (b) any rights which would, in that event, so entitle the general partner (or a participator in the general partner) if there were disregarded any rights which a person has as a loan creditor (in relation to the relevant company or another company).
- (6) In this paragraph “*limited partnership*” means—
- (a) a limited partnership registered under the Limited Partnerships Act 1907, or
- (b) a firm or entity of a similar character formed under the law of a territory outside the United Kingdom.
- (7) In this paragraph, “*general partner*”, in relation to a limited partnership, means a partner other than a limited partner.
- (8) In this paragraph, “*limited partner*” means a person carrying on business as a partner in a limited partnership who—
- (a) is not entitled to take part in the management of that business, and
- (b) is entitled to have any liabilities of that business (or those beyond a certain limit) for debts or obligations incurred for the purposes of that business met or reimbursed by some other person.
- (9) In this paragraph “*qualifying institutional investor*” has the same meaning as in paragraph 5.
### Meaning of “control”
##### 7
- (1) For the purposes of this Schedule, a person (“P”) is treated as having control of a company (“C”) if P—
- (a) exercises,
- (b) is able to exercise, or
- (c) is entitled to acquire,
direct or indirect control over C's affairs.
- (2) In particular, P is treated as having control of C if P possesses or is entitled to acquire—
- (a) the greater part of the share capital or issued share capital of C,
- (b) the greater part of the voting power in C,
- (c) so much of the issued share capital of C as would, on the assumption that the whole of the income of C were distributed among the participators, entitle P to receive the greater part of the amount so distributed, or
- (d) such rights as would entitle P, in the event of the winding up of C or in any other circumstances, to receive the greater part of the assets of C which would then be available for distribution among the participators.
- (3) Any rights that P or any other person has as a loan creditor are to be disregarded for the purposes of the assumption in sub-paragraph (2)(c).
- (4) If two or more persons together satisfy any of the conditions in sub-paragraphs (1) and (2), they are treated as having control of C.
##### 8
- (1) This paragraph applies for the purposes of paragraph 7.
- (2) If a person—
- (a) possesses any rights or powers on behalf of another person (“A”), or
- (b) may be required to exercise any rights or powers on A's direction or on A's behalf,
those rights or powers are to be attributed to A.
- (3) There are also to be attributed to P all the rights and powers of any associate of P (including rights and powers exercisable jointly by any two or more associates of P).
- (4) In this paragraph “*associate*”, in relation to P, means—
- (a) any relative of P,
- (b) the trustees of any settlement in relation to which P is a settlor, and
- (c) the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor.
- (5) In this paragraph “*relative*” means—
- (a) a spouse or civil partner,
- (b) a parent or remoter forebear,
- (c) a child or remoter issue, or
- (d) a brother or sister.
### Interpretation
##### 9
In this Part of this Schedule—
- “*diversely-held company*” means a company which is not a closely-held company;
- “*loan creditor*” has the meaning given by section 453 of CTA 2010;
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act);
- “*participator*”, in relation to a company, has the meaning given by section 454 of CTA 2010.
## PART 2 — Unit trust schemes and OEICs: widely-marketed schemes
### Introduction
##### 10
- (1) This Part of this Schedule sets out the rules for determining, for the purposes of this Schedule and section 14F, whether or not a scheme is a widely-marketed scheme at any time.
- (2) In this Part of this Schedule “*scheme*” has the same meaning as in section 14F.
### Widely-marketed schemes
##### 11
- (1) A scheme is a widely-marketed scheme at any time when the scheme meets conditions A to C.
- (2) Condition A is that the scheme produces documents, available to investors and to Her Majesty's Revenue and Customs, which contain—
- (a) a statement specifying the intended categories of investor,
- (b) an undertaking that units in the scheme will be widely available, and
- (c) an undertaking that units in the scheme will be marketed and made available in accordance with the requirements of sub-paragraph (5)(a).
- (3) Condition B is that—
- (a) that amount falls to be taken into account in calculating a chargeable gain (the “relevant gain”) which accrues to a company (“*the relevant company*”), and
- (b) losses accrue (or have accrued) to the relevant company (whether before or after or as part of the arrangements).
- (4) Condition C is that, but for the arrangements, an amount would have fallen to be taken into account wholly or partly instead of the amount mentioned in subsection (2) in calculating the income chargeable to corporation tax—
- (a) of the relevant company, or
- (b) of a company which, at any qualifying time, is a member of the same group as the relevant company.
- (5) Condition D is that—
- (a) the main purpose of the arrangements, or
- (b) one of the main purposes of the arrangements,
is to secure a tax advantage that involves the deduction of any of the losses from the relevant gain (whether or not it also involves anything else).
- (6) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied, they may give the relevant company a notice in respect of the arrangements (but see also section 184I).
- (7) If, when the notice is given, conditions A to D are satisfied, no loss accruing to the relevant company at any time is to be deductible from the relevant gain.
- (8) A notice under this section must—
- (a) specify the arrangements,
- (b) specify the accounting period in which the relevant gain accrues, and
- (c) inform the relevant company of the effect of this section.
- (9) If relevant gains accrue in more than one accounting period, a single notice under this section may specify all the accounting periods concerned.
- (10) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*group*”, in relation to companies, means a group determined in accordance with section 170,
- “*qualifying time*”, in relation to any arrangements, means any time which falls in the period—beginning with the time at which the arrangements are made, andending with the time at which the matters (other than any tax advantage) intended to be secured by the arrangements are secured,
- “*tax advantage*” has the meaning given by section 184D.
##### 184H
- (1) This section applies for the purposes of corporation tax in respect of chargeable gains if conditions A to D are satisfied.
- (2) Condition A is that—
- (a) a chargeable gain (the “relevant gain”) accrues to a company (“*the relevant company*”) directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) losses accrue (or have accrued) to the relevant company ... (whether before or after or as part of the arrangements).
- (3) Condition B is that the relevant company, or a company connected with the relevant company, becomes entitled to an income deduction directly or indirectly in consequence of, or otherwise in connection with, the arrangements.
- (4) Condition C is that the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage that involves both—
- (a) that income deduction, and
- (b) the deduction of any of the losses from the relevant gain,
whether or not it also involves anything else.
- (5) Condition D is that the arrangements are not excluded arrangements. For this purpose arrangements are excluded arrangements if—
- (a) the arrangements are made in respect of land or any estate or interest in land,
- (b) the arrangements fall within section 835(1) or 836(1) of CTA 2010 (sale and lease-back: limitation on tax reliefs),
- (c) the person to whom the payment mentioned in that subsection is payable is not a company connected with the relevant company, and
- (d) the arrangements are made between persons dealing at arm's length.
- (6) If the Board consider, on reasonable grounds, that conditions A to D are or may be satisfied, they may give the company a notice in respect of the arrangements (but see also section 184I).
- (7) If, when the notice is given, conditions A to D are satisfied, no loss accruing to the company at any time is to be deductible from the relevant gain.
- (8) A notice under this section must—
- (a) specify the arrangements,
- (b) specify the accounting period in which the relevant gain accrues, and
- (c) inform the relevant company of the effect of this section.
- (9) If relevant gains accrue in more than one accounting period, a single notice under this section may specify all the accounting periods concerned.
- (10) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*income deduction*” means— a deduction in calculating income for corporation tax purposes, ora deduction from total profits,
- “*tax advantage*” has the meaning given by section 184D.
- (11) For the purposes of this section it does not matter whether the tax advantage is secured for the relevant company or for any other company.
##### 184I
- (1) Subsection (2) applies if—
- (a) the Board give a notice under section 184G or 184H (a “relevant notice”) to a company that specifies an accounting period, and
- (b) the notice is given before the company has made its company tax return for that accounting period.
- (2) If the company makes its return for that period before the end of the applicable 90 day period (see subsection (12)), it may—
- (a) make a return that disregards the notice, and
- (b) at any time after making the return and before the end of the applicable 90 day period, amend the return for the purpose of complying with the provision referred to in the notice.
- (3) If a company has made a company tax return for an accounting period, the Board may give the company a relevant notice in relation to that period only if a notice of enquiry has been given to the company in respect of its return for that period.
- (4) After any enquiries into the return for that period have been completed, the Board may give the company a relevant notice only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries into the return were completed, the Board could not have been reasonably expected, on the basis of information made available—
- (a) to them before that time, or
- (b) to an officer of theirs before that time,
to have been aware that the circumstances were such that a relevant notice could have been given to the company in relation to that period.
- (6) For the purposes of requirement A, paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 (information made available) applies as it applies for the purposes of paragraph 44(1).
- (7) Requirement B is that—
- (a) the company or any other person was requested to produce or provide information during an enquiry into the return for that period, and
- (b) if the request had been duly complied with, the Board could reasonably have been expected to give the company a relevant notice in relation to that period.
- (8) If—
- (a) a company makes a company tax return for an accounting period, and
- (b) the company is subsequently given a relevant notice that specifies that period,
it may amend the return for the purpose of complying with the provision referred to in the notice at any time before the end of the applicable 90 day period.
- (9) If the relevant notice is given to the company after it has been given a notice of enquiry in respect of its return for the period, no closure notice may be given in relation to its company tax return until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of its company tax return for the purpose of complying with the provision referred to in the notice.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the chargeable gain to which the notice relates until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of the company tax return for the purpose of complying with the provision referred to in the notice.
- (11) Subsections (2)(b) and (8) do not prevent a company tax return for a period becoming incorrect if—
- (a) a relevant notice is given to the company in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the provision referred to in the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*the applicable 90 day period*”, in relation to a relevant notice, means the period of 90 days beginning with the day on which the notice is given,
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998,
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of that Schedule, as read with paragraph 4 of that Schedule,
- “*discovery assessment*” means an assessment under paragraph 41 of that Schedule,
- “*notice of enquiry*” means a notice under paragraph 24 of that Schedule.
#### Seed enterprise investment scheme: reduction of relief
#### Treatment of alternative finance arrangements
##### 263E
- (1) This section applies if—
- (a) section 809BZB or 809BZC of ITA 2007 or section 759 or 760 of CTA 2010 (disregard of intended effects of arrangement involving disposals of assets) applies in relation to a structured finance arrangement,
- (b) the borrower or a person connected with the borrower makes a disposal of any security at any time under the arrangement to or for the benefit of the lender or a person connected with the lender, and
- (c) condition A or B is met.
- (2) Condition A is that the person making the disposal (and no-one else) has the right or obligation under the arrangement to acquire the asset disposed of by that disposal at any subsequent time (whether or not the right or obligation is subject to any conditions).
- (a) the specification of the intended categories of investor does not have a limiting or deterrent effect, and
- (b) any other terms or conditions governing participation in the scheme do not have a limiting or deterrent effect.
- (4) In sub-paragraph (3) “*limiting or deterrent effect*” means an effect which—
- (a) limits investors to a limited number of specific persons or specific groups of connected persons, or
- (b) deters a reasonable investor falling within one of (what are specified as) the intended categories of investor from investing in the scheme.
- (5) Condition C is that—
- (a) units in the scheme are marketed and made available—
- (i) sufficiently widely to reach the intended categories of investors, and
- (ii) in a manner appropriate to attract those categories of investors, and
- (b) a person who falls within one of the intended categories of investors can, upon request to the manager of the scheme, obtain information about the scheme and acquire units in it.
- (6) A scheme is not regarded as failing to meet condition C at any time by reason of the scheme's having, at that time, no capacity to receive additional investments, unless—
- (a) the capacity of the scheme to receive investments in it is fixed by the scheme documents (or otherwise), and
- (b) a pre-determined number of specific persons or specific groups of connected persons make investments in the scheme which collectively exhaust all, or substantially all, of that capacity.
### Interpretation
##### 12
In this Part of this Schedule—
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act);
- “*units*” means the rights or interests (however described) of the participants in a unit trust scheme or open-ended investment company.
### Special rule for certain disposals to which both this Schedule and Schedule 4ZZB relate
##### 6A
- (1) This paragraph applies where conditions A and B are met.
- (2) Condition A is that the relevant high value disposal is—
- (a) a non-resident CGT disposal (see section 14B), or
- (b) one of two or more disposals which are (by virtue of section 2C and this Schedule) treated as comprised in a non-resident CGT disposal.
- (3) Condition B is that—
- (a) the asset disposed of by that disposal will subsequently cease to exist at any time, and
- (b) it is intended that that asset will be held by the lender, or a person connected with the lender, from the time of the disposal until that time.
- (4) The disposal of the security by the borrower or a person connected with the borrower is to be disregarded for the purposes of this Act.
- (4A) If, at any time after that disposal, it becomes apparent that—
- (a) the person making the disposal will not subsequently acquire under the arrangement the asset disposed of by that disposal, or
- (b) that asset will not be held as mentioned in subsection (3)(b),
that person is to be treated for the purposes of this Act as disposing of that asset at that time for a consideration equal to its market value at that time.
- (5) Except in a case falling within subsection (4A), any subsequent acquisition by the person making the disposal of the asset disposed of by that disposal is to be disregarded for the purposes of this Act.
- (6) In this section—
- “*the borrower*”, in relation to a structured finance arrangement, means the person who is the borrower under the arrangement for the purposes of the defining section,
- “*the defining section*” in relation to a structured finance arrangement— means section 809BZA of ITA 2007 if it is section 809BZB or 809BZC of ITA 2007 that applies in relation to the arrangement, andmeans section 758 of CTA 2010 if it is section 759 or 760 of CTA 2010 that applies in relation to the arrangement,
- “*the lender*”, in relation to a structured finance arrangement, means the person who is the lender under the arrangement for the purposes of the defining section,
- “*security*” means any such asset as is mentioned in subsection (2)(b) and (c) of the defining section.
- (7) For the purposes of this section—
- (a) references to a person connected with the borrower do not include the lender, and
- (b) references to a person connected with the lender do not include the borrower.
##### 268A
- (1) A gain accruing on a disposal is not a chargeable gain if it accrues on—
- (a) a disposal of the right to receive the whole or any part of a qualifying payment in respect of National-Socialist persecution, or
- (b) a disposal of an interest in any such right.
- (2) A payment is a qualifying payment in respect of National-Socialist persecution if it is payable as mentioned in paragraphs (a) to (c) of section 756A(1) of ITTOIA 2005 (income tax exemption for payments to or in respect of victims of National-Socialist persecution).
- (3) In this section “*interest*”, in relation to any right, means an interest as a co-owner of the right.
- (4) It does not matter—
- (a) whether the right is owned jointly or in common, or
- (b) whether or not the interests of the co-owners are equal.
#### Restriction on set-off of pre-entry losses.
#### Disincorporation relief: post-FA 2002 goodwill
#### Restrictions on setting losses against pre-entry gains.
#### Amount of relief: non-resident CGT disposals
#### Chargeable event when replacement property owned.
##### A1
- (1) In determining the exempt amount available to the trustees of a settlement in relation to a year of assessment—
- (a) a principal settlement and its sub-fund settlements shall be treated, for the purposes of paragraphs 1 and 2 below, as if no sub-fund elections had been made, and
- (b) paragraph 3 below shall apply for the purposes of determining the exempt amount available to each member of the class consisting of a principal settlement and its sub-fund settlements.
- (2) The reference in sub-paragraph (1) above to a principal settlement and its sub-fund settlements means a principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
- (a) the interest disposed of by the relevant high value disposal was held by P on 5 April 2015,
- (b) neither Case 2 nor Case 3 in paragraph 2 applies, and
- (c) no election under paragraph 5 of this Schedule (or paragraph 2(1)(b) of Schedule 4ZZB) is or has been made in relation to the chargeable interest which (or a part of which) is the subject of the relevant high value disposal.
- (4) The ATED-related gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the post-April 2015 ATED-related gain or loss.
- *Step 2* Determine the amount of the pre-April 2015 ATED-related gain or loss.
- *Step 3* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain or loss determined under Step 2,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the ATED-related gain on the relevant high value disposal. If the result is a negative amount, that amount (expressed as a positive number) is the ATED-related loss on the relevant high value disposal.
- (5) The post-April 2015 ATED-related gain or loss is equal to the amount that would be given by paragraph 3(1) as the amount of the ATED-related gain or loss if the relevant year for the purposes of that paragraph were 2015.
- (6) The “*pre-April 2015 ATED-related gain or loss*” means the relevant fraction of the notional pre-April 2015 gain or loss.
- (7) “The relevant fraction” is—
$$CD TD$where—“CD” is the number of days in the relevant ownership period which are ATED chargeable days;“TD” is the total number of days in the relevant ownership period.$
- (8) If the interest disposed of was not held by P on 5 April 2013, the “notional pre-April 2015 gain or loss” is the gain or loss which would have accrued on 5 April 2015 had the interest been disposed of on that date for a consideration equal to its market value on that date.
- (9) If the interest disposed of was held by P on 5 April 2013, the “notional pre-April 2015 gain or loss” is the gain or loss which would have accrued on 5 April 2015 if P had—
- (a) acquired the interest on 5 April 2013 for a consideration equal to its market value on that date, and
- (b) disposed of it on 5 April 2015 for a consideration equal to its market value on that date.
- (10) Paragraph 3(3) applies for the purposes of sub-paragraphs (8) and (9) as for the purposes of paragraph 3(2).
- (11) In sub-paragraph (7) “*relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the chargeable interest or, if later, 6 April 2013, and
- (b) ending with 5 April 2015.
- (12) For how to compute the amount of the gain or loss on the relevant high value disposal that is neither ATED-related nor an NRCGT gain or loss (as defined in section 57B and Schedule 4ZZB) see paragraphs 16 to 19 of Schedule 4ZZB.
### Wasting assets
##### 8
- (1) Sub-paragraph (2) applies where it is necessary, in computing in accordance with paragraph 3(2) the notional post-commencement gain or loss accruing to a person on a relevant high value disposal, to determine whether or not the interest which is the subject of the disposal is a wasting asset.
- (2) The assumption in paragraph 3(2) that the interest was acquired on a particular 5 April is to be ignored in determining that question.
- (3) Sub-paragraph (4) applies where it is necessary, in computing in accordance with paragraph 6A(9) the notional pre-April 2015 gain or loss accruing to a person on a disposal, to determine whether or not the interest which is the subject of the disposal is a wasting asset.
- (4) The assumption in paragraph 6A(9) that the interest was acquired on 5 April 2013 is to be ignored in determining that question.
- (5) In this paragraph references to a “wasting asset” are to a wasting asset as defined for the purposes of Chapter 2 of Part 2 of this Act.
### Capital allowances
##### 9
- (1) Sub-paragraph (2) applies where it is to be assumed for the purpose of computing—
- (a) the notional post-commencement gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 3(2), or
- (b) the notional pre-April 2015 gain or loss accruing to a person on a disposal in accordance with paragraph 6A(9),
that an asset was acquired by a person on 5 April 2013 for a consideration equal to its market value on that date.
- (2) For the purposes of that computation, sections 41 (restriction of losses by reference to capital allowances etc) and 47 (wasting assets qualifying for capital allowances) are to apply in relation to any capital allowance or renewals allowance made in respect of the expenditure actually incurred by the person in acquiring or providing the asset as if that allowance were made in respect of the expenditure treated as incurred by the person on 5 April 2013 as mentioned in sub-paragraph (1).
## SCHEDULE 4ZZB
## PART 1 — Introduction
##### 1
- (1) This Schedule applies for the purpose of determining, in relation to a non-resident CGT disposal made by a person (“P”)—
- (a) whether an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss, and
- (b) whether a gain or loss other than an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss;
(and see also sub-paragraph (2)(c)).
- (2) In this Schedule—
- (a) Part 2 is about elections to vary the method of computation of gains and losses;
- (b) Part 3 contains the main rules for computing the gains and losses;
- (c) Part 4 contains separate rules for computing, in a case where the non-resident CGT disposal is, or involves, a relevant high value disposal (as defined in section 2C)—
- (i) the amount of any NRCGT gains or losses accruing on the disposal, and
- (ii) the amount of any gains or losses accruing on the disposal that are neither ATED-related nor NRCGT gains or losses;
- (d) Part 5 contains special rules about non-resident CGT disposals made by companies;
- (e) Part 6 (miscellaneous provisions) contains special rules relating to wasting assets and capital allowances;
- (f) Part 7 contains definitions for the purposes of this Schedule.
- (3) See section 14B for the meaning of “non-resident CGT disposal”.
## PART 2 — Elections for alternative methods of computation
##### 2
- (1) A person (“P”) making a non-resident CGT disposal of (or of a part of) an interest in UK land which P held on 5 April 2015 may—
- (a) make an election for straight-line time apportionment in relation to the interest in UK land;
- (b) make an election for the retrospective basis of computation to apply in relation to that interest,
(but may not do both).
- (2) P may not make an election under sub-paragraph (1)(a) if the disposal is one to which Part 4 of this Schedule applies (cases involving relevant high value disposals).
- (3) For the effect of making an election under sub-paragraph (1)(a), see paragraph 8.
- (4) For the effect of making (or not making) an election under sub-paragraph (1)(b), see paragraphs 5(1)(b), 9(1)(b), 13(1)(b), 14(1)(a) and 15(1)(c) (and paragraph 6A(3)(c) of Schedule 4ZZA).
- (5) An election made under paragraph 5 of Schedule 4ZZA (including any such election made before the coming into force of this paragraph) has effect as if it were also an election under sub-paragraph (1)(b).
##### 3
- (1) The exempt amount available in relation to a year of assessment to the trustees of each settlement in the class consisting of a principal settlement and its sub-fund settlements shall be the exempt amount available to the trustees of the principal settlement in relation to the year, determined in accordance with paragraph 1 or 2 above as if no sub-fund elections had been made.
- (2) But if there are two or more non-excluded settlements in the class consisting of a principal settlement and its sub-fund settlements, the exempt amount available to the trustees of each settlement in the class in relation to the year shall be the amount specified in sub-paragraph (1) above divided by the number of non-excluded settlements in the class.
- (3) In this paragraph—
- “*excluded settlement*” has the meaning given by paragraph 2(7) above, and
- references to a settlement having sub-fund settlements, and similar expressions, are references to a settlement being the principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
## SCHEDULE 4ZA
### Making a sub-fund election
##### 1
The trustees of a settlement (the “principal settlement”) may elect that a fund or other specified portion of the settled property (the “sub-fund”) be treated, unless the context otherwise requires, as a separate settlement (the “sub-fund settlement”) for the purposes of this Act, and the election shall have effect.
##### 2
- (1) An election under paragraph 1 (a “sub-fund election”) must specify the date on which it is to be treated as having taken effect, which must not be later than the date on which it is made.
- (2) The election shall be treated as having taken effect—
- (a) at the beginning of the specified date, or
- (b) if there is a deemed disposal of an asset by the trustees of the principal settlement under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)), on the specified date immediately after the deemed disposal.
##### 3
Trustees may make a sub-fund election only if—
- (a) Conditions 1 to 4 are satisfied when the election is made, and
- (b) Conditions 2 to 4 were satisfied throughout the period beginning with the time when the election is to be treated as having taken effect and ending immediately before the election is made.
- (1) An election under paragraph 2(1) is irrevocable (and where an election has been made under paragraph 2(1) or paragraph 5 of Schedule 4ZZA in relation to an asset, no election may subsequently be made under either of those provisions in relation to the asset).
- (2) An election under paragraph 2(1) may (regardless of section 42(2) of the Management Act) be made by being included in—
- (a) a tax return under the Management Act for the tax year in which the first non-resident CGT disposal by P of the interest in UK land (or any part of it) is made, or
- (b) the NRCGT return relating to the disposal,
(but not by any other method).
- (3) References in sub-paragraph (2) to an election being included in a return include an election being included by virtue of an amendment of the return.
- (4) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to an election under paragraph 2(1).
## PART 3 — Main computation rules
### Disposals to which this Part applies
##### 4
Condition 1 is that the principal settlement is not itself a sub-fund settlement.
- (1) This Part of this Schedule applies where a person (“P”) makes a non-resident CGT disposal of (or of a part of) an interest in UK land.
- (2) But this Part of this Schedule does not apply if the disposal is—
- (a) a relevant high value disposal, or
- (b) a disposal in which a relevant high value disposal is comprised (see paragraph 12(3)).
- (3) In this Part of this Schedule “*the disposed of interest*” means—
- (a) the interest in UK land, or
- (b) if the disposal is of part of that interest, the part disposed of.
### Introduction to paragraphs 6 to 8
##### 5
Condition 2 is that the sub-fund is not the whole of the property comprised in the principal settlement.
- (1) Paragraphs 6 to 8 apply where—
- (a) the disposed of interest was held by P on 5 April 2015, and
- (b) P has not made an election under paragraph 2(1)(b) in relation to the interest in UK land.
- (2) In paragraphs 6 and 7—
- (a) “*notional post-April 2015 gain or loss*” means the gain or loss which would have accrued on the disposal had P acquired the disposed of interest on 5 April 2015 for a consideration equal to its market value on that date;
- (b) “*notional pre-April 2015 gain or loss*” means the gain or loss which would have accrued on 5 April 2015 had the disposed of interest been disposed of for a consideration equal to its market value on that date;
but see also paragraph 8(1).
- (3) For the purpose of determining the amount of the hypothetical gain or loss mentioned in sub-paragraph (2)(a), no account is taken of section 57B or this Schedule (apart from paragraph 23).
### Assets held at 5 April 2015: default method
##### 6
Condition 3 is that, if the sub-fund election had taken effect, the sub-fund settlement would not consist of or include an interest in an asset any other interest in which would be comprised in the principal settlement.
- (1) The NRCGT gain or loss accruing on the disposal is equal to the relevant fraction of the notional post-April 2015 gain or loss (as the case may be).
But see also sub-paragraph (3).
- (2) “The relevant fraction” is—
$$RD TD$where—“RD” is the number of days in the post-commencement ownership period on which the subject matter of the disposed of interest consists wholly or partly of a dwelling;“TD” is the total number of days in the post-commencement ownership period.$
- (3) If there has been mixed use of the subject matter of the disposed of interest on one or more days in the post-commencement ownership period, the NRCGT gain or loss accruing on the disposal is the fraction of the amount that would (apart from this sub-paragraph) be given by sub-paragraphs (1) and (2) that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (4) For the purposes of this paragraph there is “mixed use” of land on any day on which the land consists partly, but not exclusively, of one or more dwellings.
- (5) “*Post-commencement ownership period*” means the period beginning with 6 April 2015 and ending with the day before the day on which the disposal occurs.
##### 7
For the purpose of Condition 3—
- (a) section 104(1) shall not have effect, and
- (b) “*interest*”, in relation to any asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).
The gain or loss accruing on the disposal which is not an NRCGT gain or (as the case may be) loss is computed as follows.
- *Step 1* Determine the amount of the notional pre-April 2015 gain or loss.
- *Step 2* In a case where there is a notional post-April 2015 gain, determine the amount of that gain remaining after the deduction of the NRCGT gain determined under paragraph 6.
- *Step 3* In a case where there is a notional post-April 2015 loss, determine the amount of that loss remaining after the deduction of the NRCGT loss determined under paragraph 6.
- *Step 4* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain determined under Step 2 or (as the case may be) any loss determined under Step 3,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the gain on the disposal which is not an NRCGT gain. If the result is a negative amount, that amount (expressed as a positive number) is the loss on the disposal which is not an NRCGT loss.
### Modified application of paragraphs 5 to 7 where election made for straight-line time apportionment
##### 8
Condition 4 is that, if the sub-fund election had taken effect, no person would be a beneficiary under both the sub-fund settlement and the principal settlement.
- (1) Where the non-resident CGT disposal is of (or of a part of) an interest in UK land in respect of which P makes, or has made, an election for straight-line time apportionment under paragraph 2(1)(a)—
- (a) paragraphs (a) and (b) of paragraph 5(2) do not apply in relation to the disposal, and
- (b) for the purposes of paragraphs 6 and 7, the “notional pre-April 2015 gain or loss” and the “notional post-April 2015 gain or loss” are to be determined in accordance with the following steps.
- *Step 1* Determine the amount of the gain or loss which accrues to P on the disposal. For the purpose of determining that amount, no account is taken of section 57B or this Schedule (apart from paragraph 23).
- *Step 2* An amount equal to the post-commencement fraction of that gain or loss is the notional post-April 2015 gain or (as the case may be) loss.
- *Step 3* An amount equal to the pre-commencement fraction of that gain or loss is the notional pre-April 2015 gain or (as the case may be) loss.
- (2) The “post-commencement fraction” is—
$$PCD TD$where—“PCD” is the number of days in the post-commencement ownership period;“TD” is the total number of days in the ownership period.$
- (3) The “pre-commencement fraction” is—
$$TD − PCD TD$where “*PCD*” and “*TD*” have the same meanings as in sub-paragraph (2).$
- (4) In this paragraph—
- “*ownership period*” means the period beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982 and ending with the day before the day on which the disposal occurs;
- “*post-commencement ownership period*” has the meaning given by paragraph 6(5).
### Cases where asset acquired after 5 April 2015 or election made under paragraph 2(1)(b)
##### 9
- (1) For the purpose of Condition 4 a person is a beneficiary under a settlement—
- (a) if—
- (i) any property which is or may at any time be comprised in the settlement, or
- (ii) any derived property,
is, or will or may become, payable to him or applicable for his benefit in any circumstances whatsoever, or
- (b) if he enjoys a benefit deriving directly or indirectly from—
- (i) any property which is comprised in the settlement, or
- (ii) any derived property.
- (2) But for the purpose of Condition 4 a person is not to be regarded as a beneficiary under a settlement if property comprised in the settlement, or any derived property, will or may become payable to him or applicable for his benefit by reason only of—
- (a) his marrying, or entering into a civil partnership with, a beneficiary under the settlement,
- (b) the death of a beneficiary under the settlement,
- (c) the exercise by the trustees of the settlement of—
- (i) a power conferred by section 32 of the Trustee Act 1925 (c. 19) or section 33 of the Trustee Act (Northern Ireland) 1958 (c. 23 (N.I.)) (powers of advancement),
- (ii) a power conferred by the law of a jurisdiction other than England and Wales or Northern Ireland which makes provision similar to the provisions specified in sub-paragraph (i), or
- (iii) a power of advancement which is conferred by the instrument creating the principal settlement, or by another instrument made in accordance with the terms of the principal settlement, and which is subject to the same restrictions as those specified in section 32(1)(a) and (c) of the Trustee Act 1925, or
- (d) the failure or determination of trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts).
- (3) In this paragraph “*derived property*”, in relation to any property, means—
- (a) income from that property,
- (b) property directly or indirectly representing—
- (i) proceeds of that property, or
- (ii) proceeds of income from that property, or
- (c) income from property which is derived property by virtue of paragraph (b).
### Sub-fund elections: procedure
- (1) This paragraph applies if—
- (a) the disposed of interest was not held by P throughout the period beginning with 5 April 2015 and ending with the disposal, or
- (b) the non-resident CGT disposal is of (or of part of) an interest in UK land in respect of which P makes, or has made, an election under paragraph 2(1)(b).
- (2) The NRCGT gain or loss accruing on the disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which accrues to P. For the purpose of determining the amount of that gain or loss, no account is taken of section 57B or this Schedule (apart from paragraph 23).
- *Step 2* The NRCGT gain or (as the case may be) loss accruing on the disposal is an amount equal to the relevant fraction of that gain or loss (but see Step 3).
- *Step 3* If there has been mixed use of the subject matter of the disposed of interest on one or more days in the relevant ownership period, the NRCGT gain or loss accruing on the disposal is equal to the appropriate fraction of the amount given by Step 2.
- (3) For the purposes of this paragraph there is “mixed use” of land on any day on which the land consists partly, but not exclusively, of one or more dwellings.
- (4) In Step 3 “*the appropriate fraction*” means the fraction that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (5) The gain or loss accruing on the disposal which is not an NRCGT gain or (as the case may be) loss is to be computed as follows.
- *Step 1* In a case where there is a gain under Step 1 of sub-paragraph (2), determine the amount of that gain remaining after the deduction of the NRCGT gain determined under that sub-paragraph. That remaining gain is the gain accruing on the disposal which is not an NRCGT gain.
- *Step 2* In a case where there is a loss under Step 1 of sub-paragraph (2), determine the amount of that loss remaining after deduction of the NRCGT loss determined under that sub-paragraph. That remaining loss is the loss accruing on the disposal which is not an NRCGT loss.
- (6) For the purposes of sub-paragraph (2), “the relevant fraction” is—
$$RD TD$where—“RD” is the number of days in the relevant ownership period on which the subject matter of the disposed of interest consists wholly or partly of a dwelling;“TD” is the total number of days in the relevant ownership period.$
- (7) “*The relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal mentioned in paragraph 4(1) occurs.
### Interest subsisting under contract for off-plan purchase
##### 10
A sub-fund election must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) in such form as the Commissioners for Her Majesty's Revenue and Customs may require.
- (1) Sub-paragraph (2) applies where the non-resident CGT disposal referred to in paragraph 4(1) is a disposal of a UK residential property interest only because of the second condition in paragraph 1 of Schedule B1 (interest subsisting under a contract for the acquisition of land that consists of, or includes, a building that is to be constructed for use as a dwelling etc).
- (2) The land that is the subject of the contract concerned is treated for the purposes of this Part of this Schedule as consisting of (or, as the case requires, including) a dwelling throughout P's period of ownership of the disposed of interest.
## PART 4 — Cases involving relevant high value disposals
### Overview
##### 11
A sub-fund election may not be made after the second 31st January after the year of assessment in which the date on which the election is to be treated as having taken effect falls.
- (1) This Part is about non-resident CGT disposals which are, or involve, relevant high value disposals (see section 2B, which charges capital gains tax on ATED-related gains on relevant high value disposals).
- (2) Paragraphs 12 to 15 contain provision about how any NRCGT gains and losses on such a disposal are computed, including provision—
- (a) for the NRCGT gains or losses to be computed for each relevant high value disposal comprised in the non-resident CGT disposal (paragraphs 13 to 15), and
- (b) for the results to be added (where necessary) to find the NRCGT gain or loss on the non-resident CGT disposal (see paragraph 12).
- (3) For provision about how to compute any ATED-related gains or losses accruing on the relevant high value disposals, see Schedule 4ZZA.
- (4) Paragraphs 16 to 19 contain provisions for computing any gains or losses accruing on the disposals mentioned in sub-paragraph (1) which are neither ATED-related nor NRCGT gains or losses, including provision—
- (a) for such balancing gains or losses to be computed for each relevant high value disposal comprised in the non-resident CGT disposal, and
- (b) for the results to be added together (where necessary) to find the balancing gain or loss on the non-resident CGT disposal (see paragraph 16).
- (5) Paragraph 20 is about cases where a disposal which is not a relevant high value disposal is also comprised in the non-resident CGT disposal.
### Disposal involving one or more relevant high value disposals
##### 12
A sub-fund election must contain—
- (a) a declaration by each trustee of the principal settlement that he consents to the election,
- (b) a statement by the trustees of the principal settlement that the requirement in paragraph 3 is satisfied,
- (c) such information as the Commissioners for Her Majesty's Revenue and Customs may require in relation to the principal settlement (which may, in particular, include information relating to the trustees, the trusts, property which is or has been comprised in the settlement, the settlors or the beneficiaries),
- (d) a declaration by the trustees of the principal settlement that the information given in the election is correct, to the best of their knowledge and belief, and
- (e) such other declarations as the Commissioners for Her Majesty's Revenue and Customs may require.
- (1) This Part of this Schedule applies where—
- (a) a person (other than an excluded person) (“P”) makes a non-resident CGT disposal of (or of part of) an interest in UK land, and
- (b) that disposal (“the disposal of land”) is a relevant high value disposal or a relevant high value disposal is comprised in it.
In this sub-paragraph “*excluded person*” has the meaning given by section 2B(2).
- (2) The NRCGT gain or loss accruing on the disposal of land is computed as follows.
- *Step 1* Determine in accordance with paragraphs 13 to 15 the amount of the NRCGT gain or loss accruing on each relevant high value disposal.
- *Step 2* Add together the amounts of any gains or losses determined under Step 1 (treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the NRCGT gain on the disposal of land. If the result is a negative amount, that amount (expressed as a positive number) is the NRCGT loss on the disposal of land. See paragraphs 16 to 19 for how to compute the gain or loss on the disposal of land which is neither ATED-related nor an NRCGT gain or loss.
- (3) For the purposes of this Schedule, a relevant high value disposal is “comprised in” a non-resident CGT disposal if—
- (a) the non-resident CGT disposal is treated for the purposes of section 2C and Schedule 4ZZA as two or more disposals, and
- (b) the relevant high value disposal is one of those.
- (4) In this Part of this Schedule—
- (a) “*the asset*”, in relation to a relevant high value disposal, means the chargeable interest which (or a part of which) is the subject of that disposal, and
- (b) “*the disposed of interest*”, in relation to a relevant high value disposal, means the asset or, if only part of the asset is the subject of the relevant high value disposal, that part of the asset.
- (5) For the purposes of this Part of this Schedule a day is a “*section 14D chargeable day*” in relation to a relevant high value disposal if—
- (a) it is a day on which the subject matter of the disposed of interest consists wholly or partly of a dwelling, but
- (b) it is not an ATED chargeable day (as defined in paragraph 3 of Schedule 4ZZA).
### Assets held at 5 April 2015 (where no election made and no rebasing in 2016 required)
##### 13
A sub-fund election may not be revoked.
### Power to make enquiries
- (1) This paragraph applies where—
- (a) the disposed of interest was held by P on 5 April 2015,
- (b) P has not made an election under paragraph 2(1)(b) (or paragraph 5 of Schedule 4ZZA) in respect of the asset, and
- (c) paragraph 15 does not apply.
- (2) The NRCGT gain or loss accruing on the relevant high value disposal is equal to the special fraction of the notional post-April 2015 gain or loss (as the case may be) on that disposal.
- (3) “*Notional post-April 2015 gain or loss*” means the gain or loss which would have accrued on the relevant high value disposal had P acquired the disposed of interest on 5 April 2015 for a consideration equal to the market value of that interest on that date.
- (4) “The special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the post-commencement ownership period;“TD” is the total number of days in the post-commencement ownership period.$
- (5) “*The post-commencement ownership period*” means the period beginning with 6 April 2015 and ending with the day before the day on which the relevant high value disposal occurs.
### Asset acquired after 5 April 2015 or election made under paragraph 2(1)(b) (but no rebasing in 2016 required)
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1) This paragraph applies where—
- (a) P makes, or has made, an election under paragraph 2(1)(b) (or paragraph 5 of Schedule 4ZZA) in respect of the asset, or
- (b) the disposed of interest was not held by P throughout the period beginning with 5 April 2015 and ending with the disposal.
- (2) But this paragraph does not apply if paragraph 15 applies.
- (3) The NRCGT gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which accrues to P. (For the purpose of determining the amount of that gain or loss, no account need be taken of section 57B or this Schedule (apart from paragraph 23).)
- *Step 2* The NRCGT gain or loss accruing on the relevant high value disposal is equal to the special fraction of that gain or loss.
- (4) For this purpose “the special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (5) “*Relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the relevant high value disposal occurs.
### Certain disposals after 5 April 2016 (computation involving additional rebasing in 2016)
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (1) This paragraph applies where—
- (a) the disposed of interest was held by P on 5 April 2016,
- (b) the relevant high value disposal falls within Case 3 for the purposes of Schedule 4ZZA (see paragraph 2(4) of that Schedule), and
- (c) no election is or has been made (or treated as made) by P under paragraph 2(1)(b) in respect of the asset.
- (2) The NRCGT gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount equal to the special fraction of the notional post-April 2016 gain or loss (as the case may be).
- *Step 2* Determine the amount equal to the special fraction of the notional pre-April 2016 gain or loss (as the case may be).
- *Step 3* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain or loss determined under Step 2,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the NRCGT gain on the relevant high value disposal. If the result is a negative amount, that amount (expressed as a positive number) is the NRCGT loss on the relevant high value disposal.
- (3) “The special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (4) The “relevant ownership period” is—
- (a) for the purpose of computing under Step 1 of sub-paragraph (2) the special fraction of the notional post-April 2016 gain or loss, the period beginning with 6 April 2016 and ending with the day before the day on which the relevant high value disposal occurs;
- (b) for the purpose of computing under Step 2 of sub-paragraph (2) the special fraction of the notional pre-April 2016 gain or loss, the period beginning with the day on which P acquired the disposed of interest or, if later, 6 April 2015 and ending with 5 April 2016.
- (5) “*Notional post-April 2016 gain or loss*” means the gain or loss which would have accrued on the relevant high value disposal had P acquired the disposed of interest on 5 April 2016 for a consideration equal to its market value on that date.
- (6) If the disposed of interest was not held by P on 5 April 2015, “*notional pre-April 2016 gain or loss*” means the gain or loss which would have accrued on 5 April 2016 had the disposed of interest been disposed of for a consideration equal to the market value of the interest on that date.
- (7) If the disposed of interest was held by P on 5 April 2015, “*notional pre-April 2016 gain or loss*” means the gain or loss which would have accrued to P on the disposal mentioned in paragraph (b), had P—
- (a) acquired the disposed of interest on 5 April 2015 for a consideration equal to the market value of that interest on that date, and
- (b) disposed of that interest on 5 April 2016 for a consideration equal to the market value of that interest on that date.
### Amount of gain or loss that is neither ATED-related nor an NRCGT gain or loss
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Consequences of a sub-fund election
- (1) The gain or loss on the disposal of land (see paragraph 12(1)(b)) which is neither ATED-related nor an NRCGT gain or loss (“the balancing gain or loss”) is computed as follows.
- *Step 1* Determine in accordance with paragraphs 17 to 19 the amount of the gain or loss accruing on each relevant high value disposal which is neither ATED-related nor an NRCGT gain or loss. This is the “balancing” gain or loss for each such disposal.
- *Step 2* Add together the amounts of any balancing gains or losses determined under Step 1 (treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the balancing gain on the disposal of land. If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the disposal of land.
- (2) In relation to a relevant high value disposal, “*balancing day*” means a day which is neither—
- (a) a section 14D chargeable day (see paragraph 12(5)), nor
- (b) an ATED chargeable day.
- (3) In relation to a relevant high value disposal, “*non-ATED chargeable day*” means a day which is not an ATED chargeable day.
- (4) The references in sub-paragraphs (2) and (3) to an “ATED chargeable day” are to be interpreted in accordance with paragraph 3(6) of Schedule 4ZZA.
##### 17
The sub-fund settlement shall be treated, for the purposes of this Act, as having been created at the time when the sub-fund election is treated as having taken effect.
- (1) This paragraph applies in relation to a relevant high value disposal to which paragraph 13 applies.
- (2) If paragraph 6A of Schedule 4ZZA does not apply, the amount of the balancing gain or loss on the relevant high value disposal is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2015 gain or loss, and
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2015 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (3) If paragraph 6A of Schedule 4ZZA applies, the amount of the balancing gain or loss on the relevant high value disposal is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2015 gain or loss,
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2015 gain or loss, and
- (c) if P held the disposed of interest on 5 April 2013, the amount of the notional pre-April 2013 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (4) The balancing gain or loss belonging to the notional post-April 2015 gain or loss is equal to the balancing fraction of the notional post-April 2015 gain or loss.
- (5) The balancing gain or loss belonging to the notional pre-April 2015 gain or loss is equal to the non-ATED related fraction of the notional pre-April 2015 gain or loss.
- (6) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days (see paragraph 16(2)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (7) “The non-ATED related fraction” is—
$$NAD TD$where—“NAD” is the number of non-ATED chargeable days (see paragraph 16(3)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (8) “*Appropriate ownership period*” means—
- (a) for the purpose of computing the balancing gain or loss belonging to the notional post-April 2015 gain or loss, the post-commencement ownership period defined in paragraph 13(5);
- (b) for the purpose of computing the balancing gain or loss belonging to the notional pre-April 2015 gain or loss, the relevant ownership period defined in paragraph 6A(11) of Schedule 4ZZA.
- (9) In this paragraph—
- (a) “*notional post-April 2015 gain or loss*” has the same meaning as in paragraph 13;
- (b) “*notional pre-April 2015 gain or loss*” has the same meaning as in paragraph 6A of Schedule 4ZZA;
- (c) “*notional pre-April 2013 gain or loss*” means the gain or loss which would have accrued on 5 April 2013 had the disposed of interest been disposed of for a consideration equal to the market value of that interest at that date.
##### 18
- (1) Each trustee of the trusts on which the property comprised in the sub-fund settlement is held shall be treated as a trustee of the sub-fund settlement for the purposes of this Act.
- (2) A person who is a trustee of the sub-fund settlement shall be treated for the purposes of this Act, from the time when the election is treated as having taken effect, as having ceased to be a trustee of the principal settlement unless he is also a trustee of trusts on which property comprised in the principal settlement is held.
- (3) A person who is a trustee of the principal settlement shall not be treated for the purposes of this Act as a trustee of the sub-fund settlement unless he is also a trustee of trusts on which property comprised in the sub-fund settlement is held.
- (1) In the case of a relevant high value disposal to which paragraph 14 applies, the amount of the balancing gain or loss is determined as follows.
- (2) Determine the number of balancing days (see paragraph 16(2)) in the relevant ownership period.
- (3) The balancing gain or loss on the disposal is equal to the balancing fraction of the amount of the gain or (as the case may be) loss determined under Step 1 of paragraph 14(3).
- (4) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (5) In this paragraph “*relevant ownership period*” has the same meaning as in paragraph 14.
##### 19
The trustees of the sub-fund settlement shall be treated for the purposes of this Act as having become absolutely entitled, at the time when the sub-fund election is treated as having taken effect, to the property comprised in that settlement as against the trustees of the principal settlement.
- (1) The amount of the balancing gain or loss on a relevant high value disposal to which paragraph 15 applies is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2016 gain or loss,
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2016 gain or loss, and
- (c) if P held the disposed of interest on 5 April 2015, the amount of the notional pre-April 2015 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (2) The balancing gain or loss belonging to the notional post-April 2016 gain or loss is equal to the balancing fraction of the notional post-April 2016 gain or loss.
- (3) The balancing gain or loss belonging to the notional pre-April 2016 gain or loss is equal to the balancing fraction of the notional pre-April 2016 gain or loss.
- (4) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days (see paragraph 16(2)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (5) The appropriate ownership period is—
- (a) for the purpose of computing the balancing gain or loss belonging to the notional post-April 2016 gain or loss, the relevant ownership period mentioned in paragraph 15(4)(a);
- (b) for the purpose of computing the balancing gain or loss belonging to the notional pre-April 2016 gain or loss, the relevant ownership period mentioned in paragraph 15(4)(b).
- (6) In this paragraph—
- (a) “notional post-April 2016 gain or loss” and “notional pre-April 2016 gain or loss” mean the same as in paragraph 15;
- (b) “*notional pre-April 2015 gain or loss*” means the gain or loss which would have accrued on 5 April 2015 if the disposed of interest had been disposed of for a consideration equal to the market value of that interest on that date.
### Where relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 20
- (1) A deemed disposal by the trustees of the principal settlement of an asset under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)) shall be treated as having been made at the beginning of the date on which the sub-fund election is treated as having taken effect.
- (2) If the trustees of the sub-fund settlement have acquired an asset of which the trustees of the principal settlement are deemed to have disposed under section 71(1) (by virtue of paragraph 19), they shall be deemed to have acquired it at the time when the election is treated as having taken effect.
- (3) The trustees of the principal settlement shall not be treated as having disposed of an asset under section 80(2) by virtue of paragraph 18(2) if they are treated as having disposed of the same asset under section 71(1) by virtue of paragraph 19.
- (1) This paragraph applies where the disposals comprised in the disposal of land (see paragraph 12(3)) include a disposal (the “non-ATED related disposal”) which is not a relevant high value disposal.
- (2) This Part of this Schedule (apart from this paragraph) applies in relation to the non-ATED related disposal as if it were a relevant high value disposal.
- (3) Sub-paragraph (4) applies if there has, at any time in the relevant ownership period, been mixed use of the subject matter of the disposed of interest.
- (4) The amount of any NRCGT gain or loss on the non-ATED related disposal computed under this Part of this Schedule is taken to be the appropriate fraction of the amount that it would otherwise be.
- (5) In sub-paragraph (4) “*the appropriate fraction*” means the fraction that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (6) In this paragraph “*the relevant ownership period*” means, as applicable—
- (a) the post-commencement ownership period, as defined in paragraph 13(5),
- (b) the relevant ownership period, as defined in paragraph 14(5), or
- (c) the relevant ownership period as defined in paragraph 15(4).
### Interest subsisting under contract for off-plan purchase
##### 21
If the trustees of the sub-fund settlement are treated by virtue of paragraph 19 as having become absolutely entitled to money expressed in sterling, for the purposes of this Act—
- (a) the trustees of the principal settlement shall be treated as having disposed of the money at the beginning of the day on which the sub-fund election is treated as having taken effect, and
- (b) the trustees of the sub-fund settlement shall be treated as having acquired the money at the time when the election is treated as having taken effect.
- (1) Sub-paragraph (2) applies where the non-resident CGT disposal made by P as mentioned in paragraph 12(1) is a disposal of a UK residential property interest only because of the second condition in paragraph 1 of Schedule B1 (interest subsisting under a contract for the acquisition of land that consists of, or includes, a building that is to be constructed for use as a dwelling etc).
- (2) The land that is the subject of the contract concerned is treated for the purposes of this Part of this Schedule as consisting of (or, as the case requires, including) a dwelling throughout P's period of ownership of the interest in UK land.
## PART 5 — Special rules for companies
##### 22
- (1) If the trustees of the principal settlement are deemed to have disposed of an asset under section 71(1) (by virtue of paragraph 19), the trustees of the principal settlement shall be treated for the purposes of sections 90 and 94 as having transferred the asset to the trustees of the sub-fund settlement.
- (2) Sub-paragraph (1) also applies where the trustees of the principal settlement would be deemed to have disposed of money expressed in sterling under subsection (1) of section 71 if in that subsection—
- (a) the reference to “assets” were a reference to “property”, and
- (b) for “their” there were substituted “ its ”.
### Share loss relief
##### 125A
- (1) If loss relief under ... Chapter 6 of Part 4 of ITA 2007 or Chapter 5 of Part 4 of CTA 2010 (“share loss relief”) is obtained in respect of a loss or any part of a loss, no deduction is to be made in respect of the loss or (as the case may be) the part under this Act.
- (2) If a claim is made for share loss relief in respect of a loss accruing on the disposal of shares, section 30 has effect in relation to the disposal as if for the references in subsections (1)(b) and (5) to a tax-free benefit there were substituted references to any benefit whether tax-free or not.
- (3) All such adjustments of corporation tax on chargeable gains or capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of—
- (a) share loss relief being obtained in respect of an allowable loss, or
- (b) such relief not being obtained in respect of the whole or part of such a loss in respect of which a claim is made.
##### 151BA
- (1) This section applies for the purpose of identifying the securities or shares disposed of in any case where—
- (a) an individual or company (“the investor”) disposes of part of a holding of securities or shares (“the holding”), and
- (b) the holding includes securities or shares to which CITR is attributable in respect of one or more years of assessment or accounting periods that have been held by the investor continuously from the time they were issued until the disposal.
- (2) Any disposal by the investor of securities or shares included in the holding which have been acquired by the investor on different days is treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (3) If there is a disposal by the investor of securities or shares included in the holding which have been acquired by the investor on the same day, any of those securities or shares—
- (a) to which CITR is attributable, and
- (b) which have been held by the investor continuously from the time they were issued until the time of disposal,
are treated as disposed of after any other securities or shares included in the holding which were acquired by the investor on that day.
- (4) For the purposes of this section a holding of securities is any number of securities of a company which—
- (a) carry the same rights,
- (b) were issued under the same terms, and
- (c) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the securities grows or diminishes as securities carrying those rights and issued under those terms are acquired or disposed of.
- (5) For the purposes of this section a holding of shares is any number of shares in a company which—
- (a) are of the same class, and
- (b) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the shares grows or diminishes as shares of that class are acquired or disposed of.
- (6) Chapter 1 of Part 4 (share pooling, etc) has effect subject to this section.
- (7) Sections 104 to 107 (which make provision for the identification of securities and shares on a disposal) do not apply to securities or shares to which CITR is attributable.
- (8) In a case to which section 127 (equation of original shares and new holding) applies, shares included in the new holding are treated for the purposes of subsections (2) and (3) as acquired when the original shares were acquired.
- (9) In subsection (8)—
- (a) the reference to section 127 includes a reference to that section as it is applied by virtue of any enactment relating to chargeable gains, and
- (b) “*original shares*” and “*new holding*” have the same meaning as in section 127, or (as the case may be) that section as applied by virtue of the enactment in question.
- (10) In this section and sections 151BB and 151BC—
- (a) if the investor is an individual—
- (i) “*CITR*” has the meaning given by section 333 of ITA 2007,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 357 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 380 of that Act,
- (b) if the investor is a company—
- (i) “*CITR*” means relief under Part 7 of CTA 2010,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 240 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 267 of that Act.
##### 151BB
- (1) If—
- (a) an individual or company (“the investor”) holds shares in the CDFI which are of the same class and held in the same capacity (“the existing holding”),
- (b) there is a reorganisation affecting the existing holding as a result of an allotment which—
- (i) falls within section 126(2)(a) (an allotment of shares or debentures in respect of and in proportion to an original holding), and
- (ii) is not an allotment of corresponding bonus shares,
- (c) immediately after the reorganisation, CITR is attributable to the shares included in the existing holding or the shares or debentures allotted in respect of those shares, in respect of one or more years of assessment or accounting periods, and
- (d) if CITR is attributable to the shares included in the existing holding at that time, those shares have been held by the investor continuously from the time they were issued until the reorganisation,
sections 127 to 130 (treatment of share capital following a reorganisation) do not apply in relation to the existing holding.
- (2) Section 116(10) (reorganisations, conversions and reconstructions) does not apply in any case where the old asset consists of shares held (in the same capacity) by the investor—
- (a) that have been held by the investor continuously from the time they were issued until the relevant transaction, and
- (b) to which CITR is attributable immediately before that transaction.
In this subsection “old asset” and “the relevant transaction” have the meaning given by section 116.
- (3) For the purposes of subsection (1)—
- “*corresponding bonus shares*” means bonus shares that—are issued in respect of shares included in the existing holding, andare in the same company, are of the same class, and carry the same rights as, those shares,
- “*reorganisation*” has the meaning given in section 126.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions);
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) In this section “the CDFI” is to be read—
- (a) if the investor is an individual, in accordance with section 334(2) of ITA 2007,
- (b) if the investor is a company, in accordance with section 219(2) of CTA 2010.
##### 151BC
- (1) If—
- (a) an individual or company (“the investor”) holds shares in or debentures of a company (“company A”),
- (b) there is a reconstruction or amalgamation affecting that holding (“the existing holding”),
- (c) immediately before the reconstruction or amalgamation, CITR is attributable to the shares or debentures included in the existing holding in respect of one or more years of assessment or accounting periods, and
- (d) the shares or debentures included in the existing holding have been held by the investor continuously from the time they were issued until the reconstruction or amalgamation,
sections 135 and 136 (share exchanges and company reconstructions) do not apply in respect of the existing holding.
- (2) Subsection (1)(a) applies only if the shares or debentures are held by the investor in the same capacity.
- (3) For the purposes of subsection (1) a “*reconstruction or amalgamation*” means an issue by a company of shares in or debentures of that company in exchange for or in respect of shares in or debentures of company A.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions),
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) The investor is treated as disposing of any securities or shares which but for subsection (1) the investor—
- (a) would be treated as exchanging for other securities or shares by virtue of section 136, or
- (b) would be so treated but for section 137(1) (which restricts section 136 to genuine reconstructions).
##### 256A
- (1) This section applies if a charitable trust has a non-exempt amount under section 540 of ITA 2007 for a year of assessment.
- (2) Attributable gains of the charitable trust for the year of assessment may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 541 of ITA 2007.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 541 of ITA 2007, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 541 of ITA 2007.
- (5) See section 256B for the way in which gains are to be attributed to the non-exempt amount under this section.
- (6) In this section and section 256B a charitable trust's “attributable income”, and “attributable gains”, for a tax year have the same meaning as in Part 10 of ITA 2007 (see section 540 of that Act).
##### 256B
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256A.
- (2) The trustees of the charitable trust may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires the trustees of a charitable trust to make a specification under this section, and
- (b) the trustees have not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
### Deduction of trading losses or post-cessation expenditure etc
##### 261B
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 64 or 128 of ITA 2007 (trade or employment loss relief against general income) for a tax year in relation to an amount of loss, and
- (b) the person makes a claim under that section for the amount to be deducted in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount of loss, but
- (b) the person's total income for the tax year is nil or does not include any income from which the amount can be deducted.
- (3) A claim under this section is for determining so much of the amount of the loss (“*the relevant amount*”) as—
- (a) is not deducted in calculating the person's net income for the tax year, and
- (b) has not already been taken into account for the purposes of any relief for any other tax year or any year of assessment (whether under ITA 2007, this section or otherwise).
- (4) When the relevant amount can no longer be varied—
- (a) by the tribunal on appeal, or
- (b) on the order of a court,
it is treated for the purposes of capital gains tax as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (5) But so much of the relevant amount as exceeds the maximum amount (see section 261C) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (6) The excess may, however, be used in giving effect to any other loss relief under Part 4 of ITA 2007 (depending on the terms of the relief).
- (7) The amount treated as an allowable loss under this section—
- (a) is no longer to be regarded as an amount available for income tax relief, and
- (b) is not to be deductible from chargeable gains accruing to a person in any year of assessment that begins after the person has permanently ceased to carry on the trade, profession, vocation, employment or office in which the loss was made.
- (8) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year in which the loss was made in the trade, profession, vocation, employment or office.
- (9) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261C
- (1) For the purposes of section 261B “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if—
- (a) the provisions mentioned below were ignored, and
- (b) no account were taken of the event mentioned below.
- (2) The provisions are—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) section 3(1) (annual exempt amount), and
- (c) section 261B.
- (3) The event is any event—
- (a) which occurs after the date on which the relevant amount (see section 261B(3)) can no longer be varied by the tribunal on appeal or on the order of a court, and
- (b) in consequence of which the amount chargeable to capital gains tax is reduced as a result of an enactment relating to capital gains tax.
##### 261D
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 96 or 125 of ITA 2007 (post-cessation trade or property relief) for a tax year in relation to an amount, and
- (b) the person makes a claim under that section to deduct the amount in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount, but
- (b) the person's total income for the tax year is nil.
- (3) A claim under this section is for treating for the purposes of capital gains tax so much of the amount as is not deducted in calculating the person's net income for the tax year (“*the relevant amount*”) as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (4) But so much of the relevant amount as exceeds the maximum amount (see section 261E) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (5) The relevant amount is no longer to be regarded as an amount available for income tax relief.
- (6) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year mentioned in subsection (1) or (2) (as the case may be).
- (7) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261E
- (1) For the purposes of section 261D “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if the following were ignored.
- (2) The matters to be ignored are—
- (a) any allowable losses falling to be carried forward to that year from a previous year for the purposes of section 2(2),
- (b) section 3(1) (annual exempt amount), and
- (c) any relief under section 261B or 261D.
### Repurchase price under repos
##### 261F
- (1) This section applies if —
- (a) the repurchase price of UK shares, UK securities or overseas securities is treated by section 604(2), (4) or (5) of ITA 2007 (deemed increase in repurchase price: repos and options) as increased for the purposes of section 607 of that Act (treatment of price differences under repos),
- (b) condition A or B is met, and
- (c) section 263A does not apply.
- (2) Condition A is that, as a result of the increase, there is no difference for the purposes of section 607 of that Act between the sale price and the repurchase price.
- (3) Condition B is that, as a result of an exception in section 608 of that Act, section 607 of that Act does not apply.
- (4) The deemed increase of the repurchase price also has effect for capital gains tax purposes.
- (5) Expressions used in this section and in section 605 of ITA 2007 (deemed increase in repurchase price: other income tax purposes) have the same meanings in this section as in that section.
##### 261G
- (1) Subsections (2) and (3) apply if—
- (a) section 607 of ITA 2007 (treatment of price differences under repos) applies,
- (b) an amount is treated under that section as a payment of interest, and
- (c) section 263A does not apply.
- (2) If the repurchase price is more than the sale price, the repurchase price is treated for capital gains tax purposes as reduced by the amount of the payment of interest.
- (3) If the sale price is more than the repurchase price, the repurchase price is treated for capital gains tax purposes as increased by the amount of the payment of interest.
- (4) Expressions used in this section and in section 609 of ITA 2007 (additional income tax consequences of price differences under repos) have the same meanings in this section as in that section.
##### 261H
- (1) The Treasury may by regulations provide for section 261G to apply with modifications if the exception in section 608(2) of ITA 2007 (agreement not at arm's length) would otherwise prevent it from applying.
- (2) Regulations under this section may make different provision for different cases.
- (3) Regulations under this section may contain incidental, supplemental, consequential and transitional provision and savings.
- (4) The incidental, supplemental, and consequential provision may include modifications of section 261F (deemed manufactured payments: effect on repurchase price).
- (5) In this section “*modifications*” includes exceptions and omissions.
- (6) Accordingly, the power in subsection (1) includes power to provide for any provision of section 261G not to apply in relation to the case mentioned in that subsection.
##### 263F
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities), or
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (e) any of those sections,
to apply with modifications in relation to non-standard repo cases.
- (2) The power in subsection (1) to make provision for section 263A ... to apply with modifications is exercisable only so far as the section applies to any case mentioned in section 263A(1).
- (3) A case is a non-standard repo case if—
- (a) there is a repo in respect of securities,
- (b) under the repo there has been a sale (“the original sale”) of the securities by the original owner to the interim holder, and
- (c) any of conditions A to E is met in relation to the repo.
- (4) Condition A is that—
- (a) the obligation to buy back the securities is not performed, or
- (b) the option to buy them back is not exercised.
- (5) Condition B is that provision is made by or under an agreement for different or additional UK shares, UK securities or overseas securities to be treated as (or as included with) representative securities.
- (6) Condition C is that provision is made by or under an agreement for any UK shares, UK securities or overseas securities to be treated as not included with representative securities.
- (7) Condition D is that provision is made by or under an agreement for the sale price or repurchase price to be decided or varied wholly or partly by reference to post-agreement fluctuations.
- (8) Condition E is that provision is made by or under an agreement for a person to be required, in a case where there are post-agreement fluctuations, to make a payment in the period—
- (a) beginning immediately after the making of the agreement for the original sale, and
- (b) ending when the repurchase price becomes due.
- (9) “Post-agreement fluctuations” are fluctuations in the value of—
- (a) securities transferred in pursuance of the original sale, or
- (b) representative securities,
which occur in the period after the making of the agreement for the original sale.
- (10) “Representative securities” are securities which, for the purposes of the repurchase, are to represent securities transferred in pursuance of the original sale.
##### 263G
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities),
- (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . or
- (e) any of those sections,
to apply with modifications in relation to cases involving redemption arrangements.
- (2) The power in subsection (1) to make provision for section 263A ... to apply with modifications is exercisable only so far as the section applies to any case mentioned in section 263A(1).
- (3) A case involves redemption arrangements if—
- (a) arrangements, corresponding to those made in cases where there is a repo, are made by an agreement, or one or more related agreements, in relation to securities that are to be redeemed in the period after their sale,
- (b) the securities are UK shares, UK securities or overseas securities, and
- (c) the arrangements are such that the seller or a person connected with the seller (instead of being required to repurchase the securities or acquiring an option to do so) is granted rights in respect of the benefits that will result from the redemption.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 263H
- (1) Regulations under section 263F or 263G may make different provision for different cases.
- (2) Regulations under either section may contain incidental, supplemental, consequential and transitional provision and savings.
- (3) The incidental, supplemental and consequential provision may include—
- (a) in the case of regulations about section 261G, modifications of section 261F, and
- (b) in the case of regulations about section 263A ..., modifications of the operation of this Act in relation to cases where, by virtue of the regulations, any acquisition or disposal is excluded from those which are to be ignored for the purposes of capital gains tax.
- (4) In this section and sections 263F and 263G “*modifications*” includes exceptions and omissions.
- (5) Accordingly, a power in sections 263F and 263G to provide for a provision to apply with modifications in relation to a particular case includes power to provide for the provision not to apply in relation to that case.
##### 263I
- (1) The Treasury may by regulations make provision as mentioned in subsection (2) about prescribed cases where a person—
- (a) pays or receives an amount (a “manufactured overseas dividend”) which is representative of an overseas dividend on overseas securities where the payment or receipt is required to be made under an arrangement for the transfer of the securities, or
- (b) is treated as doing so for any purposes of the Tax Acts.
- (2) The regulations may provide for adjusting a relevant amount by reference to a provision which has effect under the law of a territory outside the United Kingdom.
- (3) A “relevant amount” is an amount which is treated for prescribed capital gains tax purposes as the amount paid or payable to a person in respect of a relevant transaction.
- (4) A “relevant transaction” is a sale, repurchase or other transfer of the overseas securities to which the manufactured overseas dividend relates.
- (5) In this section “*prescribed*” means prescribed in regulations under this section.
- (6) In this section—
- (a) “*overseas securities*” means shares, stock or other securities issued by—
- (i) a government, local authority or other public authority of a territory outside the United Kingdom, or
- (ii) another body of persons not resident in the United Kingdom,
- (b) “*overseas securities*” includes shares in a company which is not resident in the United Kingdom,
- (c) “*overseas dividend*” means any interest, dividend or other annual payment payable in respect of overseas securities, and
- (d) “*securities*” includes loan stock or any similar security.
#### Material disposal of business assets
#### Sections 184A and 184B: meaning of “tax advantage”
#### Chargeable events when bonds owned.
##### 285A
- (1) The following rules about European Economic Interest Groupings apply for the purposes of charging tax in respect of chargeable gains—
- *Rule 1*A grouping is treated as acting as the agent of its members.
- *Rule 2*The activities of a grouping are treated as those of its members acting jointly.
- *Rule 3*Each member of a grouping is treated as having a share of the grouping's property, rights and liabilities.
- *Rule 4*Any trade or profession carried on by the grouping is treated as carried on in partnership by members of the grouping.
- *Rule 5*A person is to be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping.
- (2) For the purposes of Rule 3, a member's share of any property, rights or liabilities of a grouping is determined according to the contract under which the grouping is established.
- (3) If the contract does not provide for this, the member's share is determined by reference to the share of the profits of the grouping to which the member is entitled under the contract.
- (4) If the contract does not provide for this either, the members are treated as having equal shares of the property, rights and liabilities of the grouping.
- (5) “*European Economic Interest Grouping*” means a European Economic Interest Grouping formed under Council Regulation [(EEC) No 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, Northern Ireland or elsewhere.
##### 16A
- (1) For the purposes of this Act, “*allowable loss*” does not include a loss accruing to a person if—
- (a) it accrues to the person directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage.
- (2) For the purposes of subsection (1)—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*tax advantage*” means—relief or increased relief from tax,repayment or increased repayment of tax,the avoidance or reduction of a charge to tax or an assessment to tax, orthe avoidance of a possible assessment to tax,and for the purposes of this definition “*tax*” means capital gains tax, corporation tax or income tax.
- (3) For the purposes of subsection (1) it does not matter—
- (a) whether the loss accrues at a time when there are no chargeable gains from which it could otherwise have been deducted, or
- (b) whether the tax advantage is secured for the person to whom the loss accrues or for any other person.
##### 210C
- (1) Section 18(3) does not apply in relation to a loss accruing on the disposal by an insurance company of authorised investment fund assets to the manager of the authorised investment fund.
- (2) In this section—
- “*authorised investment fund assets*” means assets held by the company for the purposes of its long-term business that consist of rights under an authorised unit trust or shares in an open-ended investment company,
- “*the manager of the authorised investment fund*” means—in the case of an authorised unit trust, the person who is the manager of the unit trust scheme for the purposes of Chapter 3 of Part 17 of the Financial Services and Markets Act 2000, andin the case of an open-ended investment company, a director or other person having responsibility for the management of its scheme property, and
- “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
##### 263AZA
- (1) A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if—
- (a) the individual acquired the certificate in connection with the generation of electricity by a microgeneration system,
- (b) the system is installed at or near domestic premises occupied by the individual, and
- (c) the individual intends that the amount of electricity generated by it will not significantly exceed the amount of electricity consumed in those premises.
- (2) In subsection (1)—
- “*domestic premises*” means premises used wholly or mainly as a separate private dwelling,
- “*microgeneration system*” means any plant (including any equipment, apparatus or appliance) or system of plant for generating electricity or producing heat—which, in generating electricity or (as the case may be) producing heat, relies wholly or mainly on a source of energy or a technology mentioned in subsection (7) of section 82 of the Energy Act 2004, andwhose capacity to generate electricity or (as the case may be) to produce heat does not exceed the capacity mentioned in subsection (8) of that section,
- “*renewables obligation certificate*” means a certificate issued under section 32B of the Electricity Act 1989 or Article 54 of the Energy (Northern Ireland) Order 2003.
##### 140DA
- (1) This section applies where—
- (a) a transfer of assets to which section 140A(1A) or 140C(1A) applies has taken place,
- (b) the transferor and the transferee (or each of the transferees) are each resident in a member State,
- (c) they are not all resident in the same State, and
- (e) the transfer does not constitute or form part of a scheme of reconstruction within the meaning of section 136.
- (2) Where this section applies, the transfer shall be treated for the purposes of section 136 as if it were a scheme of reconstruction.
- (3) Where section 136 applies by virtue of subsection (2) above section 136(6) (and section 137) shall not apply.
### Transparent entities: disapplication of reliefs related to Mergers Directive
##### 140H
- (1) This section applies if—
- (a) a company (“company B”) issues shares or debentures to a person in exchange for shares in or debentures of another company (“company A”),
- (b) the exchange falls within one of the cases specified in section 135(2), and
- (c) either company B or company A or both is a transparent entity.
- (2) Where this section applies—
- (a) “company” in section 135 shall be treated as meaning an entity listed in Part A of Annex I to the Mergers Directive, and
- (b) section 135(3) does not apply.
- (3) If, as a result of an exchange in relation to which this section applies, a gain accruing to a person holding shares in or debentures of company A on the exchange would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements, shall apply as if that tax, calculated in accordance with subsection (4), had been chargeable.
- (4) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the exchange are set against gains arising on the exchange, and
- (b) any relief available to company A under that law has been claimed.
##### 140I
- (1) This section applies in relation to a transfer of a business, or part of a business, where—
- (a) the transfer is of a kind mentioned in section 140A(1) or (1A) (or which would be of such a kind if the business, or the part of the business, transferred were carried on by the transferor in the United Kingdom and the condition mentioned in section 140A(1)(e) were satisfied in relation to the transferee, or each of the transferees), and
- (b) either the transferor or the transferee, or one of the transferees, is a transparent entity.
- (2) Where this section applies—
- (a) if the transferor is a transparent entity, sections 140A and 140DA do not apply in relation to the transfer;
- (b) if a transferee is a transparent entity, section 140DA does not apply in relation to the transfer to it.
- (3) If, as a result of a transfer in relation to which this section applies, a transfer gain would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements, shall apply as if that tax, calculated in accordance with subsection (5), had been chargeable.
- (4) In subsection (3) “transfer gain” means a gain accruing to a transparent entity (or which would be treated as accruing to that entity were it not transparent) by reason of the transfer of assets by the transparent entity to the transferee.
- (5) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the transfer are set against gains arising on the transfer, and
- (b) any relief available under that law has been claimed.
##### 140J
- (1) This section applies in relation to a merger if—
- (a) the merger is of a kind mentioned in section 140E(1),
- (b) the conditions in section 140E(2) are satisfied in relation to the merger, and
- (c) one or more of the merging companies is a transparent entity.
- (2) Where this section applies—
- (a) if the assets and liabilities of a transparent entity are transferred to another company by reason of the merger, sections 140E and 140G shall not apply;
- (b) if the assets and liabilities of one or more other companies are transferred to a transparent entity by reason of the merger section 140G shall not apply.
- (3) If, as a result of a merger in relation to which this section applies, a merger gain would, but for the Mergers Directive, have been chargeable to tax under the law of a member State other than the United Kingdom, Part 2 of TIOPA 2010 (double taxation relief), including any double taxation relief arrangements shall apply as if that tax, calculated in accordance with subsection (5), had been chargeable.
- (4) In subsection (3) “merger gain” means a gain accruing to a transparent entity (or which would be treated as accruing to that entity were it not transparent) by reason of the transfer of assets by the transparent entity to another company on the merger.
- (5) Tax is calculated in accordance with this subsection if—
- (a) so far as permitted under the law of the relevant member State, losses arising on the merger are set against gains arising on the merger, and
- (b) any relief available under that law has been claimed.
##### 140K
- (1) This section applies if—
- (a) a transparent entity (“company A”) is a transferee for the purposes of section 140A(1A) or 140E,
- (b) a person (“X”) with an interest in company A was or is also a shareholder or debenture holder of a company (“company B”),
- (c) X became entitled to an interest, or an increased interest, in company A in exchange for a disposal of shares in, or debentures of, company B on a merger to which section 140E applied or on a transfer to which section 140A(1A) applied,
- (d) a chargeable gain accrued to X on the disposal of shares in or debentures of company B,
- (e) in calculating the gain on the shares or debentures account was taken of the value of an asset of company B, and
- (f) X makes a disposal of his interest in the asset.
- (2) In computing the gain accruing to X on a disposal to which subsection (1)(f) applies, the sum allowable as a deduction in accordance with section 38(1)(a) in relation to the interest, or the proportion of the interest, which X acquired on the merger or transfer shall be the value taken into account in computing the gain on the disposal of his shares in, or debentures of, company B.
- (3) In this section a reference to an interest in company A includes—
- (a) an interest in the assets of company A,
- (b) shares in company A, and
- (c) debentures of company A.
##### 140L
- (1) In sections 140A to 140K and this section, unless the contrary intention appears—
- (a) “the Mergers Directive” means Council Directive 2009/133/EC,
- (b) “company” means an entity listed as a company in Part A of Annex I to the Mergers Directive, and
- (c) “transparent entity” means an entity which is resident in a member State other than the United Kingdom and is listed as a company in Part A of Annex I to the Mergers Directive, but—
- (i) does not have an ordinary share capital (within the meaning given by section 1119 of CTA 2010), and
- (ii) if it were resident in the United Kingdom, would not be capable of being a company within the meaning given by the Companies Act 2006.
- (2) For the purposes of those sections and subsection (1) above, a company is resident in a member State if—
- (a) it is within a charge to tax under the law of the State as being resident for that purpose, and
- (b) it is not regarded, for the purpose of any double taxation relief arrangements to which the State is a party, as resident in a territory not within a member State.
#### Treatment of alternative finance arrangements
#### Restrictions on buying losses: tax avoidance schemes
##### 140GA
Sections 24 and 122 do not apply if—
- (a) a merger is effected by the transfer by a company (“the transferor company”) of all of its assets and liabilities to a single company that holds the whole of the ordinary share capital in the transferor company,
- (b) each merging company is resident in a member State,
- (c) the merging companies are not all resident in the same State,
- (d) section 139 does not apply in relation to the transfer, and
- (e) in the course of the merger the transferor company ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c. 55).
##### 14A
- (1) This section applies if—
- (a) by virtue of section 13, part of a chargeable gain that accrues to a company on the disposal of an asset is treated as accruing to an individual in a tax year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) The part of the chargeable gain treated as accruing to the individual (“the deemed chargeable gain”) is a foreign chargeable gain within the meaning of section 12 if (and only if) the asset is situated outside the United Kingdom.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained by the company on the disposal of the asset as deriving from the deemed chargeable gain, and
- (b) unless the consideration so obtained is of an amount at least equal to the market value of the asset, treat the asset as deriving from the deemed chargeable gain.
- (4) If—
- (a) the deemed chargeable gain is a foreign chargeable gain (within the meaning of section 12),
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the year mentioned in subsection (1), and
- (c) any of the deemed chargeable gain is remitted to the United Kingdom in a tax year after that year,
the chargeable gain treated under section 12(2) as accruing may not be reduced or extinguished under section 13(8).
##### 16ZA
- (1) In this section “*the relevant tax year*”, in relation to an individual, means the first tax year for which—
- (a) section 809B of ITA 2007 (claim for remittance basis) applies to the individual, and
- (b) the individual is not domiciled in the United Kingdom.
- (2) An individual may make an election under this section for the relevant tax year (in which case sections 16ZB and 16ZC have effect in relation to the individual for the relevant tax year and all subsequent tax years).
- (3) If an individual does not make such an election, foreign losses accruing to the individual in—
- (a) the relevant tax year, or
- (b) any subsequent tax year except one in which the individual is domiciled in the United Kingdom,
are not allowable losses.
- (4) Sections 42 and 43 of the Management Act (procedure and time limit for making claims), except section 42(1A) of that Act, apply in relation to an election under this section as they apply in relation to a claim for relief.
- (5) An election under this section is irrevocable.
- (6) In this section “*foreign loss*” means a loss accruing from the disposal of an asset situated outside the United Kingdom.
##### 16ZB
- (1) This section applies to an individual for a tax year (“the applicable tax year”) if—
- (a) the individual has made an election under section 16ZA,
- (b) foreign chargeable gains accrued to the individual in or after the relevant tax year (within the meaning of section 16ZA) but before the applicable tax year, and
- (c) by reason of the remission of any of the foreign chargeable gains to the United Kingdom, chargeable gains are treated under section 12 as accruing to the individual in the applicable tax year or a part of the applicable tax year (“the relevant gains”).
- (2) Section 2(2) or (4) has effect for the applicable tax year as if the relevant gains had not accrued.
- (3) The amount on which the individual is charged to capital gains tax for the applicable tax year is (instead of the amount given by section 2(2) or (4)(b), as reduced under section 3) the sum of—
- (a) the adjusted taxable amount, and
- (b) the amount of the relevant gains.
- (4) “*The adjusted taxable amount*” is—
- (a) if section 3(1) (annual exempt amount) does not apply to the individual for the applicable tax year, the amount given by section 2(2) or (4)(b) as it has effect by virtue of subsection (2), and
- (b) otherwise, so much of that amount as exceeds the exempt amount for the applicable tax year (within the meaning of section 3).
- (5) In subsection (1) “*foreign chargeable gains*” has the meaning given by section 12(4).
- (6) For the purposes of subsection (1)(c) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
##### 16ZC
- (1) This section applies to an individual for a tax year if—
- (a) the individual has made an election under section 16ZA for the tax year or any earlier tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the tax year, and
- (c) the individual is not domiciled in the United Kingdom in the tax year.
- (2) The following steps apply for the purpose of calculating the amount on which the individual is to be charged to capital gains tax for the tax year.
- *Step 1*Deduct any relevant allowable losses from the chargeable gains referred to in subsection (3) in the order in which they appear there (starting with paragraph (a) of that subsection).If allowable losses are deductible from the chargeable gains referred to in subsection (3)(b) but are not enough to exhaust them all—those chargeable gains are to be ordered according to the day on which they accrued,the losses are to be deducted from those gains in reverse chronological order (starting with the last chargeable gain to accrue), andif allowable losses are deductible from chargeable gains that accrued on a particular day but are not enough to exhaust all of the chargeable gains that accrued on that day, the amount deducted from each of those chargeable gains is the appropriate proportion of the losses.In paragraph (c) “*the appropriate proportion*”, in relation to a chargeable gain, is the amount of that gain divided by the total amount of the chargeable gains that accrued on the day in question.
- *Step 2*Treat the amount referred to in section 2(2) or (4)(a) or 16ZB(3)(a) as being equal to—the amount it would be if there were no relevant allowable losses, minusthe total amount deducted under Step 1 from chargeable gains within subsection (3)(a) or (c).
- (3) The chargeable gains are—
- (a) foreign chargeable gains accruing to the individual in the tax year, to the extent that they are remitted to the United Kingdom in that year or, if that year is a split year as respects the individual, in the UK part of that year,
- (b) foreign chargeable gains accruing to the individual in that year, to the extent that they are not so remitted in that year or they are so remitted in that year but it is a split year as respects the individual and they are so remitted in the overseas part of the year, and
- (c) chargeable gains accruing to the individual in that year (other than foreign chargeable gains).
- (4) Chargeable gains treated as accruing under section 87 or 89(2) (read, where appropriate, with section 10A) are not within any paragraph of subsection (3).
- (5) Chargeable gains treated as accruing under section 12 are not within subsection (3)(c).
- (6) For the purposes of subsection (3) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
- (7) In this section—
- “*relevant allowable losses*” means the allowable losses that section 2(2) provides may be deducted from chargeable gains accruing to the individual in the tax year or a part of the tax year, and
- “*foreign chargeable gains*” has the meaning given by section 12(4).
##### 16ZD
- (1) This section applies if section 16ZC applies to an individual for a tax year.
- (2) Any allowable loss deducted under step 1 of section 16ZC(2) is to be regarded (for the purposes of section 2(2)(b)) as allowed as a deduction from chargeable gains accruing to the individual in the tax year.
- (3) If a deduction is made under step 1 of section 16ZC(2) from a foreign chargeable gain within section 16ZC(3)(b), the amount of the foreign chargeable gain is reduced by the amount deducted.
#### Disposals in cases of hire-purchase and similar transactions.
##### 35A
- (1) This section applies for the purposes of capital gains tax in relation to a disposal of an asset if—
- (a) the person making the disposal acquired the asset after 31 March 1982 and before 6 April 2008,
- (b) the disposal by which the person acquired the asset (“the relevant disposal”), and any previous disposal of the asset after 31 March 1982, was a disposal on which, by virtue of any enactment, neither a gain nor a loss accrued to the person making the disposal, and
- (c) section 35(2) did not apply to the relevant disposal.
- (2) It is to be assumed that section 35(2) did apply to the relevant disposal (and that section 56(2) applied to the relevant disposal accordingly).
#### Individual who has made election under section 16ZA and to whom remittance basis applies
#### Restrictions on allowable losses
##### 52A
This Chapter applies only for the purposes of corporation tax.
##### 87A
- (1) This section supplements section 87.
- (2) The following steps are to be taken for the purposes of matching capital payments with section 2(2) amounts.
- *Step 1*Find the section 2(2) amount for the relevant tax year.
- *Step 2*Find the total amount of capital payments received by the beneficiaries from the trustees in the relevant tax year.
- *Step 3*The section 2(2) amount for the relevant tax year is matched with—if the total amount of capital payments received in the relevant tax year does not exceed the section 2(2) amount for the relevant tax year, each capital payment so received, andotherwise, the relevant proportion of each of those capital payments.“*The relevant proportion*” is the section 2(2) amount for the relevant tax year divided by the total amount of capital payments received in the relevant tax year.
- *Step 4*If paragraph (a) of Step 3 applies—reduce the section 2(2) amount for the relevant tax year by the total amount of capital payments referred to there, andreduce the amount of those capital payments to nil.If paragraph (b) of that Step applies—reduce the section 2(2) amount for the relevant tax year to nil, andreduce the amount of each of the capital payments referred to there by the relevant proportion of that capital payment.
- *Step 5*Start again at Step 1 (unless subsection (3) applies).If the section 2(2) amount for the relevant tax year (as reduced under Step 4) is not nil, read references to capital payments received in the relevant tax year as references to capital payments received in the latest tax year which—is before the last tax year for which Steps 1 to 4 have been undertaken, andis a tax year in which capital payments (the amounts of which have not been reduced to nil) were received by beneficiaries.If the section 2(2) amount for the relevant tax year (as so reduced) is nil, read references to the section 2(2) amount for the relevant tax year as the section 2(2) amount for the latest tax year—which is before the last tax year for which Steps 1 to 4 have been undertaken, andfor which the section 2(2) amount is not nil.
- (3) This subsection applies if—
- (a) all of the capital payments received by beneficiaries from the trustees in the relevant tax year or any earlier tax year have been reduced to nil, or
- (b) the section 2(2) amounts for the relevant tax year and all earlier tax years have been reduced to nil.
- (4) The effect of any reduction under Step 4 of subsection (2) is to be taken into account in any subsequent application of this section.
##### 87B
- (1) This section applies if—
- (a) chargeable gains are treated under section 87 as accruing to an individual in a tax year, and
- (b) section 809B, 809D or 809E (remittance basis) applies to the individual for that year, ...
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The chargeable gains are foreign chargeable gains within the meaning of section 12 (non-UK domiciled beneficiaries to whom remittance basis applies).
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.
- (4) For the purposes of subsection (3) property or a benefit is “relevant” if the capital payment by reason of which the chargeable gains are treated as accruing consists of—
- (a) the payment or transfer of the property or its becoming property to which section 60 applies, or
- (b) the conferring of the benefit.
##### 87C
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement, no account is to be taken of a capital payment (or a part of a capital payment) within subsection (2).
- (2) A capital payment is within this subsection if (and to the extent that) it is received (or treated as received) in a tax year from the trustees of the settlement by a company that—
- (a) is not resident in the United Kingdom in that year, and
- (b) would be a close company if it were resident in the United Kingdom,
(and is not treated under any of subsections (3) to (5) of section 96 as received by another person).
##### 90A
- (1) Section 90 does not apply to a transfer of settled property made for consideration in money or money's worth if the amount (or value) of that consideration is equal to or exceeds the market value of the property transferred.
- (2) The following provisions apply if—
- (a) section 90 applies to a transfer of settled property made for consideration in money or money's worth, and
- (b) the amount (or value) of that consideration is less than the market value of the property transferred.
- (3) If the transfer is of all of the settled property, for the purposes of section 90 treat the transfer as being of part only of the settled property.
- (4) Deduct the amount (or value) of the consideration from the amount of the market value referred to in section 90(4)(a).
##### 119B
- (1) For the purposes of section 119A reduce the amount that counts as employment income by so much of that amount (if any) as is—
- (a) unchargeable foreign securities income, or
- (b) unremitted chargeable foreign securities income.
- (1A) In this section “*unchargeable foreign securities income*” means unchargeable foreign securities income for the purposes of section 41F of ITEPA 2003 (taxable specific income: internationally mobile employees etc) (see sections 41H to 41L of that Act).
- (2) In this section “*unremitted chargeable foreign securities income*” means income that—
- (a) is chargeable foreign securities income for the purposes of section 41F of ITEPA 2003, and
- (b) has not been remitted to the United Kingdom by the end of the tax year in which the disposal mentioned in section 119A(1) occurs.
- (3) The following provisions apply if any of the unremitted chargeable foreign securities income is remitted to the United Kingdom after the end of the tax year referred to in subsection (2)(b).
- (4) The person liable for the capital gains tax on any chargeable gains arising on the disposal may make a claim for section 119A(2) to have effect as if the remitted income had been remitted before the end of that tax year.
- (5) All adjustments (by way of repayment of tax, assessment or otherwise) are to be made which are necessary to give effect to a claim under subsection (4).
- (6) Those adjustments may be made at any time, despite anything to the contrary in any enactment relating to capital gains tax.
##### 165A
- (1) This section has effect for the interpretation of section 165 (and this section).
- (2) “*Holding company*” means a company that has one or more 51% subsidiaries.
- (3) “*Trading company*” means a company carrying on trading activities whose activities do not include to a substantial extent activities other than trading activities.
- (4) For the purposes of subsection (3) above “*trading activities*” means activities carried on by the company—
- (a) in the course of, or for the purposes of, a trade being carried on by it,
- (b) for the purposes of a trade that it is preparing to carry on,
- (c) with a view to its acquiring or starting to carry on a trade, or
- (d) with a view to its acquiring a significant interest in the share capital of another company that—
- (i) is a trading company or the holding company of a trading group, and
- (ii) if the acquiring company is a member of a group of companies, is not a member of that group.
- (5) Activities do not qualify as trading activities under subsection (4)(c) or (d) above unless the acquisition is made, or the company starts to carry on the trade, as soon as is reasonably practicable in the circumstances.
- (6) The reference in subsection (4)(d) above to the acquisition of a significant interest in the share capital of another company is to an acquisition of ordinary share capital in the other company—
- (a) such as would make that company a 51% subsidiary of the acquiring company, or
- (b) such as would give the acquiring company a qualifying shareholding in a joint venture company without making the two companies members of the same group of companies.
- (7) For the purpose of determining whether a company which has a qualifying shareholding in a joint venture company is a trading company—
- (a) any holding by it of shares in the joint venture company is to be disregarded, and
- (b) it is to be treated as carrying on an appropriate proportion of the activities of the joint venture company or, where the joint venture company is the holding company of a trading group, of the activities of that group;
and in paragraph (b) above “*appropriate proportion*” means a proportion corresponding to the percentage of the ordinary share capital of the joint venture company held by the company.
- (8) “*Trading group*” means a group of companies—
- (a) one or more of whose members carry on trading activities, and
- (b) the activities of whose members, taken together, do not include to a substantial extent activities other than trading activities.
- (9) For the purposes of subsection (8) above “*trading activities*” means activities carried on by a member of the group—
- (a) in the course of, or for the purposes of, a trade being carried on by any member of the group,
- (b) for the purposes of a trade that any member of the group is preparing to carry on,
- (c) with a view to any member of the group acquiring or starting to carry on a trade, or
- (d) with a view to any member of the group acquiring a significant interest in the share capital of another company that—
- (i) is a trading company or the holding company of a trading group, and
- (ii) is not a member of the same group of companies as the acquiring company.
- (10) Activities do not qualify as trading activities under subsection (9)(c) or (d) above unless the acquisition is made, or the group member in question starts to carry on the trade, as soon as is reasonably practicable in the circumstances.
- (11) The reference in subsection (9)(d) above to the acquisition of a significant interest in the share capital of another company is to an acquisition of ordinary share capital in the other company—
- (a) such as would make that company a member of the same group of companies as the acquiring company, or
- (b) such as would give the acquiring company a qualifying shareholding in a joint venture company without making the joint venture company a member of the same group of companies as the acquiring company.
- (12) For the purpose of determining whether a group of companies is a trading group in a case where any one or more members of the group has a qualifying shareholding in a joint venture company which is not a member of the group—
- (a) every holding of shares in the joint venture company by a member of the group having a qualifying shareholding in it is to be disregarded, and
- (b) each member of the group having such a qualifying shareholding is to be treated as carrying on an appropriate proportion of the activities of the joint venture company or, where the joint venture company is a holding company of a trading group, of the activities of that group;
and in paragraph (b) above “*appropriate proportion*” means a proportion corresponding to the percentage of the ordinary share capital of the joint venture company held by the member of the group.
- (13) For the purposes of this section the activities of the members of a group of companies are to be treated as one business (with the result that activities are disregarded to the extent that they are intra-group activities).
- (14) In this section—
- “*51% subsidiary*” has the meaning given by Chapter 3 of Part 24 of CTA 2010,
- “*group of companies*” means a company which has one or more 51% subsidiaries together with those subsidiaries,
- “*joint venture company*” means a company—which is a trading company or the holding company of a trading group, and75% or more of the ordinary share capital of which (in aggregate) is held by not more than 5 persons (the shareholdings of members of a group of companies being regarded for the purposes of this paragraph as held by a single company),
- “*ordinary share capital*” has the meaning given by section 989 of ITA 2007,
- “*qualifying shareholding*”, in relation to a company and a joint venture company, means—the holding by the company of 10% or more of the ordinary share capital of the joint venture company, or(where the company is a member of a group of companies) the holding by the company and the other members of the group (between them) of 10% or more of that ordinary share capital, and
- “*trade*” means (subject to section 241(3)) anything which—is a trade, profession or vocation, within the meaning of the Income Tax Acts, andis conducted on a commercial basis and with a view to the realisation of profits.
### Chapter 3 — Entrepreneurs’ relief
##### 169H
- (1) This Chapter provides for a lower rate of capital gains tax in respect of qualifying business disposals (to be known as “*entrepreneurs' relief*”).
- (2) The following are qualifying business disposals—
- (a) a material disposal of business assets: see section 169I,
- (b) a disposal of trust business assets: see section 169J, and
- (c) a disposal associated with a relevant material disposal: see section 169K.
- (3) But in the case of certain qualifying business disposals, entrepreneurs' relief is given only in respect of disposals of relevant business assets comprised in the qualifying business disposal: see sections 169L and 169LA.
- (4) Section 169M makes provision requiring the making of a claim for entrepreneurs' relief.
- (5) Sections 169N to 169P make provision as to the amount of entrepreneurs' relief.
- (6) Sections 169Q and 169R make provision about reorganisations.
- (7) Section 169S contains interpretative provisions for the purposes of this Chapter.
##### 169I
- (1) There is a material disposal of business assets where—
- (a) an individual makes a disposal of business assets (see subsection (2)), and
- (b) the disposal of business assets is a material disposal (see subsections (3) to (7)).
- (2) For the purposes of this Chapter a disposal of business assets is—
- (a) a disposal of the whole or part of a business,
- (b) a disposal of (or of interests in) one or more assets in use, at the time at which a business ceases to be carried on, for the purposes of the business, or
- (c) a disposal of one or more assets consisting of (or of interests in) shares in or securities of a company.
- (3) A disposal within paragraph (a) of subsection (2) is a material disposal if the business is owned by the individual throughout the period of 1 year ending with the date of the disposal.
- (4) A disposal within paragraph (b) of that subsection is a material disposal if—
- (a) the business is owned by the individual throughout the period of 1 year ending with the date on which the business ceases to be carried on, and
- (b) that date is within the period of 3 years ending with the date of the disposal.
- (5) A disposal within paragraph (c) of subsection (2) is a material disposal if condition A, B, C or D is met.
- (6) Condition A is that, throughout the period of 1 year ending with the date of the disposal—
- (a) the company is the individual's personal company and is either a trading company or the holding company of a trading group, and
- (b) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7) Condition B is that the conditions in paragraphs (a) and (b) of subsection (6) are met throughout the period of 1 year ending with the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company,
and that date is within the period of 3 years ending with the date of the disposal.
- (7A) Condition C is that—
- (a) the assets disposed of are relevant EMI shares,
- (b) the option grant date is, or is before, the first date of the period of 1 year ending with the date of the disposal, and
- (c) throughout that period of 1 year—
- (i) the company is either a trading company or the holding company of a trading group, and
- (ii) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7B) Condition D is that—
- (a) the assets disposed of are relevant EMI shares acquired by the individual before the cessation date,
- (b) the option grant date is, or is before, the first date of the period of 1 year ending with the cessation date,
- (c) the conditions in paragraph (c) of subsection (7A) are met throughout that period of 1 year, and
- (d) the cessation date is within the period of 3 years ending with the date of the disposal.
- (7C) In this section “*relevant EMI shares*” means—
- (a) shares of a company acquired by an individual to which subsection (7D) applies, or
- (b) shares of a company to which subsection (7F) applies.
- (7D) This subsection applies to shares of a company acquired by an individual if the individual—
- (a) acquires them on or after 6 April 2013, and
- (b) acquires them as a result of the exercise of a qualifying option within the meaning given by section 527(4) of ITEPA 2003 (enterprise management incentives) where the option is exercised on or before the tenth anniversary of the date mentioned in section 529(2) of that Act.
- (7E) Subsection (7D) does not apply to shares acquired as a result of the exercise of a qualifying option if—
- (a) a disqualifying event (see section 533 of ITEPA 2003) occurs in relation to the option before its exercise, and
- (b) it is exercised later than the period mentioned in section 532(1)(b) of ITEPA 2003.
- (7F) This subsection applies to shares of a company if—
- (a) the shares are the new holding in a case in which section 127 applies in relation to an individual,
- (b) the original shares in that case are relevant EMI shares (whether by virtue of subsection (7D) or this subsection), and
- (c) that case is one in which section 127 applies by virtue only of—
- (i) section 126, or
- (ii) subject to subsection (7G), section 135(3).
- (7G) Subsection (7F)(c)(ii) applies only if—
- (a) the exchange of shares in question is a qualifying exchange of shares as defined in paragraph 40 of Schedule 5 to ITEPA 2003, and
- (b) when the exchange occurs, the independence requirement (see paragraph 9 of Schedule 5 to ITEPA 2003) and the trading activities requirement (see paragraphs 13 and 14 of that Schedule) are met in relation to the new company (see paragraph 40(1)(a) of that Schedule).
- (7H) In this section “*the original relevant EMI shares*”, in relation to shares which are relevant EMI shares by virtue of subsection (7F), means the shares originally acquired by the individual to which subsection (7D) applied.
- (7I) If the shares disposed of are relevant EMI shares by virtue of subsection (7F), in relation to times before the reorganisation mentioned in section 127, in subsection (7A)(c) references to the company are to be read as references to (if different)—
- (a) the company whose shares are the original relevant EMI shares, or
- (b) if there has been more than one reorganisation since the original relevant EMI shares were acquired—
- (i) the company whose shares are the original relevant EMI shares, or
- (ii) if at the time in question the individual is holding relevant EMI shares which are shares of another company, that other company.
This subsection is subject to subsection (7N).
- (7J) If the shares disposed of are relevant EMI shares by virtue of subsection (7F), the question of whether the requirement of subsection (7B)(a) is met is to be determined by reference to the date of the acquisition of the original relevant EMI shares.
- (7K) Subject to what follows, in subsections (7A)(b) and (7B)(b) “*the option grant date*” means the date on which the qualifying option in question was granted.
- (7L) Subsections (7M) and (7N) apply if the qualifying option is a replacement option for the purposes of the EMI code (see paragraph 41 of Schedule 5 to ITEPA 2003).
- (7M) In subsections (7A)(b) and (7B)(b) “*the option grant date*” means—
- (a) the date on which the old option was granted, or
- (b) if the old option was also a replacement option, the date on which the earlier old option was granted,
and so on.
- (7N) In relation to any time during the currency of an old option taken into account under subsection (7M), in subsection (7A)(c) references to the company are to be read as references to the company whose shares were the subject of the old option.
- (7O) In subsection (7B) “*the cessation date*” means the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company.
- (7P) Subsections (7Q) and (7R) apply in relation to a disposal of relevant EMI shares if—
- (a) the shares were acquired as a result of the exercise of a qualifying option where—
- (i) a disqualifying event (see section 533 of ITEPA 2003) occurs in relation to the option before its exercise, but
- (ii) it is exercised within the period mentioned in section 532(1)(b) of ITEPA 2003, or
- (b) if the shares are relevant EMI shares by virtue of subsection (7F), the original relevant EMI shares were acquired as mentioned in paragraph (a).
- (7Q) Subsection (7A)(b) has effect as if the reference to the date of the disposal were a reference to the date of the disqualifying event.
- (7R) If the disqualifying event is within section 534(1)(c) of ITEPA 2003, subsection (7B)(a) has effect as if the reference to the cessation date were a reference to the first day after the period mentioned in section 532(1)(b) of that Act if that day is later than the cessation date.
- (8) For the purposes of this section—
- (a) an individual who disposes of (or of interests in) assets used for the purposes of a business carried on by the individual on entering into a partnership which is to carry on the business is to be treated as disposing of a part of the business,
- (b) the disposal by an individual of the whole or part of the individual's interest in the assets of a partnership is to be treated as a disposal by the individual of the whole or part of the business carried on by the partnership, and
- (c) at any time when a business is carried on by a partnership, the business is to be treated as owned by each individual who is at that time a member of the partnership.
##### 169J
- (1) There is a disposal of trust business assets where—
- (a) the trustees of a settlement make a disposal of settlement business assets (see subsection (2)),
- (b) there is an individual who is a qualifying beneficiary (see subsection (3)), and
- (c) the relevant condition is met (see subsections (4) and (5)).
- (2) In this Chapter “*settlement business assets*” means—
- (a) assets consisting of (or of interests in) shares in or securities of a company, or
- (b) assets (or interests in assets) used or previously used for the purposes of a business,
which are part of the settled property.
- (3) An individual is a qualifying beneficiary if the individual has, under the settlement, an interest in possession (otherwise than for a fixed term) in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the settlement business assets disposed of.
- (4) In relation to a disposal of settlement business assets within paragraph (a) of subsection (2) the relevant condition is that, throughout a period of 1 year ending not earlier than 3 years before the date of the disposal—
- (a) the company is the qualifying beneficiary's personal company and is either a trading company or the holding company of a trading group, and
- (b) the qualifying beneficiary is an officer or employee of the company or (if the company is a member of a group of companies) of one or more companies which are members of the trading group.
- (5) In relation to a disposal of settlement business assets within paragraph (b) of that subsection, the relevant condition is that—
- (a) the settlement business assets are used for the purposes of the business carried on by the qualifying beneficiary throughout the period of 1 year ending not earlier than 3 years before the date of the disposal, and
- (b) the qualifying beneficiary ceases to carry on the business on the date of the disposal or within the period of three years before that date.
- (6) In subsection (5)—
- (a) the reference to a business carried on by the qualifying beneficiary includes a business carried on by a partnership of which the qualifying beneficiary is a member, and
- (b) the reference to the qualifying beneficiary ceasing to carry on the business includes the qualifying beneficiary ceasing to be a member of the partnership or the partnership ceasing to carry on the business.
##### 169K
- (1) There is a disposal associated with a relevant material disposal if—
- (a) condition A1, A2 or A3 is met, and
- (b) conditions B and C are met.
- (1A) Condition A1 is that an individual (“P”) makes a material disposal of business assets which consists of the disposal of the whole or part of P's interest in the assets of a partnership, and—
- (a) P's disposed of interest is at least a 5% interest in the partnership's assets, and
- (b) at the date of the disposal, no partnership purchase arrangements exist.
- (1B) Condition A2 is that P makes a material disposal of business assets which consists of the disposal of shares in a company, all or some of which are ordinary shares, and at the date of the disposal—
- (a) the ordinary shares disposed of—
- (i) constitute at least 5% of the company's ordinary share capital, and
- (ii) carry at least 5% of the voting rights in the company, and
- (b) no share purchase arrangements exist.
- (1C) But condition A2 is not met if the disposal of shares is a disposal by virtue of section 122, other than such a disposal treated as made in consideration of a capital distribution from a company which is made in the course of dissolving or winding up the company.
- (1D) Condition A3 is that P makes a material disposal of business assets which consists of the disposal of securities of a company, and at the date of the disposal—
- (a) the securities disposed of constitute at least 5% of the value of the securities of the company, and
- (b) no share purchase arrangements exist.
- (1E) For the purposes of conditions A2 and A3, in relation to the disposal of shares in or securities of a company (“company A”), “*share purchase arrangements*” means arrangements under which P or a person connected with P is entitled to acquire shares in or securities of—
- (a) company A, or
- (b) a company which is a member of a trading group of which company A is a member.
- (2) For the purposes of subsection (1E)(b), a company is treated as a member of a trading group of which company A is a member if, at the date of the disposal mentioned in condition A2 or A3, arrangements exist which it is reasonable to assume will result in the company and company A becoming members of the same trading group.
- (3) Condition B is that P makes the disposal as part of P's withdrawal from participation in the business carried on by the partnership or by the company or (if the company is a member of a trading group) a company which is a member of the trading group.
- (3A) The disposal mentioned in condition B is not treated as part of P's withdrawal from participation in the business carried on by a partnership if at the date of that disposal there exist any partnership purchase arrangements.
- (3B) The disposal mentioned in condition B is not treated as part of P's withdrawal from participation in the business carried on by a company (“company A”) if at the date of that disposal there exist any arrangements under which P or a person connected with P is entitled to acquire shares in or securities of—
- (a) company A, or
- (b) a company which is a member of a trading group of which company A is a member.
- (3C) For the purposes of subsection (3B)(b), a company is treated as a member of a trading group of which company A is a member if, at the date of the disposal mentioned in condition B, arrangements exist which it is reasonable to assume will result in the company and company A becoming members of the same trading group.
- (4) Condition C is that, throughout the period of 1 year ending with the earlier of—
- (a) the date of the material disposal of business assets, and
- (b) the cessation of the business of the partnership or company,
the assets which (or interests in which) are disposed of are in use for the purposes of the business.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
- (6) In this section, in relation to a partnership, “*partnership purchase arrangements*” means arrangements under which P or a person connected with P is entitled to acquire any interest in, or increase that person's interest in, the partnership (including a share of the profits or assets of the partnership or an interest in such a share).
- (7) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*securities*” includes an interest in securities, and an “*interest in securities*” includes (in particular) an option to acquire securities;
- “*shares*” includes an interest in shares, and an “*interest in shares*” includes (in particular) an option to acquire shares.
- (8) For the purposes of this section, a person is treated as entitled to acquire anything which the person—
- (a) is entitled to acquire at a future date, or
- (b) will at a future date be entitled to acquire.
- (9) For the purposes of this section the assets of—
- (a) a Scottish partnership, or
- (b) a partnership under the law of any other country or territory under which assets of a partnership are regarded as held by or on behalf of the partnership as such,
are to be treated as held by the members of the partnership in the proportions in which they are entitled to share in the profits of the partnership.
References in this section to an individual's interest in the partnership's assets are to be construed accordingly.
##### 169L
- (1) If a qualifying business disposal is one which does not consist of the disposal of (or of interests in) shares in or securities of a company, entrepreneurs' relief is given only in respect of the disposal of relevant business assets comprised in the qualifying business disposal.
- (2) In this Chapter “*relevant business assets*” means assets (including, subject to section 169LA, goodwill) which are, or are interests in, assets to which subsection (3) applies, other than excluded assets (see subsection (4) below).
- (3) This subsection applies to assets which—
- (a) in the case of a material disposal of business assets, are assets used for the purposes of a business carried on by the individual or a partnership of which the individual is a member,
- (b) in the case of a disposal of trust business assets, are assets used for the purposes of a business carried on by the qualifying beneficiary or a partnership of which the qualifying beneficiary is a member, or
- (c) in the case of a disposal associated with a relevant material disposal, are assets used for the purposes of a business carried on by the partnership or company.
- (4) The following are excluded assets—
- (a) shares and securities, and
- (b) assets, other than shares or securities, which are held as investments.
##### 169M
- (1) Entrepreneurs' relief is to be given only on the making of a claim.
- (2) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
- (a) in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (3) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
- (4) A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.
##### 169N
- (1) Where a claim is made in respect of a qualifying business disposal—
- (a) the relevant gains (see subsection (5)) are to be aggregated, and
- (b) any relevant losses (see subsection (6)) are to be aggregated and deducted from the aggregate arrived at under paragraph (a).
- (2) The resulting amount is to be treated for the purposes of this Act as a chargeable gain accruing at the time of the disposal to the individual or trustees by whom the claim is made.
- (3) The rate of capital gains tax in respect of that gain is 10%, but this is subject to subsections (4) to (4B).
- (4) Subsections (4A) and (4B) apply if the aggregate of—
- (a) the gain mentioned in subsection (2), and
- (b) the total of so much of each amount resulting under subsection (1) by virtue of its operation in relation to earlier relevant qualifying business disposals (if any) as was—
- (i) charged at the rate in subsection (3), or
- (ii) subject to reduction under subsection (2) of this section as originally enacted,
exceeds £10 million.
- (4A) The rate in subsection (3) is to apply only to so much (if any) of the gain mentioned in subsection (2) as (when added to the total mentioned in subsection (4)(b)) does not exceed £10 million.
- (4B) Section 4 (rates of capital gains tax) is to apply to so much of the gain mentioned in subsection (2) as is not subject to the rate in subsection (3).
- (5) In subsection (1)(a) “*relevant gains*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), the gains accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of chargeable gains), and
- (b) otherwise, the gains accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed).
- (6) In subsection (1)(b) “*relevant losses*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), any losses accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of allowable losses, on the assumption that notice has been given under section 16(2A) in respect of them), and
- (b) otherwise, any losses accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed, on that assumption).
- (7) In subsection (4) “*earlier relevant qualifying business disposals*” means—
- (a) where the qualifying business disposal is made by an individual, earlier qualifying business disposals made by the individual and earlier disposals of trust business assets in respect of which the individual is the qualifying beneficiary, and
- (b) where the qualifying business disposal is a disposal of trust business assets in respect of which an individual is the qualifying beneficiary, earlier disposals of trust business assets in respect of which that individual is the qualifying beneficiary and earlier qualifying business disposals made by that individual.
- (8) If, on the same day, there is both a disposal of trust business assets in respect of which an individual is the qualifying beneficiary and a qualifying business disposal by the individual, this section applies as if the disposal of trust business assets were later.
- (9) Any gain or loss taken into account under subsection (1) is not to be taken into account under this Act as a chargeable gain or an allowable loss.
##### 169O
- (1) This section applies where, on a disposal of trust business assets, there is (in addition to the qualifying beneficiary) at least one other beneficiary who, at the material time, has an interest in possession in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of.
- (2) Only the relevant proportion of the amount which would otherwise result under subsection (1) of section 169N is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) For the purposes of this section “the relevant proportion” of an amount is the same proportion of the amount as that which, at the material time—
- (a) the qualifying beneficiary's interest in the income of the part of the settled property comprising the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of, bears to
- (b) the interests in that income of all the beneficiaries (including the qualifying beneficiary) who then have interests in possession in that part of the settled property.
- (5) In subsection (4) “*the qualifying beneficiary's interest*” means the interest by virtue of which he is the qualifying beneficiary (and not any other interest the qualifying beneficiary may have).
- (6) In this section “*the material time*” means the end of the latest period of 1 year which ends not earlier than 3 years before the date of the disposal and—
- (a) in the case of a disposal of settlement business assets within paragraph (a) of subsection (2) of section 169J, throughout which the conditions in paragraphs (a) and (b) of subsection (4) of that section are met, and
- (b) in the case of a disposal of settlement business assets within paragraph (b) of subsection (2) of that section, throughout which the business is carried on by the qualifying beneficiary.
##### 169P
- (1) This section applies where, on a disposal associated with a relevant material disposal, any of the conditions in subsection (4) is met.
- (2) Only such part of the amount which would otherwise result under subsection (1) of section 169N as is just and reasonable is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) The conditions referred to in subsection (1) are—
- (a) that the assets which (or interests in which) are disposed of are in use for the purposes of the business for only part of the period in which they are in the ownership of the individual,
- (b) that only part of the assets which (or interests in which) are disposed of are in use for the purposes of the business for that period,
- (c) that the individual is concerned in the carrying on of the business (whether personally, as a member of a partnership or as an officer or employee of a company which is the individual's personal company) for only part of the period in which the assets which (or interests in which) are disposed of are in use for the purposes of the business, and
- (d) that, for the whole or any part of the period for which the assets which (or interests in which) are disposed of are in use for the purposes of the business, their availability is dependent on the payment of rent.
- (5) In determining how much of an amount it is just and reasonable to bring into account under subsection (2) regard is to be had to—
- (a) in a case within paragraph (a) of subsection (4), the length of the period for which the assets are in use as mentioned in that paragraph,
- (b) in a case within paragraph (b) of that subsection, the part of the assets that are in use as mentioned in that paragraph,
- (c) in a case within paragraph (c) of that subsection, the length of the period for which the individual is concerned in the carrying on of the business as mentioned in that paragraph, and
- (d) in a case within paragraph (d) of that subsection, the extent to which any rent paid is less than the amount which would be payable in the open market for the use of the assets.
##### 169Q
- (1) This section applies where—
- (a) there is a reorganisation (within the meaning of section 126), and
- (b) the original shares and the new holding (within the meaning of that section) would fall to be treated by virtue of section 127 as the same asset.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the reorganisation involved a disposal of the original shares; and if such a claim is made section 127 does not apply.
- (3) An election under this section must be made—
- (a) if the reorganisation would (apart from section 127) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the reorganisation takes place.
- (5) The references in this section to a reorganisation (within the meaning of section 126) includes an exchange of shares or securities which is treated as such a reorganisation by virtue of section 135 or 136.
##### 169R
- (1) This section applies where the calculation under section 116(10)(a) would (apart from this section) have effect to produce a chargeable gain for an individual by reason of a relevant transaction.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the relevant transaction involved a disposal of the old asset; and if such a claim is made section 116(10) does not apply.
- (3) An election under this section must be made—
- (a) if the relevant transaction, so far as it relates to the old asset, would (apart from section 116(10)) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the relevant transaction takes place.
- (5) In this section, “old asset” and “relevant transaction” have the meaning given by section 116.
##### 169S
- (1) For the purposes of this Chapter “*a business*” means anything which—
- (a) is a trade, profession or vocation, and
- (b) is conducted on a commercial basis and with a view to the realisation of profits.
- (2) References in this Chapter to a disposal of an interest in shares in a company include a disposal of an interest in shares treated as made by virtue of section 122.
- (3) For the purposes of this Chapter “*personal company*”, in relation to an individual, means a company—
- (a) at least 5% of the ordinary share capital of which is held by the individual, and
- (b) at least 5% of the voting rights in which are exercisable by the individual by virtue of that holding.
- (4) For the purposes of subsection (3) if the individual holds any shares in the company jointly or in common with one or more other persons, the individual is to be treated as sole holder of so many of them as is proportionate to the value of the individual's share (and as able to exercise voting rights by virtue of that holding).
- (5) In this Chapter—
- “*disposal associated with a relevant material disposal*” has the meaning given by section 169K,
- “*disposal of business assets*” has the meaning given by section 169I(2),
- “*disposal of trust business assets*” has the meaning given by section 169J,
- “*employment*” has the meaning given by section 4 of ITEPA 2003,
- “*entrepreneurs' relief*” has the meaning given by section 169H(1),
- “*holding company*” has the same meaning as in section 165 (see section 165A),
- “*material disposal of business assets*” has the meaning given by section 169I,
- “*office*” has the meaning given by section 5(3) of ITEPA 2003,
- “*ordinary share capital*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007),
- “*qualifying business disposal*” has the meaning given by section 169H(2),
- “*relevant business asset*” has the meaning given by section 169L,
- “*rent*”, in relation to an asset, includes any form of consideration given for the use of the asset,
- “*securities*”, in relation to a company, includes any debentures of the company which are deemed by subsection (6) of section 251 to be securities for the purposes of that section,
- “*settlement business assets*” has the meaning given by section 169J(2),
- “*trade*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007), ...
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Seed enterprise investment scheme: reduction of relief
#### Tax exempt distributions.
#### Disposals by Northern Ireland housing associations.
#### Amount of relief: non-resident CGT disposals
### Application of Schedule
##### A1
This Schedule applies only for the purposes of corporation tax.
### Outstanding section 2(2) amounts
##### 1A
- (1) The following steps are to be taken for the purpose of calculating the section 2(2) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 2(2) amount for the settlement for the relevant tax year and earlier tax years, as reduced under section 87A as it applies for the relevant tax year and earlier tax years.
- *Step 2*This Step applies if, by virtue of the matching of the section 2(2) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87 or 89(2) as accruing in the relevant tax year to a beneficiary who is not chargeable to tax for that year.Increase the section 2(2) amount for the applicable year (found under Step 1) by the amount of the chargeable gains.
- (2) For the purposes of Step 1 of sub-paragraph (1) take into account the effect of section 90 in relation to any transfer of settled property from or to the trustees of the settlement made in or before the relevant tax year.
- (3) For the purposes of this Schedule a beneficiary is “chargeable to tax” for a tax year if, as respects that year, the beneficiary meets the residence condition set out in section 2(1A).
### Attribution of gains: remittance basis
##### 8AA
Section 87B (remittance basis) applies in relation to chargeable gains treated under paragraph 8 as accruing as it applies in relation to chargeable gains treated under section 87 as accruing.
##### 116A
- (1) Section 116 applies in accordance with the following assumptions if—
- (a) a holding that is a relevant holding for the purposes of section 490 of CTA 2009 (holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights) is held by a company both at the end of one accounting period and at the beginning of the next, and
- (b) that section applies to the holding for one of those periods but not for the other.
- (2) The assumptions in subsections (3) and (4) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the first of those periods.
- (3) The relevant holding is assumed to have ceased to be a relevant holding for the second of those periods as a result of a transaction such as is mentioned in section 116(1) (“the reorganisation transaction”) occurring at the beginning of that period.
- (4) In relation to the reorganisation transaction within subsection (3), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
- (5) The assumptions in subsections (6) and (8) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the second of those periods.
- (6) The holding is assumed to have become a relevant holding for the second of those periods as a result of the occurrence at the end of first period of a transaction such as is mentioned in section 116(1).
- (7) But subsection (6) does not apply if the first of those periods is a period at the end of which a disposal of the relevant holding is treated as having occurred under section 212 (annual deemed disposal of holdings of unit trusts etc by insurance companies).
- (8) In relation to the reorganisation transaction within subsection (6), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
##### 116B
- (1) If at any time section 521B of CTA 2009 (application of Part 5 of that Act to certain shares as rights under a creditor relationship) begins or ceases to apply in the case of a share held by the investing company it is treated for the purposes of this Act—
- (a) as having disposed of the share immediately before that time for consideration of an amount equal to the notional carrying value of the share at that time, and
- (b) as having immediately reacquired it for consideration of the same amount.
- (2) In this section—
- “*notional carrying value*” has the same meaning as in subsection (2) of section 521F of CTA 2009 (see subsection (3) of that section),
- “*investing company*” has the same meaning as it has for the purposes of Chapter 6A of Part 6 of that Act (shares accounted for as liabilities) (see section 521A(3) of that Act).
##### 151E
- (1) The Treasury may by regulations make provision for or in connection with bringing into account in prescribed circumstances for the purposes of this Act amounts to which section 328(1) of CTA 2009 does not apply because of section 328(3) or (4) of that Act.
- (2) The regulations may—
- (a) make different provision for different cases, and
- (b) make provision subject to an election or to other prescribed conditions.
##### 151F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151G
- (1) If the Treasury make regulations under section 533 of CTA 2009 (power to change conditions for non-qualifying shares) adding, varying or removing such a condition as is mentioned in subsection (1) of that section, they may also by regulations amend this Act so as to make provision for or in connection with taxation in the case of any asset or transaction that is or was mentioned in the condition.
- (2) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) make incidental, supplemental, consequential and transitional provisions and savings.
- (3) Regulations made under subsection (2)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.
##### 156ZA
- (1) This section applies if a company is entitled to relief under Chapter 7 of Part 8 of CTA 2009 (roll-over relief in case of realisation and reinvestment) as a result of—
- (a) section 898 of that Act (roll-over relief where pre-FA 2002 assets disposed of on or after 1 April 2002), or
- (b) section 899 of that Act (roll-over relief where degrouping charge on pre-FA 2002 asset arises on or after 1 April 2002).
- (2) The company is treated for the purposes of this Act as if the consideration for the disposal of the old asset were reduced by the amount available for relief.
- (3) Subsection (2) does not affect the treatment for any purpose of the Taxes Acts of the other party to any transaction involved in the disposal of the old asset or the expenditure on other assets.
- (4) In this section—
- “*the old asset*” has the same meaning as in Chapter 7 of Part 8 of CTA 2009 (see section 754(2)), and
- “*the Taxes Acts*” means the enactments relating to income tax, corporation tax or chargeable gains.
##### 156ZB
- (1) Subsection (2) applies if there is a disposal on or after 1 April 2002 of an asset that is both—
- (a) an asset of a class specified in section 155, and
- (b) an intangible fixed asset for the purposes of Part 8 of CTA 2009.
- (2) The period specified in section 152(3)—
- (a) does not include any period beginning on or after 1 April 2002, and
- (b) may not be extended so as to include any such period.
- (3) Classes 4 to 7A in section 155 do not apply for the purposes of corporation tax as respects the acquisition of new assets that are chargeable intangible assets for the purposes of Part 8 of CTA 2009 (see section 741 of that Act).
- (4) In the case of an acquisition before 22 March 2005, subsection (3) applies as if it referred to Classes 4 to 7, instead of Classes 4 to 7A.
#### Restrictions on setting losses against pre-entry gains.
#### Restrictions on buying gains: tax avoidance schemes
#### Replacement of business assets used in connection with oil fields.
#### Disposals by Northern Ireland housing associations.
##### 286A
Chapter 3 of Part 2 of CTA 2009 (rules for determining residence of companies) applies for the purposes of—
- (a) this Act (so far as relating to capital gains tax), and
- (b) any other enactment relating to capital gains tax,
as it applies for the purposes of the Corporation Tax Acts.
##### 225B
- (1) Where an individual—
- (a) ceases to live with his spouse or civil partner in a dwelling-house or part of a dwelling-house which is their only or main residence, and
- (b) subsequently disposes of, or of an interest in, the dwelling-house or part to the spouse or civil partner,
then, if conditions A to C are met, sections 222 to 224 shall apply as if the dwelling-house or part continued to be the individual’s only or main residence until the disposal.
- (2) Condition A is that the disposal mentioned in subsection (1)(b) is pursuant to—
- (a) an agreement between the individual and his spouse or civil partner made in contemplation of or otherwise in connection with the dissolution or annulment of the marriage or civil partnership, their judicial separation or the making of a separation order in respect of them, or their separation in other circumstances such that the separation is likely to be permanent, or
- (b) an order of a court—
- (i) made on granting an order or a decree of divorce or nullity of marriage, for the dissolution or annulment of the civil partnership, or for judicial separation,
- (ii) made in connection with the dissolution or annulment of the marriage or civil partnership or the parties’ judicial separation and which is made at any time after the granting of such an order or decree,
- (iii) made at any time under section 22A, 23, 23A, 24 or 24A of the Matrimonial Causes Act 1973,
- (iv) made at any time under article 25 or 26 of the Matrimonial Causes (Northern Ireland) Order 1978,
- (v) made under section 8 of the Family Law (Scotland) Act 1985, including incidental orders made by virtue of section 14 of that Act, or
- (vi) made at any time under any provision of Schedule 5 to the Civil Partnership Act 2004 that corresponds to any of the provisions mentioned in paragraphs (iii) and (iv).
- (3) Condition B is that in the period between the individual ceasing to reside in the dwelling-house or part of the dwelling-house and the disposal to the spouse or civil partner, the dwelling-house or part continues to be the only or main residence of the spouse or civil partner.
- (4) Condition C is that the individual has not given notice under section 222(5) or 222A that another dwelling-house or part of a dwelling-house is to be treated as the individual’s main residence for any part of that period.
- (5) Section 223 (as applied by this section) shall apply only on the making of a claim by the individual.
##### 225C
- (1) This section applies where—
- (a) an individual disposes of, or of an interest in, a dwelling-house or a part of a dwelling-house which is the individual’s only or main residence (“the initial disposal”),
- (b) the individual does so as a consequence of a change to the situation of the individual’s place of work or that of a co-owner of the dwelling-house or the interest, being a change that is required by the employer of the individual or the co-owner, and
- (c) the initial disposal is under a home purchase agreement.
- (2) If—
- (a) under the terms of the agreement the individual receives, within three years of the initial disposal, a share of any profit made by the purchaser upon the purchaser’s disposal of, or of an interest in, the dwelling-house or part of the dwelling-house, and
- (b) the receipt of that sum would be treated (apart from this section) as a disposal falling within section 22 (disposal where capital sums derived from assets),
that receipt shall be treated for the purposes of this Act as a gain attributable to the initial disposal but accruing to the individual at the time the sum is received.
- (3) In this section—
- “home purchase agreement” means an agreement—made with the employer or a person operating under an agreement with the employer (“the purchaser”),which includes a term entitling the individual to receive a share of any such profit as is mentioned in subsection (2)(a);
- “co-owner”, in relation to any individual (“A”), means another individual who holds an interest jointly or in common with A, whether or not the interests of the co-owners are equal.
##### 239ZA
- (1) Any gain accruing to trustees on the disposal of an asset comprised in the settled property of an employee trust shall not be a chargeable gain where the disposal is—
- (a) a disposal to a beneficiary, or
- (b) a deemed disposal under section 71(1),
if the conditions in subsection (2) are satisfied.
- (2) The conditions are that—
- (a) an amount that is equal to or exceeds the market value of the asset is chargeable to income tax as employment income within the meaning of section 7 of ITEPA 2003 (meaning of “employment income” etc);
- (b) neither the beneficiary nor (if different) the person who is liable for the income tax is an excluded person;
- (c) no actual consideration (as opposed to consideration deemed to be given by any enactment relating to the taxation of chargeable gains) is given directly or indirectly to the trustees for the asset; and
- (d) Schedule 7D does not to any extent prevent the gain being a chargeable gain.
- (3) The following are excluded persons—
- (a) a participator in a company, shares in or securities of which are comprised in the settled property;
- (b) a participator in a close company that has provided any property that has become comprised in the settled property;
- (c) a person who was a participator in a company within paragraph (a) or (b) at any time during the 10 years before the shares, securities or other property concerned became comprised in the settled property;
- (d) a person connected with a person within any of paragraphs (a) to (c).
- (4) For the purposes of subsection (3)—
- (a) “participator” has the same meaning as in section 239 and shall, in the case of a company which is not a close company, be construed as a person who would be a participator in the company if it were a close company, but
- (b) a person is not a participator unless either—
- (i) that person is entitled to, or entitled to rights enabling the acquisition of, 5% or more of the share capital of the company or any class of shares in the company, or
- (ii) that person would be entitled to 5% or more of the company’s assets on winding-up.
- (5) In determining whether a person is connected with another for the purposes of this section, section 286 shall apply as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.
- (6) In this section—
- “beneficiary” means a person within paragraph (a) or (b) of section 86(1) of the Inheritance Tax Act 1984 (trusts for benefit of employees);
- “close company” includes a company which, if resident in the United Kingdom, would be a close company as defined in section 288;
- “employee trust” means a settlement of property to which section 86 of the Inheritance Tax Act 1984 applies or would apply but for subsection (3) of that section;
- “market value” means the market value for the purposes of capital gains tax (as to which see section 272).
#### Chargeable event when replacement property owned.
#### Restriction of losses: long funding leases of plant or machinery
#### Assets derived from other assets.
##### 103A
- (1) This Act applies in relation to a relevant offshore fund as if—
- (a) the fund were a company, and
- (b) the rights of the participants in the fund were shares in the company.
- (2) An offshore fund is a relevant offshore fund if—
- (a) it is not constituted by a company or by two or more persons carrying on a trade or business in partnership, and
- (b) it is not a unit trust scheme (see section 99).
- (3) In this section and section 103B, “participant”, in relation to an offshore fund which is not a collective investment scheme, has the meaning given in section 362(1) of TIOPA 2010.
##### 171B
- (1) This section applies where an election is made under section 171A.
- (2) The effect of the election is that the chargeable gain or allowable loss, or such amount of it as is specified in the election, is treated as accruing not to company A but to company B.
- (3) The gain or loss treated as accruing to company B is to be taken to accrue at the time that, had the election not been made, it would have accrued to company A.
- (4) Where company B is not resident in the United Kingdom, the gain or loss treated as accruing to it is to be taken to accrue in respect of a chargeable asset held by it.
- (5) For this purpose an asset is a “*chargeable asset*” in relation to a company at any time if any gain accruing to the company on a disposal of the asset by the company at that time would be a chargeable gain and would by virtue of section 10B form part of its chargeable profits for corporation tax purposes.
- (6) Any payment made by company A to company B or by company B to company A, in pursuance of an agreement between them in connection with the election—
- (a) is not to be taken into account in computing profits or losses of either company for corporation tax purposes, and
- (b) is not for any purposes of the Corporation Tax Acts to be regarded as a distribution,
provided it does not exceed the amount of the chargeable gain or allowable loss that is treated, as a result of the election, as accruing to company B.
##### 171C
- (1) This section applies where —
- (a) an election is made under section 171A in relation to a gain or loss, and
- (b) company B is an insurance company.
- (2) For the purposes of section 171A(1)(c), section 118 of the Finance Act 2012 (disposals of certain assets by and to insurance companies to fall outside the rule in section 171) is to be disregarded.
- (3) Subsection (2) does not apply if—
- (a) company A is an insurance company, and
- (b) the gain or loss arose in respect of the disposal of an asset that, immediately before the disposal, was held for the purposes of the company's long-term business.
- (4) The chargeable gain or allowable loss treated as accruing to company B as a result of the election is to be treated for the purposes of section 210A (ring-fencing of losses) as a non-BLAGAB chargeable gain or (as the case may be) a non-BLAGAB allowable loss.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 195A
- (1) Sections 195B to 195F apply for the purposes of corporation tax on chargeable gains.
- (2) In those sections—
- “*licence-consideration swap*” means a case where conditions A, B, C and D are met;
- “*mixed-consideration swap*” means a case where conditions A, B, C and E are met.
- (3) Condition A is that a company (“company A”) disposes of one or more UK licences to another company (“company B”), by way of a bargain at arm's length (“disposal A”).
- (4) Condition B is that company B disposes of one or more UK licences to company A, by way of a bargain at arm's length (“disposal B”).
- (5) Condition C is that either or both of the following paragraphs applies—
- (a) the licence, or at least one of the licences, comprised in disposal A relates to a developed area;
- (b) the licence, or at least one of the licences, comprised in disposal B relates to a developed area.
- (6) Condition D is that both—
- (a) disposal A is the only consideration given for disposal B, and
- (b) disposal B is the only consideration given for disposal A.
- (7) Condition E is that either—
- (a) disposal A is the only consideration given for disposal B, or
- (b) disposal B is the only consideration given for disposal A,
(and accordingly one of the disposals is part of the consideration given for the other disposal).
- (8) In this section and sections 195B to 196 a reference to disposal of a UK licence includes—
- (a) a disposal of an interest in a UK licence, and
- (b) a disposal of a UK licence, or an interest in a UK licence, only so far as the licence relates to part of the licensed area.
##### 195B
- (1) This section applies to a licence-consideration swap.
- (2) Each company participating in the swap is to be treated as follows.
- (3) As regards the licence, or each licence, which the company disposes of, the company is to be treated as if it had disposed of that licence for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the company.
- (4) In a case where the company acquires only one licence, the company is to be treated as if it had acquired the licence for a consideration of the same amount as the deemed disposal consideration.
- (5) In a case where the company acquires two or more licences, as regards each licence acquired, the company is to be treated as if it had acquired that licence for a consideration of—
$$DDC×ATA$where—DDC is the deemed disposal consideration,A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (6) In this section “*deemed disposal consideration*”, in relation to a company participating in the swap, means—
- (a) the amount of the consideration for which the company is, under subsection (3), treated as having disposed of its licence (if the company disposes of only one licence), or
- (b) the aggregate of all such amounts (if the company disposes of two or more licences).
##### 195C
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss loss amount (“N”) of the company that receives the mixed consideration (“company R”), exceeds
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) In a case where company R acquires only one licence, company R is to be treated as if it had acquired the licence for a consideration of—
$N-C$
- (3) In a case where company R acquires two or more licences, as regards each licence acquired, company R is to be treated as if it had acquired the licence for a consideration of—
$$(N-C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company R of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company R is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company G”) subsequently disposes of the licence, company R's acquisition of the licence is to be treated as company G's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company R is a reference to—
- (a) in a case where company R disposes of only one licence, company R's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company R disposes of two or more licences, the aggregate of company R's no gain/no loss amounts in relation to all of those disposals.
##### 195D
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss amount (“N”) of the company that receives the mixed consideration (“company R”) does not exceed
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) As regards the licence, or each licence, which company R acquires, company R is to be treated as if it had acquired the licence for nil consideration.
- (3) In a case where company R disposes of only one licence, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$C-N$
- (4) In a case where company R disposes of two or more licences, as regards each licence disposed of, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$$(C-N)×DTD$where—D is the value of the licence disposed of, and TD is total value of all the licences disposed of.$
##### 195E
- (1) This section applies to a mixed-consideration swap—
- (a) whatever the no gain/no loss amount (“N”) of the company that gives the mixed consideration (“company G”), and
- (b) whatever the amount of the non-licence consideration (“C”) which company G gives.
- (2) In a case where company G acquires only one licence, company G is to be treated as if it had acquired the licence for a consideration of—
$N+C$
- (3) In a case where company G acquires two or more licences, as regards each licence acquired, company G is to be treated as if it had acquired the licence for a consideration of—
$$(N+C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company G of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company G is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company R”) subsequently disposes of the licence, company G's acquisition of the licence is to be treated as company R's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company G is a reference to—
- (a) in a case where company G disposes of only one licence, company G's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company G disposes of two or more licences, the aggregate of company G's no gain/no loss amounts in relation to all of those disposals.
##### 198A
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for roll-over relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 152 does not apply to any of the disposal consideration, and
- (b) any gain accruing to P on the disposal is not a chargeable gain.
- (4) In this section “*disposal consideration*” means the whole of the consideration obtained on the disposal made by P.
##### 198B
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for section 153 relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 153(1)(a) applies in relation to P and the disposal, but
- (b) section 153(1)(b) does not apply to P and the acquisition.
##### 198C
- (1) This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets (“the old assets”) declares, in P's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied in the acquisition of, or of an interest in, other assets (“the new assets”),
- (b) that the acquisition will take place as mentioned in section 152(3),
- (c) that the disposal and acquisition will be a ring fence reinvestment,
- (d) that P intends to make a claim under section 198A or 198B in relation to the disposal and acquisition, and
- (e) that P has not made, and will not make, a declaration under section 153A in relation to the disposal and acquisition.
- (2) Until the declaration ceases to have effect, section 198A or 198B applies as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim made under section 198A or 198B, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) If—
- (a) P makes a declaration under this section, and
- (b) the disposal and acquisition is not a ring fence reinvestment, but qualifies for roll-over relief or section 153 relief,
on P making a claim, the declaration is to have effect as also a declaration under section 153A.
- (6) In this section “*the relevant day*” means—
- (a) in relation to capital gains tax, the third anniversary of the 31st January next following the year of assessment in which the disposal of, or of the interest in, the old assets took place, and
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (7) Section 152(6), (10) and (11) apply for the purposes of this section as they apply for the purposes of section 152.
##### 198D
- (1) If P makes a claim under section 198A or 198B, no other relevant claim may be made in respect of the relevant acquisition.
- (2) P may make a claim under section 198A or 198B (“the new claim”), if P has previously made a claim under section 152 or 153 (“the previous claim”) in respect of the relevant acquisition.
- (3) But P may make the new claim only if the previous claim is withdrawn at or before the time the new claim is made.
- (4) If the new claim is made in accordance with subsections (2) and (3), all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section—
- “*relevant acquisition*” means the acquisition of the new assets that is comprised in the disposal and acquisition to which a claim under section 198A or 198B or declaration under section 198C relates;
- “*relevant claim*” means a claim under section 152, 153, 198A or 198B.
##### 198E
- (1) This section applies for the purposes of sections 198A to 198G.
- (2) A disposal and acquisition is a ring fence reinvestment if—
- (a) the disposal was—
- (i) a material disposal, or
- (ii) a disposal of a UK licence which relates to an undeveloped area,
- (b) the old assets were used only for the purposes of P's ring fence trade,
- (c) the new assets are taken into use, and used only, for the purposes of one or more of the following trades—
- (i) P's ring fence trade;
- (ii) if P is a member of a group of companies (within the meaning given in section 170), a ring fence trade of another member of that group, and
- (d) the new assets are oil assets.
- (3) If the disposal consists of—
- (a) disposal of a licence to which section 195D(3) applies, or
- (b) disposal of two or more licences to which section 195D(4) applies,
the consideration for the disposal is to be taken to be the whole of the non-licence consideration obtained on the disposal (which is referred to as “*C*” in section 195D).
- (4) Accordingly, in sections 198A to 198G (including section 198A(4)), any reference to the consideration obtained on the disposal has effect subject to subsection (3).
- (5) Each of the following is an “*oil asset*” for the purposes of this section—
- (a) an interest in oil to be won from an oil field,
- (b) an asset used in connection with an oil field,
- (c) a structure which is to be placed on the seabed of the United Kingdom continental shelf,
- (d) an asset used wholly in the winning of oil, or in the measuring of oil won, in the United Kingdom otherwise than from an oil field,
- (e) an asset used for the initial treatment or storage of oil in the United Kingdom,
- (f) an asset used for the transportation of oil from an oil field to the United Kingdom, and
- (g) a UK licence which relates to an undeveloped area.
- (6) Section 12 of the Oil Taxation Act 1975 (interpretation of Part 1 of that Act) applies for the interpretation of subsection (5)(a) to (f).
- (7) Expressions used in this section and in section 152 have the same meanings in this section as in section 152.
- (8) In this section a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
- (9) In this section—
- “*material disposal*” has the meaning given in section 197;
- “*ring fence trade*” has the meaning given in section 198.
##### 198F
- (1) This section applies for the purposes of sections 198A and 198B and section 198G.
- (2) A disposal and acquisition qualifies for roll-over relief if—
- (a) the consideration for the disposal is applied in an acquisition as mentioned in section 152(1), and
- (b) section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.
- (4) Section 152(8) is to be disregarded.
- (5) Section 198A is to be disregarded.
- (6) Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).
##### 198G
- (1) This section applies for the purposes of sections 198B and 198C.
- (2) A disposal and acquisition qualifies for section 153 relief if—
- (a) section 153(1) applies to part of the amount or value of the consideration for the disposal,
- (b) section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and
- (c) the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.
- (4) Section 153(2) has effect subject to section 198F(4) and (5).
- (5) Section 198B is to be disregarded.
- (6) Subject to subsections (4) and (5), all the circumstances are to be taken into account, including section 198(1).
##### 263CA
- (1) This section applies where, in the case of any stock lending arrangement—
- (a) the borrower (B) becomes insolvent after the lender (L) has transferred the securities,
- (b) as a result of the insolvency, the requirement for B to make a transfer back to L will not be complied with as regards some or all of the securities,
- (c) collateral is used (whether directly or indirectly) to enable L to acquire securities (“replacement securities”) of the same description as the securities which will not be transferred back, and
- (d) the replacement securities are acquired before the end of the period of 30 days beginning with the day on which B becomes insolvent (“the insolvency date”).
- (2) In accordance with section 263B(2), the transfer of the securities under the arrangement is not to be regarded as a disposal by L for the purposes of this Act (but this is subject to subsection (5)).
- (3) B is to be treated for the purposes of this Act as having acquired the securities which will not be transferred back to L; and that acquisition is to be treated—
- (a) as being made on the insolvency date, and
- (b) as being for a consideration equal to their market value on that date.
- (4) The acquisition of the replacement securities is to be treated, as regards L, as if it were a transfer back of securities in accordance with the arrangement (so that, in accordance with section 263B(2), that acquisition is not regarded as an acquisition by L for the purposes of this Act).
- (5) If the number of replacement securities is less than the number of securities which B is treated as having acquired, L is to be treated for the purposes of this Act as having made a disposal, at the insolvency date, of the difference (“the deemed disposal”).
- (6) The consideration for the deemed disposal is—
- (a) where all the collateral is used to enable L to acquire replacement securities, nil, and
- (b) where not all the collateral is so used, the difference between—
- (i) the market value (at the insolvency date) of the number of securities which could have been acquired using the collateral, and
- (ii) the market value (at that date) of the number of securities which were in fact so acquired.
- (7) But if L at any time receives any amount (whether arising out of B's insolvency or otherwise) in respect of B's liability to L in respect of the securities which are treated under subsection (5) as having been disposed of by L that amount is to be treated as a chargeable gain accruing at that time to L.
- (8) The liability mentioned in subsection (7) is not to be treated as giving rise to a relevant non-lending relationship for the purposes of Part 6 of CTA 2009 (relationships treated as loan relationships etc).
- (9) For the purposes of this section, B becomes insolvent—
- (a) if a company voluntary arrangement takes effect under Part 1 of the Insolvency Act 1986,
- (b) if an administration application (within the meaning of Schedule B1 to that Act) is made or a receiver or manager, or an administrative receiver, is appointed,
- (c) on the commencement of a creditor's voluntary winding up (within the meaning of Part 4 of that Act) or a winding up by the court under Chapter 6 of that Part,
- (d) if an individual voluntary arrangement takes effect under Part 8 of that Act,
- (e) on the presentation of a bankruptcy petition (within the meaning of Part 9 of that Act),
- (f) if a compromise or arrangement takes effect under Part 26 of the Companies Act 2006,
- (g) if a bank insolvency order takes effect under Part 2 of the Banking Act 2009,
- (h) if a bank administration order takes effect under Part 3 of that Act, or
- (i) on the occurrence of any corresponding event which has effect under or as a result of the law of Scotland or Northern Ireland or a country or territory outside the United Kingdom.
- (10) In this section—
- (a) “*collateral*” means an amount of money or other property which—
- (i) is provided under the arrangement (or under arrangements of which the arrangement forms part), and
- (ii) is payable to or made available for the benefit of L for the purpose of securing the discharge of the requirement to transfer any or all of the securities back to L, and
- (b) any expression used in this section and in section 263B has the same meaning as in that section.
#### Company that gives mixed consideration
##### 37A
- (1) This section applies if—
- (a) a disposal occurs that is within section 614BP of ITA 2007 (including that section as it has effect as a result of section 614CD of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 11A of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (2) This section also applies if—
- (a) a disposal occurs that is within section 915 of CTA 2010 (including that section as it has effect as a result of section 929 of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 21 of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (3) In determining for the purposes of this Act the amount of any gain accruing to the person making the disposal, the consideration for the disposal is treated as reduced by setting against it that excess (but not so as to reduce the amount of that consideration below nil).
- (4) Subsection (3) only affects section 37 so far as subsection (5) provides.
- (5) Section 37 does not exclude any money or money's worth from the consideration for a disposal so far as it is represented by any such cumulative accountancy rental excess that, in accordance with subsection (3)—
- (a) falls to be set against the consideration for the disposal, or
- (b) has fallen to be set against the consideration for a previous disposal made by the person making the disposal in question or a person connected with that person.
- (6) Subsections (7) to (9) apply if the disposal mentioned in subsection (1) or (2) is a part disposal of the asset in question.
- (7) The cumulative accountancy rental excess mentioned in subsection (3) must be apportioned between—
- (a) the property disposed of, and
- (b) the property that remains undisposed of.
- (8) That apportionment must be made in the same proportions as those in which the sums that under section 38(1)(a) or (b) are attributable to the asset fall to be apportioned under section 42.
- (9) Only so much of the cumulative accountancy rental excess as is so apportioned to the property disposed of is set against the consideration for the part disposal in accordance with subsection (3).
- (10) If subsection (3) applies in a case where two or more disposals within subsection (1) or (2) are made at the same time, the cumulative accountancy rental excess mentioned in subsection (3) must be apportioned, subject to subsections (7) to (9), between the disposals in such proportions as are just and reasonable.
- (11) Section 614DC of ITA 2007 (connected persons) applies for the purposes of this section in its application as a result of any leasing arrangements (within the meaning of that section) as it applies for the purposes mentioned in that section.
### Chapter 4 — Alternative finance arrangements
### Introduction
##### 151H
- (1) This Chapter makes provision about the treatment of alternative finance arrangements with financial institutions and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).
- (2) In this Chapter “*alternative finance arrangements*” means—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, and
- (e) investment bond arrangements.
- (3) In this Chapter—
- (a) “*purchase and resale arrangements*” means arrangements to which section 151J applies,
- (b) “*diminishing shared ownership arrangements*” means arrangements to which section 151K applies,
- (c) “*deposit arrangements*” means arrangements to which section 151L applies,
- (d) “*profit share agency arrangements*” means arrangements to which section 151M applies, and
- (e) “*investment bond arrangements*” means arrangements to which section 151N applies.
- (4) For the meaning of “alternative finance return”, see sections 151P to 151S.
- (5) For the meaning of “financial institution”, see section 151I.
- (6) Also, see—
- (a) section 366 of TIOPA 2010 (power to extend this Chapter and other provisions to other arrangements by order), and
- (b) Schedule 61 to FA 2009 (alternative finance investment bonds) which makes further provision about the treatment of investment bond arrangements for the purposes of this Act.
##### 151I
- (1) In this Chapter “*financial institution*” means—
- (a) a bank, as defined by section 1120 of CTA 2010,
- (b) a building society,
- (c) a wholly-owned subsidiary—
- (i) of a bank within paragraph (a), or
- (ii) of a building society,
- (d) a person authorised by a licence under Part 3 of the Consumer Credit Act 1974 to carry on a consumer credit business or consumer hire business within the meaning of that Act,
- (e) a bond-issuer, within the meaning of section 151N, but only in relation to any bond assets which are rights under purchase and resale arrangements, diminishing shared ownership arrangements or profit share agency arrangements,
- (f) a person authorised in a jurisdiction outside the United Kingdom—
- (i) to receive deposits or other repayable funds from the public, and
- (ii) to grant credits for its own account,
- (g) an insurance company as defined in section 65 of the Finance Act 2012, or
- (h) a person who is authorised in a jurisdiction outside the United Kingdom to carry on a business which consists of effecting or carrying out contracts of insurance or substantially similar business but not an insurance special purpose vehicle as defined in section 139(1) of the Finance Act 2012.
- (2) For the purposes of subsection (1)(c) a company is a wholly-owned subsidiary of a bank or building society (“the parent”) if it has no members except—
- (a) the parent or persons acting on behalf of the parent, and
- (b) the parent's wholly-owned subsidiaries or persons acting on behalf of the parent's wholly-owned subsidiaries.
### Arrangements that are alternative finance arrangements
##### 151J
- (1) This section applies to arrangements if—
- (a) they are entered into between two persons (“*the first purchaser*” and “*the second purchaser*”), one or both of whom are financial institutions, and
- (b) under the arrangements—
- (i) the first purchaser purchases an asset and sells it to the second purchaser,
- (ii) the sale occurs immediately after the purchase or in the circumstances mentioned in subsection (2),
- (iii) all or part of the second purchase price is not required to be paid until a date later than that of the sale,
- (iv) the second purchase price exceeds the first purchase price, and
- (v) the excess equates, in substance, to the return on an investment of money at interest.
- (2) The circumstances are that—
- (a) the first purchaser is a financial institution, and
- (b) the asset referred to in subsection (1)(b)(i) was purchased by the first purchaser for the purpose of entering into arrangements within this section.
- (3) In this section—
- “*the first purchase price*” means the amount paid by the first purchaser in respect of the purchase, and
- “*the second purchase price*” means the amount payable by the second purchaser in respect of the sale.
- (4) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from this section and sections 151K to 151N).
##### 151K
- (1) This section applies to arrangements if under them—
- (a) a financial institution (“the first owner”) acquires a beneficial interest in an asset,
- (b) another person (“the eventual owner”) also acquires a beneficial interest in it,
- (c) the eventual owner is to make payments to the first owner amounting in aggregate to the consideration paid for the acquisition of the first owner's beneficial interest (but subject to any adjustment required for such a reduction as is mentioned in subsection (5)),
- (d) the eventual owner is to acquire the first owner's beneficial interest (whether or not in stages) as a result of those payments,
- (e) the eventual owner is to make other payments to the first owner (whether under a lease forming part of the arrangements or otherwise),
- (f) the eventual owner has the exclusive right to occupy or otherwise to use the asset, and
- (g) the eventual owner is exclusively entitled to any income, profit or gain arising from or attributable to the asset (including, in particular, an increase in its value).
- (2) For the purposes of subsection (1)(a) it does not matter if—
- (a) the first owner acquires its beneficial interest from the eventual owner,
- (b) the eventual owner, or another person who is not the first owner, also has a beneficial interest in the asset, or
- (c) the first owner also has a legal interest in it.
- (3) Subsection (1)(f) does not prevent the eventual owner from granting an interest or right in relation to the asset if the conditions in subsection (4) are met.
- (4) The conditions are that—
- (a) the grant is not to—
- (i) the first owner,
- (ii) a person controlled by the first owner, or
- (iii) a person controlled by a person who also controls the first owner, and
- (b) the grant is not required by the first owner or arrangements to which the first owner is a party.
- (5) Subsection (1)(g) does not prevent the first owner from—
- (a) having responsibility for any reduction in the asset's value, or
- (b) having a share in a loss arising out of any such reduction.
- (6) Section 1124 of CTA 2010 (meaning of “control”) applies for the purposes of this section.
- (7) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from section 151J, this section and sections 151L to 151N).
##### 151L
- (1) This section applies to arrangements if under them—
- (a) a person (“the depositor”) deposits money with a financial institution,
- (b) the money, together with money deposited with the institution by other persons, is used by it with a view to producing a profit,
- (c) from time to time the institution makes or credits a payment to the depositor out of profit resulting from the use of the money,
- (d) the payment is in proportion to the amount deposited by the depositor, and
- (e) the payments so made or credited by the institution equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J, 151K, this section and sections 151M and 151N).
##### 151M
- (1) This section applies to arrangements if under them—
- (a) a person (“*the principal*”) appoints an agent,
- (b) one or both of the principal and agent is a financial institution,
- (c) the agent uses money provided by the principal with a view to producing a profit,
- (d) the principal is entitled, to a specified extent, to profits resulting from the use of the money,
- (e) the agent is entitled to any additional profits resulting from its use (and may also be entitled to a fee paid by the principal), and
- (f) payments made because of the principal's entitlement to profits equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151L, this section and section 151N).
##### 151N
- (1) This section applies to arrangements if—
- (a) they provide for one person (“the bond-holder”) to pay a sum of money (“the capital”) to another (“the bond-issuer”),
- (b) they identify assets, or a class of assets, which the bond-issuer will acquire for the purpose of generating income or gains directly or indirectly (“the bond assets”),
- (c) they specify a period at the end of which they cease to have effect (“the bond term”),
- (d) the bond-issuer undertakes under the arrangements—
- (i) to dispose at the end of the bond term of any bond assets which are still in the bond-issuer's possession,
- (ii) to make a repayment of the capital (“the redemption payment”) to the bond-holder during or at the end of the bond-term (whether or not in instalments), and
- (iii) to pay to the bond-holder other payments on one or more occasions during or at the end of the bond term (“additional payments”),
- (e) the amount of the additional payments does not exceed an amount which would be a reasonable commercial return on a loan of the capital,
- (f) under the arrangements the bond-issuer undertakes to arrange for the management of the bond assets with a view to generating income sufficient to pay the redemption payment and additional payments,
- (g) the bond-holder is able to transfer the rights under the arrangements to another person (who becomes the bond-holder because of the transfer),
- (h) the arrangements are a listed security on a recognised stock exchange, and
- (i) the arrangements are wholly or partly treated in accordance with international accounting standards as a financial liability of the bond-issuer, or would be if the bond-issuer applied those standards.
- (2) For the purposes of subsection (1)—
- (a) the bond-issuer may acquire bond assets before or after the arrangements take effect,
- (b) the bond assets may be property of any kind, including rights in relation to property owned by someone other than the bond-issuer,
- (c) the identification of the bond assets mentioned in subsection (1)(b) and the undertakings mentioned in subsection (1)(d) and (f) may (but need not) be described as, or accompanied by a document described as, a declaration of trust,
- (d) a reference to the management of assets includes a reference to disposal,
- (e) the bond-holder may (but need not) be entitled under the arrangements to terminate them, or participate in terminating them, before the end of the bond term,
- (f) the amount of the additional payments may be—
- (i) fixed at the beginning of the bond term,
- (ii) determined wholly or partly by reference to the value of or income generated by the bond assets, or
- (iii) determined in some other way,
- (g) if the amount of the additional payments is not fixed at the beginning of the bond term, the reference in subsection (1)(e) to the amount of the additional payments is a reference to the maximum amount of the additional payments,
- (h) the amount of the redemption payment may (but need not) be subject to reduction in the event of a fall in the value of the bond assets or in the rate of income generated by them, and
- (i) entitlement to the redemption payment may (but need not) be capable of being satisfied (whether or not at the option of the bond-issuer or the bond-holder) by the issue or transfer of shares or other securities.
- (3) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151M and this section).
##### 151O
- (1) Arrangements to which this section applies are not—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, or
- (e) investment bond arrangements.
- (2) This section applies to arrangements if—
- (a) apart from this section they would be alternative finance arrangements,
- (b) subsection (3) or (5) of section 147 of TIOPA 2010 (tax calculations to be based on arm's length, not actual, provision) requires the profits and losses of a person who is a party to the arrangements to be calculated for tax purposes as if the arm's length provision (within the meaning of that section) had been made or imposed rather than in accordance with the arrangements,
- (c) any person who is an affected person for the purposes of Part 4 of that Act (“the affected person”) is entitled to—
- (i) relevant return in relation to the arrangements, or
- (ii) an amount representing relevant return in relation to them, and
- (d) the affected person is not subject—
- (i) to income tax or corporation tax, or
- (ii) to any corresponding tax under the law of a territory outside the United Kingdom,
on the relevant return or the amount representing it.
- (3) In this section “*relevant return*”, in relation to arrangements, means any amount which would be alternative finance return if the arrangements were alternative finance arrangements.
### Meaning of “alternative finance return”
##### 151P
- (1) In the case of purchase and resale arrangements, so much of the second purchase price as is specified under the following provisions of this section is alternative finance return for the purposes of this Chapter.
- (2) If under the arrangements the whole of the second purchase price is paid on one day, the alternative finance return equals the amount by which the second purchase price exceeds the first purchase price.
- (3) If under the arrangements the second purchase price is paid by instalments, the alternative finance return in each instalment equals the appropriate amount.
- (4) The appropriate amount is an amount equal to the interest which would have been included in the instalment on the assumptions in subsection (5).
- (5) The assumptions are that—
- (a) interest is payable on a loan by the first purchaser to the second purchaser of an amount equal to the first purchase price,
- (b) the total interest payable on the loan is equal to the amount by which the second purchase price exceeds the first purchase price,
- (c) the instalment is a part repayment of the principal of the loan with interest, and
- (d) the loan is made on arm's length terms and accounted for under generally accepted accounting practice.
- (6) In this section expressions used in section 151J have the same meaning as in that section.
##### 151Q
- (1) If, in the case of purchase and resale arrangements, alternative finance return is paid in a currency other than sterling—
- (a) by or to a person other than a company, and
- (b) otherwise than for the purposes of a trade, profession or vocation or a property business,
subsections (2) and (3) apply as respects that person.
- (2) The amount of the excess referred to in section 151P(2) and (5)(b) and the appropriate amount for the purposes of section 151P(3) and (4) are to be calculated in that other currency.
- (3) The amount of each payment of alternative finance return is to be translated into sterling at a spot rate of exchange for the day on which the payment is made.
##### 151R
- (1) In the case of diminishing shared ownership arrangements, payments by the eventual owner under the arrangements are alternative finance return for the purposes of this Chapter, except so far as subsection (2) or (3) applies to them.
- (2) This subsection applies to the payments so far as they amount to payments of the kind described in section 151K(1)(c) (payments to be made by the eventual owner to the institution, amounting to the consideration paid for the acquisition of the institution's beneficial interest).
- (3) This subsection applies to the payments so far as they amount to payments in respect of any arrangement fee or legal or other expenses which the eventual owner is required under the arrangements to pay.
- (4) In this section “*the eventual owner*” has the same meaning as in section 151K.
##### 151S
- (1) In the case of deposit arrangements, amounts paid or credited as mentioned in section 151L(1)(c) by a financial institution under the arrangements (payments to depositor out of profits resulting from use of money) are alternative finance return for the purposes of this Chapter.
- (2) In the case of profit share agency arrangements, amounts paid or credited by a financial institution in accordance with such an entitlement as is mentioned in section 151M(1)(d) (principal's entitlement to profits under the arrangements) are alternative finance return for the purposes of this Chapter.
- (3) In the case of investment bond arrangements, the additional payments under the arrangements are alternative finance return for the purposes of this Chapter.
- (4) In this section “*additional payments*” has the same meaning as in section 151N (see subsection (1)(d)(iii) of that section).
### Special rules for investment bond arrangements
##### 151T
- (1) For the purposes of section 117, investment bond arrangements are a corporate bond, issued on the date on which the arrangements are entered into, if each of conditions A to D is met.
- (2) Condition A is that the capital is expressed in sterling.
- (3) Condition B is that the arrangements do not include provision for the redemption payment to be in a currency other than sterling.
- (4) Condition C is that entitlement to the redemption payment is not capable of conversion (directly or indirectly) into an entitlement to the issue of securities apart from other arrangements to which section 151N applies.
- (5) Condition D is that the additional payments are not determined wholly or partly by reference to the value of the bond assets.
- (6) Section 117(2) applies for the purposes of this section as it applies for the purposes of section 117(1).
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151U
- (1) This section applies for the purposes of this Act and any other enactment about capital gains tax and irrespective of the position for other purposes.
- (2) The bond-holder under investment bond arrangements is not treated as having a legal or beneficial interest in the bond assets.
- (3) The bond-issuer under such arrangements is not treated as a trustee of the bond assets.
- (4) Gains accruing to the bond-issuer in connection with the bond assets are gains of the bond-issuer and not of the bond-holder (and do not arise to the bond-issuer in a fiduciary or representative capacity).
- (5) Payments made by the bond-issuer by way of redemption payment or additional payment are not made in a fiduciary or representative capacity.
- (6) The bond-holder is not entitled to relief for capital expenditure in connection with the bond assets.
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151V
- (1) Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
- (2) For those purposes—
- (a) a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
- (b) a reference in an enactment to interest is to be taken as a reference to alternative finance return.
- (3) In subsection (2) “*the redemption payment*” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).
##### 151W
Investment bond arrangements are not—
- (a) a unit trust scheme for the purposes of this Act, or
- (b) an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to capital gains tax.
### Other rules
##### 151X
- (1) If under purchase and resale arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151J).
- (2) If under diminishing shared ownership arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151K).
- (3) If under investment bond arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151N).
- (4) Subsections (1) to (3) do not affect the operation of any provision of this Act or the Tax Acts that provides that the consideration for a sale or purchase is taken for any purpose to be an amount other than the actual consideration.
##### 151Y
Diminishing shared ownership arrangements are not treated as a partnership for capital gains tax purposes.
### Registered societies and co-operatives
##### 217D
- (1) Subsection (2) applies if—
- (a) there is a union or amalgamation of two or more relevant bodies or a transfer of engagements from one relevant body to another, and
- (b) in the course of, or as part of, that union, amalgamation or transfer there is a disposal of an asset by one relevant body to another.
- (2) Both bodies are treated for the purposes of corporation tax on chargeable gains as if the asset were acquired from the body making the disposal for a consideration which is of the amount needed to secure that on the disposal neither a gain nor a loss accrues to the body making the disposal.
- (3) In this section “*relevant body*” means—
- (a) a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 or a society registered or treated as registered under the Industrial and Provident Societies Act (Northern Ireland) 1969,
- (aa) a society registered as a credit union under the Credit Unions (Northern Ireland) Order 1985 (S.I. 1985/1205 (N.I. 12)),
- (b) an SCE formed in accordance with Council Regulation [(EC) No 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Co-Operative Society, or
- (c) a UK agricultural or fishing co-operative, as defined in section 1058 of CTA 2010.
### Joint interests in land
##### 248A
- (1) Section 248B applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold—
- (a) a holding of land, or
- (b) two or more separate holdings of land.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in—
- (a) the holding, or
- (b) one or more of the holdings,
to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in a holding of land held jointly by the landowner and one or more of the co-owners.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals) the landowner and each of the co-owners become—
- (a) in a case falling within subsection (2)(a), the sole owner of part of the holding, or
- (b) in a case falling within subsection (2)(b), the sole owner of one or more of the holdings.
- (6) Condition E is that the acquired interest is not an interest in excluded land (see section 248C).
- (7) For the purposes of this section—
- (a) references to a holding of land include references to an estate or interest in a holding of land, and are to be read in accordance with section 243(3);
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) “co-owner” means any person who holds a holding of land jointly with the landowner;
- (d) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in the holding, or in one or more of the holdings, which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (e) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 248B
- (1) If the amount or value of the consideration for the disposal of the relinquished interest is equal to or less than the amount or value of the consideration for the acquired interest, the landowner, on making a claim, is to be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues to the landowner, and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the excess of the amount or value of the consideration for the disposal of the relinquished interest over the amount of the consideration which the landowner is treated as receiving under paragraph (a).
- (2) Where the amount or value of the consideration for the disposal of the relinquished interest exceeds the amount or value of the consideration for the acquired interest, then if the excess (“the unexpended consideration”) is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal of the relinquished interest, the landowner on making a claim is to be treated for the purposes of this Act—
- (a) as if the amount of the gain so accruing were reduced to the amount of the unexpended consideration (and, if not all chargeable gain, with a proportionate reduction in the amount of the chargeable gain), and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the amount by which the gain is reduced (or, as the case may be, the amount by which the chargeable gain is proportionately reduced) under paragraph (a).
- (3) Subsections (1) and (2) are subject to section 248C(3).
- (4) Nothing in subsection (1) or (2) affects the treatment for the purposes of this Act of a co-owner (within the meaning given by section 248A(7)).
- (5) Where subsection (1)(a) applies to exclude a gain which, in consequence of Schedule 2 (assets held on 6th April 1965) is not all chargeable gain, the amount of the reduction to be made under subsection (1)(b) shall be the amount of the chargeable gain, and not the whole amount of the gain.
##### 248C
- (1) Land is excluded land to the extent that—
- (a) it is a dwelling-house or part of a dwelling-house (or an interest in or right over a dwelling-house), and
- (b) by virtue of, or of any claim under, any provision of sections 222 to 226 (private residences) the whole or any part of a gain accruing on a disposal of it by the landowner at a material time would not be a chargeable gain.
- (2) In subsection (1)(b), “a material time” means any time during the period of 6 years beginning on the date of the acquisition of the acquired interest.
- (3) If land was not excluded land at the date of the acquisition of the acquired interest but becomes excluded land within 6 years of the acquisition, the amount of any chargeable gain accruing on the disposal of the relinquished interest shall be re-determined without regard to any relief previously given under section 248B by reference to the amount or value of the consideration for the acquisition of the interest in that land.
- (4) Any adjustments of capital gains tax in accordance with subsection (3), whether by way of assessment or otherwise, may be made at any time, despite anything in section 34 of the Management Act (time limit for assessments).
- (5) Expressions used in this section have the same meaning as in section 248A.
##### 248D
- (1) This section applies where—
- (a) section 248B applies to a holding (or holdings) of land, and
- (b) milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.
- (2) Section 248B(1), (2) and (4) apply—
- (a) to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
- (b) to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.
##### 248E
- (1) This section applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold an interest in two or more dwelling–houses.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in one or more of the dwelling-houses to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in one of the other dwelling–houses.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals)—
- (a) the dwelling-house in which the landowner acquires an interest becomes the only or main residence of the landowner, and
- (b) each of the other dwelling-houses becomes the only or main residence of one (and only one) of the co-owners.
- (6) Condition E is that if each dwelling-house were disposed of immediately after the disposal (or disposals) mentioned in subsection (5) then by virtue of sections 222 and 223 (private residences) no part of the gain accruing on each of those disposals would be a chargeable gain.
- (7) The landowner, on making a claim jointly with the co-owner or co-owners, shall be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues, and
- (b) as if the acquired interest were acquired by the landowner—
- (i) at the time it was acquired jointly by the landowner and the co-owner or co-owners, and
- (ii) for a consideration equal to the amount of the sums that would have been allowable under section 38(1)(a) and (b) (acquisition and disposal costs etc) as a deduction in the computation of any gain on a disposal of the acquired interest by the co-owner or co-owners.
- (8) For the purposes of this section—
- (a) “co-owner” means any person who holds an interest in a dwelling-house jointly with the landowner;
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in a dwelling-house which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (d) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 256C
- (1) This section applies if a charitable company has a non-exempt amount under section 493 of CTA 2010 for an accounting period.
- (2) Attributable gains of the charitable company for the period may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 494 of CTA 2010.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 494 of CTA 2010, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 494 of CTA 2010.
- (5) In this section and section 256D a charitable company's “attributable income” and “attributable gains” for an accounting period have the same meaning as in Part 11 of CTA 2010 (see section 493 of that Act).
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256D
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256C.
- (2) The charitable company may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires a charitable company to make a specification under this section, and
- (b) the charitable company has not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 268B
- (1) A gain is not a chargeable gain if—
- (a) it accrues to a person on receipt of a capital sum paid by way of compensation for the deprivation of a foreign asset,
- (b) no legal redress was available when the deprivation occurred, and
- (c) the sum is paid as the result of a relevant compensation award.
- (2) A relevant compensation award is an award or distribution made—
- (a) under—
- (i) an Order in Council made under the Foreign Compensation Act 1950, or
- (ii) arrangements established by the government of a territory outside the United Kingdom that are equivalent in effect to such an Order,
- (b) as a result of a recommendation of—
- (i) the Spoliation Advisory Panel, or
- (ii) a body outside the United Kingdom whose purposes and functions are equivalent to those of the Panel, or
- (c) in settlement of a legal claim to the effect that the deprivation was unlawful or in accordance with an order to that effect made by a court, tribunal or other competent authority with jurisdiction to decide such a claim.
- (3) Reference in this section to the payment of a capital sum by way of compensation for the deprivation of a foreign asset includes—
- (a) payment as a result of the abandonment or extinguishment of rights in respect of the deprivation;
- (b) return of the asset itself.
- (4) In the case of a gain accruing to a person other than the original owner—
- (a) subsection (1) does not apply if consideration had been given at any time (whether by that person or someone else) for the right to receive the compensation, but
- (b) consideration given on an acquisition falling within section 58(1) or 171(1) is to be ignored for these purposes.
- (5) If the capital sum is paid (or the foreign asset returned) to a person to whom an allowable loss has accrued as a result of—
- (a) the deprivation of the foreign asset, or
- (b) the abandonment or extinguishment of rights in respect of the deprivation,
subsection (1) applies only to so much of any gain as exceeds that loss.
- (6) For a person to obtain relief under this section, the person must make a claim.
- (7) If the capital sum is paid by means of the transfer of an asset (or the foreign asset is returned), that asset is to be treated for the purposes of computing a gain or a loss on its subsequent disposal as if it were acquired for a consideration equal to its market value at the time of the transfer.
- (8) In this section—
- “capital sum” means money or money’s worth;
- “deprivation”, in relation to a foreign asset, includes deprivation resulting from—the seizure, confiscation, forfeiture, destruction or expropriation of the asset,the disposal of the asset by a sale under duress for less than market value;
- “foreign asset” means an asset which was situated outside the United Kingdom at the time of the deprivation;
- “legal redress”, in relation to the deprivation of a foreign asset, means a right to recover the asset or to receive compensation for the deprivation;
- “original owner” means the person who owned the foreign asset at the time of the deprivation;
- “Spoliation Advisory Panel” includes any successor to that Panel.
- (9) This section does not apply in relation to a gain to which section 268A applies.
## Part 7A — UK representatives of non-UK residents
### Chapter 1 — Treatment of branch or agency as UK representative of non-UK resident
### Introduction
##### 271A
- (1) This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.
- (2) For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.
### Branches and agencies
##### 271B
- (1) This section applies if—
- (a) a non-UK resident carries on (alone or in partnership) any trade, profession or vocation through a branch or agency in the United Kingdom, and
- (b) the branch or agency is to be treated under Chapter 2B of Part 14 of ITA 2007 as the UK representative of the non-UK resident in relation to amounts within section 835E(2) of that Act.
- (2) The branch or agency is the UK representative of the non-UK resident in relation to amounts which, by reference to the branch or agency, are chargeable to capital gains tax under section 10 above.
- (3) The following rules are to be applied for the purposes of subsection (2) and Chapter 2 in relation to an amount within that subsection.
- *Rule 1* The UK representative continues to be the UK representative of the non-UK resident in relation to the amount even after ceasing to be a branch or agency through which the non-UK resident carries on the trade, profession or vocation concerned.
- *Rule 2* The UK representative is treated in relation to the amount as a distinct and separate person from the non-UK resident (if the representative would not otherwise be so treated).
- *Rule 3* If the branch or agency is carried on by persons in partnership, the partnership, as such, is treated in relation to the amount as the UK representative of the non-UK resident.
- (4) For further rules that apply where a trade or profession carried on by a non-UK resident in the United Kingdom is carried on in partnership, see section 271C.
##### 271C
- (1) Subsection (2) applies if a trade or profession carried on by a non-UK resident through a branch or agency in the United Kingdom is carried on by the non-UK resident in partnership.
- (2) The trade or profession carried on through the branch or agency is, for the purposes of section 271B and Chapter 2, to be treated as including the notional trade or profession.
- (3) Subsection (4) applies (in addition to subsection (2) if that subsection also applies) if—
- (a) a trade or profession carried on by a non-UK resident in the United Kingdom is carried on by the non-UK resident in partnership, and
- (b) any member of the partnership is resident in the United Kingdom.
- (4) The notional trade or profession is, for the purposes of section 271B and Chapter 2, to be treated as being a trade carried on in the United Kingdom through the partnership as such.
- (5) In this section “*the notional trade or profession*” means the notional trade from which the non-UK resident's share in the partnership's profits or losses is treated for the purposes of section 852 of ITTOIA 2005 as deriving.
##### 271D
In this Chapter—
- “*branch or agency*” means any factorship, agency, receivership, branch or management, and
- “*non-UK resident*” means a person who is not resident in the United Kingdom.
### Chapter 2 — Capital gains tax obligations and liabilities imposed on UK representatives
##### 271E
- (1) This Chapter applies to the enactments contained in—
- (a) this Act,
- (b) the Tax Acts, and
- (c) subordinate legislation made under this Act or the Tax Acts,
so far as they make provision for or in connection with the assessment, collection and recovery of tax, or of interest on tax.
- (2) Those enactments have effect in accordance with section 271F in relation to amounts in respect of which a branch or agency is to be treated as the UK representative of a non-UK resident under Chapter 1.
- (3) In this section “*subordinate legislation*” has the same meaning as in the Interpretation Act 1978.
##### 271F
- (1) The obligations and liabilities of a non-UK resident are to be treated, for the purposes of the enactments to which this Chapter applies, as if they were also the obligations and liabilities of the UK representative of the non-UK resident.
- (2) Subsection (3) applies if—
- (a) the UK representative of a non-UK resident discharges an obligation or liability imposed by this section that corresponds to one to which the non-UK resident is subject, or
- (b) a non-UK resident discharges an obligation or liability that corresponds to one to which the non-UK resident's UK representative is subject by virtue of this section.
- (3) The corresponding obligation or liability—
- (a) of the non-UK resident (in a case within subsection (2)(a)), or
- (b) of the UK representative (in a case within subsection (2)(b)),
is discharged.
- (4) A non-UK resident is bound, as if they were the non-UK resident's own, by acts or omissions of the non-UK resident's UK representative in the discharge of the obligations and liabilities imposed on the representative by this section.
- (5) This section is subject to sections 271G and 271H.
##### 271G
- (1) An obligation or liability attaching to a non-UK resident (“X”) by reason of a notice or other document having been given or served on X does not also attach to the UK representative of X by virtue of section 271F unless the notice or other document (or a copy of it) has been given to or served on the representative.
- (2) An obligation or liability attaching to X by reason of a request or demand having been received by X does not also attach to the UK representative of X by virtue of section 271F unless the representative has been notified of the request or demand.
- (3) Subsection (4) applies to obligations relating to the provision of information that are imposed on the UK representative of X by section 271F in a case where the representative is X's independent agent.
- (4) The obligations do not require the UK representative to do anything except so far as it is practicable for the representative to do so.
- (5) For this purpose, the representative must act to the best of the representative's knowledge and belief after taking all reasonable steps to obtain the necessary information.
- (6) An obligation of X to provide information is not discharged by virtue of section 271F in a case where the UK representative of X has discharged the obligation only so far as required by subsection (4) of this section.
- (7) X is not bound by virtue of section 271F by mistakes in information provided by the UK representative of X in discharging, so far as required under subsection (4) of this section, an obligation imposed on the representative by section 271F unless—
- (a) the mistake is the result of an act or omission of X, or
- (b) the mistake is one to which X consented or in which X connived.
- (8) In this section “*information*” includes anything contained in a return, self-assessment, account, statement or report required to be provided to the Commissioners for Her Majesty's Revenue and Customs or to any officer of Revenue and Customs.
##### 271H
- (1) A person is not by virtue of section 271F liable to be proceeded against for a criminal offence unless the person—
- (a) committed the offence, or
- (b) consented to or connived in its commission.
- (2) An independent agent of a non-UK resident is not by virtue of section 271F liable to any civil penalty or surcharge in respect of an act or omission if conditions A and B are met.
- (3) Condition A is that the act or omission is not—
- (a) an act or omission of the independent agent, or
- (b) an act or omission to which the agent consented or in which the agent connived.
- (4) Condition B is that the independent agent is able to show that the amount of the penalty or surcharge will not be recoverable out of the sums mentioned in section 271I(3) (after being indemnified for any other liabilities under section 271I).
##### 271I
- (1) An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.
- (2) An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.
- (3) The sums are those which—
- (a) (ignoring subsection (2)) are due from the independent agent to the non-UK resident, or
- (b) are received by the independent agent on behalf of the non-UK resident.
##### 271J
- (1) In this Chapter “*non-UK resident*” means a person who is not resident in the United Kingdom.
- (2) In this Chapter “*independent agent*”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.
- (3) For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.
#### Chargeable events when bonds owned.
#### Identification of exempt employee shareholder shares
##### 1A
- (1) This paragraph applies where—
- (a) paragraph 1(1) applies to a disposal of shares in or securities of a company that are of a class,
- (b) accordingly, the shares or securities constitute or form part of a holding which the person making the disposal (“P”) is treated as having held on 31st March 1982 (“the deemed 1982 holding”),
- (c) the disposal by which P acquired the shares or securities, and any previous disposal of them after 31st March 1982, was a disposal to which section 171(1) (transfers within a group) applied,
- (d) some or all of the shares or securities constituting the deemed 1982 holding were in fact held on 31st March 1982 by a person other than P, and
- (e) in the hands of that person on that date they formed part of a holding which—
- (i) consisted of shares or securities of the same class as the shares or securities disposed of, and
- (ii) was larger than the deemed 1982 holding.
- (2) If P makes a claim, then for the purposes of section 35(2) the market value on 31st March 1982 of the shares or securities disposed of is to be treated as being—
$$VLH×NDONLH$where—VLH is the market value on 31st March 1982 of the larger holding mentioned in sub-paragraph (1)(e) (in the hands of the person who in fact held it on that date),NDO is the number of shares or securities disposed of, andNLH is the number of shares or securities comprised in the larger holding on that date.$
- (3) Sub-paragraph (4) applies where sub-paragraph (1)(d) and (e) are met by two or more persons holding the shares or securities as two or more holdings or parts of holdings (“the original holdings”).
- (4) Sub-paragraph (2) applies for the purpose of calculating the market value on 31st March 1982 of the shares or securities disposed of, except that—
- (a) VLH is the market value on 31st March 1982 of the largest of the original holdings, and
- (b) NLH is the number of shares or securities comprised in that holding.
- (5) A claim under sub-paragraph (2) must be made on or before the second anniversary of the end of the accounting period of P in which the disposal takes place.
- (6) Shares in or securities of a company shall not be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
##### 252A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 8A
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 1
- (1) This Schedule applies where—
- (a) an individual makes a disposal of a debt to which section 252(1) applies (“the relevant disposal”),
- (b) the debt (“the section 252 debt”) is not situated in the United Kingdom, and
- (c) money or money's worth which is remitted foreign income (“the section 37 amount”) is excluded under section 37 from the consideration for the relevant disposal.
- (2) For this purpose “*remitted foreign income*” means income of the individual which is chargeable to income tax on the alternative basis of charge set out in Chapter A1 of Part 14 of ITA 2007 (remittance basis).
- (3) In determining whether the condition in sub-paragraph (1)(c) is met, the following provisions of this Schedule are to be ignored.
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4A
- (1) Subsection (2) applies if for a tax year—
- (a) a person is entitled, by virtue of section 539 of ITTOIA 2005 (gains from contracts for life insurance etc), to relief by reference to the amount of a deficiency, or
- (b) the residuary income of an estate is treated, by virtue of section 669(1) and (2) of that Act (reduction in residuary income: inheritance tax on accrued income), as reduced so as to reduce a person's income by any amount for the purposes of extra liability.
- (2) Section 4(7) is to have effect as if the person's Step 3 income for the year were reduced by the amount of the deficiency mentioned in subsection (1)(a) or the amount mentioned in subsection (1)(b) (as the case may be).
- (3) Subsections (4) and (5) apply if, by virtue of section 465 of ITTOIA 2005 (gains from contracts for life insurance etc), a person's total income for a tax year is deemed to include any amount or amounts.
- (4) Section 4(7) is to have effect as if the person's Step 3 income for the year included not the whole of the amount or amounts concerned but only the annual equivalent within the meaning of section 536(1) of that Act or the total annual equivalent within the meaning of section 537 of that Act (as the case may be).
- (5) If—
- (a) relief is given under section 535 of that Act, and
- (b) the calculation under section 536(1) or 537 of that Act (as the case may be) does not involve the higher rate of income tax,
section 4(4) and (5) are to have effect as if no income tax were chargeable at the higher rate, the Scottish higher rate or the dividend upper rate in respect of the person's income.
##### 4B
- (1) Where it is necessary to determine—
- (a) from which chargeable gains an allowable loss accruing to a person is to be deducted, or
- (b) which allowable losses are to be deducted from any chargeable gains accruing to a person,
(including in a case falling within subsection (2)), the losses concerned may be used in whichever way is most beneficial to that person.
- (2) Where the gains accruing to a person in a tax year are (apart from this section) chargeable to capital gains tax at different rates, the exempt amount under section 3 may be used in respect of those gains in whichever way is most beneficial to that person.
- (3) This section is subject to any enactment which contains a limitation on the gains from which allowable losses may be deducted.
##### 142A
- (1) This section applies if share capital issued in lieu of a cash dividend by—
- (a) a company UK REIT, or
- (b) the principal company of a group UK REIT,
is attributed as mentioned in section 550(2)(a), (c) or (d) of CTA 2010 (attribution of distributions).
- (2) The case shall not constitute a reorganisation of the company's share capital for the purposes of sections 126 to 128.
- (3) The person who acquires the share capital by means of its issue shall (notwithstanding section 17(1)) be treated for the purposes of section 38(1)(a) as having acquired that asset for a consideration equal to the cash equivalent of the share capital.
- (4) Section 414A(2) to (4) of ITTOIA 2005 (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of Chapter 5 of Part 4 of that Act.
- (5) Section 412(1), (2), (4) and (5) of that Act (meaning of “cash equivalent of share capital”) applies for the purposes of this section as it applies in relation to share capital issued as mentioned in section 410(1)(a) of that Act.
- (6) In this section “company UK REIT” and “principal company of a group UK REIT” are to be read in accordance with Part 12 of CTA 2010 (Real Estate Investment Trusts).
##### 198H
Section 198A or 198B is to apply where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
- (b) the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
- (c) the claim under that section is made by both companies,
as if both companies were the same person.
##### 225D
- (1) This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part of the dwelling-house was occupied by another person (“B”)—
- (a) in England and Wales, pursuant to an adult placement scheme,
- (b) in Scotland, pursuant to arrangements which constitute or form part of an adult placement service involving the provision of accommodation for B, or
- (c) in Northern Ireland, pursuant to arrangements made with an adult placement agency for the provision of accommodation for B.
- (2) For the purposes of this Part, in determining the periods during which the dwelling-house, or any part of the dwelling-house, was A's only or main residence, B's occupation of part of the dwelling-house pursuant to the scheme or arrangement is to be disregarded.
- (3) For the purposes of section 224, the occupation of the part of the dwelling-house by B pursuant to the scheme or arrangement does not amount to the use of that part of the dwelling-house by A exclusively for the purpose of a trade, business, profession or vocation.
- (4) In this section—
- “*adult placement agency*” means an organisation or undertaking—that arranges for the provision of care and support (including accommodation) for persons in need, andin respect of which a requirement to register arises under Article 12 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003,
- “*adult placement scheme*” means a scheme—under which an individual agrees with the person carrying on the scheme to provide care and support (including accommodation) to an adult who is in need of it, andin respect of which a requirement to register arises under section 11 of the Care Standards Act 2000, and
- “*adult placement service*” has the meaning given by paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010.
##### 26A
- (1) This section applies where the balance of a dormant account held by a person with a bank or building society is transferred—
- (a) to an authorised reclaim fund, with the result that section 1 of the Dormant Bank and Building Society Accounts Act 2008 applies in relation to the account, or
- (b) to an authorised reclaim fund and one or more charities, with the result that section 2 of that Act applies in relation to the account.
- (2) For the purposes of this Act—
- (a) the transfer is not to be treated as involving any acquisition or disposal of an asset, and
- (b) the person's rights under Part 1 of that Act are to be treated as the same asset as the original rights, acquired as the original rights were acquired and having the same characteristics as those rights.
- (3) “The original rights” are the person's rights against the bank or building society immediately before the transfer.
- (4) Terms used in this section and in the Dormant Bank and Building Society Accounts Act 2008 have the same meaning in this section as in that Act.
##### 103B
- (1) This section applies in relation to an offshore fund which is a transparent fund but is not a unit trust scheme (“the fund”).
- (2) Section 99B applies for the purposes of computing the gain accruing on a disposal by a participant of an interest in the fund and for all other provisions of this Act as if—
- (a) the fund were a unit trust scheme,
- (b) the interest in the fund were units in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (3) In this section “transparent fund” has the meaning given by the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 11).
#### Death: application of law in Scotland.
#### Disposals made by persons after leaving cash basis
##### 119C
- (1) This section applies for the purposes of section 119A if an amount deducted under section 480(5)(d) of ITEPA 2003, which (apart from this section) would by virtue of section 119A(5)(a) be added back to an amount counting as employment income, is or includes unremitted Part 7A income.
- (2) So much of the amount deducted as is unremitted Part 7A income is not to be added back.
- (3) In this section “*unremitted Part 7A income*” means an amount counting as employment income under Chapter 2 of Part 7A of ITEPA 2003—
- (a) to which section 554Z9(2) or 554Z10(2) of that Act applies, and
- (b) which has not been remitted to the United Kingdom by the end of the tax year in which the disposal mentioned in section 119A(1) occurs.
- (4) Section 119B(4) to (6) applies if any of the unremitted Part 7A income is remitted to the United Kingdom after the end of the tax year referred to in subsection (3)(b).
##### 179ZA
- (1) This section applies where—
- (a) a gain accrues to a company (“company A”) on a sale referred to in subsection (3) or (6) of section 179, or
- (b) a gain would so accrue but for subsection (3A) or (7A) of that section.
- (2) If subsection (3D) or (3E) of that section applies in relation to one or more group disposals (within the meaning of that section)—
- (a) the company making the disposal, or
- (b) if there is more than one disposal, the companies making those disposals acting jointly,
may make a claim for the amount of the gain to be treated for the purposes of the subsection in question as reduced by an amount specified in the claim.
- (3) In any other case, company A may make a claim for the amount of the gain to be treated for all purposes of this Act as reduced by an amount specified in the claim.
- (4) Where a claim is made under subsection (2) or (3), the gain must be treated, for the purposes mentioned in the subsection in question, as reduced by such amount (if any) as is just and reasonable.
- (5) In determining the amount which is just and reasonable regard must be had, in particular, to any transaction as a direct or indirect result of which company A or any associated company (within the meaning of section 179(10)) acquired the asset to which the gain relates.
- (6) Where under this section the gain accruing to company A on a sale referred to in subsection (3) or (6) of section 179 is treated as reduced by an amount (“the permitted deduction”), the subsection in question has effect, so far as it provides for the immediate reacquisition of the asset by company A, as if the reference to market value of the asset were to its market value less the permitted deduction.
##### 195F
- (1) This section applies if—
- (a) expenditure is incurred by company A or company B (see section 195A) on a licence disposed of by it under a licence-consideration swap or mixed-consideration swap,
- (b) the expenditure is incurred before the disposal,
- (c) the expenditure falls within section 38(1)(b), and
- (d) the expenditure is reimbursed or effectively reimbursed (whether by way of adjustment of the non-licence consideration (if any) or otherwise) by the company (“*the other company*”) to whom the disposal is made (whether before, on or after the date of the disposal).
- (2) The expenditure is to be treated for the purposes of this Act as expenditure —
- (a) incurred by the other company on the licence immediately after the disposal, and
- (b) which falls within section 38(1)(b).
##### 198I
- (1) The incurring of exploration, appraisal and development expenditure in the course of a ring fence trade is to be treated for the purposes of sections 198A to 198H as the acquisition of assets—
- (a) which are the new assets mentioned in section 152,
- (b) which are taken into use, and used only, for the purposes of the ring fence trade,
- (c) which are oil assets, and
- (d) which fall within the classes of assets listed in section 155.
- (2) The reference in subsection (1) to sections 198A to 198H includes sections 152, 153, 175 and 198(1) so far as they apply for the purpose of determining whether a disposal and acquisition qualifies for roll-over relief or section 153 relief (within the meaning given in section 198F or 198G).
- (3) Section 198C has effect in relation to expenditure within subsection (1) of this section as if subsection (5) of that section were omitted.
- (4) References in this section to exploration, appraisal and development expenditure are to expenditure on oil and gas exploration, appraisal and development activities which is treated as such under generally accepted accounting practice.
- (5) Nothing in this section affects sections 152, 153, 175 and 198(1) so far as they apply otherwise than for the purposes of sections 198A to 198H.
- (6) In this section—
- “*oil asset*” has the meaning given in section 198E(5);
- “*ring fence trade*” has the meaning given in section 198.
##### 241A
- (1) The following provisions of this section shall have effect with respect to the treatment for the purposes of tax on chargeable gains of the commercial letting of furnished holiday accommodation in EEA states other than the United Kingdom.
- (2) For the purposes of this section as it applies to capital gains tax, the “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 3 of ITTOIA 2005.
- (3) For the purposes of this section as it applies to corporation tax in respect of chargeable gains, the “*commercial letting of furnished holiday accommodation*” has the same meaning as it has for the purposes of Chapter 6 of Part 4 of CTA 2009.
- (4) Subject to subsections (6) to (10) below, for the purposes of the provisions mentioned in subsection (5) below—
- (a) any overseas property business which consists of, or so far as it consists of, the commercial letting of furnished holiday accommodation in one or more EEA states shall be treated as a trade, and
- (b) all such lettings made by a particular person or partnership or body of persons shall be treated as one trade.
- (5) The provisions referred to in subsection (4) above are—
- sections 152 to 157 (roll-over relief on replacement of business assets),
- section 165 (gifts relief),
- section 169S(1) (entrepreneurs' relief),
- section 253 (relief for loans to traders), and
- Schedule 7AC (exemptions for disposals by companies with substantial shareholdings).
- (6) Subject to subsection (7) below, for the purposes of the provisions mentioned in subsection (5) above as they apply by virtue of this section, where in any chargeable period a person makes a commercial letting of furnished holiday accommodation in an EEA state other than the United Kingdom—
- (a) the accommodation shall be taken to be used in that period only for the purposes of the trade of making such lettings, and
- (b) that trade shall be taken to be carried on throughout that period.
- (7) Subsection (6) does not apply to any part of a chargeable period during which the accommodation is neither let commercially nor available to be so let unless it is prevented from being so let or available by any works of construction or repair.
- (8) Where—
- (a) a gain to which section 222 applies accrues to any individual on the disposal of an asset, and
- (b) by virtue of subsection (4) above the amount or value of the consideration for the acquisition of the asset is treated as reduced under section 152 or 153,
the gain to which section 222 applies shall be reduced by the amount of the reduction mentioned in paragraph (b) above.
- (9) Where there is a letting of accommodation only part of which is holiday accommodation such apportionments shall be made for the purposes of this section as are just and reasonable.
- (10) Where a person has been charged to tax in respect of chargeable gains otherwise than in accordance with the provisions of this section, such assessment, reduction or discharge of an assessment, or, where a claim for repayment is made, such repayment, shall be made as may be necessary to give effect to those provisions.
- (11) In this section “*overseas property business*” means—
- (a) an overseas property business within the meaning of the Income Tax Acts (see section 989 of ITA 2007), or
- (b) a overseas property business within the meaning of the Corporation Tax Acts (see section 1119 of CTA 2010).
##### 257A
- (1) Section 257 does not apply in relation to—
- (a) a tainted donation made by a person, or
- (b) any associated donation.
- (2) For the purposes of this section—
- (a) “*tainted donation*” means a tainted donation within the meaning of Chapter 8 of Part 13 of ITA 2007 (tainted charity donations: removal of income tax reliefs etc) or Part 21C of CTA 2010 (tainted charity donations: removal of corporation tax relief), and
- (b) “*associated donation*” means an associated donation within the meaning of section 809ZM of ITA 2010 or section 939F of CTA 2010.
##### 276A
- (1) On a no gain/no loss disposal by a company in relation to which an election under section 18A of CTA 2009 (exemption for profits or losses of foreign permanent establishments) has effect, the amount of the consideration which would secure that neither a gain nor a loss would accrue to the company on the disposal is to be arrived at after taking account of the operation of the provisions of Chapter 3A of Part 2 of that Act (with the result that that amount includes the amount which for the purposes of that Chapter would in the case of the company be the foreign permanent establishments amount attributable to the disposal for the accounting period in which it was made if the disposal were not a no gain/no loss disposal).
- (2) For the purposes of this section a no gain/no loss disposal is one on which by virtue of section 152 or any of the no gain/no loss provisions neither a gain nor a loss accrues to the company making the disposal.
#### Prevention of double charge.
### Effect of transfer of trading assets within a group
##### 15A
- (1) For the purposes of this Part, the period for which the investing company is treated as holding a substantial shareholding in the company invested in is extended in accordance with sub-paragraph (3) if the following conditions are met.
- (2) The conditions are—
- (a) that, immediately before the disposal, the investing company holds a substantial shareholding in the company invested in,
- (b) that an asset which, at the time of the disposal, is being used for the purposes of a trade carried on by the company invested in was transferred to it by the investing company or another company,
- (c) that, at the time of the transfer of the asset, the company invested in, the investing company and, if different, the company which transferred the asset were all members of the same group, and
- (d) that the asset was previously used by a member of the group (other than the company invested in) for the purposes of a trade carried on by that member at a time when it was such a member.
- (2A) For the purposes of sub-paragraph (2)(b) and (d), “*trade*” includes oil and gas exploration and appraisal.
- (3) The investing company is to be treated as having held the substantial shareholding at any time during the final 12 month period when the asset was used as mentioned in sub-paragraph (2)(d) (if it did not hold a substantial shareholding at that time).
- (4) “*The final 12 month period*” means the period of 12 months ending with the time of the disposal.
##### 103C
- (1) The Treasury may by regulations make provision about the treatment of participants in collective investment schemes for the purposes of this Act.
- (2) The regulations may, in particular, specify descriptions of collective investment scheme in relation to which they are to apply.
- (3) Regulations under this section may make different provision for different cases or different purposes.
- (4) Regulations under this section—
- (a) may modify this Act or any other enactment or instrument (whenever passed or made), and
- (b) may include incidental, consequential, supplementary or transitional provision.
- (5) A statutory instrument containing regulations under this section must be laid before the House of Commons after being made.
- (6) The regulations cease to have effect at the end of the period of 40 days beginning with the day on which the instrument is made unless before the end of that period the instrument is approved by a resolution of the House of Commons.
- (7) After an instrument containing regulations under this section has been approved under subsection (6), subsections (5) and (6) do not apply to any subsequent such instrument (and accordingly section 287(3) applies to any such instrument).
- (8) If regulations cease to have effect as a result of subsection (6), that does not—
- (a) affect anything previously done under the regulations, or
- (b) prevent the making of new regulations to the same or similar effect.
- (9) In calculating the period of 40 days for the purposes of subsection (6), no account is to be taken of any time during which Parliament is dissolved or prorogued or during which the House of Commons is adjourned for more than 4 days.
- (10) In this section—
- “*modify*” includes amend, repeal or revoke, and
- “*participant*”, in relation to a collective investment scheme, is to be read in accordance with section 235 of the Financial Services and Markets Act 2000.
##### 150E
- (1) For the purpose of determining the gain or loss on any disposal of shares by an individual where—
- (a) an amount of SEIS relief is attributable to the shares, and
- (b) apart from this subsection there would be a loss,
the consideration given by the individual for the shares is to be treated as reduced by the amount of the relief.
- (2) Where—
- (a) shares are disposed of by an individual after the end of the period referred to in section 257AC(2) of ITA 2007,
- (b) an amount of SEIS relief is attributable to the shares, and
- (c) (apart from this subsection) there would be a gain,
the gain is not a chargeable gain.
- (3) Despite section 16(2), subsection (2) does not apply to a disposal on which a loss accrues.
- (4) Subsection (5) applies where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 257H of ITA 2007 (spouses and civil partners) as reduced) for any tax year under section 257AB of that Act in respect of an issue of shares,
- (b) the amount of the reduction (“R”) is less than the amount (“T”) which is equal to tax at the SEIS rate on the amount subscribed for the issue, and
- (c) R is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007.
- (5) If there is a disposal of the shares on which there is a gain, subsection (2) applies only to so much of the gain as is found by multiplying it by the fraction—
$R T$
- (6) Any question as to—
- (a) which of any shares that—
- (i) are acquired by an individual at different times, and
- (ii) are shares to which SEIS relief is attributable,
a disposal relates to, or
- (b) whether a disposal relates to shares to which SEIS relief is attributable,
is to be determined for the purposes of capital gains tax as for the purposes of section 257HA of ITA 2007.
Chapter 1 of this Part has effect subject to this subsection.
- (7) Sections 104, 105 and 106A do not apply to shares to which SEIS relief is attributable.
- (8) Where—
- (a) an individual holds shares (“the existing holding”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, SEIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 do not apply in relation to the existing holding.
- (9) Sections 135 and 136 do not apply in respect of shares to which SEIS relief is attributable.
- (10) Subsection (9) does not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company's assets on its winding up and no present or future right to be redeemed,
- (b) the new shares are issued after the end of the relevant period, and
- (c) the condition in subsection (11) is satisfied.
- (11) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 257EB(1) of ITA 2007 and in accordance with sections 257EC and 257ED of that Act.
- (12) All such adjustments of capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of the SEIS relief being given or withdrawn.
- (13) Where shares to which SEIS relief is attributable are exchanged for other shares in circumstances such that section 257HB of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (9) above does not have effect to disapply section 135, and
- (b) sections 257HB(3)(b), 257HC(2)(a) and 257HD of ITA 2007 apply for the purposes of this section as they apply for the purposes of Part 5A of that Act.
- (14) For the purposes of this section—
- “*eligible shares*” means shares that meet the requirements of section 257CA(2);
- “*new holding*” is to be construed in accordance with sections 126, 127, 135 and 136;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*relevant period*” means the period found by applying section 257AC(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (9) and by reference to those shares;
- “*the SEIS rate*” has the meaning given by section 257AB(3) of ITA 2007;
- “*SEIS relief*” means relief under Part 5A of ITA 2007 (seed enterprise investment scheme);
and that Part applies to determine whether SEIS relief is attributable to any shares and, if so, the amount of SEIS relief so attributable.
##### 150F
- (1) This section has effect where—
- (a) section 150E(2) applies on a disposal of shares, and
- (b) before the disposal, value is received in circumstances where SEIS relief attributable to the shares is reduced by an amount under section 257FE(2)(a) of ITA 2007.
- (2) If section 150E(2) applies on the disposal but section 150E(5) does not, section 150E(2) applies only to so much of the gain as remains after deducting so much of it as is found by multiplying it by the fraction—
$$A B$where—A is the amount by which the SEIS relief attributable to the shares is reduced as mentioned in subsection (1), andB is the amount of the relief attributable to the shares.$
- (3) If section 150E(2) and (5) apply on the disposal, section 150E(2) applies only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 150E(5), and
- (b) deducting from that part so much of it as is found by multiplying it by the fraction mentioned in subsection (2) above.
- (4) Where the SEIS relief attributable to the shares is reduced as mentioned in subsection (1) by more than one amount, “A” in subsection (2) is to be taken to be equal to the aggregate of the amounts.
- (5) The amount which is “B” in subsection (2) is to be found without regard to any reduction mentioned in subsection (1).
- (6) For the purposes of this section, Part 5A of ITA 2007 (seed enterprise investment scheme) applies to determine whether SEIS relief is attributable to any shares and, if so, the amount of SEIS relief so attributable.
##### 150G
Schedule 5BB to this Act (which provides relief in respect of re-investment under the seed enterprise investment scheme ... ) has effect.
##### 213A
- (1) The Treasury may make regulations for the purpose mentioned in subsection (2) in any case where—
- (a) an insurance company to which the I - E rules apply is deemed to make a disposal under section 212 of an interest in an offshore fund,
- (b) the offshore fund is a CFC, and
- (c) there is (or, but for the regulations, would be) a CFC charge on the insurance company referable to its relevant interest in the CFC for the accounting period in which the disposal is deemed to have been made.
- (2) The regulations are to be made for the purpose of modifying the operation of—
- (a) section 212 or 213,
- (b) the CFC rules, or
- (c) the I - E rules,
in relation to any accounting period of the insurance company so as to reduce the charge to tax.
- (3) The regulations may—
- (a) make different provision for different cases or circumstances, and
- (b) contain incidental, supplementary, consequential, transitional, transitory or saving provision.
- (4) The provision that may be made as a result of subsection (3)(b) includes provision modifying any other provision of the Corporation Tax Acts.
- (5) In this section—
- “*CFC*” and “*CFC charge*” have the same meanings as in Part 9A of TIOPA 2010 (see section 371VA),
- “*the CFC rules*” means the rules contained in that Part, and
- “*offshore fund*” has the meaning given by section 355 of TIOPA 2010.
#### Only first £50,000 of shares under associated agreements to be exempt
#### Interpretation of Chapter
### Disqualifying arrangements
##### 11A
- (1) Where an individual subscribes for eligible shares (“the shares”) in a company (“*the company*”), the shares are to be treated as not being eligible shares for the purposes of this Schedule if the shares are issued, nor any money raised by the issue employed, in consequence or anticipation of, or otherwise in connection with, disqualifying arrangements.
- (2) Arrangements are “disqualifying arrangements” if—
- (a) the main purpose, or one of the main purposes, of the arrangements is to secure—
- (i) that a qualifying business activity is or will be carried on by the company or a qualifying 90% subsidiary of the company, and
- (ii) that one or more persons (whether or not including any party to the arrangements) may obtain relevant tax relief in respect of shares issued by the company which raise money for the purposes of that activity or that such shares may comprise part of the qualifying holdings of a venture capital trust,
- (aa) that activity is the relevant qualifying business activity, and
- (b) one or both of conditions A and B are met.
- (3) Condition A is that, as a (direct or indirect) result of the money raised by the issue of the shares being employed as required by paragraph 1(2)(g), an amount representing the whole or the majority of the amount raised is, in the course of the arrangements, paid to or for the benefit of a relevant person or relevant persons.
- (4) Condition B is that, in the absence of the arrangements, it would have been reasonable to expect that the whole or greater part of the component activities of the relevant qualifying business activity would have been carried on as part of another business by a relevant person or relevant persons.
- (5) For the purposes of this paragraph, it is immaterial whether the company is a party to the arrangements.
- (6) In this paragraph—
- “*component activities*” means—if the relevant qualifying business activity is activity A (see section 179(2) of ITA 2007), the carrying on of a qualifying trade, or preparing to carry on such a trade, which constitutes that activity, andif the relevant qualifying business activity is activity B (see section 179(4) of that Act), the carrying on of research and development which constitutes that activity;
- “*qualifying holdings*”, in relation to the issuing company, is to be construed in accordance with section 286 of ITA 2007 (VCTs: qualifying holdings);
- “*qualifying 90% subsidiary*” has the meaning given by section 190 of ITA 2007;
- “*relevant person*” means a person who is a party to the arrangements or a person connected with such a party;
- “*relevant qualifying business activity*” means the activity for the purposes of which the issue of the shares raised money;
- “relevant tax relief”, in respect of shares, means one or more of the following—relief under this Schedule in consequence of which deferral relief is attributable to the shares;relief under section 150A or 150E (enterprise investment scheme or seed enterprise investment scheme) in respect of the shares;relief under Schedule 5BB (seed enterprise investment scheme: re-investment) in consequence of which SEIS re-investment relief is attributable to the shares (see paragraph 4 of that Schedule);relief under Chapter 6 of Part 4 of ITA 2007 (losses on disposal of shares) in respect of the shares; EIS relief (within the meaning of Part 5 of that Act) in respect of the shares;SEIS relief (within the meaning of Part 5A of that Act) in respect of the shares.
## SCHEDULE 5BB
### SEIS re-investment relief
##### 1
- (1) Sub-paragraph (5) applies where conditions A to C are met in relation to an individual (“the investor”).
- (2) Condition A is that—
- (a) there would (ignoring sub-paragraphs (5) and (6)) be a chargeable gain (“the original gain”) accruing to the investor at any time in the tax year 2012-13 or any subsequent tax year (the year in question being referred to in this Schedule as “*the relevant year*”), and
- (b) the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal time”) in the relevant year.
- (3) Condition B is that—
- (a) the investor is eligible for SEIS relief for the relevant year in respect of an amount subscribed for an issue of shares in a company made to the investor in that year,
- (b) the investor makes a claim for and obtains SEIS relief for that year in respect of all or some of those shares (“the relevant SEIS shares”), and
- (c) if the relevant SEIS shares, or any corresponding bonus shares in relation to those shares, were issued before the disposal time, they are still held by the investor at the disposal time.
- (4) Condition C is that—
- (a) the investor has made a claim under this paragraph for relief in relation to the original gain, and
- (b) the claim is in respect of the amount on which SEIS relief is claimed by the investor in respect of the relevant SEIS shares (“the SEIS expenditure”) or part of that amount.
- (5) The relevant percentage of the available SEIS expenditure is to be set against a corresponding amount of the original gain.
- (5A) In sub-paragraph (5)—
- “*the available SEIS expenditure*” means so much of the SEIS expenditure as—is specified in the claim,is unused, anddoes not exceed so much of the original gain as is unmatched;
- “*the relevant percentage*” means—if the relevant year is the tax year 2012-13, 100%, andif the relevant year is any subsequent tax year, 50%.
- (6) Where an amount of the SEIS expenditure is set against the whole or part of the original gain under sub-paragraph (5), so much of that gain as is equal to that amount is to be treated as not being a chargeable gain.
- (7) For the purposes of this paragraph—
- (a) the SEIS expenditure is unused to the extent that it has not already been set under sub-paragraph (5) or paragraph 2(1) of Schedule 5B against the whole or any part of a chargeable gain, and
- (b) the original gain is unmatched, in relation to the SEIS expenditure, to the extent that it has not had any other expenditure set against it under sub-paragraph (5) or paragraph 2(1) of Schedule 5B.
### Restrictions on relief under paragraph 1
##### 2
- (1) Sub-paragraph (2) applies if the investor's tax reduction under section 257AB of ITA 2007 for the relevant year is limited by subsection (2)(b) of that section (calculation of tax reduction where claim made for amounts subscribed for shares which exceed £100,000).
- (2) Paragraph 1(5) to (7) has effect as if references to the SEIS expenditure were references to so much of that expenditure as is given by the formula—
$$SA TSA × £ 100,000$where— SA means the SEIS expenditure (ignoring this paragraph);TSA means the total of the amounts subscribed for shares issued in the relevant year in respect of which the investor is eligible for and claims SEIS relief for that year.$
- (3) Sub-paragraph (4) applies if the amount of SEIS relief attributable to any of the relevant SEIS shares has been reduced under Chapter 6 of Part 5A of ITA 2007 before the SEIS relief was obtained (otherwise than by virtue of corresponding bonus shares being issued in respect of those shares).
- (4) Paragraph 1(5) to (7) has effect as if the SEIS expenditure were the amount found by multiplying that expenditure by the fraction—
$$R 1 R 2$where—“*R1*” means the amount of SEIS relief attributable to the relevant SEIS shares when the relief is obtained;“*R2*” means the amount of SEIS relief which would have been so attributable in the absence of the reduction.$
- (5) In a case where sub-paragraphs (2) and (4) both apply, sub-paragraph (2) is to be applied before sub-paragraph (4).
### Claims
##### 3
- (1) Section 257EA of ITA 2007 (time for making claims for SEIS relief) applies in relation to a claim made by the investor for the purposes of paragraph 1 in relation to the SEIS expenditure as it applies in relation to a claim for SEIS relief in respect of that expenditure.
- (2) Nothing in paragraph 1(3) prevents a claim being made by the investor under paragraph 1 before SEIS relief has actually been obtained by the investor in relation to the SEIS relief.
### Attribution of SEIS re-investment relief to relevant SEIS shares
##### 4
- (1) References in this Schedule to the SEIS re-investment relief attributable to any shares are to be read as references to the total amount attributed to those shares in accordance with this paragraph.
- (2) Sub-paragraph (3) applies where the whole or part of the SEIS expenditure is set off against a chargeable gain under paragraph 1(5).
- (3) A proportionate part of the expenditure which is so set off is attributed to each of the relevant SEIS shares.
- (4) Sub-paragraph (5) applies if corresponding bonus shares are issued in respect of all or some of the relevant SEIS shares (“the original shares”) to which relief is attributed under this paragraph.
- (5) A proportionate part of the total amount attributed to the original shares immediately before those bonus shares are issued is attributed to each of the shares in the holding comprising the original shares and those bonus shares.
### Removal or reduction of the relief
##### 5
- (1) This paragraph applies where in respect of shares issued to an individual—
- (a) SEIS relief is attributable to the shares,
- (b) SEIS re-investment relief is also attributable to the shares, and
- (c) the SEIS relief which is attributable to the shares is withdrawn or reduced under Chapters 6 and 7 of Part 5A of ITA 2007.
- (2) A chargeable gain accrues to the individual in the tax year in which the shares were issued on a disposal made in that tax year.
- (3) The amount of that gain is—
- (a) in a case where the SEIS relief is withdrawn, the amount of SEIS re-investment relief which is attributable to the shares immediately before the withdrawal, and
- (b) in a case where the SEIS relief is reduced, the appropriate fraction of that amount.
- (4) In a case where the SEIS re-investment relief is withdrawn, the SEIS re-investment relief ceases to be attributable to the shares.
- (5) In a case where the SEIS relief is reduced, the appropriate fraction of the SEIS re-investment relief ceases to be attributable to the shares.
- (6) “The appropriate fraction” is—
$$R 1 − R 2 R 1$where—“R1” is the total amount of the SEIS relief attributable to those shares immediately before the reduction, and“R2” is the total amount of the SEIS relief attributable to those shares immediately after the reduction.$
### Transfers of shares to spouses and civil partners
##### 6
- (1) This paragraph applies if—
- (a) shares to which an amount of SEIS relief is attributable were issued to an individual (“A”),
- (b) A transferred the shares to another individual (“B”) during their lives,
- (c) A was married to, or was the civil partner of, B at the time of the transfer, and
- (d) subsection (4) of section 257FA of ITA 2007 (provision about disposals of shares disapplied where disposal between spouses or civil partners) prevented that section applying to the transfer.
- (2) Any chargeable gain which accrues by virtue of paragraph 5(2), as a result of SEIS relief attributable to the shares being withdrawn or reduced after the shares are transferred, is to accrue to B (instead of to A).
### Adjustment of capital gains tax liability
##### 7
- (1) All such adjustments of capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of relief being obtained, or a gain accruing, under this Schedule.
- (2) In its application to an assessment made by virtue of this paragraph, section 86 of TMA 1970 (interest on overdue capital gains tax) has effect as if the relevant date were 31 January next following the tax year in which the assessment is made.
### Interpretation etc
##### 8
- (1) In this Schedule—
- “*bonus shares*” means shares which are issued otherwise than for payment (whether in cash or otherwise);
- “*corresponding bonus shares*”, in relation to any shares (“the original shares”), means bonus shares which are in the same company, of the same class, and carry the same rights as the original shares;
- “*SEIS relief*” has the same meaning as in Part 5A of ITA 2007.
- (2) In this Schedule, references (however expressed) to an issue of shares in any company to an individual are to such of the shares in the company as are of the same class and are issued to the individual in one capacity and on the same day.
This is subject to sub-paragraph (3).
- (3) If section 257AB(1) and (2) of ITA 2007 applies, in the case of any issue of shares made to an individual, as if part of the issue had been issued in a previous tax year, this Schedule has effect as if that part and the remainder were separate issues of shares (and that part had been issued on a day in the previous tax year).
- (4) Part 5A of ITA 2007 applies, for the purposes of this Schedule, to determine whether SEIS relief is attributable to any shares and, if so, the amount of relief so attributable.
##### 103D
- (1) This section applies in relation to an authorised contractual scheme which is a co-ownership scheme and is not a relevant offshore fund.
- (2) Subject to what follows, a participant’s interests in the property subject to the scheme are to be disregarded for the purposes of this Act.
- (3) A unit in the scheme is to be treated as an asset for the purposes of this Act.
- (4) Section 99B applies for the purpose of computing the gain accruing on the disposal by a participant of such a unit (but for no other purpose) as if—
- (a) the scheme were a unit trust scheme,
- (b) the unit were a unit in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (5) For the purposes of this Act—
- “authorised contractual scheme” has the meaning given by section 237(3) of the Financial Services and Markets Act 2000;
- “co-ownership scheme” has the meaning given by section 235A of the Financial Services and Markets Act 2000.
- (6) In subsection (1), “relevant offshore fund” has the same meaning as in section 103A.
### Chapter 4 — Collective investment schemes: exchanges, mergers and schemes of reconstruction
##### 103E
- (1) In this Chapter (except this section) references to a collective investment scheme are to a collective investment scheme falling within any of the following paragraphs—
- (a) an authorised contractual scheme which is a co-ownership scheme,
- (b) a unit trust scheme, or
- (c) an offshore fund.
- (2) Sections 126 to 138A (reorganisation of share capital, conversion of securities etc) do not apply for the purposes of the treatment of participants in collective investment schemes falling within subsection (1)(a) to (c) except as applied by this Chapter.
- (3) But sections 135 to 138A (company reconstructions) may apply for those purposes where either company A or company B is not a collective investment scheme falling within subsection (1)(a) to (c).
- (4) In subsection (3), “company A” and “company B” have the meaning given by section 135 or 136 as the case may be.
- (5) In this Chapter, “units” includes shares in a company.
##### 103F
- (1) This section applies in the following cases.
- *Case 1*Where—a participant in a collective investment scheme exchanges units in the scheme for other units in the scheme (“new units”) of substantially the same value, andthe property subject to the scheme and the rights of participants to share in the capital and income in relation to that property are the same immediately before and immediately after the event (ignoring any changes as a result of a variation in management charges).
- *Case 2*Where there is a reorganisation of the units in a collective investment scheme in which all the participants holding units in the scheme or, where there are different classes of unit in the scheme, all the participants holding units in the same class, exchange all their units for other units (“new units”) in the scheme.
- (2) Where this section applies—
- (a) sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if the collective investment scheme were a company and the event mentioned in subsection (1) were a reorganisation of its share capital, and
- (b) any distribution in relation to any new units is to be treated for the purposes of capital gains tax, corporation tax or income tax on the basis set out in section 127 (as adapted).
- (3) In subsection (1), “management charges” mean the costs charged to the property subject to the scheme in respect of remunerating the parties operating the scheme, administrating the scheme or investing or safeguarding the property subject to the scheme.
##### 103G
- (1) This section applies in the following cases where units in a collective investment scheme (“collective investment scheme B”) are issued to a person in exchange for units in another collective investment scheme (“collective investment scheme A”).
- (2) The cases are—
- *Case 1*Where units in collective investment scheme B are issued in exchange for units as the result of a general offer—made to participants in collective investment scheme A or any class of them, andmade in the first instance on a condition such that if it were satisfied the property subject to collective investment scheme B would include units in collective investment scheme A giving rights to more than 50% of the capital, and more than 50% of the income, of collective investment scheme A.
- *Case 2*Where—under an arrangement, participants in collective investment scheme A exchange units in that scheme for units of substantially the same value in collective investment scheme B, andin consequence of the exchanges under the arrangement, 85% or more of the property subject to collective investment scheme B is constituted by units in collective investment scheme A.
- (3) Where this section applies, sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if collective investment scheme A and collective investment scheme B were the same company and the exchange were a reorganisation of its share capital.
- (4) This section has effect subject to section 103K(1) (exchange must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103H
- (1) This section applies where—
- (a) for the purposes of, or in connection with, a scheme of reconstruction an arrangement is entered into by all the participants holding units in an original collective investment scheme (“scheme A”), or where there are different classes of units in the scheme, all the participants holding any class of those units, and
- (b) under the arrangement—
- (i) units in a successor collective investment scheme or feeder fund (“scheme B”) are issued to those participants in respect of and in proportion to (or as nearly as may be in proportion to) their relevant holdings in scheme A, and
- (ii) the units in scheme A comprised in relevant holdings are retained by those participants or are cancelled or otherwise extinguished.
- (2) Where this section applies—
- (a) those participants are treated as exchanging their relevant holdings in scheme A for the units held by them in consequence of the arrangement, and
- (b) sections 127 to 131 (share reorganisations etc) apply with the necessary adaptations as if scheme A and scheme B were the same company and the exchange were a reorganisation of its share capital.
For this purpose units in scheme A comprised in relevant holdings that are retained are treated as if they had been cancelled and replaced by a new issue.
- (3) Where a reorganisation within case 2 of section 103F(1) of the units in scheme A is carried out for the purposes of the scheme of reconstruction, the provisions of subsections (1) and (2) apply in relation to the position after the reorganisation.
- (4) In this section, references to “relevant holdings” of units are—
- (a) where there is only one class of units in scheme A, to holdings of units in the scheme, and
- (b) where there are different classes of units in scheme A, to holdings of a class of units that is involved in the scheme of reconstruction (within the meaning of paragraph 3 of Schedule 5AZA).
- (5) This section has effect subject to section 103K(1) (scheme of reconstruction must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103I
- (1) This section applies where—
- (a) a scheme of reconstruction is entered into and given effect to, and
- (b) for the purposes of, or in connection with, the scheme of reconstruction, units in a collective investment scheme (“the conversion scheme”) are issued to participants in another collective investment scheme (“scheme C”) in exchange for and in proportion to (or as nearly as may be in proportion to) their conversion holdings in accordance with regulation 12(1)(b) of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 ([S.I. 2011/1613](https://www.legislation.gov.uk/uksi/2011/1613)).
- (2) Where this section applies sections 127 to 131 apply with the necessary adaptations as if scheme C and the conversion scheme were the same company and the exchange were a reorganisation of its share capital.
- (3) In this section “conversion holdings” means the units in scheme C to be converted in accordance with regulation 12(1)(b) of the Undertakings for Collective Investment in Transferable Securities Regulations 2011 into units in the conversion scheme for the purposes of, or in connection with, the scheme of reconstruction.
- (4) This section has effect subject to section 103K(1) (scheme of reconstruction must be for bona fide commercial reasons and not part of tax avoidance scheme).
##### 103J
In sections 103H and 103I—
- (a) “feeder fund” has the meaning given by paragraph 3(2) of Schedule 5AZA to this Act;
- (b) “scheme of reconstruction” has the meaning given by paragraph 1 of Schedule 5AZA;
- (c) “original collective investment scheme” and “successor collective investment scheme” must be construed in accordance with paragraph 2(2) of Schedule 5AZA; and
- (d) references to units being retained include their being retained with altered rights or in an altered form, whether as the result of reduction, consolidation, division or otherwise .
##### 103K
- (1) Subject to subsection (2) below, and section 138, section 103G, 103H or 103I shall not apply to any issue of units in a collective investment scheme in exchange for or in respect of units in another scheme unless the exchange or scheme of reconstruction in question is effected for bona fide commercial reasons and does not form part of a scheme or arrangements of which the main purpose, or one of the main purposes, is avoidance of liability to capital gains tax, corporation tax or income tax.
- (2) Subsection (1) above shall not affect the operation of section 103G, 103H or 103I in any case where the participant to whom the units are issued does not hold more than 5 per cent of, or of any class of, the units in the second scheme mentioned in subsection (1) above.
- (3) For the purposes of subsection (2) above units held by participants connected with the participant there mentioned shall be treated as held by that participant.
- (4) If any tax assessed on a participant (“the chargeable participant”) by virtue of subsection (1) above is not paid within 6 months from the date determined under subsection (5) below, any other participant who—
- (a) holds all or any part of the units that were issued to the chargeable participant, and
- (b) has acquired them without there having been, since their acquisition by the chargeable participant, any disposal of them not falling within section 58(1) or 171,
may, at any time within 2 years from that date, be assessed and charged (in the name of the chargeable participant) to all or, as the case may be, a corresponding part of the unpaid tax; and a participant paying any amount of tax under this subsection shall be entitled to recover from the chargeable participant a sum equal to that amount together with any interest paid by him under section 87A of the Management Act on that amount.
- (5) The date referred to in subsection (4) above is whichever is the later of—
- (a) the date when the tax becomes due and payable by the chargeable participant; and
- (b) the date when the assessment was made on the chargeable participant.
- (6) Section 138 (procedure for clearance in advance) applies to this section as it applies to section 137 (with any necessary modifications).
##### 211B
- (1) Subsection (2) applies if—
- (a) an asset of an insurance company is made subject to a collective investment scheme which is—
- (i) an authorised contractual scheme which is a co-ownership scheme, or
- (ii) a relevant offshore fund,
- (b) that is wholly in exchange for the company being issued with units in the scheme, and
- (c) the condition in subsection (3) is met.
- (2) For the purposes of corporation tax on chargeable gains, the company is to be treated—
- (a) as having disposed of the asset mentioned in subsection (1)(a) for a consideration of such amount as would secure that on the disposal neither a gain nor a loss would accrue to the company, and
- (b) as having acquired the units mentioned in subsection (1)(b) for a consideration of the same amount.
- (3) The condition is that—
- (a) immediately before the asset mentioned in subsection (1)(a) is made subject to the scheme, the asset was an asset held by the company for the purposes of its long-term business within one of the long-term business categories, and
- (b) immediately after the asset is made subject to the scheme, the units mentioned in subsection (1)(b) are assets held by the company for the purposes of its long-term business within the same category.
- (4) For the purposes of subsection (3), a “long-term business category” is—
- (a) if the company is a UK life insurance company, a long-term business category set out in section 116(2) of the Finance Act 2012 (subject to section 116(3)), or
- (b) if the company is an overseas life insurance company, a UK long-term business category set out in section 117(2) of that Act (subject to section 117(3)).
- (5) In subsection (1), “relevant offshore fund” has the same meaning as in section 103A (application of Act to certain offshore funds).
- (6) In this section, in relation to a relevant offshore fund, “units” means rights in the fund which are treated as shares under section 103A.
## SCHEDULE 5AZA
### Introductory
##### 1
In sections 103H and 103I, “scheme of reconstruction” means a scheme within paragraph 2 which meets the conditions in paragraphs 3 and 4.
### Form of scheme
##### 2
- (1) A scheme (“the relevant scheme”) is within this paragraph if under the relevant scheme some or all of the property subject to one or more collective investment schemes becomes subject to one or more other collective investment schemes.
- (2) In this Schedule “original collective investment scheme” means a collective investment scheme property subject to which becomes subject to another collective investment scheme; and “successor collective investment scheme” is to be read accordingly.
### First condition: issue of units
##### 3
- (1) The first condition is that the relevant scheme involves the issue of units in a successor collective investment scheme or schemes or a feeder fund—
- (a) where there is one original collective investment scheme, to holders of units in that scheme or, if there are different classes of units in that scheme, to holders of one or more classes of units in that scheme (the classes “involved in the scheme of reconstruction”), or
- (b) where there is more than one original collective investment scheme, to holders of units in any of those schemes or, if there are different classes of units in one or more of those schemes, to holders of units in any of those schemes or of one or more classes of units in any of those schemes (the classes “involved in the scheme of reconstruction”),
and does not involve the issue of units in any successor collective investment scheme or feeder fund to anyone else.
- (2) In this Schedule, “feeder fund” means a collective investment scheme, 85% or more of the property subject to which is constituted by units in a successor collective investment scheme or schemes.
### Second condition: equal entitlement to new units
##### 4
- (1) The second condition is that under the relevant scheme the entitlement of any participant to acquire units in a successor collective investment scheme or schemes or a feeder fund by virtue of holding relevant units, or relevant units of any class, is the same as that of any other participant holding such units or units of that class.
- (2) For this purpose “relevant units” means units comprised—
- (a) where there is one original collective investment scheme, in the units of that scheme or, as the case may be, in the units of that scheme of a class involved in the scheme of reconstruction;
- (b) where there is more than one original collective investment scheme, in the units of any of those schemes or, as the case may be, in the units of any of those schemes of a class involved in the scheme of reconstruction.
### Preliminary reorganisation of units to be disregarded
##### 5
Where a reorganisation of the units in an original collective investment scheme or schemes within case 2 of section 103F(1) is carried out for the purposes of the relevant scheme, the provisions of the first and second conditions apply in relation to the position after the reorganisation.
### Subsequent issue of units to be disregarded
##### 6
An issue of units in any successor collective investment scheme or schemes or feeder fund after the latest date on which any units in any successor collective investment scheme or schemes or feeder fund are issued in consideration of property becoming subject to any successor collective investment scheme or schemes under the relevant scheme shall be disregarded for the purposes of the first and second conditions.
##### 2B
- (1) A person (other than an excluded person) (“P”) is chargeable to capital gains tax in respect of any ATED-related chargeable gain accruing to P in a tax year on a relevant high value disposal.
- (2) A person is “excluded” if the person is an individual, the trustees of a settlement or the personal representatives of a deceased person and—
- (a) the gain accrues on a disposal of any partnership assets and the person is a member of the partnership, or
- (b) the gain accrues on a disposal of any property held for the purposes of a relevant collective investment scheme and the person is a participant in relation to the scheme.
- (3) Capital gains tax is charged on the total amount of ATED-related chargeable gains accruing to P in the tax year on relevant high value disposals, after deducting ring-fenced ATED-related allowable losses in relation to that year.
- (4) Subsections (5) to (7) apply in relation to an ATED-related allowable loss accruing to P in a tax year on a relevant high value disposal.
- (5) The loss is not allowable as a deduction from ATED-related chargeable gains accruing in any earlier tax year on relevant high value disposals.
- (6) Relief is not to be given under this Act more than once in respect of the loss or any part of the loss.
- (7) Relief is not to be given under this Act in respect of the loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
- (8) The only deductions which can be made from ATED-related chargeable gains are those permitted by this section.
- (9) See section 57A and Schedule 4ZZA for how to compute—
- (a) the ATED-related gain or loss accruing on a relevant high value disposal, and
- (b) the gain or loss accruing on a relevant high value disposal which is not ATED-related.
- (10) In this section—
- “*participant*”, in relation to a relevant collective investment scheme, is to be read in accordance with section 235 of the Financial Services and Markets Act 2000;
- “*relevant collective investment scheme*” means a collective investment scheme within the meaning of Part 17 of that Act (see section 235 of that Act) other than—a unit trust scheme within the meaning of that Part (see section 237(1) of that Act), oran open-ended investment company within the meaning of that Part (see section 236(1) of that Act);
- “*ring-fenced ATED-related allowable losses*”, in relation to a tax year, means—any ATED-related allowable losses accruing to P in the tax year on relevant high value disposals, andso far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any ATED-related allowable losses accruing to P in any previous tax year (not earlier than the tax year 2013-14) on such disposals.
##### 2C
- (1) A disposal on which a gain or loss accrues to P is a “relevant high value disposal” if conditions A to D are met.
- (2) Condition A is that the disposal is of the whole or part of a chargeable interest (“the disposed of interest”).
- (3) Condition B is that the disposed of interest has, at any time during the relevant ownership period, been or formed part of a single-dwelling interest.
- (4) Condition C is that—
- (a) P, or
- (b) if the disposed of interest is a partnership asset, the responsible partners, or
- (c) if the disposed of interest is held for the purposes of a relevant collective investment scheme, the person who has day-to-day control over the management of the property subject to the scheme,
has or have been within the charge to annual tax on enveloped dwellings with respect to that single-dwelling interest on one or more days in the relevant ownership period which are not relievable days in relation to the interest.
- (5) Condition D is that the amount or value of the consideration for the disposal exceeds the threshold amount (see section 2D).
- (6) In this section and section 2D—
- “*chargeable interest*” has the same meaning as in Part 3 of the Finance Act 2013 (annual tax on enveloped dwellings) (see section 107 of that Act (chargeable interest));
- “*dwelling*” has the same meaning as in that Part (see section 112 of that Act);
- “*relevant collective investment scheme*” has the same meaning as in section 2B;
- “*the relevant ownership period*” means the period which begins—if an election has been made under paragraph 5 of Schedule 4ZZA, with the day on which P acquired the chargeable interest or, if later, 31 March 1982, andin any other case, with the day on which P acquired the chargeable interest or, if later, 6 April in the relevant year,and ends with the day before the day on which the disposal occurs;
- “*the relevant year*” means—in Case 1 in paragraph 2 of Schedule 4ZZA, 2013;in Case 2 in that paragraph, 2015;in Case 3 in that paragraph, 2016;
- “*relievable day*” means a day which is “relievable” by virtue of any of the provisions mentioned in section 132 of the Finance Act 2013 (ATED: effect of reliefs) and in respect of which a claim has been made under section 106(3) of that Act;
- “*the responsible partners*” has the same meaning as in section 96 of that Act;
- “*single-dwelling interest*” has the same meaning as in Part 3 of that Act;
and a reference to being “within the charge” to annual tax on enveloped dwellings with respect to a single-dwelling interest is to be read in accordance with section 170(2) of that Act.
- (7) For the purposes of Condition C—
- (a) Part 3 of the Finance Act 2013 applies, in relation to any part of the relevant ownership period falling before 1 April 2013, as if section 94(8)(a) of that Act (first chargeable period for ATED) read “the period beginning with 31 March 1982 and ending with 31 March 1983”, and
- (b) when determining whether any day falling before 1 April in the relevant year is a relievable day, the definition of “relievable day” in subsection (6) above is to read as if the words “and in respect of which a claim has been made under section 106(3) of that Act” were omitted.
##### 2D
- (1) This section applies to determine “*the threshold amount*” in relation to a disposal which meets Conditions A to C in section 2C (“the current disposal”).
- (2) If—
- (a) the current disposal is not a part disposal of an asset, and
- (b) P has not made any relevant related disposals,
the threshold amount is £1 million, subject to subsection (5) (joint interests).
- (3) If paragraphs (a) and (b) of subsection (2) do not both apply, the threshold amount is the relevant fraction of £1 million, subject to subsection (5) (joint interests).
- (4) “The relevant fraction” is—
$$C TMV$where—“C” is the amount or value of the consideration for the current disposal;“TMV” is what would be the market value, at the time of the current disposal, of a notional asset comprising—the disposed of interest (see section 2C(2)),if the current disposal is a part disposal, any part of the chargeable interest held by P that remains undisposed of immediately following that part disposal,any chargeable interest (or part of a chargeable interest) which was the subject of a relevant related disposal, andany chargeable interest (or part of a chargeable interest) held by P at the time of the current disposal which, if P had disposed of it at that time, would have been the subject of a relevant related disposal.$
- (5) If the disposed of interest is a share of the whole of—
- (a) a chargeable interest, or
- (b) a part of a chargeable interest,
subsections (2) and (3) have effect as if the references to “£1 million” were to the joint share fraction of that amount.
- (6) The joint share fraction is the fraction of the whole of the chargeable interest or part represented by the disposed of interest.
- (7) “*Relevant related disposal*”, in relation to the current disposal, means any disposal by P which—
- (a) meets Conditions A to C in section 2C in circumstances where the single-dwelling interest referred to in Condition C is—
- (i) the single-dwelling interest by virtue of which Condition C is met in relation to the current disposal, or
- (ii) another single-dwelling interest in the same dwelling as that interest, and
- (b) was made in the period of 6 years ending with the day on which the current disposal occurs, but not before 6 April 2013.
##### 2E
- (1) This section applies where (ignoring this section)—
- (a) a disposal would be a relevant high value disposal, but for a failure to meet condition D in section 2C,
- (b) if it were a relevant high value disposal, an ATED-related loss would accrue to a person (other than an excluded person) in a tax year on the disposal, and
- (c) the total of the sums allowable as a deduction under section 38 in relation to the disposal exceeds the threshold amount in relation to the disposal.
- (2) For the purposes of this Act—
- (a) the disposal is to be treated as a relevant high value disposal (and section 57A and Schedule 4ZZA apply accordingly), and
- (b) the ATED-related loss which accrues on the disposal is to be restricted to the amount which would have been that loss had the consideration for the disposal been £1 greater than the threshold amount in relation to the disposal.
- (3) In a case where paragraph 2 of Schedule 4ZZA applies (calculation of gains or losses on disposals of assets held on 5 April 2013 etc), the reference in subsection (1)(c) to the disposal is to be read as a reference to the notional disposal referred to in paragraph 3(2) of that Schedule (disposal on which notional post-commencement gain or loss accrues).
- (4) Nothing in subsection (2)(b) restricts any loss which is not ATED-related, or affects any gain (whether or not ATED-related), accruing on the relevant high value disposal.
- (5) In this section—
- “*excluded*” has the meaning given by section 2B(2);
- “*the threshold amount*” has the meaning given by section 2D.
##### 2F
- (1) This section applies to an ATED-related gain which accrues on a relevant high value disposal and is chargeable to capital gains tax by virtue of section 2B.
- (2) There is excluded from the gain so much of it as exceeds five-thirds of the difference between—
- (a) the amount or value of the consideration, and
- (b) the threshold amount (within the meaning of section 2D) in relation to the disposal.
- (3) But where the relevant fraction is less than 1, subsection (2) has effect as if the amount determined under that subsection were the relevant fraction of that amount.
- (4) “The relevant fraction”—
- (a) in a case where the ATED-related gain is determined in accordance with paragraph 3 of Schedule 4ZZA, has the meaning given by paragraph 3(4) of that Schedule, and
- (b) in a case where the ATED-related gain is determined in accordance with paragraph 6 of that Schedule, has the same meaning as in paragraph 6(5)(a) of that Schedule.
- (5) Nothing in this section restricts any gain which is not ATED-related, or affects any loss (whether or not ATED-related), accruing on the relevant high value disposal.
##### 10AA
- (1) Section 10A(2) does not apply to a gain or loss accruing on the disposal by the taxpayer of an asset if—
- (a) the asset was acquired by the taxpayer in the temporary period of non-residence,
- (b) it was so acquired otherwise than by means of a relevant disposal that by virtue of section 58, 73 or 258(4) is treated as having been a disposal on which neither a gain nor a loss accrued,
- (c) the asset is not an interest created by or arising under a settlement, and
- (d) the amount or value of the consideration for the acquisition of the asset by the taxpayer does not fall, by reference to any relevant disposal, to be treated as reduced under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b).
- (2) “*Relevant disposal*” means a disposal of an asset acquired by the person making the disposal at a time when that person was resident in the United Kingdom and was not Treaty non-resident.
- (3) Subsection (1) does not apply if—
- (a) the gain is one that (ignoring section 10A) would fall to be treated by virtue of section 116(10) or (11), 134 or 154(2) or (4) as accruing on the disposal of the whole or part of another asset, and
- (b) that other asset meets the requirements of paragraphs (a) to (d) of subsection (1), but the asset in respect of which the gain actually accrued or would actually accrue does not.
- (4) Nothing in any double taxation relief arrangements is to be read as preventing the taxpayer from being chargeable to capital gains tax in respect of any chargeable gains treated under section 10A as accruing to the taxpayer in the period of return (or as preventing a charge to that tax from arising as a result).
- (5) Nothing in any enactment imposing any limit on the time within which an assessment to capital gains tax may be made prevents any assessment for the year of departure from being made in the taxpayer's case at any time before the end of the second anniversary of the 31 January next following the year of return (as defined in section 10A).
##### 13A
- (1) For the purposes of section 13(5)(b) a disposal of an asset is to be regarded as a disposal of an asset used for the purposes of a trade carried on wholly outside the United Kingdom by a company if—
- (a) the asset is accommodation, or an interest or right in accommodation, which is situated outside the United Kingdom, and
- (b) the accommodation has for each relevant period been furnished holiday accommodation of which a person has made a commercial letting.
- (2) For the purposes of subsection (1)(b) each of the following is “a relevant period”—
- (a) the period of 12 months ending with the date of the disposal and each of the two preceding periods of 12 months, or
- (b) if the company has been the beneficial owner of the accommodation (or interest or right) for a period longer than 36 months, the period of 12 months ending with the date of the disposal and each of the preceding periods of 12 months throughout which the company has been the beneficial owner of the accommodation (or interest or right).
- (3) The reference in subsection (1)(b) to the commercial letting of furnished holiday accommodation is to be read in accordance with Chapter 6 of Part 4 of CTA 2009, but—
- (a) as if sections 266, 268 and 268A were omitted, and
- (b) as if, in section 267(1), the reference to an accounting period were a reference to a relevant period as defined by subsection (2) above.
- (4) For the purposes of section 13(5)(ca) activities carried on by a company are “economically significant activities” if they are activities which consist of the provision by the company of goods or services to others on a commercial basis and involve—
- (a) the use of staff in numbers, and with competence and authority,
- (b) the use of premises and equipment, and
- (c) the addition of economic value, by the company, to those to whom the goods or services are provided,
commensurate with the size and nature of those activities.
- (5) In subsection (4) “*staff*” means employees, agents or contractors of the company.
### Cash basis accounting
##### 47A
- (1) No chargeable gain shall accrue on the disposal of, or of an interest in, an asset if conditions A to D are met in relation to the asset.
- (2) Condition A is that the asset is—
- (a) tangible movable property, and
- (b) a wasting asset.
- (3) Condition B is that, at any time during the period of ownership of the person making the disposal, the asset has been used for the purposes of a trade, profession or vocation carried on by the person.
- (4) Condition C is that an election under section 25A of ITTOIA 2005 (cash basis for small businesses) has effect in relation to the trade, profession or vocation at the time of the disposal.
- (5) Condition D is that—
- (a) any expenditure attributable to the asset or interest under paragraph (a) or (b) of section 38(1) has been brought into account in calculating the profits of the trade, profession or vocation on the cash basis, or
- (b) any of that expenditure would have been so brought into account if an election under section 25A of ITTOIA 2005 had had effect in relation to the trade, profession or vocation at the time the expenditure was paid.
- (6) Subsection (7) applies in the case of the disposal of, or of an interest in, an asset which, in the period of ownership of the person making the disposal—
- (a) has been used partly for the purposes of the trade, profession or vocation and partly for other purposes, or
- (b) has been used for the purposes of the trade, profession or vocation for part of that period.
- (7) In such a case—
- (a) the consideration for the disposal, and any expenditure attributable to the asset or interest by virtue of section 38(1)(a) and (b), shall be apportioned by reference to the extent to which that expenditure was, or (as the case may be) would have been, brought into account as mentioned in subsection (5) above,
- (b) the computation of the gain shall be made separately in relation to the apportioned parts of the expenditure and consideration, and
- (c) subsection (1) above shall apply to any gain accruing by reference to the computation in relation to the part of the consideration apportioned to use for the purposes of the trade, profession or vocation.
##### 47B
- (1) This section applies where—
- (a) a person disposes of, or of an interest in, an asset that has been used for the purposes of a trade, profession or vocation carried on by the person, and
- (b) conditions A and B are met in relation to the trade, profession or vocation.
- (2) Condition A is that—
- (a) any expenditure attributable to the asset or interest under paragraph (a) or (b) of section 38(1) was incurred at a time when an election under section 25A of ITTOIA 2005 (cash basis for small businesses) had effect in relation to the trade, profession or vocation, and
- (b) that expenditure (“the relevant expenditure”) has been brought into account in calculating the profits of the trade, profession or vocation on the cash basis.
- (3) Condition B is that no such election has effect in relation to the trade, profession or vocation at the time of the disposal.
- (4) Section 39 (exclusion of expenditure by reference to tax on income) does not apply in relation to the relevant expenditure.
- (5) Section 41 (restriction of losses by reference to capital allowances and renewals allowances) has effect as if—
- (a) the election mentioned in subsection (2)(a) above had not had effect at the time the relevant expenditure was incurred, and
- (b) the reference in subsection (7) to qualifying expenditure included a reference to expenditure which, if that election had not had effect at that time, would have been qualifying expenditure.
- (6) Section 45 (exemption for certain wasting assets) and section 47 (wasting assets qualifying for capital allowances) have effect as if the election mentioned in subsection (2)(a) above had not had effect at the time the relevant expenditure was incurred.
Accordingly, any reference in those sections to expenditure qualifying for capital allowances is to be read as a reference to expenditure that would, in the absence of the election, have qualified for such allowances.
### Chapter 5 — Computation of gains and losses: relevant high value disposals
##### 57A
- (1) Schedule 4ZZA makes provision about the computation of gains and losses on relevant high value disposals, including provision about whether a gain or loss is ATED-related or not.
- (2) But if the effect of Schedule 4ZZA applying in relation to a disposal would be that no ATED-related gain or loss accrues on the disposal, for the purposes of this Act the gain or loss on the disposal is to be computed ignoring that Schedule (and is not ATED-related).
- (3) Subsection (2) does not apply where Part 4 of Schedule 4ZZB applies (non-resident CGT disposals which are or involve relevant high value disposals).
##### 100A
- (1) ATED-related gains accruing on relevant high value disposals made by an EEA UCITS which is not an open-ended investment company or a unit trust scheme are not chargeable gains under section 2B.
- (2) In this section—
- “*EEA UCITS*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 237 of that Act);
- “unit trust scheme” has same meaning as in that Part (see section 237(1) of that Act);
- “*open-ended investment company*” has the same meaning as in that Part (see section 236(1) of that Act).
### Transfer of business from company to shareholders
##### 162B
- (1) This section applies where—
- (a) a company transfers its business to some or all of the shareholders of the company, and
- (b) a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013.
- (2) The disposal and acquisition of any qualifying asset of the business included in the transfer is to be deemed to be for a consideration equal to the lower of—
- (a) the sums allowable under section 38 as a deduction in the computation of the gain accruing to the company on the disposal of the asset in question, and
- (b) the market value of the asset.
- (3) In subsection (2) a “*qualifying asset*” means—
- (a) goodwill, or
- (b) an interest in land which is not held as trading stock.
- (4) But subsection (2) does not apply to the goodwill of the business if section 162C applies to it.
##### 162C
- (1) This section applies where—
- (a) a company transfers its business to some or all of the shareholders of the company,
- (b) a claim for disincorporation relief in respect of the transfer has been made under section 58 of the Finance Act 2013, and
- (c) section 849A of CTA 2009 (disincorporation relief: transfer values for post-FA 2002 goodwill) applies to the transfer of the goodwill of the business.
- (2) The acquisition of the goodwill of the business is deemed to be for a consideration equal to the value at which the goodwill is treated as transferred by virtue of section 849A of CTA 2009.
##### 187A
- (1) This section applies if—
- (a) (ignoring subsections (2) and (3)) a gain or loss would accrue to a company on a disposal of an asset deemed to have been made by virtue of section 185(2), and
- (b) that gain or loss is an ATED-related gain chargeable to, or an ATED-related loss allowable for the purposes of, capital gains tax under section 2B.
- (2) That gain or loss does not accrue to the company on that disposal.
- (3) But, on a subsequent disposal of the whole or part of the asset, the whole or a corresponding part of the gain or loss—
- (a) is deemed to accrue to the company (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an ATED-related gain or loss accruing on a relevant high value disposal.
- (4) Nothing in this section affects the treatment, for the purposes of this Act, of any gain or loss which is not ATED-related and accrues on the disposal of the asset deemed to have been made by virtue of section 185(2).
##### 263AA
- (1) Subsections (2) to (7) apply for the purposes of section 263A.
- (2) References to buying back securities include references to—
- (a) buying similar securities, and
- (b) in the case of a person connected with the person who is the original owner under the repo, buying the securities sold by the original owner or similar securities.
- (3) Subsection (2) applies even if the person buying the securities has not held them before.
- (4) References to repurchase or a repurchaser are to be read accordingly.
- (5) For the purposes of subsection (2) securities are similar if they give their holders—
- (a) the same rights against the same persons as to capital and distributions, interest and dividends, and
- (b) the same remedies to enforce those rights.
- (6) Subsection (5) applies even if there is a difference in—
- (a) the total nominal amounts of the securities,
- (b) the form in which they are held, or
- (c) the manner in which they can be transferred.
- (7) Agreements are related if they are entered into in pursuance of the same arrangement (regardless of the date on which either agreement is entered into).
- (8) In section 263A and this section “*securities*” means—
- (a) shares in a company wherever resident,
- (b) loan stock or other securities of—
- (i) the government of the United Kingdom,
- (ii) a local authority in the United Kingdom,
- (iii) another public authority in the United Kingdom,
- (iv) a company resident in the United Kingdom or other body resident in the United Kingdom, or
- (c) shares, loan stock, stock or other securities issued by—
- (i) a government, local authority or other public authority of a territory outside the United Kingdom, or
- (ii) another body of persons not resident in the United Kingdom.
#### Identification of exempt employee shareholder shares
#### Part disposal to authority with compulsory powers.
#### Gains and losses on investments in social enterprises
## SCHEDULE 4ZZA
### Introductory
##### 1
- (1) This Schedule applies for the purposes of determining in relation to a relevant high value disposal made by a person (“P”)—
- (a) whether a gain or loss which is ATED-related accrues to P on the disposal, and
- (b) whether a gain or loss which is not ATED-related accrues to P on the disposal.
- (2) See also Part 4 of Schedule 4ZZB, which—
- (a) makes provision about non-resident CGT disposals which are, or involve, relevant high value disposals, and
- (b) includes provision about the computation of gains or losses on such disposals which are neither NRCGT gains or losses (as defined in section 57B and Schedule 4ZZB) nor ATED-related.
### Assets held on 5 April 2013, 5 April 2015 or 5 April 2016: no paragraph 5 election
##### 2
- (1) In Cases 1 to 3 below—
- (a) paragraph 3 applies for the purposes of computing the gain or loss accruing to P which is ATED-related, and
- (b) paragraph 4 applies for the purposes of computing the gain or loss accruing to P which is not ATED-related.
See also the special rule in paragraph 6 (which takes precedence over paragraphs 3 and 4 where it applies).
- (2) Case 1 is that—
- (a) the interest disposed of was held by P on 5 April 2013, and
- (b) neither Case 2 nor Case 3 applies.
- (3) Case 2 is that—
- (a) the interest disposed of was held by P on 5 April 2015,
- (b) Case 3 does not apply, and
- (c) no relevant single dwelling interest was subject to ATED on one or more days in the period ending with 31 March 2015 during which P held the interest disposed of.
- (4) Case 3 is that—
- (a) the interest disposed of was held by P on 5 April 2016, and
- (b) no relevant single dwelling interest was subject to ATED on one or more days in the period ending with 31 March 2016 during which P held the interest disposed of.
- (5) For the purposes of this paragraph—
- (a) “*relevant single-dwelling interest*” means the single-dwelling interest by reference to which Condition B in section 2C is met in relation to the relevant high value disposal, or, if Condition B is met by reference to more than one such interest, each of them;
- (b) a relevant single dwelling interest is “subject to ATED” on a day if P—
- (i) was within the charge to annual tax on enveloped dwellings with respect to that interest on that day, or
- (ii) would have been within that charge but for the day being “relievable” by virtue of any of the provisions mentioned in section 132 of the Finance Act 2013 (ATED: effect of reliefs).
- (6) In paragraphs 3 and 4, “*the relevant year*” means—
- (a) in relation to Case 1, 2013;
- (b) in relation to Case 2, 2015;
- (c) in relation to Case 3, 2016.
##### 3
- (1) An amount equal to the relevant fraction of the notional post-commencement gain or loss is the ATED-related gain or loss (as the case may be).
- (2) “*Notional post-commencement gain or loss*” means the gain or loss which (in the absence of section 2B and this Schedule) would have accrued on the relevant high value disposal had P acquired the interest on 5 April in the relevant year for a consideration equal to its market value on that date.
- (3) For the purposes of sub-paragraph (2), the amount of the gain or loss accruing to P is to be computed (whether or not that would otherwise be the case) as if P were within the charge to capital gains tax (but not within the charge to corporation tax on chargeable gains).
- (4) “The relevant fraction” is—
$$CD TD$where—“CD” is the number of days in the relevant ownership period which are ATED chargeable days;“TD” is the total number of days in the relevant ownership period.$
- (5) “*The relevant ownership period*” means the period beginning with 6 April in the relevant year and ending with the day before the day on which the relevant high value disposal occurs.
- (6) “*ATED chargeable day*” means any day by virtue of which condition C in section 2C(4) is met in relation to the relevant high value disposal.
##### 4
- (1) The gain or loss accruing on the relevant high value disposal which is not ATED-related is computed as follows.
- *Step 1* Determine the amount of the notional pre-commencement gain or loss.
- *Step 2* In a case where there is a notional post-commencement gain—determine the amount of that gain remaining after the deduction of the ATED-related gain determined under paragraph 3, andadjust that remaining gain by reducing it by the notional indexation allowance.
- *Step 3* In a case where there is a notional post-commencement loss, determine the amount of that loss remaining after deduction of the ATED-related loss determined under paragraph 3.
- *Step 4* Add—the amount of any gain or loss determined under Step 1, andthe amount of any adjusted gain determined under Step 2 or (as the case may be) any loss determined under Step 3,(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the gain on the relevant high value disposal which is not ATED-related.
If the result is a negative amount, that amount (expressed as a positive number) is the loss on the relevant high value disposal which is not ATED-related.
- (2) “*The notional pre-commencement gain or loss*” means the gain or loss which would have accrued on 5 April in the relevant year had the interest been disposed of for a consideration equal to its market value on that date.
- (3) For the purposes of sub-paragraph (2), the amount of the gain or loss accruing to P is to be computed (whether or not that would otherwise be the case) as if P were within the charge to corporation tax on chargeable gains (but not within the charge to capital gains tax).
- (4) Paragraph 3(2) and (3) (meaning of “notional post-commencement gain or loss”) also applies for the purposes of this paragraph.
- (5) “*Notional indexation allowance*” means the relevant fraction of an amount equal to the difference between—
- (a) the indexation allowance which (in the absence of section 2B and this Schedule) would be made under Chapter 4 of Part 2 in determining the gain accruing on the relevant high value disposal were that gain being computed for corporation tax purposes, and
- (b) the indexation allowance which is made under Chapter 4 of Part 2 in determining the notional pre-commencement gain.
- (6) “The relevant fraction” is—
$$TD – CD TD$where “*CD*” and “*TD*” have the same meaning as in paragraph 3(4).$
### Election for paragraph 2 to 4 not to apply to a chargeable interest
##### 5
- (1) A person may make an election under this paragraph for paragraphs 2 to 4 not to apply in relation to a chargeable interest held by (or any part of which is held by) the person on 5 April in the relevant year.
- (2) An election is irrevocable.
- (3) An election must be made by being included in a tax return under the Management Act for the tax year in which the first relevant high value disposal by the person of the chargeable interest (or any part of it) on or after 6 April in the relevant year occurs.
- (3A) An election made in relation to an asset under paragraph 2(1)(b) of Schedule 4ZZB (disposals by non-residents etc of UK residential property interests: gains and losses) also has effect as an election made under this paragraph in relation to the asset.
- (4) The reference in sub-paragraph (3) to an election being included in a return includes an election being included by virtue of an amendment of the return.
- (5) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to an election.
- (6) In this paragraph—
This Part of this Schedule applies where the person making the non-resident CGT disposal is a company.
### Indexation
##### 23
The following amounts are computed as if the computation were for corporation tax purposes—
- (a) the notional post-April 2015 gain or loss for the purposes of paragraphs 6 and 7;
- (b) the notional pre-April 2015 gain or loss for the purposes of paragraphs 6 and 7;
- (c) the gain or loss determined under Step 1 of paragraph 9(2);
- (d) the notional post-April 2015 gain or loss for the purposes of paragraph 13;
- (e) the gain or loss determined under Step 1 of paragraph 14(3);
- (f) the notional post-April 2016 gain or loss for the purposes of paragraph 15;
- (g) the notional pre-April 2016 gain or loss for the purposes of paragraph 15;
- (h) the notional post-April 2015 gain or loss, the notional pre-April 2015 gain or loss and the notional pre-April 2013 gain or loss for the purposes of paragraph 17;
- (i) the notional post-April 2016 gain or loss, the notional pre-April 2016 gain or loss and the notional pre-April 2015 gain or loss for the purposes of paragraph 19.
## PART 6 — Miscellaneous provisions
### Wasting assets
##### 24
- (1) Sub-paragraph (2) applies where it is necessary, for the purposes of a relevant computation, to determine whether or not the asset which is the subject of the disposal in question is a wasting asset (as defined for the purposes of Chapter 2 of Part 2).
- (2) The assumption (which operates for the purposes of that computation) that the asset was acquired on 5 April 2015 or, as the case may be, 5 April 2016 is to be ignored in determining that question.
- (3) In sub-paragraph (1) “*relevant computation*” means a computation of—
- (a) the notional post-April 2015 gain or loss accruing to a person on a non-resident CGT disposal in accordance with paragraph 5(2)(a),
- (b) the notional post-April 2015 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 13(3),
- (c) the notional post-April 2016 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 15(5), or
- (d) the notional pre-April 2016 gain or loss accruing to a person on a disposal in accordance with paragraph 15(7).
### Capital allowances
##### 25
- (1) Sub-paragraph (2) applies where it is to be assumed for the purpose of computing—
- (a) the notional post-April 2015 gain or loss accruing to a person on a non-resident CGT disposal in accordance with paragraph 5(2)(a),
- (b) the notional post-April 2015 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 13(3),
- (c) the notional post-April 2016 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 15(5), or
- (d) the notional pre-April 2016 gain or loss accruing to a person on a disposal in accordance with paragraph 15(7),
that an asset was acquired by a person on 5 April 2015 or (as the case may be) 5 April 2016 (“the deemed acquisition date”) for a consideration equal to its market value on that date.
- (2) For the purposes of that computation, sections 41 (restriction of losses by reference to capital allowances and renewals allowances) and 47 (wasting assets qualifying for capital allowances) are to apply in relation to any capital allowance or renewals allowance made in respect of the expenditure actually incurred by the person in acquiring or providing the asset as if that allowance were made in respect of the expenditure treated as incurred by the person on the deemed acquisition date as mentioned in sub-paragraph (1).
## PART 7 — Interpretation
##### 26
In this Schedule—
- “*chargeable interest*” has the same meaning as in Part 3 of the Finance Act 2013 (annual tax on enveloped dwellings) (see section 107 of that Act);
- “*relevant year*” has the meaning given by paragraph 2.
### Cases where election made or or none of Cases 1 to 3 apply
##### 6
- (1) This paragraph applies if—
- (a) an election is made by P under paragraph 5 in respect of the chargeable interest which (or a part of which) is the subject of the relevant high value disposal, or
- (b) none of Cases 1, 2 and 3 in paragraph 2 applies to the disposal.
- (2) The ATED-related gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which would accrue to P, ignoring section 2B and this Schedule (but not the remainder of this Step). For this purpose, the amount of the gain or loss is to be computed (whether or not that would otherwise be the case) as if P were within the charge to capital gains tax (but not within the charge to corporation tax on chargeable gains).
- *Step 2* An amount equal to the relevant fraction of that gain or loss is the ATED-related gain or loss accruing on the relevant high value disposal.
- (3) The gain or loss accruing on the relevant high value disposal which is not ATED-related is to be computed as follows.
- *Step 1* In a case where there is a gain under Step 1 of sub-paragraph (2)—determine the amount of the gain remaining after the deduction of the ATED-related gain, andadjust the remaining gain by reducing it by an amount equal to the notional indexation allowance.That adjusted gain is the gain accruing on the relevant high value disposal which is not ATED-related.
- *Step 2* In a case where there is a loss under Step 1 of sub-paragraph (2), determine the amount of the loss remaining after deduction of the ATED-related loss. That remaining loss is the loss accruing on the relevant high value disposal which is not ATED-related.
- (4) “*Notional indexation allowance*” means the relevant fraction of the indexation allowance which would be made under Chapter 4 of Part 2 in determining the gain under Step 1 in sub-paragraph (2) were that gain being computed for corporation tax purposes.
- (5) Subject to sub-paragraph (6), “the relevant fraction”—
- (a) in sub-paragraph (2) has the same meaning as in paragraph 3(4), and
- (b) in sub-paragraph (4) has the same meaning as in paragraph 4(6).
- (6) For the purpose of determining the relevant fraction under sub-paragraph (5), paragraph 3(5) has effect as if the relevant ownership period began on the day on which P acquired the interest or, if later, 31 March 1982.
### Adjustments of ATED chargeable days
##### 7
- (1) This paragraph applies where, as a result of a claim under section 106(3) of the Finance Act 2013 (adjustment of chargeable amount), or an amendment of or adjustment to such a claim, there is an alteration in the number of ATED chargeable days.
- (2) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to any change in liability to tax as a result of that alteration.
##### 10A
Section 161(3ZB)(a) and (b) does not apply to a loss if, in the absence of an election under section 161(3ZA), the loss would have been a pre-entry loss.
### Employee shareholders
##### 236B
- (1) A gain which accrues on the first disposal of an exempt employee shareholder share is not a chargeable gain.
- (2) A share is an exempt employee shareholder share if it is—
- (a) an employee shareholder share, and
- (b) exempt in accordance with sections 236C and 236D.
- (3) In this section and sections 236C to 236G—
- shares are “acquired” by an employee if the employee becomes beneficially entitled to them (and they are acquired at the time when the employee becomes so entitled);
- “*employee shareholder share*” means a share acquired in consideration of an employee shareholder agreement and held by the employee;
- “*employee shareholder agreement*” means an agreement by virtue of which an employee is an employee shareholder (see section 205A(1)(a) to (d) of the Employment Rights Act 1996);
- “employee” and “*employer company*”, in relation to an employee shareholder agreement, mean the individual and the company which enter into the agreement.
##### 236C
- (1) An employee shareholder share acquired in consideration of an employee shareholder agreement (“*the relevant agreement*”) is exempt for the purposes of section 236B only if, immediately after its acquisition, the total value of qualifying shares which have been acquired by the employee does not exceed £50,000.
- (2) “*Qualifying share*” means an employee shareholder share in—
- (a) the employer company in relation to the relevant agreement, or
- (b) an associated company of that company,
which is acquired by the employee in consideration of an agreement within subsection (3).
- (3) An agreement is within this subsection if it is—
- (a) the relevant agreement,
- (b) another employee shareholder agreement with the same employer company, or
- (c) an employee shareholder agreement with an associated company of that company.
- (4) For the purposes of this section—
- (a) a company is an “associated company” of another if—
- (i) one of the two has control of the other, or
- (ii) both are under the control of the same person or persons, and
- (b) if a company controls another when an employee shareholder agreement is entered into with the employee, paragraph (a) applies as if that continued to be the case (in addition to any other circumstances) when any subsequent employee shareholder agreement is entered into with that employee.
- (5) But subsection (4)(b) does not apply as between two companies if—
- (a) one of the companies has been dissolved,
- (b) the period of two years beginning with the date of the dissolution has passed, and
- (c) the employee has not, at any time in that period, been engaged in any office or employment (including engagement under a contract for services) with any company which is an associated company of the dissolved company.
- (6) If a number of qualifying shares are acquired by an employee on a day and—
- (a) before that day, the value of qualifying shares that have been acquired by the employee does not exceed £50,000, and
- (b) at the end of that day, that value does exceed that sum,
the appropriate proportion of the shares (rounded down, if necessary, to the nearest share) is to be treated for the purposes of subsection (1) as having been acquired separately and before the others.
- (7) The “appropriate proportion” is the following—
$$50000 – B T$where—B is the value of qualifying shares acquired before the day;T is the total value of qualifying shares acquired on the day.$
- (8) For the purposes of this section, the value of a share (at any time) is its unrestricted market value at the time when it was acquired by the employee.
- (9) The unrestricted market value of a share when it is acquired by an employee is what the market value of the share would be immediately after the acquisition, but for any restriction.
For this purpose “*restriction*” has the meaning given by section 432(8) of ITEPA 2003 (restricted securities for the purposes of Chapter 2 of Part 7 of that Act).
##### 236D
- (1) An employee shareholder share is not exempt for the purposes of section 236B if, on the date on which the share is acquired—
- (a) the employee has a material interest in the employer company or a relevant parent undertaking, or
- (b) the employee is connected with an individual who has a material interest in the employer company or a relevant parent undertaking.
- (2) An employee shareholder share is not exempt for the purposes of section 236B if—
- (a) at any time in the period of one year ending with the date on which the share is acquired, the employee had a material interest in the employer company or a relevant parent undertaking, or
- (b) on the date on which the share is acquired, the employee is connected with an individual who, at any time in the period of one year ending with that date, had a material interest in the employer company or a relevant parent undertaking.
- (3) Subsections (4) and (5) define “*material interest*” for the purposes of this section.
Those subsections must be read together with subsections (6) to (8).
- (4) An individual (“A”) has a material interest in a company if at least 25% of the voting rights in the company are exercisable—
- (a) by A,
- (b) by persons connected with A, or
- (c) by A and persons connected with A together.
- (5) If a company is a close company, an individual (“A”) has a material interest in it if—
- (a) A,
- (b) persons connected with A, or
- (c) A and persons connected with A together,
possess such rights as would, in the event of the winding up of the company or in any other circumstances, give an entitlement to receive at least 25% of the assets that would then be available for distribution among the participators.
- (6) For the purposes of subsection (1), A is to be treated as having a material interest in a company at any time if either of the following conditions is met.
- (7) The first condition is that—
- (a) A,
- (b) persons connected with A, or
- (c) A and persons connected with A together,
have an entitlement to acquire such rights as would (together with any existing rights) give A a material interest in the company.
- (8) The second condition is that there are arrangements in place between—
- (a) the employer company or a relevant parent undertaking, and
- (b) A, or persons connected with A, or A and persons connected with A together,
which enable A or those persons to acquire such rights as would (together with any existing rights) give A a material interest in the company.
- (9) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*close company*” includes a company that would be a close company but for—section 442(a) of CTA 2010 (exclusion of companies not resident in the United Kingdom), orsections 446 and 447 of CTA 2010 (exclusion of certain quoted companies);
- “*relevant parent undertaking*” means any parent undertaking of the employer company and for this purpose “*parent undertaking*” is to be read in accordance with section 1162 of the Companies Act 2006.
##### 236E
- (1) Sections 104 (share pooling), 105 (disposal on or before acquisition) and 106A (identification of securities) do not apply to exempt employee shareholder shares.
- (2) Subsection (3) applies where—
- (a) an employee holds shares of the same class in a company,
- (b) some, but not all, of the shares are exempt employee shareholder shares, and
- (c) the employee disposes of some, but not all, of the shares in that holding.
- (3) Where this subsection applies—
- (a) the employee may determine what proportion of the shares disposed of are to be treated as exempt employee shareholder shares (up to the number of such shares which the employee holds), and
- (b) the consideration received for the shares disposed of is to be apportioned accordingly.
- (4) For the purposes of this section shares in a company are not to be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
##### 236F
- (1) Section 127 (equation of original shares and new holding on reorganisation) does not apply to exempt employee shareholder shares.
- (2) The reference in subsection (1) to section 127 includes that section as applied by sections 135 and 136 (other company reconstructions).
##### 236G
- (1) This section applies where an individual has acquired shares in consideration of entering into an employee shareholder agreement.
- (2) The individual is not to be regarded as disposing of an asset by reason of the individual ceasing to have, or not acquiring, the rights mentioned in section 205A of the Employment Rights Act 1996 (rights which an employee shareholder does not have) in consequence of entering into the agreement.
#### Prevention of double charge.
#### Only first £50,000 of shares under associated agreements to be exempt
#### Treating trade loss etc as CGT loss
#### Consideration payable by instalments.
#### Application of section 255B(2) where SI relief has been reduced
### Employee-ownership trusts
##### 236H
- (1) This section applies where—
- (a) a person other than a company (“P”) disposes of any ordinary share capital of a company (“C”) to the trustees of a settlement,
- (b) the relief requirements are met, and
- (c) P makes a claim under this section.
- (2) Section 17(1) (disposals and acquisitions treated as made at market value) does not apply to the disposal.
- (3) The disposal, and the acquisition by the trustees, are to be treated for the purposes of this Act as being made for such consideration as to secure that neither a gain nor a loss accrues on the disposal.
- (4) “The relief requirements” are—
- (a) that C meets the trading requirement (see section 236I) at the time of the disposal and continues to meet that requirement for the remainder of the tax year in which that time falls,
- (b) that the settlement meets the all-employee benefit requirement at the time of the disposal and continues to meet that requirement for the remainder of the tax year in which that time falls (see sections 236J to 236L and subsection (5) of this section),
- (c) that the settlement does not meet the controlling interest requirement (see section 236M) immediately before the beginning of the tax year in which the disposal occurs, but—
- (i) it meets that requirement at the end of that tax year, and
- (ii) if it met the requirement at an earlier time in that tax year (whether before or after the time of the disposal) it continued to meet it throughout the remainder of that tax year,
- (d) that the limited participation requirement is met (see section 236N), and
- (e) that this section does not apply in relation to any related disposal by P or a person connected with P which occurs in an earlier tax year.
- (5) For the purposes of subsection (4)(b)—
- (a) unless the settlement met the all-employee benefit requirement by virtue of section 236L (cases in which all-employee benefit requirement treated as met) at the time of the disposal, that section does not apply for the purposes of determining whether the settlement continues to meet that requirement after the disposal, and
- (b) if, at the time of the disposal, the settlement met that requirement by virtue of section 236L and later continues to meet it otherwise than by virtue of that section, it may not again meet the requirement by virtue of that section.
- (6) A disposal in an earlier tax year is “related” to the disposal in question if—
- (a) both disposals are of ordinary share capital of the same company, or
- (b) the disposal in the earlier tax year is of ordinary share capital of a company which is, or at the time of that disposal was, a member of the same group as the company whose ordinary share capital is the subject of the disposal in question.
- (7) A claim under this section must include—
- (a) information to identify the settlement,
- (b) C’s name and the address of its registered office, and
- (c) the date of the disposal and the number of shares disposed of.
- (8) Section 236O makes provision about events which prevent a claim being made under this section and circumstances in which a claim is revoked.
##### 236I
- (1) C meets the trading requirement if C is—
- (a) a trading company which is not a member of a group, or
- (b) the principal company of a trading group.
- (2) “Trading company” means a company carrying on trading activities whose activities do not include to a substantial extent activities other than trading activities.
- (3) “Trading group” means a group—
- (a) one or more of whose members carry on trading group activities, and
- (b) the activities of whose members, taken together, do not include to a substantial extent activities other than trading group activities.
- (4) In this section—
- “trading activities” means activities carried on by the company in the course of, or for the purposes of, a trade being carried on by it;
- “trading group activities” means activities carried on by a member of the group in the course of, or for the purposes of, a trade being carried on by any member of the group.
- (5) For the purposes of determining whether C is a trading company or the principal company of a trading group—
- (a) the activities of the members of a group are to be treated as one business (with the result that activities are disregarded to the extent that they are intra-group activities), and
- (b) a business carried on by a company in partnership with one or more other persons is to be treated as not being a trading activity or a trading group activity.
##### 236J
- (1) A settlement meets the all-employee benefit requirement if the trusts of the settlement—
- (a) do not permit any of the settled property to be applied, at any time, otherwise than for the benefit of all the eligible employees on the same terms,
- (b) do not permit the trustees at any time to apply any of the settled property—
- (i) by creating a trust, or
- (ii) by transferring property to the trustees of any settlement other than by an authorised transfer,
- (c) do not permit the trustees at any time to make loans to beneficiaries of the trusts, and
- (d) do not permit the trustees or any other person at any time to amend the trusts in a way such that the amended trusts would not comply with one or more of paragraphs (a) to (c).
- (2) Section 236K makes provision about the requirement in subsection (1)(a).
- (3) “Eligible employee” means—
- (a) if C meets the trading requirement by virtue of section 236I(1)(a), any individual who is employed by, or is an office-holder of, C, and
- (b) if C meets the trading requirement by virtue of section 236I(1)(b), any individual who is employed by, or is an office-holder of, a relevant group company,
but does not include an excluded participator.
- (4) But where—
- (a) C has ceased to meet the trading requirement or the trustees have ceased to hold any shares in C (or both), and
- (b) a person was an eligible employee at any time during the period of two years ending immediately before that event (or, where both have occurred, the earlier of them),
that person continues to be an “eligible employee”.
- (5) “Excluded participator” means—
- (a) a person who is a participator in C, or, where C meets the trading requirement by virtue of section 236I(1)(b), in any relevant group company,
- (b) any other person who is a participator in any close company that has made a disposition whereby property became comprised in the same settlement, being a disposition which but for section 13 or 13A of the Inheritance Tax Act 1984 (dispositions by close companies for benefit of employees or to employee-ownership trusts) would have been a transfer of value for the purposes of inheritance tax,
- (c) any other person who has been a participator in any company mentioned in paragraph (a) or (b) at any time on or after the look-back date, or
- (d) any person who is connected with any person within paragraph (a), (b) or (c).
- (6) The participators in a company who are referred to in subsection (5) do not include any participator who—
- (a) is not beneficially entitled to, or to rights entitling the participator to acquire, 5% or more of, or of any class of the shares comprised in, the company’s share capital, and
- (b) on a winding-up of the company would not be entitled to 5% or more of its assets.
- (7) In this section—
- “authorised transfer” means a transfer of property consisting of or including any ordinary share capital of a company (“the transferred company”) where—the transferred company meets the trading requirement, andthe transfer is made to the trustees of a settlement which—meets the controlling interest requirement with respect to the transferred company immediately after the transfer, andmeets the all-employee benefit requirement with respect to the transferred company (ignoring section 236L),and for this purpose references to “C” in sections 236I, 236M and 236T and this section are to be read as references to the transferred company,
- “close company” and “participator” have the same meaning as in Part 4 of the Inheritance Tax Act 1984 (see section 102 of that Act), and references to a participator in a company are, in the case of a company which is not a close company, to be construed as references to a person who would be a participator in the company if it were a close company,
- “the look-back date” means the first day of the period of 10 years ending with whichever is later of—10 December 2013, andthe day on which any property first became comprised in the settlement, and
- “relevant group company” means C or any other company which is a member of the group of which C is the principal company.
- (8) In this section references to the settled property include references to any income arising from it.
- (9) See section 236L for cases where the all-employee benefit requirement is treated as met.
##### 236K
- (1) The requirement in section 236J(1)(a) (“the equality requirement”) is not infringed by the trusts by reason only that they—
- (a) permit the settled property to be applied, where an eligible employee has died, as if a surviving spouse, civil partner or dependant of the deceased person were the eligible employee (and continued to be employed) for a period of 12 months, or such shorter period as the trusts may provide, starting with the time of death,
- (b) prevent the settled property being applied for the benefit of persons who have not been eligible employees for a continuous period of 12 months or such shorter period as the trusts may provide,
- (c) permit the trustees to comply with a written request from a person that the trustees do not apply any of the settled property for the benefit of that person, or
- (d) prevent the settled property being applied for the benefit of all persons who are eligible employees by reason only that they are office-holders.
- (2) The equality requirement is not infringed by the trusts by reason only that, in addition to requiring the settled property to be applied for the benefit of all the eligible employees on the same terms, they also permit the settled property to be applied for charitable purposes.
- (3) Subject to subsections (1) and (2), the equality requirement is infringed by the trusts if they permit the settled property to be applied by reference to factors other than those mentioned in subsection (4).
- (4) The equality requirement is not infringed by the trusts by reason only that they permit the settled property to be applied for the benefit of all the eligible employees by reference to—
- (a) an eligible employee’s remuneration,
- (b) an eligible employee’s length of service, or
- (c) hours worked by an eligible employee;
but this is subject to subsections (5) and (6).
- (5) The equality requirement is infringed by the trusts if they permit any of the settled property to be applied on terms such that some (but not all) eligible employees receive no benefits (other than by virtue of subsection (1)(b), (c) and (d)).
- (6) If any of the settled property is applied by reference to more than one of the factors mentioned in subsection (4), the equality requirement is infringed unless—
- (a) each factor gives rise to a separate entitlement related to the level of remuneration, length of service or (as the case may be) hours worked, and
- (b) the total entitlement is the sum of those separate entitlements.
- (7) “Eligible employee” has the same meaning as in section 236J.
- (8) In this section, references to the settled property include references to any income arising from it.
##### 236L
- (1) A settlement which would not otherwise meet the all-employee benefit requirement at any time is treated as meeting that requirement at that time if—
- (a) the settlement was created before 10 December 2013,
- (b) on that date—
- (i) section 86 of the Inheritance Tax Act 1984 (trusts for the benefit of employees) applied to the settled property,
- (ii) the trustees held a significant interest in C, and
- (iii) the settlement did not meet the all-employee benefit requirement (ignoring this section), and
- (c) the trustees of the settlement do not, during the period of 12 months ending with the time in question, do any of the following—
- (i) apply any of the settled property otherwise than for the benefit of all eligible employees on the same terms,
- (ii) apply any of the settled property by creating a trust,
- (iii) apply any of the settled property by transferring property to the trustees of any settlement other than by an authorised transfer, or
- (iv) make loans to beneficiaries of the trusts of the settlement.
- (2) The trustees held a significant interest in C on 10 December 2013 if on that date—
- (a) they—
- (i) held 10% or more of the ordinary share capital of C, and
- (ii) had powers of voting on all questions affecting C as a whole which, if exercised, would have yielded 10% or more of the votes capable of being exercised on them,
- (b) they were entitled to 10% or more of the profits available for distribution to the equity holders of C,
- (c) they would have been entitled, on a winding up of C, to 10% or more of the assets of C available for distribution to equity holders, and
- (d) there were no provisions in any agreement or instrument affecting C’s constitution or management or its shares or securities whereby the condition in paragraph (a), (b) or (c) could cease to be satisfied without the consent of the trustees.
See section 236T for further provision relating to the holding of a significant interest.
- (3) Subsections (3) to (8) of section 236J apply for the purposes of this section.
- (4) The requirement in subsection (1)(c)(i) (“the behaviour requirement”) is not infringed by reason only that the trustees of the settlement—
- (a) apply any of the settled property, where an eligible employee has died, as if a surviving spouse, civil partner or dependant of the deceased person were the eligible employee (and continued to be employed) for a period of 12 months, or such shorter period as the trustees may determine, starting with the time of death,
- (b) only apply the settled property for the benefit of persons who have been eligible employees for a continuous period of 12 months or such shorter period as the trustees may determine,
- (c) comply with a written request from a person that the trustees do not apply any of the settled property for the benefit of that person, or
- (d) have complied with the terms of the trusts of the settlement which prevent the settled property being applied for the benefit of some or all of the persons who are eligible employees by reason only that they are office-holders.
- (5) The behaviour requirement is not infringed by reason only that, in addition to applying any of the settled property for the benefit of all the eligible employees on the same terms, the trustees also apply any of it for charitable purposes.
- (6) Subject to subsections (4) and (5), the behaviour requirement is infringed by the trustees if they apply the settled property by reference to factors other than those mentioned in subsection (7).
- (7) The behaviour requirement is not infringed by the trustees applying the settled property for the benefit of all the eligible employees by reference to—
- (a) an eligible employee’s remuneration,
- (b) an eligible employee’s length of service, or
- (c) hours worked by an eligible employee;
but this is subject to subsections (8) and (9).
- (8) The behaviour requirement is infringed if any of the settled property is applied by the trustees on terms such that some (but not all) eligible employees receive no benefits (other than as mentioned in subsection (4)(b), (c) and (d)).
- (9) If the trustees apply any of the settled property by reference to more than one of the factors mentioned in subsection (7), the behaviour requirement is infringed unless—
- (a) each factor gives rise to a separate entitlement related to the level of remuneration, length of service or (as the case may be) hours worked, and
- (b) the total entitlement is the sum of those separate entitlements.
##### 236M
- (1) A settlement meets the controlling interest requirement if—
- (a) the trustees—
- (i) hold more than 50% of the ordinary share capital of C, and
- (ii) have powers of voting on all questions affecting C as a whole which, if exercised, would yield a majority of the votes capable of being exercised on them,
- (b) the trustees are entitled to more than 50% of the profits available for distribution to the equity holders of C,
- (c) the trustees would be entitled, on a winding up of C, to more than 50% of the assets of C available for distribution to equity holders, and
- (d) there are no provisions in any agreement or instrument affecting C’s constitution or management or its shares or securities whereby the condition in paragraph (a), (b) or (c) can cease to be satisfied without the consent of the trustees.
- (2) See section 236T for further provision relating to the controlling interest requirement.
##### 236N
- (1) The limited participation requirement is met if Conditions A and B are met.
- (2) Condition A is that there was no time in the period of 12 months ending immediately after the disposal mentioned in section 236H(1) when—
- (a) P was a participator in C, and
- (b) the participator fraction exceeded 2/5.
- (3) Condition B is that the participator fraction does not exceed 2/5 at any time in the period beginning with that disposal and ending at the end of the tax year in which it occurs.
- (4) But a time which falls in a period during which the participator fraction exceeded 2/5 is to be disregarded for the purposes of subsection (2)(b) and (3) if—
- (a) that period lasts no more than 6 months, and
- (b) the fraction exceeded 2/5 during that period by reason of events outside the reasonable control of the trustees.
- (5) “The participator fraction” means—
$$NPNE$where—NP is the sum of—the number of persons who at the time in question are both—participators in C, andemployees of, or office-holders in, C, andthe number of other persons who at that time are both—employees of, or office-holders in, C or, if C is the principal company of a trading group, any member of the group, andconnected with persons within paragraph (a);NE is the number of persons who at that time are employees of C or, if C is the principal company of a trading group, any member of the group.$
- (6) The participators in C who are referred to in subsections (2) and (5) do not include any participator who—
- (a) is not beneficially entitled to, or to rights entitling the participator to acquire, 5% or more of, or of any class of the shares comprised in, C’s share capital, and
- (b) on a winding-up of C would not be entitled to 5% or more of its assets.
- (7) In this section—
- (a) “participator” has the meaning given by section 454 of CTA 2010, and
- (b) references to a participator in a company are, in the case of a company which is not a close company (within the meaning of Chapter 2 of Part 10 of that Act), to be construed as references to a person who would be a participator in the company if it were a close company.
##### 236O
- (1) This section applies where—
- (a) a disposal is made in circumstances where paragraphs (a) and (b) of section 236H(1) are satisfied, and
- (b) one or more disqualifying events occur in relation to the disposal in the tax year following the tax year in which the disposal occurs.
- (2) A “disqualifying event” occurs in relation to the disposal if and when—
- (a) C ceases to meet the trading requirement,
- (b) the settlement ceases to meet the all-employee benefit requirement,
- (c) the settlement ceases to meet the controlling interest requirement,
- (d) the participator fraction exceeds 2/5, or
- (e) the trustees act in a way which the trusts, as required by the all-employee benefit requirement, do not permit.
- (3) No claim for relief under section 236H may be made in respect of the disposal on or after the day on which the disqualifying event (or, if more than one, the first of them) occurs.
- (4) Any claim for relief under section 236H made in respect of the disposal before that day is revoked, and the chargeable gains and allowable losses of any person for any chargeable period are to be calculated as if that claim had never been made.
- (5) Such adjustments must be made in relation to any person, whether by the making of assessments or otherwise, as are required to give effect to subsection (4) (regardless of any limitation on the time within which any adjustment may be made).
- (6) Section 236H(5) (restrictions on application of section 236L) applies for the purposes of subsection (2)(b).
- (7) Section 236N(4) applies for the purposes of subsection (2)(d) as it applies in relation to section 236N(2)(b) and (3).
##### 236P
- (1) Where the trustees of a settlement acquire any ordinary share capital in a tax year in circumstances where section 236H applies, subsection (3) applies on the first occasion, after the end of the tax year following the tax year in which the acquisition occurs, when a disqualifying event occurs in relation to the acquisition.
- (2) A “disqualifying event” occurs in relation to the acquisition if and when—
- (a) C ceases to meet the trading requirement,
- (b) the settlement ceases to meet the all-employee benefit requirement,
- (c) the settlement ceases to meet the controlling interest requirement,
- (d) the participator fraction exceeds 2/5, or
- (e) the trustees act in a way which the trusts, as required by the all-employee benefit requirement, do not permit.
- (3) The trustees are treated as having, immediately before the disqualifying event—
- (a) disposed of any ordinary share capital of C held by the trustees which comprises shares acquired in circumstances where section 236H applied (and not subsequently disposed of and reacquired), and
- (b) immediately reacquired that ordinary share capital,
at its market value at that time.
- (4) For the purposes of subsection (2)(b)—
- (a) unless the settlement met the all-employee benefit requirement at the time of the acquisition by virtue of section 236L, that section does not apply for the purposes of determining whether the settlement continues to meet that requirement after the acquisition, and
- (b) if, at the time of the acquisition, the settlement met that requirement by virtue of section 236L and later continues to meet it otherwise than by virtue of that section, it may not again meet the requirement by virtue of that section.
- (5) Section 236N(4) applies for the purposes of subsection (2)(d) as it applies in relation to section 236N(2)(b) and (3).
##### 236Q
- (1) This section applies where—
- (a) a deemed disposal arises under section 71(1) by reason of the trustees of a settlement (“the acquiring settlement”) becoming absolutely entitled to settled property as against the trustee of that settled property (“the transferring trustee”),
- (b) that settled property consists of ordinary share capital of a company,
- (c) the relief requirements in section 236H(4)(a) to (d) are met, and
- (d) the transferring trustee makes a claim under this section.
- (2) Section 17(1) (disposals and acquisitions treated as made at market value) does not apply to the disposal.
- (3) The deemed disposal and acquisition by the transferring trustee under section 71(1) are to be treated for the purposes of this Act as being made for such consideration as to secure that neither a gain nor a loss accrues on the disposal.
- (4) For the purposes of section 236P the trustees of the acquiring settlement are treated as acquiring the ordinary share capital from the transferring trustee, at the time of the deemed disposal, in circumstances where section 236H applies.
- (5) In applying sections 236H(4), 236I to 236P and 236T for the purposes of this section—
- (a) references in those provisions to the settlement are to be read as references to the acquiring settlement, and
- (b) references in those provisions to C are to be read as references to the company mentioned in subsection (1)(b).
- (6) A claim under this section must include—
- (a) information to identify the acquiring settlement,
- (b) the name of the company mentioned in subsection (1)(b) and the address of its registered office, and
- (c) the date of the deemed disposal and the number of shares deemed to have been disposed of.
- (7) Section 236R makes provision about events which prevent a claim being made under this section and circumstances in which a claim is revoked.
##### 236R
- (1) This section applies where—
- (a) a deemed disposal arises in circumstances where paragraphs (a) to (c) of section 236Q(1) are satisfied, and
- (b) one or more disqualifying events occur in relation to the disposal in the tax year following the tax year in which the deemed disposal arises.
- (2) No claim for relief under section 236Q may be made in respect of the deemed disposal on or after the day on which the disqualifying event (or, if more than one, the first of them) occurs.
- (3) Any claim for relief under section 236Q made in respect of the deemed disposal before that day is revoked, and the chargeable gains and allowable losses of any person for any chargeable period are to be calculated as if that claim had never been made.
- (4) Such adjustments must be made in relation to any person, whether by the making of assessments or otherwise, as are required to give effect to subsection (3) (regardless of any limitation on the time within which any adjustment may be made).
- (5) “Disqualifying event” is to be construed in accordance with subsections (2), (6) and (7) of section 236O except that—
- (a) references in those subsections to the disposal are to be read as references to the deemed disposal, and
- (b) in applying sections 236I to 236P and 236T for this purpose—
- (i) references in those provisions to the settlement are to be read as references to the acquiring settlement (within the meaning of section 236Q(1)), and
- (ii) references in those provisions to C are to be read as references to the company mentioned in section 236Q(1)(b).
##### 236S
- (1) This section applies where the trustees of a settlement hold—
- (a) shares which were—
- (i) acquired in circumstances where section 236H applied, or
- (ii) the subject of a deemed acquisition under section 71(1) in circumstances where section 236Q applied,
and not subsequently disposed of and reacquired (“EOT exempt shares”), and
- (b) other shares which, but for section 104(4A), would be shares of the same class as those shares.
- (2) If the trustees dispose of some, but not all, of the shares so held, they may determine what proportion of the shares disposed of are EOT exempt shares (up to the number of such shares held).
- (3) For the purposes of this section shares in a company are not to be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
- (4) Nothing in subsection (2) applies in relation to a disposal by virtue of section 236P(3).
##### 236T
- (1) This section applies for the purposes of—
- (a) section 236L(2) (trustees hold a significant interest in C), and
- (b) section 236M (controlling interest requirement).
- (2) Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies as it applies for the purposes of the provisions mentioned in section 157(1) of that Act.
- (3) The trustees are to be treated, for the purposes of section 236L(2)(b) or 236M(1)(b), as entitled to dividends on shares even if the trustees are required, or permitted, by the trusts of the settlement to waive their entitlement to those dividends.
- (4) In determining whether section 236L(2)(d) or 236M(1)(d) applies, ignore any provision of—
- (a) a mortgage or charge (or, in Scotland, a charge or security) granted by the trustees to a third party to secure any debt, or
- (b) an agreement in respect of a loan made to the trustees by a third party,
which confers any entitlement on the third party in the event of a default by the trustees in performing their obligations in relation to that debt or loan.
- (5) In this section—
- “third party” means a person other than—C or a member of a group of which C is the principal company,a person who is, or has at any time in the preceding 12 months been, a participator in C or in a member of such a group, ora person connected with a person within paragraph (b);
- “close company” and “participator” have the same meaning as in Part 4 of the Inheritance Tax Act 1984 (see section 102 of that Act), and a reference to a participator in a company is, in the case of a company which is not a close company, to be construed as a reference to a person who would be a participator in the company if it were a close company.
##### 236U
- (1) In sections 236H to 236T and this section—
- “company” has the meaning given by section 170(9);
- “ordinary share capital” has the meaning given by section 1119 of CTA 2010;
- “trade” means any trade which is conducted on a commercial basis and with a view to the realisation of profits.
- (2) In those sections—
- (a) references to a group, to membership of a group or to the principal company of a group, are to be construed in accordance with section 170, and
- (b) references to a group are to be construed with any necessary modifications where applied to a company incorporated under the law of a country or territory outside the United Kingdom.
- (3) In determining whether a person is connected with another for the purposes of those sections, section 286 applies as if subsection (8) of that section also mentioned uncle, aunt, nephew and niece.
##### 59B
- (1) Subsection (2) applies if—
- (a) under section 863I of ITTOIA 2005, a partner (“P”) in a partnership allocates to the partnership an amount of profit (“the allocated profit”) representing variable remuneration which, if it vests in P, will vest in the form of instruments,
- (b) there is a disposal to P of instruments which are partnership assets of the partnership for the purposes of section 59, and
- (c) by virtue of that disposal the variable remuneration vests in P.
- (2) Both the persons making the disposal and P are to be treated as if the instruments were acquired by P from those persons for a consideration of an amount equal to the allocated profit net of the income tax for which the partnership is liable by virtue of section 863I of ITTOIA 2005 in respect of the allocated profit.
- (3) Terms used in this section which are also used in section 863I or 863J of ITTOIA 2005 have the same meaning as in that section.
##### 59C
- (1) Subsection (2) applies if—
- (a) under section 863I of ITTOIA 2005, a partner (“P”) in a partnership allocates to the partnership an amount of profit (“the allocated profit”) representing variable remuneration which, if it vests in P, will vest in the form of instruments,
- (b) there is a disposal to P of instruments by a company which is a partner in the partnership,
- (c) by virtue of that disposal the variable remuneration vests in P, and
- (d) the company would, as a partner in the partnership, have been charged to tax on the allocated profit but for adjustments made in the case of the company under section 1264A(2) of CTA 2009 or section 850C(5) of ITTOIA 2005.
- (2) Both the company and P are to be treated as if the instruments were acquired by P from the company for a consideration of an amount equal to the allocated profit net of the income tax for which the partnership is liable by virtue of section 863I of ITTOIA 2005 in respect of the allocated profit.
- (3) Terms used in this section which are also used in section 863I or 863J of ITTOIA 2005 have the same meaning as in that section.
##### 198J
- (1) This section applies if a company which is an E&A company makes a disposal of, or of the company's interest in, relevant E&A assets and that disposal is—
- (a) a disposal of, or of an interest in, a UK licence which relates to an undeveloped area, or
- (b) a disposal of an asset used in an area covered by a licence under Part 1 of the Petroleum Act 1998 or the Petroleum (Production) Act (Northern Ireland) 1964 which authorises the company to undertake E&A activities.
- (2) If—
- (a) the consideration which the company obtains for the disposal is applied by the company, within the permitted reinvestment period—
- (i) on E&A expenditure at a time when the company is an E&A company, or
- (ii) on oil assets taken into use, and used only, for the purposes of a ring fence trade carried on by it, and
- (b) the company makes a claim under this subsection in relation to the disposal,
any gain accruing to the company on the disposal is not a chargeable gain.
- (3) If part only of the amount or value of the consideration for the disposal is applied as described in subsection (2)(a)—
- (a) subsection (2) does not apply, but
- (b) subsection (4) applies if all of the amount or value of the consideration is so applied except for a part which is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal.
- (4) If the company makes a claim under this subsection in relation to the disposal, the company is to be treated for the purposes of this Act as if the amount of the gain accruing on the disposal were reduced to the amount of the part mentioned in subsection (3)(b) (and, if not all chargeable gain, with a proportionate reduction in the amount of the chargeable gain).
- (5) The incurring of expenditure is within “the permitted reinvestment period” if the expenditure is incurred in the period beginning 12 months before and ending 3 years after the disposal, or at such earlier or later time as the Commissioners for Her Majesty's Revenue and Customs may by notice allow.
- (6) Subsections (6), (7), (10) and (11) of section 152 apply for the purposes of this section as they apply for the purposes of section 152, except that—
- (a) in subsection (6) the reference to a trade is to be read as a reference to E&A activities or a ring fence trade,
- (b) in subsection (7), the reference to the old assets is to be read as a reference to the assets disposed of as mentioned in subsection (1) of this section, and
- (c) in subsection (7), the references to the trade are to be read as references to the E&A activities.
- (7) In this section—
- “*E&A activities*” means oil and gas exploration and appraisal in the United Kingdom or an area designated by Order in Council under section 1(7) of the Continental Shelf Act 1964;
- “*E&A company*” means a company which carries on E&A activities and does not carry on a ring fence trade;
- “*E&A expenditure*” means expenditure on E&A activities which is treated as such under generally accepted accounting practice;
- “*oil asset*” has the same meaning as in section 198E, and section 198I applies for the purposes of this section as it applies for the purposes of section 198E;
- “*relevant E&A assets*” means assets which—are used, and used only, for the purposes of E&A activities carried on by the company throughout the period of ownership, andare within the classes of assets listed in section 155 (with references to “the trade” in that section being read as references to the E&A activities);
- “*ring fence trade*” has the meaning given by section 277 of CTA 2010;
- “*UK licence*” means a licence within the meaning of Part 1 of the Oil Taxation Act 1975;
and a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
##### 198K
- (1) This section applies where a company for a consideration disposes of, or of an interest in, any assets at a time when it is an E&A company and declares, in the company's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied, within the permitted reinvestment period—
- (i) on E&A expenditure at a time when the company is an E&A company, or
- (ii) on expenditure on oil assets which are taken into use, and used only, for the purposes of the company's ring fence trade, and
- (b) that the company intends to make a claim under section 198J(2) or (4) in relation to the disposal.
- (2) Until the declaration ceases to have effect, section 198J applies as if the expenditure had been incurred and the person had made such a claim.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim under section 198J, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section “*the relevant day*” means the fourth anniversary of the last day of the accounting period in which the disposal took place.
- (6) For the purposes of this section—
- (a) sections (6), (10) and (11) of section 152 apply as they apply for the purposes of that section, except that in subsection (6) the reference to a trade is to be read as a reference to E&A activities or a ring fence trade, and
- (b) terms used in this section which are defined in section 198J have the meaning given by that section.
##### 198L
- (1) Section 198J applies where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning of section 170),
- (b) the E&A expenditure or expenditure on oil assets is by another company which, at the time the expenditure is incurred, is a member of the same group, and
- (c) the claim under section 198J is made by both companies,
as if both companies were the same person.
- (2) “E&A company”, “E&A expenditure” and “oil assets” have the meaning given by section 198J.
##### 225E
- (1) This section applies where a gain to which section 222 applies accrues to an individual and—
- (a) the conditions in subsection (2) are met, or
- (b) the conditions in subsection (3) are met.
- (2) The conditions mentioned in subsection (1)(a) are that at the time of the disposal—
- (a) the individual is a disabled person or a long-term resident in a care home, and
- (b) the individual does not have any other relevant right in relation to a private residence.
- (3) The conditions mentioned in subsection (1)(b) are that at the time of the disposal—
- (a) the individual's spouse or civil partner is a disabled person or a long-term resident in a care home, and
- (b) neither the individual nor the individual's spouse or civil partner has any other relevant right in relation to a private residence.
- (4) Where this section applies, the references in section 223(1) and (2)(a) to 18 months are treated as references to 36 months.
- (5) An individual is a “long-term resident” in a care home at the time of the disposal if at that time the individual —
- (a) is resident there, and
- (b) has been resident there, or can reasonably be expected to be resident there, for at least three months.
- (6) An individual has “any other relevant right in relation to a private residence” at the time of the disposal if—
- (a) at that time—
- (i) the individual owns or holds an interest in a dwelling-house or part of a dwelling-house other than that in relation to which the gain accrued, or
- (ii) the trustees of a settlement own or hold an interest in a dwelling-house or part of a dwelling-house other than that in relation to which the gain accrued, and the individual is entitled to occupy that dwelling-house or part under the terms of the settlement, and
- (b) section 222 would have applied to any gain accruing to the individual or trustees on the disposal at that time of, or of that interest in, that dwelling house or part (or would have applied if a notice under subsection (5) of that section or under section 222A had been given).
- (7) In the application of this section in relation to a gain to which section 222 applies by virtue of section 225 (private residence occupied under terms of settlement)—
- (a) the reference in subsection (1) of this section to an individual is to the trustees of the settlement;
- (b) the references in subsections (2) to (6) of this section to the individual are to the person entitled under the terms of the settlement, as mentioned in section 225.
- (8) In this section—
- “*care home*” means an establishment that provides accommodation together with nursing or personal care;
- “*disabled person*” has the meaning given by Schedule 1A to FA 2005.
### Investments in social enterprises
##### 255A
Schedule 8B to this Act (which provides relief in respect of gains re-invested in social enterprises) has effect.
##### 255B
- (1) For the purpose of determining the gain or loss on any disposal of an asset by an individual where—
- (a) an amount of SI relief is attributable to the asset, and
- (b) apart from this subsection there would be a loss,
treat the consideration given by the individual for the acquisition of the asset as reduced by the amount of the SI relief.
- (2) If—
- (a) an individual disposes of an asset,
- (b) an amount of SI relief is attributable to the asset,
- (c) the disposal takes place after the end of the 3 years beginning with the day when the individual acquired the asset, and
- (d) apart from this subsection, there would be a gain on the disposal,
the gain is not a chargeable gain, subject to section 255C.
- (3) Despite section 16(2), subsection (2) above does not apply to a disposal on which a loss accrues.
- (4) Any question as to—
- (a) which of any assets acquired by an individual at different times a disposal relates to, being assets to which SI relief is attributable, or
- (b) whether a disposal relates to assets to which SI relief is attributable or to other assets,
is to be determined for the purposes of capital gains tax as provided by section 257TA of ITA 2007.
- (5) Chapter 1 of this Part has effect subject to subsection (4).
- (6) Sections 104, 105 and 106A do not apply to assets to which SI relief is attributable.
- (7) There are to be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of SI relief being given or withdrawn.
- (8) In this section and sections 255C to 255E “*SI relief*” means relief under Part 5B of ITA 2007 (income tax relief for investments in social enterprises).
- (9) That Part applies for the purposes of this section and sections 255C to 255E to determine whether SI relief is attributable to any asset and, if so, the amount of SI relief so attributable.
##### 255C
- (1) Subsection (2) applies if—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 257T of ITA 2007 (spouses or civil partners) as reduced) for any tax year under section 257JA of ITA 2007 (SI relief) in respect of the acquisition of an asset,
- (b) the amount of the reduction (“D”) is less than the amount given by—
$$I × R$where—I is the amount on which the individual has SI relief in the case of the asset, andR is the SI rate for the tax year for which the SI relief was obtained, and$
- (c) D is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007.
- (2) If the individual disposes of the asset and there is a gain on the disposal, section 255B(2) has effect in relation to the gain as if it were reduced by multiplying it by—
$D I × R$
- (3) In this section “*SI rate*” has the meaning given by section 257JA(5) of ITA 2007.
##### 255D
- (1) Subsection (2) applies if before a disposal of an asset—
- (a) value is received in circumstances where SI relief attributable to the asset is reduced by an amount under section 257Q(1)(a) of ITA 2007, or
- (b) there is a repayment, redemption, repurchase or payment in circumstances where SI relief attributable to the asset is reduced by an amount under section 257QJ(2)(a) of ITA 2007, or
- (c) paragraphs (a) and (b) both apply.
- (2) If section 255B(2) applies on the disposal but section 255C does not, section 255B(2) applies only to so much of the gain as remains after deducting so much of it as is found by multiplying it by the fraction—
$$A B$where—A is equal to the amount by which the SI relief given in respect of the asset is reduced as mentioned in subsection (1) above, andB is equal to the amount of the SI relief given in respect of the asset.$
- (3) If sections 255B(2) and 255C apply on the disposal, section 255B(2) applies only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 255C, and
- (b) deducting from that part so much of it as is found by multiplying it by the fraction mentioned in subsection (2).
- (4) If the SI relief given in respect of the asset is reduced as mentioned in subsection (1) by more than one amount, the amount referred to as A in subsection (2) is to be taken to be equal to the aggregate of those amounts.
- (5) The amount referred to in subsection (2) as B is to be found without regard to any reduction mentioned in subsection (1).
##### 255E
- (1) Subsection (2) applies if an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds—
- (a) shares to which SI relief is attributable and to which subsection (3) applies,
- (b) shares to which SI relief is attributable and to which subsection (3) does not apply, and
- (c) shares to which SI relief is not attributable and to which subsection (3) does not apply.
- (2) If there is a reorganisation within the meaning of section 126 affecting the shares listed in subsection (1), section 127 applies separately to those shares so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding.
- (3) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 8B to this Act against the whole or part of any gain, and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (4) If—
- (a) an individual holds shares (“the existing holding”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, SI relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 do not apply in relation to the existing holding.
- (5) Subject to subsection (6), sections 135 and 136 do not apply in respect of shares to which SI relief is attributable.
- (6) Subsection (5) does not have effect to disapply section 135 or 136 in a case where the original shares are shares to which SI relief is attributable if—
- (a) the new holding consists of new ordinary shares which meet conditions A and B of section 257L of ITA 2007,
- (b) the new shares are issued after the end of three years beginning with the day on which the original shares were acquired,
- (c) before issuing the new shares, the company had issued shares which met conditions A and B of section 257L of ITA 2007, and
- (d) the company issued a compliance certificate in relation to those earlier shares for the purposes of section 257PA(1) of ITA 2007 and in accordance with sections 257PB and 257PC of ITA 2007.
- (7) In subsection (6) “*new holding*” is to be construed in accordance with sections 126, 127, 135 and 136.
- (8) In this section—
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital.
#### Interpretation of Chapter
#### Application of section 255B(2) where SI relief has been reduced
#### Charities.
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
#### Provisions supplementary to section 279A
## SCHEDULE 8B
### When does the Schedule apply?
##### 1
- (1) This Schedule applies if—
- (a) a chargeable gain accrues to an individual (“the investor”),
- (b) the investor acquires one or more assets (“the social holding”),
- (c) the investor is eligible for SI relief under Part 5B of ITA 2007 in respect of the consideration given for the social holding, and
- (d) conditions A, B, C, D and E are met.
- (2) Condition A is that the gain is one that accrues—
- (a) on the disposal by the investor of an asset,
- (b) in accordance with section 169N (but see sub-paragraph (7)), or
- (c) as a result of the operation of paragraph 5 in connection with a chargeable event within paragraph 6(1)(c) or (d).
- (3) Condition B is that the gain is one that accrues—
- (a) on or after 6 April 2014, and
- (b) before 6 April 2019 (but see sub-paragraph (8)).
- (4) Condition C is that the investor is resident in the United Kingdom—
- (a) when the gain accrues, and
- (b) when the social holding is acquired.
- (5) Condition D is that the social holding is acquired by the investor on the investor's own behalf.
- (6) Condition E is that the social holding is acquired—
- (a) in the 3 years beginning with the day when the gain accrues, or
- (b) in the year that ends at the beginning of that day.
- (7) The reference in sub-paragraph (2)(b) to a gain accruing in accordance with section 169N does not include such a gain so far as it is chargeable to capital gains tax at the rate in section 169N(3) (rate where entrepreneurs' relief is available).
- (8) The Treasury may by order substitute a later date for the date for the time being specified in sub-paragraph (3)(b).
##### 2
- (1) This Schedule also applies if—
- (a) a chargeable gain accrues to an individual (“the investor”),
- (b) the gain accrues as a result of the operation of paragraph 5 in connection with a chargeable event within paragraph 6(1)(a), (b) or (c),
- (c) the chargeable event is either—
- (i) a disposal to a social enterprise of shares in or debentures of the social enterprise, or
- (ii) the cancellation, extinguishment, redemption or repayment by a social enterprise of shares in or debentures of the social enterprise,
- (d) as part of the chargeable event or in connection with it, and in place of the shares or debentures, the investor acquires one or more assets (“the social holding”) from the social enterprise,
- (e) other than the investor's ceasing to hold the shares or debentures, no detriment is suffered in return for the acquisition of the social holding,
- (f) the asset acquired, or each of the assets acquired, is a share in or debenture of the social enterprise,
- (g) but for section 257LA of ITA 2007 (consideration for acquisition must be wholly in cash and fully paid) the investor would be eligible for SI relief under Part 5B of ITA 2007 in respect of the consideration given for the social holding, and
- (h) conditions F, G, H and J are met.
- (2) Condition F is that the gain is one that accrues—
- (a) on or after 6 April 2014, and
- (b) before 6 April 2019 (but see sub-paragraph (6)).
- (3) Condition G is that the investor is resident in the United Kingdom—
- (a) when the gain accrues, and
- (b) when the social holding is acquired.
- (4) Condition H is that the social holding is acquired by the investor on the investor's own behalf.
- (5) Condition J is that the social holding is acquired—
- (a) in the 3 years beginning with the day when the gain accrues, or
- (b) in the year that ends at the beginning of that day.
- (6) The Treasury may by order substitute a later date for the date for the time being specified in sub-paragraph (2)(b).
- (7) In this paragraph “*debenture*” includes any instrument creating or acknowledging indebtedness.
- (8) A reference in this paragraph to a social enterprise is a reference to a body that is a social enterprise for the purposes of Part 5B of ITA 2007 (see section 257J of that Act).
### Interpretation of Schedule
##### 3
- (1) In the following provisions of this Schedule—
- “*the amount invested*” means, in a case where this Schedule applies because of paragraph 1, the consideration mentioned in paragraph 1(1)(c),
- “*the investor*” means the individual mentioned in paragraph 1(1)(a) or, as the case may be, paragraph 2(1)(a),
- “*the original gain*” means the chargeable gain mentioned in paragraph 1(1)(a) or, as the case may be, paragraph 2(1)(a), and
- “*the social holding*” means the asset or assets mentioned in paragraph 1(1)(b) or, as the case may be, paragraph 2(1)(d).
- (2) In this Schedule, a “disposal within marriage or civil partnership” is a disposal to which section 58 (certain disposals between spouses or civil partners) applies.
### Claim to hold gain over while invested in a social enterprise
##### 4
- (1) The investor may make a claim for the original gain to be reduced—
- (a) in a case within paragraph 1, by the amount invested, or by a part of that amount specified in the claim, or
- (b) in a case within paragraph 2, to the extent specified in the claim,
but, in either case, subject as follows.
- (2) The reduction may not be more than the original gain or, if the original gain has already been reduced under one or more of the listed provisions, the reduction may not be more than the reduced gain.
- (3) In a case within paragraph 1, the claim may not relate to any part of the amount invested that under any of the listed provisions has already been set against a chargeable gain.
- (4) The “listed provisions” are—
- (a) sub-paragraph (1),
- (b) Schedule 5B, and
- (c) paragraph 1(5) of Schedule 5BB.
- (5) The total of all reductions claimed by the investor under sub-paragraph (1) in any tax year must not be more than £1,000,000.
- (6) If there is relief by way of a reduction under sub-paragraph (1) then, for the purposes of this Schedule, that relief—
- (a) is attributable to the asset or assets that form the social holding, but
- (b) ceases to be attributable to any particular asset, or to any particular part of a particular asset, when—
- (i) a chargeable event occurs in relation to that asset or part, or
- (ii) the person holding the asset or part dies.
### Held-over gain treated as accruing on disposal etc of the qualifying investment
##### 5
- (1) This paragraph applies if there has been a reduction under paragraph 4(1).
- (2) A chargeable gain equal to the amount of the reduction is treated as accruing when a chargeable event occurs in relation to the social holding without any chargeable event having previously occurred in relation to any of the holding.
- (3) When a chargeable event occurs in relation to part only of the social holding without any chargeable event having previously occurred in relation to any of that part, a chargeable gain calculated in accordance with sub-paragraph (4) is treated as accruing.
- (4) The calculation is—
- *Step 1* Subtract from the amount of the reduction any chargeable gains previously treated as accruing as a result of the operation of sub-paragraph (3).
- *Step 2* Attribute a proportionate part of the amount calculated at Step 1 to each part of the social holding held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any part of the holding from the investor on a disposal within marriage or civil partnership.
- *Step 3* The amount attributed at Step 2 to the part of the social holding in relation to which that chargeable event occurs is the chargeable gain treated as accruing as a result of the operation of subparagraph (3) on the occurrence of that event.
### Chargeable events
##### 6
- (1) A chargeable event occurs in relation to an asset that forms the whole or any part of the social holding if (after the acquisition of the holding)—
- (a) the investor disposes of the asset otherwise than by way of a disposal within marriage or civil partnership,
- (b) the asset is disposed of, otherwise than by way of a disposal to the investor, by a person who acquired the asset on a disposal made within marriage or civil partnership,
- (c) the asset is cancelled, extinguished, redeemed or repaid, or
- (d) any of the conditions in Chapters 3 and 4 of Part 5B of ITA 2007 for the investor's eligibility for SI relief under that Part in respect of the amount invested fails to be met.
In this sub-paragraph “*asset*” includes part of an asset.
- (2) In the event of the death of—
- (a) the investor, or
- (b) a person who, on a disposal within marriage or civil partnership, has acquired the whole or any part of the social holding,
nothing which occurs at or after the time of death is a chargeable event in relation to any part of the holding held by the deceased person immediately before the time of death.
- (3) If a person makes a disposal of assets of a particular class while retaining other assets of that class—
- (a) assets of that class acquired by the person on an earlier day are treated for the purposes of this Schedule as disposed of before assets of that class acquired by the person on a later day, and
- (b) assets of that class acquired by the person on the same day are treated for the purposes of this Schedule as disposed of in the following order—
- (i) first, any to which neither relief under this Schedule, nor SI relief under Part 5B of ITA 2007, is attributable,
- (ii) next, any to which relief under this Schedule, but not SI relief under that Part, is attributable,
- (iii) next, any to which SI relief under that Part, but not relief under this Schedule, is attributable, and
- (iv) finally, any to which both SI relief under that Part, and relief under this Schedule, are attributable.
- (4) For the purposes of sub-paragraph (3), assets—
- (a) to which relief under this Schedule is attributable, and
- (b) which have not been held continuously by the investor since the social holding was acquired,
are treated as having been acquired when the social holding was acquired if SI relief under Part 5B of ITA 2007 is not also attributable to them.
- (5) For the purposes of sub-paragraph (3), assets—
- (a) to which SI relief under Part 5B of ITA 2007 is attributable, and
- (b) which were transferred to an individual as mentioned in section 257T of ITA 2007 (transfers between spouses or civil partners),
are treated as having been acquired when the social holding was acquired.
- (6) Chapter 1 of Part 4 of this Act has effect subject to sub-paragraphs (3) to (5).
- (7) Sections 104, 105 and 106A do not apply to assets to which relief under this Schedule is attributable if SI relief under Part 5B of ITA 2007 is not also attributable to them.
- (8) Where, at the time of a chargeable event, an asset that formed the whole or any part of the social holding is treated for the purposes of this Act as represented by assets which consist of or include assets other than that asset—
- (a) so much of the original gain as is attributable to the asset is treated, in determining for the purposes of this paragraph the amount of the original gain to be treated as attributable to each of those assets, as apportioned in such manner as may be just and reasonable between those assets, and
- (b) as between different assets treated as representing the same asset, sub-paragraphs (3) to (5) apply with the necessary modifications in relation to those assets as they would apply in relation to the asset.
- (9) In order to determine, for the purposes of sub-paragraph (8), the amount of the original gain attributable to any asset, a proportionate part of the amount of the original gain is to be attributed to each asset that forms the whole or any part of so much of the social holding as is held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any part of the social holding from the investor on a disposal within marriage or civil partnership.
- (10) In subsections (8) and (9) references to the original gain are to so much of the original gain as remains after deduction from it of the amount of any chargeable gain treated as accruing as a result of the previous operation of paragraph 5.
### Person to whom held-over gain is treated as accruing
##### 7
- (1) This paragraph applies where a chargeable gain is treated as accruing as a result of the operation of paragraph 5.
- (2) If the chargeable event is a disposal, that chargeable gain is treated as accruing to the person who makes the disposal.
- (3) If the chargeable event occurs—
- (a) when an asset, or part of an asset, is cancelled, extinguished, redeemed or repaid, or
- (b) when a condition, for eligibility for relief in respect of the consideration given for the acquisition of an asset, fails to be met,
that chargeable gain is treated as accruing to the person who holds the asset, or part, when the chargeable event occurs.
### Claims: procedure
##### 8
- (1) Sections 257P(1), 257PA(1) and 257PB to 257PD of ITA 2007—
- (a) apply in relation to a claim under this Schedule in respect of the social holding as they apply in relation to a claim under Part 5B to ITA 2007 in respect of an investment, and
- (b) as they so apply, have effect as if any reference to the requirements for relief under that Part were a reference to the conditions for the application of this Schedule.
- (2) In section 257PE(2) of ITA 2007 (power to make consequential amendments etc when amending provision about claims for SI relief) “*enactment*” includes (in particular) sub-paragraph (1).
### UK residential property: non-resident CGT
#### Meaning of “disposal of a UK residential property interest”
##### 14B
- (1) For the purposes of this Act a disposal made by a person is a “non-resident CGT disposal” if—
- (a) it is a disposal of a UK residential property interest, and
- (b) condition A or B is met.
But see also subsection (5).
- (2) Condition A is—
- (a) in the case of an individual, that the individual is not resident in the United Kingdom for the tax year in question (see subsection (3)),
- (b) in the case of personal representatives of a deceased person, that the single and continuing body mentioned in section 62(3) is not resident in the United Kingdom,
- (c) in the case of the trustees of a settlement, that the single person mentioned in section 69(1) is not resident in the United Kingdom during any part of the tax year in question, and
- (d) in any other case, that the person is not resident in the United Kingdom at the relevant time.
- (3) In subsection (2)—
- (a) “*the tax year in question*” means the tax year in which any gain on the disposal accrues (or would accrue were there to be such a gain);
- (b) “*the relevant time*” means the time at which any gain on the disposal accrues (or would accrue were there to be such a gain).
- (4) Condition B is that—
- (a) the person is an individual, and
- (b) any gain accruing to the individual on the disposal would accrue in the overseas part of a tax year which is a split year as respects the individual.
- (5) A disposal by a person of a UK residential property interest is not a non-resident CGT disposal so far as any chargeable gains accruing to the person on the disposal—
- (a) would be gains in respect of which the person would be chargeable to capital gains tax—
- (i) under section 10(1) (non-resident with UK branch or agency), or
- (ii) under section 2 as a result of subsection (1C) of that section (corresponding provision relating to the overseas part of a split year), or
- (b) would be gains forming part of the person's chargeable profits for corporation tax purposes by virtue of section 10B (non-resident company with UK permanent establishment).
##### 14C
Schedule B1 gives the meaning in this Act of “disposal of a UK residential property interest”.
##### 14D
- (1) A person is chargeable to capital gains tax in respect of any chargeable NRCGT gain accruing to the person in the tax year on a non-resident CGT disposal.
See also section 188D(1).
- (2) Capital gains tax is charged on the total amount of chargeable NRCGT gains accruing to the person in the tax year, after deducting—
- (a) any allowable losses accruing to the person in the tax year on disposals of UK residential property interests, and
- (b) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable losses accruing to the person in any previous tax year (not earlier than the tax year 1965-66) on disposals of UK residential property interests.
- (3) In subsection (2), the reference to chargeable NRCGT gains does not include any such gains which accrue to a member of an NRCGT group.
- (4) The only deductions that can be made from chargeable NRCGT gains to which subsection (2) applies are those permitted by this section.
This is subject to section 62(2AA) (carry-back of losses accruing in year of death).
- (5) See section 57B and Schedule 4ZZB for how to determine—
- (a) whether an NRCGT gain (or loss) accrues on a non-resident CGT disposal, and
- (b) the amount of any NRCGT gain (or loss) so accruing.
##### 14E
- (1) Subsections (2) to (4) apply in relation to an allowable NRCGT loss accruing to a person in a tax year on a non-resident CGT disposal.
- (2) The loss is not allowable as a deduction from chargeable gains accruing in any earlier tax year.
This is subject to section 62(2) and (2AA) (carry-back of losses accruing in year of death).
- (3) Relief is not to be given under this Act more than once in respect of the loss or any part of the loss.
- (4) Relief is not to be given under this Act in respect of the loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
##### 14F
- (1) A person is not chargeable to capital gains tax under section 14D in respect of a chargeable NRCGT gain accruing to the person on a non-resident CGT disposal if the person—
- (a) is an eligible person in relation to the disposal, and
- (b) makes a claim under this section with respect to the disposal.
- (2) A diversely-held company which makes a non-resident CGT disposal is an eligible person in relation to the disposal.
- (3) A scheme (see subsection (7)) which makes a non-resident CGT disposal is an eligible person in relation to the disposal if condition A or B is met.
- (4) Condition A is that the scheme is a widely-marketed scheme throughout the relevant ownership period.
- (5) Condition B is that—
- (a) an investor in the scheme is an offshore fund, an open-ended investment company or an authorised unit trust (“*the feeder fund*”),
- (b) the scheme is a widely-marketed scheme throughout the alternative period, after taking into account—
- (i) the scheme documents relating to the feeder fund, and
- (ii) the intended investors in the feeder fund, and
- (c) the scheme and the feeder fund have the same manager.
- (6) A company carrying on life assurance business (as defined in section 56 of the Finance Act 2012) which makes a non-resident CGT disposal is an eligible person if immediately before the time of the disposal the interest in UK land which is the subject of that disposal is held for the purpose of providing benefits to policyholders in the course of that business.
- (7) In this section “*scheme*” means any of the following—
- (a) a unit trust scheme;
- (b) a company which is an open-ended investment company incorporated by virtue of regulations under section 262 of the Financial Services and Markets Act 2000;
- (c) a company incorporated under the law of a territory outside the United Kingdom which is, under that law, the equivalent of an open-ended investment company.
- (8) In this section “*the relevant ownership period*”, in relation to a scheme, means—
- (a) the period beginning with the day on which the scheme acquired the interest in UK land which (or part of which) is the subject of the non-resident CGT disposal and ending with the day on which that disposal occurs, or
- (b) if shorter, the period of 5 years ending with the day on which that disposal occurs.
- (9) For the purposes of subsection (5), the “*alternative period*”, in relation to a scheme, is the shorter of—
- (a) the relevant ownership period, and
- (b) the period beginning when the feeder fund first became an investor in the scheme and ending with the date of the disposal.
- (10) In this section—
- “*diversely-held company*” means a company which is not a closely-held company;
- “*interest in UK land*” has the same meaning as in Schedule B1;
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act).
- (11) In Schedule C1—
- (a) Part 1 sets out the rules for determining whether or not a company is a closely-held company;
- (b) Part 2 sets out how to determine whether or not a scheme is a widely-marketed scheme at any time.
##### 14G
- (1) This section applies where a company which makes a non-resident CGT disposal—
- (a) is a divided company, and
- (b) would, without this section, be an eligible person for the purposes of section 14F in relation to the disposal.
- (2) In determining for the purposes of section 14F whether or not the company is an eligible company in relation to the disposal, the company is to be treated as if it were a closely-held company if the conditions in subsection (3) are met.
- (3) The conditions are that—
- (a) the gain or loss accruing on the disposal is primarily or wholly attributable to a particular division of the company, and
- (b) if that division were a separate company, that separate company would be a closely-held company.
- (4) For the purposes of this section a company is a “divided company” if, under the law under which the company is formed, under the company's articles of association or other document regulating the company or under arrangements entered into by or in relation to the company—
- (a) some or all of the assets of the company are available primarily, or only, to meet particular liabilities of the company, and
- (b) some or all of the members of the company, and some or all of its creditors, have rights primarily, or only, in relation to particular assets of the company.
- (5) References in this section to a “division” of a divided company are to an identifiable part of the company that carries on distinct business activities and to which particular assets and liabilities of the company are primarily or wholly attributable.
##### 14H
- (1) Subsection (2) applies where—
- (a) arrangements are entered into, and
- (b) the main purpose, or one of the main purposes, of any party entering into them (or any part of them) is to avoid capital gains tax being charged under section 14D as a result of a person not being an eligible person in relation to the disposal by virtue of subsection (2) (diversely-held companies) or, as the case may be, subsection (3) (widely-marketed schemes) of section 14F (persons not chargeable under section 14D if a claim is made).
- (2) The arrangements (or that part of the arrangements) are to be disregarded in determining whether or not the company is an eligible person by virtue of that subsection.
- (3) In this section “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
##### 25ZA
- (1) This section applies if, ignoring subsections (3) and (4)—
- (a) a gain or loss would accrue to a person on a disposal of a UK residential property interest deemed to have been made by virtue of section 25(3), and
- (b) on the assumptions in subsection (2), that gain or loss would be an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D (see section 57B and Schedule 4ZZB).
- (2) The assumptions are—
- (a) the disposal is a non-resident CGT disposal, and
- (b) if the person is a company, any claim which the company could make under section 14F is made.
- (3) No gain or loss accrues to the person on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the person were it not for subsection (3)—
- (a) is deemed to accrue to the person (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) A person may make an election for subsections (3) and (4) not to apply in relation to the disposal mentioned in subsection (1)(a).
- (6) If the person is a company, such an election must be made within 2 years after the day on which the company ceases to carry on a trade in the United Kingdom through a branch or agency.
- (7) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 48A
- (1) This section applies where—
- (a) a person (“P”) has made a non-resident CGT disposal in relation to which there accrued to P an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D or 188D (“the original disposal”),
- (b) P acquired a right as the whole or part of the consideration for that disposal,
- (c) on P's acquisition of the right, there was no corresponding disposal of it, and
- (d) the right is a right to unascertainable consideration (see subsections (4) to (6)).
- (2) If P subsequently receives consideration (“the ascertained consideration”) representing the whole or part of the consideration referred to in subsection (1)(d) and condition A in section 14B would have been met in relation to the original disposal had a gain on that disposal accrued at the time of the receipt of the ascertained consideration—
- (a) the ascertained consideration is treated as not accruing on the disposal of the right,
- (b) the costs of P's acquisition of the right (or, in the case of a part disposal of the right, those costs so far as referable to the part disposed of) are taken to be nil, and
- (c) the following steps are taken.
- *Step 1* Any amount by which the ascertained consideration exceeds the relevant original consideration is treated as consideration (or further consideration) accruing on the original disposal. If the relevant original consideration exceeds the ascertained consideration, the consideration accruing on the original disposal is treated as reduced by the amount of the excess.
- *Step 2* Compute the difference that the adjustment under step 1 makes to what (if any) NRCGT gain or loss, ATED-related gain or loss or other gain or loss accrues on the original disposal (computing this separately for each type of gain or loss). The difference is “positive” if a loss is decreased (to nil or otherwise) or a gain created or increased. The difference is “negative” if a gain is reduced (to nil or otherwise) or a loss created or increased.
- *Step 3* Any positive amount computed under step 2 is treated for the purposes of this Act and the Management Act as a gain (of the type appropriate to the computation) accruing to P at the time of the receipt of the ascertained consideration. Any negative amount computed under step 2 is treated for the purposes of this Act and the Management Act as a loss (of the type appropriate to the computation) accruing to P at the time of the receipt of the ascertained consideration.
- (3) In step 1 in subsection (2), “*the relevant original consideration*” means the consideration accruing on the original disposal, so far as referable to the right mentioned in subsection (1)(b) (or, in the case of a part disposal of the right, referable to the part disposed of).
- (4) A right is a right to unascertainable consideration if, and only if—
- (a) it is a right to consideration the amount or value of which is unascertainable at the time when the right is conferred, and
- (b) that amount or value is unascertainable at that time on account of its being referable, in whole or in part, to matters which are uncertain at that time because they have not yet occurred.
This subsection is subject to subsections (5) and (6).
- (5) The amount or value of any consideration is not to be regarded as being unascertainable by reason only—
- (a) that the right to receive the whole or any part of the consideration is postponed or contingent, if the consideration or, as the case may be, that part of it is, in accordance with section 48, brought into account in the computation of the gain accruing to a person on the disposal of an asset, or
- (b) in a case where the right to receive the whole or any part of the consideration is postponed and is to be, or may be, to any extent satisfied by the receipt of property of one description or property of some other description, that some person has a right to select the property, or the description of property, that is to be received.
- (6) A right is not to be taken to be a right to unascertainable consideration by reason only that either the amount or the value of the consideration has not been fixed, if—
- (a) the amount will be fixed by reference to the value, and the value is ascertainable, or
- (b) the value will be fixed by reference to the amount, and the amount is ascertainable.
### Chapter 6 — Computation of gains and losses: non-resident CGT disposals
##### 57B
- (1) Schedule 4ZZB makes provision about the computation of—
- (a) NRCGT gains or losses, and
- (b) other gains or losses,
on non-resident CGT disposals.
- (2) For further provision about non-resident CGT disposals and NRCGT gains and losses see sections 14B to 14H and 188D and 188E.
##### 80A
- (1) Subsection (2) applies if, ignoring subsections (2) to (4)—
- (a) a gain or loss would accrue to the trustees of a settlement on a disposal of a UK residential property interest deemed to have been made by virtue of section 80(2), and
- (b) on the assumption that the disposal is a non-resident CGT disposal, that gain or loss would be a chargeable NRCGT gain or an allowable NRCGT loss (see section 57B and Schedule 4ZZB).
- (2) The trustees may elect for subsections (3) and (4) to have effect.
- (3) No gain or loss accrues to the trustees on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the trustees were it not for subsection (3)—
- (a) is deemed to accrue to the trustees (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as a chargeable NRCGT gain or an allowable NRCGT loss accruing on a non-resident CGT disposal.
- (5) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 159A
- (1) Section 152 does not apply in relation to a person who would (apart from that section) be chargeable to capital gains tax under section 14D or 188D in respect of NRCGT gains accruing on the disposal of the old assets, unless the new assets are qualifying residential property interests immediately after the time they are acquired.
- (2) For the purposes of this section an asset is a “qualifying residential property interest” at any time if it—
- (a) is an interest in UK land, and
- (b) consists of or includes a dwelling.
- (3) In this section—
- (a) “*dwelling*” has the meaning given by paragraph 4 of Schedule B1;
- (b) “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1;
- (c) “*the old assets*” and “*the new assets*” have the same meaning as in section 152;
- (d) the reference to disposal of the old assets includes a reference to disposal of an interest in them;
- (e) the reference to acquisition of the new assets includes a reference to acquisition of an interest in them or entering into an unconditional contract for the acquisition of them.
##### 167A
- (1) This section applies where the disposal in relation to which a claim could be made under section 165 is a disposal of a UK residential property interest to a transferee who is not resident in the United Kingdom and, ignoring section 165—
- (a) a gain would accrue to the transferor on the disposal, and
- (b) on the assumption that the disposal is a non-resident CGT disposal (whether or not that is the case), that gain would be a chargeable NRCGT gain (see section 57B and Schedule 4ZZB).
- (2) Section 165(4) has effect in relation to the disposal as if it read—
> (4) Where a claim for relief is made under this section in respect of the disposal, the amount of any chargeable gain which, apart from this section, would accrue to the transferor on the disposal, shall be reduced by an amount equal to the held-over gain on the disposal.
- (3) Where the disposal is a non-resident CGT disposal—
- (a) section 165(4), as modified by subsection (2) of this section, has effect in relation to the disposal as if the reference to “chargeable gain” were a reference to “chargeable NRCGT gain”,
- (b) section 165(6) has effect in relation to the disposal as if the references to “chargeable gain” were references to “chargeable NRCGT gain”, and
- (c) section 165(7) has effect in relation to the disposal as if the reference to “the excess referred to in paragraph (b) above” were a reference to “the chargeable NRCGT gain which, ignoring this section and section 17(1), would accrue to the transferor on the disposal”.
- (4) Where a claim for relief is made under section 165 in relation to the disposal mentioned in subsection (1), on a subsequent disposal by the transferee of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1), the whole or a corresponding part of the held-over gain (see section 165(6))—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) Where the subsequent disposal mentioned in subsection (4) is (or proves to be) a chargeable transfer for inheritance tax purposes, section 165(10) has effect in relation to the disposal as if—
- (a) the reference to “the chargeable gain accruing to the transferee on the disposal of the asset” were a reference to the chargeable gain accruing on the disposal as computed apart from subsection (4), and
- (b) the reference in section 165(10)(b) to “the chargeable gain” were a reference to—
- (i) the chargeable gain chargeable to capital gains tax by virtue of any provision of this Act accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 168A
- (1) Subsection (2) applies if, ignoring subsections (2) to (4)—
- (a) a gain would accrue to a transferee on a disposal of a UK residential property interest deemed to have been made by virtue of section 168(1), and
- (b) on the assumption that the disposal is a non-resident CGT disposal, that gain would be an NRCGT gain chargeable to capital gains tax by virtue of section 14D (see section 57B and Schedule 4ZZB).
- (2) The transferee may elect for subsections (3) and (4) to have effect.
- (3) The held-over gain (within the meaning of section 165 or 260) does not accrue to the transferee on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the held-over gain which would have accrued to the transferee were it not for subsection (3)—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
##### 169LA
- (1) Subsection (4) applies if—
- (a) as part of a qualifying business disposal, a person (“P”) disposes of goodwill directly or indirectly to a close company (“C”),
- (b) at the time of the disposal, P is a related party in relation to C, and
- (c) P is not a retiring partner.
- (2) P is a related party in relation to C for the purposes of this section if P is a related party in relation to C for the purposes of Part 8 of CTA 2009 (intangible fixed assets) (see Chapter 12 of that Part (related parties) and, in particular, section 835(5) of that Act).
- (3) P is a retiring partner if the goodwill is goodwill in a business carried on, immediately before the disposal, by a partnership of which P is a member and at the time of the disposal—
- (a) P is not, and no arrangements exist under which P could become, a participator in C or in a company that has control of, or holds a major interest in, C (a “relevant participator”),
- (b) P is a related party in relation to C because P is an associate of one or more relevant participators, and
- (c) P is only an associate of each of those relevant participators because they are also members of the partnership.
- (4) For the purposes of this Chapter, the goodwill is not one of the relevant business assets comprised in the qualifying business disposal.
- (5) If a company—
- (a) is not resident in the United Kingdom, but
- (b) would be a close company if it were resident in the United Kingdom,
the company is to be treated as being a close company for the purposes of this section (including for the purposes of determining whether a person is a related party in relation to the company for the purposes of this section).
- (6) If a person—
- (a) disposes of goodwill as part of a qualifying business disposal, and
- (b) is party to relevant avoidance arrangements,
subsection (4) applies (if it would not otherwise do so).
- (7) In subsection (6) “*relevant avoidance arrangements*” means arrangements the main purpose, or one of the main purposes, of which is to secure—
- (a) that subsection (4) does not apply in relation to the goodwill, or
- (b) that the person is not a related party (for whatever purposes) in relation to a company to which the disposal of goodwill is directly or indirectly made.
- (8) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*associate*”, “*control*”, “*major interest*” and “*participator*” have the same meaning as in Chapter 12 of Part 8 of CTA 2009 (see, in particular, sections 836, 837 and 841 of that Act).
### Chapter 4 — Entrepreneurs' relief where held-over gains become chargeable
##### 169T
This Chapter makes provision about claiming entrepreneurs' relief in certain cases where, in relation to held-over gains that originally arose on a business disposal, there is a chargeable event for the purposes of Schedule 5B or 8B (relief for gains invested under the enterprise investment scheme or in social enterprises).
##### 169U
- (1) Section 169V applies if, ignoring the operation of section 169V(2)(b), each of the following conditions is met.
- (2) The first condition is that a chargeable gain (“the first eventual gain”) accrues as a result of the operation of—
- paragraph 4 of Schedule 5B (enterprise investment scheme), or
- paragraph 5 of Schedule 8B (investments in social enterprises).
- (3) If the first condition is met, the paragraph and Schedule mentioned in subsection (2) that apply in the case are referred to in this section, and section 169V, as “the relevant paragraph” and “the applicable Schedule”.
- (4) The second condition is—
- (a) that the first eventual gain accrues in a case in which the original gain would, but for the operation of the applicable Schedule, have accrued on a relevant business disposal, or
- (b) where the first eventual gain accrues in a case in which the original gain would, but for the operation of the applicable Schedule, have accrued as a result of the operation of either of the paragraphs mentioned in subsection (2), that the underlying disposal is a relevant business disposal.
- (5) The third condition is that a claim for entrepreneurs' relief in respect of the first eventual gain is made, on or before the first anniversary of the 31 January following the tax year in which the first eventual gain accrues, by the individual who made the disposal mentioned in subsection (4)(a) or (b).
- (6) The fourth condition is that the first eventual gain is the first gain to accrue in the case as a result of the operation of the relevant paragraph.
- (7) In subsection (4) “*the underlying disposal*” means the disposal (not being a disposal within paragraph 3 of Schedule 5B or paragraph 6 of Schedule 8B) by virtue of which Schedule 5B or 8B has effect.
- (8) For the purposes of subsection (4), whether the disposal on which the original gain would have accrued is a relevant business disposal, or whether the underlying disposal is a relevant business disposal, is to be decided according to the law applicable to disposals made at the time the disposal was made.
- (9) In this section—
- “*the original gain*”, in relation to a particular case, has the same meaning as in the applicable Schedule,
- “*relevant business asset*” has the meaning given by section 169L, and
- “*relevant business disposal*” means—a disposal—within section 169H(2)(a) or (c) (qualifying business disposals), andconsisting of the disposal of (or of interests in) shares in or securities of a company, ora disposal of relevant business assets which is comprised in a disposal—within section 169H(2)(a) or (c), andnot consisting of the disposal of (or of interests in) shares in or securities of a company.
##### 169V
- (1) Where this section applies, the following rules have effect.
- (2) The gain mentioned in section 169U(2) (“the first eventual gain”)—
- (a) is treated for ER purposes as the amount resulting from a calculation under section 169N(1) carried out—
- (i) in respect of a qualifying business disposal made when the first eventual gain accrues, and
- (ii) because of the claim mentioned in section 169U(5), and
- (b) except for ER purposes, is not to be taken into account under this Act as a chargeable gain.
- (3) If the first eventual gain is a part only of the original gain in the case concerned, each part of the original gain that subsequently accrues as a chargeable gain as a result of the operation of the relevant paragraph—
- (a) is treated for ER purposes as the amount resulting from a calculation under section 169N(1) carried out—
- (i) in respect of a qualifying business disposal made when that chargeable gain so accrues, and
- (ii) because of the claim mentioned in section 169U(5), and
- (b) except for ER purposes, is not to be taken into account under this Act as a chargeable gain.
- (4) If the disposal mentioned in paragraph (a) or (b) of section 169U(4) is a disposal within section 169H(2)(c) (qualifying business disposal: disposal associated with a relevant material disposal)—
- (a) a disposal mentioned in subsection (2) or (3) of this section is treated for the purposes of section 169P(1) as a disposal associated with a relevant material disposal, but
- (b) section 169P applies in relation to that disposal as if the disposal referred to in section 169P(4) were the disposal mentioned in section 169U(4)(a) or (b).
- (5) In this section “*ER purposes*” means the purposes of—
- (a) section 169N(2) to (4B), (7) and (8), and
- (b) section 169P.
##### 187B
- (1) This section applies if, ignoring subsections (3) and (4)—
- (a) a gain or loss would accrue to a company on a disposal of a UK residential property interest deemed to have been made by virtue of section 185(2), and
- (b) on the assumptions in subsection (2), that gain or loss would be an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D or 188D (see section 57B and Schedule 4ZZB).
- (2) The assumptions are that—
- (a) the disposal is a non-resident CGT disposal, and
- (b) any claim which the company could make under section 14F is made.
- (3) No gain or loss accrues to the company on that disposal.
- (4) But, on a subsequent disposal of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1)(a), the whole or a corresponding part of the gain or loss which would have accrued to the company were it not for subsection (3)—
- (a) is deemed to accrue to the company (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as an NRCGT gain chargeable to, or an NRCGT loss allowable for the purposes of, capital gains tax by virtue of section 14D accruing on a non-resident CGT disposal.
- (5) A company may make an election for subsections (3) and (4) not to apply in relation to the disposal mentioned in subsection (1)(a).
- (6) Such an election must be made within 2 years after the day on which the company ceases to be resident in the United Kingdom.
- (7) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
### Pooling of NRCGT gains and losses
##### 188A
- (1) A “pooling election” is an election which—
- (a) specifies the date from which the election is to have effect (the “effective date” of the election), and
- (b) is made by all those members of a group (the “potential pooling group”) which are qualifying members.
- (2) For this purpose the “qualifying members” of a group are all the companies which are members of that group and meet the qualifying conditions on the effective date of the election.
- (3) The “qualifying conditions” are met by a company at any time when it—
- (a) is not resident in the United Kingdom,
- (b) is a closely-held company,
- (c) is not a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012),
- (d) does not hold any chargeable residential assets, and
- (e) holds an asset the disposal of which would be a disposal of a UK residential property interest.
- (4) For the purposes of subsection (3), an asset is a “chargeable residential asset” at any time if a disposal of the asset at that time would be a non-resident CGT disposal but for section 14B(5) (gains forming part of chargeable profits for corporation tax purposes by virtue of section 10B etc).
- (5) The day on which a pooling election is made must not be later than the 30th day after the day specified as its effective date.
- (6) A pooling election is irrevocable.
- (7) In this section—
- “closely-held company” is to be interpreted in accordance with Part 1 of Schedule C1;
- “group” is to be interpreted in accordance with section 170.
##### 188B
- (1) The companies which make a pooling election form an NRCGT group.
- (2) An NRCGT group continues to exist as long as at least one member of the NRCGT group continues to be a member of the potential pooling group and to meet the conditions in paragraphs (a) to (d) of section 188A(3).
- (3) See also section 188F (companies becoming eligible to join NRCGT group) and section 188G (company ceasing to be a member of an NRCGT group).
##### 188C
- (1) This section applies where a company (“company A”) makes a non-resident CGT disposal to another company (“company B”) at a time when both companies are members of the same NRCGT group.
- (2) In subsections (3) to (5) “*the asset*” means the asset which is the subject of that disposal.
- (3) For the relevant purposes (see subsection (4))—
- (a) company A's acquisition of the asset is treated as company B's acquisition of the asset,
- (b) everything done by company A in relation to the asset in the period of company A's ownership of the asset is accordingly treated as done by company B, and
- (c) the disposal mentioned in subsection (1) is accordingly disregarded.
- (4) The “*relevant purposes*” means the purposes of—
- (a) the determination of whether or not an NRCGT gain or loss accrues on the disposal mentioned in subsection (1) or any subsequent disposal of the asset;
- (b) the determination of the amount of any such gain or loss;
- (c) the treatment for capital gains tax purposes of any such gain or loss.
- (5) Accordingly, references in subsection (3) to an acquisition made by, or anything else done by, company A include anything that company A is treated as having done as a result of the application of this section in relation to an earlier disposal of the asset.
- (6) Nothing in this section affects the treatment of the disposal in question for any other purposes (including the computation of any gains or losses, other than NRCGT gains or losses, that may accrue on the disposal).
##### 188D
- (1) The relevant body for a tax year (“year Y”) of an NRCGT group (see subsection (4)) is chargeable to capital gains tax in respect of chargeable NRCGT gains accruing to members of the group in the tax year on non-resident CGT disposals (and section 14D(1) does not apply to such gains).
- (2) Capital gains tax is charged on the total amount of chargeable NRCGT gains accruing in year Y to members of the NRCGT group, after deducting—
- (a) any allowable NRCGT losses accruing in year Y to any member of the NRCGT group,
- (b) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable NRCGT losses which in any previous tax year (not earlier than the tax year 2015-16) accrued to any member of the NRCGT group, and
- (c) so far as they have not been allowed as a deduction from chargeable gains accruing in any previous tax year, any allowable losses (not falling within paragraph (b)) on disposals of UK residential property interests which in any previous tax year (not earlier than the tax year 1965-66) accrued to any company which is, at any time in year Y, a member of the NRCGT group.
- (3) The only deductions that can be made in calculating the total amount of chargeable NRCGT gains accruing as mentioned in subsection (2) are those permitted by this section.
- (4) The “relevant body” of an NRCGT group for a tax year is the body constituted by all the companies which are members of that NRCGT group at any time in that tax year.
- (5) This Act and the Management Act have effect with any modifications that may be necessary in relation to cases where the relevant body of an NRCGT group is chargeable to capital gains tax in accordance with this section.
##### 188E
- (1) Relief is not to be given under this Act more than once in respect of a group loss or any part of a group loss.
- (2) Relief is not to be given under this Act in respect of a group loss if, and so far as, relief has been or may be given in respect of it under the Tax Acts.
- (3) No relief is to be given otherwise than in accordance with this section for group losses.
- (4) In this section “*group loss*” means an NRCGT loss accruing to a member of an NRCGT group.
##### 188F
- (1) A company which is not a member of an NRCGT group and is eligible to become a member of that group may elect to do so.
- (2) A company is eligible to become a member of an NRCGT group at any time when it—
- (a) is a member of the potential pooling group, and
- (b) meets the qualifying conditions.
But see subsections (3) and (4).
- (3) Subsection (4) applies if, throughout a period of 12 months, a company—
- (a) holds a UK residential asset, and
- (b) is eligible to become a member of an NRCGT group.
- (4) If the company has not elected to become a member of the NRCGT group by the end of that period of 12 months, the company is not eligible to become a member of the NRCGT group at any time after the end of that period of 12 months.
- (5) The effect of subsection (4) in relation to a company expires if at any time the company—
- (a) no longer holds the whole or part of any UK residential asset that was held by the company at any time in the 12 month period referred to in subsection (3), but
- (b) holds another UK residential asset.
- (6) For the purposes of this section a person holds a “UK residential asset” at any time when the person holds an interest in UK land the disposal of which would be a disposal of a UK residential property interest.
##### 188G
- (1) A company ceases to be a member of an NRCGT group if it ceases—
- (a) to be a member of the potential pooling group, or
- (b) to meet the any of the conditions in paragraphs (a) to (d) of section 188A(3).
- (2) Where a company ceases to be a member of an NRCGT group, the company is treated for the purposes of this Act and the Management Act as having—
- (a) disposed of the relevant assets immediately before the company ceased to be a member of the NRCGT group, and
- (b) immediately re-acquired them,
at their market value at that time.
- (3) References in subsection (2) to a company ceasing to be a member of an NRCGT group do not apply to cases where a company ceases to be a member of the potential pooling group in consequence of another member of that group ceasing to exist.
- (4) Subsection (2) does not apply in a case where all the companies which are members of an NRCGT group cease to be members of that NRCGT group by reason only of an event which causes—
- (a) the principal company of the potential pooling group to cease to be a closely-held company, or
- (b) the head of a sub-group of which they are members, to cease to be a closely-held company or to become a member of another group (as defined in section 170).
- (5) Subsection (2) does not apply where a company which is a member of an NRCGT group ceases to be a member of the potential pooling group by reason only of the fact that the principal company of the potential pooling group becomes a member of another group (as defined in section 170).
- (6) In subsection (2) “*the relevant assets*” means any assets the company holds immediately before it ceases to be a member of the NRCGT group the disposal of which would be a disposal of a UK residential property interest (see Schedule B1).
- (7) For the purposes of this section—
- “*sub-group*” means anything that would be a group (as defined in section 170) in the absence of subsections (4) and (6) of section 170;
- the “head” of a sub-group is the company which is not a 75% subsidiary of any other member of the sub-group;
- references to the “*principal company*” of the potential pooling group are to be interpreted in accordance with section 170.
##### 188H
- (1) Anything required or authorised to be done under this Act or the Management Act by or in relation to the relevant body of an NRCGT group is required or authorised to be done by or in relation to all the responsible members of that NRCGT group for that tax year.
- (2) The “responsible members” of an NRCGT group for a tax year are—
- (a) all the companies which are members of the NRCGT group at any time in that tax year, and
- (b) any companies which have subsequently become members of the NRCGT group.
- (3) This section is subject to section 188J (representative company).
##### 188I
Where the responsible members of an NRCGT group are liable, in connection with their responsibility under section 188H to make a payment of tax or interest on unpaid tax, or pay any other amount, that liability is a joint and several liability of those responsible members.
##### 188J
- (1) Anything required or authorised to be done under this Act or the Management Act by or in relation to the relevant body of an NRCGT group may instead be done by or in relation to the company which is for the time being the representative company of the group.
- (2) This includes the making of the declaration required by section 9(2) or 12ZB(4)(b) of the Management Act (declaration that return is correct and complete).
- (3) The “*representative company*” means a member of the NRCGT group nominated by all the members of that group for the purposes of this section.
- (4) A nomination under subsection (3), or the revocation of such a nomination, has effect only after written notice of the nomination or revocation has been given to an officer of Revenue and Customs.
##### 188K
- (1) In sections 188A to 188J—
- (a) references to the “*relevant body*” of an NRCGT group are to be interpreted in accordance with section 188D(4);
- (b) references to an NRCGT gain or loss accruing to a member of an NRCGT group are to such a gain or loss accruing to a company at a time when the company is a member of the NRCGT group.
- (2) In sections 188A to 188J and this section—
- “company” is to be interpreted in accordance with section 170(9);
- “*interest in UK land*” has the same meaning as in Schedule B1;
- “*pooling election*” has the meaning given by section 188A(1);
- “*potential pooling group*”, in relation to an NRCGT group, is to be interpreted in accordance with section 188A(1)(b);
- “*qualifying conditions*” has the meaning given by section 188A(3).
##### 222A
- (1) This section applies where—
- (a) an individual (“P”) makes a disposal of, or of an interest in—
- (i) a dwelling-house, or part of a dwelling-house, which was at any time in P's period of ownership occupied by P as a residence, or
- (ii) land (as mentioned in section 222(1)(b)) which P had for P's own occupation and enjoyment with that residence as its garden or grounds, and
- (b) the disposal is a non-resident CGT disposal (see section 14B).
In the remainder of this section the residence concerned is referred to as “*the dwelling-house*”.
- (2) So far as it is necessary for the purposes of section 222, P may determine, by a notice under this section, which of 2 or more residences (of which one is the dwelling-house) was P's main residence for any period within P's period of ownership of the dwelling-house.
- (3) A notice under this section may vary, as respects any period within P's period of ownership of the dwelling-house, a notice previously given under section 222(5)(a).
See also subsections (4) and (7).
- (4) A notice under this section may not vary a notice previously given under section 222(5)(a) as respects any period for which the previous notice had the effect of determining whether or not a disposed of residence was P's main residence.
- (5) In subsection (4) “*disposed of residence*” means one of P's residences which was disposed of (in whole or in part) before the date of the disposal mentioned in subsection (1)(a).
- (6) A notice under this section—
- (a) must be given in the NRCGT return in respect of the disposal mentioned in subsection (1)(a), and
- (b) may not subsequently be varied, whether by a notice under this section or section 222(5)(a).
- (7) Where a notice under this section affects both P and an individual (“X”) who was, in the period to which the notice relates (“*the relevant period*”), P's spouse or civil partner living with P—
- (a) in a case where each of P and X is required to make an NRCGT return in respect of the disposal of an interest in the dwelling-house, notice given by P under this section is effective as respects any part of the relevant period when P and X were living together as spouses or civil partners only if notice to the same effect is also given under this section by X in respect of that period;
- (b) in any other case, notice given by P under this section is effective as respects any part of the relevant period when P and X were living together as spouses or civil partners only if it is accompanied by written notification from X agreeing to the terms of the notice in respect of that period.
- (8) Nothing in subsection (2) affects the application of section 222(5) in relation to P.
##### 222B
- (1) For the purposes of sections 222 to 226 the dwelling-house or part of a dwelling-house mentioned in section 222(1) is treated as not being occupied as a residence by the individual so mentioned (“P”) at any time in P's period of ownership which falls within—
- (a) a non-qualifying tax year, or
- (b) a non-qualifying partial tax year.
In the remainder of this section the dwelling-house or part of a dwelling-house is referred to as “*the dwelling-house*”.
- (2) Except where the disposal mentioned in section 222(1) is a non-resident CGT disposal, subsection (1) does not have effect in respect of any tax year or partial tax year before the tax year 2015-16.
- (3) A tax year the whole of which falls within P's period of ownership is “*a non-qualifying tax year*” in relation to the dwelling-house if—
- (a) neither P nor P's spouse or civil partner was resident for that tax year in the territory in which the dwelling-house is situated, and
- (b) the day count test was not met by P with respect to the dwelling-house for that tax year (see section 222C).
- (4) A partial tax year is “*a non-qualifying partial tax year*” in relation to the dwelling-house if—
- (a) neither P nor P's spouse or civil partner was resident for the tax year in question in the territory in which the dwelling-house is situated, and
- (b) the day count test was not met by P with respect to the dwelling-house for that partial tax year.
- (5) Where part only of a tax year falls within P's period of ownership, that part is a “*partial tax year*” for the purposes of this section.
- (6) For the purposes of this section an individual is resident in a territory outside the United Kingdom (“the overseas territory”) for a tax year (“year X”) in relation to which condition A or B is met.
- (7) Condition A is that the individual is, in respect of a period or periods making up more than half of year X, liable to tax in the overseas territory under the law of that territory by reason of the individual's domicile or residence.
- (8) Condition B is that the individual would be resident in the overseas territory for year X in accordance with the statutory residence test in Part 1 of Schedule 45 to the Finance Act 2013, if in Parts 1 and 2 of that Schedule—
- (a) any reference to the United Kingdom (however expressed) were read as a reference to the overseas territory,
- (b) “overseas” meant anywhere outside that territory, and
- (c) in paragraph 26 (meaning of “work”), sub-paragraphs (2) to (4), (6) and (7) were disregarded.
- (9) In applying the statutory residence test in accordance with subsection (8), any determination of whether—
- (a) the individual was resident in the overseas territory for a tax year preceding year X, or
- (b) another individual is resident in the overseas territory for year X,
is to be made in accordance with the statutory residence test, as modified by subsection (8).
- (10) Section 11(1)(a) (visiting forces etc) is to be disregarded in determining for the purposes of this section whether or not an individual is resident in the United Kingdom.
- (11) Subsection (1) is subject to—
- (a) section 222(8) (job-related accommodation), and
- (b) section 223(3) (absence reliefs).
##### 222C
- (1) This section explains how P meets the day count test (see section 222B) with respect to the dwelling-house or part of a dwelling-house mentioned in section 222(1) for a full or partial tax year.
In the remainder of this section the dwelling-house or part of a dwelling-house is referred to as “*the dwelling-house*”.
- (2) P meets that test for a tax year with respect to the dwelling-house if, during that year, P spends at least 90 days in one or more qualifying houses.
- (3) P meets that test for a partial tax year with respect to the dwelling-house if, during that partial tax year, P spends at least the relevant number of days in one or more qualifying houses.
- (4) To find the relevant number of days for the purposes of subsection (3), multiply 90 days by the relevant fraction and round up the result to the nearest whole number of days if necessary.
- (5) The relevant fraction is—
$$X Y$where—“X” is the number of days in the partial tax year;“Y” is the number of days in the tax year.$
- (6) For the purposes of subsections (2) and (3) the days need not be consecutive, and days spent in different qualifying houses may be aggregated.
- (7) A day spent by P's spouse or civil partner in a dwelling-house or part of a dwelling-house which is a qualifying house in relation to P counts as a day spent by P in the qualifying house (but no day is to be counted twice as a result of this subsection).
- (8) For the purposes of this section, a day counts as a day spent by an individual in a qualifying house if—
- (a) the individual is present at the house at the end of the day, or
- (b) the individual—
- (i) is present in the house for some period during the day, and
- (ii) the next day, has stayed overnight in the house.
- (9) For the purposes of this section—
- (a) the dwelling-house is a qualifying house in relation to P, and
- (b) any other dwelling-house or part of a dwelling-house which is situated in the same territory as the dwelling-house is a qualifying house in relation to P at any particular time if at that time any of the following has an interest in it—
- (i) P,
- (ii) an individual who is P's spouse or civil partner at that time, and
- (iii) an individual who is P's spouse or civil partner at the time of disposal of the dwelling-house.
- (10) In this section “*partial tax year*” has the meaning given by section 222B(5).
##### 223A
- (1) This section applies where—
- (a) the individual mentioned in section 223(1) (“P”) acquired the asset to which the gain mentioned in section 222(1) is attributable before 6 April 2015, and
- (b) P's period of ownership for the purposes of section 223 begins on that date because of section 223(7)(b).
- (2) Times before 6 April 2015 are to be ignored in determining whether or not condition A in section 223 is met in relation to a period of absence, unless P elects that this subsection is not to apply in relation to the period.
- (3) An election under subsection (2)—
- (a) must specify which day before 6 April 2015 P relies on in relation to the period of absence for the purpose of meeting condition A in section 223, and
- (b) must be made in the NRCGT return in respect of the disposal.
- (4) Where P has made an election under subsection (2), section 223 applies as if relevant prior periods of absence counted against the maximum periods (and maximum aggregate periods) specified in subsection (3)(a), (c) and (d) of that section.
- (5) In relation to a maximum period (or maximum aggregate period) specified in paragraph (a), (c) or (d) of section 223(3), “*relevant prior period of absence*” means a period of absence which would have counted against that maximum period (or maximum aggregate period) if the bridge period were included in the period of ownership.
- (6) In subsection (5) “*the bridge period*” means the period beginning with the day specified in the election and ending with 5 April 2015.
- (7) In this section “*period of absence*” has the same meaning as in section 223.
#### Identification of exempt employee shareholder shares
#### Leases of land and other assets.
#### Gains and losses on investments in social enterprises
#### Charities.
##### 261ZA
- (1) This section applies where the disposal in relation to which a claim could be made under section 260 is a disposal of a UK residential property interest to a transferee who is not resident in the United Kingdom and, ignoring section 260—
- (a) a gain would accrue to the transferor on the disposal, and
- (b) on the assumption that the disposal is a non-resident CGT disposal (whether or not that is the case), that gain would be a chargeable NRCGT gain (see section 57B and Schedule 4ZZB).
- (2) Section 260(3) has effect in relation to the disposal as if it read—
> (3) Where this subsection applies in relation to a disposal, the amount of any chargeable gain which, apart from this section, would accrue to the transferor on the disposal, shall be reduced by an amount equal to the held-over gain on the disposal.
- (3) Where the disposal is a non-resident CGT disposal—
- (a) section 260(3), as modified by subsection (2) of this section, and section 260(4) have effect in relation to the disposal as if the references to “chargeable gain” were references to “chargeable NRCGT gain”, and
- (b) section 260(5) has effect in relation to the disposal as if the reference to “the excess referred to in paragraph (b) above” were a reference to “the chargeable NRCGT gain which, ignoring this section and section 17(1), would accrue to the transferor on the disposal”.
- (4) Where a claim for relief is made under section 260 in relation to the disposal mentioned in subsection (1), on a subsequent disposal by the transferee of the whole or part of the interest in UK land which is the subject of the disposal mentioned in subsection (1), the whole or a corresponding part of the held-over gain (see section 260(4))—
- (a) is deemed to accrue to the transferee (in addition to any gain or loss that actually accrues on that subsequent disposal), and
- (b) (if that would not otherwise be the case) is to be treated as a chargeable NRCGT gain accruing on a non-resident CGT disposal.
- (5) Where the subsequent disposal mentioned in subsection (4) is a disposal within section 260(2)(a), subsection (7) of that section has effect in relation to the disposal as if—
- (a) the reference to “the chargeable gain accruing to the transferee on the disposal of the asset” were a reference to the chargeable gain accruing on the disposal as computed apart from subsection (4), and
- (b) the reference in section 260(7)(b) to “the chargeable gain” were a reference to—
- (i) the chargeable gain (or, where the disposal is a non-resident CGT disposal, the chargeable NRCGT gain) accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) In this section, “*interest in UK land*” has the meaning given by paragraph 2 of Schedule B1.
#### Treating trade loss etc as CGT loss
- “*dwelling*” has the meaning given by paragraph 4 of Schedule B1;
- “*subject matter*”, in relation to an interest in UK land (or a chargeable interest) means the land to which the interest relates.
#### Disposal of know-how as part of disposal of all or part of a trade
#### Trade or profession carried on in partnership
#### Location of certain intangible assets
#### Deferred unascertainable consideration: election for treatment of loss
#### Effect of election under section 279A
#### Consideration payable by instalments.
#### Repayment supplements.
## SCHEDULE B1
### Meaning of “disposal of a UK residential property interest”
##### 1
- (1) For the purposes of this Act, the disposal by a person (“P”) of an interest in UK land (whether made before or after this Schedule comes into force) is a “disposal of a UK residential property interest” if the first or second condition is met.
- (2) The first condition is that—
- (a) the land has at any time in the relevant ownership period consisted of or included a dwelling, or
- (b) the interest in UK land subsists for the benefit of land that has at any time in the relevant ownership period consisted of or included a dwelling.
- (3) The second condition is that the interest in UK land subsists under a contract for an off-plan purchase.
- (4) In sub-paragraph (2) “*relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the interest in UK land or 6 April 2015 (whichever is later), and
- (b) ending with the day before the day on which the disposal occurs.
- (5) If the interest in UK land disposed of by P as mentioned in sub-paragraph (1) results from interests in UK land which P has acquired at different times (“the acquired interests”), P is regarded for the purposes of sub-paragraph (4)(a) as having acquired the interest when P first acquired any of the acquired interests.
- (6) In this paragraph—
- “*contract for an off-plan purchase*” means a contract for the acquisition of land consisting of, or including, a building or part of a building that is to be constructed or adapted for use as a dwelling;
- “*dwelling*” has the meaning given by paragraph 4.
- (7) Paragraphs 10 and 21 of Schedule 4ZZB contain further provision about interests under contracts for off-plan purchases.
### “Interest in UK land”
##### 2
- (1) In this Schedule, “*interest in UK land*” means—
- (a) an estate, interest, right or power in or over land in the United Kingdom, or
- (b) the benefit of an obligation, restriction or condition affecting the value of any such estate, interest, right or power,
other than an excluded interest.
- (2) The following are excluded interests—
- (a) any security interest;
- (b) a licence to use or occupy land;
- (c) in England and Wales or Northern Ireland—
- (i) a tenancy at will;
- (ii) a manor.
- (3) In sub-paragraph (2) “*security interest*” means an interest or right (other than a rentcharge) held for the purpose of securing the payment of money or the performance of any other obligation.
- (4) In relation to land in Scotland the reference in sub-paragraph (3) to a rentcharge is to be read as a reference to a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000 (asp 5).
- (5) The Treasury may by regulations provide that any other description of interest or right in relation to land in the United Kingdom is an excluded interest.
- (6) Regulations under sub-paragraph (5) may make incidental, consequential, supplementary or transitional provision or savings.
### Grants of options
##### 3
- (1) Sub-paragraph (2) applies where—
- (a) a person (“P”) grants at any time an option binding P to sell an interest in UK land, and
- (b) a disposal by P of that interest in UK land at that time would be a disposal of a UK residential property interest by virtue of paragraph 1.
- (2) The grant of the option is regarded for the purposes of this Schedule as the disposal of an interest in the land in question (if it would not be so regarded apart from this paragraph).
- (3) Nothing in this paragraph affects the operation of section 144 in relation to the grant of the option (or otherwise).
- (4) Subsection (6) of section 144 (interpretation of references to “sale” etc) applies for the purposes of this paragraph as it applies for the purposes of that section.
### Meaning of “dwelling”
##### 4
- (1) For the purposes of this Schedule, a building counts as a dwelling at any time when—
- (a) it is used or suitable for use as a dwelling, or
- (b) it is in the process of being constructed or adapted for such use.
- (2) Land that at any time is, or is intended to be, occupied or enjoyed with a dwelling as a garden or grounds (including any building or structure on such land) is taken to be part of that dwelling at that time.
- (3) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it is used as—
- (a) residential accommodation for school pupils;
- (b) residential accommodation for members of the armed forces;
- (c) a home or other institution providing residential accommodation for children;
- (d) a home or other institution providing residential accommodation with personal care for persons in need of personal care by reason of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder;
- (e) a hospital or hospice;
- (f) a prison or similar establishment;
- (g) a hotel or inn or similar establishment.
- (4) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it is used, or suitable for use, as an institution (not falling within any of paragraphs (c) to (f) of sub-paragraph (3)) that is the sole or main residence of its residents.
- (5) For the purposes of sub-paragraph (1) a building is not used (or suitable for use) as a dwelling if it falls within—
- (a) paragraph 4 of Schedule 14 to the Housing Act 2004 (certain buildings occupied by students and managed or controlled by their educational establishment etc),
- (b) any corresponding provision having effect in Scotland, or
- (c) any corresponding provision having effect in Northern Ireland.
- (6) In sub-paragraph (5) “*corresponding provision*” means provision designated by regulations made by the Treasury as corresponding to the provision mentioned in sub-paragraph (5)(a).
- (7) If the accommodation provided by a building meets the conditions in sub-paragraph (8) in a tax year, the building is not to be regarded for the purposes of sub-paragraph (1) as used or suitable for use as a dwelling at any time in that tax year.
- (8) The conditions are that the accommodation—
- (a) includes at least 15 bedrooms,
- (b) is purpose-built for occupation by students, and
- (c) is occupied by students on at least 165 days in the tax year.
In the expression “purpose-built” the reference to building includes conversion.
- (9) For the purposes of sub-paragraph (8), accommodation is occupied by students if it is occupied exclusively or mainly by persons who occupy it for the purpose of undertaking a course of education (otherwise than as school pupils).
- (10) A building which (for any reason) becomes temporarily unsuitable for use as a dwelling is treated for the purposes of sub-paragraph (1) as continuing to be suitable for use as a dwelling; but see also the special rules in—
- (a) paragraph 6 (damage to a dwelling), and
- (b) paragraph 8(7) (periods before or during certain works).
- (11) In this paragraph “*building*” includes a part of a building.
### Power to modify meaning of “use as a dwelling”
##### 5
- (1) The Treasury may by regulations amend paragraph 4 for the purpose of clarifying or changing the cases where a building is or is not to be regarded as being used as a dwelling (or suitable for use as a dwelling).
- (2) The provision that may be made under sub-paragraph (1) includes, in particular, provision omitting or adding cases where a building is or is not to be regarded as being used (or as suitable for use) as a dwelling.
- (3) Regulations under this paragraph may make incidental, consequential, supplementary or transitional provision or savings.
- (4) In this paragraph “*building*” includes a part of a building.
### Damage to a dwelling
##### 6
- (1) Sub-paragraph (2) applies where a person disposes of an interest in UK land and a building that forms, or has formed, part of the land has at any time in the relevant ownership period been temporarily unsuitable for use as a dwelling.
- (2) Paragraph 4(10) (disregard of temporary unsuitability) does not apply in relation to the building's temporary unsuitability for use as a dwelling if—
- (a) the temporary unsuitability resulted from damage to the building, and
- (b) the first and second conditions are met.
- (3) The first condition is that the damage was—
- (a) accidental, or
- (b) otherwise caused by events beyond the control of the person disposing of the interest in UK land.
- (4) The second condition is that, as a result of the damage, the building was unsuitable for use as a dwelling for a period of at least 90 consecutive days.
- (5) Where the first and second conditions are met, work done in the 90-day period to restore the building to suitability for use as a dwelling does not count, for the purposes of paragraph 4(1), as construction or adaptation of the building for use as a dwelling.
- (6) The first condition is regarded as not being met if the damage occurred in the course of work that—
- (a) was being done for the purpose of altering the building, and
- (b) itself involved, or could be expected to involve, making the building unsuitable for use as a dwelling for 30 days or more.
- (7) The 90-day period mentioned in sub-paragraph (4) must end at or before the end of the relevant ownership period but may begin at any time (whether or not within the ownership period).
- (8) In this paragraph—
- (a) references to alteration include partial demolition;
- (b) “*building*” includes a part of a building;
- (c) “*relevant ownership period*” has the meaning given by paragraph 1(4).
### Demolition of a building
##### 7
A building is regarded as ceasing to exist from the time when it has either—
- (a) been demolished completely to ground level, or
- (b) been demolished to ground level except for a single facade (or, in the case of a building on a corner site, a double facade) the retention of which is a condition or requirement of planning permission or development consent.
### Disposal of a building that has undergone works
##### 8
- (1) This paragraph applies where a person disposes of an interest in UK land, and a building which is (or was formerly) on the land and has at any time in the relevant ownership period been suitable for use as a dwelling—
- (a) has undergone complete or partial demolition or any other works during the relevant ownership period, and
- (b) as a result of the works, has, at or at any time before the completion of the disposal, either ceased to exist or become unsuitable for use as a dwelling.
- (2) If the conditions in sub-paragraph (4) are met at, or at any time before, the completion of the disposal, the building is taken to have been unsuitable for use as a dwelling throughout the part of the relevant ownership period when the works were in progress.
- (3) If the conditions in sub-paragraph (4) are met at, or at any time before, the completion of the disposal, the building is also taken to have been unsuitable for use as a dwelling throughout any period which—
- (a) ends immediately before the commencement of the works, and
- (b) is a period throughout which the building was, for reasons connected with the works, not used as a dwelling.
- (4) The conditions are that—
- (a) as a result of the works the building has (at any time before the completion of the disposal) either ceased to exist or become suitable for use otherwise than as a dwelling,
- (b) any planning permission or development consent required for the works, or for any change of use with which they are associated, has been granted, and
- (c) the works have been carried out in accordance with any such permission or consent.
- (5) If at the completion of the disposal the conditions in sub-paragraph (4) have not been met, the works are taken not to have affected the building's suitability for use as a dwelling (at any time before the disposal).
- (6) Sub-paragraph (2) does not apply in relation to any time when—
- (a) the building was undergoing any work, or put to a use, in relation to which planning permission or development consent was required but had not been granted, or
- (b) anything was being done in contravention of a condition or requirement attached to a planning permission or development consent relating to the building.
- (7) Where a building is treated under sub-paragraph (2) or (3) as unsuitable for use as a dwelling, the unsuitability is not regarded as temporary for the purposes of paragraph 4(10).
- (8) In this paragraph—
- “*building*” includes a part of a building;
- “*relevant ownership period*” has the meaning given by paragraph 1(4).
### Retrospective planning permission or development consent
##### 9
- (1) The condition in paragraph 8(4)(b) is taken to have been met at the time of the completion of the disposal if the required planning permission or development consent is given subsequently.
- (2) For the purposes of paragraph 8(6)(a), the fact that planning permission or development consent had not been given at any time in relation to any work or use of a building is ignored if the required planning permission or development consent is given subsequently.
### Interpretation
##### 10
- (1) For the purposes of this Schedule, the “completion” of the disposal of an interest in UK land is taken to occur—
- (a) at the time of the disposal, or
- (b) if the disposal is under a contract which is completed by a conveyance, at the time when the interest is conveyed.
- (2) In this Schedule—
- “*conveyance*” includes any instrument (and “*conveyed*” is to be construed accordingly);
- “*development consent*” means development consent under the Planning Act 2008;
- “*interest in UK land*” has the meaning given by paragraph 2;
- “*land*” includes a building;
- “*planning permission*” has the meaning given by the relevant planning enactment.
- (3) In sub-paragraph (2) “*the relevant planning enactment*” means—
- (a) in relation to land in England and Wales, section 336(1) of the Town and Country Planning Act 1990;
- (b) in relation to land in Scotland, section 227(1) of the Town and Country Planning (Scotland) Act 1997;
- (c) in relation to land in Northern Ireland, Article 2(2) of the Planning (Northern Ireland) Order 1991 (S.I. 1991/1220 (N.I. 11)).
## SCHEDULE C1
## PART 1 — Meaning of “closely-held company”
### Introduction
##### 1
This Part of this Schedule sets out the rules for determining, for the purposes of sections 14F and 14G, whether or not a company is a closely-held company.
### Main definition
##### 2
- (1) “*Closely-held company*” means a company in relation to which condition A or B is met.
- (2) Condition A is that the company is under the control of 5 or fewer participators.
- (3) Condition B is that 5 or fewer participators together possess or are entitled to acquire—
- (a) such rights as would, in the event of the winding up of the company (“*the relevant company*”) on the basis set out in paragraph 3, entitle them to receive the greater part of the assets of the relevant company which would then be available for distribution among the participators, or
- (b) such rights as would, in that event, so entitle them if there were disregarded any rights which any of them or any other person has as a loan creditor (in relation to the relevant company or any other company).
##### 3
- (1) This paragraph applies for the purposes of paragraph 2(3).
- (2) In the notional winding up of the relevant company, the part of the assets available for distribution among the participators which any person is entitled to receive is the aggregate of—
- (a) any part of those assets which the person would be entitled to receive in the event of the winding up of the relevant company, and
- (b) any part of those assets which the person would be entitled to receive if—
- (i) any other company which is a participator in the relevant company and is entitled to receive any assets in the notional winding up were also wound up on the basis set out in this paragraph, and
- (ii) the part of the assets of the relevant company to which the other company is entitled were distributed among the participators in the other company in proportion to their respective entitlement to the assets of the other company available for distribution among the participators.
- (3) In the application of sub-paragraph (2)—
- (a) to the notional winding up of the other company mentioned in paragraph (b) of that sub-paragraph, and
- (b) to any further notional winding up required by that paragraph (or by any further application of that paragraph),
references to “the relevant company” are to be read as references to the company concerned.
##### 4
- (1) This paragraph applies for the purpose of determining whether, under sub-paragraph (3) of paragraph 2, 5 or fewer participators together possess or are entitled to acquire rights such as are mentioned in paragraph (a) or (b) of that sub-paragraph.
- (2) A person is to be treated as a participator in the relevant company if the person is a participator in any other company which would be entitled to receive assets in the notional winding up of the relevant company on the basis set out in paragraph 3.
- (3) No account is to be taken of a participator which is a company unless the company possesses or is entitled to acquire the rights in a fiduciary or representative capacity.
- (4) But sub-paragraph (3) does not apply for the purposes of paragraph 3.
##### 5
- (1) A company is not to be treated as a closely-held company if condition A or B is met.
- (2) Condition A is that the company cannot be treated as a closely-held company except by taking, as one of the 5 or fewer participators requisite for its being so treated, a person which is a diversely-held company.
- (3) Condition B is that the company—
- (a) would not be a closely-held company were it not for paragraph (a) of paragraph 2(3) or paragraph (d) of paragraph 7(2), and
- (b) would not be a closely-held company if the references in paragraphs 2(3)(a) and 7(2)(d) to participators did not include loan creditors which are diversely-held companies or qualifying institutional investors.
- (4) In this paragraph “*qualifying institutional investor*” means any of the following persons—
- (a) a scheme (as defined in section 14F(7)) which is a widely-marketed scheme;
- (b) the trustee or manager of a qualifying pension scheme;
- (c) a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012);
- (d) a person who cannot be liable for corporation tax or income tax (as relevant) on the ground of sovereign immunity.
- (5) In sub-paragraph (4)(b) “*qualifying pension scheme*” means a pension scheme (as defined in section 150(1) of the Finance Act 2004) other than—
- (a) an investment-regulated pension scheme within the meaning of Part 1 of Schedule 29A to that Act, or
- (b) a pension scheme that would be an investment-regulated pension scheme if it were a registered pension scheme.
- (6) The Treasury may by regulations amend sub-paragraphs (4) and (5).
- (7) Regulations under sub-paragraph (6) may make incidental, consequential, supplementary or transitional provision or savings.
##### 6
- (1) Sub-paragraph (2) applies where a participator in a company is a qualifying institutional investor.
- (2) For the purpose of determining whether or not the company is a closely-held company, any share or interest which the qualifying institutional investor has as a participator in the company (in any of the ways set out in section 454(2) of CTA 2010 or otherwise) is treated as a share or interest held by more than 5 participators.
- (3) Sub-paragraph (4) applies where a participator in a company is a general partner of a limited partnership which is a collective investment scheme (as defined in section 235 of the Financial Services and Markets Act 2000).
- (4) For the purpose of determining whether or not the company is a closely-held company, any share or interest which the general partner has as a participator in the company (in any of the ways set out in section 454(2) of CTA 2010 or otherwise) is treated as a share or interest held by more than 5 participators.
- (5) Sub-paragraph (4) does not apply to—
- (a) any rights which would, in the event of the winding up of the company (“*the relevant company*”) on the basis set out in paragraph 3, or in any other circumstances, entitle the general partner (or a participator in the general partner) to receive assets of the company which would then be available for distribution among the participators, or
- (b) any rights which would, in that event, so entitle the general partner (or a participator in the general partner) if there were disregarded any rights which a person has as a loan creditor (in relation to the relevant company or another company).
- (6) In this paragraph “*limited partnership*” means—
- (a) a limited partnership registered under the Limited Partnerships Act 1907, or
- (b) a firm or entity of a similar character formed under the law of a territory outside the United Kingdom.
- (7) In this paragraph, “*general partner*”, in relation to a limited partnership, means a partner other than a limited partner.
- (8) In this paragraph, “*limited partner*” means a person carrying on business as a partner in a limited partnership who—
- (a) is not entitled to take part in the management of that business, and
- (b) is entitled to have any liabilities of that business (or those beyond a certain limit) for debts or obligations incurred for the purposes of that business met or reimbursed by some other person.
- (9) In this paragraph “*qualifying institutional investor*” has the same meaning as in paragraph 5.
### Meaning of “control”
##### 7
- (1) For the purposes of this Schedule, a person (“P”) is treated as having control of a company (“C”) if P—
- (a) exercises,
- (b) is able to exercise, or
- (c) is entitled to acquire,
direct or indirect control over C's affairs.
- (2) In particular, P is treated as having control of C if P possesses or is entitled to acquire—
- (a) the greater part of the share capital or issued share capital of C,
- (b) the greater part of the voting power in C,
- (c) so much of the issued share capital of C as would, on the assumption that the whole of the income of C were distributed among the participators, entitle P to receive the greater part of the amount so distributed, or
- (d) such rights as would entitle P, in the event of the winding up of C or in any other circumstances, to receive the greater part of the assets of C which would then be available for distribution among the participators.
- (3) Any rights that P or any other person has as a loan creditor are to be disregarded for the purposes of the assumption in sub-paragraph (2)(c).
- (4) If two or more persons together satisfy any of the conditions in sub-paragraphs (1) and (2), they are treated as having control of C.
##### 8
- (1) This paragraph applies for the purposes of paragraph 7.
- (2) If a person—
- (a) possesses any rights or powers on behalf of another person (“A”), or
- (b) may be required to exercise any rights or powers on A's direction or on A's behalf,
those rights or powers are to be attributed to A.
- (3) There are also to be attributed to P all the rights and powers of any associate of P (including rights and powers exercisable jointly by any two or more associates of P).
- (4) In this paragraph “*associate*”, in relation to P, means—
- (a) any relative of P,
- (b) the trustees of any settlement in relation to which P is a settlor, and
- (c) the trustees of any settlement in relation to which any relative of P (living or dead) is or was a settlor.
- (5) In this paragraph “*relative*” means—
- (a) a spouse or civil partner,
- (b) a parent or remoter forebear,
- (c) a child or remoter issue, or
- (d) a brother or sister.
### Interpretation
##### 9
In this Part of this Schedule—
- “*diversely-held company*” means a company which is not a closely-held company;
- “*loan creditor*” has the meaning given by section 453 of CTA 2010;
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act);
- “*participator*”, in relation to a company, has the meaning given by section 454 of CTA 2010.
## PART 2 — Unit trust schemes and OEICs: widely-marketed schemes
### Introduction
##### 10
- (1) This Part of this Schedule sets out the rules for determining, for the purposes of this Schedule and section 14F, whether or not a scheme is a widely-marketed scheme at any time.
- (2) In this Part of this Schedule “*scheme*” has the same meaning as in section 14F.
### Widely-marketed schemes
##### 11
- (1) A scheme is a widely-marketed scheme at any time when the scheme meets conditions A to C.
- (2) Condition A is that the scheme produces documents, available to investors and to Her Majesty's Revenue and Customs, which contain—
- (a) a statement specifying the intended categories of investor,
- (b) an undertaking that units in the scheme will be widely available, and
- (c) an undertaking that units in the scheme will be marketed and made available in accordance with the requirements of sub-paragraph (5)(a).
- (3) Condition B is that—
- (a) the specification of the intended categories of investor does not have a limiting or deterrent effect, and
- (b) any other terms or conditions governing participation in the scheme do not have a limiting or deterrent effect.
- (4) In sub-paragraph (3) “*limiting or deterrent effect*” means an effect which—
- (a) limits investors to a limited number of specific persons or specific groups of connected persons, or
- (b) deters a reasonable investor falling within one of (what are specified as) the intended categories of investor from investing in the scheme.
- (5) Condition C is that—
- (a) units in the scheme are marketed and made available—
- (i) sufficiently widely to reach the intended categories of investors, and
- (ii) in a manner appropriate to attract those categories of investors, and
- (b) a person who falls within one of the intended categories of investors can, upon request to the manager of the scheme, obtain information about the scheme and acquire units in it.
- (6) A scheme is not regarded as failing to meet condition C at any time by reason of the scheme's having, at that time, no capacity to receive additional investments, unless—
- (a) the capacity of the scheme to receive investments in it is fixed by the scheme documents (or otherwise), and
- (b) a pre-determined number of specific persons or specific groups of connected persons make investments in the scheme which collectively exhaust all, or substantially all, of that capacity.
### Interpretation
##### 12
In this Part of this Schedule—
- “*open-ended investment company*” has the same meaning as in Part 17 of the Financial Services and Markets Act 2000 (see section 236 of that Act);
- “*units*” means the rights or interests (however described) of the participants in a unit trust scheme or open-ended investment company.
### Special rule for certain disposals to which both this Schedule and Schedule 4ZZB relate
##### 6A
- (1) This paragraph applies where conditions A and B are met.
- (2) Condition A is that the relevant high value disposal is—
- (a) a non-resident CGT disposal (see section 14B), or
- (b) one of two or more disposals which are (by virtue of section 2C and this Schedule) treated as comprised in a non-resident CGT disposal.
- (3) Condition B is that—
- (a) the interest disposed of by the relevant high value disposal was held by P on 5 April 2015,
- (b) neither Case 2 nor Case 3 in paragraph 2 applies, and
- (c) no election under paragraph 5 of this Schedule (or paragraph 2(1)(b) of Schedule 4ZZB) is or has been made in relation to the chargeable interest which (or a part of which) is the subject of the relevant high value disposal.
- (4) The ATED-related gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the post-April 2015 ATED-related gain or loss.
- *Step 2* Determine the amount of the pre-April 2015 ATED-related gain or loss.
- *Step 3* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain or loss determined under Step 2,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the ATED-related gain on the relevant high value disposal. If the result is a negative amount, that amount (expressed as a positive number) is the ATED-related loss on the relevant high value disposal.
- (5) The post-April 2015 ATED-related gain or loss is equal to the amount that would be given by paragraph 3(1) as the amount of the ATED-related gain or loss if the relevant year for the purposes of that paragraph were 2015.
- (6) The “*pre-April 2015 ATED-related gain or loss*” means the relevant fraction of the notional pre-April 2015 gain or loss.
- (7) “The relevant fraction” is—
$$CD TD$where—“CD” is the number of days in the relevant ownership period which are ATED chargeable days;“TD” is the total number of days in the relevant ownership period.$
- (8) If the interest disposed of was not held by P on 5 April 2013, the “notional pre-April 2015 gain or loss” is the gain or loss which would have accrued on 5 April 2015 had the interest been disposed of on that date for a consideration equal to its market value on that date.
- (9) If the interest disposed of was held by P on 5 April 2013, the “notional pre-April 2015 gain or loss” is the gain or loss which would have accrued on 5 April 2015 if P had—
- (a) acquired the interest on 5 April 2013 for a consideration equal to its market value on that date, and
- (b) disposed of it on 5 April 2015 for a consideration equal to its market value on that date.
- (10) Paragraph 3(3) applies for the purposes of sub-paragraphs (8) and (9) as for the purposes of paragraph 3(2).
- (11) In sub-paragraph (7) “*relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the chargeable interest or, if later, 6 April 2013, and
- (b) ending with 5 April 2015.
- (12) For how to compute the amount of the gain or loss on the relevant high value disposal that is neither ATED-related nor an NRCGT gain or loss (as defined in section 57B and Schedule 4ZZB) see paragraphs 16 to 19 of Schedule 4ZZB.
### Wasting assets
##### 8
- (1) Sub-paragraph (2) applies where it is necessary, in computing in accordance with paragraph 3(2) the notional post-commencement gain or loss accruing to a person on a relevant high value disposal, to determine whether or not the interest which is the subject of the disposal is a wasting asset.
- (2) The assumption in paragraph 3(2) that the interest was acquired on a particular 5 April is to be ignored in determining that question.
- (3) Sub-paragraph (4) applies where it is necessary, in computing in accordance with paragraph 6A(9) the notional pre-April 2015 gain or loss accruing to a person on a disposal, to determine whether or not the interest which is the subject of the disposal is a wasting asset.
- (4) The assumption in paragraph 6A(9) that the interest was acquired on 5 April 2013 is to be ignored in determining that question.
- (5) In this paragraph references to a “wasting asset” are to a wasting asset as defined for the purposes of Chapter 2 of Part 2 of this Act.
### Capital allowances
##### 9
- (1) Sub-paragraph (2) applies where it is to be assumed for the purpose of computing—
- (a) the notional post-commencement gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 3(2), or
- (b) the notional pre-April 2015 gain or loss accruing to a person on a disposal in accordance with paragraph 6A(9),
that an asset was acquired by a person on 5 April 2013 for a consideration equal to its market value on that date.
- (2) For the purposes of that computation, sections 41 (restriction of losses by reference to capital allowances etc) and 47 (wasting assets qualifying for capital allowances) are to apply in relation to any capital allowance or renewals allowance made in respect of the expenditure actually incurred by the person in acquiring or providing the asset as if that allowance were made in respect of the expenditure treated as incurred by the person on 5 April 2013 as mentioned in sub-paragraph (1).
## SCHEDULE 4ZZB
## PART 1 — Introduction
##### 1
- (1) This Schedule applies for the purpose of determining, in relation to a non-resident CGT disposal made by a person (“P”)—
- (a) whether an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss, and
- (b) whether a gain or loss other than an NRCGT gain or loss accrues to P on the disposal, and the amount of any such gain or loss;
(and see also sub-paragraph (2)(c)).
- (2) In this Schedule—
- (a) Part 2 is about elections to vary the method of computation of gains and losses;
- (b) Part 3 contains the main rules for computing the gains and losses;
- (c) Part 4 contains separate rules for computing, in a case where the non-resident CGT disposal is, or involves, a relevant high value disposal (as defined in section 2C)—
- (i) the amount of any NRCGT gains or losses accruing on the disposal, and
- (ii) the amount of any gains or losses accruing on the disposal that are neither ATED-related nor NRCGT gains or losses;
- (d) Part 5 contains special rules about non-resident CGT disposals made by companies;
- (e) Part 6 (miscellaneous provisions) contains special rules relating to wasting assets and capital allowances;
- (f) Part 7 contains definitions for the purposes of this Schedule.
- (3) See section 14B for the meaning of “non-resident CGT disposal”.
## PART 2 — Elections for alternative methods of computation
##### 2
- (1) A person (“P”) making a non-resident CGT disposal of (or of a part of) an interest in UK land which P held on 5 April 2015 may—
- (a) make an election for straight-line time apportionment in relation to the interest in UK land;
- (b) make an election for the retrospective basis of computation to apply in relation to that interest,
(but may not do both).
- (2) P may not make an election under sub-paragraph (1)(a) if the disposal is one to which Part 4 of this Schedule applies (cases involving relevant high value disposals).
- (3) For the effect of making an election under sub-paragraph (1)(a), see paragraph 8.
- (4) For the effect of making (or not making) an election under sub-paragraph (1)(b), see paragraphs 5(1)(b), 9(1)(b), 13(1)(b), 14(1)(a) and 15(1)(c) (and paragraph 6A(3)(c) of Schedule 4ZZA).
- (5) An election made under paragraph 5 of Schedule 4ZZA (including any such election made before the coming into force of this paragraph) has effect as if it were also an election under sub-paragraph (1)(b).
##### 3
- (1) An election under paragraph 2(1) is irrevocable (and where an election has been made under paragraph 2(1) or paragraph 5 of Schedule 4ZZA in relation to an asset, no election may subsequently be made under either of those provisions in relation to the asset).
- (2) An election under paragraph 2(1) may (regardless of section 42(2) of the Management Act) be made by being included in—
- (a) a tax return under the Management Act for the tax year in which the first non-resident CGT disposal by P of the interest in UK land (or any part of it) is made, or
- (b) the NRCGT return relating to the disposal,
(but not by any other method).
- (3) References in sub-paragraph (2) to an election being included in a return include an election being included by virtue of an amendment of the return.
- (4) All such adjustments are to be made, whether by way of discharge or repayment of tax, the making of assessments or otherwise, as are required to give effect to an election under paragraph 2(1).
## PART 3 — Main computation rules
### Disposals to which this Part applies
##### 4
- (1) This Part of this Schedule applies where a person (“P”) makes a non-resident CGT disposal of (or of a part of) an interest in UK land.
- (2) But this Part of this Schedule does not apply if the disposal is—
- (a) a relevant high value disposal, or
- (b) a disposal in which a relevant high value disposal is comprised (see paragraph 12(3)).
- (3) In this Part of this Schedule “*the disposed of interest*” means—
- (a) the interest in UK land, or
- (b) if the disposal is of part of that interest, the part disposed of.
### Introduction to paragraphs 6 to 8
##### 5
- (1) Paragraphs 6 to 8 apply where—
- (a) the disposed of interest was held by P on 5 April 2015, and
- (b) P has not made an election under paragraph 2(1)(b) in relation to the interest in UK land.
- (2) In paragraphs 6 and 7—
- (a) “*notional post-April 2015 gain or loss*” means the gain or loss which would have accrued on the disposal had P acquired the disposed of interest on 5 April 2015 for a consideration equal to its market value on that date;
- (b) “*notional pre-April 2015 gain or loss*” means the gain or loss which would have accrued on 5 April 2015 had the disposed of interest been disposed of for a consideration equal to its market value on that date;
but see also paragraph 8(1).
- (3) For the purpose of determining the amount of the hypothetical gain or loss mentioned in sub-paragraph (2)(a), no account is taken of section 57B or this Schedule (apart from paragraph 23).
### Assets held at 5 April 2015: default method
##### 6
- (1) The NRCGT gain or loss accruing on the disposal is equal to the relevant fraction of the notional post-April 2015 gain or loss (as the case may be).
But see also sub-paragraph (3).
- (2) “The relevant fraction” is—
$$RD TD$where—“RD” is the number of days in the post-commencement ownership period on which the subject matter of the disposed of interest consists wholly or partly of a dwelling;“TD” is the total number of days in the post-commencement ownership period.$
- (3) If there has been mixed use of the subject matter of the disposed of interest on one or more days in the post-commencement ownership period, the NRCGT gain or loss accruing on the disposal is the fraction of the amount that would (apart from this sub-paragraph) be given by sub-paragraphs (1) and (2) that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (4) For the purposes of this paragraph there is “mixed use” of land on any day on which the land consists partly, but not exclusively, of one or more dwellings.
- (5) “*Post-commencement ownership period*” means the period beginning with 6 April 2015 and ending with the day before the day on which the disposal occurs.
##### 7
The gain or loss accruing on the disposal which is not an NRCGT gain or (as the case may be) loss is computed as follows.
- *Step 1* Determine the amount of the notional pre-April 2015 gain or loss.
- *Step 2* In a case where there is a notional post-April 2015 gain, determine the amount of that gain remaining after the deduction of the NRCGT gain determined under paragraph 6.
- *Step 3* In a case where there is a notional post-April 2015 loss, determine the amount of that loss remaining after the deduction of the NRCGT loss determined under paragraph 6.
- *Step 4* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain determined under Step 2 or (as the case may be) any loss determined under Step 3,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the gain on the disposal which is not an NRCGT gain. If the result is a negative amount, that amount (expressed as a positive number) is the loss on the disposal which is not an NRCGT loss.
### Modified application of paragraphs 5 to 7 where election made for straight-line time apportionment
##### 8
- (1) Where the non-resident CGT disposal is of (or of a part of) an interest in UK land in respect of which P makes, or has made, an election for straight-line time apportionment under paragraph 2(1)(a)—
- (a) paragraphs (a) and (b) of paragraph 5(2) do not apply in relation to the disposal, and
- (b) for the purposes of paragraphs 6 and 7, the “notional pre-April 2015 gain or loss” and the “notional post-April 2015 gain or loss” are to be determined in accordance with the following steps.
- *Step 1* Determine the amount of the gain or loss which accrues to P on the disposal. For the purpose of determining that amount, no account is taken of section 57B or this Schedule (apart from paragraph 23).
- *Step 2* An amount equal to the post-commencement fraction of that gain or loss is the notional post-April 2015 gain or (as the case may be) loss.
- *Step 3* An amount equal to the pre-commencement fraction of that gain or loss is the notional pre-April 2015 gain or (as the case may be) loss.
- (2) The “post-commencement fraction” is—
$$PCD TD$where—“PCD” is the number of days in the post-commencement ownership period;“TD” is the total number of days in the ownership period.$
- (3) The “pre-commencement fraction” is—
$$TD − PCD TD$where “*PCD*” and “*TD*” have the same meanings as in sub-paragraph (2).$
- (4) In this paragraph—
- “*ownership period*” means the period beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982 and ending with the day before the day on which the disposal occurs;
- “*post-commencement ownership period*” has the meaning given by paragraph 6(5).
### Cases where asset acquired after 5 April 2015 or election made under paragraph 2(1)(b)
##### 9
- (1) This paragraph applies if—
- (a) the disposed of interest was not held by P throughout the period beginning with 5 April 2015 and ending with the disposal, or
- (b) the non-resident CGT disposal is of (or of part of) an interest in UK land in respect of which P makes, or has made, an election under paragraph 2(1)(b).
- (2) The NRCGT gain or loss accruing on the disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which accrues to P. For the purpose of determining the amount of that gain or loss, no account is taken of section 57B or this Schedule (apart from paragraph 23).
- *Step 2* The NRCGT gain or (as the case may be) loss accruing on the disposal is an amount equal to the relevant fraction of that gain or loss (but see Step 3).
- *Step 3* If there has been mixed use of the subject matter of the disposed of interest on one or more days in the relevant ownership period, the NRCGT gain or loss accruing on the disposal is equal to the appropriate fraction of the amount given by Step 2.
- (3) For the purposes of this paragraph there is “mixed use” of land on any day on which the land consists partly, but not exclusively, of one or more dwellings.
- (4) In Step 3 “*the appropriate fraction*” means the fraction that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (5) The gain or loss accruing on the disposal which is not an NRCGT gain or (as the case may be) loss is to be computed as follows.
- *Step 1* In a case where there is a gain under Step 1 of sub-paragraph (2), determine the amount of that gain remaining after the deduction of the NRCGT gain determined under that sub-paragraph. That remaining gain is the gain accruing on the disposal which is not an NRCGT gain.
- *Step 2* In a case where there is a loss under Step 1 of sub-paragraph (2), determine the amount of that loss remaining after deduction of the NRCGT loss determined under that sub-paragraph. That remaining loss is the loss accruing on the disposal which is not an NRCGT loss.
- (6) For the purposes of sub-paragraph (2), “the relevant fraction” is—
$$RD TD$where—“RD” is the number of days in the relevant ownership period on which the subject matter of the disposed of interest consists wholly or partly of a dwelling;“TD” is the total number of days in the relevant ownership period.$
- (7) “*The relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal mentioned in paragraph 4(1) occurs.
### Interest subsisting under contract for off-plan purchase
##### 10
- (1) Sub-paragraph (2) applies where the non-resident CGT disposal referred to in paragraph 4(1) is a disposal of a UK residential property interest only because of the second condition in paragraph 1 of Schedule B1 (interest subsisting under a contract for the acquisition of land that consists of, or includes, a building that is to be constructed for use as a dwelling etc).
- (2) The land that is the subject of the contract concerned is treated for the purposes of this Part of this Schedule as consisting of (or, as the case requires, including) a dwelling throughout P's period of ownership of the disposed of interest.
## PART 4 — Cases involving relevant high value disposals
### Overview
##### 11
- (1) This Part is about non-resident CGT disposals which are, or involve, relevant high value disposals (see section 2B, which charges capital gains tax on ATED-related gains on relevant high value disposals).
- (2) Paragraphs 12 to 15 contain provision about how any NRCGT gains and losses on such a disposal are computed, including provision—
- (a) for the NRCGT gains or losses to be computed for each relevant high value disposal comprised in the non-resident CGT disposal (paragraphs 13 to 15), and
- (b) for the results to be added (where necessary) to find the NRCGT gain or loss on the non-resident CGT disposal (see paragraph 12).
- (3) For provision about how to compute any ATED-related gains or losses accruing on the relevant high value disposals, see Schedule 4ZZA.
- (4) Paragraphs 16 to 19 contain provisions for computing any gains or losses accruing on the disposals mentioned in sub-paragraph (1) which are neither ATED-related nor NRCGT gains or losses, including provision—
- (a) for such balancing gains or losses to be computed for each relevant high value disposal comprised in the non-resident CGT disposal, and
- (b) for the results to be added together (where necessary) to find the balancing gain or loss on the non-resident CGT disposal (see paragraph 16).
- (5) Paragraph 20 is about cases where a disposal which is not a relevant high value disposal is also comprised in the non-resident CGT disposal.
### Disposal involving one or more relevant high value disposals
##### 12
- (1) This Part of this Schedule applies where—
- (a) a person (other than an excluded person) (“P”) makes a non-resident CGT disposal of (or of part of) an interest in UK land, and
- (b) that disposal (“the disposal of land”) is a relevant high value disposal or a relevant high value disposal is comprised in it.
In this sub-paragraph “*excluded person*” has the meaning given by section 2B(2).
- (2) The NRCGT gain or loss accruing on the disposal of land is computed as follows.
- *Step 1* Determine in accordance with paragraphs 13 to 15 the amount of the NRCGT gain or loss accruing on each relevant high value disposal.
- *Step 2* Add together the amounts of any gains or losses determined under Step 1 (treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the NRCGT gain on the disposal of land. If the result is a negative amount, that amount (expressed as a positive number) is the NRCGT loss on the disposal of land. See paragraphs 16 to 19 for how to compute the gain or loss on the disposal of land which is neither ATED-related nor an NRCGT gain or loss.
- (3) For the purposes of this Schedule, a relevant high value disposal is “comprised in” a non-resident CGT disposal if—
- (a) the non-resident CGT disposal is treated for the purposes of section 2C and Schedule 4ZZA as two or more disposals, and
- (b) the relevant high value disposal is one of those.
- (4) In this Part of this Schedule—
- (a) “*the asset*”, in relation to a relevant high value disposal, means the chargeable interest which (or a part of which) is the subject of that disposal, and
- (b) “*the disposed of interest*”, in relation to a relevant high value disposal, means the asset or, if only part of the asset is the subject of the relevant high value disposal, that part of the asset.
- (5) For the purposes of this Part of this Schedule a day is a “*section 14D chargeable day*” in relation to a relevant high value disposal if—
- (a) it is a day on which the subject matter of the disposed of interest consists wholly or partly of a dwelling, but
- (b) it is not an ATED chargeable day (as defined in paragraph 3 of Schedule 4ZZA).
### Assets held at 5 April 2015 (where no election made and no rebasing in 2016 required)
##### 13
- (1) This paragraph applies where—
- (a) the disposed of interest was held by P on 5 April 2015,
- (b) P has not made an election under paragraph 2(1)(b) (or paragraph 5 of Schedule 4ZZA) in respect of the asset, and
- (c) paragraph 15 does not apply.
- (2) The NRCGT gain or loss accruing on the relevant high value disposal is equal to the special fraction of the notional post-April 2015 gain or loss (as the case may be) on that disposal.
- (3) “*Notional post-April 2015 gain or loss*” means the gain or loss which would have accrued on the relevant high value disposal had P acquired the disposed of interest on 5 April 2015 for a consideration equal to the market value of that interest on that date.
- (4) “The special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the post-commencement ownership period;“TD” is the total number of days in the post-commencement ownership period.$
- (5) “*The post-commencement ownership period*” means the period beginning with 6 April 2015 and ending with the day before the day on which the relevant high value disposal occurs.
### Asset acquired after 5 April 2015 or election made under paragraph 2(1)(b) (but no rebasing in 2016 required)
##### 14
- (1) This paragraph applies where—
- (a) P makes, or has made, an election under paragraph 2(1)(b) (or paragraph 5 of Schedule 4ZZA) in respect of the asset, or
- (b) the disposed of interest was not held by P throughout the period beginning with 5 April 2015 and ending with the disposal.
- (2) But this paragraph does not apply if paragraph 15 applies.
- (3) The NRCGT gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount of the gain or loss which accrues to P. (For the purpose of determining the amount of that gain or loss, no account need be taken of section 57B or this Schedule (apart from paragraph 23).)
- *Step 2* The NRCGT gain or loss accruing on the relevant high value disposal is equal to the special fraction of that gain or loss.
- (4) For this purpose “the special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (5) “*Relevant ownership period*” means the period—
- (a) beginning with the day on which P acquired the disposed of interest or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the relevant high value disposal occurs.
### Certain disposals after 5 April 2016 (computation involving additional rebasing in 2016)
##### 15
- (1) This paragraph applies where—
- (a) the disposed of interest was held by P on 5 April 2016,
- (b) the relevant high value disposal falls within Case 3 for the purposes of Schedule 4ZZA (see paragraph 2(4) of that Schedule), and
- (c) no election is or has been made (or treated as made) by P under paragraph 2(1)(b) in respect of the asset.
- (2) The NRCGT gain or loss accruing on the relevant high value disposal is computed as follows.
- *Step 1* Determine the amount equal to the special fraction of the notional post-April 2016 gain or loss (as the case may be).
- *Step 2* Determine the amount equal to the special fraction of the notional pre-April 2016 gain or loss (as the case may be).
- *Step 3* Add—the amount of any gain or loss determined under Step 1, andthe amount of any gain or loss determined under Step 2,(treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the NRCGT gain on the relevant high value disposal. If the result is a negative amount, that amount (expressed as a positive number) is the NRCGT loss on the relevant high value disposal.
- (3) “The special fraction” is—
$$SD TD$where—“SD” is the number of section 14D chargeable days (see paragraph 12(5)) in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (4) The “relevant ownership period” is—
- (a) for the purpose of computing under Step 1 of sub-paragraph (2) the special fraction of the notional post-April 2016 gain or loss, the period beginning with 6 April 2016 and ending with the day before the day on which the relevant high value disposal occurs;
- (b) for the purpose of computing under Step 2 of sub-paragraph (2) the special fraction of the notional pre-April 2016 gain or loss, the period beginning with the day on which P acquired the disposed of interest or, if later, 6 April 2015 and ending with 5 April 2016.
- (5) “*Notional post-April 2016 gain or loss*” means the gain or loss which would have accrued on the relevant high value disposal had P acquired the disposed of interest on 5 April 2016 for a consideration equal to its market value on that date.
- (6) If the disposed of interest was not held by P on 5 April 2015, “*notional pre-April 2016 gain or loss*” means the gain or loss which would have accrued on 5 April 2016 had the disposed of interest been disposed of for a consideration equal to the market value of the interest on that date.
- (7) If the disposed of interest was held by P on 5 April 2015, “*notional pre-April 2016 gain or loss*” means the gain or loss which would have accrued to P on the disposal mentioned in paragraph (b), had P—
- (a) acquired the disposed of interest on 5 April 2015 for a consideration equal to the market value of that interest on that date, and
- (b) disposed of that interest on 5 April 2016 for a consideration equal to the market value of that interest on that date.
### Amount of gain or loss that is neither ATED-related nor an NRCGT gain or loss
##### 16
- (1) The gain or loss on the disposal of land (see paragraph 12(1)(b)) which is neither ATED-related nor an NRCGT gain or loss (“the balancing gain or loss”) is computed as follows.
- *Step 1* Determine in accordance with paragraphs 17 to 19 the amount of the gain or loss accruing on each relevant high value disposal which is neither ATED-related nor an NRCGT gain or loss. This is the “balancing” gain or loss for each such disposal.
- *Step 2* Add together the amounts of any balancing gains or losses determined under Step 1 (treating any amount which is a loss as a negative amount). If the result is a positive amount, that amount is the balancing gain on the disposal of land. If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the disposal of land.
- (2) In relation to a relevant high value disposal, “*balancing day*” means a day which is neither—
- (a) a section 14D chargeable day (see paragraph 12(5)), nor
- (b) an ATED chargeable day.
- (3) In relation to a relevant high value disposal, “*non-ATED chargeable day*” means a day which is not an ATED chargeable day.
- (4) The references in sub-paragraphs (2) and (3) to an “ATED chargeable day” are to be interpreted in accordance with paragraph 3(6) of Schedule 4ZZA.
##### 17
- (1) This paragraph applies in relation to a relevant high value disposal to which paragraph 13 applies.
- (2) If paragraph 6A of Schedule 4ZZA does not apply, the amount of the balancing gain or loss on the relevant high value disposal is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2015 gain or loss, and
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2015 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (3) If paragraph 6A of Schedule 4ZZA applies, the amount of the balancing gain or loss on the relevant high value disposal is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2015 gain or loss,
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2015 gain or loss, and
- (c) if P held the disposed of interest on 5 April 2013, the amount of the notional pre-April 2013 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (4) The balancing gain or loss belonging to the notional post-April 2015 gain or loss is equal to the balancing fraction of the notional post-April 2015 gain or loss.
- (5) The balancing gain or loss belonging to the notional pre-April 2015 gain or loss is equal to the non-ATED related fraction of the notional pre-April 2015 gain or loss.
- (6) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days (see paragraph 16(2)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (7) “The non-ATED related fraction” is—
$$NAD TD$where—“NAD” is the number of non-ATED chargeable days (see paragraph 16(3)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (8) “*Appropriate ownership period*” means—
- (a) for the purpose of computing the balancing gain or loss belonging to the notional post-April 2015 gain or loss, the post-commencement ownership period defined in paragraph 13(5);
- (b) for the purpose of computing the balancing gain or loss belonging to the notional pre-April 2015 gain or loss, the relevant ownership period defined in paragraph 6A(11) of Schedule 4ZZA.
- (9) In this paragraph—
- (a) “*notional post-April 2015 gain or loss*” has the same meaning as in paragraph 13;
- (b) “*notional pre-April 2015 gain or loss*” has the same meaning as in paragraph 6A of Schedule 4ZZA;
- (c) “*notional pre-April 2013 gain or loss*” means the gain or loss which would have accrued on 5 April 2013 had the disposed of interest been disposed of for a consideration equal to the market value of that interest at that date.
##### 18
- (1) In the case of a relevant high value disposal to which paragraph 14 applies, the amount of the balancing gain or loss is determined as follows.
- (2) Determine the number of balancing days (see paragraph 16(2)) in the relevant ownership period.
- (3) The balancing gain or loss on the disposal is equal to the balancing fraction of the amount of the gain or (as the case may be) loss determined under Step 1 of paragraph 14(3).
- (4) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days in the relevant ownership period;“TD” is the total number of days in the relevant ownership period.$
- (5) In this paragraph “*relevant ownership period*” has the same meaning as in paragraph 14.
##### 19
- (1) The amount of the balancing gain or loss on a relevant high value disposal to which paragraph 15 applies is found by adding—
- (a) the amount of the balancing gain or loss belonging to the notional post-April 2016 gain or loss,
- (b) the amount of the balancing gain or loss belonging to the notional pre-April 2016 gain or loss, and
- (c) if P held the disposed of interest on 5 April 2015, the amount of the notional pre-April 2015 gain or loss,
(treating any amount which is a loss as a negative amount).
If the result is a positive amount, that amount is the balancing gain on the relevant high value disposal.
If the result is a negative amount, that amount (expressed as a positive number) is the balancing loss on the relevant high value disposal.
- (2) The balancing gain or loss belonging to the notional post-April 2016 gain or loss is equal to the balancing fraction of the notional post-April 2016 gain or loss.
- (3) The balancing gain or loss belonging to the notional pre-April 2016 gain or loss is equal to the balancing fraction of the notional pre-April 2016 gain or loss.
- (4) “The balancing fraction” is—
$$BD TD$where—“BD” is the number of balancing days (see paragraph 16(2)) in the appropriate ownership period;“TD” is the total number of days in the appropriate ownership period.$
- (5) The appropriate ownership period is—
- (a) for the purpose of computing the balancing gain or loss belonging to the notional post-April 2016 gain or loss, the relevant ownership period mentioned in paragraph 15(4)(a);
- (b) for the purpose of computing the balancing gain or loss belonging to the notional pre-April 2016 gain or loss, the relevant ownership period mentioned in paragraph 15(4)(b).
- (6) In this paragraph—
- (a) “notional post-April 2016 gain or loss” and “notional pre-April 2016 gain or loss” mean the same as in paragraph 15;
- (b) “*notional pre-April 2015 gain or loss*” means the gain or loss which would have accrued on 5 April 2015 if the disposed of interest had been disposed of for a consideration equal to the market value of that interest on that date.
### Where relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 20
- (1) This paragraph applies where the disposals comprised in the disposal of land (see paragraph 12(3)) include a disposal (the “non-ATED related disposal”) which is not a relevant high value disposal.
- (2) This Part of this Schedule (apart from this paragraph) applies in relation to the non-ATED related disposal as if it were a relevant high value disposal.
- (3) Sub-paragraph (4) applies if there has, at any time in the relevant ownership period, been mixed use of the subject matter of the disposed of interest.
- (4) The amount of any NRCGT gain or loss on the non-ATED related disposal computed under this Part of this Schedule is taken to be the appropriate fraction of the amount that it would otherwise be.
- (5) In sub-paragraph (4) “*the appropriate fraction*” means the fraction that is, on a just and reasonable apportionment, attributable to the dwelling or dwellings.
- (6) In this paragraph “*the relevant ownership period*” means, as applicable—
- (a) the post-commencement ownership period, as defined in paragraph 13(5),
- (b) the relevant ownership period, as defined in paragraph 14(5), or
- (c) the relevant ownership period as defined in paragraph 15(4).
### Interest subsisting under contract for off-plan purchase
##### 21
- (1) Sub-paragraph (2) applies where the non-resident CGT disposal made by P as mentioned in paragraph 12(1) is a disposal of a UK residential property interest only because of the second condition in paragraph 1 of Schedule B1 (interest subsisting under a contract for the acquisition of land that consists of, or includes, a building that is to be constructed for use as a dwelling etc).
- (2) The land that is the subject of the contract concerned is treated for the purposes of this Part of this Schedule as consisting of (or, as the case requires, including) a dwelling throughout P's period of ownership of the interest in UK land.
## PART 5 — Special rules for companies
##### 22
This Part of this Schedule applies where the person making the non-resident CGT disposal is a company.
### Indexation
##### 23
The following amounts are computed as if the computation were for corporation tax purposes—
- (a) the notional post-April 2015 gain or loss for the purposes of paragraphs 6 and 7;
- (b) the notional pre-April 2015 gain or loss for the purposes of paragraphs 6 and 7;
- (c) the gain or loss determined under Step 1 of paragraph 9(2);
- (d) the notional post-April 2015 gain or loss for the purposes of paragraph 13;
- (e) the gain or loss determined under Step 1 of paragraph 14(3);
- (f) the notional post-April 2016 gain or loss for the purposes of paragraph 15;
- (g) the notional pre-April 2016 gain or loss for the purposes of paragraph 15;
- (h) the notional post-April 2015 gain or loss, the notional pre-April 2015 gain or loss and the notional pre-April 2013 gain or loss for the purposes of paragraph 17;
- (i) the notional post-April 2016 gain or loss, the notional pre-April 2016 gain or loss and the notional pre-April 2015 gain or loss for the purposes of paragraph 19.
## PART 6 — Miscellaneous provisions
### Wasting assets
##### 24
- (1) Sub-paragraph (2) applies where it is necessary, for the purposes of a relevant computation, to determine whether or not the asset which is the subject of the disposal in question is a wasting asset (as defined for the purposes of Chapter 2 of Part 2).
- (2) The assumption (which operates for the purposes of that computation) that the asset was acquired on 5 April 2015 or, as the case may be, 5 April 2016 is to be ignored in determining that question.
- (3) In sub-paragraph (1) “*relevant computation*” means a computation of—
- (a) the notional post-April 2015 gain or loss accruing to a person on a non-resident CGT disposal in accordance with paragraph 5(2)(a),
- (b) the notional post-April 2015 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 13(3),
- (c) the notional post-April 2016 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 15(5), or
- (d) the notional pre-April 2016 gain or loss accruing to a person on a disposal in accordance with paragraph 15(7).
### Capital allowances
##### 25
- (1) Sub-paragraph (2) applies where it is to be assumed for the purpose of computing—
- (a) the notional post-April 2015 gain or loss accruing to a person on a non-resident CGT disposal in accordance with paragraph 5(2)(a),
- (b) the notional post-April 2015 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 13(3),
- (c) the notional post-April 2016 gain or loss accruing to a person on a relevant high value disposal in accordance with paragraph 15(5), or
- (d) the notional pre-April 2016 gain or loss accruing to a person on a disposal in accordance with paragraph 15(7),
that an asset was acquired by a person on 5 April 2015 or (as the case may be) 5 April 2016 (“the deemed acquisition date”) for a consideration equal to its market value on that date.
- (2) For the purposes of that computation, sections 41 (restriction of losses by reference to capital allowances and renewals allowances) and 47 (wasting assets qualifying for capital allowances) are to apply in relation to any capital allowance or renewals allowance made in respect of the expenditure actually incurred by the person in acquiring or providing the asset as if that allowance were made in respect of the expenditure treated as incurred by the person on the deemed acquisition date as mentioned in sub-paragraph (1).
## PART 7 — Interpretation
##### 26
In this Schedule—
- “*chargeable interest*” has the same meaning as in Part 3 of the Finance Act 2013 (annual tax on enveloped dwellings) (see section 107 of that Act);
- “*dwelling*” has the meaning given by paragraph 4 of Schedule B1;
- “*subject matter*”, in relation to an interest in UK land (or a chargeable interest) means the land to which the interest relates.
#### Treating trade loss etc as CGT loss
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
#### Provisions supplementary to section 279A
#### Effect of election under section 279A
#### Consideration payable by instalments.
#### Repayment supplements.
#### Elections under section 279A
#### Recovery of tax from donee.
2015-05-26
Taxation of Chargeable Gains Act 1992
2015-04-06
Taxation of Chargeable Gains Act 1992
2015-04-01
Taxation of Chargeable Gains Act 1992
2015-03-26
Taxation of Chargeable Gains Act 1992
2015-03-18
Taxation of Chargeable Gains Act 1992
2015-02-13
Taxation of Chargeable Gains Act 1992
2014-08-01
Taxation of Chargeable Gains Act 1992
2014-07-17
Taxation of Chargeable Gains Act 1992
2014-04-22
Taxation of Chargeable Gains Act 1992
2014-04-06
Taxation of Chargeable Gains Act 1992
2014-01-01
Taxation of Chargeable Gains Act 1992
2013-09-30
Taxation of Chargeable Gains Act 1992
2013-07-17
Taxation of Chargeable Gains Act 1992
2013-06-08
Taxation of Chargeable Gains Act 1992
2013-04-01
Taxation of Chargeable Gains Act 1992
2013-03-01
Taxation of Chargeable Gains Act 1992
2012-12-31
Taxation of Chargeable Gains Act 1992
2012-09-01
Taxation of Chargeable Gains Act 1992
2012-08-01
Taxation of Chargeable Gains Act 1992
2012-07-17
Taxation of Chargeable Gains Act 1992
2012-04-06
Taxation of Chargeable Gains Act 1992
2012-04-01
Taxation of Chargeable Gains Act 1992
2012-03-01
Taxation of Chargeable Gains Act 1992
2011-11-15
Taxation of Chargeable Gains Act 1992
2011-10-01
Taxation of Chargeable Gains Act 1992
2011-07-19
Taxation of Chargeable Gains Act 1992
2011-07-01
Taxation of Chargeable Gains Act 1992
2011-05-27
Taxation of Chargeable Gains Act 1992
2011-04-01
Taxation of Chargeable Gains Act 1992
2011-02-08
Taxation of Chargeable Gains Act 1992
2011-02-01
Taxation of Chargeable Gains Act 1992
2010-12-16
Taxation of Chargeable Gains Act 1992
2010-07-27
Taxation of Chargeable Gains Act 1992
2010-04-08
Taxation of Chargeable Gains Act 1992
2010-04-01
Taxation of Chargeable Gains Act 1992
2010-03-18
Taxation of Chargeable Gains Act 1992
2010-03-06
Taxation of Chargeable Gains Act 1992
2010-01-01
Taxation of Chargeable Gains Act 1992
2009-12-01
Taxation of Chargeable Gains Act 1992
2009-10-01
Taxation of Chargeable Gains Act 1992
2009-08-13
Taxation of Chargeable Gains Act 1992
2009-07-21
Taxation of Chargeable Gains Act 1992
2009-04-22
Taxation of Chargeable Gains Act 1992
2009-04-06
Taxation of Chargeable Gains Act 1992
2009-04-01
Taxation of Chargeable Gains Act 1992
2009-02-21
Taxation of Chargeable Gains Act 1992
2009-02-03
Taxation of Chargeable Gains Act 1992
2009-01-01
Taxation of Chargeable Gains Act 1992
2008-12-01
Taxation of Chargeable Gains Act 1992
2008-09-08
Taxation of Chargeable Gains Act 1992
2008-07-22
Taxation of Chargeable Gains Act 1992
2008-07-21
Taxation of Chargeable Gains Act 1992
2008-07-08
Taxation of Chargeable Gains Act 1992
original version
Text at this date