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
Changes on 2019-11-04
@@ -4181,7 +4181,7 @@
- CLASS 6Ewe and suckler cow premium quotas (that is, rights in respect of any ewes or suckler cows to receive payments by way of any subsidy entitlement to which is determined by reference to limits contained in a Community instrument).
- CLASS 7 Fish quota (that is, an allocation of quota to catch fish stocks, which derives from the Total Allowable Catches set in pursuance of Article 8(4) of Council Regulation [(EEC) 3760/92](https://www.legislation.gov.uk/eur/1992/3760) and under annual Council Regulations made in accordance with that Article, or under any replacement Community Instruments).
- CLASS 7 Fish quota (that is, an allocation of quota to catch fish stocks, which derives from the Total Allowable Catches set in pursuance of Article 8(4) of Council Regulation [(EEC) 3760/92](https://www.legislation.gov.uk/european/regulation/1992/3760) and under annual Council Regulations made in accordance with that Article, or under any replacement Community Instruments).
- CLASS 7A Assets within heads A and B below. Head APayment entitlements under the single payment scheme (that is, the scheme of income support for farmers in pursuance of Title III of Council Regulation (EC) No 73/2009).Head B Payment entitlements under the basic payment scheme (that is, the scheme of income support for farmers in pursuance of Regulation (EU) No 1307/2013 of the European Parliament and of the Council).
@@ -4669,7 +4669,7 @@
- (10A) Where the principal company of a group (Group 1)—
- (a) becomes an SE by reason of being the acquiring company in the formation of an SE by merger by acquisition (in accordance with Articles 2(1), 17(2)(a) and 29(1) of Council Regulation [(EC) 2157/2001](https://www.legislation.gov.uk/eur/2001/2157) on the Statute for a European Company (Societas Europaea)),
- (a) becomes an SE by reason of being the acquiring company in the formation of an SE by merger by acquisition (in accordance with Articles 2(1), 17(2)(a) and 29(1) 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) becomes a subsidiary of a holding SE (formed in accordance with Article 2(2) of that Regulation), or
@@ -11242,15 +11242,15 @@
## SCHEDULE 12
#### Territorial scope
#### Rates of capital gains tax
#### Consideration chargeable to tax on income.
#### Capital gains tax
#### Supplementary provisions
#### Re-basing in relation to direct or indirect disposals of UK land
#### Individual who has made election under section 16ZA and to whom remittance basis applies
#### Restriction of losses: long funding leases of plant or machinery
#### Restriction of losses by reference to capital allowances and renewals allowances.
#### Part disposals.
@@ -11342,7123 +11342,7127 @@
and in this subsection the reference to a group of companies shall be construed in accordance with section 170(2) to (14).
#### Transfer between settlements: identification of settlor
### Transfers concerning companies of different member States
##### 140A
- (1) This section applies where—
- (a) a company resident in one member State (the transferor) transfers the whole or part of a business carried on by it in the United Kingdom to a company resident in another member State (the transferee),
- (b) the transfer is wholly in exchange for shares or debentures issued by the transferee to the transferor,
- (c) a claim is made under this section by the transferor and the transferee,
- (d) section 140B does not prevent this section applying, and
- (e) the appropriate condition is met in relation to the transferee immediately after the time of the transfer.
- (1A) This section also applies where a company transfers part of its business to one or more companies if—
- (a) the transferor is resident in one member State,
- (b) the part of the transferor’s business which is to be transferred is carried on by the transferor in the United Kingdom,
- (c) at least one transferee is resident in a member State other than that in which the transferor is resident,
- (d) the transferor company continues to carry on a business after the transfer,
- (e) the conditions in subsection (1)(c) to (e) are satisfied (for which purpose references to the transferee shall be taken as references to each of the transferees), and
- (f) either of the following conditions is satisfied.
- (1B) Condition 1 is that the transfer is made in exchange for the issue of shares in or debentures of each transferee company to the persons holding shares in or debentures of the transferor.
- (1C) Condition 2 is that the transfer is not made in exchange for the issue of shares in or debentures of each transferee by reason only, and to the extent only, that a transferee is prevented from complying with Condition 1 by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or by a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself.
- (1D) If Condition 2 applies in relation to the whole or part of a transfer, sections 24 and 122 do not apply in relation to the transfer.
- (2) Where immediately after the time of the transfer the transferee (or each of the transferees) is not resident in the United Kingdom, the appropriate condition is that were it to dispose of the assets included in the transfer any chargeable gains accruing to it on the disposal would form part of its chargeable profits for corporation tax purposes by virtue of section 2B(3).
- (3) Where immediately after the time of the transfer the transferee (or each of the transferees) is resident in the United Kingdom, the appropriate condition is that none of the assets included in the transfer is one in respect of which, by virtue of the asset being of a description specified in double taxation relief arrangements, the company falls to be regarded for the purposes of the arrangements as not liable in the United Kingdom to tax on gains accruing to it on a disposal.
- (4) Where this section applies—
- (a) the transferor and the transferee (or each of the transferees) shall be treated, so far as relates to corporation tax on chargeable gains, as if any assets included in the transfer were acquired by the transferee (or each of the transferees) from the transferor for a consideration of such amount as would secure that on the disposal by way of transfer neither a gain nor a loss would accrue to the transferor;
- (b) section 25(3) shall not apply to any such assets by reason of the transfer (if it would apply apart from this paragraph).
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140B
- (1) Section 140A shall not apply unless the transfer of the business or part 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 income tax, corporation tax or capital gains tax.
- (2) Subsection (1) above shall not apply where, before the transfer, the Board have on the application of the transferor and the transferee (or each of the transferees) notified those companies that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any such scheme or arrangements as are mentioned in that subsection.
- (3) Subsections (2) to (5) of section 138 shall have effect in relation to subsection (2) above as they have effect in relation to subsection (1) of that section.
##### 140C
- (1) This section applies where—
- (a) a company resident in the United Kingdom (the transferor) transfers to a company resident in another member State (the transferee) the whole or part of a business which, immediately before the time of the transfer, the transferor carried on in a member State other than the United Kingdom through a permanent establishment,
- (b) the transfer includes the whole of the assets of the transferor used for the purposes of the business or part (or the whole of those assets other than cash),
- (c) the transfer is wholly or partly in exchange for shares or debentures issued by the transferee to the transferor,
- (d) the aggregate of the chargeable gains accruing to the transferor on the transfer exceeds the aggregate of the allowable losses so accruing,
- (e) a claim is made under this section by the transferor, and
- (f) section 140D does not prevent this section applying.
- (1A) This section also applies where a company resident in the United Kingdom transfers part of its business to one or more companies if—
- (a) the part of the transferor’s business which is to be transferred is carried on, immediately before the time of the transfer, by the transferor in a member State other than the United Kingdom through a permanent establishment,
- (b) at least one transferee is resident in a member State other than the United Kingdom,
- (c) the transferor company continues to carry on a business after the transfer,
- (d) the conditions in subsection (1)(b), (d), (e) and (f) are satisfied, and
- (e) either of the following conditions is satisfied.
- (1B) Condition 1 is that the transfer is made in exchange for the issue of shares in or debentures of each transferee company to the persons holding shares in or debentures of the transferor.
- (1C) Condition 2 is that the transfer is not made in exchange for the issue of shares in or debentures of each transferee by reason only, and to the extent only, that a transferee is prevented from complying with Condition 1 by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or by a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself.
- (2) In a case where this section applies, this Act shall have effect in accordance with subsection (3) below.
- (3) The allowable losses accruing to the transferor on the transfer shall be set off against the chargeable gains so accruing and 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) No claim may be made under this section as regards a transfer in relation to which a claim is made under section 140.
- (5) In a case 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.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140D
- (1) Section 140C shall not apply unless the transfer of the business or part 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 income tax, corporation tax or capital gains tax.
- (2) Subsection (1) above shall not apply where, before the transfer, the Board have on the application of the transferor notified that company that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any such scheme or arrangements as are mentioned in that subsection.
- (3) Subsections (2) to (5) of section 138 shall have effect in relation to subsection (2) above as they have effect in relation to subsection (1) of that section.
##### 149A
- (1) This section applies where—
- (a) an option is granted on or after 16th March 1993,
- (b) 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), and
- (c) section 17(1) of this Act would (apart from this section) apply for the purposes of calculating the consideration for the grant of the option.
- (2) Both the grantor of the option and the person to whom the option is granted shall be treated for the purposes of this Act as if section 17(1) did not apply for the purposes of calculating the consideration and, accordingly, as if the amount or value of the consideration was its actual amount or value.
- (3) Where the option is granted wholly or partly in recognition of services or past services in any office or employment, the value of those services shall not be taken into account in calculating the actual amount or value of the consideration.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter IA — Roll-over relief on re-investment
#### Transfer between settlements: identification of settlor
##### 164A
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##### 164B
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##### 164C
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##### 164D
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##### 164E
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##### 164F
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##### 164G
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##### 164H
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##### 164I
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##### 164J
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##### 164K
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##### 164L
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##### 164M
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##### 164N
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#### Gains and losses on disposals of residential property interests
##### 177A
Schedule 7A to this Act (which makes provision in relation to losses accruing to a company before the time when it becomes a member of a group of companies ... ) shall have effect.
#### Exemption for authorised unit trusts etc.
#### Transfer between settlements: identification of settlor
#### Trustees of settlements.
#### Sub-fund settlements
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
##### 214A
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##### 214B
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### Friendly societies
##### 217A
- (1) This section and section 217B apply where a registered friendly society is incorporated under the Friendly Societies Act 1992 (“the 1992 Act").
- (2) In this section and section 217B—
- (a) “*the registered society*” means the society before the incorporation, and
- (b) “*the incorporated society*” means the society after the incorporation.
- (3) For the purposes of corporation tax on chargeable gains—
- (a) any asset of the registered society that by virtue of section 6(2) or (3) of the 1992 Act is transferred to the incorporated society,
- (b) any asset of a branch of the registered society that by virtue of section 6(4) of the 1992 Act is transferred to the incorporated society, and
- (c) any asset of a branch of the registered society that is identified in a scheme under section 6(5) of the 1992 Act,
shall be taken to be disposed of by the registered society or branch and acquired by the incorporated society on the incorporation for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the registered society or branch.
##### 217B
- (1) In this section, “*change of membership*” means a change effected by Schedule 4 to the 1992 Act whereby a member of the registered society or of a branch of the registered society becomes a member of the incorporated society or of a branch of the incorporated society.
- (2) For the purposes of this Act, a change of membership shall not be taken to involve any disposal or acquisition of an asset by the member concerned, but all the interests and rights in the incorporated society or a branch of the incorporated society that he has immediately after the change, taken together, shall be treated as a single asset which—
- (a) was acquired by the first relevant acquisition, and
- (b) was added to by any subsequent relevant acquisitions.
- (3) In subsection (2) above, “*relevant acquisition*” means an acquisition by which the member acquired any interest or right in the registered society or a branch of the registered society that he had immediately before the change of membership.
##### 217C
- (1) Where any asset acquired on a disposal to which section 217A(3) applies is subsequently disposed of by the incorporated society, section 41 shall apply as if any capital allowance made to the registered society in respect of the asset had been made to the incorporated society.
- (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.
#### Exemption for authorised unit trusts etc.
#### Holding beginning or ceasing to fall within section 490 of CTA 2009
#### Section 119A: unremitted Part 7A income
#### Meaning of “arise” in Chapter 5
#### Postponement of charge on transfer of assets to non-resident company.
#### Effect of share loss relief
## 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 2A(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 2A(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 1218B 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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)
[^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).
[^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).
[^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).
[^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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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 (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-fe7dc1150b20310078b4e7112c67a125]: 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, 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))
[^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-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-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-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-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-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-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
[^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 (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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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) 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-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-37384c0868d5acd17cfdb08f2a2e2bb8]: Words in s. 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) 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) 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 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-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-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-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-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-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-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) 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)
[^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) 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))
[^key-77f001ba571e365245fa03ede76b2a52]: Words in s. 66(5) substituted (1.10.2015) by [Deregulation Act 2015 (c. 20)](https://www.legislation.gov.uk/ukpga/2015/20), [s. 115(7)](https://www.legislation.gov.uk/ukpga/2015/20/section/115/7), [Sch. 6 para. 2(12)](https://www.legislation.gov.uk/ukpga/2015/20/schedule/6/paragraph/2/12) (with [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2015/20/schedule/6/paragraph/3)); [S.I. 2015/1732](https://www.legislation.gov.uk/uksi/2015/1732), [art. 2(e)(i)](https://www.legislation.gov.uk/uksi/2015/1732/article/2/e/i)
[^key-92a8381e714c2a284582fa7473cf3b1d]: S. 222(8A)-(8D) applied by Inheritance Tax Act 1984 (c. 51), s. 8H(7) (as inserted (18.11.2015) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [s. 9(4)](https://www.legislation.gov.uk/ukpga/2015/33/section/9/4))
[^key-04acd73cd7ff2762bcf0eda082aafcda]: Words in s. 151E(1) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/2/a)
[^key-67809b63bc89c9eecb03c35ed8d699a5]: Words in s. 151E(1) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/2/b)
[^key-e54ffa87470d8088a95cbc6d836ba896]: S. 151E(1A) inserted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(3)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/3)
[^key-e022a4fc97529bd5149a58dc34a88cad]: Pt. 3 Ch. 5 inserted (with effect in accordance with s. 43(2)-(4) of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2015/33/section/43/1)
[^key-991123b15dab5827557ab52d47adadf2]: Words in s. 263CA(9)(e) inserted (6.4.2016) by [The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)](https://www.legislation.gov.uk/uksi/2016/481), [reg. 1](https://www.legislation.gov.uk/uksi/2016/481/regulation/1), [Sch. 1 para. 10](https://www.legislation.gov.uk/uksi/2016/481/schedule/1/paragraph/10)
[^key-7052fa54e95b2237c7537c8679ec09e6]: S. 116 excluded by Income Tax Act 2007 (c. 3), s. 809FZD(4) (as inserted (with effect in accordance with s. 37(4) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2016/24/section/37/2))
[^key-8eec48a298121a3be97019f36154d494]: S. 169I modified (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/6/2) (with [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/6/3))
[^key-1319469f645fa7b2544d396556df1388]: Words in s. 37(5A)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(7)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/7) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-bab5977e2f169dd65616e087ba9fe3d3]: Words in s. 37(5)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/8) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-c060d8e3e25be01b30117e8a6c9fe2df]: Words in s. 39(4)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/9) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-57138ababf4926fb5e90f8cf48ab0bb3]: Words in s. 39(5)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/8) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-9833980308dc4dd3fc80944bd6400da0]: S. 41(4)(aa) inserted (with effect in accordance with s. 73(8)(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/73/3)
[^key-d40aed8396e8527e468d5ba69fd861f6]: S. 62(4A)(4B) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/3)
[^key-f03bc97755add8c2dc7b5a4a52a8da70]: Words in s. 151(2) substituted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/2/a)
[^key-0abebb338aa32185155ac97a254b3372]: S. 151(2)(aa)-(ac) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/2/b)
[^key-68f5ad7a979ad4991b288c90f9e5aa13]: S. 161(6)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/9) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-06ed1ef640197e811b3d169b3604f975]: S. 161(5)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(10)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/10) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-085ddd6da0e8e7681a03f5d3c1335848]: Words in s. 169H(7) substituted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 2](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/2)
[^key-052146c507fe580aa8bfb9cec236c79d]: Word in s. 169K(1)(a) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/2/a)
[^key-633d8da5ffcbe90edd4a535d34ab9ca4]: Words in s. 169K(1)(b) substituted (with effect in accordance with s. 84(14) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/2/b)
[^key-e304401947bf5ba7c0ac739c4912aa25]: S. 169K(1AA)(1AB) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/3)
[^key-7a25e2006dc6fc5db5db95668bebd09c]: Words in s. 169K(1E) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/4/a)
[^key-8f15ae0c81029c7ab2d5f7ecb9212ba8]: Words in s. 169K(1E) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(4)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/4/b)
[^key-1959c47b4d58811160cf1848e921f7b0]: Words in s. 169K(3AA) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(5)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/5)
[^key-e21a7e1bd4e7a25da30f2903deb396d0]: Words in s. 169K(3B) substituted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(6)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/6)
[^key-367247cca19353571f54692fe45b06fb]: S. 169K(3BA) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(7)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/7)
[^key-05dd22d6ea62f89c131d906622d8347d]: Word in s. 169K(3C) substituted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/8)
[^key-24436488fcc564093749814c1e6a1602]: S. 169K(4A) inserted (with effect in accordance with s. 84(14) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/9)
[^key-de79a44d31589a13eda84347a914640d]: S. 169K(6) omitted (with effect in accordance with s. 84(13) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(10)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/10)
[^key-81d54e35d2156309e9b9899d8bf71eb9]: S. 169K(6A) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(11)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/11)
[^key-032490099e530ac601ff3ef6157b1c38]: Word in s. 169K(9) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(12)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/12)
[^key-61dfa189cfdf357df1b9cc5cf1b7e92f]: S. 169LA(1A)-(1C) inserted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/3)
[^key-1527b58849ef0ea8cd37efb515e1fbb5]: S. 169LA(2)(3) omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(4)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/4)
[^key-1ad01934d5d3f47e2958211e24a83979]: Words in s. 169LA(5) omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/5)
[^key-2c126ff145e9882376d30046425ed844]: S. 169LA(7)(b) and preceding word omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(6)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/6)
[^key-90475dd5720c8130a46fbfbb8e7d8be4]: Words in s. 169LA(8) inserted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(7)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/7/a)
[^key-c46ebcc1723ae55d60c468138c28f3cd]: Words in s. 169LA(8) substituted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(7)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/7/b)
[^key-871e56199fe0d770be9b712ca10a19e2]: Words in s. 169LA heading substituted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/8)
[^key-f2e3ef9cd988fed297a6885820562384]: S. 238A(2)(d) and preceding word omitted (with effect in accordance with Sch. 3 para. 9(4) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/3/paragraph/9/1)
[^key-b4e18a863f01f6f677a3d540f22baac2]: Sch. 7D Pt. 4 omitted (with effect in accordance with Sch. 3 para. 9(4) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/3/paragraph/9/2)
[^key-23127f728364967033e2790b75b01272]: S. 169SA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/4)
[^key-cce6fb7c2219fa49303d75fd65c028ee]: Sch. 7ZA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/5)
[^key-f7d7883da2414551142e931984f192b5]: [Sch. 7ZB](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZB) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/3)
[^key-7177bb8eb9bb90accaa0266ba7c746c1]: Words in Pt. 5 heading inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/1/1)
[^key-d7a1ddaceefe4c583d58a897baaffe28]: Words in Pt. 5 Ch. 1 heading inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/1/2)
[^key-da6373f53cd2a48dadc69f2b31893233]: Pt. 5 Ch. 5 inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/2)
[^key-308765c9f6005b796316f7b3f194bf71]: Words in [Sch. 7A para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/8/2/c) substituted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 55(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/55/a)
[^key-612a42ac95a5fcb661544bae7f1cbbe9]: Words in s. 66(5) substituted (30.11.2016) by [The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)](https://www.legislation.gov.uk/uksi/2016/1034), [art. 1](https://www.legislation.gov.uk/uksi/2016/1034/article/1), [Sch. 1 para. 10(a)](https://www.legislation.gov.uk/uksi/2016/1034/schedule/1/paragraph/10/a)
[^key-891e137f3f80b3718ad1e0d9ef324ec8]: Word in s. 66(5) substituted (30.11.2016) by [The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)](https://www.legislation.gov.uk/uksi/2016/1034), [art. 1](https://www.legislation.gov.uk/uksi/2016/1034/article/1), [Sch. 1 para. 10(b)](https://www.legislation.gov.uk/uksi/2016/1034/schedule/1/paragraph/10/a)
[^key-d8c806994dd172bd438627def8db088d]: S. 96(10)(aa) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [4](https://www.legislation.gov.uk/uksi/2017/495/article/4)
[^key-6395bfd33c8dcaa81fd79e0ebd600bc8]: Sch. 5 para. 2A(9A) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(2)](https://www.legislation.gov.uk/uksi/2017/495/article/5/2)
[^key-3b52cad7f59ded133900cb23ab0d1a87]: Sch. 5 para. 8(8A) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(3)](https://www.legislation.gov.uk/uksi/2017/495/article/5/3)
[^key-f0f1313a0d28661015dde354b8da5faa]: Sch. 5 para. 9(10ZA) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(4)](https://www.legislation.gov.uk/uksi/2017/495/article/5/4)
[^key-2d78f04f830b9931a98a4e22b0686db2]: Word in [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/2/a) inserted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/a/i)
[^key-1bb5b085d9603cbbf97961ca83d1a935]: [S. 58(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/2/c) and preceding word omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/a/ii)
[^key-d836a7dffd04070203a5ef3221aeae22]: [S. 58(3)-(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/3) omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(b)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/b)
[^key-ca61ea72b99832eb35247c1201600192]: [S. 149AA(6A)](https://www.legislation.gov.uk/ukpga/1992/12/section/149AA/6A) substituted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/3)
[^key-043722aeb007e36dba637bb8a9342f33]: Ss. 236B-236F omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/4)
[^key-8397227534cd94395ca811595019416e]: Words in s. 236G(1) substituted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/5)
[^key-14c24aa4047e8c3a58e05f0481947a17]: [S. 58(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/1) excluded (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 41(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/41/6)
[^key-0c0704955ff9c85d89271555f69ba0b3]: Act modified (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 41(8)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/41/8)
[^key-cd87fbeb390d06a9324d1c5e3124806c]: S. 16ZA(1)-(3) substituted (with effect in accordance with Sch. 8 para. 3(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/3/2)
[^key-5b4060d65e0de443772e749c4f6a9e2c]: S. 16ZA(7) inserted (with effect in accordance with Sch. 8 para. 3(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/3/3)
[^key-dc2d5268ca94b7b8b430d501b0664201]: S. 37(1A)-(1C) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/44)
[^key-f4814613fd03a6f746b67825359339c0]: S. 41(4)(zaa) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/2)
[^key-b7c1a4c480183c5eb257ff1f2b15fee1]: S. 41(6A) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/3)
[^key-70340f4a38b29c737677705d7a31afe8]: Words in s. 41(7) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/4)
[^key-73b48ba0b0996b9236be978b37e2c4dd]: S. 41(9)(10) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/5)
[^key-e9264965ec81a38999201fb6a8cb2bda]: S. 47A heading substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/2)
[^key-aeae8aef7e30c2a732b06c575991c28c]: Words in s. 47A(1) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/3)
[^key-9c2498609f43b1a13ede97987c31641c]: S. 47A(2) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/4)
[^key-cf5344dc872175f938e177b885bba573]: Words in s. 47A(3) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/5)
[^key-f2ec6e29b7a9db0cfa71b0dea6892f99]: S. 47A(4) omitted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/6)
[^key-1be2c7064cec1cf4d8aca81094decc6f]: S. 47A(5)(5A) substituted for s. 47A(5) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(7)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/7)
[^key-af07cb60b9ef770a669f898f88d79d49]: S. 47A(6) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(8)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/8)
[^key-04a0d4f4c59636e645c7d77e311f5c2e]: Words in s. 47A(7)(a) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(9)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/9/a)
[^key-e9c05aece267a5e7a50328602f03216a]: Words in s. 47A(7)(c) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(9)(b)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/9/b)
[^key-b6c86e9ac16e741d24142053fc03edc9]: S. 47A(8) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(10)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/10)
[^key-097fa8bf089f98b0a78cb6bb07b84947]: S. 47B omitted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/47)
[^key-33fc2c79774129da6d5762fc083f9e49]: S. 69(2F) inserted (with effect in accordance with Sch. 8 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 6(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/6/1)
[^key-f90ad5d0346e4c0fd40b091cffaeb436]: S. 86(4ZB) inserted (with effect in accordance with s. 32(5) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/32/3)
[^key-d21ae8c19602b952616e866f78f60707]: S. 86(3A) inserted (with effect in accordance with Sch. 8 para. 7(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/7/1)
[^key-0614ebdd5d3b5e50b5e38bcee89744fb]: S. 87(5B) inserted (with effect in accordance with s. 32(5) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/32/4)
[^key-5947bc34822ef30d30dd68ec03c4f329]: Words in s. 97(4) inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/9/paragraph/1/1)
[^key-879c2e5f3070ffadcce98880505143a9]: Ss. 97A-97C inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/9/paragraph/1/2)
[^key-d183cd7b930cf259f58f85cac247a019]: Words in s. 161(3) substituted (with effect in accordance with s. 26(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/26/2/a)
[^key-8ced4bfbac53964d4dc938a900349c4c]: Words in s. 161(3) substituted (with effect in accordance with s. 26(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2017/32/section/26/2/b)
[^key-325eb49f9743ce4fe69954c472d9e3ae]: Words in s. 184I(4) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/2/a)
[^key-1e194a4e774acd7a1a8aad479278c664]: Words in s. 184I(4) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/2/b)
[^key-b597f40519155067ffecf45f92310ec1]: Words in s. 184I(5) substituted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/3)
[^key-1470b32072522004c30cf3e86426ab77]: Words in s. 184I(7)(a) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/4)
[^key-8bdde422789eb0dd4196f15f54a1abaf]: S. 184I(9A) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/5)
[^key-b0eb2379bbade9017e76420711de2eab]: Words in s. 184I(10) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/6)
[^key-d9841e25c6c23e41cfc8dbb7518250f7]: S. 275(3A) inserted (with effect in accordance with Sch. 8 para. 8(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 8(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/8/1)
[^key-ef0be77e854df8a9140c61e6c5da7090]: Word in s. 287(2A) substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 5 para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/5/paragraph/10/4/a)
[^key-979127bb66a38e26c904d568de566195]: [Sch. 5 paras. 5A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/5A), [5B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/5B) inserted (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/18)
[^key-afc9342f0ce43bd6488fae519f1ed9ce]: Sch. 5A para. 3(3A) inserted (with effect in accordance with Sch. 8 para. 9(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 9(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/9/1)
[^key-da90684acd4461fca0524b68be854198]: Words in Sch. 7AC para. 1(2) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/a)
[^key-9a368cc964c5988c6e69df04b1deb706]: Words in Sch. 7AC para. 3(2)(b) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/i)
[^key-79c13ec5be94641ab8810ed60ed3bc69]: Sch. 7AC para. 3(3) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/ii)
[^key-c2ac068de6df04334bf8ab7b80ce1d5f]: Words in Sch. 7AC para. 3(4) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/iii)
[^key-80c2428245649a7b6d89b783449e423e]: Words in [Sch. 7AC Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/III/part/3) heading omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(c)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/c)
[^key-bc2c4fe49a0af53982873b087b7e7369]: [Sch. 7AC paras. 3A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3B) and cross-heading inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/2)
[^key-32713e7069fb12fa34b1b78001e4cc41]: [Sch. 7AC para. 8A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8A) inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/3)
[^key-401bc20b5c54a875d511ef0f9eb4f40b]: Sch. 7AC para. 30A and cross-heading inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(5)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/5)
[^key-d94d21c2632515c7196175a255e36eae]: Word in [Sch. 7AC para. 7](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/7) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/3)
[^key-2f1c37304a6464f789a12099591b9549]: Words in [Sch. 7AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/9/1) substituted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/4)
[^key-7e4c30038124ed239332900139464cdd]: Words in [Sch. 7AC para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/10/2/b) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/4)
[^key-acaec2dc889bac5493685d255434e042]: Sch. 7AC para. 18 and preceding cross-heading omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(d)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/d)
[^key-a36d0940c160aa6ba7434f3909eef54f]: Words in [Sch. 7AC para. 19(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/1/b) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/a)
[^key-0b851668bfd718a65b50b578e0a9f582]: [Sch. 7AC para. 19(1A)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/1A) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(b)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/b)
[^key-9b5045b2cc77162407a3b1dcb5b0738d]: [Sch. 7AC para. 19(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/4) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(c)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/c)
[^key-e7c85b8ef19fdf961366bc195a7ba23d]: Words in [Sch. 7AC para. 23(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/23/3) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(e)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/e)
[^key-8bd0dd5a39487e6902d6635d433db325]: Words in [Sch. 7AC para. 31](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/31) inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(6)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/6)
[^key-1d1028f1bc2c0b4af5a4266d1a91cf95]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271)](https://www.legislation.gov.uk/uksi/2017/1271), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1271/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2017/1271/regulation/9)
[^key-31536461ef7f8719443c15edeb6fc71e]: S. 171A excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271)](https://www.legislation.gov.uk/uksi/2017/1271), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1271/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2017/1271/regulation/9)
[^key-311050d600b30a234d2241e16623363e]: S. 170(3) modified (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 66(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/66/4), [Sch. 17 para. 8(7)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/17/paragraph/8/7) (with [Sch. 17 para. 32](https://www.legislation.gov.uk/ukpga/2017/32/schedule/17/paragraph/32))
[^key-ed3a910ea4bce0de865e60344c87f40b]: S. 99(1A) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2017/1204/regulation/3)
[^key-6946a24136e6105e927ae49d43259f72]: S. 99B(4) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2017/1204/regulation/4)
[^key-2e5db58e2699a420c3a8f7709ce200fb]: Ss. 103A, 103B omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2017/1204/regulation/5)
[^key-10e5a4b765ba64891ffc65bfb13aa63d]: Ss. 103D, 103DA substituted for s. 103D (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2017/1204/regulation/6)
[^key-551704e1177682df0c89d5fddc4ed2e3]: Words in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/a)
[^key-a4039e5c80e3387982edd03ae2e33478]: Word in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(b)(i)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/b/i)
[^key-d2e60b2dc30d05c1ea97bbbf3b316072]: Words in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(b)(ii)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/b/ii)
[^key-bb3009ddc309e36fd2068d87e5a2020b]: Words in [s. 211B(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/211B/5) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/8/a)
[^key-b735687491084e8d9bb46a28cdce74c8]: [S. 211B(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/211B/6) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/8/b)
[^key-f75176d5e5489c9e549178c22db87fad]: [S. 213(4ZC)(za)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZC/za) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/9/2)
[^key-77e6c415259ff210b10a07f4fd9fe394]: [S. 213(4ZD)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZD)[(4ZE)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZE) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/9/3)
[^key-c4d8cb38a9b102ed0a0e438cf70b9c82]: Words in s. 288(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [10(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/10/a)
[^key-858455219c549aea797d501a5867da37]: Word in s. 288(8) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [10(b)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/10/b)
[^key-9a45dfa163a590fbd85c939b693a928b]: S. 196 modified (temp.) (9.2.2018) by [The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79)](https://www.legislation.gov.uk/uksi/2018/79), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2018/79/regulation/1/2), [4](https://www.legislation.gov.uk/uksi/2018/79/regulation/4) (with [art. 2](https://www.legislation.gov.uk/uksi/2018/79/article/2))
[^key-2b06b41d071467dc0d80c31111ee0590]: Ss. 87D-87P inserted (with effect in accordance with Sch. 10 para. 1(12)-(15) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(1)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/1)
[^key-0a2b006f0b3ccdae58a14a935a790f0c]: S. 53(1B) inserted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/2)
[^key-c021ab8c0cf3714b9b588337bf72f429]: Words in s. 54(1) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/3/a)
[^key-029be2ff41a9576e91ea75b28c20ce4b]: S. 54(1B) inserted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/3/b)
[^key-0a394510726be579742f842d18b63ccf]: Words in s. 62(2A)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/2)
[^key-84d34c5eca92ad81dfe7fc2947c1171b]: Words in s. 86A(1)(b) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/a/i)
[^key-52e8647f8853ed345856298859573262]: Words in s. 86A(1)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/a/ii)
[^key-a5f689eb72c963e05672e7fa76fef589]: Words in s. 86A(1)(c) omitted (15.3.2018) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/b)
[^key-d7dc2e22ae7d1a0347734048d9d68723]: S. 87(2A) inserted (with effect in accordance with Sch. 10 para. 1(13) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/4/a)
[^key-5a2b3f6bb1cece06d1067d15654ebc23]: S. 87(7) omitted (with effect in accordance with Sch. 10 para. 1(13) of the amending Act) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/4/b)
[^key-a15df1aedd5f3988da6667c554236a15]: Words in s. 87B(1)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/a)
[^key-102f69670ab566aacb8200f93e9823f3]: Words in s. 87B(1)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/b)
[^key-60f8edea1364066761e524c3fbc9c202]: Words in s. 87B(4) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(c)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/c)
[^key-8bb0ebe66df626c69a2969a2a6386bf2]: Word in s. 89(3) substituted (with effect in accordance with Sch. 10 para. 1(16) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/6)
[^key-04d72a98a1e022dfbcc93cead7e94ab9]: Words in s. 91(1)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/a/i)
[^key-c328c6aeae49c2bb57690c9b5117d7fa]: Words in s. 91(1)(a) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/a/ii)
[^key-713176b7236b210be78c5a8aa73e5f5c]: Word in s. 91(1)(b) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-4f59ea0c3537ec5e3fbf796a16f2d288]: Word in s. 91(2) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-4169af4e69c596516a85d6b840a27002]: Word in s. 91(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-6fea1843524bc4719bbd25b404daf371]: Words in [s. 97(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/97/1/a) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 20(2)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/2) (with [Sch. 10 para. 20(5)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/5))
[^key-c22c75d5392305530cbdf5507d984ee2]: Words in s. 97(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 20(3)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/3) (with [Sch. 10 para. 20(5)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/5))
[^key-9632682b8acf188c76de4db5801c9900]: Words in [s. 110(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/110/10) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/4/a)
[^key-f9d7bf38157edf201701d7ea904095ff]: [S. 110(11)](https://www.legislation.gov.uk/ukpga/1992/12/section/110/11) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/4/b)
[^key-1819c34c5e17994ec6bc1cedcd2c3aeb]: Words in [s. 114(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/114/2) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(5)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/5/a)
[^key-89c35f091af863585c222717a35e68f0]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/114/3) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(5)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/5/b)
[^key-832a110ef6e2c5395bc60a4e4fa2f3ce]: [S. 140(4B)](https://www.legislation.gov.uk/ukpga/1992/12/section/140/4B) inserted (with effect in accordance with s. 27(2) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 27(1)](https://www.legislation.gov.uk/ukpga/2018/3/section/27/1)
[^key-870891530fc503e6d6e3afbd594641f2]: Words in [s. 151N(1)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/1/h) inserted (with effect in accordance with s. 34(4) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/a)
[^key-e842dfc29f15012ad3cffc0e19eee6aa]: Word in [s. 151N(2)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/h) omitted (with effect in accordance with s. 34(4) of the amending Act) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/b/i)
[^key-29fe87ca4ad7f6f1f3a9c11c4ef04a1e]: [S. 151N(2)(j)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/j)[(k)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/k) inserted (with effect in accordance with s. 34(4) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/b/ii)
[^key-0136435d8c5f89216e8a0dbc8822164f]: Words in s. 176(1) substituted (with effect in accordance with s. 28(2) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2018/3/section/28/1)
[^key-31b2406efbd13fc2f7b80fb66c108030]: Words in s. 279A(7)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(8)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/8)
[^key-7dc6a626d0e9183a76d8ac9d1d27cfb3]: Words in s. 279C(6)(c) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(8)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/8)
[^key-5cadcf7d8e0e3ab38791d8a08ff05c00]: Words in Sch. 4C para. 1A(1) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/i)
[^key-2282fa10d5784e0d70e240c77df1601c]: Words in Sch. 4C para. 1A(1) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/ii)
[^key-fd0d308fb9627644eec07f139d35b79d]: Words in Sch. 4C para. 1A(1) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(iii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/iii)
[^key-e6774ff12884741e0ab2c8b99ee14df6]: Words in Sch. 4C para. 1A(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(b)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/b/i)
[^key-5e1f6b0ab8f3b9e12602524fc71ad2d8]: Words in Sch. 4C para. 1A(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(b)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/b/ii)
[^key-0ec23d8257baa517d6186643962d45a4]: Sch. 4C para. 8(6) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(10)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/10)
[^key-f33a09f52b921dcba69e4680cb57db17]: Words in s. 196(1)(a) substituted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/2) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-6596574f3337de4e1420b3d5779429e5]: Words in s. 196(1)(b) substituted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/2) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-f29e2c553fa7df6dc765eb1a6d8dd225]: S. 196(3) omitted (1.10.2018) by virtue of [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(3)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/3) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-1e846f80d454bfd4838c2544c4c80c47]: Words in s. 196(5) inserted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(4)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/4) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-9178645496614b62cd9e1d308c6f097b]: Words in s. 196(5) inserted (1.10.2018 immediately after Wales Act 2017 (c. 4), Sch. 6 Pt. 2 comes into force) by [The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79)](https://www.legislation.gov.uk/uksi/2018/79), [regs. 1(3)](https://www.legislation.gov.uk/uksi/2018/79/regulation/1/3), [9](https://www.legislation.gov.uk/uksi/2018/79/regulation/9)
[^key-ef71b7b69809e16d2e83747680b25c1b]: Sch. 7AC para. 6 excluded by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 782A(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/782A/3) (as inserted (with effect in accordance with s. 26(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2019/1/section/26/3))
[^key-88d6c63b976cfe43e64b621565eb1946]: Act modified by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 535A(9)](https://www.legislation.gov.uk/ukpga/2010/4/section/535A/9) (as inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/115))
[^key-1b49ddaf54e8a1100794d41f9479431f]: Act modified (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 123(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/123/4)[(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/123/5)
[^key-9e85edc44ba17b6e3bd08abf9756e060]: [S. 144(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/144/2) excluded (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 13(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/13/2)
[^key-34f790f5b5c9294946e490fc6f846f03]: [S. 144A(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/144A/2/b) excluded (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 13(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/13/2)
[^key-a176bb5f19e7a25399a0e3bdff0a1846]: Act modified (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 17(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/17/3)
[^key-8f1b51e533ff9b07068f2c9150edcf5f]: Pt. 1 substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/2)
[^key-c4b2ed6bf7f7a20bf56133d62160f6eb]: Ss. 16ZB-16ZD omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/3)
[^key-12c6832bd574f5db2aa84a452875f19f]: S. 16(3) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/24)
[^key-5133b0f833f333c31c49260f39845561]: S. 25(3A)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/25/2)
[^key-90a3aaed92dde33ea052dda45bc441a5]: Words in s. 25(7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/25/3)
[^key-275e517a79aaee87271263ac31e4e1cc]: S. 25ZA substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/26)
[^key-c236a9a8c904a969d1cd8ccee3ec5517]: S. 36A and cross-heading inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/4)
[^key-3713bfc35746253f62dfcc573bdf6b3b]: Pt. 2 Ch. 5 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/5)
[^key-a0ae7f2256bd30b61546adf75d1f7d62]: Pt. 2 Ch. 6 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/6)
[^key-1475515f87abdaeafee978bc996f092c]: Pt. 2 Ch. 7 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/7)
[^key-c036b660e66121d71a72e6fa366c5118]: [S. 103DB](https://www.legislation.gov.uk/ukpga/1992/12/section/103DB) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/8)
[^key-59a45579f31559a8bee40b2f091b9f78]: [Ss. 271ZA](https://www.legislation.gov.uk/ukpga/1992/12/section/271ZA), [271ZB](https://www.legislation.gov.uk/ukpga/1992/12/section/271ZB) and cross-heading inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/9)
[^key-6386cb1607e0d1566f41815f31aefe83]: [Sch. B1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/B1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/10)
[^key-30e8ccbb5cf78e41ba4a424588419b5e]: [Sch. BA1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/BA1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/11)
[^key-4263a3309730c893722fb0d3da67e9c0]: [Sch. C1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/C1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/12)
[^key-ce25f855453595f8b5796e76a495d3ff]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/13)
[^key-d55ba9ee96fb9c7d6926575d7587693b]: [Sch. 4ZZA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/18)
[^key-8a0eb50067d88adce3c6be7aea4b2e0b]: [Sch. 4ZZB](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZB) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/19)
[^key-9cb87c8c092db9435ddfa51262507883]: [Sch. 4ZZC](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZC) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/20)
[^key-61b3976b301e1faf2a7eb64899dfc00f]: [S. 48A(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/1/a) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/2)
[^key-2c04eaaaf97374a66e8dec6c162ddcbf]: Words in [s. 48A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/2) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/3/a)
[^key-6805eec0b4459e44f4b6941d991ddc7f]: Words in [s. 48A(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/2/c) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/3/b)
[^key-bc470a44cb0478057ccda2860a8d4245]: [S. 48A(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/7) inserted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/4)
[^key-7a591941b6e5d9ee08479655bea56551]: Words in [s. 59(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-2bee1e999093a9adb62ad270a941f947]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-d7b84fb4bcbfa41c990963263d99eeea]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-b733eb33b8d607116998bf1997d36732]: Words in s. 62(2A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/2/a)
[^key-5dd8381c3f5c3134a9c204a4ec1a4be0]: S. 62(2A)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/2/b) (with [Sch. 1 para. 29(5)(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/5))
[^key-ccc3d489e8a25e3f9a44a97080846b4b]: Words in s. 62(2AA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/3)
[^key-95f667b0bcfcba042269f5666b5ea049]: S. 62(11) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/4)
[^key-29893b5c60d886f5000518676f12e96d]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/2)
[^key-63cf6360d2aff7a522791dfc3b5c955c]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/3)
[^key-0710114ae221e9d40d96a666074e57d0]: Words in [s. 79B(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/4/a)
[^key-af6a4388e9a2c8bf8d64d87fbf3b8929]: Words in [s. 79B(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/4/b)
[^key-4e52a0657ebb3926b94cf622101de17a]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/5)
[^key-4ea5e32ff7aa9422ad7a0bd36db9168f]: [S. 80A](https://www.legislation.gov.uk/ukpga/1992/12/section/80A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/31)
[^key-e68986956bb39a0001363bb6207c58b9]: Words in [s. 85A(2A)](https://www.legislation.gov.uk/ukpga/1992/12/section/85A/2A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 32(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/32/a)
[^key-f954b7ef270197f89944845d0a5ebd1f]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/85A/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 32(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/32/b)
[^key-cd9509803787a9622a9040a5a5d2453c]: Words in [s. 86(1)(e)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/1/e) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/33/2)
[^key-6546ccf23c8c3c6923c47fa3f936ea1d]: [S. 86(4ZA)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/4ZA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/33/3)
[^key-e3533c77bc1470b9c8a16731fe2ce808]: Words in s. 86A(1)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/2)
[^key-1fb97abf94eeb3ca5f2e4284385b72ff]: Words in s. 86A(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/4)
[^key-8453e8fe6e967633a2e2b419acfd5b17]: Words in s. 86A(6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/6)
[^key-9f6ec1c53d092e384666554413215e1e]: Words in s. 86A(8)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(8)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/8)
[^key-22994b910f58e13ad016160ba24f871d]: Words in s. 86A heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(9)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/9)
[^key-6b61d589c882bcfb8668c488b836e8a8]: Words in s. 86A(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/3)
[^key-377f6156febfab6085f27de9abe7d5da]: Words in s. 86A(4)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/5)
[^key-a7f0005b2a15c341887d5706bbb050b2]: Words in s. 86A(7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/7)
[^key-5f3683c6ebe134d409df0fa84e53d973]: Words in s. 87(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/2)
[^key-70c871f83955b000b60565d54b3ce2c0]: Words in s. 87(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/3/a)
[^key-6a45b3233f99e71362ab6e794dff0f5b]: Words in s. 87(4)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/3/b)
[^key-08a6b087d621fc68eda7cf8ca88f6fc8]: Words in s. 87(5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/4)
[^key-7c89a6136d1be3f9f7f873e3431ead2b]: S. 87(5A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/5)
[^key-5221fd48ff3afe08086ff154175acdce]: Words in s. 87(5B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/6)
[^key-2dcee07caf8a2cae2a5258ed35e4c760]: Words in [s. 87A](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^M_F_2c8eaee2-f664-4473-d868-1f802e9c776e]: Words in [s. 87A(3)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^M_F_bf1f0dde-e350-4902-8ffc-34999bccef6f]: Words in [s. 87A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^key-70d4ff94709c8316a03d9f070bc8e31b]: [S. 87B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/37)
[^key-51d916e696df6feda93b45617f603f3f]: Words in [s. 87J(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87J/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/38)
[^key-bc412446e2d7d62f179520a6c83d5037]: Words in [s. 87J(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/87J/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/38)
[^key-dbc4311ddc1421b30ad05183774db0ad]: Words in [s. 87N(2)(d)(i)](https://www.legislation.gov.uk/ukpga/1992/12/section/87N/2/d/i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/39)
[^key-ba7b827df08915f3008ca022df0a7455]: Words in [s. 87N(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/87N/2/d/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/39)
[^key-b5396cb4473b68441fe0d602f726ace5]: Words in [s. 87P(1)(e)(i)](https://www.legislation.gov.uk/ukpga/1992/12/section/87P/1/e/i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/40)
[^key-b32b8f97a0cde6a4fb5dd7a06b27c7b9]: Words in [s. 87P(1)(e)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/87P/1/e/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/40)
[^key-3db92458dfb3f2dd5ba44c4f5f60faac]: Words in [s. 88(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-3ebb2b318207750aab3c9c11d9bf74f1]: Words in [s. 88(3)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/3/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-be99377f285639420149771244eb781b]: Words in [s. 88(3)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/3/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-9615c2065861d2b588aea030f234f09c]: Words in [s. 89(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/89/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/42)
[^key-7777b9c61c649d5baf828f62073f4f52]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-60e448bc15e6db2591602bfca2602f4b]: Words in [s. 90(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-2d83823d83187a7cc8e8bc5af0a5418a]: Words in [s. 90(10)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/10/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-1fbf515b2cfa920129e7f4e18d2610f9]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/91/1/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/44)
[^key-a6989030099af5380061d8935a323e75]: Words in [s. 96(9A)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/96/9A/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/45)
[^key-dfacaafdf199100a80101d6a9e363404]: [S. 100A](https://www.legislation.gov.uk/ukpga/1992/12/section/100A) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/46)
[^key-0bfd857e06b3a45b744e16df1cd031ac]: Words in [s. 103KC](https://www.legislation.gov.uk/ukpga/1992/12/section/103KC) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/47)
[^key-20ed2d09ba1f7c1297726b04b809549a]: Words in [s. 103KE(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/103KE/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/48)
[^key-4b0b0e2bd5b31245e2d2cf41e208d1b4]: Words in [s. 139(1A)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A/a) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/a)
[^key-7cad7e9a8c7aa7d358eb881363b6ff57]: Words in [s. 139(1A)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A/b) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/a)
[^key-d3286ab414e3b9ae0e634cbebb282197]: Words in [s. 139(1A)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/b)
[^key-4cf50abaf4d2d4f5b178a236ac698756]: [S. 139(1AA)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1AA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/3)
[^key-4de9ccd3a804971ceba1b455367aae02]: Words in [s. 140A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/140A/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/50)
[^key-07cddca705299c1f8d986ef6e9b47617]: Words in [s. 140E(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140E/5/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/51/2)
[^key-17976e1e2f2f4cbcab018630a3e127a1]: Words in [s. 140E(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140E/6/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/51/3)
[^key-9590a2123a4f0a3be2f7198ba3ad1a44]: Words in s. 159(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 52](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/52)
[^key-01f0ecd39f267021056a01c1172165c1]: S. 159A substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/53)
[^key-d0f20662c7eb3a602adef5de9f865c77]: Words in s. 161(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/2)
[^key-aed973f146139a5246bb3259e154704c]: S. 161(3ZA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/3)
[^key-614ea9194db9dee0935763c97d7472c3]: S. 161(3ZB) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/3)
[^key-5aff78aa4e10d16b350e3dbb17389a95]: Words in s. 161(3A) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/4)
[^key-37e651a2ecd16dd4e566034bbace0273]: Words in s. 165(7A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/2)
[^key-9de0edf4fc94526b11aee76e579c8a1a]: Words in s. 165(7B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/3)
[^key-3b92a2e6526b20297cb13db8687f4efd]: Words in s. 165(7C) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/4)
[^key-9d0b6dc920a3153ab057c1615630d163]: S. 165(7D) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/5)
[^key-4520ce3e9322a2cb5576cc8aa5970742]: Words in s. 167A(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/2/a)
[^key-494d66c2f27847a7324f607d91f50fad]: S. 167A(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/2/b)
[^key-c5ec9d4cf40c2b64efac88483464f6a8]: Words in s. 167A(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/a)
[^key-4a6fc7ed82757fc6e18ce13640b28bbe]: Words in s. 167A(3)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/b)
[^key-74538e63bd67ca9c2abc701623211197]: Words in s. 167A(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/c)
[^key-d72a73c4e202247be119d71290e56f03]: Words in s. 167A(3)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/d)
[^key-4f54779d4fc51e53609bd4db62f4c363]: Words in s. 167A(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/4/a)
[^key-06373826efd11d993a07e820ea58346c]: S. 167A(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/4/b)
[^key-09d176eb3d5a4c70ce1bcc2b66912d29]: S. 167A(6)(7) substituted for s. 167A(6) (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/5)
[^key-68bdaea71693a7aed3a98a7b8d451e70]: Words in s. 167A heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/6)
[^key-0810bb85c3b6adfcf039e7eb54e573ef]: S. 168A substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/57)
[^key-4fba4ccdba3c9da8e38d2ff9332b5346]: Words in s. 169I(3) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-e8261a50d44fbd403148e2948bb55397]: Words in s. 169I(4)(a) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/b)
[^key-df495e7d8c85f7d577ca56cd3510e2b6]: Words in s. 169I(6) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-93be4ca8a23b5c9eb35fe8a5afdf4d81]: Words in s. 169I(7A)(b) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-62a784b9667bd9fd4cf1ee713ed1dd50]: Words in s. 169I(7A)(c) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-a0a45ce807936a26f199ae60afe8e4a7]: S. 169I(7ZA)(7ZB) inserted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/d)
[^key-9cf9b1e6222a3253e9ff33ac7b6c78e1]: Words in s. 169I(7) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-86a79a32b2a53e7695ffe936cacac3c5]: Words in s. 169I(7B)(b) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-6886dfaf6fc44df7c280977460643da5]: Words in s. 169I(7B)(c) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-daab3b42dbcd8b82d059d93aaaeb3915]: Words in s. 169J(4) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/3/a)
[^key-a76a0ee6da8cc4d23dfc43f99b2e90bb]: Words in s. 169J(5)(a) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/3/b)
[^key-b8774969fc50d04698f1a998bb347079]: Words in s. 169K(4) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/4)
[^key-e3441964ee935f671b92d9292696ef0d]: S. 169K(1B)(a) substituted (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/2)
[^key-d3da8d72224729689cd232258b88c9fd]: S. 169LA(1)-(1ZB) substituted for s. 169LA(1) (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/3/a)
[^key-2a3352b3ee35e87e6c2e0b5d2ea106e8]: Words in s. 169LA(1A)(a) substituted (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/3/b)
[^key-20d53ebe9988bb8243f4a012d4822733]: Words in s. 169N(4B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/58)
[^key-e027a96c038bb0654fab692a08e414a3]: Words in s. 169O(6) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/5)
[^key-8658de5fa35a2c0e1616889f7ed0d7ac]: S. 169S(3)-(3E) substituted for s. 169S(3)(4) (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/4)
[^key-8092bb40923f2dba743f915a2ebab86d]: Words in s. 169VK(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/59)
[^key-696a21a9365ebfd99adda3db6382c159]: Words in s. 169VL(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/60)
[^key-894f071178339211c4699d2298367577]: Words in s. 171(1A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/2)
[^key-59a595f88bac22ba019c122a9eb00f35]: S. 171(1B) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/3)
[^key-9154917186b62a114a230d7ff067f72b]: S. 171(2)(ba) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/4)
[^key-0fb6f2b2c81cf07b542131c918e4d3db]: S. 171A(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 62](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/62)
[^key-a23a58f2dd9eb737cd21538b4c1c8e8c]: Words in s. 171B(5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/63)
[^key-7a561c859355b812e37211b612cb0e31]: Words in s. 175(2AA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/64)
[^key-9fecfa55b5bd3e92f798ec77febd2b36]: Words in s. 179(3B)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 65(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/65/2)
[^key-e80d8bc2881010df2d8bc72f7b50db5c]: Words in s. 179(10A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 65(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/65/3)
[^key-23b64ba1c85fa1d4d860682d2d2dab5c]: Word in s. 185(1) substituted (with effect in accordance with Sch. 8 para. 9(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 9(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/9/3)
[^key-cfcceb24ee801864552ae7b9a355a470]: S. 187 repealed (with effect in accordance with Sch. 8 para. 9(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 9(1)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/9/1)
[^key-d9150fbe4606abcffdd1920ae5f93959]: S. 187A omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/66)
[^key-da90014a5f8c67743be81acd880a6593]: S. 187B substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/67)
[^key-c51d72cb12fbb117c88058fcea48cff5]: S. 190(2)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 69(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/69/2)
[^key-6ba74d9293305b8743c9fa14403384dc]: Words in s. 190(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 69(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/69/3)
[^key-acb2cd1069e29fc1b800f50350edef80]: Ss. 188A-188K and cross-heading omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/68)
[^key-49711f2b2e22f9172cbe0d1fb41e1598]: Words in [s. 199(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/199/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 70(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/70/2)
[^key-dc25df73fd1ccc946f680cdedd6366a2]: Words in [s. 199(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/199/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 70(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/70/3)
[^key-74e5cfbb372298ef7dba4a6c6aea6c59]: Words in [s. 210A(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/210A/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/71)
[^key-ea5678e12be12a4630191eff0d2feb58]: S. 222A(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/72)
[^key-d4c9fa5b2c11e8f4e1763ea0fc96eee5]: Words in s. 222A(6)(a) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/2/a)
[^key-5dcc280b76972b6e0dbbffe9f8e86438]: Words in s. 222A(7)(a) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/2/b)
[^key-0d1c78ebf8fdc5fd8c5194ff2fcc4eb1]: Words in s. 222B(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 73(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/73/2)
[^key-3553da9dae2dbbebbbc67f5188645626]: Words in s. 222B(10) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 73(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/73/3)
[^key-65d959457d0658b2c59427172f516a4e]: Words in s. 223(7)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/74/2)
[^key-caee54d8c8c8d278f40194384ba8e80d]: Words in s. 223(7A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/74/3)
[^key-e3eeac4f5d4d35b440eafbe6c1959db6]: Words in s. 223A(3)(b) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/3)
[^key-6a2a274d6705e68ae2533baa88cc0539]: Words in [s. 228(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/75)
[^key-66bd861910b361161af21a448789b12a]: Words in s. 260(6ZA)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/2)
[^key-a546e379b4d8a8e2aea9bd721440b0be]: Words in s. 260(6ZB) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/3)
[^key-d1aa2b07b0188452d7236dbffe82f5a4]: Words in s. 260(6ZC) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/4)
[^key-b2df8c831c64e2611b58f43e58110cf5]: S. 260(6ZD) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/5)
[^key-ba03e3df1fe133da4384344ea779187f]: Words in [s. 261C(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/261C/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 78](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/78)
[^key-9059875bb40a6a24efcd46ad6e907fcd]: Words in [s. 261E(2)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/261E/2/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 79(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/79/a)
[^key-11aeaa7069a23034322da48f9e011dce]: Words in [s. 261E(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/261E/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 79(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/79/b)
[^key-eaa0b7f8dd246ef7b65871f31483b3a6]: Words in s. 261ZA(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/2/a)
[^key-99223b94ff9be6a903d4644cc7812181]: S. 261ZA(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/2/b)
[^key-4bdffc03f4fda62183539412dd6e752b]: Words in s. 261ZA(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/a)
[^key-edfe709abb8bdb9bf5aa83f00be180d6]: Words in s. 261ZA(3)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/b)
[^key-4b67fae665ce02075c61279f284d37e4]: Words in s. 261ZA(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/c)
[^key-83b5eeb1e0bf57039eefe446565af3fd]: Words in s. 261ZA(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/a)
[^key-7accad96690e2a70ae2c69c2ae3e6515]: Words in s. 261ZA(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/b/i)
[^key-2c8f1228dbd8bba8b57faf68f05d8d14]: Words in s. 261ZA(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/b/ii)
[^key-860892efef1ecb9e89723b0b24395fa2]: Words in s. 261ZA(5)(b)(i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(5)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/5/a)
[^key-0b18e838a9e28ea4a3099ecb25c51a30]: Words in s. 261ZA(5)(b)(i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(5)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/5/b)
[^key-d22ce7724585a672e2801689482d619d]: S. 261ZA(6)(7) substituted for s. 261ZA(6) (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/6)
[^key-05f9699df9baa302408045d691c6e471]: Words in s. 261ZA heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/7)
[^key-bd351ae4cad88078d2c047488255834b]: Words in [s. 263ZA(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/263ZA/5/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 80(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/80/a)
[^key-754cce69990a648eb762939c8ab1712c]: Words in [s. 263ZA(5)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/263ZA/5/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 80(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/80/b)
[^key-fae6a16015dbdc02119f37a50e9c15c0]: Words in [s. 271B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/271B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 81](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/81)
[^key-2e4a48cc0cd8ac8e7076ef335a20d3e9]: Words in [s. 279A(7)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/279A/7/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 82](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/82)
[^key-5f5359922b3a95bdcba851d3021f9130]: Words in [s. 279B(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/1/b/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/2/a)
[^key-b100a573eb5cd0a185ffb3fe8e5d5a31]: Words in [s. 279B(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/1/b/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/2/b)
[^key-6ef0e36d3ea98bf26684930105f5031e]: Words in [s. 279B(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/3)
[^key-fc30e4d5e60d57262534fb9e437c80ac]: Words in [s. 279B(8)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/8/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/4)
[^key-db946ae18e892713a7a8413b40f5d9bb]: Words in [s. 279B(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/4)
[^key-8348b12b9d0980bf7a6a35d6260aa8b9]: Words in [s. 279C(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/2)
[^key-b068668dee9c203a128b1d4b57ed7fb3]: Words in [s. 279C(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/3/a)
[^key-43bf0ffea5eb086ef66745bf75c36375]: Words in [s. 279C(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/4) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/3/b)
[^key-f9661d7d22ae74433ac05a7f28c58085]: Words in [s. 279C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/4)
[^key-f83ef0c7029ad013ebaf72e997a49669]: Words in [s. 279C(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(5)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/5/a)
[^key-00dd0dba78a6885916397e0af91c6b5d]: Words in [s. 279C(6)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/6/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(5)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/5/b)
[^key-d4bb961a788ccae0faede89e0cefdff6]: Words in [s. 279D(6)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/279D/6/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/85/2)
[^key-74b0442f772b855ceb732c48f3ea0014]: Words in [s. 279D(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/279D/7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/85/3)
[^key-c9aff12c0e0bf04e7eb3c285ea9001cb]: Word in [s. 287(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/287/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/86)
[^key-66a83fbcb738b968ef22439515b4653e]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/a)
[^key-f76079ec91234a8af5d52624b6b03bee]: Words in s. 288(1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/b)
[^key-afdbe229b82f8a37088e610afe60b82b]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/c)
[^key-0f8d1a2cf8f670e932cf477ee274a436]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/d)
[^key-823f3ead304f5c25911e6d1430a6d5ee]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(e)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/e)
[^key-c675bec95e2490bab8df03d26125de03]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(f)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/f)
[^key-5d2c23a2745f4bbc63238858fbb96410]: Words in [s. 288(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/8) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/3)
[^key-f7e13220c15f5a60790b16afd38fcc57]: Words in [Sch. 4A para. 6(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/6/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/88)
[^key-3e046e1041a6940ab688b9452ad06327]: Words in [Sch. 4C para. 1A(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/1A/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/3)
[^key-19592d462af431ab8994920c173dd99b]: Words in [Sch. 4C para. 4(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/4/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/4/a)
[^key-aef687d2e5ba87deaa6890a4cbd23614]: [Sch. 4C para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/4/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/4/b)
[^key-842381563cef4a153f4e05b1314c1cc9]: Words in [Sch. 4C para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/6/1/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/5)
[^key-688cfea62dc68de189704438542da004]: Words in [Sch. 4C para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/12/1/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-64f4235ac4a4b1a1143dcff3054e5f73]: Words in [Sch. 4C para. 12(5)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-settlor-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-f2a207a22a9c43fe1f0de27c42012c06]: Words in [Sch. 4C para. 12 cross-heading](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-settlor-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-58a3a5c31a53e6bdc035a6065635162f]: Words in [Sch. 4C para. 12A cross-heading](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-f40d65f92cb10f0a7377fefa510cf81c]: Words in [Sch. 4C para. 12A(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-12ee2fb253fc179077e7c8b24441e4e7]: Words in [Sch. 4C para. 12A(5)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-4f8c67ca7f7c0eedf9f535ece4d70de6]: Words in [Sch. 4C](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/2)
[^key-5d42f7da9d96a3eb2e1f38b898386f1a]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/2)
[^key-cd26a6eef0718cb848c4ea92173ce08d]: Words in Sch. 5 para. 1(2)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/3)
[^key-65ee9a2711ffc07dab0372fce50ef9c9]: Words in Sch. 5 para. 1(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/a)
[^key-83456379d73721aeb9c6cdf2524ab0ab]: Words in Sch. 5 para. 1(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/b/i)
[^key-498fe5dc9f142f23a817e38b7bbcfa8b]: Words in Sch. 5 para. 1(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/b/ii)
[^key-0672a40ccf054fbfa02baa649d612bb3]: Words in [Sch. 7A para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/6/1/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/91)
[^key-5a252102557698542c9e78b730d20fcd]: Words in [Sch. 7A para. 6(1)(d)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/6/1/d) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/91)
[^key-1ee1724940d7958a6894fa462593ad62]: Words in [Sch. 7AC para. 3(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3/2/c/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 92](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/92)
[^key-371c02921ed58427ec2d2bfbd091e36e]: Words in [Sch. 7C para. 8(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7C/paragraph/8/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 93(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/93/a)
[^key-0a9fb07c086194b53b67c12825b3bca1]: Words in [Sch. 7C para. 8(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7C/paragraph/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 93(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/93/b)
[^key-2820bfa3906e679df25fbc7bd7eb9b7e]: Words in [Sch. 7ZA para. 25(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/a) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/a)
[^key-799ae4ee112a2af7d75ceb776eb751c0]: Words in [Sch. 7ZA para. 25(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/b) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/b)
[^key-63f7c74335fca4dde989eb1f02d9f18a]: Words in [Sch. 7ZA para. 25(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/c) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/b)
[^key-54aca3dbf6a607f6e276424c1fec282b]: Pt. 5 Ch. 3A inserted (with effect in accordance with Sch. 16 para. 4(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 3](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/3)
[^key-831389acf4999db4d1c25a8995b23357]: [S. 184J](https://www.legislation.gov.uk/ukpga/1992/12/section/184J) and cross-heading inserted (with effect in accordance with Sch. 8 para. 11(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/11/1)
[^key-c90515f66e5c516cbb97846e4aee3408]: Words in s. 225D(1)(a) omitted (29.4.2019) by virtue of [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(2)(a)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/2/a)
[^key-da5588ecb70038994c30e83426da47bb]: S. 225D(1)(aa) inserted (29.4.2019) by [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(2)(b)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/2/b)
[^key-ba1f080959cd0846d33da1d52811add7]: Words in s. 225D(4) substituted (29.4.2019) by [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(3)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/3)
[^key-1d86d673388174b9b9ec834cd9fe0100]: S. 24(3A)-(3F) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(2)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/2)
[^key-b2ca3a243b55a8e7d4c54ea7906040cb]: [S. 24A](https://www.legislation.gov.uk/ukpga/1992/12/section/24A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(3)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/3)
[^key-2fd6a4e913f4f9afc9b31721cf597eb9]: [S. 37B](https://www.legislation.gov.uk/ukpga/1992/12/section/37B) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(4)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/4)
[^key-6b26c9ae09bdd1396ab083fce4f4166c]: [S. 39A](https://www.legislation.gov.uk/ukpga/1992/12/section/39A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(6)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/6)
[^key-78ef25acc35155f5694789d8cd8ed7bd]: [S. 39(3B)](https://www.legislation.gov.uk/ukpga/1992/12/section/39/3B) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(5)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/5)
[^key-2f43a01f847f81d3c397713b996de47e]: [S. 41(4A)](https://www.legislation.gov.uk/ukpga/1992/12/section/41/4A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(7)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/7)
[^key-b4aca8f2b96923f7ed426fc97267d6ed]: Words in [s. 52(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/52/5) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(8)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/8)
[^key-7d95155a6908dda6a2668ed7903c9d60]: [S. 103D(3A)](https://www.legislation.gov.uk/ukpga/1992/12/section/103D/3A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(9)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/9)
[^key-672bf530009f0c36b6bec66fdc0b88c2]: [Sch. 1A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1A) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/14)
[^key-043e0f366fc099b273c1d415db405db4]: [Sch. 1B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1B) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/15)
[^key-c23eb31a699845d43863d099aca4ea55]: [Sch. 1C](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1C) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/16)
[^key-21ab4c9231b19755bd0236cf3d1f9e32]: [Sch. 4AA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4AA) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 17](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/17)
[^key-368a8a0546f4a3be04cf4246643e5334]: [Sch. 5AAA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AAA) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/21)
[^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))
[^key-8b0425c455c180b8f746aeeb7f92e9bb]: Words in Sch. 8B para. 1(3)(b) substituted (4.11.2019) by [The Taxation of Chargeable Gains Act 1992, Schedule 8B (Substitution of Dates) Regulations 2019 (S.I. 2019/1237)](https://www.legislation.gov.uk/uksi/2019/1237), [reg. 2](https://www.legislation.gov.uk/uksi/2019/1237/regulation/2)
[^key-a6d6f482121a7a946fe8b460a541007b]: Words in [Sch. 8B para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/8B/paragraph/2/2/b) substituted (4.11.2019) by [The Taxation of Chargeable Gains Act 1992, Schedule 8B (Substitution of Dates) Regulations 2019 (S.I. 2019/1237)](https://www.legislation.gov.uk/uksi/2019/1237), [reg. 2](https://www.legislation.gov.uk/uksi/2019/1237/regulation/2)
[^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))
[^M_C_39e0582f-e89d-484b-a259-50bce0d57ce1]: S. 2A(1)(b) modified (retrospective to 29.10.2018) by [Finance Act 2020 (c. 14)](https://www.legislation.gov.uk/ukpga/2020/14), [Sch. 4 para. 46](https://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/46)
#### Trustees of settlements.
#### Death: application of law in Northern Ireland
#### Variation of will or intestacy, etc: identification of settlor
### Transfers concerning companies of different member States
##### 140A
- (1) This section applies where—
- (a) a company resident in one member State (the transferor) transfers the whole or part of a business carried on by it in the United Kingdom to a company resident in another member State (the transferee),
- (b) the transfer is wholly in exchange for shares or debentures issued by the transferee to the transferor,
- (c) a claim is made under this section by the transferor and the transferee,
- (d) section 140B does not prevent this section applying, and
- (e) the appropriate condition is met in relation to the transferee immediately after the time of the transfer.
- (1A) This section also applies where a company transfers part of its business to one or more companies if—
- (a) the transferor is resident in one member State,
- (b) the part of the transferor’s business which is to be transferred is carried on by the transferor in the United Kingdom,
- (c) at least one transferee is resident in a member State other than that in which the transferor is resident,
- (d) the transferor company continues to carry on a business after the transfer,
- (e) the conditions in subsection (1)(c) to (e) are satisfied (for which purpose references to the transferee shall be taken as references to each of the transferees), and
- (f) either of the following conditions is satisfied.
- (1B) Condition 1 is that the transfer is made in exchange for the issue of shares in or debentures of each transferee company to the persons holding shares in or debentures of the transferor.
- (1C) Condition 2 is that the transfer is not made in exchange for the issue of shares in or debentures of each transferee by reason only, and to the extent only, that a transferee is prevented from complying with Condition 1 by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or by a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself.
- (1D) If Condition 2 applies in relation to the whole or part of a transfer, sections 24 and 122 do not apply in relation to the transfer.
- (2) Where immediately after the time of the transfer the transferee (or each of the transferees) is not resident in the United Kingdom, the appropriate condition is that were it to dispose of the assets included in the transfer any chargeable gains accruing to it on the disposal would form part of its chargeable profits for corporation tax purposes by virtue of section 2B(3).
- (3) Where immediately after the time of the transfer the transferee (or each of the transferees) is resident in the United Kingdom, the appropriate condition is that none of the assets included in the transfer is one in respect of which, by virtue of the asset being of a description specified in double taxation relief arrangements, the company falls to be regarded for the purposes of the arrangements as not liable in the United Kingdom to tax on gains accruing to it on a disposal.
- (4) Where this section applies—
- (a) the transferor and the transferee (or each of the transferees) shall be treated, so far as relates to corporation tax on chargeable gains, as if any assets included in the transfer were acquired by the transferee (or each of the transferees) from the transferor for a consideration of such amount as would secure that on the disposal by way of transfer neither a gain nor a loss would accrue to the transferor;
- (b) section 25(3) shall not apply to any such assets by reason of the transfer (if it would apply apart from this paragraph).
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140B
- (1) Section 140A shall not apply unless the transfer of the business or part 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 income tax, corporation tax or capital gains tax.
- (2) Subsection (1) above shall not apply where, before the transfer, the Board have on the application of the transferor and the transferee (or each of the transferees) notified those companies that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any such scheme or arrangements as are mentioned in that subsection.
- (3) Subsections (2) to (5) of section 138 shall have effect in relation to subsection (2) above as they have effect in relation to subsection (1) of that section.
##### 140C
- (1) This section applies where—
- (a) a company resident in the United Kingdom (the transferor) transfers to a company resident in another member State (the transferee) the whole or part of a business which, immediately before the time of the transfer, the transferor carried on in a member State other than the United Kingdom through a permanent establishment,
- (b) the transfer includes the whole of the assets of the transferor used for the purposes of the business or part (or the whole of those assets other than cash),
- (c) the transfer is wholly or partly in exchange for shares or debentures issued by the transferee to the transferor,
- (d) the aggregate of the chargeable gains accruing to the transferor on the transfer exceeds the aggregate of the allowable losses so accruing,
- (e) a claim is made under this section by the transferor, and
- (f) section 140D does not prevent this section applying.
- (1A) This section also applies where a company resident in the United Kingdom transfers part of its business to one or more companies if—
- (a) the part of the transferor’s business which is to be transferred is carried on, immediately before the time of the transfer, by the transferor in a member State other than the United Kingdom through a permanent establishment,
- (b) at least one transferee is resident in a member State other than the United Kingdom,
- (c) the transferor company continues to carry on a business after the transfer,
- (d) the conditions in subsection (1)(b), (d), (e) and (f) are satisfied, and
- (e) either of the following conditions is satisfied.
- (1B) Condition 1 is that the transfer is made in exchange for the issue of shares in or debentures of each transferee company to the persons holding shares in or debentures of the transferor.
- (1C) Condition 2 is that the transfer is not made in exchange for the issue of shares in or debentures of each transferee by reason only, and to the extent only, that a transferee is prevented from complying with Condition 1 by section 658 of the Companies Act 2006 (rule against limited company acquiring own shares) or by a corresponding provision of the law of another member State preventing the issue of shares or debentures to itself.
- (2) In a case where this section applies, this Act shall have effect in accordance with subsection (3) below.
- (3) The allowable losses accruing to the transferor on the transfer shall be set off against the chargeable gains so accruing and 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) No claim may be made under this section as regards a transfer in relation to which a claim is made under section 140.
- (5) In a case 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.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 140D
- (1) Section 140C shall not apply unless the transfer of the business or part 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 income tax, corporation tax or capital gains tax.
- (2) Subsection (1) above shall not apply where, before the transfer, the Board have on the application of the transferor notified that company that the Board are satisfied that the transfer will be effected for bona fide commercial reasons and will not form part of any such scheme or arrangements as are mentioned in that subsection.
- (3) Subsections (2) to (5) of section 138 shall have effect in relation to subsection (2) above as they have effect in relation to subsection (1) of that section.
##### 149A
- (1) This section applies where—
- (a) an option is granted on or after 16th March 1993,
- (b) 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), and
- (c) section 17(1) of this Act would (apart from this section) apply for the purposes of calculating the consideration for the grant of the option.
- (2) Both the grantor of the option and the person to whom the option is granted shall be treated for the purposes of this Act as if section 17(1) did not apply for the purposes of calculating the consideration and, accordingly, as if the amount or value of the consideration was its actual amount or value.
- (3) Where the option is granted wholly or partly in recognition of services or past services in any office or employment, the value of those services shall not be taken into account in calculating the actual amount or value of the consideration.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter IA — Roll-over relief on re-investment
#### Transfer between settlements: identification of settlor
##### 164A
#### Meaning of “qualifying corporate bond".
#### Calculation of the disposal cost of accumulation units
#### Meaning of “qualifying corporate bond".
#### Exemption for authorised unit trusts etc.
#### Value of benefit conferred by capital payment made by way of making land available
#### Indexation for section 104 holdings: capital gains tax.
#### Exemption for authorised unit trusts etc.
#### Increase in expenditure by reference to tax charged in relation to employment-related 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 SEIS 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
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##### 164B
##### 164MA
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##### 164C
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##### 164D
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##### 164E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 164F
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##### 164G
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##### 164H
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##### 164I
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##### 164J
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##### 164K
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##### 164L
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##### 164M
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##### 164N
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#### Gains and losses on disposals of residential property interests
##### 177A
Schedule 7A to this Act (which makes provision in relation to losses accruing to a company before the time when it becomes a member of a group of companies ... ) shall have effect.
#### Exemption for authorised unit trusts etc.
#### Transfer between settlements: identification of settlor
#### Trustees of settlements.
#### Sub-fund settlements
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
##### 214A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 214B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Friendly societies
##### 217A
- (1) This section and section 217B apply where a registered friendly society is incorporated under the Friendly Societies Act 1992 (“the 1992 Act").
- (2) In this section and section 217B—
- (a) “*the registered society*” means the society before the incorporation, and
- (b) “*the incorporated society*” means the society after the incorporation.
- (3) For the purposes of corporation tax on chargeable gains—
- (a) any asset of the registered society that by virtue of section 6(2) or (3) of the 1992 Act is transferred to the incorporated society,
- (b) any asset of a branch of the registered society that by virtue of section 6(4) of the 1992 Act is transferred to the incorporated society, and
- (c) any asset of a branch of the registered society that is identified in a scheme under section 6(5) of the 1992 Act,
shall be taken to be disposed of by the registered society or branch and acquired by the incorporated society on the incorporation for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the registered society or branch.
##### 217B
- (1) In this section, “*change of membership*” means a change effected by Schedule 4 to the 1992 Act whereby a member of the registered society or of a branch of the registered society becomes a member of the incorporated society or of a branch of the incorporated society.
- (2) For the purposes of this Act, a change of membership shall not be taken to involve any disposal or acquisition of an asset by the member concerned, but all the interests and rights in the incorporated society or a branch of the incorporated society that he has immediately after the change, taken together, shall be treated as a single asset which—
- (a) was acquired by the first relevant acquisition, and
- (b) was added to by any subsequent relevant acquisitions.
- (3) In subsection (2) above, “*relevant acquisition*” means an acquisition by which the member acquired any interest or right in the registered society or a branch of the registered society that he had immediately before the change of membership.
##### 217C
- (1) Where any asset acquired on a disposal to which section 217A(3) applies is subsequently disposed of by the incorporated society, section 41 shall apply as if any capital allowance made to the registered society in respect of the asset had been made to the incorporated society.
- (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.
#### Exemption for authorised unit trusts etc.
#### Holding beginning or ceasing to fall within section 490 of CTA 2009
#### Section 119A: unremitted Part 7A income
#### Interpretation of Chapter 5
#### Postponement of charge on transfer of assets to non-resident company.
#### Effect of share loss relief
## 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 2A(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 2A(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 1218B 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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)
[^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).
[^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).
[^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).
[^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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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 (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-fe7dc1150b20310078b4e7112c67a125]: 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, 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))
[^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-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-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-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-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-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-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
[^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 (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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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-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) 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-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-37384c0868d5acd17cfdb08f2a2e2bb8]: Words in s. 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) 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) 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 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-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-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-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-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-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-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) 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)
[^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) 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))
[^key-77f001ba571e365245fa03ede76b2a52]: Words in s. 66(5) substituted (1.10.2015) by [Deregulation Act 2015 (c. 20)](https://www.legislation.gov.uk/ukpga/2015/20), [s. 115(7)](https://www.legislation.gov.uk/ukpga/2015/20/section/115/7), [Sch. 6 para. 2(12)](https://www.legislation.gov.uk/ukpga/2015/20/schedule/6/paragraph/2/12) (with [Sch. 6 para. 3](https://www.legislation.gov.uk/ukpga/2015/20/schedule/6/paragraph/3)); [S.I. 2015/1732](https://www.legislation.gov.uk/uksi/2015/1732), [art. 2(e)(i)](https://www.legislation.gov.uk/uksi/2015/1732/article/2/e/i)
[^key-92a8381e714c2a284582fa7473cf3b1d]: S. 222(8A)-(8D) applied by Inheritance Tax Act 1984 (c. 51), s. 8H(7) (as inserted (18.11.2015) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [s. 9(4)](https://www.legislation.gov.uk/ukpga/2015/33/section/9/4))
[^key-04acd73cd7ff2762bcf0eda082aafcda]: Words in s. 151E(1) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(2)(a)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/2/a)
[^key-67809b63bc89c9eecb03c35ed8d699a5]: Words in s. 151E(1) substituted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(2)(b)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/2/b)
[^key-e54ffa87470d8088a95cbc6d836ba896]: S. 151E(1A) inserted (with effect in accordance with Sch. 7 Pt. 6 of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [Sch. 7 para. 98(3)](https://www.legislation.gov.uk/ukpga/2015/33/schedule/7/paragraph/98/3)
[^key-e022a4fc97529bd5149a58dc34a88cad]: Pt. 3 Ch. 5 inserted (with effect in accordance with s. 43(2)-(4) of the amending Act) by [Finance (No. 2) Act 2015 (c. 33)](https://www.legislation.gov.uk/ukpga/2015/33), [s. 43(1)](https://www.legislation.gov.uk/ukpga/2015/33/section/43/1)
[^key-991123b15dab5827557ab52d47adadf2]: Words in s. 263CA(9)(e) inserted (6.4.2016) by [The Enterprise and Regulatory Reform Act 2013 (Consequential Amendments) (Bankruptcy) and the Small Business, Enterprise and Employment Act 2015 (Consequential Amendments) Regulations 2016 (S.I. 2016/481)](https://www.legislation.gov.uk/uksi/2016/481), [reg. 1](https://www.legislation.gov.uk/uksi/2016/481/regulation/1), [Sch. 1 para. 10](https://www.legislation.gov.uk/uksi/2016/481/schedule/1/paragraph/10)
[^key-7052fa54e95b2237c7537c8679ec09e6]: S. 116 excluded by Income Tax Act 2007 (c. 3), s. 809FZD(4) (as inserted (with effect in accordance with s. 37(4) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2016/24/section/37/2))
[^key-8eec48a298121a3be97019f36154d494]: S. 169I modified (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 6(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/6/2) (with [Sch. 13 para. 6(3)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/6/3))
[^key-1319469f645fa7b2544d396556df1388]: Words in s. 37(5A)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(7)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/7) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-bab5977e2f169dd65616e087ba9fe3d3]: Words in s. 37(5)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/8) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-c060d8e3e25be01b30117e8a6c9fe2df]: Words in s. 39(4)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/9) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-57138ababf4926fb5e90f8cf48ab0bb3]: Words in s. 39(5)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/8) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-9833980308dc4dd3fc80944bd6400da0]: S. 41(4)(aa) inserted (with effect in accordance with s. 73(8)(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 73(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/73/3)
[^key-d40aed8396e8527e468d5ba69fd861f6]: S. 62(4A)(4B) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/3)
[^key-f03bc97755add8c2dc7b5a4a52a8da70]: Words in s. 151(2) substituted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/2/a)
[^key-0abebb338aa32185155ac97a254b3372]: S. 151(2)(aa)-(ac) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/27/2/b)
[^key-68f5ad7a979ad4991b288c90f9e5aa13]: S. 161(6)(a) substituted (with effect in accordance with s. 81 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 77(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/77/9) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-06ed1ef640197e811b3d169b3604f975]: S. 161(5)(a) substituted (with effect in accordance with s. 82 of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 79(10)](https://www.legislation.gov.uk/ukpga/2016/24/section/79/10) (with savings in 2017 c. 32, s. 39(1)(2))
[^key-085ddd6da0e8e7681a03f5d3c1335848]: Words in s. 169H(7) substituted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 2](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/2)
[^key-052146c507fe580aa8bfb9cec236c79d]: Word in s. 169K(1)(a) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(2)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/2/a)
[^key-633d8da5ffcbe90edd4a535d34ab9ca4]: Words in s. 169K(1)(b) substituted (with effect in accordance with s. 84(14) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(2)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/2/b)
[^key-e304401947bf5ba7c0ac739c4912aa25]: S. 169K(1AA)(1AB) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/3)
[^key-7a25e2006dc6fc5db5db95668bebd09c]: Words in s. 169K(1E) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(4)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/4/a)
[^key-8f15ae0c81029c7ab2d5f7ecb9212ba8]: Words in s. 169K(1E) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(4)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/4/b)
[^key-1959c47b4d58811160cf1848e921f7b0]: Words in s. 169K(3AA) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(5)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/5)
[^key-e21a7e1bd4e7a25da30f2903deb396d0]: Words in s. 169K(3B) substituted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(6)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/6)
[^key-367247cca19353571f54692fe45b06fb]: S. 169K(3BA) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(7)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/7)
[^key-05dd22d6ea62f89c131d906622d8347d]: Word in s. 169K(3C) substituted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/8)
[^key-24436488fcc564093749814c1e6a1602]: S. 169K(4A) inserted (with effect in accordance with s. 84(14) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(9)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/9)
[^key-de79a44d31589a13eda84347a914640d]: S. 169K(6) omitted (with effect in accordance with s. 84(13) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(10)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/10)
[^key-81d54e35d2156309e9b9899d8bf71eb9]: S. 169K(6A) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(11)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/11)
[^key-032490099e530ac601ff3ef6157b1c38]: Word in s. 169K(9) inserted (with effect in accordance with s. 84(13) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 84(12)](https://www.legislation.gov.uk/ukpga/2016/24/section/84/12)
[^key-61dfa189cfdf357df1b9cc5cf1b7e92f]: S. 169LA(1A)-(1C) inserted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(3)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/3)
[^key-1527b58849ef0ea8cd37efb515e1fbb5]: S. 169LA(2)(3) omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(4)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/4)
[^key-1ad01934d5d3f47e2958211e24a83979]: Words in s. 169LA(5) omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(5)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/5)
[^key-2c126ff145e9882376d30046425ed844]: S. 169LA(7)(b) and preceding word omitted (with effect in accordance with s. 85(9) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(6)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/6)
[^key-90475dd5720c8130a46fbfbb8e7d8be4]: Words in s. 169LA(8) inserted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(7)(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/7/a)
[^key-c46ebcc1723ae55d60c468138c28f3cd]: Words in s. 169LA(8) substituted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(7)(b)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/7/b)
[^key-871e56199fe0d770be9b712ca10a19e2]: Words in s. 169LA heading substituted (with effect in accordance with s. 85(9) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 85(8)](https://www.legislation.gov.uk/ukpga/2016/24/section/85/8)
[^key-f2e3ef9cd988fed297a6885820562384]: S. 238A(2)(d) and preceding word omitted (with effect in accordance with Sch. 3 para. 9(4) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 3 para. 9(1)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/3/paragraph/9/1)
[^key-b4e18a863f01f6f677a3d540f22baac2]: Sch. 7D Pt. 4 omitted (with effect in accordance with Sch. 3 para. 9(4) of the amending Act) by virtue of [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 3 para. 9(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/3/paragraph/9/2)
[^key-23127f728364967033e2790b75b01272]: S. 169SA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 4](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/4)
[^key-cce6fb7c2219fa49303d75fd65c028ee]: Sch. 7ZA inserted (with effect in accordance with Sch. 13 para. 6(1) of the amending Act) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 13 para. 5](https://www.legislation.gov.uk/ukpga/2016/24/schedule/13/paragraph/5)
[^key-f7d7883da2414551142e931984f192b5]: [Sch. 7ZB](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZB) inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 3](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/3)
[^key-7177bb8eb9bb90accaa0266ba7c746c1]: Words in Pt. 5 heading inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 1(1)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/1/1)
[^key-d7a1ddaceefe4c583d58a897baaffe28]: Words in Pt. 5 Ch. 1 heading inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 1(2)](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/1/2)
[^key-da6373f53cd2a48dadc69f2b31893233]: Pt. 5 Ch. 5 inserted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [Sch. 14 para. 2](https://www.legislation.gov.uk/ukpga/2016/24/schedule/14/paragraph/2)
[^key-308765c9f6005b796316f7b3f194bf71]: Words in [Sch. 7A para. 8(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/8/2/c) substituted (15.9.2016) by [Finance Act 2016 (c. 24)](https://www.legislation.gov.uk/ukpga/2016/24), [s. 55(a)](https://www.legislation.gov.uk/ukpga/2016/24/section/55/a)
[^key-612a42ac95a5fcb661544bae7f1cbbe9]: Words in s. 66(5) substituted (30.11.2016) by [The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)](https://www.legislation.gov.uk/uksi/2016/1034), [art. 1](https://www.legislation.gov.uk/uksi/2016/1034/article/1), [Sch. 1 para. 10(a)](https://www.legislation.gov.uk/uksi/2016/1034/schedule/1/paragraph/10/a)
[^key-891e137f3f80b3718ad1e0d9ef324ec8]: Word in s. 66(5) substituted (30.11.2016) by [The Bankruptcy (Scotland) Act 2016 (Consequential Provisions and Modifications) Order 2016 (S.I. 2016/1034)](https://www.legislation.gov.uk/uksi/2016/1034), [art. 1](https://www.legislation.gov.uk/uksi/2016/1034/article/1), [Sch. 1 para. 10(b)](https://www.legislation.gov.uk/uksi/2016/1034/schedule/1/paragraph/10/a)
[^key-d8c806994dd172bd438627def8db088d]: S. 96(10)(aa) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [4](https://www.legislation.gov.uk/uksi/2017/495/article/4)
[^key-6395bfd33c8dcaa81fd79e0ebd600bc8]: Sch. 5 para. 2A(9A) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(2)](https://www.legislation.gov.uk/uksi/2017/495/article/5/2)
[^key-3b52cad7f59ded133900cb23ab0d1a87]: Sch. 5 para. 8(8A) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(3)](https://www.legislation.gov.uk/uksi/2017/495/article/5/3)
[^key-f0f1313a0d28661015dde354b8da5faa]: Sch. 5 para. 9(10ZA) inserted (with effect in accordance with art. 6 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2017 (S.I. 2017/495)](https://www.legislation.gov.uk/uksi/2017/495), [arts. 1](https://www.legislation.gov.uk/uksi/2017/495/article/1), [5(4)](https://www.legislation.gov.uk/uksi/2017/495/article/5/4)
[^key-2d78f04f830b9931a98a4e22b0686db2]: Word in [s. 58(2)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/2/a) inserted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/a/i)
[^key-1bb5b085d9603cbbf97961ca83d1a935]: [S. 58(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/2/c) and preceding word omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/a/ii)
[^key-d836a7dffd04070203a5ef3221aeae22]: [S. 58(3)-(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/3) omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(2)(b)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/2/b)
[^key-ca61ea72b99832eb35247c1201600192]: [S. 149AA(6A)](https://www.legislation.gov.uk/ukpga/1992/12/section/149AA/6A) substituted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(3)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/3)
[^key-043722aeb007e36dba637bb8a9342f33]: Ss. 236B-236F omitted (with effect in accordance with s. 13(6)-(8) of the amending Act) by virtue of [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(4)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/4)
[^key-8397227534cd94395ca811595019416e]: Words in s. 236G(1) substituted (with effect in accordance with s. 13(6)-(8) of the amending Act) by [Finance Act 2017 (c. 10)](https://www.legislation.gov.uk/ukpga/2017/10), [s. 13(5)](https://www.legislation.gov.uk/ukpga/2017/10/section/13/5)
[^key-14c24aa4047e8c3a58e05f0481947a17]: [S. 58(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/58/1) excluded (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 41(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/41/6)
[^key-0c0704955ff9c85d89271555f69ba0b3]: Act modified (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 41(8)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/41/8)
[^key-cd87fbeb390d06a9324d1c5e3124806c]: S. 16ZA(1)-(3) substituted (with effect in accordance with Sch. 8 para. 3(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/3/2)
[^key-5b4060d65e0de443772e749c4f6a9e2c]: S. 16ZA(7) inserted (with effect in accordance with Sch. 8 para. 3(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/3/3)
[^key-dc2d5268ca94b7b8b430d501b0664201]: S. 37(1A)-(1C) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/44)
[^key-f4814613fd03a6f746b67825359339c0]: S. 41(4)(zaa) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/2)
[^key-b7c1a4c480183c5eb257ff1f2b15fee1]: S. 41(6A) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/3)
[^key-70340f4a38b29c737677705d7a31afe8]: Words in s. 41(7) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/4)
[^key-73b48ba0b0996b9236be978b37e2c4dd]: S. 41(9)(10) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 45(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/45/5)
[^key-e9264965ec81a38999201fb6a8cb2bda]: S. 47A heading substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/2)
[^key-aeae8aef7e30c2a732b06c575991c28c]: Words in s. 47A(1) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/3)
[^key-9c2498609f43b1a13ede97987c31641c]: S. 47A(2) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/4)
[^key-cf5344dc872175f938e177b885bba573]: Words in s. 47A(3) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/5)
[^key-f2ec6e29b7a9db0cfa71b0dea6892f99]: S. 47A(4) omitted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/6)
[^key-1be2c7064cec1cf4d8aca81094decc6f]: S. 47A(5)(5A) substituted for s. 47A(5) (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(7)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/7)
[^key-af07cb60b9ef770a669f898f88d79d49]: S. 47A(6) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(8)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/8)
[^key-04a0d4f4c59636e645c7d77e311f5c2e]: Words in s. 47A(7)(a) substituted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(9)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/9/a)
[^key-e9c05aece267a5e7a50328602f03216a]: Words in s. 47A(7)(c) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(9)(b)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/9/b)
[^key-b6c86e9ac16e741d24142053fc03edc9]: S. 47A(8) inserted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 46(10)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/46/10)
[^key-097fa8bf089f98b0a78cb6bb07b84947]: S. 47B omitted (with effect in accordance with Sch. 2 para. 64 of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 2 para. 47](https://www.legislation.gov.uk/ukpga/2017/32/schedule/2/paragraph/47)
[^key-33fc2c79774129da6d5762fc083f9e49]: S. 69(2F) inserted (with effect in accordance with Sch. 8 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 6(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/6/1)
[^key-f90ad5d0346e4c0fd40b091cffaeb436]: S. 86(4ZB) inserted (with effect in accordance with s. 32(5) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/32/3)
[^key-d21ae8c19602b952616e866f78f60707]: S. 86(3A) inserted (with effect in accordance with Sch. 8 para. 7(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 7(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/7/1)
[^key-0614ebdd5d3b5e50b5e38bcee89744fb]: S. 87(5B) inserted (with effect in accordance with s. 32(5) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/32/4)
[^key-5947bc34822ef30d30dd68ec03c4f329]: Words in s. 97(4) inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 9 para. 1(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/9/paragraph/1/1)
[^key-879c2e5f3070ffadcce98880505143a9]: Ss. 97A-97C inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 9 para. 1(2)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/9/paragraph/1/2)
[^key-d183cd7b930cf259f58f85cac247a019]: Words in s. 161(3) substituted (with effect in accordance with s. 26(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/26/2/a)
[^key-8ced4bfbac53964d4dc938a900349c4c]: Words in s. 161(3) substituted (with effect in accordance with s. 26(4) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2017/32/section/26/2/b)
[^key-325eb49f9743ce4fe69954c472d9e3ae]: Words in s. 184I(4) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/2/a)
[^key-1e194a4e774acd7a1a8aad479278c664]: Words in s. 184I(4) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(2)(b)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/2/b)
[^key-b597f40519155067ffecf45f92310ec1]: Words in s. 184I(5) substituted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(3)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/3)
[^key-1470b32072522004c30cf3e86426ab77]: Words in s. 184I(7)(a) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(4)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/4)
[^key-8bdde422789eb0dd4196f15f54a1abaf]: S. 184I(9A) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(5)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/5)
[^key-b0eb2379bbade9017e76420711de2eab]: Words in s. 184I(10) inserted (with effect in accordance with Sch. 15 para. 44 of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 15 para. 22(6)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/15/paragraph/22/6)
[^key-d9841e25c6c23e41cfc8dbb7518250f7]: S. 275(3A) inserted (with effect in accordance with Sch. 8 para. 8(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 8(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/8/1)
[^key-ef0be77e854df8a9140c61e6c5da7090]: Word in s. 287(2A) substituted (with effect in accordance with Sch. 5 para. 25(1)(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 5 para. 10(4)(a)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/5/paragraph/10/4/a)
[^key-979127bb66a38e26c904d568de566195]: [Sch. 5 paras. 5A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/5A), [5B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5/paragraph/5B) inserted (16.11.2017) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/18)
[^key-afc9342f0ce43bd6488fae519f1ed9ce]: Sch. 5A para. 3(3A) inserted (with effect in accordance with Sch. 8 para. 9(2) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [Sch. 8 para. 9(1)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/8/paragraph/9/1)
[^key-da90684acd4461fca0524b68be854198]: Words in Sch. 7AC para. 1(2) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/a)
[^key-9a368cc964c5988c6e69df04b1deb706]: Words in Sch. 7AC para. 3(2)(b) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/i)
[^key-79c13ec5be94641ab8810ed60ed3bc69]: Sch. 7AC para. 3(3) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/ii)
[^key-c2ac068de6df04334bf8ab7b80ce1d5f]: Words in Sch. 7AC para. 3(4) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(b)(iii)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/b/iii)
[^key-80c2428245649a7b6d89b783449e423e]: Words in [Sch. 7AC Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/III/part/3) heading omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(c)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/c)
[^key-bc2c4fe49a0af53982873b087b7e7369]: [Sch. 7AC paras. 3A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3A), [3B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3B) and cross-heading inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(2)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/2)
[^key-32713e7069fb12fa34b1b78001e4cc41]: [Sch. 7AC para. 8A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/8A) inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/3)
[^key-401bc20b5c54a875d511ef0f9eb4f40b]: Sch. 7AC para. 30A and cross-heading inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(5)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/5)
[^key-d94d21c2632515c7196175a255e36eae]: Word in [Sch. 7AC para. 7](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/7) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/3)
[^key-2f1c37304a6464f789a12099591b9549]: Words in [Sch. 7AC para. 9(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/9/1) substituted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/4)
[^key-7e4c30038124ed239332900139464cdd]: Words in [Sch. 7AC para. 10(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/10/2/b) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/4)
[^key-acaec2dc889bac5493685d255434e042]: Sch. 7AC para. 18 and preceding cross-heading omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(d)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/d)
[^key-a36d0940c160aa6ba7434f3909eef54f]: Words in [Sch. 7AC para. 19(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/1/b) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(a)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/a)
[^key-0b851668bfd718a65b50b578e0a9f582]: [Sch. 7AC para. 19(1A)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/1A) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(b)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/b)
[^key-9b5045b2cc77162407a3b1dcb5b0738d]: [Sch. 7AC para. 19(4)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/19/4) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(5)(c)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/5/c)
[^key-e7c85b8ef19fdf961366bc195a7ba23d]: Words in [Sch. 7AC para. 23(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/23/3) omitted (with effect in accordance with s. 27(6) of the amending Act) by virtue of [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 27(2)(e)](https://www.legislation.gov.uk/ukpga/2017/32/section/27/2/e)
[^key-8bd0dd5a39487e6902d6635d433db325]: Words in [Sch. 7AC para. 31](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/31) inserted (with effect in accordance with s. 28(7) of the amending Act) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 28(6)](https://www.legislation.gov.uk/ukpga/2017/32/section/28/6)
[^key-1d1028f1bc2c0b4af5a4266d1a91cf95]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271)](https://www.legislation.gov.uk/uksi/2017/1271), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1271/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2017/1271/regulation/9)
[^key-31536461ef7f8719443c15edeb6fc71e]: S. 171A excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Risk Transformation (Tax) Regulations 2017 (S.I. 2017/1271)](https://www.legislation.gov.uk/uksi/2017/1271), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1271/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2017/1271/regulation/9)
[^key-311050d600b30a234d2241e16623363e]: S. 170(3) modified (16.11.2017 for specified purposes, 1.1.2018 in so far as not already in force) by [Finance (No. 2) Act 2017 (c. 32)](https://www.legislation.gov.uk/ukpga/2017/32), [s. 66(4)](https://www.legislation.gov.uk/ukpga/2017/32/section/66/4), [Sch. 17 para. 8(7)](https://www.legislation.gov.uk/ukpga/2017/32/schedule/17/paragraph/8/7) (with [Sch. 17 para. 32](https://www.legislation.gov.uk/ukpga/2017/32/schedule/17/paragraph/32))
[^key-ed3a910ea4bce0de865e60344c87f40b]: S. 99(1A) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [3](https://www.legislation.gov.uk/uksi/2017/1204/regulation/3)
[^key-6946a24136e6105e927ae49d43259f72]: S. 99B(4) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [4](https://www.legislation.gov.uk/uksi/2017/1204/regulation/4)
[^key-2e5db58e2699a420c3a8f7709ce200fb]: Ss. 103A, 103B omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2017/1204/regulation/5)
[^key-10e5a4b765ba64891ffc65bfb13aa63d]: Ss. 103D, 103DA substituted for s. 103D (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [6](https://www.legislation.gov.uk/uksi/2017/1204/regulation/6)
[^key-551704e1177682df0c89d5fddc4ed2e3]: Words in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/a)
[^key-a4039e5c80e3387982edd03ae2e33478]: Word in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(b)(i)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/b/i)
[^key-d2e60b2dc30d05c1ea97bbbf3b316072]: Words in [s. 210C(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/210C/2) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [7(b)(ii)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/7/b/ii)
[^key-bb3009ddc309e36fd2068d87e5a2020b]: Words in [s. 211B(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/211B/5) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [8(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/8/a)
[^key-b735687491084e8d9bb46a28cdce74c8]: [S. 211B(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/211B/6) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [8(b)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/8/b)
[^key-f75176d5e5489c9e549178c22db87fad]: [S. 213(4ZC)(za)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZC/za) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/9/2)
[^key-77e6c415259ff210b10a07f4fd9fe394]: [S. 213(4ZD)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZD)[(4ZE)](https://www.legislation.gov.uk/ukpga/1992/12/section/213/4ZE) omitted (with effect in accordance with reg. 1(2) of the amending S.I.) by virtue of [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [9(3)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/9/3)
[^key-c4d8cb38a9b102ed0a0e438cf70b9c82]: Words in s. 288(1) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [10(a)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/10/a)
[^key-858455219c549aea797d501a5867da37]: Word in s. 288(8) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Collective Investment Schemes and Offshore Funds (Amendment of the Taxation of Chargeable Gains Act 1992) Regulations 2017 (S.I. 2017/1204)](https://www.legislation.gov.uk/uksi/2017/1204), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/1/1), [10(b)](https://www.legislation.gov.uk/uksi/2017/1204/regulation/10/b)
[^key-9a45dfa163a590fbd85c939b693a928b]: S. 196 modified (temp.) (9.2.2018) by [The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79)](https://www.legislation.gov.uk/uksi/2018/79), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2018/79/regulation/1/2), [4](https://www.legislation.gov.uk/uksi/2018/79/regulation/4) (with [art. 2](https://www.legislation.gov.uk/uksi/2018/79/article/2))
[^key-2b06b41d071467dc0d80c31111ee0590]: Ss. 87D-87P inserted (with effect in accordance with Sch. 10 para. 1(12)-(15) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(1)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/1)
[^key-0a2b006f0b3ccdae58a14a935a790f0c]: S. 53(1B) inserted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(2)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/2)
[^key-c021ab8c0cf3714b9b588337bf72f429]: Words in s. 54(1) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/3/a)
[^key-029be2ff41a9576e91ea75b28c20ce4b]: S. 54(1B) inserted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/3/b)
[^key-0a394510726be579742f842d18b63ccf]: Words in s. 62(2A)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(2)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/2)
[^key-84d34c5eca92ad81dfe7fc2947c1171b]: Words in s. 86A(1)(b) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/a/i)
[^key-52e8647f8853ed345856298859573262]: Words in s. 86A(1)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/a/ii)
[^key-a5f689eb72c963e05672e7fa76fef589]: Words in s. 86A(1)(c) omitted (15.3.2018) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/3/b)
[^key-d7dc2e22ae7d1a0347734048d9d68723]: S. 87(2A) inserted (with effect in accordance with Sch. 10 para. 1(13) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(4)(a)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/4/a)
[^key-5a2b3f6bb1cece06d1067d15654ebc23]: S. 87(7) omitted (with effect in accordance with Sch. 10 para. 1(13) of the amending Act) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(4)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/4/b)
[^key-a15df1aedd5f3988da6667c554236a15]: Words in s. 87B(1)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(a)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/a)
[^key-102f69670ab566aacb8200f93e9823f3]: Words in s. 87B(1)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/b)
[^key-60f8edea1364066761e524c3fbc9c202]: Words in s. 87B(4) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(5)(c)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/5/c)
[^key-8bb0ebe66df626c69a2969a2a6386bf2]: Word in s. 89(3) substituted (with effect in accordance with Sch. 10 para. 1(16) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(6)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/6)
[^key-04d72a98a1e022dfbcc93cead7e94ab9]: Words in s. 91(1)(a) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/a/i)
[^key-c328c6aeae49c2bb57690c9b5117d7fa]: Words in s. 91(1)(a) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/a/ii)
[^key-713176b7236b210be78c5a8aa73e5f5c]: Word in s. 91(1)(b) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-4f59ea0c3537ec5e3fbf796a16f2d288]: Word in s. 91(2) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-4169af4e69c596516a85d6b840a27002]: Word in s. 91(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(7)(b)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/7/b)
[^key-6fea1843524bc4719bbd25b404daf371]: Words in [s. 97(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/97/1/a) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 20(2)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/2) (with [Sch. 10 para. 20(5)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/5))
[^key-c22c75d5392305530cbdf5507d984ee2]: Words in s. 97(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 20(3)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/3) (with [Sch. 10 para. 20(5)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/20/5))
[^key-9632682b8acf188c76de4db5801c9900]: Words in [s. 110(10)](https://www.legislation.gov.uk/ukpga/1992/12/section/110/10) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(4)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/4/a)
[^key-f9d7bf38157edf201701d7ea904095ff]: [S. 110(11)](https://www.legislation.gov.uk/ukpga/1992/12/section/110/11) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(4)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/4/b)
[^key-1819c34c5e17994ec6bc1cedcd2c3aeb]: Words in [s. 114(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/114/2) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(5)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/5/a)
[^key-89c35f091af863585c222717a35e68f0]: [S. 114(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/114/3) substituted (with effect in accordance with s. 26(6)(7) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 26(5)(b)](https://www.legislation.gov.uk/ukpga/2018/3/section/26/5/b)
[^key-832a110ef6e2c5395bc60a4e4fa2f3ce]: [S. 140(4B)](https://www.legislation.gov.uk/ukpga/1992/12/section/140/4B) inserted (with effect in accordance with s. 27(2) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 27(1)](https://www.legislation.gov.uk/ukpga/2018/3/section/27/1)
[^key-870891530fc503e6d6e3afbd594641f2]: Words in [s. 151N(1)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/1/h) inserted (with effect in accordance with s. 34(4) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(a)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/a)
[^key-e842dfc29f15012ad3cffc0e19eee6aa]: Word in [s. 151N(2)(h)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/h) omitted (with effect in accordance with s. 34(4) of the amending Act) by virtue of [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/b/i)
[^key-29fe87ca4ad7f6f1f3a9c11c4ef04a1e]: [S. 151N(2)(j)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/j)[(k)](https://www.legislation.gov.uk/ukpga/1992/12/section/151N/2/k) inserted (with effect in accordance with s. 34(4) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 34(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/section/34/2/b/ii)
[^key-0136435d8c5f89216e8a0dbc8822164f]: Words in s. 176(1) substituted (with effect in accordance with s. 28(2) of the amending Act) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [s. 28(1)](https://www.legislation.gov.uk/ukpga/2018/3/section/28/1)
[^key-31b2406efbd13fc2f7b80fb66c108030]: Words in s. 279A(7)(b) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(8)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/8)
[^key-7dc6a626d0e9183a76d8ac9d1d27cfb3]: Words in s. 279C(6)(c) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(8)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/8)
[^key-5cadcf7d8e0e3ab38791d8a08ff05c00]: Words in Sch. 4C para. 1A(1) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/i)
[^key-2282fa10d5784e0d70e240c77df1601c]: Words in Sch. 4C para. 1A(1) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/ii)
[^key-fd0d308fb9627644eec07f139d35b79d]: Words in Sch. 4C para. 1A(1) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(a)(iii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/a/iii)
[^key-e6774ff12884741e0ab2c8b99ee14df6]: Words in Sch. 4C para. 1A(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(b)(i)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/b/i)
[^key-5e1f6b0ab8f3b9e12602524fc71ad2d8]: Words in Sch. 4C para. 1A(3) substituted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(9)(b)(ii)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/9/b/ii)
[^key-0ec23d8257baa517d6186643962d45a4]: Sch. 4C para. 8(6) inserted (15.3.2018) by [Finance Act 2018 (c. 3)](https://www.legislation.gov.uk/ukpga/2018/3), [Sch. 10 para. 1(10)](https://www.legislation.gov.uk/ukpga/2018/3/schedule/10/paragraph/1/10)
[^key-f33a09f52b921dcba69e4680cb57db17]: Words in s. 196(1)(a) substituted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/2) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-6596574f3337de4e1420b3d5779429e5]: Words in s. 196(1)(b) substituted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(2)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/2) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-f29e2c553fa7df6dc765eb1a6d8dd225]: S. 196(3) omitted (1.10.2018) by virtue of [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(3)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/3) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-1e846f80d454bfd4838c2544c4c80c47]: Words in s. 196(5) inserted (1.10.2018) by [Wales Act 2017 (c. 4)](https://www.legislation.gov.uk/ukpga/2017/4), [s. 71(4)](https://www.legislation.gov.uk/ukpga/2017/4/section/71/4), [Sch. 6 para. 21(4)](https://www.legislation.gov.uk/ukpga/2017/4/schedule/6/paragraph/21/4) (with [Sch. 7 paras. 1](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/2017/4/schedule/7/paragraph/6)); [S.I. 2017/1179](https://www.legislation.gov.uk/uksi/2017/1179), [reg. 4(b)](https://www.legislation.gov.uk/uksi/2017/1179/regulation/4/b)
[^key-9178645496614b62cd9e1d308c6f097b]: Words in s. 196(5) inserted (1.10.2018 immediately after Wales Act 2017 (c. 4), Sch. 6 Pt. 2 comes into force) by [The Scotland Act 2016 (Onshore Petroleum) (Consequential Amendments) Regulations 2018 (S.I. 2018/79)](https://www.legislation.gov.uk/uksi/2018/79), [regs. 1(3)](https://www.legislation.gov.uk/uksi/2018/79/regulation/1/3), [9](https://www.legislation.gov.uk/uksi/2018/79/regulation/9)
[^key-ef71b7b69809e16d2e83747680b25c1b]: Sch. 7AC para. 6 excluded by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 782A(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/782A/3) (as inserted (with effect in accordance with s. 26(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [s. 26(3)](https://www.legislation.gov.uk/ukpga/2019/1/section/26/3))
[^key-88d6c63b976cfe43e64b621565eb1946]: Act modified by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 535A(9)](https://www.legislation.gov.uk/ukpga/2010/4/section/535A/9) (as inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 115](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/115))
[^key-1b49ddaf54e8a1100794d41f9479431f]: Act modified (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 123(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/123/4)[(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/123/5)
[^key-9e85edc44ba17b6e3bd08abf9756e060]: [S. 144(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/144/2) excluded (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 13(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/13/2)
[^key-34f790f5b5c9294946e490fc6f846f03]: [S. 144A(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/144A/2/b) excluded (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 13(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/13/2)
[^key-a176bb5f19e7a25399a0e3bdff0a1846]: Act modified (12.2.2019) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 17(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/17/3)
[^key-8f1b51e533ff9b07068f2c9150edcf5f]: Pt. 1 substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/2)
[^key-c4b2ed6bf7f7a20bf56133d62160f6eb]: Ss. 16ZB-16ZD omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/3)
[^key-12c6832bd574f5db2aa84a452875f19f]: S. 16(3) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 24](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/24)
[^key-5133b0f833f333c31c49260f39845561]: S. 25(3A)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 25(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/25/2)
[^key-90a3aaed92dde33ea052dda45bc441a5]: Words in s. 25(7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 25(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/25/3)
[^key-275e517a79aaee87271263ac31e4e1cc]: S. 25ZA substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 26](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/26)
[^key-c236a9a8c904a969d1cd8ccee3ec5517]: S. 36A and cross-heading inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/4)
[^key-3713bfc35746253f62dfcc573bdf6b3b]: Pt. 2 Ch. 5 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 5](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/5)
[^key-a0ae7f2256bd30b61546adf75d1f7d62]: Pt. 2 Ch. 6 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/6)
[^key-1475515f87abdaeafee978bc996f092c]: Pt. 2 Ch. 7 omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/7)
[^key-c036b660e66121d71a72e6fa366c5118]: [S. 103DB](https://www.legislation.gov.uk/ukpga/1992/12/section/103DB) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/8)
[^key-59a45579f31559a8bee40b2f091b9f78]: [Ss. 271ZA](https://www.legislation.gov.uk/ukpga/1992/12/section/271ZA), [271ZB](https://www.legislation.gov.uk/ukpga/1992/12/section/271ZB) and cross-heading inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 9](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/9)
[^key-6386cb1607e0d1566f41815f31aefe83]: [Sch. B1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/B1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 10](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/10)
[^key-30e8ccbb5cf78e41ba4a424588419b5e]: [Sch. BA1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/BA1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 11](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/11)
[^key-4263a3309730c893722fb0d3da67e9c0]: [Sch. C1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/C1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 12](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/12)
[^key-ce25f855453595f8b5796e76a495d3ff]: [Sch. 1](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 13](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/13)
[^key-d55ba9ee96fb9c7d6926575d7587693b]: [Sch. 4ZZA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/18)
[^key-8a0eb50067d88adce3c6be7aea4b2e0b]: [Sch. 4ZZB](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZB) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 19](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/19)
[^key-9cb87c8c092db9435ddfa51262507883]: [Sch. 4ZZC](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4ZZC) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 20](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/20)
[^key-61b3976b301e1faf2a7eb64899dfc00f]: [S. 48A(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/1/a) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/2)
[^key-2c04eaaaf97374a66e8dec6c162ddcbf]: Words in [s. 48A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/2) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/3/a)
[^key-6805eec0b4459e44f4b6941d991ddc7f]: Words in [s. 48A(2)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/2/c) substituted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/3/b)
[^key-bc470a44cb0478057ccda2860a8d4245]: [S. 48A(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/48A/7) inserted (with effect in accordance with Sch. 1 paras. 27(5)(6), 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 27(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/27/4)
[^key-7a591941b6e5d9ee08479655bea56551]: Words in [s. 59(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-2bee1e999093a9adb62ad270a941f947]: Words in [s. 59(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-d7b84fb4bcbfa41c990963263d99eeea]: Words in [s. 59(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/59/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 28](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/28)
[^key-b733eb33b8d607116998bf1997d36732]: Words in s. 62(2A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/2/a)
[^key-5dd8381c3f5c3134a9c204a4ec1a4be0]: S. 62(2A)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/2/b) (with [Sch. 1 para. 29(5)(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/5))
[^key-ccc3d489e8a25e3f9a44a97080846b4b]: Words in s. 62(2AA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/3)
[^key-95f667b0bcfcba042269f5666b5ea049]: S. 62(11) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 29(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/29/4)
[^key-29893b5c60d886f5000518676f12e96d]: Words in [s. 79B(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/2)
[^key-63cf6360d2aff7a522791dfc3b5c955c]: Words in [s. 79B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/3)
[^key-0710114ae221e9d40d96a666074e57d0]: Words in [s. 79B(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/4/a)
[^key-af6a4388e9a2c8bf8d64d87fbf3b8929]: Words in [s. 79B(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/4/b)
[^key-4e52a0657ebb3926b94cf622101de17a]: Words in [s. 79B(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/79B/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 30(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/30/5)
[^key-4ea5e32ff7aa9422ad7a0bd36db9168f]: [S. 80A](https://www.legislation.gov.uk/ukpga/1992/12/section/80A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 31](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/31)
[^key-e68986956bb39a0001363bb6207c58b9]: Words in [s. 85A(2A)](https://www.legislation.gov.uk/ukpga/1992/12/section/85A/2A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 32(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/32/a)
[^key-f954b7ef270197f89944845d0a5ebd1f]: Words in [s. 85A(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/85A/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 32(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/32/b)
[^key-cd9509803787a9622a9040a5a5d2453c]: Words in [s. 86(1)(e)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/1/e) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 33(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/33/2)
[^key-6546ccf23c8c3c6923c47fa3f936ea1d]: [S. 86(4ZA)](https://www.legislation.gov.uk/ukpga/1992/12/section/86/4ZA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 33(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/33/3)
[^key-e3533c77bc1470b9c8a16731fe2ce808]: Words in s. 86A(1)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/2)
[^key-1fb97abf94eeb3ca5f2e4284385b72ff]: Words in s. 86A(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/4)
[^key-8453e8fe6e967633a2e2b419acfd5b17]: Words in s. 86A(6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/6)
[^key-9f6ec1c53d092e384666554413215e1e]: Words in s. 86A(8)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(8)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/8)
[^key-22994b910f58e13ad016160ba24f871d]: Words in s. 86A heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(9)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/9)
[^key-6b61d589c882bcfb8668c488b836e8a8]: Words in s. 86A(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/3)
[^key-377f6156febfab6085f27de9abe7d5da]: Words in s. 86A(4)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/5)
[^key-a7f0005b2a15c341887d5706bbb050b2]: Words in s. 86A(7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 34(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/34/7)
[^key-5f3683c6ebe134d409df0fa84e53d973]: Words in s. 87(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/2)
[^key-70c871f83955b000b60565d54b3ce2c0]: Words in s. 87(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/3/a)
[^key-6a45b3233f99e71362ab6e794dff0f5b]: Words in s. 87(4)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/3/b)
[^key-08a6b087d621fc68eda7cf8ca88f6fc8]: Words in s. 87(5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/4)
[^key-7c89a6136d1be3f9f7f873e3431ead2b]: S. 87(5A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/5)
[^key-5221fd48ff3afe08086ff154175acdce]: Words in s. 87(5B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 35(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/35/6)
[^key-2dcee07caf8a2cae2a5258ed35e4c760]: Words in [s. 87A](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^M_F_2c8eaee2-f664-4473-d868-1f802e9c776e]: Words in [s. 87A(3)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^M_F_bf1f0dde-e350-4902-8ffc-34999bccef6f]: Words in [s. 87A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 36](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/36)
[^key-70d4ff94709c8316a03d9f070bc8e31b]: [S. 87B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 37](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/37)
[^key-51d916e696df6feda93b45617f603f3f]: Words in [s. 87J(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/87J/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/38)
[^key-bc412446e2d7d62f179520a6c83d5037]: Words in [s. 87J(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/87J/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 38](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/38)
[^key-dbc4311ddc1421b30ad05183774db0ad]: Words in [s. 87N(2)(d)(i)](https://www.legislation.gov.uk/ukpga/1992/12/section/87N/2/d/i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/39)
[^key-ba7b827df08915f3008ca022df0a7455]: Words in [s. 87N(2)(d)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/87N/2/d/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 39](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/39)
[^key-b5396cb4473b68441fe0d602f726ace5]: Words in [s. 87P(1)(e)(i)](https://www.legislation.gov.uk/ukpga/1992/12/section/87P/1/e/i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/40)
[^key-b32b8f97a0cde6a4fb5dd7a06b27c7b9]: Words in [s. 87P(1)(e)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/87P/1/e/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 40](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/40)
[^key-3db92458dfb3f2dd5ba44c4f5f60faac]: Words in [s. 88(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-3ebb2b318207750aab3c9c11d9bf74f1]: Words in [s. 88(3)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/3/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-be99377f285639420149771244eb781b]: Words in [s. 88(3)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/88/3/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 41](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/41)
[^key-9615c2065861d2b588aea030f234f09c]: Words in [s. 89(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/89/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 42](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/42)
[^key-7777b9c61c649d5baf828f62073f4f52]: Words in [s. 90(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-60e448bc15e6db2591602bfca2602f4b]: Words in [s. 90(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-2d83823d83187a7cc8e8bc5af0a5418a]: Words in [s. 90(10)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/90/10/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 43](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/43)
[^key-1fbf515b2cfa920129e7f4e18d2610f9]: Words in [s. 91(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/91/1/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 44](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/44)
[^key-a6989030099af5380061d8935a323e75]: Words in [s. 96(9A)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/96/9A/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 45](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/45)
[^key-dfacaafdf199100a80101d6a9e363404]: [S. 100A](https://www.legislation.gov.uk/ukpga/1992/12/section/100A) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 46](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/46)
[^key-0bfd857e06b3a45b744e16df1cd031ac]: Words in [s. 103KC](https://www.legislation.gov.uk/ukpga/1992/12/section/103KC) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 47](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/47)
[^key-20ed2d09ba1f7c1297726b04b809549a]: Words in [s. 103KE(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/103KE/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 48](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/48)
[^key-4b0b0e2bd5b31245e2d2cf41e208d1b4]: Words in [s. 139(1A)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A/a) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/a)
[^key-7cad7e9a8c7aa7d358eb881363b6ff57]: Words in [s. 139(1A)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A/b) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/a)
[^key-d3286ab414e3b9ae0e634cbebb282197]: Words in [s. 139(1A)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/2/b)
[^key-4cf50abaf4d2d4f5b178a236ac698756]: [S. 139(1AA)](https://www.legislation.gov.uk/ukpga/1992/12/section/139/1AA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 49(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/49/3)
[^key-4de9ccd3a804971ceba1b455367aae02]: Words in [s. 140A(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/140A/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 50](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/50)
[^key-07cddca705299c1f8d986ef6e9b47617]: Words in [s. 140E(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140E/5/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 51(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/51/2)
[^key-17976e1e2f2f4cbcab018630a3e127a1]: Words in [s. 140E(6)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/140E/6/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 51(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/51/3)
[^key-9590a2123a4f0a3be2f7198ba3ad1a44]: Words in s. 159(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 52](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/52)
[^key-01f0ecd39f267021056a01c1172165c1]: S. 159A substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 53](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/53)
[^key-d0f20662c7eb3a602adef5de9f865c77]: Words in s. 161(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/2)
[^key-aed973f146139a5246bb3259e154704c]: S. 161(3ZA) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/3)
[^key-614ea9194db9dee0935763c97d7472c3]: S. 161(3ZB) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/3)
[^key-5aff78aa4e10d16b350e3dbb17389a95]: Words in s. 161(3A) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 54(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/54/4)
[^key-37e651a2ecd16dd4e566034bbace0273]: Words in s. 165(7A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/2)
[^key-9de0edf4fc94526b11aee76e579c8a1a]: Words in s. 165(7B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/3)
[^key-3b92a2e6526b20297cb13db8687f4efd]: Words in s. 165(7C) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/4)
[^key-9d0b6dc920a3153ab057c1615630d163]: S. 165(7D) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 55(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/55/5)
[^key-4520ce3e9322a2cb5576cc8aa5970742]: Words in s. 167A(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/2/a)
[^key-494d66c2f27847a7324f607d91f50fad]: S. 167A(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/2/b)
[^key-c5ec9d4cf40c2b64efac88483464f6a8]: Words in s. 167A(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/a)
[^key-4a6fc7ed82757fc6e18ce13640b28bbe]: Words in s. 167A(3)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/b)
[^key-74538e63bd67ca9c2abc701623211197]: Words in s. 167A(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/c)
[^key-d72a73c4e202247be119d71290e56f03]: Words in s. 167A(3)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(3)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/3/d)
[^key-4f54779d4fc51e53609bd4db62f4c363]: Words in s. 167A(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/4/a)
[^key-06373826efd11d993a07e820ea58346c]: S. 167A(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/4/b)
[^key-09d176eb3d5a4c70ce1bcc2b66912d29]: S. 167A(6)(7) substituted for s. 167A(6) (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/5)
[^key-68bdaea71693a7aed3a98a7b8d451e70]: Words in s. 167A heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 56(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/56/6)
[^key-0810bb85c3b6adfcf039e7eb54e573ef]: S. 168A substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 57](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/57)
[^key-4fba4ccdba3c9da8e38d2ff9332b5346]: Words in s. 169I(3) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-e8261a50d44fbd403148e2948bb55397]: Words in s. 169I(4)(a) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/b)
[^key-df495e7d8c85f7d577ca56cd3510e2b6]: Words in s. 169I(6) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-93be4ca8a23b5c9eb35fe8a5afdf4d81]: Words in s. 169I(7A)(b) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-62a784b9667bd9fd4cf1ee713ed1dd50]: Words in s. 169I(7A)(c) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/a)
[^key-a0a45ce807936a26f199ae60afe8e4a7]: S. 169I(7ZA)(7ZB) inserted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/d)
[^key-9cf9b1e6222a3253e9ff33ac7b6c78e1]: Words in s. 169I(7) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-86a79a32b2a53e7695ffe936cacac3c5]: Words in s. 169I(7B)(b) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-6886dfaf6fc44df7c280977460643da5]: Words in s. 169I(7B)(c) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/2/c)
[^key-daab3b42dbcd8b82d059d93aaaeb3915]: Words in s. 169J(4) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/3/a)
[^key-a76a0ee6da8cc4d23dfc43f99b2e90bb]: Words in s. 169J(5)(a) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/3/b)
[^key-b8774969fc50d04698f1a998bb347079]: Words in s. 169K(4) substituted (with effect in accordance with Sch. 16 para. 4(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/4)
[^key-e3441964ee935f671b92d9292696ef0d]: S. 169K(1B)(a) substituted (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/2)
[^key-d3da8d72224729689cd232258b88c9fd]: S. 169LA(1)-(1ZB) substituted for s. 169LA(1) (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/3/a)
[^key-2a3352b3ee35e87e6c2e0b5d2ea106e8]: Words in s. 169LA(1A)(a) substituted (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/3/b)
[^key-20d53ebe9988bb8243f4a012d4822733]: Words in s. 169N(4B) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 58](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/58)
[^key-e027a96c038bb0654fab692a08e414a3]: Words in s. 169O(6) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/5)
[^key-8658de5fa35a2c0e1616889f7ed0d7ac]: S. 169S(3)-(3E) substituted for s. 169S(3)(4) (with effect in accordance with Sch. 16 para. 4(4) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 2(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/2/4)
[^key-8092bb40923f2dba743f915a2ebab86d]: Words in s. 169VK(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 59](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/59)
[^key-696a21a9365ebfd99adda3db6382c159]: Words in s. 169VL(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 60](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/60)
[^key-894f071178339211c4699d2298367577]: Words in s. 171(1A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/2)
[^key-59a595f88bac22ba019c122a9eb00f35]: S. 171(1B) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/3)
[^key-9154917186b62a114a230d7ff067f72b]: S. 171(2)(ba) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 61(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/61/4)
[^key-0fb6f2b2c81cf07b542131c918e4d3db]: S. 171A(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 62](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/62)
[^key-a23a58f2dd9eb737cd21538b4c1c8e8c]: Words in s. 171B(5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 63](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/63)
[^key-7a561c859355b812e37211b612cb0e31]: Words in s. 175(2AA) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 64](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/64)
[^key-9fecfa55b5bd3e92f798ec77febd2b36]: Words in s. 179(3B)(c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 65(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/65/2)
[^key-e80d8bc2881010df2d8bc72f7b50db5c]: Words in s. 179(10A)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 65(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/65/3)
[^key-23b64ba1c85fa1d4d860682d2d2dab5c]: Word in s. 185(1) substituted (with effect in accordance with Sch. 8 para. 9(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 9(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/9/3)
[^key-cfcceb24ee801864552ae7b9a355a470]: S. 187 repealed (with effect in accordance with Sch. 8 para. 9(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 9(1)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/9/1)
[^key-d9150fbe4606abcffdd1920ae5f93959]: S. 187A omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 66](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/66)
[^key-da90014a5f8c67743be81acd880a6593]: S. 187B substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 67](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/67)
[^key-c51d72cb12fbb117c88058fcea48cff5]: S. 190(2)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 69(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/69/2)
[^key-6ba74d9293305b8743c9fa14403384dc]: Words in s. 190(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 69(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/69/3)
[^key-acb2cd1069e29fc1b800f50350edef80]: Ss. 188A-188K and cross-heading omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 68](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/68)
[^key-49711f2b2e22f9172cbe0d1fb41e1598]: Words in [s. 199(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/199/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 70(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/70/2)
[^key-dc25df73fd1ccc946f680cdedd6366a2]: Words in [s. 199(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/199/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 70(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/70/3)
[^key-74e5cfbb372298ef7dba4a6c6aea6c59]: Words in [s. 210A(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/210A/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 71](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/71)
[^key-ea5678e12be12a4630191eff0d2feb58]: S. 222A(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 72](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/72)
[^key-d4c9fa5b2c11e8f4e1763ea0fc96eee5]: Words in s. 222A(6)(a) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/2/a)
[^key-5dcc280b76972b6e0dbbffe9f8e86438]: Words in s. 222A(7)(a) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/2/b)
[^key-0d1c78ebf8fdc5fd8c5194ff2fcc4eb1]: Words in s. 222B(2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 73(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/73/2)
[^key-3553da9dae2dbbebbbc67f5188645626]: Words in s. 222B(10) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 73(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/73/3)
[^key-65d959457d0658b2c59427172f516a4e]: Words in s. 223(7)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 74(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/74/2)
[^key-caee54d8c8c8d278f40194384ba8e80d]: Words in s. 223(7A) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 74(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/74/3)
[^key-e3eeac4f5d4d35b440eafbe6c1959db6]: Words in s. 223A(3)(b) substituted (with effect in accordance with Sch. 2 para. 32(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 2 para. 26(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/2/paragraph/26/3)
[^key-6a2a274d6705e68ae2533baa88cc0539]: Words in [s. 228(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/228/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 75](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/75)
[^key-66bd861910b361161af21a448789b12a]: Words in s. 260(6ZA)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/2)
[^key-a546e379b4d8a8e2aea9bd721440b0be]: Words in s. 260(6ZB) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/3)
[^key-d1aa2b07b0188452d7236dbffe82f5a4]: Words in s. 260(6ZC) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/4)
[^key-b2df8c831c64e2611b58f43e58110cf5]: S. 260(6ZD) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 76(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/76/5)
[^key-ba03e3df1fe133da4384344ea779187f]: Words in [s. 261C(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/261C/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 78](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/78)
[^key-9059875bb40a6a24efcd46ad6e907fcd]: Words in [s. 261E(2)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/261E/2/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 79(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/79/a)
[^key-11aeaa7069a23034322da48f9e011dce]: Words in [s. 261E(2)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/261E/2/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 79(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/79/b)
[^key-eaa0b7f8dd246ef7b65871f31483b3a6]: Words in s. 261ZA(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/2/a)
[^key-99223b94ff9be6a903d4644cc7812181]: S. 261ZA(1)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/2/b)
[^key-4bdffc03f4fda62183539412dd6e752b]: Words in s. 261ZA(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/a)
[^key-edfe709abb8bdb9bf5aa83f00be180d6]: Words in s. 261ZA(3)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/b)
[^key-4b67fae665ce02075c61279f284d37e4]: Words in s. 261ZA(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(3)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/3/c)
[^key-83b5eeb1e0bf57039eefe446565af3fd]: Words in s. 261ZA(4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/a)
[^key-7accad96690e2a70ae2c69c2ae3e6515]: Words in s. 261ZA(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/b/i)
[^key-2c8f1228dbd8bba8b57faf68f05d8d14]: Words in s. 261ZA(4)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/4/b/ii)
[^key-860892efef1ecb9e89723b0b24395fa2]: Words in s. 261ZA(5)(b)(i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(5)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/5/a)
[^key-0b18e838a9e28ea4a3099ecb25c51a30]: Words in s. 261ZA(5)(b)(i) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(5)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/5/b)
[^key-d22ce7724585a672e2801689482d619d]: S. 261ZA(6)(7) substituted for s. 261ZA(6) (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/6)
[^key-05f9699df9baa302408045d691c6e471]: Words in s. 261ZA heading substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 77(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/77/7)
[^key-bd351ae4cad88078d2c047488255834b]: Words in [s. 263ZA(5)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/263ZA/5/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 80(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/80/a)
[^key-754cce69990a648eb762939c8ab1712c]: Words in [s. 263ZA(5)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/263ZA/5/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 80(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/80/b)
[^key-fae6a16015dbdc02119f37a50e9c15c0]: Words in [s. 271B(2)](https://www.legislation.gov.uk/ukpga/1992/12/section/271B/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 81](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/81)
[^key-2e4a48cc0cd8ac8e7076ef335a20d3e9]: Words in [s. 279A(7)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/279A/7/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 82](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/82)
[^key-5f5359922b3a95bdcba851d3021f9130]: Words in [s. 279B(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/1/b/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/2/a)
[^key-b100a573eb5cd0a185ffb3fe8e5d5a31]: Words in [s. 279B(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/1/b/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/2/b)
[^key-6ef0e36d3ea98bf26684930105f5031e]: Words in [s. 279B(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/3)
[^key-fc30e4d5e60d57262534fb9e437c80ac]: Words in [s. 279B(8)(a)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/8/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/4)
[^key-db946ae18e892713a7a8413b40f5d9bb]: Words in [s. 279B(8)(b)](https://www.legislation.gov.uk/ukpga/1992/12/section/279B/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 83(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/83/4)
[^key-8348b12b9d0980bf7a6a35d6260aa8b9]: Words in [s. 279C(3)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/2)
[^key-b068668dee9c203a128b1d4b57ed7fb3]: Words in [s. 279C(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(3)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/3/a)
[^key-43bf0ffea5eb086ef66745bf75c36375]: Words in [s. 279C(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/4) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(3)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/3/b)
[^key-f9661d7d22ae74433ac05a7f28c58085]: Words in [s. 279C(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/5) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(4)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/4)
[^key-f83ef0c7029ad013ebaf72e997a49669]: Words in [s. 279C(6)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/6) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(5)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/5/a)
[^key-00dd0dba78a6885916397e0af91c6b5d]: Words in [s. 279C(6)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/279C/6/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 84(5)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/84/5/b)
[^key-d4bb961a788ccae0faede89e0cefdff6]: Words in [s. 279D(6)(c)](https://www.legislation.gov.uk/ukpga/1992/12/section/279D/6/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 85(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/85/2)
[^key-74b0442f772b855ceb732c48f3ea0014]: Words in [s. 279D(7)](https://www.legislation.gov.uk/ukpga/1992/12/section/279D/7) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 85(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/85/3)
[^key-c9aff12c0e0bf04e7eb3c285ea9001cb]: Word in [s. 287(4)](https://www.legislation.gov.uk/ukpga/1992/12/section/287/4) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 86](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/86)
[^key-66a83fbcb738b968ef22439515b4653e]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/a)
[^key-f76079ec91234a8af5d52624b6b03bee]: Words in s. 288(1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/b)
[^key-afdbe229b82f8a37088e610afe60b82b]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(c)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/c)
[^key-0f8d1a2cf8f670e932cf477ee274a436]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(d)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/d)
[^key-823f3ead304f5c25911e6d1430a6d5ee]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(e)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/e)
[^key-c675bec95e2490bab8df03d26125de03]: Words in [s. 288(1)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/1) omitted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by virtue of [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(2)(f)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/2/f)
[^key-5d2c23a2745f4bbc63238858fbb96410]: Words in [s. 288(8)](https://www.legislation.gov.uk/ukpga/1992/12/section/288/8) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 87(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/87/3)
[^key-f7e13220c15f5a60790b16afd38fcc57]: Words in [Sch. 4A para. 6(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4A/paragraph/6/1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 88](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/88)
[^key-3e046e1041a6940ab688b9452ad06327]: Words in [Sch. 4C para. 1A(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/1A/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/3)
[^key-19592d462af431ab8994920c173dd99b]: Words in [Sch. 4C para. 4(2)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/4/2) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/4/a)
[^key-aef687d2e5ba87deaa6890a4cbd23614]: [Sch. 4C para. 4(3)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/4/3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(4)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/4/b)
[^key-842381563cef4a153f4e05b1314c1cc9]: Words in [Sch. 4C para. 6(1)(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/6/1/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(5)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/5)
[^key-688cfea62dc68de189704438542da004]: Words in [Sch. 4C para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/paragraph/12/1/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-64f4235ac4a4b1a1143dcff3054e5f73]: Words in [Sch. 4C para. 12(5)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-settlor-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-f2a207a22a9c43fe1f0de27c42012c06]: Words in [Sch. 4C para. 12 cross-heading](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-settlor-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(6)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/6)
[^key-58a3a5c31a53e6bdc035a6065635162f]: Words in [Sch. 4C para. 12A cross-heading](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-f40d65f92cb10f0a7377fefa510cf81c]: Words in [Sch. 4C para. 12A(1)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-12ee2fb253fc179077e7c8b24441e4e7]: Words in [Sch. 4C para. 12A(5)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C/crossheading/attribution-of-gains-to-beneficiaries-in-section-10a-cases) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(7)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/7)
[^key-4f8c67ca7f7c0eedf9f535ece4d70de6]: Words in [Sch. 4C](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4C) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 89(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/89/2)
[^key-5d42f7da9d96a3eb2e1f38b898386f1a]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(2)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/2)
[^key-cd26a6eef0718cb848c4ea92173ce08d]: Words in Sch. 5 para. 1(2)(a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(3)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/3)
[^key-65ee9a2711ffc07dab0372fce50ef9c9]: Words in Sch. 5 para. 1(3)(b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/a)
[^key-83456379d73721aeb9c6cdf2524ab0ab]: Words in Sch. 5 para. 1(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(b)(i)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/b/i)
[^key-498fe5dc9f142f23a817e38b7bbcfa8b]: Words in Sch. 5 para. 1(3) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 90(4)(b)(ii)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/90/4/b/ii)
[^key-0672a40ccf054fbfa02baa649d612bb3]: Words in [Sch. 7A para. 6(1)(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/6/1/c) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/91)
[^key-5a252102557698542c9e78b730d20fcd]: Words in [Sch. 7A para. 6(1)(d)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7A/paragraph/6/1/d) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 91](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/91)
[^key-1ee1724940d7958a6894fa462593ad62]: Words in [Sch. 7AC para. 3(2)(c)(ii)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7AC/paragraph/3/2/c/ii) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 92](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/92)
[^key-371c02921ed58427ec2d2bfbd091e36e]: Words in [Sch. 7C para. 8(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7C/paragraph/8/a) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 93(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/93/a)
[^key-0a9fb07c086194b53b67c12825b3bca1]: Words in [Sch. 7C para. 8(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7C/paragraph/8/b) substituted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 93(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/93/b)
[^key-2820bfa3906e679df25fbc7bd7eb9b7e]: Words in [Sch. 7ZA para. 25(a)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/a) substituted (with effect in accordance with Sch. 16 para. 4(1) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(a)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/a)
[^key-799ae4ee112a2af7d75ceb776eb751c0]: Words in [Sch. 7ZA para. 25(b)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/b) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/b)
[^key-63f7c74335fca4dde989eb1f02d9f18a]: Words in [Sch. 7ZA para. 25(c)](https://www.legislation.gov.uk/ukpga/1992/12/schedule/7ZA/paragraph/25/c) substituted (with effect in accordance with Sch. 16 para. 4(3) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 1(6)(b)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/1/6/b)
[^key-54aca3dbf6a607f6e276424c1fec282b]: Pt. 5 Ch. 3A inserted (with effect in accordance with Sch. 16 para. 4(5) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 16 para. 3](https://www.legislation.gov.uk/ukpga/2019/1/schedule/16/paragraph/3)
[^key-831389acf4999db4d1c25a8995b23357]: [S. 184J](https://www.legislation.gov.uk/ukpga/1992/12/section/184J) and cross-heading inserted (with effect in accordance with Sch. 8 para. 11(2) of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 8 para. 11(1)](https://www.legislation.gov.uk/ukpga/2019/1/schedule/8/paragraph/11/1)
[^key-c90515f66e5c516cbb97846e4aee3408]: Words in s. 225D(1)(a) omitted (29.4.2019) by virtue of [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(2)(a)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/2/a)
[^key-da5588ecb70038994c30e83426da47bb]: S. 225D(1)(aa) inserted (29.4.2019) by [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(2)(b)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/2/b)
[^key-ba1f080959cd0846d33da1d52811add7]: Words in s. 225D(4) substituted (29.4.2019) by [The Regulation and Inspection of Social Care (Wales) Act 2016 (Consequential Amendments) Regulations 2019 (S.I. 2019/772)](https://www.legislation.gov.uk/wsi/2019/772), [regs. 1(2)](https://www.legislation.gov.uk/wsi/2019/772/regulation/1/2), [7(3)](https://www.legislation.gov.uk/wsi/2019/772/regulation/7/3)
[^key-1d86d673388174b9b9ec834cd9fe0100]: S. 24(3A)-(3F) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(2)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/2)
[^key-b2ca3a243b55a8e7d4c54ea7906040cb]: [S. 24A](https://www.legislation.gov.uk/ukpga/1992/12/section/24A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(3)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/3)
[^key-2fd6a4e913f4f9afc9b31721cf597eb9]: [S. 37B](https://www.legislation.gov.uk/ukpga/1992/12/section/37B) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(4)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/4)
[^key-6b26c9ae09bdd1396ab083fce4f4166c]: [S. 39A](https://www.legislation.gov.uk/ukpga/1992/12/section/39A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(6)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/6)
[^key-78ef25acc35155f5694789d8cd8ed7bd]: [S. 39(3B)](https://www.legislation.gov.uk/ukpga/1992/12/section/39/3B) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(5)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/5)
[^key-2f43a01f847f81d3c397713b996de47e]: [S. 41(4A)](https://www.legislation.gov.uk/ukpga/1992/12/section/41/4A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(7)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/7)
[^key-b4aca8f2b96923f7ed426fc97267d6ed]: Words in [s. 52(5)](https://www.legislation.gov.uk/ukpga/1992/12/section/52/5) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(8)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/8)
[^key-7d95155a6908dda6a2668ed7903c9d60]: [S. 103D(3A)](https://www.legislation.gov.uk/ukpga/1992/12/section/103D/3A) inserted (5.7.2019) by [The Capital Allowances (Structures and Buildings Allowances) Regulations 2019 (S.I. 2019/1087)](https://www.legislation.gov.uk/uksi/2019/1087), [regs. 1](https://www.legislation.gov.uk/uksi/2019/1087/regulation/1), [4(9)](https://www.legislation.gov.uk/uksi/2019/1087/regulation/4/9)
[^key-672bf530009f0c36b6bec66fdc0b88c2]: [Sch. 1A](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1A) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 14](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/14)
[^key-043e0f366fc099b273c1d415db405db4]: [Sch. 1B](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1B) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 15](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/15)
[^key-c23eb31a699845d43863d099aca4ea55]: [Sch. 1C](https://www.legislation.gov.uk/ukpga/1992/12/schedule/1C) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 16](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/16)
[^key-21ab4c9231b19755bd0236cf3d1f9e32]: [Sch. 4AA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/4AA) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 17](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/17)
[^key-368a8a0546f4a3be04cf4246643e5334]: [Sch. 5AAA](https://www.legislation.gov.uk/ukpga/1992/12/schedule/5AAA) inserted (with effect in accordance with Sch. 1 paras. 120, 123 of the amending Act) by [Finance Act 2019 (c. 1)](https://www.legislation.gov.uk/ukpga/2019/1), [Sch. 1 para. 21](https://www.legislation.gov.uk/ukpga/2019/1/schedule/1/paragraph/21)
[^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))
[^M_C_39e0582f-e89d-484b-a259-50bce0d57ce1]: S. 2A(1)(b) modified (retrospective to 29.10.2018) by [Finance Act 2020 (c. 14)](https://www.legislation.gov.uk/ukpga/2020/14), [Sch. 4 para. 46](https://www.legislation.gov.uk/ukpga/2020/14/schedule/4/paragraph/46)
#### Sub-fund settlements
#### Death: application of law in Northern Ireland
#### Variation of will or intestacy, etc: identification of settlor
#### Value of benefit conferred by capital payment made by way of making land available
#### Calculation of the disposal cost of accumulation units
#### Meaning of “qualifying corporate bond".
#### Calculation of the disposal cost of accumulation units
#### Meaning of “qualifying corporate bond".
#### Exemption for certain EEA UCITS
#### Value of benefit conferred by capital payment made by way of making land available
#### Indexation: building society etc. shares.
#### Exemption for authorised unit trusts etc.
#### Section 119A: unchargeable, and unremitted chargeable, foreign securities income
##### 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 SEIS 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Power to obtain information for purposes of sections 87 to 90.
#### Calculation of the disposal cost of accumulation units
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
## SCHEDULE 5A
@@ -21266,7 +21270,7 @@
##### 8
- (1) Chargeable gains are treated as accruing in a tax year (“the relevant tax year”) to a beneficiary who has received a capital payment from the trustees of a relevant settlement in the relevant tax year or any earlier tax year if all or part of the capital payment is matched (under section 87A as it applies for the relevant tax year) with the section 1(3) amount in the Schedule 4C pool for the relevant tax year or any earlier tax year.
- (1) Chargeable gains are treated as accruing in a tax year (“the relevant tax year”) to a beneficiary who has received a capital payment from the trustees of a relevant settlement in the relevant tax year or any earlier tax year if all or part of the capital payment is matched (under section 87A as it applies for the relevant tax year) with the section 2(2) amount in the Schedule 4C pool for the relevant tax year or any earlier tax year.
- (2) The amount of chargeable gains treated as accruing is equal to—
@@ -21356,7 +21360,7 @@
- (1) This paragraph applies if—
- (a) chargeable gains are treated under paragraph 8 as accruing to a beneficiary by virtue of the matching (under section 87A) of all or part of a capital payment with the section 1(3) amount for a tax year (“the relevant tax year”), and
- (a) chargeable gains are treated under paragraph 8 as accruing to a beneficiary by virtue of the matching (under section 87A) of all or part of a capital payment with the section 2(2) amount for a tax year (“the relevant tax year”), and
- (b) the beneficiary is charged to tax by virtue of the matching.
@@ -22044,9 +22048,9 @@
and in subsection (4) the reference to section 128(3) includes a reference to that provision as it is applied by virtue of any enactment relating to chargeable gains.
#### Assets derived from other assets.
#### Death: application of law in Northern Ireland
#### Part disposals.
#### Death: application of law in Scotland.
##### 162A
@@ -24222,7 +24226,7 @@
- (b) where (apart from section 279C) a loss is to be treated by virtue of section 1M as accruing in a particular period, whether the loss is an allowable loss.
#### Shares beginning or ceasing to be shares to which section 521B of CTA 2009 applies
#### Holding beginning or ceasing to fall within section 490 of CTA 2009
##### 279C
@@ -24334,9 +24338,9 @@
- (2) If the settlement has a Schedule 4C pool at the beginning of the year of the transfer—
- (a) the section 1(3) amounts in the Schedule 4C pool are increased by the section 1(3) amounts for the settlement that are outstanding at the end of the year of the transfer, and
- (b) the section 1(3) amount in the pool for the year of transfer is increased (or further increased) by the amount of Schedule 4B trust gains accruing by virtue of the further transfer.
- (a) the section 2(2) amounts in the Schedule 4C pool are increased by the section 2(2) amounts for the settlement that are outstanding at the end of the year of the transfer, and
- (b) the section 2(2) amount in the pool for the year of transfer is increased (or further increased) by the amount of Schedule 4B trust gains accruing by virtue of the further transfer.
- (3) If the settlement does not have a Schedule 4C pool at the beginning of the year of the transfer, this Schedule applies in relation to the further transfer as it applied in relation to the original transfer.
@@ -24436,7 +24440,7 @@
- (c) an offshore fund.
#### Disposals made by persons after leaving cash basis
#### Exemption for certain disposals under, or after leaving, cash basis
##### 169B
@@ -24804,7 +24808,7 @@
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Increase in expenditure by reference to tax charged in relation to shares etc.
#### Section 119A: unremitted Part 7A income
#### Treatment of alternative finance arrangements
@@ -25224,13440 +25228,13440 @@
- (6) This section applies to losses accruing on or after 6th April 2005.
#### Effect of share loss relief
##### 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).
#### Section 119A: unchargeable, and unremitted chargeable, foreign securities income
#### Procedure for clearance in advance.
#### Seed enterprise investment scheme: reduction of relief
#### Relief on re-investment for individuals.
##### 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
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Personal equity plans.
#### Seed enterprise investment scheme: re-investment
#### Exchange gains and losses from loan relationships: regulations
##### 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 in relation to any matters, the Board may give the company a relevant notice relating to those matters only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries referred to in subsection (4) 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 (so far as relating to the matters in question), 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.
- (9A) Subsection (9) does not apply to a partial closure notice which does not relate to any matter to which the relevant notice relates.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, so far as relating to the matters to which the relevant notice relates, 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.
#### Indexation for section 104 holdings: capital gains tax.
#### Effect of share loss relief
##### 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.
#### Seed enterprise investment scheme: re-investment
#### Postponement of charge on transfer of assets to non-resident company.
#### Seed enterprise investment scheme: re-investment
#### Relief on re-investment for individuals.
#### Introduction
##### 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) This paragraph applies in the case of an individual for a tax year if—
- (a) the remittance basis applies to the individual for the tax year, and
- (b) an election under section 16ZA has effect for the tax year.
- (2) Allowable losses accruing to the individual must be matched to chargeable gains accruing to the individual in accordance with paragraph 4.
- (3) If allowable losses are matched to chargeable gains accruing on disposals of foreign assets—
- (a) which actually accrue in the tax year, but
- (b) which are, as a result of paragraph 1, treated as not accruing in the tax year,
the amount of those gains is reduced by the matched amount (and the allowable losses are reduced accordingly).
- (4) So far as allowable losses are matched to other chargeable gains, they are deducted from chargeable gains accruing to the individual in the tax year.
- (5) This is subject to—
- (a) paragraph 2 (no use of allowable losses against foreign gains remitted in later year), and
- (b) section 1E(4) (prohibition of deduction of losses from gains treated as accruing under section 87, 87K, 87L or 89(2)).
## 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 1K(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 1(3),
- (b) section 1K(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.
#### Seed enterprise investment scheme: reduction of relief
#### Postponement of charge on transfer of assets to non-resident company.
#### Which shares are in holding immediately before disposal
##### 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,rights under an authorised contractual scheme which is a co-ownership scheme, orshares 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, ... in the case of an authorised contractual scheme which is a co-ownership scheme, means the person who is the operator of the scheme for the purposes of that Part, and in 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.
#### Application of sections 127 to 131.
##### 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).
#### Section 119A: unchargeable, and unremitted chargeable, foreign securities income
#### Use of earn-out rights for exchange of securities.
#### Seed enterprise investment scheme: reduction of relief
#### Roll-over relief on re-investment by trustees.
##### 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.
#### Exchange gains and losses from loan relationships: regulations
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZA
- (1) An individual may make an election under this section in respect of—
- (a) the first tax year in which section 809B of ITA 2007 (claim for remittance basis) applies to the individual, or
- (b) the first tax year in which that section applies to the individual following a period in which the individual has been domiciled in the United Kingdom.
- (2) Where an individual makes an election under this section in respect of a tax year, the election has effect in relation to the individual for—
- (a) that tax year, and
- (b) all subsequent tax years.
- (2A) But if after making an election under this section an individual becomes domiciled in the United Kingdom at any time in a tax year, the election does not have effect in relation to the individual for—
- (a) that tax year, or
- (b) any subsequent tax year.
- (2B) Where an election made by an individual under this section in respect of a tax year ceases to have effect by virtue of subsection (2A), the fact that it has ceased to have effect does not prevent the individual from making another election under this section in respect of a later tax year.
- (3) If an individual does not make an election under this section in respect of a year referred to in subsection (1)(a) or (b), foreign losses accruing to the individual in—
- (a) that 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.
- (7) Section 835BA of ITA 2007 (deemed domicile) applies for the purposes of this section.
##### 16ZB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZD
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### 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 1(3) amounts.
- *Step 1*Find the section 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) amount for the relevant tax year (as so reduced) is nil, read references to the section 1(3) amount for the relevant tax year as the section 1(3) 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 1(3) 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 1(3) 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, 87K or 87L as accruing to an individual in a tax year, and
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, ...
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The chargeable gains are chargeable gains accruing on the disposal of an asset situated outside the United Kingdom.
- (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, or onward payment (see section 87I(1)(c)), 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) Sections 169S and 169SA contain 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 2 years 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 2 years 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 2 years 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 2 years 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.
- (7ZA) If, in any case where an individual disposes of any shares in a company—
- (a) there has been an issue of shares in the company to the individual following a relevant business transfer, and
- (b) any of the issued shares constitute, or otherwise form part of, the shares disposed of,
the conditions in subsection (6)(a) and (b) are to be treated as met in any period ending immediately before the transfer throughout which the individual owned the business.
- (7ZB) For the purposes of subsection (7ZA), shares have been issued “following a relevant business transfer” if they have been issued wholly or partly in exchange for the transfer of a business as a going concern, together with the whole assets of the business or the whole of those assets other than cash.
- (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 2 years ending with the date of the disposal, and
- (c) throughout that period of 2 years—
- (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 2 years ending with the cessation date,
- (c) the conditions in paragraph (c) of subsection (7A) are met throughout that period of 2 years, 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 2 years 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 2 years 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, A1A, A2 or A3 is met, and
- (b) conditions B, C and D 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.
- (1AA) Condition A1A is that P makes a material disposal of business assets which consists of the disposal of the whole of P's interest in the assets of a partnership, and—
- (a) that interest is an interest of less than 5%,
- (b) P holds at least a 5% interest in the partnership's assets throughout a continuous period of at least 3 years in the 8 years ending with the date of the disposal, and
- (c) at the date of the disposal, no partnership purchase arrangements exist.
- (1AB) Subject to subsection (6A), for the purposes of conditions A1 and A1A, in relation to the disposal of an interest in the assets of a partnership, “*partnership purchase arrangements*” means arrangements (other than the material disposal itself) 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).
- (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 constitute at least 5% of the company's ordinary share capital and are shares in the individual's personal company (and section 169S(3A)(a) to (c) apply here but as if the reference to the final day of the period mentioned in section 169S(3A)(a) were to the date of the disposal), 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) Subject to subsection (6A), 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 (other than the material disposal itself) 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.
- (3AA) Subject to subsection (6A), for the purposes of condition B, in relation to a disposal mentioned in that condition and 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), but does not include any arrangements in connection with a material disposal in relation to which condition A1 or A1A is met.
- (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 share purchase arrangements.
- (3BA) Subject to subsection (6A), for the purposes of condition B, in relation to a disposal mentioned in that condition and 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,
but does not include any arrangements in connection with a material disposal in relation to which condition A2 or A3 is met.
- (3C) For the purposes of subsection (3BA)(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 2 years 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.
- (4A) Condition D is that the disposal mentioned in condition B is of an asset which P owns throughout the period of 3 years ending with the date of that disposal.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6A) For the purposes of this section, in relation to a material disposal of business assets and a disposal mentioned in condition B, arrangements are not partnership purchase arrangements or share purchase arrangements if they were made before both disposals and without regard to either of them.
- (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 capital 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 1H (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 2 years 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 a company is a “*personal company*” in relation to an individual if—
- (a) the individual holds at least 5% of the ordinary share capital of the company,
- (b) by virtue of that holding, at least 5% of the voting rights in the company are exercisable by the individual, and
- (c) either or both of the following conditions are met—
- (i) by virtue of that holding, the individual is beneficially entitled to at least 5% of the profits available for distribution to equity holders and, on a winding up, would be beneficially entitled to at least 5% of assets so available, or
- (ii) in the event of a disposal of the whole of the ordinary share capital of the company, the individual would be beneficially entitled to at least 5% of the proceeds.
- (3A) In determining whether subsection (3)(c)(ii) applies for the purposes of any provision of this Chapter under which a question arises as to whether or not a company is the individual's personal company at any time in a particular period —
- (a) it is to be assumed that (so far as this is not otherwise the case) the whole of the ordinary share capital is disposed of at that time for a consideration equal to its market value on the final day of the period,
- (b) it is to be assumed that the amount of the proceeds to which the individual would be beneficially entitled at that time is the amount of the proceeds to which, having regard to all the circumstances as they existed at that time, it would be reasonable to expect the person to be beneficially entitled, and
- (c) the effect of any avoidance arrangements is to be ignored.
- (3B) For the purposes of subsection (3A)(c)—
- (a) arrangements are “avoidance arrangements” if the main purpose of, or one of the main purposes of, the arrangements is to secure that any provision of this Chapter applies or does not apply, and
- (b) “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (3C) For the purposes of subsection (3) if the individual holds any shares in the company jointly with one or more other persons, the individual is to be treated as the sole holder of so many of them as is proportionate to the value of the individual's share (and references in subsection (3) to the exercise of voting rights or beneficial entitlement are to be read accordingly).
- (3D) A modified version of Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies for the purposes of subsection (3) reading references to company A as references to the individual.
- (3E) The reference here to a modified version of Chapter 6 of Part 5 of CTA 2010 is to the provisions of that Chapter having effect as if—
- (a) for the purposes of section 158(1)(b), a person carrying on a business of banking were not a loan creditor of a company in respect of any loan capital or debt issued or incurred by the company for money lent by the person to the company in the ordinary course of that business,
- (b) sections 171(1)(b) and (3), 173, 174 and 176 to 181 were omitted, and
- (c) any modifications were made as are necessary for the purpose of applying that Chapter as if the individual were company A.
- (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), ...
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 119A: unremitted Part 7A income
#### Disincorporation relief: assets (including pre-FA 2002 goodwill)
#### Application of section 169SD where section 116 applies
#### Which shares are in holding immediately before disposal
### 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 1(3) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 1(3) 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, directly or indirectly by virtue of the matching of the section 1(3) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87, 87K, 87L or 89(2) as accruing in the relevant tax year to an individual who is not chargeable to tax for that year.Increase the section 1(3) 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 an individual is “chargeable to tax” for a tax year if, as respects that year, the individual is UK resident for the tax year (as determined in accordance with Chapter 1 of Part 1 of this Act).
### 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 exchange gains or losses (as defined by section 475 of CTA 2009) to which section 328(1) of CTA 2009 does not apply because of section 328(3) of that Act or because of regulations under section 328(4) of that Act.
- (1A) The regulations may make provision as to the way in which, including the currency by reference to which, the amounts to be brought into account are to be calculated.
- (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.
#### Relief on re-investment for individuals.
#### Transfer or division of UK business
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Personal equity plans.
#### Seed enterprise investment scheme: re-investment
#### Exchange gains and losses from loan relationships: regulations
##### 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
#### Restriction on set-off of pre-entry losses.
#### Disincorporation relief: post-FA 2002 goodwill
##### 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) 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
- (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).
#### Reorganisations where consideration given
#### Contingent liabilities.
#### Part disposals.
##### 103A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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 chargeable to corporation tax as a result of section 2B(3) or (4).
- (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 bankruptcy application made or 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.
#### Introduction
##### 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 or admitted to trading on a multilateral trading facility operated by an EEA-regulated 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, ...
- (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,
- (j) a recognised stock exchange is an “EEA-regulated recognised stock exchange” if it is regulated in the European Economic Area, and
- (k) “*multilateral trading facility*” has the same meaning as in Article 4.1.22 of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.
- (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 as a result of section 1A(3)(a) 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.
#### Exchange of shares for those in another company
#### Restriction on set-off of pre-entry losses.
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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 ... , pursuant to an adult placement scheme,
- (aa) in Wales, pursuant to arrangements which constitute or form part of an adult placement service,
- (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”— in relation to Scotland, has the meaning given by paragraph 11 of Schedule 12 to the Public Services Reform (Scotland) Act 2010, andin relation to Wales, has the meaning given by paragraph 6 of Schedule 1 to the Regulation and Inspection of Social Care (Wales) Act 2016 (anaw 2).
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Death: application of law in Scotland.
#### Exemption for certain disposals under, or 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.
#### Sections 184A and 184B: meaning of “qualifying change of ownership”
### 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.
#### Asset subject to EU exit charge on becoming chargeable asset
#### Tax recoverable from another group company or controlling director.
### 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) For the purposes of this section—
- “tax transparent fund” means—an authorised contractual scheme which is a co-ownership scheme, oran offshore fund that is a transparent fund within the meaning given by regulation 11 of the Offshore Funds (Tax) Regulations 2009, and
- “fund property”, in relation to a tax transparent fund, means the property subject to the fund.
- (2) 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, and
- “co-ownership scheme” has the meaning given by section 235A of that Act.
- (3) A unit in a tax transparent fund is treated as an asset for the purposes of this Act, and, accordingly, a participant’s interest in the fund property is disregarded for those purposes.
- (3A) But if a participant is entitled to an allowance under Part 2A of CAA 2001 (structures and buildings allowances) by reference to expenditure in relation to any fund property, the participant’s interest in the fund property is not to be disregarded under subsection (3) for the purposes of the application of section 37B (exclusion of certain expenditure: structures and buildings allowances) in relation to the disposal by the participant of units in the fund.
- (4) In computing the gain accruing on a disposal by a participant of units in a tax transparent fund, an amount which—
- (a) represents income from the fund property, and
- (b) is taken into account as a receipt or other credit of the participant in calculating an amount chargeable to income tax,
is treated as expenditure falling within section 38(1)(b).
- (5) In computing the gain accruing on a disposal by a participant of units in a tax transparent fund—
- (a) the sums that would otherwise be allowable under section 38(1) as a deduction from the consideration in the computation of the gain are reduced (but not below nil) by the amounts within subsection (7), and
- (b) if those amounts exceed the sums that would otherwise be so allowable, the consideration is treated as increased by the amount of the excess.
- (6) So far as an amount within subsection (7) is dealt with under subsection (5)(a), it is not also dealt with under section 39.
- (7) An amount is within this subsection if it is—
- (a) any amount arising to the participant from the fund property which is taken into account as an expense or other debit of the participant in calculating an amount chargeable to income tax, or
- (b) anything paid or transferred to the participant, or anything else of value received by the participant, which is referable to the holding of the units (whenever paid, transferred or received) unless section 22 applies to whatever is paid, transferred or received.
- (8) In the case of any asset transferred as mentioned in subsection (7)(b), the value of the asset on the date of the transfer is taken to be its market value on that date.
- (9) If a participant has incurred expenditure in relation to any fund property in respect of which a capital allowance or renewals allowance (as defined by section 41(4) or (5)) has been or may be made, that expenditure is excluded from the sums allowable as a deduction in computing the amount of a loss accruing to the participant on a disposal of the units in the fund.
- (10) In this section—
- “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, andin relation to an offshore fund (which is not a collective investment scheme), has the meaning given in section 362(1) of TIOPA 2010, and
- “units”, in relation to a tax transparent fund, means the rights or interests (however described) of the participants in the fund.
### 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” means an offshore fund that is a transparent fund within the meaning given by regulation 11 of the Offshore Funds (Tax) Regulations 2009.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## 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 company which is resident in the United Kingdom in an accounting period is chargeable to corporation tax on chargeable gains accruing to the company in the period on the disposal of assets wherever situated.
- (2) This is subject to Chapter 3A of Part 2 of CTA 2009 (exemption from charge in respect of profits of foreign permanent establishments).
- (3) A company which is not resident in the United Kingdom is chargeable to corporation tax on chargeable gains that—
- (a) accrue to the company on the disposal of assets situated in the United Kingdom that have a relevant connection to the company's UK permanent establishment (see section 2C),
- (b) accrue at a time when it has that permanent establishment, and
- (c) are, in accordance with sections 20 to 32 of CTA 2009, attributable to that permanent establishment.
- (4) In addition, a company which is not resident in the United Kingdom is chargeable to corporation tax on chargeable gains accruing to the company on the disposal of assets not within subsection (3) that are—
- (a) interests in UK land, or
- (b) assets (wherever situated) not within paragraph (a) that derive at least 75% of their value from UK land where the company has a substantial indirect interest in that land.
- (5) Section 1C applies for the purposes of subsection (4)(a) as it applies for the purposes of section 1A(3)(b) (disposing of interests in UK land).
- (6) The reference in subsection (4)(b) to assets deriving at least 75% of their value from UK land where the company has a substantial indirect interest in that land is to be read in accordance with Schedule 1A.
##### 2C
- (1) For the purposes of section 2B(3) a company has a UK permanent establishment at any time if, at that time, the company carries on a trade in the United Kingdom through a permanent establishment there.
- (2) For the purposes of section 2B(3) an asset has a relevant connection to a company's UK permanent establishment if—
- (a) it is, or was, used in or for the purposes of the trade at or before the time of the disposal,
- (b) it is, or was, used or held for the purposes of the permanent establishment at or before that time, or
- (c) it is acquired for use by or for the purposes of the permanent establishment.
- (3) Section 2B(3) does not apply to a company which, as a result of Part 2 of TIOPA 2010 (double taxation arrangements), is exempt from corporation tax for the accounting period in respect of the profits of the permanent establishment.
- (4) In the case of the long-term business of an overseas life insurance company, subsection (2) has effect as if for paragraph (b) there were substituted—
> (b) it is, or was, used or held for the purposes of the permanent establishment at or before that time (irrespective of where it is situated at that time),
.
- (5) In this section references to a trade include an office and references to carrying on a trade include holding an office.
##### 2D
- (1) The total amount of chargeable gains to be included in a company's total profits for an accounting period is calculated for corporation tax purposes in accordance with capital gains tax principles.
- (2) All of the following questions are determined in accordance with the enactments relating to capital gains tax as if accounting periods were tax years—
- (a) any question as to the amounts to be, or not to be, taken into account as chargeable gains or allowable losses,
- (b) any question as to the amounts to be, or not to be, taken into account in calculating gains or losses,
- (c) any question as to the amounts charged to tax as a company's gains, and
- (d) any question as to the time when any amount is treated as accruing.
- (3) This section is subject to any provision made elsewhere by the Corporation Tax Acts.
##### 2E
- (1) If the CGT enactments contain any reference to—
- (a) income tax, or
- (b) the Income Tax Acts,
the reference is, in relation to a company, to be read as a reference to corporation tax or the Corporation Tax Acts.
- (2) But—
- (a) this does not affect references to income tax in section 39(2), and
- (b) so far as the CGT enactments operate by reference to matters of any specified description, account is to be taken for corporation tax purposes of matters of that description confined to companies but not of any confined to individuals.
- (3) In this section “*the CGT enactments*” means the enactments relating to capital gains tax.
##### 2F
- (1) This Act as it has effect in accordance with this Chapter is not to be affected in its operation by the fact that capital gains tax and corporation tax are distinct taxes.
- (2) But this Act is, so far as it is consistent with the Corporation Tax Acts, to apply in relation to capital gains tax and corporation tax on gains as if they were one tax.
- (3) Accordingly, a matter which in a case involving two individuals is relevant to both of them in relation to capital gains tax is in a similar case involving an individual and a company—
- (a) relevant to the individual in relation to capital gains tax, and
- (b) relevant to the company in relation to corporation tax.
##### 10AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 13A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cash basis accounting
##### 47A
- (1) No chargeable gain shall accrue on the disposal of, or of an interest in, an asset if conditions A, B and D are met in relation to the asset.
- (2) Condition A is that the asset is not land.
- (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, vocation or property business carried on by the person.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) Condition D is that relevant disposal proceeds—
- (a) are brought into account as a receipt (whether or not on the cash basis) under section 96A(3I) of ITTOIA 2005 in calculating the profits of a trade, profession or vocation (capital receipts under, or after leaving, cash basis: trades, professions and vocations), or
- (b) are brought into account as a receipt (whether or not on the cash basis) under section 307E(12) of that Act in calculating the profits of a property business (capital receipts under, or after leaving, cash basis: property businesses).
- (5A) “*Relevant disposal proceeds*” means disposal proceeds as mentioned in section 96A(3F) of ITTOIA 2005 or (as the case may be) section 307E(9) of that Act which arise from the disposal mentioned in subsection (1).
- (6) Subsection (7) applies in the case of the disposal of, or of an interest in, an asset—
- (a) which, in the period of ownership of the person making the disposal—
- (i) has been used partly for the purposes of the trade, profession or vocation and partly for other purposes, or
- (ii) has been used for the purposes of the trade, profession or vocation for part of that period, or
- (b) expenditure on which by the person has qualified in part only for capital allowances.
- (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 qualified for capital allowances,
- (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, or to the expenditure qualifying for capital allowances.
- (8) In this section “*property business*” means a UK property business or an overseas property business within the meaning of Part 3 of ITTOIA 2005 (see sections 264 and 265 of that Act).
##### 47B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter 5 — Computation of gains and losses: relevant high value disposals
##### 57A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 100A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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.
#### Company that receives mixed consideration: N does not exceed C
#### Reimbursed expenditure
#### Company that gives mixed consideration
## SCHEDULE 4ZZA
### Introductory
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Assets held on 5 April 2013, 5 April 2015 or 5 April 2016: no paragraph 5 election
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Election for paragraph 2 to 4 not to apply to a chargeable interest
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where election made or or none of Cases 1 to 3 apply
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustments of ATED chargeable days
##### 7
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##### 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
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##### 236C
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##### 236D
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##### 236E
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##### 236F
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##### 236G
- (1) This section applies where an individual has acquired shares in consideration of entering into an agreement by virtue of which the individual is an employee shareholder (see section 205A(1)(a) to (d) of the Employment Rights Act 1996).
- (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.
#### Restrictions on buying gains: tax avoidance schemes
#### Restrictions on setting losses against pre-entry gains.
#### Disposals of interests in oil fields etc: ring fence provisions.
#### Disposals by housing related bodies.
#### Amount of relief.
### 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.
#### Chargeable event when replacement property owned.
#### Chargeable events when bonds owned.
#### Chargeable events when bonds owned.
#### Exemption for employee shareholder shares
#### Small part disposals.
#### Hold-over relief for gains re-invested in social enterprises
## 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 2021 (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 2021 (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).
### CommentaryRef Ref="key-8f1b51e533ff9b07068f2c9150edcf5f"/>UK residential property: non-resident CGT
#### Meaning of “non-resident CGT disposal”
##### 14B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14E
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##### 14F
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##### 14G
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##### 14H
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##### 25ZA
- (1) This section applies if an interest in UK land is deemed to have been disposed of under section 25(3) by a person at any time.
- (2) The gain or loss that, but for this subsection, would have accrued to the person at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the person of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) A disposal to which section 171 (transfers within a group) applies does not count as a subsequent disposal for the purposes of this section.
- (6) A person may elect for a disposal deemed to have been made under section 25(3) to be excluded from the operation of this section.
- (7) An election made by a company must be made within 2 years after the day on which the deemed disposal occurs.
- (8) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 48A
- (1) This section applies where—
- (a) a person (“P”) has made a disposal (“the original disposal”) on which a relevant non-resident gain or relevant non-resident loss accrued,
- (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 P is not UK resident for the tax year in which the ascertained consideration is received (as determined for the purposes of Chapter 1 of Part 1)—
- (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) relevant non-resident gain or relevant non-resident 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.
- (7) In this section—
- “*relevant non-resident gain*” means—a gain that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, ora gain that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c), and
- “*relevant non-resident loss*” means an allowable loss accruing on a disposal which, had a gain accrued instead, would have been a relevant non-resident gain.
### Chapter 6 — Computation of gains and losses: non-resident CGT disposals
##### 57B
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##### 80A
- (1) This section applies if—
- (a) an interest in UK land is deemed to have been disposed of under section 80(2) by trustees of a settlement at any time, and
- (b) the trustees make an election under this subsection.
- (2) The gain or loss that, but for this subsection, would have accrued to the trustees at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the trustees of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 159A
- (1) This section applies in a case where—
- (a) the old assets that are disposed of are interests in UK land, and
- (b) a chargeable gain accruing on the disposal would (apart from section 152) be within the charge to tax because of section 1A(3)(b) or 2B(4)(a).
- (2) Section 152 applies only if the new assets that are acquired are interests in UK land.
- (3) In this section—
- (a) “*interest in UK land*” has the meaning given by section 1C,
- (b) “*the old assets*” and “*the new assets*” have the same meaning as in section 152,
- (c) any reference to a disposal of the old assets includes a disposal of an interest in them,
- (d) the reference to the acquisition of the new assets includes the acquisition of an interest in them or entering into an unconditional contract for their acquisition.
##### 167A
- (1) This section applies where the disposal in relation to which a claim could be made under section 165 is a disposal of an asset within section 1A(3)(b) or (c) 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 direct or indirect disposal of UK land which meets the non-residence condition (whether or not that is the case), that gain would be a relevant gain (see subsections (6) and (7)).
- (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 direct or indirect disposal of UK land which meets the non-residence condition—
- (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 “relevant gain”,
- (b) section 165(6) has effect in relation to the disposal as if the references to “chargeable gain” were references to “relevant 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 relevant 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 asset within section 1A(3)(b) or (c) 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 a relevant gain.
- (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) For the purposes of this section, a disposal is a “direct or indirect disposal of UK land which meets the non-residence condition” if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, or
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c).
- (7) For the purposes of this section, a “*relevant gain*” means so much of any chargeable gain accruing on a disposal as falls to be dealt with as mentioned in subsection (6)(a) or (b).
##### 168A
- (1) This section applies if—
- (a) an interest in UK land is deemed to have been disposed of under section 168(1) by a transferee at any time, and
- (b) the transferee makes an election under this subsection.
- (2) The held-over gain (within the meaning of section 165 or 260) that, but for this subsection, would have accrued to the transferee at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the transferee of the whole or part of the interest in UK land, the whole or a corresponding part of the held-over gain is treated as accruing on the subsequent disposal.
- (4) This gain is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 169LA
- (1) Subject to subsection (1A), 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”), and
- (b) immediately after the disposal, P meets any of the personal company conditions in the case of C or any company which is a member of a group of companies of which C is a member.
- (1ZA) For the purposes of subsection (1)(b)—
- (a) the reference to the personal company conditions is a reference to any of the conditions in 169S(3)(a), (b), (c)(i) or (ii), and
- (b) P is taken to have all the rights and interests of any relevant connected person.
- (1ZB) For the purposes of subsection (1ZA)—
- (a) section 169S(3) is treated as having effect with the omission of the references to “by virtue of that holding”,
- (b) section 169S(3A)(a) and (b) are to apply for the purposes of section 169S(3)(c)(ii) but as if the reference to the final day of the period mentioned in section 169S(3A)(a) were to the time immediately after the disposal, and
- (c) the condition in section 169S(3)(c)(i) is to be read as containing two separate conditions (one relating to profits and the other relating to assets).
- (1A) Where—
- (a) subsection (1)(b) applies by virtue of P's ownership, or any relevant connected person's ownership, of C's ordinary share capital, and
- (b) the conditions mentioned in subsection (1B) are met,
subsection (4) does not apply.
- (1B) The conditions referred to in subsection (1A)(b) are—
- (a) P and any relevant connected person dispose of C's ordinary share capital to another company (“A”) such that, immediately before the end of the relevant period, neither P nor any relevant connected person own any of C's ordinary share capital, and
- (b) where A is a close company, immediately before the end of the relevant period—
- (i) P and any relevant connected person together own less than 5% of the ordinary share capital of A or of any company which is a member of a group of companies of which A is a member, and
- (ii) P and any relevant connected person together hold less than 5% of the voting rights in A or in any company which is a member of a group of companies of which A is a member.
- (1C) In subsection (1B) “*the relevant period*” means the period of 28 days beginning with the date of the qualifying business disposal, or such longer period as the Commissioners for Her Majesty's Revenue and Customs may by notice allow.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (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 ... .
- (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, ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*group*” is to be construed in accordance with section 170;
- “*relevant connected person*” means— a company connected with P, andtrustees connected with P.
### 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 an interest in UK land is deemed to have been disposed of under section 185(2) by a company at any time.
- (2) The gain or loss that, but for this subsection, would have accrued to the company at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the company of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) A company may elect for a disposal deemed to have been made under section 185(2) to be excluded from the operation of this section.
- (6) The election must be made within 2 years after the day on which the deemed disposal occurs.
- (7) In this section “*interest in UK land*” has the meaning given by section 1C.
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##### 188A
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##### 188B
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##### 188C
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##### 188D
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##### 188E
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##### 188F
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##### 188G
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##### 188H
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##### 188I
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##### 188J
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##### 188K
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##### 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—
- (i) a disposal on which a residential property gain (as defined by Schedule 1B) accrues which is chargeable to capital gains tax because of section 1A(3)(b), or
- (ii) a disposal on which a loss accrues but is one which, had a gain accrued, would be within sub-paragraph (i).
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 return under Schedule 2 to the Finance Act 2019 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 a return under Schedule 2 to the Finance Act 2019 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 disposal falling within section 222A(1)(b) (non-resident disposals), 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 271ZA(2) (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 return under Schedule 2 to the Finance Act 2019 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.
#### Company that receives mixed consideration: N exceeds C
#### Company that gives mixed consideration
#### Disposals of interests in oil fields etc: ring fence provisions.
#### Chargeable event when replacement property owned.
##### 261ZA
- (1) This section applies where the disposal in relation to which a claim could be made under section 260 is a disposal of an asset within section 1A(3)(b) or (c) 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 direct or indirect disposal of UK land which meets the non-residence condition (whether or not that is the case), that gain would be a relevant gain (see subsections (6) and (7)).
- (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 direct or indirect disposal of UK land which meets the non-residence condition—
- (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 “relevant 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 relevant 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 asset within section 1A(3)(b) or (c) 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 relevant gain accruing on a direct or indirect disposal of UK land which meets the non-residence condition.
- (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 direct or indirect disposal of UK land which meets the non-residence condition, the relevant gain) accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) For the purposes of this section, a disposal is a “direct or indirect disposal of UK land which meets the non-residence condition” if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, or
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c).
- (7) For the purposes of this section, a “*relevant gain*” means so much of any chargeable gain accruing on a disposal as falls to be dealt with as mentioned in subsection (6)(a) or (b).
#### Chargeable events when bonds owned.
#### Treating trade loss etc as CGT loss
#### Consideration payable by instalments.
#### Effect of election under section 279A
## SCHEDULE B1
### Meaning of “disposal of a UK residential property interest”
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### “Interest in UK land”
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Grants of options
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “dwelling”
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Power to modify meaning of “use as a dwelling”
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Damage to a dwelling
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Demolition of a building
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposal of a building that has undergone works
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Retrospective planning permission or development consent
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE C1
## PART 1 — Meaning of “closely-held company”
### Introduction
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Main definition
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “control”
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 2 — Unit trust schemes and OEICs: widely-marketed schemes
### Introduction
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Widely-marketed schemes
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for certain disposals to which both this Schedule and Schedule 4ZZB relate
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Wasting assets
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Capital allowances
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 4ZZB
## PART 1 — Introduction
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 2 — Elections for alternative methods of computation
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 3 — Main computation rules
### Disposals to which this Part applies
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Introduction to paragraphs 6 to 8
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Assets held at 5 April 2015: default method
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Modified application of paragraphs 5 to 7 where election made for straight-line time apportionment
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where asset acquired after 5 April 2015 or election made under paragraph 2(1)(b)
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 4 — Cases involving relevant high value disposals
### Overview
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposal involving one or more relevant high value disposals
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Assets held at 5 April 2015 (where no election made and no rebasing in 2016 required)
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Asset acquired after 5 April 2015 or election made under paragraph 2(1)(b) (but no rebasing in 2016 required)
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Certain disposals after 5 April 2016 (computation involving additional rebasing in 2016)
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Amount of gain or loss that is neither ATED-related nor an NRCGT gain or loss
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Where relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 5 — Special rules for companies
##### 22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Indexation
##### 23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 6 — Miscellaneous provisions
### Wasting assets
##### 24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Capital allowances
##### 25
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 7 — Interpretation
##### 26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Information.
#### De-registration of registered pension schemes
#### Exemption for employee shareholder shares
#### Small part disposals.
#### Location of certain intangible assets
#### Application of section 255B(2) where SI relief has been reduced
#### Reorganisations involving shares to which SI relief is attributable
### Chapter 5 — Carried interest
##### 103KA
- (1) This section applies where—
- (a) an individual (“A”) performs investment management services directly or indirectly in respect of an investment scheme under arrangements involving at least one partnership, and
- (b) carried interest arises to A under the arrangements.
- (2) If the carried interest arises to A in connection with the disposal of one or more assets of the partnership or partnerships—
- (a) a chargeable gain equal to the amount of the carried interest less any permitted deductions (and no other chargeable gain or loss) is to be treated as accruing to A on the disposal, and
- (b) the chargeable gain is to be treated as accruing to A at the time the carried interest arises.
- (3) If the carried interest arises to A in circumstances other than those specified in subsection (2), a chargeable gain of an amount equal to the amount of the carried interest less any permitted deductions is to be treated as accruing to A at the time the carried interest arises.
- (4) Subsections (2) and (3) do not apply in relation to carried interest to the extent that—
- (a) it is brought into account in calculating the profits of a trade of A for the purposes of income tax for any tax year, or
- (b) it constitutes a co-investment repayment or return.
- (5) For the purpose of subsections (2) and (3) “*permitted deductions*” in relation to A means such parts of the amounts specified in subsection (6) as is just and reasonable.
- (6) The amounts referred to in subsection (5) are—
- (a) the amount of any consideration in money given to the scheme by or on behalf of A wholly and exclusively for entering into the arrangements referred to in subsection (1)(a) (but not consideration in respect of co-investments),
- (b) any amount that constituted earnings of A under Chapter 1 of Part 3 of ITEPA 2003 (earnings) in respect of A's entering into those arrangements (but not any earnings in respect of co-investments or any amount of exempt income within the meaning of section 8 of that Act), and
- (c) any amount which, by reason of events occurring no later than the time the carried interest arises, counts as income of A under the enactments referred to in section 119A(3) in respect of A's participation in the arrangements referred to in subsection (1)(a) (but not an amount counting as income of A in respect of co-investments); and section 119A(5) applies for the purposes of this paragraph as it applies for the purposes of section 119A(4).
For the purposes of this Act no other deduction may be made from the amount of the carried interest referred to in subsection (2) or (3).
- (7) Where the carried interest arises to A by virtue of his or her acquisition of a right to it from another person for consideration given in money by or on behalf of A, the amount of the chargeable gain accruing to A under subsection (2) or (3) is, on the making of a claim by A under this subsection, to be regarded as reduced by the amount of the consideration.
- (8) In this section—
- “*co-investment*”, in relation to A, means an investment made directly or indirectly by A in the scheme, where there is no return on the investment which is not an arm's length return within the meaning of section 809EZB(2) of ITA 2007;
- “*co-investment repayment or return*” means a repayment in whole or in part of, or a return on, a co-investment;
- “*trade*” includes profession or vocation.
##### 103KB
- (1) For the purposes of section 103KA, consideration received or receivable by an individual for the disposal, variation, loss or cancellation of a right to carried interest is to be treated as carried interest arising to that individual at the time of the disposal, variation, loss or cancellation.
- (2) But subsection (1) does not apply if and to the extent that the consideration is a disguised fee arising to the individual for the purposes of section 809EZA of ITA 2007.
##### 103KC
In a case where section 103KA applies, a chargeable gain accruing or treated as accruing to an individual in respect of carried interest is a chargeable gain accruing on the disposal of an asset situated outside the United Kingdom only to the extent that the individual performs the services referred to in section 103KA(1)(a) outside the United Kingdom.
##### 103KD
In determining whether section 103KA applies in relation to an individual, no regard is to be had to any arrangements the main purpose, or one of the main purposes, of which is to secure that that section does not to any extent apply in relation to—
- (a) the individual, or
- (b) the individual and one or more other individuals.
##### 103KE
- (1) This section applies where—
- (a) capital gains tax is charged on an individual by virtue of section 103KA in respect of any carried interest, and
- (b) Condition A or Condition B is met.
- (2) Condition A is that—
- (a) at any time, tax (whether income tax or another tax) charged on the individual in relation to the carried interest has been paid by the individual (and has not been repaid), and
- (b) the amount on which tax is charged as specified in subsection (1)(a) is not a permissible deduction under section 103KA(6)(b) or (c).
- (3) Condition B is that at any time tax (whether income tax or another tax) charged on another person in relation to the carried interest has been paid by that other person (and has not been repaid).
- (4) In order to avoid a double charge to tax, the individual may make a claim for one or more consequential adjustments to be made in respect of the capital gains tax charged as mentioned in subsection (1)(a).
- (5) On a claim under this section an officer of Revenue and Customs must make such of the consequential adjustments claimed (if any) as are just and reasonable.
- (6) The value of any consequential adjustments made must not exceed the lesser of—
- (a) the capital gains tax charged as mentioned in subsection (1)(a), and
- (b) the tax charged as mentioned in subsection (2)(a) or (3).
- (7) Consequential adjustments may be made—
- (a) in respect of any period,
- (b) by way of an assessment, the modification of an assessment, the amendment of a claim, or otherwise, and
- (c) despite any time limit imposed by or under an enactment.
- (8) Where—
- (a) an individual makes a claim under this section in respect of a year of assessment, and
- (b) apart from this subsection, an amount falls to be deducted under section 1(3)(b) from the total amount of chargeable gains accruing to the individual in that year,
the individual may elect that the amount to be so deducted be reduced by any amount not exceeding the amount on which tax is charged as specified in subsection (2)(a) or (3).
##### 103KF
- (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.
- (a) a chargeable gain accrues to an external investor in an investment scheme on the disposal of one or more partnership assets, and
- (b) the external investor makes a claim for relief under this section,
then subsection (2) applies in relation to the disposal.
- (2) The amount of the chargeable gain is to be reduced by an amount equal to—
$$I − C$where—I is an amount equal to such part of the sum invested in the fund by the external investor which on a just and reasonable basis is referable to the asset or assets disposed of, andC is the amount deducted under section 38(1)(a) in respect of consideration given wholly and exclusively for the acquisition of the asset or assets.$
##### 103KG
- (1) For the purposes of this Chapter, carried interest “arises” to an individual (“A”) if, and only if, it arises to him or her for the purposes of Chapter 5E of Part 13 of ITA 2007.
- (2) But section 809EZDB of ITA 2007 (sums arising to connected company or unconnected person) does not apply in relation to a sum of carried interest arising to—
- (a) a company connected with A, or
- (b) a person not connected with A,
where the sum is deferred carried interest in relation to A.
- (3) In this section, “*deferred carried interest*”, in relation to A—
- (a) means a sum of carried interest where the provision of the sum to A or a person connected with A is deferred (whether pending the meeting of any conditions (including conditions which may never be met) or otherwise), and
- (b) includes A's share (as determined on a just and reasonable basis) of any carried interest the provision of which to A and one or more other persons, taken together, has been deferred (whether pending the meeting of any conditions (including conditions which may never be met) or otherwise).
In this subsection, in a case where the sum referred to in subsection (2) arises to a company connected with A, the reference to a person connected with A does not include that company.
- (4) Where—
- (a) section 809EZDB of ITA 2007 has been disapplied in relation to a sum of deferred carried interest by virtue of subsection (2),
- (b) the sum ceases to be deferred carried interest in relation to A, and
- (c) the sum does not in any event arise to A apart from this subsection,
the sum is to be regarded as arising to A at the time it ceases to be deferred carried interest.
- (5) But subsection (4) does not apply if—
- (a) none of the enjoyment conditions is met in relation to the sum when it ceases to be deferred carried interest, and
- (b) there is no reasonable likelihood that any of those conditions will ever be met in relation to the sum.
- (6) The enjoyment conditions are—
- (a) the sum, or part of the sum, is in fact so dealt with by any person as to be calculated at some time to enure for the benefit of A or a person connected with A;
- (b) the sum's ceasing to be deferred carried interest in relation to A operates to increase the value to A or a person connected with A of any assets which—
- (i) A or the connected person holds, or
- (ii) are held for the benefit of A or the connected person;
- (c) A or a person connected with A receives or is entitled to receive at any time any benefit provided or to be provided out of the sum or part of the sum;
- (d) A or a person connected with A may become entitled to the beneficial enjoyment of the sum or part of the sum if one or more powers are exercised or successively exercised (and for these purposes it does not matter who may exercise the powers or whether they are exercisable with or without the consent of another person);
- (e) A or a person connected with A is able in any manner to control directly or indirectly the application of the sum or part of the sum.
In this subsection, in a case where the sum referred to in subsection (2) arises to a company connected with A, references to a person connected with A do not include that company.
- (7) In determining whether any of the enjoyment conditions is met in relation to a sum or part of a sum—
- (a) regard must be had to the substantial result and effect of all the relevant circumstances, and
- (b) all benefits which may at any time accrue to a person as a result of the sum ceasing to be deferred carried interest in relation to A must be taken into account, irrespective of—
- (i) the nature or form of the benefits, or
- (ii) whether the person has legal or equitable rights in respect of the benefits.
- (8) The enjoyment condition in subsection (6)(b), (c) or (d) is to be treated as not met if it would be met only by reason of A holding shares or an interest in shares in a company.
- (9) The enjoyment condition in subsection (6)(a) or (e) is to be treated as not met if the sum referred to in subsection (2) arises to a company connected with A and—
- (a) the company is liable to pay corporation tax in respect of its profits and the sum is included in the computation of those profits, or
- (b) paragraph (a) does not apply but—
- (i) the company is a CFC and the exemption in Chapter 14 of Part 9A of TIOPA 2010 applies for the accounting period in which the sum arises, or
- (ii) the company is not a CFC but, if it were, that exemption would apply for that period.
In this subsection “*CFC*” has the same meaning as in Part 9A of TIOPA 2010.
- (10) But subsections (8) and (9) do not apply if the sum referred to in subsection (2) arises to the company referred to in subsection (2)(a) or the person referred to in subsection (2)(b) as part of arrangements where—
- (a) it is reasonable to assume that in the absence of the arrangements the sum or part of the sum would have arisen to A or an individual connected with A, and
- (b) it is reasonable to assume that the arrangements have as their main purpose, or one of their main purposes, the avoidance of a liability to pay income tax, capital gains tax, inheritance tax or corporation tax.
- (11) The condition in subsection (10)(b) is to be regarded as met in a case where the sum is applied directly or indirectly as an investment in a collective investment scheme.
- (12) Subsection (2) does not apply in relation to any sum in relation to which the condition in subsection (8)(b) of section 809EZDB is met by virtue of subsection (9) of that section.
- (13) Subsection (2) also does not apply if—
- (a) it is reasonable to assume that the deferral referred to in subsection (3)(a) or (b) is not the effect of genuine commercial arrangements, or
- (b) that deferral is the effect of such arrangements but it is reasonable to assume that the arrangements have as their main purpose, or one of their main purposes, the avoidance of a liability to pay income tax, capital gains tax, corporation tax or inheritance tax.
- (14) In subsection (13), “*genuine commercial arrangements*” means arrangements involving A (alone or jointly with others performing investment management services) and external investors in the investment scheme.
- (15) Section 993 of ITA 2007 (meaning of “connected”) applies for the purposes of this section but as if—
- (a) subsection (4) of that section were omitted, and
- (b) partners in a partnership in which A is also a partner were not “associates” of A for the purposes of sections 450 and 451 of CTA 2010 (“control”).
##### 103KH
- (1) In this Chapter—
- “*arrangements*” has the same meaning as in Chapter 5E of Part 13 of ITA 2007 (see section 809EZE of that Act);
- “*carried interest*”, in relation to arrangements referred to in section 103KA(1)(a), has the same meaning as in section 809EZB of ITA 2007 (see sections 809EZC and 809EZD of that Act);
- “*investment scheme*”, “*investment management services*” and “*external investor*” have the same meanings as in Chapter 5E of Part 13 of ITA 2007 (see sections 809EZA(6) and 809EZE of that Act).
#### Restrictions on buying losses: tax avoidance schemes
#### Disposals by housing related bodies.
#### Amount of relief.
#### Charities.
#### Gains and losses on investments in social enterprises
#### Application of section 255B(2) where SI relief has been reduced
#### Reorganisations involving shares to which SI relief is attributable
##### 4BA
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##### 4BB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter 7 — Computation of gains and losses: disposals of residential property interests
##### 57C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 169SA
Schedule 7ZA gives the meaning in this Chapter of “trading company” and “trading group”.
### Chapter 5 — Investors' relief
### Overview
##### 169VA
- (1) This Chapter provides for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of (and disposals of interests in) certain ordinary shares in unlisted companies.
- (2) Section 169VB defines “qualifying shares”, “potentially qualifying shares” and “excluded shares”.
- (3) Section 169VC creates the relief, and relief under that section is to be known as “investors' relief”.
- (4) Section 169VD makes provision about disposals from holdings consisting partly of qualifying shares.
- (5) Sections 169VE to 169VG contain rules for cases where there have been previous disposals from a holding, to determine which shares remain in the holding.
- (6) Sections 169VH and 169VI make provision about disposals by trustees of a settlement.
- (7) Section 169VJ makes provision about disposals of interests in shares.
- (8) Sections 169VK and 169VL provide for a cap on the amount of investors' relief that can be claimed.
- (9) Section 169VM makes provision about claims for investors' relief.
- (10) Sections 169VN to 169VT make provision about how investors' relief applies following a company's reorganisation of its share capital, an exchange of shares or securities or a scheme of reconstruction.
- (11) Sections 169VU to 169VY contain definitions for the purposes of this Chapter.
### Qualifying shares
##### 169VB
- (1) Where there is a disposal of all or part of (or of an interest in) a holding of shares in a company, this section applies to determine whether a share which is in the holding at the time immediately before the disposal (“*the relevant time*”) is for the purposes of this Chapter—
- (a) a qualifying share,
- (b) a potentially qualifying share, or
- (c) an excluded share.
- (2) The share is a “qualifying share” at the relevant time if—
- (a) the share was subscribed for, within the meaning given by section 169VU, by the person making the disposal (“the investor”),
- (b) the investor has held the share continuously for the period beginning with the issue of the share and ending with the relevant time (“the share-holding period”),
- (c) the share was issued on or after 17 March 2016,
- (d) at the time the share was issued, none of the shares or securities of the company that issued it were listed on a recognised stock exchange,
- (e) the share was an ordinary share when issued and is an ordinary share at the relevant time,
- (f) the company that issued the share—
- (i) was a trading company or the holding company of a trading group (as defined by section 169VV) when the share was issued, and
- (ii) has been so throughout the share-holding period,
- (g) at no time in the share-holding period was the investor or a person connected with the investor a relevant employee in respect of that company (within the meaning given by section 169VW), and
- (h) the period beginning with the date the share was issued and ending with the date of the disposal is at least 3 years.
- (3) The share is a “potentially qualifying share” at the relevant time if—
- (a) the conditions in subsection (2)(a) to (g) are met, but
- (b) the period beginning with the date the share was issued and ending with the date of the disposal is less than 3 years.
- (4) The share is an “excluded share” at the relevant time if it is, at that time—
- (a) not a qualifying share, and
- (b) not a potentially qualifying share.
- (5) This section is subject to Schedule 7ZB (disqualification of share where value received by investor).
- (6) In relation to a share issued on or after 17 March 2016 but before 6 April 2016, any reference in subsection (2)(h) or (3) to “3 years” is to be read as a reference to the minimum period.
- (7) In subsection (6) “*the minimum period*” means the period of 3 years extended by a period equal in length to the period beginning with the date the share was issued and ending with 5 April 2016.
### The relief
##### 169VC
- (1) This section applies where—
- (a) a qualifying person disposes of a holding, or part of a holding, of shares in a company, and
- (b) immediately before that disposal some or all of the shares in the holding are qualifying shares.
- (2) If—
- (a) a chargeable gain accrues to the qualifying person on the disposal, and
- (b) a claim for relief under this section is made,
the rate of capital gains tax in respect of the relevant gain is 10 per cent.
- (3) In subsection (2) “*the relevant gain*” means—
- (a) where immediately before the disposal all the shares in the holding are qualifying shares, the chargeable gain on the disposal;
- (b) where at that time only some of the shares in the holding are qualifying shares, the appropriate part of that chargeable gain (defined by section 169VD).
- (4) In this section—
- (a) subsection (1) is subject to section 169VH (disposals by trustees of a settlement: further conditions for relief), and
- (b) subsection (2) is subject to—
- section 169VI (reduction of relief for certain disposals by trustees of a settlement), and
- sections 169VK and 169VL (cap on investors' relief).
- (5) A reference in subsection (3) to the chargeable gain on the disposal, or to the appropriate part of that gain, is a reference to that chargeable gain, or (as the case may be) that part, after any deduction of allowable losses which is made in accordance with this Act from that chargeable gain or from that part.
- (6) For the application of this section to disposals of interests in shares, see section 169VJ.
- (7) In this Chapter a “*qualifying person*” means—
- (a) an individual, or
- (b) the trustees of a settlement.
##### 169VD
- (1) This section applies where—
- (a) a disposal (“the disposal concerned”) is made as mentioned in section 169VC(1), and
- (b) at the time immediately before the disposal, only some of the shares in the holding are qualifying shares.
- (2) Where this section applies, for the purposes of section 169VC(3) “the appropriate part” of the chargeable gain on the disposal is so much of that chargeable gain as is found by multiplying it by the appropriate fraction.
- (3) The appropriate fraction is—
$$Q T$where—Q is the number of qualifying shares found under subsection (4), andT is the total number of shares disposed of in the disposal concerned.$
- (4) The number of qualifying shares found under this subsection is—
- (a) all the qualifying shares in the holding at the time immediately before the disposal concerned, or
- (b) if less, such number of those qualifying shares as equals the number of shares disposed of in that disposal.
##### 169VE
- (1) This section applies where—
- (a) a particular disposal is made as mentioned in section 169VC(1)(a) (“the current disposal”),
- (b) there have been one or more previous disposals of shares from the holding mentioned in section 169VC(1) before the current disposal, and
- (c) it is necessary to determine for the purposes of this Chapter which shares are to be treated as in the holding immediately before the current disposal (and, accordingly, which shares are to be treated as having been disposed of in those previous disposals).
- (2) In the case of a previous disposal as regards which investors' relief has been claimed or is being claimed, the shares to be treated as disposed of in that previous disposal are to be determined in accordance with the rules in section 169VF.
- (3) In the case of a previous disposal not falling within subsection (2), the shares to be treated as disposed of in that previous disposal are to be determined in accordance with the rules in section 169VG.
##### 169VF
- (1) The rules referred to in section 169VE(2) are as follows; and in this section “*the disposal concerned*” means the previous disposal mentioned in section 169VE(2).
- (2) There are to be treated as having been disposed of in the disposal concerned—
- (a) all the qualifying shares in the holding at the time immediately before that disposal (“*the material time*”), or
- (b) if less, such number of those qualifying shares as equals the number of shares disposed of in that disposal.
- (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) the number of qualifying shares in the holding at the material time was less than the total number of shares disposed of, and
- (b) excluded shares were in the holding at the material time,
the available excluded shares are also to be treated as having been disposed of.
- (4) “*The available excluded shares*” means—
- (a) all the excluded shares in the holding at the material time, or
- (b) if less, such number of those excluded shares as is equal to the difference between—
- (i) the total number of shares disposed of, and
- (ii) the number of qualifying shares in the holding at the material time.
- (5) If the number of shares treated under subsections (2) to (4) as disposed of in the disposal concerned is less than the total number of shares disposed of, such number of the potentially qualifying shares in the holding at the material time as is equal to the difference are also to be treated as having been disposed of.
- (6) Where the number of potentially qualifying shares in the holding at the material time exceeds the difference mentioned in subsection (5), under that subsection potentially qualifying shares acquired later are to be treated as disposed of in preference to ones acquired earlier.
- (7) In this section “disposed of” (without more) means disposed of in the disposal concerned.
##### 169VG
- (1) The rules referred to in section 169VE(3) are as follows; and in this section “*the disposal concerned*” means the previous disposal mentioned in section 169VE(3).
- (2) If any excluded shares were in the holding at the time immediately before the disposal concerned (“*the material time*”), the maximum number of excluded shares are to be treated as having been disposed of in the disposal concerned.
- (3) “*The maximum number of excluded shares*” means—
- (a) all the excluded shares in the holding at the material time, or
- (b) if less, such number of those excluded shares as is equal to the number of shares disposed of.
- (4) If—
- (a) there were no excluded shares in the holding at the material time, or the number of such shares was less than the total number of shares disposed of, and
- (b) potentially qualifying shares were in the holding at the material time,
the available potentially qualifying shares are to be treated as having been disposed of.
- (5) “*The available potentially qualifying shares*” means—
- (a) all the potentially qualifying shares in the holding at the material time, or
- (b) if less, such number of those potentially qualifying shares as is equal to the difference between—
- (i) the total number of shares disposed of, and
- (ii) the number of excluded shares in the holding at the material time.
- (6) Where the number of potentially qualifying shares in the holding at the material time exceeds the difference mentioned in subsection (5), potentially qualifying shares acquired later are to be treated as disposed of in preference to ones acquired earlier.
- (7) If the number of shares treated under subsections (2) to (5) as disposed of in the disposal concerned is less than the total number of shares disposed of, such number of the qualifying shares in the holding at the material time as is equal to the difference are to be treated as having been disposed of.
- (8) In this section “disposed of” (without more) means disposed of in the disposal concerned.
### Trustees of a settlement: special provision
##### 169VH
- (1) Where a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement, section 169VC does not apply to the disposal unless there is at least one individual who is an eligible beneficiary in respect of the disposal.
- (2) For the purposes of this section, an individual is an “eligible beneficiary” in respect of the disposal if—
- (a) at the time immediately before the disposal, the individual has under the settlement an interest in possession in settled property that includes or consists of the holding of shares mentioned in section 169VC(1),
- (b) the individual has had such an interest in possession under the settlement throughout the period of 3 years ending with the date of the disposal,
- (c) at no time in that period has the individual been a relevant employee in respect of the company that issued the shares (within the meaning given by section 169VW), and
- (d) the individual has (by the time of the claim under section 169VC in respect of the disposal) elected to be treated as an eligible beneficiary in respect of the disposal.
- (3) For the purposes of subsection (2)(d), an individual elects to be treated as an eligible beneficiary in respect of a disposal if the individual tells the trustees (by whatever means) that he or she wishes to be so treated; and an election under subsection (2)(d) may be withdrawn by the individual at any time until the claim is made.
- (4) In this section “*interest in possession*” does not include an interest in possession for a fixed term.
- (5) In relation to a disposal made by the trustees of a settlement, any reference in section 169VB(2)(g) to the investor is to be read as a reference to any trustee of the settlement.
##### 169VI
- (1) Subsection (2) applies where—
- (a) a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement,
- (b) section 169VC applies to the disposal by reason of there being at least one individual who is an eligible beneficiary in respect of the disposal (see section 169VH), and
- (c) at the time immediately before the disposal, there are two or more persons each of whom has under the settlement an interest in possession in the settled property.
- (2) In such a case the reference in section 169VC(2) to the relevant gain is to be read as a reference—
- (a) to the eligible beneficiary's share of the relevant gain (see subsections (3) to (6)), or
- (b) if there is more than one individual who is an eligible beneficiary in respect of the disposal, to so much of the relevant gain as is equal to the aggregate of the eligible beneficiaries' shares of that gain.
- (3) In this section—
- “*eligible beneficiary*” has the meaning given by section 169VH(2);
- “*relevant gain*” has the meaning given by section 169VC(3);
- “*the settled property*” means settled property that includes or consists of the holding of shares mentioned in section 169VC(1).
- (4) Subsection (5) applies to determine for the purposes of this Chapter, in relation to any individual who is an eligible beneficiary in respect of a disposal within section 169VC(1) made by the trustees of a settlement, that individual's share of the relevant gain.
- (5) That individual's share of the relevant gain on the disposal is so much of the relevant gain on the disposal as bears to the whole of that gain the same proportion as X bears to Y, where—
- X is the interest in possession (other than for a fixed term) which, at the time immediately before the disposal, that individual has under the settlement in the income from the holding of shares mentioned in section 169VC(1), and
- Y is all the interests in that income that persons (including that individual) with interests in possession in that holding have under the settlement at that time.
### Disposals of interests in shares
##### 169VJ
- (1) In section 169VC(1)(a), the reference to the case where a qualifying person disposes of a holding, or part of a holding, of shares in a company includes the case where a qualifying person disposes of an interest in a relevant holding.
- (2) In this section a “*relevant holding*” means either—
- (a) a number of shares in a company which are of the same class and were acquired in the same capacity jointly by the same two or more persons including the qualifying person, or
- (b) a number of shares in a company which are of the same class and were acquired in the same capacity by the qualifying person solely.
- (3) In this section—
- (a) “an interest” in a relevant holding means any interests of the qualifying person, in any of the shares in the relevant holding, which are by virtue of section 104 to be regarded as a single asset, and
- (b) references to an interest include part of an interest.
- (4) Where section 169VC(1) applies by reason of this section, section 169VD(3) and (4) have effect as if any reference to the number of shares disposed of were a reference to the number of shares an interest in which is disposed of.
- (5) In relation to a disposal by the trustees of a settlement of an interest in a relevant holding falling within subsection (2)(a), sections 169VH(2) and 169VI(3) and (5) have effect as if any reference to the holding of shares mentioned in section 169VC(1) were to the interest disposed of.
- (6) In accordance with subsection (1)—
- (a) in sections 169VN(1)(d), 169VP(1)(d) and 169VS(1)(d) (reorganisations), any reference to a disposal of all or part of a holding includes a disposal by the qualifying person of an interest in the holding, and
- (b) the reference in section 169VT(2) to a disposal of the original shares is to be read, in relation to a case where the original shares fall within subsection (2)(a) above, as a reference to a disposal of the qualifying person's interest in those shares.
### Cap on relief
##### 169VK
- (1) This section applies if, on a disposal within section 169VC(1) made by an individual (“the individual concerned”), the aggregate of—
- (a) the amount of the relevant gain on the disposal (“the gain in question”),
- (b) the total amount of any gains that, in relation to earlier disposals by the individual concerned, were charged at the rate in section 169VC(2), and
- (c) the total amount of any reckonable trust gains that, on any previous trust disposals in respect of which the individual concerned was an eligible beneficiary, were charged at the rate in section 169VC(2),
exceeds £10 million.
- (2) The rate in section 169VC(2) applies only to so much (if any) of the gain in question as, when added to the aggregate of the total amounts mentioned in subsection (1)(b) and (c), does not exceed £10 million.
- (3) Section 1H (rates of capital gains tax) applies to so much of the gain in question as is not subject to the rate in section 169VC(2).
- (4) In this section—
- “*eligible beneficiary*”, in relation to a disposal, is to be read in accordance with section 169VH(2);
- “*reckonable trust gain*”, in relation to a trust disposal in respect of which the individual concerned was an eligible beneficiary, means—if section 169VI(1)(c) applied in relation to the disposal, that individual's share of the relevant gain on that disposal, within the meaning given by section 169VI(4) and (5);otherwise, the relevant gain on that disposal;
- “*the relevant gain*”, in relation to a disposal, has the meaning given by section 169VC(3);
- “*trust disposal*” means a disposal by the trustees of a settlement.
##### 169VL
- (1) This section applies where—
- (a) a disposal (“the disposal in question”) is made by the trustees of a settlement,
- (b) that disposal is within section 169VC(1), and
- (c) there is an excess amount in relation to an individual who is an eligible beneficiary in respect of the disposal in question (“the individual concerned”).
- (2) For the purposes of this section there is an “*excess amount*” in relation to the individual concerned if the aggregate of—
- (a) the amount of the current gain,
- (b) the total amount of any gains that, in relation to earlier disposals made by the individual concerned, were charged at the rate in section 169VC(2), and
- (c) the total amount of any reckonable trust gains that, on any previous trust disposals in respect of which the individual concerned was an eligible beneficiary, were charged at the rate in section 169VC(2),
exceeds £10 million.
- (3) The rate in section 169VC(2) applies to the current gain only to the extent (if any) that the current gain when added to the aggregate of the total amounts mentioned in subsection (2)(b) and (c) does not exceed £10 million.
- (4) Section 1H (rates of capital gains tax) applies to so much of the current gain as is not subject to the rate in section 169VC(2).
- (5) In this section—
- “*the current gain*” means the reckonable trust gain on the disposal in question;
- “*eligible beneficiary*”, in relation to a disposal, is to be read in accordance with section 169VH(2);
- “*reckonable trust gain*”, in relation to any trust disposal in respect of which the individual concerned is an eligible beneficiary, means—if section 169VI(1)(c) applies in relation to the disposal, that individual's share of the relevant gain on that disposal, within the meaning given by section 169VI(4) and (5);otherwise, the relevant gain on that disposal;
- “*the relevant gain*”, in relation to a disposal, has the meaning given by section 169VC(3);
- “*trust disposal*” means a disposal by the trustees of a settlement.
### Claims for relief
##### 169VM
- (1) Any claim for investors' relief must be made—
- (a) in the case of a disposal by an individual, by that individual;
- (b) in the case of a disposal by the trustees of a settlement, jointly by—
- (i) the trustees, and
- (ii) the eligible beneficiary in respect of the disposal, within the meaning given by section 169VH(2) (or, if more than one, all those eligible beneficiaries).
- (2) Any claim for investors' relief in respect of a disposal must be made on or before the first anniversary of the 31 January following the tax year in which the disposal is made.
### Reorganisations
##### 169VN
- (1) This section applies where—
- (a) there is a reorganisation within the meaning of section 126,
- (b) immediately before the reorganisation, a qualifying person holds ordinary shares which, in relation to that reorganisation, are original shares within the meaning of section 126,
- (c) on the reorganisation that person does not give or become liable to give any consideration for, or for any part of, a new holding, and
- (d) at a time after the reorganisation, there is a disposal of all or part of a new holding.
- (2) In this section a “*new holding*” means—
- (a) the holding that immediately after the reorganisation is (in relation to the original shares) the new holding within the meaning of section 126, or
- (b) where the new holding within the meaning of section 126 consists of two or more actual holdings, any of those actual holdings.
- (3) Subsections (4) and (5) apply for the purposes of determining (for any purpose of this Chapter) the status of shares that immediately before the disposal mentioned in subsection (1)(d) are in the new holding mentioned there (“the new holding concerned”).
- (4) Where a number of the original shares were—
- (a) subscribed for by the qualifying person,
- (b) issued on a particular date (“the relevant issue date”), and
- (c) held continuously by that person for a particular period ending immediately before the reorganisation (“the period concerned”),
the following assumption is to be made.
- (5) That assumption is that an appropriate number of the new shares were—
- (a) subscribed for by the qualifying person,
- (b) issued on the relevant issue date, and
- (c) had by the time immediately after the reorganisation already been held continuously by that person for the period concerned.
- (6) In subsections (4) and (5)—
- “*the appropriate number*” has the meaning given by section 169VO;
- “*the original shares*” means the shares held by the qualifying person immediately before the reorganisation that were original shares in relation to the reorganisation;
- “*the new shares*” means the shares that immediately after the reorganisation were in the new holding concerned (including such, if any, of the original shares as remained after the reorganisation and were in that holding).
- (7) In this section a reference to the “*status*” of a share is to whether it is qualifying, potentially qualifying or excluded.
- (8) Section 169VE applies to determine, for the purposes of this Chapter, which shares are included in a holding immediately before a reorganisation as it applies for the purposes of determining which shares are included in a holding immediately before a particular disposal.
- (9) References in this section to consideration are to be read in accordance with section 128(2).
##### 169VO
- (1) The “*appropriate number*” for the purposes of section 169VN(5) is the number found by multiplying the number of shares that are in the new holding concerned immediately after the reorganisation by the fraction—
$$A B$where—A is the number of the original shares that were—subscribed for by the qualifying person,issued on the relevant issue date, andcontinuously held by that person for the period concerned, andB is the total number of the original shares.$
- (2) In this section—
- “*the new holding concerned*” has the meaning given by section 169VN(3);
- “*the original shares*” has the meaning given by section 169VN(6);
- “*the relevant issue date*” has the meaning given by section 169VN(4);
- “*the period concerned*” has the meaning given by section 169VN(4).
##### 169VP
- (1) This section applies where—
- (a) there is a reorganisation within the meaning of section 126,
- (b) immediately before the reorganisation, a qualifying person holds ordinary shares which, in relation to that reorganisation, are original shares within the meaning of section 126,
- (c) on the reorganisation that person gives or becomes liable to give consideration for shares ( “ shares issued for consideration ”) which—
- (i) are issued to that person on the reorganisation, and
- (ii) immediately after the reorganisation are in a new holding, and
- (d) at a time after the reorganisation, there is a disposal of all or part of that new holding.
- (2) In this section a “*new holding*” means—
- (a) the holding that immediately after the reorganisation is (in relation to the original shares) the new holding within the meaning of section 126, or
- (b) where the new holding within the meaning of section 126 consists of two or more actual holdings, any of those actual holdings.
- (3) In determining, for any purpose of this Chapter, the status of shares that immediately before the disposal mentioned in subsection (1)(d) are in the new holding mentioned there—
- (a) the date of issue of the shares issued for consideration is to be taken to be their actual date of issue (rather than the date of issue of any of the original shares), and
- (b) in relation to any part of the new holding for which consideration was not given, sections 169VN(3) to (6) and 169VO apply but as if any reference to the new holding concerned were to that part of the new holding.
- (4) Section 169VN(3) to (6) and 169VO also apply in relation to any other holding which is a new holding in relation to the reorganisation and as respects which the person did not, on the reorganisation, give or become liable to give any consideration.
- (5) In this section a reference to the “*status*” of a share is to whether it is qualifying, potentially qualifying or excluded.
- (6) References in this section to consideration are to be read in accordance with section 128(2).
##### 169VQ
- (1) This section applies where section 135 applies in relation to an issue of shares in a company (“company B”) in exchange for shares in another company (“company A”).
- (2) For the purposes of sections 169VN to 169VP—
- (a) companies A and B are to be treated as if they were the same company, and
- (b) the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.
##### 169VR
- (1) This section applies where—
- (a) section 136 applies in relation to an arrangement between a company (“company A”) and the persons holding shares, or any class of shares, in company A, under which another company (“company B”) issues shares to those persons, and
- (b) under section 136(2)(a) those persons are treated as exchanging shares in company A for the shares held by them in consequence of the arrangement.
- (2) For the purposes of sections 169VN to 169VP—
- (a) companies A and B are to be treated as if they were the same company, and
- (b) the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.
- (3) In the following provisions of this Chapter, any reference to an exchange of shares includes anything that section 136(2)(a) treats as an exchange of shares.
##### 169VS
- (1) This section applies where—
- (a) an ordinary share (“the original share”) is subscribed for by a qualifying person (“the investor”);
- (b) the conditions in section 169VB(2)(c) and (d) are met in relation to the original share,
- (c) the share is involved in an exchange of shares treated under section 169VQ or 169VR as a reorganisation of share capital, and accordingly is included in the original shares within the meaning of section 169VN(6), and
- (d) subsequently there is a disposal of all or part of a holding of shares that in relation to that exchange is a new holding within the meaning given by section 169VN(2).
- (2) As respects a share which is in that holding immediately before that disposal, the conditions in section 169VB(2)(f) and (g) are to be regarded as met if (and only if)—
- (a) in relation to the period beginning with the issue of the original share and ending with the exchange of shares, those conditions were met by the original share, and
- (b) in relation to the period beginning with the exchange of shares and ending with the disposal, those conditions were met by a share representing the original share.
- (3) Accordingly—
- (a) in section 169VB(2)(f) and (g) as they apply to the original share, any reference to the share-holding period is to be read as to the period mentioned in subsection (2)(a) above, and
- (b) in section 169VB(2)(f) and (g) as they apply to a share representing the original share, any reference to the share-holding period is to be read as to the period mentioned in subsection (2)(b) above.
- (4) In subsection (1)(c) “*the share*” includes a share that, following a reorganisation or following an exchange of shares in relation to which section 169VQ or 169VR applies, represents the original share, and subsections (2) and (3) apply in such a case with the necessary modifications.
##### 169VT
- (1) This section applies where—
- (a) there is—
- (i) a reorganisation (within the meaning of section 126), or
- (ii) an exchange of shares which is treated as such a reorganisation by virtue of section 135 or 136, and
- (b) the original shares and the new holding 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 investors' relief may be made as if the reorganisation or exchange of shares involved a disposal of the original shares; and if such a claim is made section 127 and sections 169VN to 169VS do not apply.
- (3) Any election under this section must be made—
- (a) if the reorganisation or exchange of shares would (apart from section 127) involve a disposal by the trustees of a settlement, jointly by—
- (i) the trustees, and
- (ii) the person who if the disposal were made would be the eligible beneficiary in respect of the disposal, within the meaning given by section 169VH(2) (or, if more than one, all the persons who would be such eligible beneficiaries);
- (b) otherwise, by the individual concerned.
- (4) Any 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 or exchange of shares takes place.
- (5) In this section “the original shares” and “the new holding” have the meaning given by section 126.
### Supplemental
##### 169VU
- (1) For the purposes of this Chapter (other than this subsection) a person “subscribes for” a share in a company if—
- (a) that person subscribes for the share,
- (b) the share is issued to that person by the company for consideration consisting wholly of cash,
- (c) the share is fully paid up at the time it is issued,
- (d) the share is subscribed for, and issued, for genuine commercial reasons and not as part of arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage to any person, and
- (e) the share is subscribed for, and issued, by way of a bargain at arm's length.
- (2) In subsection (1) “*arrangements*” and “*tax advantage*” have the same meaning as in section 16A.
- (3) If—
- (a) an individual (“A”) subscribed for, or is treated under this subsection as having subscribed for, any shares,
- (b) A transferred the shares to another individual (“B”) during their lives, and
- (c) A was living together with B as B's spouse or civil partner at the time of the transfer,
B is to be treated for the purposes of this Chapter as having subscribed for the shares.
- (4) Accordingly, for the purposes of this Chapter any period for which A held the shares continuously is to be added to, and treated as part of, the period for which B held the shares continuously.
- (5) In this Chapter, apart from subsections (3) and (4), references to a person's having subscribed for a share include the person's having subscribed for the share jointly with any other person (and references to a person's holding a share or to a share being issued to a person are to be read accordingly).
##### 169VV
- (1) In this Chapter “*trading company*” and “*the holding company of a trading group*” have the same meaning as in section 165 (see section 165A).
- (2) For the purposes of this Chapter a company is not to be regarded as ceasing to be a trading company, or the holding company of a trading group, merely because of anything done in consequence of—
- (a) the company, or any of its subsidiaries, being in administration or receivership, or
- (b) a resolution having been passed, or an order made, for the winding up of the company or any of its subsidiaries.
- (3) But subsection (2) applies only if—
- (a) the entry into administration or receivership, or the resolution or order for winding up, and
- (b) everything done as a result of the company concerned being in administration or receivership, or as a result of that resolution or order,
is for genuine commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
##### 169VW
- (1) This section applies to determine for the purposes of—
- (a) section 169VB(2)(g), or
- (b) section 169VH(2)(c),
whether a particular person has at any time in the relevant period been a “relevant employee” in respect of the issuing company.
- (2) A person who has at any time in the relevant period been an officer or employee of—
- (a) the issuing company, or
- (b) a connected company,
is to be regarded as having at that time been a relevant employee in respect of the issuing company, but this is subject to subsections (3) and (5).
- (3) If—
- (a) a person is an unremunerated director of the issuing company or a connected company at any time in the relevant period, and
- (b) the condition in subsection (4) is met,
the fact that the person holds that directorship at that time does not make the person a relevant employee in respect of the issuing company at that time.
- (4) The condition referred to in subsection (3) is that at no time before the relevant period had the person mentioned in that subsection, or a person connected with that person, been—
- (a) connected with the issuing company, or
- (b) involved in carrying on (whether on the person's own account or as a partner, director or employee) the whole or any part of the trade, business or profession carried on by the issuing company or a company connected with that company.
- (5) If—
- (a) a person becomes an employee of the issuing company or a connected company at a time which is—
- (i) within the relevant period, but
- (ii) not within the first 180 days of that period,
- (b) at the beginning of the relevant period, there was no reasonable prospect that the person would become such an employee within the relevant period, and
- (c) the person is not at any time in the relevant period a director of the issuing company or a connected company,
that employment of the person does not make the person a relevant employee in respect of the issuing company at any time in the relevant period.
- (6) For the purposes of subsection (5) there is a “reasonable prospect” of a thing if it is more likely than not.
- (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—
- “*director*” is to be read in accordance with section 452 of CTA 2010,
- “*connected company*” means a company which at any time in the relevant period is connected with the issuing company (and it does not matter for this purpose whether that time is a time when the person in question is an officer or employee of either company);
- “*the issuing company*” means the company mentioned in (as the case may be) section 169VB(2)(g) or section 169VH(2)(c);
- “*the relevant period*” means the period mentioned in (as the case may be) section 169VB(2)(g) or section 169VH(2)(c);
- “*unremunerated director*” has the meaning given by section 169VX.
##### 169VX
- (1) For the purposes of section 169VW a person (“*the person concerned*”) is an “unremunerated director” of the issuing company or a connected company at a particular time in the relevant period if that person is a director of that company at that time and—
- (a) does not receive in the relevant period any disqualifying payment from the issuing company or a related person, and
- (b) is not entitled to receive any such payment in respect of that period or any part of it.
- (2) In this section “*disqualifying payment*” means any payment other than—
- (a) a payment or reimbursement of travelling or other expenses wholly, exclusively and necessarily incurred by the person concerned in the performance of his or her duties as a director,
- (b) any interest which represents no more than a reasonable commercial return on money lent to the issuing company or a related person,
- (c) any dividend or other distribution which does not exceed a normal return on the investment to which the dividend or distribution relates,
- (d) any payment for the supply of goods which does not exceed their market value,
- (e) any payment of rent for any property occupied by the issuing company or a related person which does not exceed a reasonable and commercial rent for the property, or
- (f) any necessary and reasonable remuneration which is—
- (i) paid for qualifying services that are provided to the issuing company or a related person in the course of a trade or profession carried on wholly or partly in the United Kingdom, and
- (ii) taken into account in calculating for tax purposes the profits of that trade or profession.
- (3) In this section a “*related person*” means—
- (a) a connected company of which the person concerned is a director, or
- (b) any person connected with the issuing company or with a company within paragraph (a).
- (4) In this section any reference to a payment to the person concerned includes a payment made to that person indirectly or to that person's order or for that person's benefit.
- (5) In this section “*qualifying services*” means services which are—
- (a) not secretarial or managerial services, and
- (b) not services of a kind provided by the person to whom they are provided.
- (6) In this section the following expressions have the same meaning as in section 169VW—
- “connected company”;
- “director”;
- “issuing company”;
- “relevant period”.
##### 169VY
In this Chapter—
- “employee” (except in the expression “relevant employee”, which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA 2003;
- “*employment*” has the meaning given by section 4 of ITEPA 2003;
- “*exchange of shares*” is to be read in accordance with section 169VR(3);
- “*excluded share*” has the meaning given by section 169VB;
- a “holding” of shares in a company means a holding of such shares which by virtue of section 104(1) is to be regarded as a single asset;
- “investors' relief” has the meaning given by section 169VA(3);
- “*office*” has the meaning given by section 5(3) of ITEPA 2003;
- “*ordinary shares*”, in relation to a company, means any shares forming part of the company's ordinary share capital (within the meaning given by section 989 of ITA 2007);
- “*potentially qualifying share*” has the meaning given by section 169VB;
- “*qualifying person*” has the meaning given by section 169VC(7);
- “*qualifying share*” has the meaning given by section 169VB;
- “*subscribe*” is to be read in accordance with section 169VU;
- “trading company” and “the holding company of a trading group” are to be read in accordance with section 169VV.
#### Disposal of know-how as part of disposal of all or part of a trade
#### Recovery of tax from donee.
#### Trade or profession carried on in partnership
#### Location of certain intangible assets
## SCHEDULE BA1
### Meaning of “disposal of a non-UK residential property interest”
##### 1
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### “Interest in non-UK land”
##### 2
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### Grants of options
##### 3
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### Meaning of “dwelling”
##### 4
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### Interpretation
##### 5
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## SCHEDULE 4ZZC
## PART 1 — Introduction and interpretation
### Introduction
##### 1
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### Interpretation
##### 2
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## PART 2 — RPI disposals not involving relevant high value disposals
### Application of Part
##### 3
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### Computation of residential property gains and losses
##### 4
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### Computation of balancing gains and loses
##### 5
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### Interest subsisting under contract for off-plan purchase
##### 6
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## PART 3 — RPI disposals involving relevant high value disposals
### Application of Part
##### 7
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### Interpretation of Part
##### 8
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### Computation of residential property gains or losses on the RPI disposal
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains or losses on relevant high value disposal not within Case 1, 2 or 3 (or where an election is made)
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains and losses on relevant high value disposal within Case 1, 2 or 3 (and no election made)
##### 11
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##### 12
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##### 13
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##### 14
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##### 15
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### Computation of balancing gains or losses on the RPI disposal
##### 16
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### Computation of balancing gains or losses on relevant high value disposal not within Case 1, 2 or 3 (or where an election is made)
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of balancing gains or losses on relevant high value disposal within Case 1, 2 or 3 (and no election made)
##### 18
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### Relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 19
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### Interest subsisting under contract for off-plan purchase
##### 20
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## SCHEDULE 7ZA
## PART 1 — Meaning of “trading company” and “trading group”
##### 1
- (1) This paragraph gives the meaning of “trading company” and “trading group” where used in the following provisions of Chapter 3 of Part 5 (entrepreneurs' relief)—
- (a) in section 169I (material disposal of business assets)—
- (i) paragraphs (a) and (b) of subsection (6) (which apply for the purposes of conditions A and B in that section), and
- (ii) sub-paragraphs (i) and (ii) of subsection (7A)(c) (which apply for the purposes of conditions C and D in that section), and
- (b) section 169J(4) (disposal of trust business assets).
- (2) “*Trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A), but as modified by Part 2 of this Schedule.
- (3) “Trading activities” (see section 165A(4) and (9)) is to be read in accordance with Part 3 of this Schedule.
##### 2
In provisions of Chapter 3 of Part 5 not mentioned in paragraph 1(1), “*trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A), except that subsections (7) and (12) of section 165A are to be disregarded.
## PART 2 — Joint venture companies
### Attribution of activities of a joint venture company
##### 3
In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities of a joint venture company are to be attributed to a company under subsections (7) and (12) of section 165A only if P—
- (a) passes the shareholding test in relation to the joint venture company (see paragraphs 5 to 8), and
- (b) passes the voting rights test in relation to the joint venture company (see paragraphs 9 to 12).
### Meaning of “investing company”
##### 4
- (1) For the purposes of this Part, a company is an “*investing company*” in relation to P and a joint venture company if it meets conditions 1 and 2.
- (2) Condition 1 is that—
- (a) the company is company A (see paragraph 3), or
- (b) P directly owns some portion of the ordinary share capital of the company.
- (3) Condition 2 is that the company owns some portion of the ordinary share capital of the joint venture company (whether it is owned directly, indirectly, or partly directly and partly indirectly).
- (4) In sub-paragraph (3) the reference to a company owning share capital indirectly is to be read in accordance with section 1155 of CTA 2010.
### Shareholding test
##### 5
P passes the shareholding test in relation to a joint venture company if, throughout the relevant period, the sum of the percentages given by paragraphs (a) and (b) is at least 5%—
- (a) the percentage of the ordinary share capital of the joint venture company that is owned directly by P, and
- (b) P's indirect shareholding percentage (see paragraph 6).
##### 6
P's “indirect shareholding percentage” is found by—
- (a) calculating the percentage of the ordinary share capital of the joint venture company that is owned indirectly by P through a particular investing company (see paragraph 7), and
- (b) where there are two or more investing companies, adding those percentages together.
##### 7
The percentage of the ordinary share capital of a joint venture company that is owned indirectly by P through a particular investing company (“company IC”) at a particular time is given by—
##### 8
- (1) The fraction of the joint venture company's ordinary share capital that is owned indirectly by company IC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company IC directly owns more than 50% of the ordinary share capital of a company, company IC is taken to own the whole of the ordinary share capital of that company;
- (b) where a company other than company IC (“company B”) directly owns more than 50% of the ordinary share capital of another company (“company C”) which is a member of a group of companies of which company IC is a member, company B is taken to own the whole of the ordinary share capital of company C.
### Voting rights test
##### 9
P passes the voting rights test in relation to a joint venture company if, throughout the relevant period, the sum of the percentages given by paragraphs (a) and (b) is at least 5%—
- (a) the percentage of the voting rights that P holds directly in the joint venture company, and
- (b) P's indirect voting rights percentage (see paragraph 10).
##### 10
P's “indirect voting rights percentage” is found by—
- (a) calculating the percentage of the voting rights in the joint venture company that P holds indirectly through a particular investing company (see paragraph 11), and
- (b) where there are two or more investing companies, adding those percentages together.
##### 11
The percentage of the voting rights in a joint venture company that P holds indirectly through a particular investing company (“company IC”) at a particular time is given by—
##### 12
- (1) The fraction of the voting rights in the joint venture company that is held indirectly by company IC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, as if references in those sections to owning the ordinary share capital of a company were references to holding voting rights in a company, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company IC directly holds more than 50% of the voting rights in a company, company IC is taken to hold all the voting rights in that company;
- (b) where a company other than company IC (“company B”) directly holds more than 50% of the voting rights in another company (“company C”) which is a member of a group of companies of which company IC is a member, company B is taken to hold all the voting rights in company C.
## PART 3 — Partnerships
### Activities of a company as a member of a partnership
##### 13
- (1) In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities carried on by a company as a member of a partnership are to be treated as not being trading activities of the company (see section 165A(4) and (9)) if P fails either or both of the following—
- (a) the profits and assets test in relation to the partnership (see paragraphs 15 to 20);
- (b) the voting rights test in relation to the partnership (see paragraphs 21 to 23).
- (2) In relation to such a disposal, activities carried on by a company as a member of a partnership are also to be treated as not being trading activities of the company if the company is not a member of the partnership throughout the relevant period.
### Meaning of “direct interest company” and “relevant corporate partner”
##### 14
- (1) This paragraph applies for the purposes of this Part.
- (2) A company is a “*direct interest company*” in relation to P if—
- (a) it is company A (see paragraph 13(1)), or
- (b) P directly owns some portion of the ordinary share capital of the company.
- (3) A company is a “*relevant corporate partner*” in relation to P and a partnership if—
- (a) a direct interest company in relation to P (“company DIC”) owns some portion of the ordinary share capital of the company (whether it is owned directly, indirectly or partly directly and partly indirectly),
- (b) the company is a member of a group of companies of which company DIC is a member, and
- (c) the company is a member of the partnership.
- (4) In sub-paragraph (3) the reference to a company owning share capital indirectly is to be read in accordance with section 1155 of CTA 2010.
### Profits and assets test
##### 15
P passes the profits and assets test in relation to a partnership if, throughout the relevant period, the sum of the percentages given by paragraphs (a), (b) and (c) is at least 5%—
- (a) the percentage which is P's direct interest in the assets of the partnership,
- (b) the percentage which is P's share of the partnership through direct interest companies that are members of the partnership (see paragraph 16), and
- (c) the percentage which is P's share of the partnership through direct interest companies and relevant corporate partners in the partnership (see paragraph 18).
##### 16
P's “share of the partnership through direct interest companies that are members of the partnership” is found by—
- (a) calculating the percentage which is P's indirect share of the partnership through each direct interest company that is a member of the partnership (see paragraph 17), and
- (b) where there are two or more direct interest companies that are members of the partnership, adding those percentages together.
##### 17
The percentage which is P's indirect share of the partnership through a particular direct interest company that is a member of the partnership (“company DICP”) at a particular time is given by—
##### 18
P's “share of the partnership through direct interest companies and relevant corporate partners in the partnership” is found by—
- (a) calculating the percentage which is P's indirect share of the partnership through each direct interest company and each relevant corporate partner in the partnership (see paragraph 19), and
- (b) where there are two or more direct interest companies or two or more relevant corporate partners, or both, adding those percentages together.
##### 19
The percentage which is P's indirect share of the partnership through a particular direct interest company (“company DIC”) and a particular relevant corporate partner in the partnership (“company CP”) at a particular time is given by—
##### 20
- (1) The fraction of a company's ordinary share capital that is owned indirectly by company DIC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company DIC directly owns more than 50% of the ordinary share capital of a company, company DIC is taken to own the whole of the ordinary share capital of that company;
- (b) where a company other than company DIC (“company B”) directly owns more than 50% of the ordinary share capital of another company (“company C”) which is a member of a group of companies of which company DIC is a member, company B is taken to own the whole of the ordinary share capital of company C.
### Voting rights test
##### 21
- (1) P passes the voting rights test in relation to a partnership if, throughout the relevant period, the sum of P's direct voting rights percentage and P's indirect voting rights percentage is at least 5%.
- (2) P's “direct voting rights percentage” is found by—
- (a) taking the percentage of the voting rights that P holds directly in each direct interest company that is a member of the partnership, and
- (b) where P directly holds voting rights in two or more direct interest companies that are members of the partnership, adding those percentages together.
- (3) P's “indirect voting rights percentage” is found by—
- (a) calculating the percentage which is P's indirect holding of voting rights in each relevant corporate partner in the partnership through each direct interest company (see paragraph 22), and
- (b) where there are two or more relevant corporate partners or two or more direct interest companies, or both, adding those percentages together.
##### 22
The percentage which is P's indirect holding of voting rights in a particular relevant corporate partner in the partnership (“company CP”) through a particular direct interest company (“company DIC”) at a particular time is given by—
##### 23
- (1) The fraction of the voting rights in a company that is held indirectly by company DIC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, as if references in those sections to owning the ordinary share capital of a company were references to holding voting rights in a company, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company DIC directly holds more than 50% of the voting rights in a company, company DIC is taken to hold all the voting rights in that company;
- (b) where a company other than company DIC (“company B”) directly holds more than 50% of the voting rights in another company (“company C”) which is a member of a group of companies of which company DIC is a member, company B is taken to hold all the voting rights in company C.
## PART 4 — Interpretation of this schedule
### Meaning of “P”
##### 24
- (1) In the case of a material disposal of business assets, “*P*” means the individual making the disposal.
- (2) In the case of a disposal of trust business assets—
- (a) “*P*” means any relevant beneficiary, but
- (b) in any reference to P passing or failing the tests mentioned in paragraphs 3 and 13(1), P is to be read as being a single body consisting of all the relevant beneficiaries (so that, for the purposes of determining if those tests are met, percentages are to be calculated in respect of each relevant beneficiary and then aggregated).
- (3) The following are “relevant beneficiaries”—
- (a) the qualifying beneficiary in relation to the disposal (see section 169J(3)), and
- (b) any other beneficiary who is, in relation to the disposal, a beneficiary mentioned in section 169O(1).
### Meaning of “relevant period”
##### 25
“*The relevant period*” means—
- (a) for the purposes of conditions A and C in section 169I, the period of 2 years ending with the date of the disposal,
- (b) for the purposes of conditions B and D in section 169I, the period of 2 years ending with the date mentioned in subsection (7)(a) or (b) or (7O)(a) or (b) of that section, and
- (c) for the purposes of section 169J(4), a period of 2 years ending not earlier than 3 years before the date of the disposal.
### Other interpretation provisions
##### 26
- (1) Terms used in this Schedule which are defined in subsection (14) of section 165A have the same meaning as they have in that subsection.
- (2) References to a person holding voting rights include references to a person who has the ability to control the exercise of voting rights by another person.
- (3) For the purposes of Part 3 of this Schedule, 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 capital profits of the partnership.
References in Part 3 to a person's interest in the assets of a partnership are to be construed accordingly.
## SCHEDULE 7ZB
### Disqualification of shares where value received in period of restriction
##### 1
- (1) Sub-paragraph (2) applies where—
- (a) shares in a company are issued to a qualifying person (“the investor”) on a particular date,
- (b) any of those shares would, apart from this Schedule, be or be treated as being qualifying shares or potentially qualifying shares at a particular time (“*the relevant time*”), and
- (c) the investor receives any value, other than insignificant value, from the company at any time in the period of restriction.
- (2) The shares in question are to be treated for the purposes of this Chapter as being excluded shares at the relevant time.
- (3) Where—
- (a) the investor receives value (“the relevant receipt”) from the company during the period of restriction,
- (b) the investor has received from the company one or more receipts of insignificant value at a time or times—
- (i) during that period, but
- (ii) not later than the time of the relevant receipt, and
- (c) the aggregate amount of the value of the receipts within paragraphs (a) and (b) is not an amount of insignificant value,
the investor is to be treated for the purposes of this Schedule as if the relevant receipt had been a receipt of an amount equal to that aggregate amount.
For this purpose a receipt does not fall within paragraph (b) in relation to the shares if it has previously been aggregated under this sub-paragraph in relation to them.
- (4) In this Schedule “*the period of restriction*” means the period—
- (a) beginning one year before the date the shares are issued, and
- (b) ending immediately before the third anniversary of the date the shares are issued.
- (5) In sub-paragraphs (3) and (4) and in the following provisions of this Schedule references to “the shares” are to the shares referred to in sub-paragraph (1)(a).
- (6) This paragraph is subject to paragraph 4.
### “Receives value”
##### 2
- (1) For the purposes of this Schedule the investor receives value from the company if the company—
- (a) repays, redeems or repurchases any of its share capital or securities which belong to the investor or makes any payment to the investor for giving up a right to any of the company's share capital or any security on its cancellation or extinguishment,
- (b) repays, in pursuance of any arrangements for or in connection with the acquisition of the shares, any debt owed to the investor other than a debt which was incurred by the company—
- (i) on or after the date of issue of the shares, and
- (ii) otherwise than in consideration of the extinguishment of a debt incurred before that date,
- (c) makes to the investor any payment for giving up the investor's right to any debt on its extinguishment,
- (d) releases or waives any liability of the investor to the company or discharges, or undertakes to discharge, any liability of the investor to a third person,
- (e) makes a loan or advance to the investor which has not been repaid in full before the issue of the shares,
- (f) provides a benefit or facility for the investor,
- (g) disposes of an asset to the investor for no consideration or for a consideration which is or the value of which is less than the market value of the asset,
- (h) acquires an asset from the investor for a consideration which is or the value of which is more than the market value of the asset, or
- (i) makes any payment to the investor other than a qualifying payment.
- (2) For the purposes of sub-paragraph (1)(e) there is to be treated as if it were a loan made by the company to the investor—
- (a) the amount of any debt (other than an ordinary trade debt) incurred by the investor to the company, and
- (b) the amount of any debt due from the investor to a third person which has been assigned to the company.
- (3) For the purposes of this paragraph the investor also receives value from the company if any person connected with the company—
- (a) purchases any of its share capital or securities which belong to the investor, or
- (b) makes any payment to the investor for giving up any right in relation to any of the company's share capital or securities.
- (4) In this paragraph “*qualifying payment*” means—
- (a) the payment by any company of such remuneration for service as an officer or employee of that company as may be reasonable in relation to the duties of that office or employment,
- (b) any payment or reimbursement by any company of travelling or other expenses wholly, exclusively and necessarily incurred by the investor to whom the payment is made in the performance of duties as an officer or employee of that company,
- (c) the payment by any company of any interest which represents no more than a reasonable commercial return on money lent to that company,
- (d) the payment by any company of any dividend or other distribution which does not exceed a normal return on any investment in shares in or other securities of that company,
- (e) any payment for the supply of goods which does not exceed their market value,
- (f) any payment for the acquisition of an asset which does not exceed its market value,
- (g) the payment by any company, as rent for any property occupied by the company, of an amount not exceeding a reasonable and commercial rent for the property,
- (h) any reasonable and necessary remuneration which—
- (i) is paid by any company for services rendered to that company in the course of a trade or profession carried on wholly or partly in the United Kingdom; and
- (ii) is taken into account in calculating for tax purposes the profits of that trade or profession, or
- (i) a payment in discharge of an ordinary trade debt.
- (5) For the purposes of this paragraph a company is to be treated as having released or waived a liability if the liability is not discharged within 12 months of the time when it ought to have been discharged.
- (6) In this paragraph—
- (a) references to a debt or liability do not, in relation to a company, include references to any debt or liability which would be discharged by the making by that company of a qualifying payment, and
- (b) references to a benefit or facility do not include references to any benefit or facility provided in circumstances such that, if a payment had been made of an amount equal to its value, that payment would be a qualifying payment.
- (7) In this paragraph and paragraph 3—
- (a) any reference to a payment or disposal to the investor includes a reference to a payment or disposal made to the investor indirectly or to the investor's order or for the investor's benefit;
- (b) any reference to the investor includes an associate of the investor;
- (c) any reference to a company includes a person who at any time in the period of restriction is connected with the company, whether or not that person is connected at the material time.
- (8) In this paragraph “*ordinary trade debt*” means any debt for goods or services supplied in the ordinary course of a trade or business where any credit given—
- (a) does not exceed six months, and
- (b) is not longer than that normally given to customers of the person carrying on the trade or business.
### Amount of value
##### 3
- (1) For the purposes of paragraph 1, the value received by the investor is—
- (a) in a case within paragraph 2(1)(a), (b) or (c), the amount received by the investor or, if greater, the market value of the share capital, securities or debt in question;
- (b) in a case within paragraph 2(1)(d), the amount of the liability;
- (c) in a case within paragraph 2(1)(e), the amount of the loan or advance reduced by the amount of any repayment made before the issue of the shares;
- (d) in a case within paragraph 2(1)(f), the cost to the company of providing the benefit or facility less any consideration given for it by the investor;
- (e) in a case within paragraph 2(1)(g) or (h), the difference between the market value of the asset and the consideration (if any) given for it;
- (f) in a case within paragraph 2(1)(i), the amount of the payment;
- (g) in a case within paragraph 2(3), the amount received by the investor or, if greater, the market value of the share capital or securities in question.
- (2) In this Schedule references to a receipt of insignificant value (however expressed) are references to a receipt of an amount of insignificant value.
This is subject to sub-paragraph (4).
- (3) For the purposes of this Schedule “*an amount of insignificant value*” means an amount of value which does not exceed £1,000.
- (4) For the purposes of this Schedule, if at any time in the period—
- (a) beginning one year before the shares are issued, and
- (b) expiring at the end of the issue date,
arrangements are in existence which provide for the investor to receive or to be entitled to receive, at any time in the period of restriction, any value from the company that issued the shares, no amount of value received by the investor is to be treated as a receipt of insignificant value.
- (5) In sub-paragraph (4)—
- (a) any reference to the investor includes a reference to any person who, at any time in the period of restriction, is an associate of the investor (whether or not that person is such an associate at the material time), and
- (b) the reference to the company includes a reference to any person who, at any time in the period of restriction, is connected with the company (whether or not that person is so connected at the material time).
### Receipt of replacement value
##### 4
- (1) Where—
- (a) by reason of a receipt of value within sub-paragraph (1) (other than paragraph (b)) or sub-paragraph (3) of paragraph 2 (“the original value”), any shares would, in the absence of this paragraph, be treated under this Schedule as excluded shares at a particular time,
- (b) at or before that time the original supplier receives value (“the replacement value”) from the original recipient by reason of a qualifying receipt, and
- (c) the amount of the replacement value is not less than the amount of the original value,
the receipt of the original value is to be disregarded for the purposes of this Schedule.
- (2) This paragraph is subject to paragraph 5.
- (3) For the purposes of this paragraph and paragraph 5—
- (a) “*the original recipient*” means the person who receives the original value, and
- (b) “*the original supplier*” means the person from whom that value was received.
- (4) A receipt of the replacement value is a qualifying receipt for the purposes of sub-paragraph (1) if it arises—
- (a) by reason of the original recipient doing one or more of the following—
- (i) making a payment to the original supplier, other than a payment which falls within paragraph (c) or to which sub-paragraph (5) applies,
- (ii) acquiring any asset from the original supplier for a consideration the amount or value of which is more than the market value of the asset,
- (iii) disposing of any asset to the original supplier for no consideration or for a consideration the amount or value of which is less than the market value of the asset,
- (b) where the receipt of the original value was within paragraph 2(1)(d), by reason of an event the effect of which is to reverse the event which constituted the receipt of the original value, or
- (c) where the receipt of the original value was within paragraph 2(3), by reason of the original recipient repurchasing the share capital or securities in question, or (as the case may be) reacquiring the right in question, for a consideration the amount or value of which is not less than the amount of the original value.
- (5) This sub-paragraph applies to—
- (a) any payment for any goods, services or facilities, provided (whether in the course of a trade or otherwise) by—
- (i) the original supplier, or
- (ii) any other person who, at any time in the period of restriction, is an associate of, or connected with, that supplier (whether or not that person is such an associate, or so connected, at the material time),
which is reasonable in relation to the market value of those goods, services or facilities,
- (b) any payment of any interest which represents no more than a reasonable commercial return on money lent to—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of the original recipient (whether or not such an associate at the material time),
- (c) any payment for the acquisition of an asset which does not exceed its market value,
- (d) any payment, as rent for any property occupied by—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of the original recipient (whether or not such an associate at the material time),
of an amount not exceeding a reasonable and commercial rent for the property,
- (e) any payment in discharge of an ordinary trade debt (within the meaning of paragraph 2(8)), and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within sub-paragraph (4)(a)(ii).
- (6) For the purposes of this paragraph, the amount of the replacement value is—
- (a) in a case within paragraph (a) of sub-paragraph (4), the aggregate of—
- (i) the amount of any payment within sub-paragraph (i) of that paragraph, and
- (ii) the difference between the market value of any asset within sub-paragraph (ii) or (iii) of that paragraph and the amount or value of the consideration (if any) received for it,
- (b) in a case within sub-paragraph (4)(b), the same as the amount of the original value, and
- (c) in a case within sub-paragraph (4)(c), the amount or value of the consideration received by the original supplier,
and paragraph 3(1) applies for the purposes of determining the amount of the original value.
- (7) In this paragraph any reference to a payment to a person (however expressed) includes a reference to a payment made to the person indirectly or to the person's order or for the person's benefit.
##### 5
- (1) The receipt of the replacement value by the original supplier is to be disregarded for the purposes of paragraph 4, as it applies in relation to the shares, to the extent to which that receipt has previously been set (under that paragraph) against any receipts of value which are, in consequence, disregarded for the purposes of paragraph 4 as that paragraph applies in relation to those shares or any other shares subscribed for by the investor.
- (2) The receipt of the replacement value by the original supplier (“the event”) is also be disregarded for the purposes of paragraph 4 if—
- (a) the event occurs before the start of the period of restriction, or
- (b) in a case where the event occurs after the time the original recipient receives the original value, it does not occur as soon after that time as is reasonably practicable in the circumstances.
But nothing in paragraph 4 or this paragraph requires the replacement value to be received after the original value.
- (3) In this paragraph “the original value” and “the replacement value” are to be construed in accordance with paragraph 4.
### Interpretation
##### 6
In this Schedule—
- “*arrangements*” includes any scheme, agreement, understanding, transaction or series of transactions (whether or not legally enforceable);
- “*associate*” has the meaning that would be given by section 448 of CTA 2010 if in that section “relative” did not include a brother or sister;
- “*period of restriction*” has the meaning given by paragraph 1(4);
- “*the shares*” has the meaning given by paragraph 1(5).
#### Hold-over relief for gains re-invested in social enterprises
#### Visiting forces and staff of designated allied headquarters
##### 97A
- (1) For the purposes of section 97(4), the value of the benefit conferred on a person (P) by a capital payment made by way of loan to P is, for each tax year in which the loan is outstanding, the amount (if any) by which—
- (a) the amount of interest that would have been payable in that year on the loan if interest had been payable on the loan at the official rate, exceeds
- (b) the amount of interest (if any) actually paid by P in that year on the loan.
- (2) In this section and section 97B the “*official rate*”, in relation to interest, means the rate applicable from time to time under section 178 of the Finance Act 1989 for the purposes of Chapter 7 of Part 3 of ITEPA 2003.
##### 97B
- (1) For the purposes of section 97(4), the value of the benefit conferred by a capital payment consisting of making movable property available, without any transfer of the property in it, to a person (P) is, for each tax year in which the benefit is conferred on P—
$$( CC × R × D Y ) − T$where—CC is the capital cost of the movable property on the date when the property is first made available to P in the tax year,D is the number of days in the tax year on which the property is made available to P (the relevant period),R is the official rate of interest for the relevant period (but see subsection (3)),T is the total of the amounts (if any) paid in the tax year by P—to the person conferring the benefit, in respect of the availability of the movable property, orso far as not within paragraph (a), in respect of the repair, insurance, maintenance or storage of the movable property, andY is the number of days in the tax year.$
- (2) In subsection (1), in the meaning of CC, the “capital cost” of movable property means an amount equal to the total of—
- (a) the amount which is the greater of—
- (i) the amount or value of the consideration given for the acquisition of the movable property by, or on behalf of, the person (A) conferring the benefit, and
- (ii) its market value at the time of that acquisition, and
- (b) the amount of any expenditure wholly and exclusively incurred by, or on behalf of, A for the purpose of enhancing the value of the movable property.
- (3) If the official rate of interest changes during the relevant period, then in subsection (1) R is the average official rate of interest for the period calculated as follows.
- *Step 1* Multiply each official rate of interest in force during the relevant period by the number of days when it is in force.
- *Step 2* Add together the products found in Step 1.
- *Step 3* Divide the total found in Step 2 by the number of days in the relevant period.
- (4) In subsections (1) and (2), “*movable property*” means any tangible movable property other than money.
##### 97C
- (1) For the purposes of section 97(4), the value of the benefit conferred by a capital payment consisting of making land available for the use of a person (P) is, for each tax year in which the benefit is conferred on P, the amount by which—
- (a) the rental value of the land for the period of the tax year during which the land is made available to P, exceeds
- (b) the total of the amounts (if any) paid in the tax year by P—
- (i) to the person conferring the benefit, in respect of the availability of the land, or
- (ii) so far as not within sub-paragraph (i), in respect of costs of repair, insurance or maintenance relating to the land.
- (2) Subsection (1) does not apply in the case where the person conferring the benefit transfers the whole of the person's interest in the land to P.
- (3) In subsection (1) “the rental value” of the land for a period means the rent which would have been payable for the period if the land had been let to P at an annual rent equal to the annual value.
- (4) For the purposes of subsection (3) “the annual value” of land is the rent that might reasonably be expected to be obtained on a letting from year to year if—
- (a) the tenant undertook to pay all taxes, rates and charges usually paid by a tenant, and
- (b) the landlord undertook to bear the costs of the repairs and insurance and the other expenses (if any) necessary for maintaining the property in a state to command that rent.
- (5) For the purposes of subsection (4) that rent—
- (a) is to be taken to be the amount that might reasonably be expected to be so obtained in respect of a letting of the land, and
- (b) is to be calculated on the basis that the only amounts that may be deducted in respect of services provided by the landlord are amounts in respect of the costs to the landlord of providing any relevant services.
- (6) In subsection (5) “*relevant service*” means a service other than the repair, insurance or maintenance of the property.
#### 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
#### Elections under section 279A
#### Recovery of tax from donee.
##### 5A
- (1) Section 86 does not apply in relation to a year (“the particular year”) if Conditions A to D are met.
- (2) Condition A is that the particular year is—
- (a) the tax year 2017-18, or
- (b) a later tax year.
- (3) Condition B is that when the settlement is created the settlor—
- (a) is not domiciled in the United Kingdom, and
- (b) if the settlement is created on or after 6 April 2017, is not deemed domiciled in the United Kingdom.
- (4) Condition C is that there is no time in the particular year when the settlor is—
- (a) domiciled in the United Kingdom, or
- (b) deemed domiciled in the United Kingdom by virtue of Condition A in section 835BA of ITA 2007.
- (5) Condition D is that no property or income is provided directly or indirectly for the purposes of the settlement by the settlor, or by the trustees of another settlement of which the settlor is the settlor or a beneficiary, at a time in the relevant period when the settlor is—
- (a) domiciled in the United Kingdom, or
- (b) deemed domiciled in the United Kingdom.
- (6) In sub-paragraph (5) “*relevant period*” means the period—
- (a) beginning with the start of 6 April 2017 or, if later, the creation of the settlement, and
- (b) ending with the end of the particular year.
- (7) For the purposes of Condition D, the addition of value to property comprised in the settlement is to be treated as the direct provision of property for the purposes of the settlement.
- (8) Paragraph 5B contains further provision for the purposes of Condition D.
- (9) In this paragraph “*deemed domiciled*” means regarded for the purposes of section 86(1)(c) as domiciled in the United Kingdom as a result of section 835BA of ITA 2007 having effect.
##### 5B
- (1) This paragraph applies for the purposes of Condition D in paragraph 5A.
- (2) Ignore—
- (a) property or income provided under a transaction, other than a loan, where the transaction is entered into on arm's length terms,
- (b) property or income provided, otherwise than under a loan, without any intention by the person providing it to confer a gratuitous benefit on any person,
- (c) the principal of a loan which is made to the trustees of the settlement on arm's length terms,
- (d) the payment of interest to the trustees of the settlement under a loan made by them on arm's length terms,
- (e) repayment to the trustees of the settlement of the principal of a loan made by them,
- (f) property or income provided in pursuance of a liability incurred by any person before 6 April 2017, and
- (g) where the settlement's expenses relating to taxation and administration for a tax year exceed its income for that year, property or income provided towards meeting that excess if the value of any such property and income is not greater than the amount of—
- (i) the excess, or
- (ii) if greater, the amount by which such expenses exceed the amount of such expenses which may be paid out of the settlement's income.
- (3) Where—
- (a) a loan is made to the trustees of the settlement by the settlor or the trustees of a settlement connected with the settlor, and
- (b) the loan is on arm's length terms, but
- (c) a relevant event occurs,
the principal of the loan is to be regarded as having been provided to the trustees at the time of that event (despite sub-paragraph (2)).
- (4) In sub-paragraph (3) “*relevant event*” means—
- (a) capitalisation of interest payable under the loan,
- (b) any other failure to pay interest in accordance with the terms of the loan, or
- (c) variation of the terms of the loan such that they cease to be arm's length terms.
- (5) Sub-paragraph (6) applies (subject to sub-paragraph (7)) where—
- (a) the settlor becomes deemed domiciled in the United Kingdom on or after 6 April 2017,
- (b) before the date on which the settlor becomes deemed domiciled in the United Kingdom ( “ the deemed domicile date ”), a loan has been made to the trustees of the settlement by—
- (i) the settlor, or
- (ii) the trustees of a settlement connected with the settlor,
- (c) the loan is not entered into on arm's length terms, and
- (d) any amount that is outstanding under the loan on the deemed domicile date (“the outstanding amount”) is payable or repayable on demand on or after that date.
- (6) Where this sub-paragraph applies, the outstanding amount is to be regarded as property directly provided on the deemed domicile date by the lender for the purposes of the settlement (despite sub-paragraph (2)).
- (7) But if the deemed domicile date is 6 April 2017, sub-paragraph (6) does not apply if—
- (a) the principal of the loan is repaid, and all interest payable under the loan is paid, before 6 April 2018, or
- (b) the loan becomes a loan on arm's length terms before 6 April 2018 and—
- (i) before that date interest is paid to the lender in respect of the period beginning with 6 April 2017 and ending with 5 April 2018 as if those arm's length terms had been terms of the loan in relation to that period, and
- (ii) interest continues to be payable from 6 April 2018 in accordance with those terms.
- (8) For the purposes of this paragraph a loan is on “arm's length terms”—
- (a) in the case of a loan made to the trustees of a settlement, only if interest at the official rate or more is payable at least annually under the loan;
- (b) in the case of a loan made by the trustees of a settlement, only if any interest payable under the loan is payable at no more than the official rate.
- (9) For the purposes of this paragraph—
- a settlement is “connected” with a person if the person is the settlor or a beneficiary of it;
- “*deemed domiciled*” has the same meaning as in paragraph 5A;
- “*official rate*”, in relation to interest, means the rate of interest applicable from time to time under section 178 of the Finance Act 1989 for the purposes of Chapter 7 of Part 3 of ITEPA 2003.
### Subsidiary exemption: qualifying institutional investors
##### 3A
- (1) This paragraph applies in relation to a gain or loss accruing to a company (“the investing company”) on a disposal of shares or an interest in shares in another company (“the company invested in”).
- (2) This paragraph applies if—
- (a) the requirement in paragraph 7 is met (substantial shareholder requirement),
- (b) the requirement in paragraph 19 is not met (requirement relating to company invested in), and
- (c) the investing company is not a disqualified listed company.
- (3) If, immediately before the disposal, 80% or more of the ordinary share capital of the investing company is owned by qualifying institutional investors, no chargeable gain or loss accrues on the disposal.
- (4) If, immediately before the disposal, at least 25% but less than 80% of the ordinary share capital of the investing company is owned by qualifying institutional investors, the amount of the chargeable gain or loss accruing on the disposal is reduced by the percentage of the ordinary share capital of the investing company which is owned by the qualifying institutional investors.
- (5) A company is a “*disqualified listed company*” for the purposes of this Part of this Schedule if—
- (a) any of the shares forming part of the ordinary share capital of the company are listed on a recognised stock exchange,
- (b) the company is not a qualifying institutional investor, and
- (c) the company is not a qualifying UK REIT
- (6) In sub-paragraph (5)(c) “*qualifying UK REIT*” means a UK REIT within the meaning of Part 12 of CTA 2010 which—
- (a) meets the condition in section 528(4)(b) of that Act (company not a close company by virtue of having an institutional investor as a participant), or
- (b) by virtue of section 443 of that Act (companies controlled by or on behalf of Crown) is not treated as a close company.
##### 3B
- (1) This paragraph applies for the purposes of paragraph 3A.
- (2) A person “owns” ordinary share capital if the person owns it—
- (a) directly,
- (b) indirectly, or
- (c) partly directly and partly indirectly.
- (3) Sections 1155 to 1157 of CTA 2010 (meaning of “indirect ownership” and calculation of amounts owned indirectly) apply for the purposes of sub-paragraph (2).
- (4) For the purposes of sections 1155 to 1157 of CTA 2010 as applied by sub-paragraph (3)—
- (a) ordinary share capital may not be owned through a disqualified listed company;
- (b) treat references to a body corporate as including an exempt unauthorised unit trust (and references to ordinary share capital, in the case of such a trust, as references to units in the trust).
- (5) A person is also to be regarded as owning ordinary share capital in a company in circumstances where a person would, under paragraphs 12 and 13 of this Schedule, be regarded as holding shares in a company.
- (6) Where the assets of a partnership include ordinary share capital of a company, each partner is to be regarded as owning a proportion of that share capital equal to the partner's proportionate interest in that ordinary share capital.
- (7) In this Schedule “*exempt unauthorised unit trust*” has the same meaning as in the Unauthorised Unit Trusts (Tax) Regulations 2013 (SI 2013/2819).
##### 8A
- (1) This paragraph applies in a case where at least 25% of the ordinary share capital of the investing company is owned by qualifying institutional investors.
- (2) The investing company also holds a “substantial shareholding” in the company invested in for the purposes of this Schedule if—
- (a) the investing company holds ordinary shares, or interests in ordinary shares, in the company invested in the cost of which on acquisition was at least £20,000,000, and
- (b) by virtue of those shares or interests or any other shares or interests in shares in the company invested in, the investing company—
- (i) is beneficially entitled to not less than a proportionate percentage of the profits available for distribution to equity holders of the company invested in, and
- (ii) would be beneficially entitled on a winding up to not less than a proportionate percentage of the assets of the company invested in available for distribution to equity holders.
- (3) In sub-paragraph (2)—
- “*cost*” means the amount or value of the consideration, in money or money's worth, given by the investing company or on its behalf wholly and exclusively for the acquisition of the ordinary shares or interests in ordinary shares, together with the incidental costs to it of the acquisition;
- “*proportionate percentage*” means a percentage equal to the percentage of the ordinary share capital held by the investing company by virtue of the ordinary shares and interests in ordinary shares referred to in sub-paragraph (2)(a).
- (4) For the purposes of sub-paragraph (2)(a) it does not matter whether there was a single acquisition or a series of acquisitions.
- (5) If—
- (a) the percentage (“the actual percentage”) of the profits or assets to which the investing company is, or would be, beneficially entitled as mentioned in sub-paragraph (2)(b)(i) or (ii) is less than the proportionate percentage, but
- (b) having regard to the proportion that the actual percentage bears to the proportionate percentage, the difference can reasonably be regarded as insignificant,
the investing company is treated as meeting the condition in sub-paragraph (2)(b)(i) or (ii) (as the case may be).
- (6) Paragraph 3B (owning ordinary share capital) applies for the purposes of sub-paragraph (1).
- (7) Paragraph 8(2) applies for the purposes of sub-paragraph (2).
- (8) In this paragraph “*ordinary shares*” means shares in the ordinary share capital of the company invested in.
### Meaning of “qualifying institutional investor”
##### 30A
- (1) In this Schedule “*qualifying institutional investor*” means a person falling within any of A to G below.
1. *Pension schemes*The trustee or manager of—a registered pension scheme, other than an investment-regulated pension scheme, oran overseas pension scheme, other than one which would be an investment-regulated pension scheme if it were a registered pension scheme.“*Investment-regulated pension scheme*” has the same meaning as in Part 1 of Schedule 29A to the Finance Act 2004.“*Overseas pension scheme*” has the same meaning as in Part 4 of that Act.
2. *Life assurance businesses*A company carrying on life assurance business, if immediately before the disposal its interest in the investing company is held as part of its long-term business fixed capital.“*Life assurance business*” has the meaning given in section 56 of the Finance Act 2012.Section 137 of that Act applies for the purposes of determining whether an interest forms part of the long-term business fixed capital of a company.
3. *Sovereign wealth funds etc*A person who cannot be liable for corporation tax or income tax (as relevant) on the ground of sovereign immunity.
4. *Charities*A charity.
5. *Investment trusts*An investment trust.
6. *Authorised investment funds*An authorised investment fund which meets the genuine diversity of ownership condition throughout the accounting period of the fund in which the disposal is made.“*Authorised investment fund*” has the same meaning as in the Authorised Investment Funds (Tax) Regulations 2006 (SI 2006/964).Regulation 9A of the Authorised Investment Funds (Tax) Regulations 2006 (genuine diversity of ownership) applies for this purpose.
7. *Exempt unauthorised unit trusts*The trustees of an exempt unauthorised unit trust, where the trust meets the genuine diversity of ownership condition throughout the accounting period of the trust in which the disposal is made.Regulation 9A of the Authorised Investment Funds (Tax) Regulations 2006 (genuine diversity of ownership) applies for this purpose (treating references to an authorised investment fund as including an exempt unauthorised unit trust).
- (2) The Treasury may by regulations amend this Schedule so as to add or remove a person as a “qualifying institutional investor” (and may in particular do so by changing the conditions subject to which a person is a qualifying institutional investor).
##### 103DA
A unit in a transparent fund is to be regarded as a security for the purposes of sections 104, 105, 107, 110 and 114 (share pooling, identification of securities and indexation).
##### 87D
- (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), but this—
- (a) is subject to subsection (3) and section 87E, and
- (b) does not affect the operation of sections 87I to 87L (see, in particular, sections 87K(2) and 87L(2) which apply sections 87 and 87A by reference to the payment mentioned in section 87I(1)(a)).
- (2) A capital payment is within this subsection if (and to the extent that) it is in a tax year received from the trustees of the settlement by a beneficiary who at all times in that year is not resident in the United Kingdom, but this is subject to section 87F.
- (3) Subsection (1) does not apply in relation to a capital payment (or a part of a capital payment) if—
- (a) the recipient beneficiary is a close member of the settlor's family (see section 87H) when the beneficiary receives (or is treated as receiving) the payment (or part),
- (b) the payment (or part) is received on or after 6 April 2018, and
- (c) the settlor is resident in the United Kingdom in the tax year in which the payment (or part) is received.
##### 87E
- (1) If—
- (a) as a result of section 87D, no account is taken of a capital payment (or a part of a capital payment) for the purposes of sections 87 and 87A,
- (b) the recipient beneficiary is an individual who is temporarily non-resident, and
- (c) the payment (or part) is received in the beneficiary's temporary period of non-residence,
the payment (or part) is treated for the purposes of sections 87 and 87A as received (by the beneficiary) in the beneficiary's period of return, and account is to be taken of it accordingly for those purposes.
- (2) Part 4 of Schedule 45 to FA 2013 explains—
- (a) when an individual is to be regarded as “temporarily non-resident”, and
- (b) what “the temporary period of residence” and “the period of return” mean.
##### 87F
- (1) This section applies in relation to a settlement if—
- (a) in a particular tax year, the settlement ceases to exist,
- (b) two or more beneficiaries (“the recipients”) in the year receive capital payments from the trustees, and
- (c) at least one of the recipients is, and at least one is not, a non-resident beneficiary.
- (2) Those capital payments, so far as received by such of the recipients as are non-resident beneficiaries, are not within section 87D(2).
- (3) In this section “*non-resident beneficiary*” means a beneficiary who at all times in the year is not resident in the United Kingdom.
##### 87G
- (1) Subsection (2) applies if in the case of a settlement—
- (a) a beneficiary of the settlement receives a capital payment from the trustees in a tax year,
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the beneficiary (“the original recipient”) is a close member of the settlor's family (see section 87H) at the time of receipt.
- (2) Sections 87 and 87A have effect as if the capital payment—
- (a) was received from the trustees by the settlor—
- (i) as a beneficiary of the settlement (whether or not the settlor is otherwise a beneficiary of the settlement), and
- (ii) at the time it was received by the original recipient, and
- (b) was not received by the original recipient.
- (3) Where any tax is chargeable on the settlor as a result of subsection (2) and is paid, the settlor is entitled to recover the full amount of the tax from the original recipient.
- (4) For the purpose of recovering that amount, the settlor is entitled to require an officer of Revenue and Customs to give the settlor a certificate specifying—
- (a) the amount of tax paid, and
- (b) the amount of the gains on which the tax is paid,
and any such certificate is conclusive evidence of the facts stated in it.
##### 87H
- (1) For the purposes of sections 87D, 87G and 87L as they apply in relation to a settlement, a person is a close member of the settlor's family at any time if the settlor is living at that time and—
- (a) the person is the settlor's spouse or civil partner at that time, or
- (b) the person—
- (i) is a child of the settlor, or of a person who at that time is the settlor's spouse or civil partner, and
- (ii) at that time has not reached the age of 18.
- (2) For the purposes of subsection (1)—
- (a) two people living together as if they were spouses of each other are treated as if they were spouses of each other, and
- (b) two people of the same sex living together as if they were civil partners of each other are treated as if they were civil partners of each other.
##### 87I
- (1) Sections 87J and 87K apply if in the case of a settlement—
- (a) a capital payment (“*the original payment*”) is received in a tax year (“the payment year”) by a person (“the original beneficiary”) from the trustees of the settlement,
- (b) at the time of receipt—
- (i) there are arrangements, or there is an intention, as regards the (direct or indirect) passing-on of the whole or part of the original payment, and
- (ii) it is reasonable to expect that, in the event of the whole or part of the original payment being passed on to another person as envisaged by the arrangements or intention, that other person will be resident in the United Kingdom when they receive at least part of what is passed on to them,
- (c) the original beneficiary makes, directly or indirectly, a gift (“the onward payment”) to a person (“the subsequent recipient”)—
- (i) at the time the original payment is received, or at any later time in the 3 years beginning with the day containing the start time, or
- (ii) at any time before the original payment is received and, it is reasonable to assume, in anticipation of receipt of the original payment,
- (d) the gift is of or includes—
- (i) the whole or part of the original payment,
- (ii) anything that (wholly or in part, and directly or indirectly) derives from, or represents, the whole or part of the original payment, or
- (iii) any other property, but only if the original payment is made with a view to enabling or facilitating, or otherwise in connection with, the making of the gift of the property to the subsequent recipient,
- (e) the subsequent recipient is resident in the United Kingdom in the tax year in which the onward payment is received by the subsequent recipient (“the gift year”, but see subsection (4)), and
- (f) in the period beginning with the start of the payment year and ending with the end of the gift year, there is at least one tax year—
- (i) for which the otherwise-liable person is not resident in the United Kingdom, or
- (ii) for which section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the otherwise-liable person.
- (2) Where—
- (a) there is a series of two or more gifts,
- (b) the first gift in the series is made, directly or indirectly, by the original beneficiary—
- (i) at the time the original payment is received, or at any later time in the 3 years beginning with the day containing the start time, or
- (ii) at any time before the original payment is received and, it is reasonable to assume, in anticipation of receipt of the original payment,
- (c) the recipient of a gift in the series is the person who makes, directly or indirectly, the next gift in the series,
- (d) the recipient of the last gift in the series is resident in the United Kingdom in the tax year in which that gift is received,
- (e) as regards each earlier gift in the series, its recipient is not resident in the United Kingdom at any time in the tax year in which it is received, and
- (f) the condition in subsection (1)(d) is met in relation to each gift in the series,
the last gift in the series is treated for the purposes of subsection (1)(c) as if its maker were the original beneficiary (and not its actual maker).
- (3) For the purposes of subsections (1)(c)(i) and (2)(b)(i)—
- (a) if the original payment is a capital payment other than one that is treated as received by section 87M, “the start time” is the time the original payment is received, and
- (b) if the original payment is a capital payment that is treated as received by section 87M in connection with the operation of this section, and sections 87J and 87K, on a previous occasion, “the start time” is the time given by this subsection as the start time on that occasion
- (4) Where the onward payment is made as mentioned in subsection (1)(c)(ii), the onward payment is to be treated—
- (a) for the purposes of the provisions of this section following subsection (1)(c), and
- (b) for the purposes of sections 87K to 87M,
as made and received immediately after the original payment is received (and in the payment year).
- (5) Where this section provides for section 87K to apply in relation to two or more gifts received from the original beneficiary in the gift year by reference to the original payment—
- (a) treat that section as applying in relation to a single gift equal in amount to the total of the amount or value of each of the gifts (and as not applying in relation to each gift separately), and
- (b) apportion between the gifts (in proportion to their amounts or values)—
- (i) any capital payments given by section 87K(2), and
- (ii) any gains given by section 87K(3),
as a result of applying section 87K in accordance with paragraph (a).
- (6) Where this section provides for sections 87J and 87K to apply in relation to a gift received in a tax year—
- (a) take the steps required by section 87J before applying section 87K in relation to the gift, but
- (b) in taking the steps required by section 87J, have regard to the application of section 87K in relation to gifts made in earlier tax years.
- (7) 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 in relation to any matters, the Board may give the company a relevant notice relating to those matters only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries referred to in subsection (4) 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 (so far as relating to the matters in question), 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.
- “*gift*” includes any benefit,
- “*make*”, in relation to a gift that is a benefit, means confer, and
- “*the otherwise-liable person*” means the original beneficiary unless section 87G(2) applies in relation to the original payment in which event the settlor is “the otherwise-liable person”.
- (8) Where subsection (1)(c) and (d) are met in any case, it is to be presumed (unless the contrary is shown) that subsection (1)(b) is also met in that case.
##### 87J
- (1) Where this section applies (see section 87I), for the purposes of section 87K treat the original payment as divided into slices as follows—
- (a) a slice consisting of the taxed part (if any) of each matched amount (if any),
- (b) a slice (“U”) consisting of the untaxed part (if any) of each matched amount (if any), and
- (c) a slice (“R”) consisting of the rest (if any) of the original payment.
- (2) For the purposes of this section, if all or part of the original payment is, in a tax year (“the matching year”) not later than the gift year, matched under section 87A with the section 1(3) amount for the matching year or any earlier tax year, so much of the original payment as is so matched is a “matched amount”.
- (3) For the purposes of subsection (1), if—
- (a) as a result of there being a matched amount, gains are treated by section 87 as accruing to the otherwise-liable person,
- (b) the otherwise-liable person is resident in the United Kingdom for the matching year, and
- (c) none of sections 809B, 809D and 809E of ITA 2007 applies to the otherwise-liable person for the matching year,
the whole of the matched amount is its “taxed part” (and it has no “untaxed part”).
- (4) For the purposes of subsection (1), if—
- (a) as a result of there being a matched amount, gains are treated by section 87 as accruing to the otherwise-liable person,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the otherwise-liable person for the matching year, and
- (c) the whole or part of those gains is remitted to the United Kingdom in a tax year—
- (i) that is not later than the gift year, and
- (ii) in which the otherwise-liable person is resident in the United Kingdom,
so much of the matched amount as is equal to so much of the gains as is remitted as mentioned in paragraph (c) is the matched amount's “taxed part”, and the rest of the matched amount is its “untaxed part”.
- (5) For the purposes of subsection (1), if all or part of the original payment is in a tax year (“the pool-matching year”) not later than the gift year matched, under section 87A as applied by paragraph 8 of Schedule 4C, with the section 1(3) amount in the Schedule 4C pool for the pool-matching year or any earlier tax year—
- (a) so much of the original payment as is so matched is a “matched amount”, and
- (b) the whole of the matched amount is its “taxed part” (and it has no “untaxed part”).
##### 87K
- (1) Where this section applies (see section 87I), G is—
- (a) the amount or value of so much of the onward payment as is within any of sub-paragraphs (i) to (iii) of section 87I(1)(d), or
- (b) if lower, the amount of the original payment.
(For the meaning of R and U, see section 87J.)
- (2) If R is greater than nil, sections 87 and 87A have effect for the gift year and later tax years—
- (a) as if a capital payment was received from the trustees by the subsequent recipient—
- (i) as a beneficiary of the settlement (whether or not the subsequent recipient is otherwise a beneficiary of the settlement), and
- (ii) at the time the subsequent recipient received the onward payment,
- (b) as if that capital payment consisted of—
- (i) R, if G is greater than R, or
- (ii) so much of R as is equal to G, if G is not greater than R, and
- (c) as if so much of the original payment as is equal to that capital payment was not received by the otherwise-liable person.
- (3) If G is greater than R, and if U is greater than nil—
- (a) chargeable gains are treated as accruing to the subsequent recipient in the gift year (but see section 87L(3) and (4)),
- (b) the amount of those gains is—
- (i) U, if (G − R) is greater than U, or
- (ii) so much of U as is equal to (G − R), if (G − R) is not greater than U, and
- (c) the chargeable gains treated by section 87 as accruing to the otherwise-liable person by reason of the original payment are treated as from the end of the gift year as reduced by that amount, with that reduction being made from so much of those gains as has not by then been remitted to the United Kingdom in a tax year in which the otherwise-liable person is resident in the United Kingdom.
- (4) If this section applies by reference to the original payment also in relation to a gift received from the original beneficiary in a tax year earlier than the gift year, this section applies in relation to the onward payment as if—
- (a) the amount given by section 87J for R were reduced by the amount of any capital payment given by subsection (2) in relation to that earlier year, and
- (b) the amount given by section 87J for U were reduced by the amount of any gains given by subsection (3) in relation to that earlier year.
##### 87L
- (1) Subsection (2) applies where—
- (a) ignoring this section and section 87M, a person is treated by section 87K(2) as receiving a capital payment from the trustees of a settlement at a time (“the time of receipt”) in a tax year,
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the person mentioned in paragraph (a) is a close member of the settlor's family (see section 87H) at the time of receipt.
- (2) Sections 87 and 87A have effect for that year, and later tax years, as if the capital payment—
- (a) was received from the trustees by the settlor—
- (i) as a beneficiary of the settlement (whether or not the settlor is otherwise a beneficiary of the settlement), and
- (ii) at the time of receipt, and
- (b) was not received by the person mentioned in subsection (1)(a).
- (3) Subsection (4) applies where—
- (a) in the case of a settlement, chargeable gains are (ignoring this section and section 87M) treated by section 87K(3) as accruing to a person in a tax year (“the subsequent recipient”),
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the subsequent recipient is a close member of the settlor's family when the subsequent recipient receives the onward payment (see section 87I(1)(c)) by reference to which the chargeable gains are treated as accruing.
- (4) Section 87K(3)(a) has effect as if its reference to the subsequent recipient were a reference to the settlor, and references (however expressed) to chargeable gains treated as accruing by this section are to chargeable gains treated by section 87K(3)(a) as accruing to the settlor as a result of the operation of this subsection.
- (5) Where, in the case of a settlement, any tax is chargeable on the settlor as a result of this section and is paid, the settlor is entitled to recover the full amount of the tax from the person mentioned in subsection (1)(a) or (3)(a), as the case may be.
- (6) For the purpose of recovering that amount, the settlor is entitled to require an officer of Revenue and Customs to give the settlor a certificate specifying—
- (a) the amount of tax paid, and
- (b) the amount of the gains on which the tax is paid,
and any such certificate is conclusive evidence of the facts stated in it.
##### 87M
- (1) Subsection (2) applies where—
- (a) ignoring this section, a person is treated by section 87K(2) as receiving a capital payment from the trustees of a settlement at a time (“the time of receipt”) in a tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the person for that tax year, and
- (c) the payment is not treated by section 87L(2) as received by the settlor.
- (2) Section 87I(1)(a) has effect as if the capital payment were received from the trustees by the person at the time of receipt, and section 87K(2)(a) and (b) do not have effect for the purposes of sections 87 and 87A in the case of the payment.
- (3) The rules in subsection (4) apply where—
- (a) in the case of a settlement, chargeable gains are (ignoring this section) treated by section 87K(3), but not as a result of the operation of section 87L(4), as accruing to a person in a tax year by reference to a gift within section 87I(1)(d) made to the person,
- (b) section 809B, 809D or 809E of ITA 2007 applies to the person for that tax year, and
- (c) none, or part only, of the gains is remitted to the United Kingdom in that tax year.
- (4) The rules are—
- (a) section 87I(1)(a) has effect—
- (i) as if a capital payment were received from the trustees by the person at the time the gift is made, and
- (ii) as if the capital payment were equal in amount to so much of the gains as is not remitted in the tax year mentioned in subsection (3)(a) of this section,
- (b) for the purposes of section 87J—
- (i) the whole of the capital payment is a “matched amount”, and
- (ii) the whole of the matched amount is its “untaxed part” (and the matched amount has no “taxed part”), and
- (c) the amount of the gains treated by section 87K(3)(a) and (b) as accruing to the person by reference to the gift is reduced by the amount of the capital payment.
- (5) Where the capital payment mentioned in section 87I(1)(a) is one treated as received by subsection (2) or (4) of this section in connection with the operation of sections 87I to 87K on a previous occasion, section 87I(1) has effect—
- (a) with the omission of its paragraph (b),
- (b) as if the reference in its paragraph (c) to the original payment were, instead, to what was the onward payment on that previous occasion, and
- (c) as if the references in its paragraph (d) to the original payment were, instead, to so much of that onward payment as was on that previous occasion within any of sub-paragraphs (i) to (iii) of that paragraph.
- (6) Section 87I(4) and (7) (interpretation of references to gifts and their making) apply also for the purposes of subsections (3) and (4) of this section.
##### 87N
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement for a particular tax year, no account is to be taken of a capital payment (or part of a capital payment) within subsection (2), but this is subject to section 87P.
- (2) A capital payment is within this subsection—
- (a) if it is received by a beneficiary of the settlement before the particular tax year,
- (b) if the relevant person is resident in the United Kingdom in the tax year in which it is received,
- (c) if the relevant person is not resident in the United Kingdom in the particular tax year, and
- (d) so far as it has not been matched (under section 87A as it applies for tax years before the particular tax year) with—
- (i) the section 1(3) amount for any tax year before the particular tax year, but not earlier than the tax year 2018-19, in which the relevant person is resident in the United Kingdom, or
- (ii) the section 1(3) amount for any tax year earlier than the tax year 2018-19.
- (3) For the purposes of subsection (2), the beneficiary is “the relevant person” unless section 87G(2) applies in relation to the capital payment in which event the settlor is “the relevant person”.
##### 87P
- (1) If—
- (a) as a result of section 87N, no account is taken of a capital payment (or a part of a capital payment) for the purposes of sections 87 and 87A as they apply in relation to a settlement for a particular tax year,
- (b) the recipient beneficiary (where section 87G(2) does not apply in relation to the capital payment), or the settlor (where section 87G(2) does apply in relation to the capital payment), is an individual who is temporarily non-resident,
- (c) the whole or part of the particular tax year constitutes, or forms part of, that individual's temporary period of non-residence,
- (d) either—
- (i) that individual's temporary period of non-residence begins with the start of a tax year and the payment (or part) is received before that tax year, or
- (ii) that individual's temporary period of non-residence begins otherwise than at the start of a tax year and the payment (or part) is received before, or at any time in, the tax year in which that individual's temporary period of non-residence begins, and
- (e) the payment (or part) has not been matched (under section 87A as it applies for tax years before the particular tax year) with—
- (i) the section 1(3) amount for any tax year before the particular tax year, but not earlier than the tax year 2018-19, in which that individual is resident in the United Kingdom, or
- (ii) the section 1(3) amount for any tax year earlier than the tax year 2018-19,
the payment (or part) is treated for the purposes of sections 87 and 87A as received (by that individual) in that individual's period of return, and account is to be taken of it accordingly for those purposes.
- (2) Part 4 of Schedule 45 to FA 2013 explains—
- (a) when an individual is to be regarded as “temporarily non-resident”, and
- (b) what “the temporary period of residence” and “the period of return” mean.
#### Disposal of know-how as part of disposal of all or part of a trade
#### Deferred unascertainable consideration: election for treatment of loss
#### Effect of election under section 279A
#### Elections under section 279A
#### Recovery of tax from donee.
### Chapter 1 — Capital gains tax
### Charge to capital gains tax
### Territorial scope of charge
##### 1A
- (1) A person who is UK resident for a tax year is chargeable to capital gains tax on chargeable gains accruing to the person in the tax year on the disposal of assets wherever situated.
- (2) In the case of individuals who are UK resident for a tax year, see also—
- (a) Schedule 1 (foreign gains accruing to individuals to whom the remittance basis applies),
- (b) section 1G (cases where the tax year is a split year),
- (c) sections 1M and 1N (temporary periods of non-residence),
- (d) Chapter 3 (gains of non-UK resident close companies attributed to individuals), and
- (e) sections 86, 87, 87K, 87L and 89(2) (gains of non-UK resident trustees attributed to individuals).
- (3) A person who is not UK resident for a tax year is chargeable to capital gains tax on chargeable gains accruing to the person in the tax year on the disposal of—
- (a) assets situated in the United Kingdom that have a relevant connection to the person's UK branch or agency and are disposed of at a time when the person has that branch or agency (see section 1B),
- (b) assets not within paragraph (a) that are interests in UK land (see section 1C), and
- (c) assets (wherever situated) not within paragraph (a) or (b) that derive at least 75% of their value from UK land where the person has a substantial indirect interest in that land (see section 1D and Schedule 1A).
- (4) For the purposes of this Chapter a person is “UK resident” for a tax year if the person is resident in the United Kingdom during any part of the tax year.
- (5) For the relevant residence rules—
- (a) in the case of individuals, see Schedule 45 to the Finance Act 2013 (which provides that individuals meeting the applicable tests for a tax year are taken to be resident for the whole of the year),
- (b) in the case of the personal representatives of deceased individuals, see section 62(3), and
- (c) in the case of trustees of settlements, see section 69.
##### 1B
- (1) For the purposes of section 1A(3)(a) a person has a UK branch or agency at any time if, at that time, the person carries on a trade, profession or vocation in the United Kingdom through a branch or agency there.
- (2) For the purposes of section 1A(3)(a) an asset has a relevant connection to a person's UK branch or agency if—
- (a) it is, or was, used in or for the purposes of the trade, profession or vocation at or before the time of the disposal,
- (b) it is, or was, used or held for the purposes of the branch or agency at or before that time, or
- (c) it is acquired for use by or for the purposes of the branch or agency.
- (3) Section 1A(3)(a) does not apply to a person who, as a result of Part 2 of TIOPA 2010 (double taxation arrangements), is exempt from income tax for the tax year in respect of the profits or gains of the branch or agency.
- (4) In the case of a profession or vocation carried on by a person, an asset does not have a relevant connection to the person's UK branch or agency if—
- (a) the asset was only used in or for the purposes of the profession or vocation before 14 March 1989, or
- (b) the asset was only used or held for the purposes of the branch or agency before that date.
- (5) In this Act, unless the context otherwise requires, “branch or agency”—
- (a) means any factorship, agency, receivership, branch or management, but
- (b) does not include any person within any of the exemptions under sections 835G to 835K of ITA 2007 (persons who are not UK representatives).
##### 1C
- (1) For the purposes of section 1A(3)(b) an “*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 an estate, interest, right or power in or over land in the United Kingdom,
other than an excluded interest.
- (2) The following interests are “excluded interests”—
- (a) any interest or right held for securing the payment of money or the performance of any other obligation,
- (b) a licence to use or occupy land,
- (c) in England and Wales or Northern Ireland, a tenancy at will or an advowson, franchise or manor, and
- (d) such other descriptions of interest or right in relation to land in the United Kingdom as may be specified in regulations made by the Treasury.
- (3) An interest or right is not within subsection (2)(a) if it is—
- (a) a rentcharge, or
- (b) in Scotland, a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000.
- (4) The grant of an option by a person binding the person to dispose of an interest in UK land is (so far as it would not otherwise be the case) regarded as a disposal of an interest in UK land by the person for the purposes of section 1A(3)(b).
- (5) This does not affect the operation of section 144 in relation to the grant of the option (or otherwise).
- (6) In this section—
- “*franchise*” means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls, and
- “*land*” includes—buildings and structures, andland under the sea or otherwise covered by water.
##### 1D
- (1) For the purposes of section 1A(3)(c) the following questions are determined in accordance with the provision made by Schedule 1A—
- (a) whether the asset being disposed of derives at least 75% of its value from UK land, and
- (b) whether the person making the disposal has a substantial indirect interest in the UK land at the time of the disposal.
- (2) The provision made by Schedule 1A is not to be taken as affecting the meaning of “substantial” in other contexts.
### Deduction of allowable losses
##### 1E
- (1) A loss is not an allowable loss if it accrues in a tax year at a time when, had a gain accrued instead, the gain would not have been chargeable to capital gains tax under this Act for the tax year (and see also sections 16(2) and 16A).
- (2) In addition, the only allowable losses that qualify for deduction from chargeable gains under section 1A(3) (non-UK residents) are those accruing to the person on disposals of assets within that subsection.
- (3) An allowable loss counts for the purposes of subsection (2) even if it accrues in a tax year in which the person was UK resident.
- (4) No allowable losses may be deducted from chargeable gains treated as accruing to an individual as a result of section 87, 87K, 87L or 89(2) (read, where appropriate, with section 1M).
- (5) If—
- (a) amounts (or elements of amounts) treated as accruing to an individual as a result of section 86 relate to different settlements, and
- (b) the deduction of allowable losses does not reduce the amounts or elements to nil,
the deduction applicable to each amount is the proportion that the amount concerned bears to the total of the amounts.
- (6) The deduction of allowable losses also has effect subject to Schedule 1 (UK resident individuals not domiciled in UK).
- (7) For the only case in which an allowable loss accruing in a tax year may be carried back to an earlier tax year, see section 62 (death).
##### 1F
- (1) Allowable losses may (subject to express provision to the contrary) be deducted from gains in whichever way is most beneficial to a person chargeable to capital gains tax.
- (2) Accordingly, an allowable loss may be deducted from a chargeable gain irrespective of the rate of tax at which the gain would otherwise have been charged.
- (3) Allowable losses that are deducted from gains may not be deducted any further than is necessary to eliminate the gains.
- (4) No part of an allowable loss may be relieved under this Act more than once.
- (5) So far as an amount has been relieved under the Income Tax Acts, it may not be further relieved under this Act.
### UK resident individuals with split tax years
##### 1G
- (1) If, as respects any individual, a tax year is a split year, sections 1A(1) and 1E have effect subject to the modifications made by this section.
- (2) Gains accruing to the individual in the overseas part of the tax year are chargeable to capital gains tax only if they accrue on the disposal of assets within section 1A(3).
- (3) Losses are deductible from gains accruing to the individual in the overseas part of the tax year on the disposal of assets within section 1A(3)(b) or (c) only if the losses accrue to the individual on the disposal of—
- (a) assets that are within section 1A(3)(b) or (c), or
- (b) assets that would be within section 1A(3)(b) or (c) if they did not have a relevant connection to the individual's UK branch or agency.
- (4) But losses accruing in the overseas part of the tax year on disposals of assets within section 1A(3)(b) or (c) are (so far as not deducted as mentioned in subsection (3)) deductible from gains accruing in the UK part of the tax year.
### Rates of CGT
##### 1H
- (1) This section makes provision about the rates at which capital gains tax is charged but has effect subject to—
- (a) section 169N (entrepreneurs' relief: rate of 10%), and
- (b) section 169VC (investors' relief: rate of 10%).
- (2) Chargeable gains accruing in a tax year to an individual that are—
- (a) residential property gains (see Schedule 1B), or
- (b) carried interest gains (see subsections (9) to (11)),
are charged to capital gains tax at a rate of 18% or 28%.
- (3) Other chargeable gains accruing in a tax year to an individual are charged to capital gains tax at a rate of 10% or 20%.
- (4) The question as to which of the rates applies to the gains concerned is determined by section 1I (income taxed at higher rates or gains exceeding unused basic rate band).
- (5) Chargeable gains accruing in a tax year to the personal representatives of a deceased individual that are—
- (a) residential property gains, or
- (b) carried interest gains,
are charged to capital gains tax at a rate of 28%.
- (6) Other chargeable gains accruing in a tax year to the personal representatives of a deceased individual are charged to capital gains tax at a rate of 20%.
- (7) Residential property gains accruing in a tax year to the trustees of a settlement are charged to capital gains tax at a rate of 28%.
- (8) Other chargeable gains accruing in a tax year to the trustees of a settlement are charged to capital gains tax at a rate of 20%.
- (9) For the purposes of this section chargeable gains are “carried interest gains” if they accrue to an individual (“X”)—
- (a) under section 103KA(2) or (3) (investment management services), or
- (b) as a result of carried interest arising to X under arrangements not involving a partnership under which X performs investment management services directly or indirectly in respect of an investment scheme.
- (10) A gain is not a carried interest gain under subsection (9)(b) if the carried interest constitutes a co-investment repayment or return.
- (11) Expressions used in subsection (9) or (10) have the same meaning as they have in Chapter 5 of Part 3.
##### 1I
- (1) If any of an individual's income for a tax year is chargeable to income tax at a higher income tax rate, gains accruing to the individual in the tax year are charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
- (2) If—
- (a) none of an individual's income for a tax year is chargeable to income tax at a higher income tax rate, but
- (b) the individual is chargeable to capital gains tax for the tax year on an amount that exceeds the unused part of the individual's basic rate band,
the excess (“the higher rate excess”) is charged at the rate of 28%(so far as comprising residential property gains or carried interest gains) or at the rate of 20% (so far as comprising other kinds of gains).
- (3) The remainder of this section sets out special rules which apply depending on the nature of the gains within subsection (2)(b).
- (4) If—
- (a) the gains consist of or include gains (“entrepreneur or investor gains”) chargeable at the rate of 10% under section 169N(3) or 169VC(2), and
- (b) the total amount of the entrepreneur or investor gains exceeds the unused part of the individual's basic rate band,
that unused part is used fully against those gains.
- (5) The effect of so doing is that other gains comprised in the higher rate excess are then charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
- (6) If the total amount of the entrepreneur or investor gains does not exceed the unused part of the individual's basic rate band—
- (a) so much of that unused part as is equal to that total amount is used against those gains, and
- (b) accordingly, the higher rate excess consists only of gains other than entrepreneur or investor gains.
- (7) The individual may allocate so much of the unused part of the individual's basic rate band as then remains to—
- (a) any residential property gains or carried interest gains, or
- (b) any other gains.
- (8) The effect of the allocation is that the gains to which the allocation is made are charged—
- (a) at the rate of 18%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 10% (if they are other kinds of gains).
- (9) Any gains to which no allocation is made are charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
##### 1J
- (1) For the purposes of section 1I—
- a “*higher income tax rate*” means—the higher rate or the default higher rate,the savings higher rate, orthe dividend upper rate, and
- “*the unused part of the individual's basic rate band*” means the amount by which the basic rate limit exceeds the individual's Step 3 income.
- (2) If an individual is entitled to relief for a tax year under section 539 of ITTOIA 2005 (contracts for life insurance) by reference to the amount of a deficiency, the individual's Step 3 income for the tax year is treated for the purposes of this section as reduced by the amount of the deficiency.
- (3) If, as a result of section 669(1) and (2) of ITTOIA 2005 (inheritance tax on accrued income), there is a reduction in the residuary income of an estate for a tax year that reduces an individual's income by any amount, the individual's Step 3 income for the tax year is treated for the purposes of this section as reduced by the amount of that reduction in the individual's income.
- (4) If an individual has life insurance gains for a tax year, the individual's Step 3 income for the tax year is treated for the purposes of this section as if the amount of those gains were limited to—
- (a) the annual equivalent within the meaning of section 536(1) of ITTOIA 2005, or
- (b) the total annual equivalent within the meaning of section 537 of that Act,
as the case may be.
- (5) If—
- (a) an individual has life insurance gains for a tax year,
- (b) relief is given under section 535 of ITTOIA 2005 for the tax year, and
- (c) the calculation under section 536(1) or 537 of that Act for the tax year does not involve the higher rate,
the individual is treated for the purposes of section 1I as if none of the individual's income were chargeable to income tax at the higher rate, the default higher rate or the dividend upper rate.
- (6) In the application of section 1I in the case of any individual it is to be assumed that the individual is not a Scottish or Welsh taxpayer.
- (7) In this section—
- “*the individual's Step 3 income*” means so much of the individual's total income for the tax year as is left after taking Step 3 under section 23 of ITA 2007 (income tax liability calculation), and
- “*life insurance gains*”, in relation to an individual, means the amount or amounts treated as the individual's income as a result of section 465 of ITTOIA 2005 (gains from contracts for life insurance).
- (8) Expressions used in this section which have a meaning when used in the Income Tax Acts have the same meaning in this section.
### Annual exempt amount
##### 1K
- (1) If an individual is (or, apart from this section, would be) chargeable to capital gains tax for a tax year on chargeable gains, the annual exempt amount for the year is to be deducted from those gains (but no further than necessary to eliminate them).
- (2) The annual exempt amount for a tax year is £12,000.
- (3) The annual exempt amount may not be deducted from chargeable gains to which paragraph 2 of Schedule 1 applies (foreign gains of non-UK domiciled individuals accruing in one year and remitted in later year).
- (4) The deduction of the annual exempt amount—
- (a) is made after the deduction of allowable losses accruing in the tax year, but
- (b) is made before the deduction of allowable losses accruing in a previous tax year or, if section 62 applies, in a subsequent tax year.
- (5) The annual exempt amount may be deducted from gains in whatever way is most beneficial to a person chargeable to capital gains tax (irrespective of the rate of tax at which the gains would otherwise have been charged).
- (6) An individual is not entitled to an annual exempt amount for a tax year if section 809B of ITA 2007 (claim for remittance basis) applies to the individual for the year.
- (7) For the tax year in which an individual dies and for the next two tax years, this section applies to the individual's personal representatives as if references to the individual were to those personal representatives.
- (8) This section applies in relation to trustees in accordance with the provision made by Schedule 1C.
##### 1L
- (1) If the consumer prices index for the September before the start of a tax year is higher than it was for the previous September—
- (a) the annual exempt amount is increased by the same percentage as the rise in that index (rounded up to the nearest £100), and
- (b) section 1K(2) has effect for the tax year (and subsequent tax years) as if it referred to the increased amount.
- (2) If, as a result of this section, the annual exempt amount for a tax year increases, the Treasury must before the start of the tax year make an order showing the increased amount.
### Temporary periods of non-residence
##### 1M
- (1) If, in the case of the disposal of an asset by an individual who is temporarily non-resident—
- (a) a gain or loss accrues to the individual in the temporary period of non-residence, and
- (b) the asset is not excluded from this subsection by section 1N (certain assets acquired in that period),
the gain or loss is treated instead as accruing to the individual in the period of return.
- (2) If—
- (a) a gain is, as a result of subsection (1), treated as accruing to an individual in a tax year for which the remittance basis applies to the individual,
- (b) the tax year consists of or includes the period of return, and
- (c) the gain was remitted to the United Kingdom in the temporary period of non-residence,
the gain is treated instead as remitted to the United Kingdom in the period of return.
- (3) If—
- (a) an individual is temporarily non-resident, and
- (b) a gain would, as a result of section 86, have accrued to the individual in a tax year falling wholly or partly in the temporary period of non-residence if the individual had been resident in the United Kingdom for that year,
the gain is treated instead as accruing to the individual in the period of return (but see also section 86A).
- (4) Nothing in any double taxation arrangements prevents a charge to capital gains tax arising as a result of this section.
- (5) Nothing in this section is to affect a gain or loss which, apart from this section, would be chargeable to capital gains tax or would be an allowable loss.
- (6) For the purposes of this section each of the following expressions has the meaning given by Part 4 of Schedule 45 to the Finance Act 2013 (statutory residence test: anti-avoidance)—
- “the period of return”
- “temporarily non-resident”
- “the temporary period of non-residence”.
- (7) In this section the reference to “the remittance basis” applying to an individual for a tax year is to section 809B, 809D or 809E of ITA 2007 applying to the individual for the year.
##### 1N
- (1) An asset is excluded from section 1M(1) if—
- (a) it was acquired by the individual in the temporary period of non-residence,
- (b) the acquisition was otherwise than by means of a disqualifying no gain/no loss disposal,
- (c) there is no reduction in the consideration for the acquisition under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b) by reference to a UK resident disposal, and
- (d) the asset is not an interest created by or arising under a settlement.
- (2) This exclusion does not apply in the case of an asset (“the new asset”) if—
- (a) on a disposal of the new asset a gain or loss is treated as a result of 116(10) or (11), 134 or 154(2) or (4) as accruing (ignoring section 1M),
- (b) the gain or loss is calculated by reference to another asset (“the old asset”), and
- (c) the new asset is one that meets the conditions for exclusion but the old asset does not.
- (3) For the purposes of this section “*a UK resident disposal*” means a disposal by a person (“P”) of an asset which was acquired by P at a time when—
- (a) P was resident in the United Kingdom, and
- (b) P was not Treaty non-resident.
- (4) For the purposes of this section “*a disqualifying no gain/no loss disposal*” means a UK resident disposal to which section 58, 73 or 258(4) applies.
### Interpretation
##### 1O
In this Chapter any reference to a person who is, or is not, “*UK resident*” is to be read in accordance with section 1A(4).
### Chapter 2 — Corporation tax on chargeable gains
### Corporation tax on chargeable gains: the general scheme
### Territorial scope
### Application of CGT principles etc
### Supplementary
##### 2G
- (1) If assets of a company are vested in a liquidator—
- (a) this Chapter, and
- (b) the enactments applied by this Chapter,
apply as if the assets were vested in the company and as if the acts of the liquidator in relation to the assets were the company's acts.
- (2) Accordingly, acquisitions from or disposals to the liquidator by the company are ignored.
- (3) The assets may be vested in the liquidator under section 145 of the Insolvency Act 1986 or Article 123 of the Insolvency (Northern Ireland) Order 1989 or otherwise.
### Chapter 3 — Attribution of gains of non-UK resident close companies
### Gains of non-UK resident companies not otherwise chargeable
##### 3B
- (1) “*Participator*” has the meaning given by section 454 of CTA 2010.
- (2) Any reference to a person's interest as a participator in a company is to the interest in it represented by all the factors by reference to which the person is a participator.
- (3) Any reference to the extent of a person's interest as a participator in a company is to such proportion of the interests as participators of all of the company's participators as, on a just and reasonable basis, is represented by that interest.
- (4) If—
- (a) the interest of a person in a company is wholly or partly represented by an interest under a settlement (“the beneficial interest”), and
- (b) the beneficial interest is the factor (or one of them) by reference to which the person would, apart from this subsection, have an interest as a participator in the company,
that interest as a participator is, so far as represented by the beneficial interest, to be treated instead as the interest of the trustees of the settlement.
- (5) If—
- (a) exempt assets of a pension scheme are taken into account in ascertaining a person's interest as a participator in a company, and
- (b) if those assets were ignored, an amount in respect of a gain accruing to the company would not be apportioned to the person as a result of section 3,
no amount in the respect of the gain is to be apportioned to the person as a result of that section.
- (6) For this purpose—
- (a) “*assets of a pension scheme*” means assets held for the purposes of a fund or scheme to which section 271(1)(c) or (1A) applies, and
- (b) those assets are “exempt” if, at the time when the gain accrues, a disposal of those assets would be exempt from tax as a result of either of those provisions.
- (7) This section applies for the purposes of section 3.
### Prevention of multiple charges
##### 3C
- (1) If—
- (a) an amount of tax is paid by a person as a result of section 3 in respect of a gain, and
- (b) there is a distribution of an amount in respect of the gain before the end of the relevant period,
the amount of tax is applied so as to reduce or extinguish any liability of the person to tax in respect of the distribution.
- (2) For the purposes of subsection (1)—
- (a) the distribution is one made by way of dividend or distribution of capital or on the dissolution of the company,
- (b) the tax in respect of the distribution is income tax, corporation tax or capital gains tax, and
- (c) in determining the liability to tax of any individual in respect of any distribution for a tax year it is to be assumed that the distribution is the highest part of the individual's income for the year.
- (3) For the purposes of subsection (1) “*the relevant period*” means the period of 3 years from the end of whichever of the following periods is earlier—
- (a) the period of account of the company in which the gain accrued, and
- (b) the period of 12 months beginning with the date on which the gain accrued.
- (4) The amount of tax paid by a person as a result of section 3 is allowable as a deduction in calculating a chargeable gain accruing on the disposal by the person of any asset representing the person's interest as a participator in the company.
- (5) An amount of tax—
- (a) is not to be used more than once under this section (whether to reduce or extinguish a liability or as a deduction or a combination of those things), and
- (b) is not to be applied if it is reimbursed by the company.
### Non-UK domiciled individuals and temporary non-residents
##### 3D
- (1) This section applies if, as a result of section 3, an amount in respect of a gain accruing to a company in a tax year is apportioned to an individual who is not domiciled in the United Kingdom in that year.
- (2) The apportioned amount is regarded for the purposes of paragraph 1 of Schedule 1 as accruing on a disposal of a foreign asset if the asset disposed of by the company is a foreign asset (but not otherwise).
- (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 apportioned amount, and
- (b) if that consideration is less than the market value of the asset, treat the asset as deriving from the apportioned amount.
- (4) The apportioned amount may not be reduced or extinguished by a loss under section 3 if—
- (a) the apportioned amount is regarded for the purposes of paragraph 1 of Schedule 1 as accruing on a disposal of a foreign asset,
- (b) the remittance basis applies to the individual for the tax year in question, and
- (c) any of the apportioned amount is remitted to the United Kingdom in a subsequent tax year.
- (5) Paragraph 5 of Schedule 1 applies for the purposes of this section as it applies for the purposes of that Schedule.
##### 3E
- (1) This section applies if—
- (a) an individual is temporarily non-resident, and
- (b) a gain or loss accrues to a company in a tax year falling wholly or partly in the temporary period of non-residence.
- (2) So much of the gain as would, as a result of section 3, have been treated as accruing to the individual in the tax year if the residence assumption were made is to be treated as accruing to the individual in the period of return.
- (3) But if—
- (a) the remittance basis applies to the individual for the tax year that comprises or includes the period of return, and
- (b) any part of the gain has not been remitted to the United Kingdom before the period of the return,
subsection (2) has effect subject to the further application of Schedule 1 (as read with section 3D) in relation to that part of the gain.
- (4) Paragraph 5 of Schedule 1 applies for the purposes of subsection (3) as it applies for the purposes of that Schedule.
- (5) So much of the loss accruing in the tax year as would, in accordance with section 3(9), have reduced or extinguished a gain treated as accruing to the individual in that year as a result of section 3 if the residence assumption were made is to be treated as accruing to the individual in the period of return.
- (6) For the purposes of this section the “residence assumption” is—
- (a) that the individual was resident in the United Kingdom for the tax year in which the gain or loss accrued to the company, and
- (b) that the tax year was not a split year as respects the individual.
- (7) Nothing in any double taxation arrangements prevents a charge to capital gains tax arising as a result of this section.
- (8) For the purposes of this section each of the following expressions has the meaning given by Part 4 of Schedule 45 to the Finance Act 2013 (statutory residence test: anti-avoidance)—
- “the period of return”
- “temporarily non-resident”
- “the temporary period of non-residence”.
### Application to groups
##### 3F
- (1) This section applies, for the purposes of section 3, certain provisions of this Act (modified as mentioned below) in relation to non-resident companies which are members of a non-resident group of companies.
- (2) The applied provisions are—
- (a) section 41(8),
- (b) section 171 but as if subsections (1)(b) and (1A) were omitted,
- (c) section 173 but as if “to which this section applies” in subsections (1)(a) and (2)(a) were omitted, as if “such” in subsections (1)(c) and (2)(c) were omitted and as if subsection (3) were omitted,
- (d) section 174(4) but as if “at a time when both were members of the group” were substituted for “ in a transfer to which section 171(1) applied ”,
- (e) section 175(1) but as if “to which this section applies” were omitted, and
- (f) section 179 but as if subsections (1)(b) and (1A) were omitted, as if for any reference to a group of companies there were substituted a reference to a non-resident group of companies and as if for any reference to a company there were substituted a reference to a non-resident company.
- (3) In this section—
- “*non-resident company*” means a company which is not resident in the United Kingdom,
- “non-resident group of companies”—in the case of a group none of whose members are resident in the United Kingdom, means that group, andin the case of a group some of whose members are not resident in the United Kingdom, means the members which are not resident in the United Kingdom, and
- “*group*” is to be read in accordance with section 170.
### Supplementary
##### 3G
- (1) If tax payable by a person (“P”) as a result of section 3 is paid by—
- (a) the company (“C”) to which the gain accrues, or
- (b) a company by reference to which P is regarded as an indirect participator in C,
the amount paid is not a payment to P for tax purposes.
- (2) The reference here to tax purposes is to the purposes of income tax, capital gains tax or corporation tax.
- (3) For the purposes of section 3 the amount of a gain or loss accruing to a company is calculated as if the company were a company resident in the United Kingdom chargeable to corporation tax on the gain.
### Re-basing for non-residents for UK land etc held on 5 April 2019
##### 36A
Schedule 4AA makes provision for the re-basing of assets where—
- (a) the assets are held on 5 April 2019,
- (b) there is a disposal after that date, and
- (c) the disposal is a direct or indirect disposal of UK land (within the meaning of that Schedule).
##### 103DB
Schedule 5AAA makes provision in relation to collective investment vehicles where the property which is the subject of or held by the vehicles consists of or includes direct or indirect interests in land in the United Kingdom.
### Chapter 3A — Entrepreneurs' relief where company ceases to be individual's personal company
##### 169SB
This Chapter makes provision about an individual claiming entrepreneurs' relief in certain cases where relief would otherwise become unavailable because of a company ceasing to be the individual's personal company.
##### 169SC
- (1) If the following conditions are met, an individual may elect for this section to have effect.
- (2) The first condition is that, as a result of a relevant share issue, the company ceases to be the individual's personal company.
- (3) The second condition is that—
- (a) if, immediately before the relevant share issue, the individual had made a disposal at their relevant value of all assets consisting of shares in or securities of the company, the disposal would have been a material disposal of business assets, and
- (b) if a claim for entrepreneurs' relief had been made in respect of that disposal, a chargeable gain would have been treated by section 169N(2) as accruing to the individual.
- (4) Where this section has effect, the individual is to be treated for the purposes of this Act—
- (a) as having made a disposal immediately before the relevant share issue of all assets consisting of shares in or securities of the company, and
- (b) immediately after that event, as having reacquired those assets,
at their relevant value.
- (5) In this section—
- “*material disposal of business assets*” and “*personal company*” have the same meanings as in Chapter 3 (see section 169S),
- “*relevant share issue*” means an issue of shares by the company where—the shares are issued by the company for consideration consisting wholly of cash, andthe shares are subscribed, and issued, for genuine commercial reasons and not as part of arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage to any person, and
- “*relevant value*” means—in relation to an asset consisting of shares, an amount equal to the consideration that would be apportioned to the asset if, immediately before the relevant share issue, the whole of the issued share capital of the company were sold for a consideration equal to its market value at that time, orin relation to any other asset, its market value at the time of the relevant share issue.
- (6) For the purposes of the definition of “relevant share issue” in subsection (5)—
- “*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.
- (7) In this Chapter—
- (a) references to “*the notional disposal*” are references to the disposal mentioned in subsection (4)(a),
- (b) references to “*the notional gain*” are references to the chargeable gain mentioned in subsection (3)(b), and
- (c) references to shares in or securities of a company include references to interests in such shares or securities.
##### 169SD
- (1) An individual who makes an election under section 169SC may also elect that, for the purposes of this Act—
- (a) no chargeable gain or allowable loss is to be treated as accruing to the individual on the notional disposal, but
- (b) a chargeable gain calculated in accordance with this section is to be treated as accruing to the individual on any subsequent disposal by the individual of one or more assets consisting of shares in or securities of the company (in addition to any gain or loss that actually accrues on that disposal).
- (2) The chargeable gain treated as accruing to the individual on a subsequent disposal is the amount resulting from the following steps—
- *Step 1* Attribute the notional gain to each of the classes of shares in or securities of the company which are the subject of the notional disposal. The attribution must be made, in relation to each class, by reference to the proportion that—the relevant gains (see section 169N(5)) accruing on the notional disposal in respect of shares or securities within each class bears tothe total amount of relevant gains accruing on the notional disposal.
- *Step 2* Apportion the amount attributed to each class under Step 1 to the shares or securities of that class which are the subject of the subsequent disposal. The apportionment must be by reference to the proportion that—the nominal value of the shares or securities of that class which are the subject of the subsequent disposal bears tothe nominal value of shares or securities of that class which are the subject of the notional disposal.
- *Step 3* The amount resulting from these steps is—the total of the amounts apportioned to shares or securities under Step 2, butexcluding, in relation to each class of shares or securities, so much of those amounts as would, together with any chargeable gains treated by this section as accruing on previous disposals of shares or securities of that class, exceed the amount attributed to that class under Step 1.
- (3) If the subsequent disposal is a disposal by virtue of section 122, the nominal value of shares of a particular class which are the subject of that disposal is to be treated for the purposes of Step 2 of subsection (2) as being equal to the nominal value of shares of that class as are the subject of the notional disposal.
##### 169SE
- (1) This section has effect in any case where a transaction occurs to which section 116 (reorganisations, conversions and reconstructions) applies.
- (2) If sections 116(10)(b) and 169SD(1)(b) have effect in relation to a subsequent disposal of the new asset—
- (a) there must be calculated the chargeable gain that would have been treated by section 169SD(1)(b) as accruing to the individual if, at the time of the relevant transaction, the old asset had been disposed of immediately before that transaction,
- (b) the whole or a corresponding part of the chargeable gain mentioned in paragraph (a) is to be treated as accruing on the subsequent disposal of the whole or part of the new asset (in addition to any gain or loss that actually accrues on that disposal and any chargeable gain treated by section 116(10)(b) as accruing on that disposal), and
- (c) on that subsequent disposal, section 115 (exemptions for gilt-edged securities and qualifying corporate bonds) has effect only in relation to any gain that actually accrues and not in relation to any gain which is treated as accruing by virtue of paragraph (b).
- (3) In subsection (2) “*the new asset*”, “*the old asset*” and “*the relevant transaction*” have the same meanings as in section 116.
##### 169SF
- (1) This section has effect in any case where a transaction occurs to which sections 127 to 130 (treatment of share capital following a reorganisation) apply by virtue of any provision of Chapter 2 of Part 4.
- (2) If a gain is treated by section 169SD(1)(b) as accruing on a subsequent disposal of the new holding and it is necessary to apportion the gain between shares or securities forming part of that new holding, the apportionment must be made in the same proportions as those in which the costs of acquisition of the original shares fall to be apportioned under the provisions of that Chapter.
- (3) If subsection (3) of section 128 (consideration given or received by holder) has effect in relation to an individual, the individual is treated for the purposes of section 169SD as making the disposal of the interest in the original shares mentioned in that subsection.
- (4) In this section “*the new holding*” and “*the original shares*” have the same meanings as in sections 127 to 130 (see section 126).
##### 169SG
- (1) An election under section 169SC or 169SD is irrevocable.
- (2) An election under section 169SC must be made on or before the first anniversary of the 31 January following the tax year in which the notional disposal is made (“the relevant tax year”).
- (3) An election under section 169SD may not be made more than 4 years after the end of the relevant tax year.
- (4) If—
- (a) an individual makes an election under both sections 169SC and 169SD, and
- (b) a tax return under the Management Act would not otherwise be required for the relevant tax year,
the individual may make the elections by giving notice on or before the first anniversary of the 31 January following the relevant tax year.
##### 169SH
- (1) Where, as a result of an election under section 169SD, a chargeable gain is to be treated as accruing on a subsequent disposal, the following rules have effect.
- (2) The individual making the subsequent disposal must make a claim for entrepreneurs' relief on or before the first anniversary of the 31 January following the first tax year in which, as a result of the election, the chargeable gain is to be treated as accruing.
- (3) The chargeable gain is to be treated for the purposes of section 169N as the amount resulting from a calculation under subsection (1) of that carried out when that chargeable gain accrues and because of the claim mentioned in subsection (2).
- (4) If the chargeable gain is a part only of the notional gain, each chargeable gain that subsequently accrues is to be treated for the purposes of section 169N as the amount resulting from a calculation under subsection (1) of that section carried out when that chargeable gain arises and because of the claim mentioned in subsection (2).
- (5) In relation to the claim for entrepreneurs' relief in respect of the chargeable gain, the company is to be treated for the purposes of condition A in section 169I(6) as if it were, throughout the period of 2 years ending with the date of the subsequent disposal, the individual's personal company.
### Assets subject to EU exit charges
##### 184J
- (1) This section applies if—
- (a) an asset becomes a chargeable asset in relation to a company by reason of an event specified in subsection (2), and
- (b) on the occurrence of that event the company becomes subject to an EU exit charge in relation to the asset.
- (2) The events are—
- (a) the company becoming resident in the United Kingdom, and
- (b) in the case of a company that is not resident in the United Kingdom, the asset beginning to be held for the purposes of a trade carried on by the company in the United Kingdom through a permanent establishment.
- (3) The company is to be treated for the purposes of this Act as if it had acquired the asset for its market value at the time it became a chargeable asset in relation to the company.
- (4) For the purposes of this section an asset is a “*chargeable asset*” in relation to a company at any time if any gain on its disposal by the company at that time would be chargeable to corporation tax.
- (5) “*EU exit charge*” means a charge to tax under the law of a member State in accordance with Article 5(1) of Directive (EU) 2016/1164 of the European Parliament and of the Council of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.
### Visiting forces and official agents etc
##### 271ZA
- (1) This section applies for the purposes of capital gains tax if section 833 of ITA 2007 (visiting forces and staff of designated allied headquarters) applies to an individual throughout a period.
- (2) The period is not a period of residence in the United Kingdom.
- (3) The period does not create a change of the individual's residence or domicile.
##### 271ZB
- (1) An individual who is entitled to immunity from income tax as a result of section 841 of ITA 2007 (official agents of Commonwealth countries or Republic of Ireland etc) is entitled to the same immunity from capital gains tax as that to which a member of the staff of a mission is entitled under the Diplomatic Privileges Act 1964.
- (2) The reference here to a member of the staff of a mission is to be read in accordance with the Diplomatic Privileges Act 1964.
### Foreign gains treated as accruing when remitted to UK
### Use of allowable losses against foreign gains remitted in later year
### Matching rules for relieving allowable losses
### Rules for matching losses to chargeable gains
##### 4
- (1) This paragraph explains how, for the purposes of paragraph 3, allowable losses are matched to chargeable gains in the case of an individual to whom that paragraph applies for a tax year.
- (2) The losses are matched to the gains in the following order—
- *first*, gains actually accruing to the individual in the tax year on the disposal of foreign assets so far as they are remitted to the United Kingdom in the tax year;
- *second*, gains actually accruing to the individual in the tax year on the disposal of foreign assets so far as they are not remitted to the United Kingdom in the tax year;
- *third*, any other gains accruing to the individual in the tax year.
- (3) If the tax year is a split year, the matching under the first and second steps is to be done by reference to the extent to which the gains are, or are not, remitted in the UK part of the year.
- (4) If there are losses to be matched to gains under the second step but the losses are insufficient to eliminate the gains—
- (a) the losses are to be matched against gains accruing on the most recent day first (and then the next most recent day and so on until none of the losses remain), and
- (b) if losses cannot be matched fully against gains accruing on a particular day, the appropriate portion of the losses is matched against each of the gains.
- (5) “*The appropriate portion*” means the amount of each gain accruing on the day divided by the total amount of all of the gains accruing on the day.
### Definitions
##### 5
- (1) For the purposes of this Schedule “*foreign asset*” means an asset situated outside the United Kingdom.
- (2) For the purposes of this Schedule any reference to “the remittance basis” applying to an individual for a tax year is to section 809B, 809D or 809E of ITA 2007 applying to the individual for the year.
- (3) For the purposes of this Schedule any question as to whether, and when, amounts are “remitted to the United Kingdom” is determined in accordance with the rules in Chapter A1 of Part 14 of ITA 2007.
## SCHEDULE 1A
## PART 1 — Introduction
##### 1
This Schedule makes provision, for the purposes of section 1A(3)(c) or 2B(4)(b), for determining in the case of any disposal of any asset—
- (a) whether the asset derives at least 75% of its value from UK land (see Part 2 of this Schedule), and
- (b) whether the person making the disposal has a substantial indirect interest in the UK land (see Part 3 of this Schedule).
##### 2
The provision made by this Schedule needs to be read together with—
- (a) paragraph 5 of Schedule 5AAA (which treats units in a CoACS as shares for the purposes of this Schedule), and
- (b) paragraph 6 of that Schedule (which treats certain disposals of interests in collective investment vehicles as meeting the conditions in Part 3 of this Schedule).
## PART 2 — Whether asset derives at least 75% of its value from UK land
### The basic rule
##### 3
- (1) An asset derives at least 75% of its value from UK land if—
- (a) the asset consists of a right or an interest in a company, and
- (b) at the time of the disposal, at least 75% of the total market value of the company's qualifying assets derives (directly or indirectly) from interests in UK land.
- (2) Market value may be traced through any number of companies, partnerships, trusts and other entities or arrangements but may not be traced through a normal commercial loan.
- (3) It is irrelevant whether the law under which a company, partnership, trust or other entity or an arrangement is established or has effect is—
- (a) the law of any part of the United Kingdom, or
- (b) the law of any territory outside the United Kingdom.
- (4) The assets held by a company, partnership or trust or other entity or arrangement must be attributed to the shareholders, partners, beneficiaries or other participants at each stage in whatever way is appropriate in the circumstances.
- (5) For the purposes of this paragraph—
- “*normal commercial loan*” means a loan which is a normal commercial loan for the purposes of section 158(1)(b) or 159(4)(b) of CTA 2010, and
- “*qualifying assets*” has the meaning given by paragraph 4.
- (6) The provision made by this paragraph is subject to exceptions provided by—
- (a) paragraph 5 (interests in UK land used for trading purposes), and
- (b) paragraph 6 (certain disposals of rights or interests in connected companies).
### Meaning of “qualifying assets”
##### 4
- (1) Subject as follows, all of the assets of the company are qualifying assets.
- (2) An asset of the company is not a qualifying asset so far as it is matched to a related party liability.
- (3) But an interest in UK land is a qualifying asset of the company even if it is matched to any extent to a related party liability.
- (4) An asset of the company is matched to a related party liability if—
- (a) the asset consists of a right under a transaction (for example, a right under a loan relationship or derivative contract),
- (b) the right entitles the company to require another person to meet a liability arising under the transaction, and
- (c) the other person is relevant to the paragraph 3 tracing exercise or is a related party of the company on the day of the disposal.
- (5) For the purposes of this paragraph a person is relevant to the paragraph 3 tracing exercise if—
- (a) the person has assets that fall to be taken into account in the tracing exercise mentioned in paragraph 3, or
- (b) the person has obligations (whether as a trustee or otherwise) in relation to the holding of assets comprised in any trust or other arrangement that fall to be taken into account in that exercise.
- (6) Whether, for the purposes of this paragraph, a person is a related party of the company on any day is determined in accordance with the rules in Part 8ZB of CTA 2010 but as if, in section 356OT(4) of that Act, the words “, within the period of 6 months beginning with that day” were omitted.
- (7) In this paragraph a liability includes a contingent liability (such as one arising as a result of the giving of a guarantee, indemnity or other form of financial assistance).
### Exception in relation to interests in UK land used for trading purposes
##### 5
- (1) A disposal of a right or interest in a company is not to be regarded as a disposal of an asset deriving at least 75% of its value from UK land if it is reasonable to conclude that, so far as the market value of the company's qualifying assets derives (directly or indirectly) from interests in UK land—
- (a) all of the interests in UK land are used for trading purposes, or
- (b) all of the interests in UK land would be used for those purposes if low-value non-trade interests in UK land were left out of account.
- (2) An interest in UK land is “*used for trading purposes*” for the purposes of this paragraph if (and only if), at the time of the disposal—
- (a) it is being used in, or for the purposes of, a qualifying trade, or
- (b) it has been acquired for use in, or for the purposes of, a qualifying trade.
- (3) A trade is a “qualifying” trade for the purposes of this paragraph if—
- (a) it has been carried on by the company, or by a person connected with the company, throughout the period of one year ending with the time of the disposal on a commercial basis with a view to the realisation of profits, and
- (b) it is reasonable to conclude that the trade will continue to be carried on (for more than an insignificant period of time) on a commercial basis with a view to the realisation of profits.
- (4) For the purposes of this paragraph, “*low-value non-trade interests in UK land*” means interests in UK land—
- (a) which are not used for trading purposes, and
- (b) the total market value of which is, at the time of the disposal, no more than 10% of the total market value at that time of the interests in UK land that are used for trading purposes.
### Exception for certain disposals of rights or interests under same arrangements etc
##### 6
- (1) This paragraph applies if—
- (a) there are two or more disposals of rights or interests in companies,
- (b) the disposals are linked with each other,
- (c) some but not all of the disposals would, apart from this paragraph, be disposals of assets deriving at least 75% of their value from UK land, and
- (d) if one of the companies included all of the assets of the others, a disposal of a right or interest in it would not be a disposal of an asset deriving at least 75% of its value from UK land.
- (2) None of the disposals are to be regarded as disposals of assets deriving at least 75% of their value from UK land.
- (3) In determining whether the condition in sub-paragraph (1)(d) is met in the case of a disposal of a right or interest in a company, it is to be assumed that, for the purposes of paragraph 4, each of the other companies in which rights or interest are disposed of is (so far as this would not otherwise be the case) a related party of the company on the day of the disposal.
- (4) For the purposes of this paragraph a disposal of a right or interest in a company is linked with a disposal of a right or interest in another company if—
- (a) the disposals are made under the same arrangements,
- (b) the disposals are made by the same person or by persons connected with each other,
- (c) the disposals are made to the same person or to persons connected with each other, and
- (d) in the case of each disposal, the person making the disposal is connected with the company in which the right or interest is disposed of.
- (5) For the purposes of this paragraph, the question whether or not a person is connected with another is to be determined immediately before the arrangements are entered into.
- (6) Section 286 (connected persons: interpretation) has effect for the purposes of this paragraph as if, in subsection (4), the words “Except in relation to acquisitions or disposals of partnership assets pursuant to bona fide commercial arrangements,” were omitted.
### Meaning of “interest in UK land”
##### 7
For the purposes of this Part of this Schedule “*interest in UK land*” has the meaning given by section 1C.
## PART 3 — Whether person has substantial indirect interest in UK land
### Basic rule
##### 8
- (1) If—
- (a) a person disposes of an asset consisting of a right or an interest in a company, and
- (b) the asset derives at least 75% of its value from UK land,
the person has a substantial indirect interest in UK land if, at any time in the period of 2 years ending with the time of the disposal, the person has a 25% investment in the company.
- (2) But a person is not to be regarded as having a 25% investment in the company at times falling in the person's qualifying ownership period if, having regard to the length of that period, the times (taken as whole) constitute an insignificant proportion of that period.
- (3) The “*person's qualifying ownership period*” means the period throughout which the person has held an asset consisting of a right or an interest in the company, but excluding times that fall before the beginning of the 2 year period mentioned in sub-paragraph (1).
### Meaning of “25% investment”
##### 9
- (1) A person (“P”) has a 25% investment in a company (“C”) if—
- (a) P possesses or is entitled to acquire 25% or more of the voting power in C,
- (b) in the event of a disposal of the whole of the equity in C, P would receive 25% or more of the proceeds,
- (c) in the event that the income in respect of the equity in C were distributed among the equity holders in C, P would receive 25% or more of the amount so distributed, or
- (d) in the event of a winding-up of C or in any other circumstances, P would receive 25% or more of C's assets which would then be available for distribution among the equity holders in C in respect of the equity in C.
- (2) In this paragraph references to the equity in C are to—
- (a) the shares in C other than restricted preference shares, or
- (b) loans to C other than normal commercial loans.
- (3) For this purpose “*shares in C*” includes—
- (a) stock, and
- (b) any other interests of members in C.
- (4) For the purposes of this paragraph a person is an equity holder in C if the person possesses any of the equity in C.
- (5) For the purposes of this paragraph—
- “*normal commercial loan*” means a loan which is a normal commercial loan for the purposes of section 158(1)(b) or 159(4)(b) of CTA 2010, and
- “*restricted preference shares*” means shares which are restricted preference shares for the purposes of section 160 of CTA 2010.
- (6) In a case where C is a company which does not have share capital, in applying for the purposes of this paragraph the definitions of “normal commercial loan” and “restricted preference shares”—
- (a) sections 160(2) to (7) and 161 to 164 of CTA 2010, and
- (b) any other relevant provisions of that Act,
have effect with the necessary modifications.
- (7) In this paragraph references to a person receiving any proceeds, amount or assets include—
- (a) the direct or indirect receipt of the proceeds, amount or assets, and
- (b) the direct or indirect application of the proceeds, amount or assets for the person's benefit,
and it does not matter whether the receipt or application is at the time of the disposal, distribution, winding-up or other circumstances or at a later time.
- (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.
- (9A) Subsection (9) does not apply to a partial closure notice which does not relate to any matter to which the relevant notice relates.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, so far as relating to the matters to which the relevant notice relates, 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.
#### Indexation for section 104 holdings: capital gains tax.
#### Effect of share loss relief
##### 263E
- (a) there is a direct receipt or direct application of any proceeds, amount or assets by or for the benefit of a person (“A”), and
- (b) another person (“B”) directly or indirectly owns a percentage of the equity in A,
there is, for the purposes of sub-paragraph (7), an indirect receipt or indirect application of that percentage of the proceeds, amount or assets by or for the benefit of B.
- (9) For this purpose the percentage of the equity in A directly or indirectly owned by B is to be determined by applying the rules in sections 1155 to 1157 of CTA 2010 with such modifications (if any) as may be necessary.
- (10) Sub-paragraph (7) is not to result in a person being regarded as having a 25% investment in another person merely as a result of their being parties to a normal commercial loan.
- (11) Any reference in this paragraph, in the case of a person who is a member of a partnership, to the proceeds, amount or assets of the person includes the person's share of the proceeds, amount or assets of the partnership (apportioning those things between the partners on a just and reasonable basis).
### Attribution of rights and interests
##### 10
- (1) In determining for the purposes of paragraph 9 the investment that a person (“P”) has in a company, P is to be taken to have all of the rights and interests of any person connected with P.
- (2) A person is not to be regarded as connected with another person for the purposes of this paragraph merely as a result of their being parties to a loan that is a normal commercial loan for the purposes of paragraph 9.
- (3) Section 286 (connected persons: interpretation) has effect for the purposes of this paragraph—
- (a) as if, in subsection (2), for the words from “, or is a relative” to the end there were substituted “ or is a lineal ancestor or lineal descendant of the individual or of the individual's spouse or civil partner ”, and
- (b) as if subsections (4) and (8) were omitted.
## PART 4 — Anti-avoidance
##### 11
- (1) This paragraph applies if a person has entered into any arrangements the main purpose, or one of the main purposes, of which is to obtain a tax advantage for the person as a result (wholly or partly) of—
- (a) a provision of this Schedule applying or not applying, or
- (b) double taxation arrangements having effect despite a provision of this Schedule in a case where the advantage is contrary to the object and purpose of the double taxation arrangements.
- (2) The tax advantage is to be counteracted by the making of such adjustments as are just and reasonable.
- (3) The adjustments may be made (whether by an officer of Revenue and Customs or the person) by way of an assessment, the modification of an assessment, amendment or disallowance of a claim, or otherwise.
- (4) The counteraction has effect in a treaty shopping case regardless of section 6(1) of TIOPA 2010.
- (5) This paragraph applies by reference to—
- (a) arrangements entered into on or after 22 November 2017 in a treaty shopping case, and
- (b) arrangements entered into on or after 6 July 2018 in any other case.
- (6) In this paragraph—
- “arrangements” (except in the expression “*double taxation arrangements*”) includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*double taxation arrangements*” means arrangements that have effect under section 2(1) of TIOPA 2010,
- “*tax*” means capital gains tax or corporation tax,
- “*tax advantage*” includes—relief or increased relief from tax,repayment or increased repayment of tax,avoidance or reduction of a charge to tax or an assessment to tax,avoidance of a possible assessment to tax,deferral of a payment of tax or advancement of a repayment of tax, andavoidance of an obligation to deduct or account for tax, and
- “*treaty shopping case*” means a case where this paragraph applies as a result of sub-paragraph (1)(b).
## SCHEDULE 1B
### Meaning of “residential property gain”
##### 1
- (1) For the purposes of Chapter 1 of Part 1 “*residential property gain*” means so much of a chargeable gain accruing to a person on a disposal of residential property as, in accordance with paragraph 2, is attributable to that property.
- (2) The question whether or not a person disposes of residential property is determined in accordance with paragraphs 3 to 7.
### Attribution of gain to residential property
##### 2
- (1) The proportion of a chargeable gain attributable to residential property is equal to—
- (a) the relevant fraction of the gain, and
- (b) if there has been mixed use of the land to which the disposal relates on one or more days in the applicable period, the relevant fraction of the gain as adjusted, on a just and reasonable basis, to take account of the mixed use on the day or days.
- (2) The relevant fraction is A/B where—
- A is the number of days in the applicable period on which the land to which the disposal relates consists of or includes a dwelling, and
- B is the total number of days in the applicable period.
- (3) There is mixed use of land on any day on which the land consists of—
- (a) one or more dwellings, and
- (b) other land.
- (4) If the disposal is of an interest in land subsisting under a contract for the acquisition of land consisting of or including a building that is to be constructed or adapted for use as a dwelling, that land is taken to consist of or include a dwelling throughout the applicable period.
- (5) In this paragraph “*the applicable period*” means the period—
- (a) beginning with the day on which the person making the disposal acquired the interest in land being disposed of or, if later, the day from which the interest in land became chargeable, and
- (b) ending with the day before the day on which the disposal occurs.
- (6) For the purposes of this paragraph an interest in land became “chargeable”—
- (a) in any case where the disposal is of an interest in land in the United Kingdom—
- (i) by a person in a tax year in which the person is not UK resident, or
- (ii) by a person in the overseas part of a tax year which is, as respects the person, a split year,
from 6 April 2015, and
- (b) in any other case, from 31 March 1982.
- (7) If the interest in land disposed of by the person results from interests in land acquired by the person at different times, the person is regarded for the purposes of this paragraph as having acquired the interest disposed of at the time of the first acquisition.
### Disposing of residential property
##### 3
- (1) For the purposes of this Schedule a person “disposes of residential property” if the person disposes of an interest in land in a case where—
- (a) the land consisted of or included a dwelling at any time falling on or after the date on which the applicable period begins,
- (b) the interest in land subsisted for the benefit of land that consisted of or included a dwelling at any time falling on or after that date, or
- (c) the interest in land subsists under a contract for the acquisition of land consisting of or including a building that is to be constructed or adapted for use as a dwelling.
- (2) No account is to be taken for the purposes of this paragraph of any time falling on (or after) the day on which the disposal is made.
### Interest in land
##### 4
- (1) For the purposes of this Schedule an “*interest in land*” means—
- (a) an estate, interest, right or power in or over land, or
- (b) the benefit of an obligation, restriction or condition affecting the value of an estate, interest, right or power in or over land,
other than an excluded interest.
- (2) The following interests are “excluded interests”—
- (a) any interest or right held for securing the payment of money or the performance of any other obligation,
- (b) a licence to use or occupy land,
- (c) in relation to land in England and Wales or Northern Ireland, a tenancy at will or an advowson, franchise or manor, and
- (d) such other descriptions of interest or right in relation to land as may be specified in regulations made by the Treasury.
- (3) An interest or right is not within sub-paragraph (2)(a) if it is—
- (a) a rentcharge, or
- (b) in relation to land in Scotland, a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000.
- (4) The grant of an option by a person binding the person to dispose of an interest in land is (so far as it would not otherwise be the case) regarded as a disposal of an interest in land by the person for the purposes of this Schedule.
- (5) This does not affect the operation of section 144 in relation to the grant of the option (or otherwise).
- (6) In applying the domestic concepts of law mentioned in this paragraph to land outside the United Kingdom, this paragraph is to be read so as to produce the result most closely corresponding with that produced in relation to land in the United Kingdom.
- (7) In this paragraph—
- “*franchise*” means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls, and
- “*land*” includes—buildings and structures, andland under the sea or otherwise covered by water.
### Dwelling: basic meaning
##### 5
- (1) For the purposes of this Schedule a building is 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 use as a dwelling,
and, in each case, it is not an institutional building.
- (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) is taken to be part of the dwelling at that time.
- (3) A building is an institutional building if—
- (a) it is used as residential accommodation for school pupils,
- (b) it is used as residential accommodation for members of the armed forces,
- (c) it is used as a home or other institution providing residential accommodation for children,
- (d) it is used as a home or other institution providing residential accommodation with personal care for persons in need of personal care because of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder,
- (e) it is used as a hospital or hospice,
- (f) it is used as a prison or similar establishment,
- (g) it is used as a hotel or inn or similar establishment,
- (h) it is otherwise used, or suitable for use, as an institution that is the sole or main residence of its residents,
- (i) it falls within—
- (i) paragraph 4 of Schedule 14 to the Housing Act 2004 (buildings in England or Wales occupied by students and managed or controlled by educational establishment etc), or
- (ii) any provision having effect in Scotland or Northern Ireland that is designated by regulations made by the Treasury as provision corresponding to paragraph 4 of that Schedule, or
- (j) it qualifies in accordance with the next sub-paragraph as student accommodation.
- (4) A building qualifies as student accommodation in accordance with this sub-paragraph at any time if the time falls in a tax year in which—
- (a) the accommodation provided by the building includes at least 15 bedrooms,
- (b) the accommodation is purpose-built, or is converted, for occupation by students, and
- (c) the accommodation is occupied by students on at least 165 days.
- (5) Accommodation is to be regarded as occupied by persons as students if they occupy it wholly or mainly for undertaking a course of education (otherwise than as school pupils).
### Building temporarily unsuitable for use as a dwelling
##### 6
- (1) A building is treated for the purposes of paragraph 5 as continuing to be suitable for use as a dwelling at any time when it has become temporarily unsuitable for use as a dwelling.
- (2) There is an exception to this rule if—
- (a) the temporary unsuitability resulted from accidental damage to the building, and
- (b) the damage resulted in the building becoming unsuitable for use as a dwelling for a period of at least 90 consecutive days (“the 90 day period”).
- (3) This exception does not apply 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 at least 30 consecutive days.
- (4) If the exception applies, work done in the 90 day period to restore the building to suitability for use as a dwelling is not to count for the purposes of paragraph 5 as constructing or adapting the building for use as a dwelling.
- (5) For the purposes of this paragraph—
- (a) references to accidental damage include damage otherwise caused by events beyond the control of the person disposing of the interest in land,
- (b) references to alteration of a building include its partial demolition, and
- (c) the 90 day period does not include the day of the disposal (or later days).
- (6) For the purposes of this paragraph a building's unsuitability for use as a dwelling is not regarded as temporary if paragraph 7 applies (disposal of a building that has undergone works).
### Disposal of a building that has undergone works
##### 7
- (1) If—
- (a) a person disposes of an interest in land on which a building has been suitable for use as a dwelling, and
- (b) as a result of qualifying works, the building has, at or before the time of completion of the disposal, ceased to exist or become unsuitable for use as a dwelling,
the building is to be regarded for the purposes of paragraph 5 as unsuitable for use as a dwelling throughout the works period.
- (2) For the purposes of this paragraph works are “qualifying” works if—
- (a) any planning permission or development consent required for the works, or for any change of use with which they are associated, has been granted (whether before or after completion), and
- (b) the works have been carried out in accordance with the permission or consent.
- (3) In this paragraph “*the works period*” means—
- (a) the period when the works were in progress, and
- (b) such period (if any) ending immediately before the start of the works throughout which the building was, for reasons connected with the works, not used as dwelling.
- (4) If at any time when qualifying works are in progress—
- (a) the building was undergoing any other work, or put to any other use, in relation to which planning permission or development consent was required but has not (at any time) been granted, or
- (b) anything else was being done in contravention of a condition or requirement attached to a planning permission or development consent relating to the building,
the works period does not include that time.
- (5) If sub-paragraph (1) would have applied but for the fact that, at the completion of the disposal, the works are not qualifying works, the works are regarded as not affecting the building's suitability for use as a dwelling at any time before the disposal.
### Other definitions
##### 8
- (1) For the purposes of this Schedule a building is regarded as ceasing to exist from the time when either—
- (a) it has been demolished completely to ground level, or
- (b) it has been demolished to ground level except for a single facade (or a double facade if it is on a corner site) the retention of which is a condition or requirement of planning permission or development consent.
- (2) For the purposes of this Schedule the completion of the disposal of an interest in land is regarded as occurring—
- (a) at the time of the disposal, or
- (b) if the disposal is under a contract which is completed by a conveyance, transfer or other instrument, at the time when the instrument takes effect.
- (3) In this Schedule—
- “*building*” includes a part of a building,
- “*development consent*” means—in the case of land in the United Kingdom, development consent under the Planning Act 2008, andin the case of land outside the United Kingdom, consent corresponding to development consent under that Act, and
- “planning permission”—in the case of land in England or Wales, has the meaning given by section 336(1) of the Town and Country Planning Act 1990,in the case of land in Scotland, has the meaning given by section 227(1) of the Town and Country Planning (Scotland) Act 1997,in the case of land in Northern Ireland, has the meaning given by Article 2(2) of the Planning (Northern Ireland) Order 1991, andin the case of land outside the United Kingdom, means permission corresponding to any planning permission in relation to land anywhere in the United Kingdom.
### Power to modify meaning of “use as a dwelling”
##### 9
- (1) The Treasury may by regulations amend this Schedule for the purpose of clarifying or changing the cases where a building is, or is not, to be regarded as being used, or suitable for use, as a dwelling.
- (2) The provision that may be made by the regulations includes (for example) provision omitting or adding cases where a building is, or is not, to be regarded as being used, or suitable for use, as a dwelling.
### Regulations
##### 10
Regulations under any provision of this Schedule may make incidental, consequential, supplementary or transitional provision or savings.
## SCHEDULE 1C
### Introductory
##### 1
- (1) This Schedule provides for the application of section 1K (in some cases with modifications) in relation to the trustees of a settlement for a tax year.
- (2) The application of this Schedule depends on (among other things) whether or not—
- (a) a settlement is for the benefit of a disabled person, and
- (b) a settlement is a qualifying UK settlement.
- (3) For the definitions of those expressions, see paragraphs 3 and 7 respectively.
- (4) In this Schedule any reference to the application of section 1K in relation to an individual for a tax year is to its application in relation to an individual who is resident and domiciled in the United Kingdom for the year.
### Settlements for the benefit of disabled persons
##### 2
- (1) In the case of a settlement for the benefit of a disabled person for a tax year, section 1K applies in relation to the trustees of the settlement for the year as it applies in relation to an individual for the year.
- (2) This paragraph needs to be read with—
- (a) paragraph 6 (cases where settlement is a qualifying UK settlement comprised in a group), and
- (b) paragraph 8 (sub-fund settlements).
##### 3
- (1) A settlement is a “settlement for the benefit of a disabled person” for a tax year if, for the whole or part of that year, settled property is held on trusts which secure that, during the lifetime of a disabled person, the property and income tests are met.
- (2) The property test is met if any of the property which is applied for the benefit of a beneficiary is applied for the disabled person's benefit.
- (3) The income test is met if either—
- (a) the disabled person is entitled to all of the income (if any) arising from any of the property, or
- (b) if any income arising from any of the property is applied for the benefit of a beneficiary, it is applied for the disabled person's benefit.
- (4) A settlement is not prevented from being a settlement for the benefit of a disabled person for a tax year just because—
- (a) the trustees have power to apply amounts (of any nature) not exceeding the de minimis threshold for that year,
- (b) the trustees have the powers of advancement conferred by section 32 of the Trustee Act 1925 or section 33 of the Trustee Act (Northern Ireland) 1958,
- (c) the trustees have those powers but free from, or subject to a less restrictive limitation than, the limitation imposed by—
- (i) proviso (a) of section 32(1) of the Trustee Act 1925, or
- (ii) section 33(1)(a) of the Trustee Act (Northern Ireland) 1958, or
- (d) the trustees have powers to the same effect as the powers mentioned in paragraph (b) or (c).
- (5) For the purposes of sub-paragraph (4)(a) “*the de minimis threshold*” means—
- (a) £3,000, or
- (b) 3% of the maximum value of the settled property during the tax year,
whichever is the lower.
- (6) In this paragraph “*disabled person*” has the meaning given by Schedule 1A to the Finance Act 2005.
- (7) If the income from settled property is held for the benefit of a disabled person (“D”) on trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts), the reference in this paragraph to D's lifetime is to be read as a reference to the period during which the income is held on trust for D.
- (8) This paragraph applies for the purposes of this Schedule.
##### 4
- (1) The Treasury may by order—
- (a) specify circumstances in which paragraph 3(4)(a) is, or is not, to apply, and
- (b) amend the definition of “the de minimis threshold” in paragraph 3(5).
- (2) The order may—
- (a) make different provision for different purposes, and
- (b) contain transitional and saving provision.
- (3) A statutory instrument containing an order under this paragraph which reduces the annual exempt amount in any case may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Other settlements
##### 5
- (1) This paragraph applies if settlement is not a settlement for the benefit of a disabled person for a tax year.
- (2) Section 1K applies in relation to the trustees of the settlement for the year as it applies in relation to an individual for the year but as if the annual exempt amount for the year were one-half of the amount available for the individual for the year.
- (3) This paragraph needs to be read be with—
- (a) paragraph 6 (cases where settlement is qualifying UK settlement comprised in a group), and
- (b) paragraph 8 (sub-fund settlements).
### Special rules for qualifying UK settlements comprised in groups
##### 6
- (1) This paragraph reduces the annual exempt amount for trustees of a settlement for a tax year if the settlement is one of two or more qualifying UK settlements comprised in a group.
- (2) In the case of a settlement for the benefit of a disabled person for the year, the annual exempt amount for the year is to be reduced so that it is equal to—
- (a) one-tenth of an individual's amount for that year, or
- (b) the amount resulting from dividing the individual's amount for that year by the number of settlements in the group,
whichever is the greater.
- (3) In the case of any other settlement, the annual exempt amount for the year is to be reduced so that it is equal to—
- (a) one-tenth of an individual's amount for that year, or
- (b) the amount resulting from dividing half of an individual's amount for that year by the number of settlements in the group,
whichever is the greater.
- (4) In this paragraph “*an individual's amount*”, in relation to a tax year, means the annual exempt amount applying to an individual for the year under section 1K.
- (5) For the purposes of this paragraph all qualifying UK settlements in relation to which the same person is the settlor constitute a group.
- (6) If—
- (a) two or more persons are settlors in relation to a settlement, and
- (b) a settlement is consequently comprised in two or more groups comprising different numbers of settlement,
sub-paragraphs (2)(b) and (3)(b) have effect by reference to the largest group.
##### 7
- (1) In this Schedule “*qualifying UK settlement*”, in relation to a tax year, means any settlement in relation to which both of the following conditions are met—
- (a) the trustees of the settlement are resident in the United Kingdom during any part of the tax year, and
- (b) the property comprised in the settlement is not held for a charitable or pensions purpose.
- (2) Property comprised in a settlement is held for a charitable purpose if (and only if)—
- (a) it is held for charitable purposes only, and
- (b) it cannot become applicable for other purposes.
- (3) Property comprised in a settlement is held for a pensions purpose if (and only if) it is held for the purposes of—
- (a) a registered pension scheme,
- (b) a superannuation fund to which section 615(3) of the Taxes Act applies, or
- (c) an occupational pension scheme (within the meaning of section 150(5) of the Finance Act 2004) that is not a registered pension scheme.
- (4) For this purposes of any provision of this Schedule other than paragraph 8 a settlement is not a qualifying UK settlement if—
- (a) in the case of one for the benefit of a disabled person, it was made before 10 March 1981, or
- (b) in any other case, it was made before 6 June 1978.
### Special rules for principal settlements and sub-funds
##### 8
- (1) This paragraph—
- (a) applies if the trustees of a settlement (“the principal settlement”) have made an election under paragraph 1 of Schedule 4ZA the effect of which is that one or more other settlements (“sub-fund settlements”) are treated as created, and
- (b) provides for the annual exempt for the trustees of each of the affected settlements to be determined by reference to the assumed annual amount.
- (2) For this purposes of this paragraph—
- (a) the principal settlement and each of the sub-fund settlements is an “affected settlement”, and
- (b) the “*assumed annual amount*” means the amount which would be the annual exempt for the trustees of the principal settlement on the assumption that no election had been made under paragraph 1 of Schedule 4ZA.
- (3) The annual exempt amount for the trustees of each of the affected settlements is the assumed annual amount unless there are two or more qualifying UK settlements in the affected settlements.
- (4) In that case, the annual exempt amount for the trustees of each of the affected settlements is the assumed annual amount divided by the number of qualifying UK settlements in the affected settlements.
## SCHEDULE 4AA
## PART 1 — Introduction
##### 1
- (1) Part 2, 3 or 4 of this Schedule applies on the first occasion on which a person disposes of an asset that the person held on 5 April 2019 where—
- (a) the disposal is either a direct or indirect disposal of UK land, and
- (b) the disposal is made by a non-resident or a UK resident in the overseas part of a tax year.
- (2) See also paragraph 16 (non-UK resident company holding UK land becoming resident in UK after 5 April 2019).
- (3) For the purposes of this Schedule—
- (a) a disposal is a “direct disposal of UK land” if it is a disposal of an interest in UK land, and
- (b) a disposal by a person is an “indirect disposal of UK land” if it is a disposal of an asset (other than an interest in UK land) deriving at least 75% of its value from UK land where the person has a substantial indirect interest in that land.
- (4) For the purposes of this paragraph, the disposal is made by a non-resident or a UK resident in the overseas part of a tax year if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection,
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c),
- (c) a disposal on which a gain accrues that falls to be dealt with by section 2B(4), or
- (d) a disposal of an asset on which a gain does not accrue but which, had a gain accrued, would fall to be dealt with as mentioned in any of the preceding paragraphs of this sub-paragraph.
## PART 2 — Indirect disposals and direct disposals not chargeable before 6 April 2019
### Introduction
##### 2
- (1) This Part of this Schedule applies to—
- (a) all indirect disposals of UK land,
- (b) direct disposals of UK land that were not fully residential before 6 April 2019, and
- (c) direct disposals of UK land by persons who were not chargeable before 6 April 2019.
- (2) For the purposes of this paragraph a direct disposal of UK land made by a person was “not fully residential before 6 April 2019” if in the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 6 April 2015, and
- (b) ending with 5 April 2019,
there was no day on which the land to which the disposal relates consisted of or included a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time before 6 April 2019, consisted of or included a building to be constructed or adapted for use as a dwelling, the disposal is taken to be fully residential before that date.
- (4) For the purposes of this paragraph, a disposal is made by a person who was not chargeable before 6 April 2019 if, immediately before that date, the person was—
- (a) a company which was not a closely-held company (see sub-paragraph (5)),
- (b) a widely-marketed scheme (see sub-paragraph (6)), or
- (c) a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012) where the interest in UK land was, immediately before that date, held for the purpose of providing benefits to policyholders in the course of that business.
- (5) The question as to whether a company is “a closely-held company” is determined in accordance with Part 1 of Schedule C1; but if—
- (a) the company is a divided company within the meaning of section 14G, and
- (b) the company would not otherwise be regarded as a closely-held company,
the company is to be so regarded if the conditions in subsection (3) of that section are met.
- (6) A person is a “widely-marketed scheme” if—
- (a) the person is a scheme within the meaning of section 14F, and
- (b) condition A or B in that section is met,
reading the reference in subsection (8)(a) of that section to the non-resident CGT disposal as a reference to the disposal mentioned in paragraph 1(1).
- (7) In determining for the purposes of this paragraph whether or not—
- (a) a person is a closely-held company, or
- (b) a person is a widely-marketed scheme,
arrangements are to be ignored if the main purpose of, or one of the main purposes of, them is to secure a tax advantage as a result of the person not being a closely-held company or the person being a widely-marketed scheme.
- (8) In this paragraph—
- (a) “*arrangements*” and “*tax advantage*” have the same meaning as in section 16A, and
- (b) any reference to section 14F, 14G or Schedule C1 are to those provisions as they had effect on 5 April 2019 (before their repeal by Schedule 1 to the Finance Act 2019).
### Re-basing to 5 April 2019
##### 3
- (1) In calculating the gain or loss accruing on the disposal it is be assumed that the asset was on 5 April 2019 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) This paragraph has effect subject to any election made by the person under paragraph 4 (retrospective basis of calculation).
### Election for retrospective basis of calculation
##### 4
- (1) The person may make an election under this paragraph for the assumption that the asset is sold and reacquired as mentioned in paragraph 3 not to apply.
- (2) If, in the case of an indirect disposal of UK land—
- (a) a person makes an election under this paragraph, and
- (b) a loss accrues on the disposal,
the loss is not an allowable loss.
### Calculation of residential property gain if election made under paragraph 4
##### 5
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 4 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
## PART 3 — Direct disposals of Pre-April 2015 assets fully chargeable before 6 April 2019
### Introduction
##### 6
- (1) This Part of this Schedule applies to any direct disposal of UK land if—
- (a) the person held the interest in UK land being disposed of throughout the period beginning with 6 April 2015 and ending with the disposal, and
- (b) the disposal was fully residential before 6 April 2019.
- (2) For this purpose a direct disposal of UK land made by a person is “fully residential before 6 April 2019” if in the period—
- (a) beginning with 6 April 2015, and
- (b) ending with 5 April 2019,
every day on which the land to which the disposal relates consisted of a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time in that period, did not consist of a building to be constructed or adapted for use as a dwelling, the disposal is taken to be not fully residential before 6 April 2019.
- (4) This Part of this Schedule does not apply to a direct disposal of UK land made by a person who was not chargeable before 6 April 2019, as determined for the purposes of paragraph 2.
### Re-basing to 5 April 2015
##### 7
- (1) In calculating the gain or loss accruing on the disposal it is be assumed that the asset was on 5 April 2015 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) This paragraph has effect subject to any election made by the person under either—
- (a) paragraph 8 (retrospective basis of calculation), or
- (b) paragraph 9 (straight-line time apportionment),
(and an election may be made under only one of those paragraphs).
### Election for retrospective basis of calculation
##### 8
The person may make an election under this paragraph for the assumption that the asset is sold and reacquired as mentioned in paragraph 7 not to apply.
### Election for straight-line time apportionment
##### 9
- (1) The person may make an election under this paragraph—
- (a) for the assumption that the asset is sold and reacquired as mentioned in paragraph 7 not to apply, and
- (b) for the gain or loss accruing on the disposal to be apportioned so that only the post-5 April 2015 proportion of it is treated as accruing on the disposal.
- (2) The “post-5 April 2015 proportion” is the proportion that the days in the post-5 April 2015 period bear to the days in the ownership period.
- (3) For this purpose—
- “*the post-5 April 2015 period*” means the day beginning with 6 April 2015 and ending with the day on which the disposal is made, and
- “*the ownership period*” means the period beginning with the day on which the person acquired the interest disposed of or, if later, 31 March 1982 and ending with the day on which the disposal is made.
### Calculation of residential property gain if election made under paragraph 8 or 9
##### 10
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 8 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
##### 11
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 9 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with 6 April 2015, and
- (b) ending with the day before the day on which the disposal is made.
## PART 4 — Direct disposals of assets partly chargeable before 6 April 2019
### Introduction
##### 12
- (1) This Part of this Schedule applies to any direct disposal of UK land if—
- (a) neither Part 2 nor Part 3 of this Schedule applies to the disposal, and
- (b) the interest in UK land being disposed of was not a post-April 2015 asset that was fully residential before 6 April 2019.
- (2) For this purpose—
- (a) the interest in UK land being disposed of is a “post-April 2015 asset” if it was acquired by the person after 5 April 2015, and
- (b) the asset “was fully residential before 6 April 2019” if, in the period beginning with the day on which it was acquired and ending with 5 April 2019, every day on which the land to which the disposal relates consisted of a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time in that period, did not consist of a building to be constructed or adapted for use as a dwelling, the disposal is taken to be not fully residential before 6 April 2019.
### Re-basing to 5 April 2015 and 5 April 2019
##### 13
- (1) In calculating the gain or loss accruing on the disposal (“the actual disposal”) it is be assumed that—
- (a) the asset was on 5 April 2015 sold by the person, and immediately reacquired by the person, at its market value on that date (but see sub-paragraph (3)), and
- (b) in addition, the asset was on 5 April 2019 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) In the case of the assumed sale on 5 April 2019, the gain or loss accruing on that sale is treated as accruing on the actual disposal (in addition to the gain or loss that actually accrues on the actual disposal).
- (3) If the asset was acquired by the person after 5 April 2015, the assumption that it is sold, and immediately reacquired, on 5 April 2015 is not to apply.
- (4) This paragraph has effect subject to any election made by the person under paragraph 14 (retrospective basis of calculation).
### Election for retrospective basis of calculation
##### 14
The person may make an election under this paragraph for the assumptions that the asset is sold and reacquired as mentioned in paragraph 13 not to apply.
### Calculation of residential property gain if election made under paragraph 14
##### 15
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 14 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
## PART 5 — Miscellaneous
### Companies with UK land becoming UK resident after 5 April 2019
##### 16
- (1) This paragraph applies in any case where—
- (a) a company becomes resident in the United Kingdom after 5 April 2019,
- (b) the company makes a direct or indirect disposal of UK land after that date, and
- (c) (ignoring this paragraph) Part 2, 3 or 4 of this Schedule would have applied to the disposal but for the fact that it is made at a time when the company is resident in the United Kingdom.
- (2) In that case, Part 2, 3 or 4 of this Schedule applies in relation to the disposal (regardless of paragraph 1(1)(b)).
### Persons with UK land ceasing to be UK resident after 5 April 2019
##### 17
- (1) This paragraph applies in any case where—
- (a) the trustees of a settlement cease to be resident in the United Kingdom after 5 April 2019,
- (b) after that date the trustees dispose of an asset held by them on that date, and
- (c) the disposal is a direct or indirect disposal of UK land.
- (2) Nothing in Part 2, 3 or 4 of this Schedule applies to the disposal.
- (3) The asset that is disposed of is excepted from the application of section 80(2) (deemed disposal of assets on trustees ceasing to be resident in UK).
##### 18
- (1) This paragraph applies in any case where—
- (a) a company ceases to be resident in the United Kingdom after 5 April 2019,
- (b) after that date the company disposes of an asset held by it on that date, and
- (c) the disposal is a direct or indirect disposal of UK land.
- (2) Nothing in Part 2, 3 or 4 of this Schedule applies to the disposal.
- (3) The asset that is disposed of is excepted from the application of section 185(2) and (3) (deemed disposal of assets on company ceasing to be resident in UK).
### Wasting assets
##### 19
- (1) This paragraph applies if, in calculating a gain or loss accruing to a person in a case where paragraph 3, 7 or 13 is applicable, it is necessary to make a wasting asset determination in relation to the asset disposed of.
- (2) The assumption that the asset was acquired on a date mentioned in paragraph 3, 7 or 13 (as the case may be) is to be ignored in making that determination.
- (3) In this paragraph “*a wasting asset determination*” means a determination whether or not an asset is a wasting asset, as defined for the purposes of Chapter 2 of Part 2 of this Act.
### Capital allowances
##### 20
- (1) This paragraph applies if, in calculating a gain or loss accruing to a person in a case where paragraph 3, 7 or 13 is applicable, it is to be assumed that the asset disposed of was acquired on a particular date for a consideration equal to its market value on that date.
- (2) For the purposes of that calculation—
- (a) section 41 (restriction of losses by reference to capital allowances and renewals allowances), and
- (b) section 47 (wasting assets qualifying for capital allowances),
are to apply in relation to any allowance made in respect of the expenditure actually incurred in acquiring or providing the asset as if it were made in respect of the expenditure assumed to have been incurred.
- (3) In this paragraph “*allowance*” means any capital allowance or renewals allowance.
### Making of elections
##### 21
- (1) An election under any provision of this Schedule must (regardless of section 42(2) of the Management Act) be made by being included in a relevant return relating to the disposal.
- (2) For the purposes of this paragraph a “*relevant return*” means—
- (a) an ordinary tax return, or
- (b) a return under Schedule 2 to the Finance Act 2019.
- (3) An election under any provision of this Schedule which is made by being included in a return under Schedule 2 to the Finance Act 2019 may be subsequently revoked by provision included in an ordinary tax return which is delivered on or before the filing date for the ordinary tax return.
- (4) Subject to that, an election under any provision of this Schedule is irrevocable.
- (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 under any provision of this Schedule.
- (6) For the purposes of this paragraph, in the case of a person other than a company—
- “*ordinary tax return*” means a return under section 8 or 8A of the Management Act, and
- “*the filing date*”, in relation to that return, has the meaning given by section 9A(6) of that Act.
- (7) For the purposes of this paragraph, in the case of a company—
- “*ordinary tax return*” means a company tax return under Schedule 18 to the Finance Act 1998, and
- “*the filing date*”, in relation to that return, has the meaning given by paragraph 14 of that Schedule.
- (8) For the purposes of this paragraph—
- (a) the reference to an election being included in a relevant return includes its being included as a result of an amendment of the return, and
- (b) the reference to the revocation of an election being included in an ordinary tax return includes its being included as a result of an amendment of the return.
### Interpretation
##### 22
- (1) In this Schedule—
- (a) any reference to an interest in UK land is to be read in accordance with section 1C (and any reference to land is to be read in accordance with that section), and
- (b) any reference to an asset (other than an interest in UK land) deriving at least 75% of its value from UK land where a person has a substantial indirect interest in that land is to be read in accordance with Schedule 1A.
- (2) If an interest in UK land disposed of by a person results from interests in UK land acquired by the person at different times, the person is regarded for the purposes of this Schedule as having acquired the interest disposed of at the time of the first acquisition.
- (3) For the purposes of this Schedule, whether a building is a dwelling is determined in accordance with Schedule 1B.
## SCHEDULE 5AAA
## PART 1 — Introduction: key expressions
### Meaning of “collective investment vehicle”, “participant” and “unit”
##### 1
- (1) In this Schedule “*collective investment vehicle*” means—
- (a) a collective investment scheme,
- (b) an AIF,
- (c) a company which is a UK REIT, or
- (d) a company which is resident outside the United Kingdom and meets the property income condition.
- (2) A company meets the property income condition if—
- (a) it is not a close company or is a close company but only because it has a qualifying investor as a direct or indirect participator,
- (b) at least half of its income is property income from long-term investments,
- (c) it distributes all, or substantially all, of its property income from long-term investments and does so on an annual basis, and
- (d) it is not liable to tax on that income under the law of any territory in which it is resident.
- (3) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (2)(a).
- (4) For the purposes of sub-paragraph (2) “*property income from long-term investments*” means income deriving from direct or indirect investments in—
- (a) land, or
- (b) estates, interests or rights in or over land,
which are made on a long-term basis.
- (5) In this Schedule “*participant*” means—
- (a) in relation to a collective investment scheme or an AIF, a person who takes part in the arrangements or undertaking constituting the scheme or AIF, whether by becoming the owner of, or of any part of, the property that is the subject of or held by the arrangements or undertaking or otherwise, or
- (b) in relation to a company within (1)(c) or (d), a shareholder in the company.
- (6) In this Schedule “*unit*” means—
- (a) in the case of a collective investment scheme or an AIF, the rights or interests (however described) of the participant in the scheme or AIF, or
- (b) in the case of a company within (1)(c) or (d), a share in the company.
- (7) In this paragraph—
- “*AIF*” has the meaning given by regulation 3 of the Alternative Investment Fund Managers Regulations 2013, and
- “*UK REIT*” has the same meaning as in Part 12 of CTA 2010.
### Meaning of “offshore collective investment vehicle”
##### 2
- (1) In this Schedule “*offshore collective investment vehicle*” means—
- (a) a collective investment vehicle constituted as a body corporate resident outside the United Kingdom,
- (b) a collective investment vehicle under which property is held on trust for the participants where the trustees of the property are not resident in the United Kingdom, or
- (c) a collective investment vehicle constituted by other arrangements that create rights in the nature of co-ownership where the arrangements take effect as a result of the law of a territory outside the United Kingdom.
- (2) In this paragraph—
- “*body corporate*” does not include a limited liability partnership, and
- “co-ownership” is not restricted to the meaning of that term in the law of any part of the United Kingdom.
### Meaning of a collective investment vehicle being “UK property rich” etc
##### 3
- (1) For the purposes of this Schedule the question whether a collective investment vehicle is “UK property rich” at any time is determined by applying the rules in Part 2 of Schedule 1A on the following assumptions.
- (2) The assumptions are—
- (a) that (so far as this would not otherwise be the case) the vehicle were a company, and
- (b) that a disposal were made at that time of a right or interest in that company.
- (3) If that disposal would be regarded for the purposes of Schedule 1A as a disposal of an asset deriving at least 75% of its value from UK land, the vehicle is regarded for the purposes of this Schedule as being UK property rich at that time.
- (4) For the purposes of this Schedule the question whether a company is “UK property rich” at any time is determined by applying the rules in Part 2 of Schedule 1A on the assumption that a disposal were made at that time of a right or interest in the company.
- (5) If that disposal would be regarded for the purposes of Schedule 1A as a disposal of an asset deriving at least 75% of its value from UK land, the company is regarded for the purposes of this Schedule as being UK property rich at that time.
## PART 2 — Basic rules
### Application of Act to offshore CIV
##### 4
- (1) This paragraph applies to an offshore collective investment vehicle—
- (a) which is not a company, and
- (b) which is not constituted by two or more persons carrying on a trade or business in partnership.
- (2) It is to be assumed that, for relevant purposes—
- (a) the vehicle is a company, and
- (b) the rights of the participants are shares in that company.
- (3) The reference here to “*relevant purposes*” means—
- (a) the purposes of this Schedule, and
- (b) the purpose of applying section 1A(3)(b) or (c) or 2B(4) (and the other provisions of this or any other Act so far as relevant to their application) in relation to the vehicle.
- (4) This paragraph does not apply to a collective investment vehicle in relation to which an election has effect under Part 3 of this Schedule (election for transparency).
- (5) This paragraph applies in relation to a collective investment vehicle to which section 103D applies (tax transparent funds) but does not affect the operation of the rules set out in—
- (a) section 103D(4) to (9) (calculation of gains on disposal of units etc), or
- (b) section 103DA (share pooling etc).
- (6) If this paragraph applies in relation to a collective investment vehicle, section 99 (application of Act to unit trust schemes) does not apply in relation to the scheme.
### Units in a CoACS treated as shares in a company
##### 5
- (1) This paragraph applies to a unit in an authorised contractual scheme which is a co-ownership scheme where, as a result of the application of section 103D (application of Act to tax transparent funds), the unit is treated as an asset for the purposes of this Act.
- (2) The asset is treated for the purposes of Schedule 1A as if it were a share in a company.
### Disposals by non-UK residents
##### 6
- (1) This paragraph applies if—
- (a) a person disposes of an asset that derives at least 75% of its value from UK land (as determined in accordance with Part 2 of Schedule 1A), and
- (b) the disposal has an appropriate connection to a collective investment vehicle (see sub-paragraphs (3) to (6) for the cases in which this test is met).
- (2) For the purposes of section 1A(3)(c) or 2B(4)(b) (disposals by non-UK residents of assets deriving 75% of value from UK land etc), the person is treated as having a substantial indirect interest in the UK land at the time of the disposal.
- (3) A disposal has an appropriate connection to a collective investment vehicle if the asset disposed of consists of a right or interest in—
- (a) a collective investment vehicle, or
- (b) a company at least half of whose market value derives from its being a direct or indirect participant in one or more collective investment vehicles.
- (4) A disposal has an appropriate connection to a collective investment vehicle if—
- (a) the vehicle is constituted by two or more persons carrying on a trade or business in partnership, and
- (b) the disposal is made by a person as a participant in the vehicle.
- (5) A disposal has an appropriate connection to a collective investment vehicle if the vehicle is a company and the disposal is made by it.
- (6) A disposal has an appropriate connection to a collective investment vehicle if—
- (a) a company (which is not the vehicle) makes the disposal, and
- (b) the vehicle, and one or more other collective investment vehicles that are UK property rich, have a 50% investment in the company.
- (7) Collective investment vehicles have a 50% investment in a company if, applying the rule in paragraph 9 (but without regard to paragraph 10) of Schedule 1A as if references to 25% were references to 50%, the vehicles would be regarded as having a 50% investment in the company at the time of the disposal.
- (8) For this purpose the collective investment schemes are to be regarded as if they were a single person.
- (9) This paragraph is subject to paragraph 7 (collective investment vehicles expected to have no more than 40% investments in UK land).
##### 7
- (1) This paragraph applies to a disposal which would otherwise have an appropriate connection to a collective investment vehicle as a result of paragraph 6(3), (5) or (6).
- (2) A disposal does not have an appropriate connection to a collective investment vehicle if, at the time of the disposal, the vehicle mentioned in paragraph 6(3)(a) or (5) or (6), or each of the vehicles mentioned in paragraph 6(3)(b), meets—
- (a) the non-UK real estate condition, and
- (b) the genuine diversity of ownership condition or, if the vehicle is a company, the non-close condition.
- (3) If—
- (a) a disposal is made as mentioned in paragraph 6(6), and
- (b) the vehicle mentioned there is constituted by two or more persons carrying on a trade or business in partnership,
the condition in sub-paragraph (2)(b) is taken to be met if the company mentioned in paragraph 6(6) meets the non-close condition.
- (4) A vehicle meets the non-UK real estate condition at any time if, by reference to the prospectus for the vehicle as the prospectus has effect at that time, no more than 40% of the expected market value of the vehicle's investments is intended to derive from investments consisting of—
- (a) interests in UK land, or
- (b) rights or interests in companies which are UK property rich.
- (5) A vehicle meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment vehicle which is not an offshore fund were regarded as an offshore fund.
- (6) A company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator.
- (7) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (6).
## PART 3 — Election for transparency
### Election for collective investment vehicle to be treated as partnership
##### 8
- (1) This paragraph applies to an offshore collective investment vehicle—
- (a) which is UK property rich, and
- (b) which is transparent for income tax purposes otherwise than as a result of being constituted by two or more persons carrying on a trade or business in partnership.
- (2) The manager of the vehicle may make an election for the vehicle to be treated for the purposes of—
- (a) this Act, and
- (b) the Management Act, and any other provision of the Corporation Tax Acts, so far as relating to the taxation of chargeable gains,
as if, in relation to all times on and after its constitution, it were to be regarded as a partnership.
- (3) Accordingly, as a result of sub-paragraph (2)(b), it follows that, in applying rules such as section 1154 of CTA 2010 (meaning of “75% subsidiary” etc) for the purposes of Part 12 of that Act (Real Estate Investment Trusts) so far as relating to the taxation of chargeable gains, the vehicle is to be regarded as a partnership.
- (4) In the case of section 12AA of the Management Act as it applies as a result of sub-paragraph (2), a notice under subsection (2) or (3) of that section may be given to the manager of the vehicle.
- (5) The election has effect whether or not the vehicle would, but for the making of the election, be regarded as a person chargeable to capital gains tax or corporation tax on chargeable gains.
- (6) For the purposes of this paragraph whether or not an offshore collective investment vehicle is regarded as being UK property rich may be determined by reference to the prospectus for the vehicle on the assumption that investments are made by the vehicle in accordance with the prospectus.
- (7) For the purposes of this paragraph a collective investment vehicle is “transparent for income tax purposes” if, on the assumption that there are participants who are individuals resident in the United Kingdom, any sums which form part of the income of the vehicle—
- (a) would be chargeable to income tax on those assumed participants under a provision specified in section 830(2) of ITTOIA 2005 in respect of such of those sums as would be referable to their interests, or
- (b) if any of that income is derived from assets within the United Kingdom, would be so chargeable had the assets been outside the United Kingdom.
- (8) If an election is made under this paragraph in relation to a collective investment vehicle—
- (a) section 99 (application of Act to unit trust schemes) does not apply in relation to the vehicle, and
- (b) section 103D (tax transparent funds) does not apply in relation to the vehicle.
### Further provision about election
##### 9
- (1) An election under paragraph 8 in relation to an offshore collective investment vehicle—
- (a) has effect only if the participants in the vehicle at the time at which it is made have consented to the making of the election,
- (b) must be made by notice given to an officer of Revenue and Customs, and
- (c) must be made before the end of the period of 12 months beginning with the relevant acquisition date.
- (2) For this purpose “*the relevant acquisition date*” means the earliest date on which—
- (a) an interest in UK land, or
- (b) a right or interest in a company that is UK property rich,
forms part of the property that is the subject of or held by the vehicle.
- (3) An election under paragraph 8 is irrevocable.
### Units in CIVs held by life insurance companies
##### 10
- (1) This paragraph applies if an election under paragraph 8 has effect in relation to an offshore collective investment vehicle.
- (2) The election is treated as having no effect for the purposes of this Act in relation to any units in the vehicle which are held by an insurance company for the purposes of its long-term business.
### Relationship to re-basing rules under Schedule 4AA for non-UK residents
##### 11
- (1) This paragraph applies if—
- (a) an election under paragraph 8 has effect in relation to an offshore collective investment vehicle, and
- (b) as a result of the election, Part 3 or 4 of Schedule 4AA would (but for this paragraph) apply in relation to a disposal made by a participant in the vehicle.
- (2) The disposal is to be regarded for the purposes of Schedule 4AA as if it were one to which Part 2 of that Schedule applies.
## PART 4 — Exemption
### Exemption for qualifying offshore CIV that is UK property rich etc
##### 12
- (1) An election may be made for a collective investment vehicle, or a company which is not a collective investment vehicle, to be exempt from corporation tax on chargeable gains accruing to it on—
- (a) all direct disposals of UK land, and
- (b) all indirect disposals of UK land.
- (2) An election may be made in respect of a collective investment vehicle if each of the following entitlement conditions is met—
- (a) the vehicle is offshore,
- (b) the vehicle is a company (whether as a result of paragraph 4 or otherwise),
- (c) the vehicle is UK property rich,
- (d) the vehicle meets all of the qualifying conditions set out in paragraph 13, and
- (e) if the vehicle is an AIF, it would also meet the definition of a collective investment vehicle for another reason.
- (3) An election may be made in respect of a company which is not a collective investment vehicle if each of the following entitlement conditions is met—
- (a) the company is wholly (or almost wholly) owned by a collective investment scheme which is constituted by two or more persons carrying on a trade or business in partnership or is constituted by a CoACS,
- (b) the appropriate entity is UK property rich, and
- (c) the company meets all of the qualifying conditions set out in paragraph 13,
and it does not matter where the company is resident.
- (4) In sub-paragraph (3)(b) the “*appropriate entity*” means—
- (a) in a case where the collective investment scheme is constituted by two or more persons carrying on a trade or business in partnership, the company, and
- (b) in a case where the collective investment scheme is constituted by a CoACS, the CoACS.
- (5) If an election is made under this paragraph in respect of a collective investment vehicle—
- (a) the vehicle is referred to in this Part of this Schedule as “*a qualifying fund*”, and
- (b) any reference in this Part of this Schedule to a qualifying fund, in relation to any time after the election is made (including any time after the election ceases to have effect), is to be read as a reference to the arrangements, undertaking or company which met the definition of collective investment vehicle when the election was made.
- (6) If an election is made under this paragraph in respect of a company which is not a collective investment vehicle—
- (a) the company is referred to in this Part of this Schedule as “*a qualifying company*”, and
- (b) any reference in this Part of this Schedule to a qualifying company, in relation to any time after the election is made (including any time after the election ceases to have effect), is to be read as a reference to the company.
- (7) Section 103D (application of Act to tax transparent funds) does not apply for the purpose of determining whether sub-paragraph (3)(a) applies.
- (8) In this paragraph—
- “*AIF*” has the meaning given by regulation 3 of the Alternative Investment Fund Managers Regulations 2013, and
- “*CoACS*” means an authorised contractual scheme which is a co-ownership scheme.
### Qualifying conditions and information provided to HMRC
##### 13
- (1) For the purposes of paragraph 12(2), a collective investment vehicle meets the qualifying conditions in this paragraph at any time if, at that time—
- (a) it is a collective investment scheme and it meets the genuine diversity of ownership condition,
- (b) it is a company (otherwise than as a result of paragraph 4) and it meets the recognised stock exchange condition and the non-close condition, or
- (c) it is a collective investment vehicle (of any kind) and it meets the UK tax condition and the non-close condition.
- (2) For the purposes of paragraph 12(3), a company which is not a collective investment vehicle meets the qualifying conditions in this paragraph at any time if, at that time, either—
- (a) the company meets the UK tax condition and the non-close condition, or
- (b) the collective investment scheme which wholly (or almost wholly) owns the company meets the genuine diversity of ownership condition.
- (3) For the purposes of this paragraph a collective investment scheme meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment scheme which is not an offshore fund were regarded as an offshore fund.
- (4) For the purposes of this paragraph a company meets the recognised stock exchange condition at any time if, at that time—
- (a) it has ordinary share capital, and
- (b) the shares forming part of its ordinary share capital are regularly traded on a recognised stock exchange.
- (5) For the purposes of this paragraph a company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator.
- (6) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (5).
- (7) For the purposes of this paragraph a company meets the UK tax condition at any time if, on the assumption that all of the shares in it were disposed of for their market value at that time, the person making the election reasonably considers at that time that, as a result solely of double taxation arrangements, no more than 25% of the total proceeds would fall to be left out of account for the purposes of this Act.
##### 14
- (1) An election under paragraph 12 has effect only if it is accompanied by information of such description as may be specified by an officer of Revenue and Customs about disposals made by participants in the relevant fund at any time in—
- (a) the period of two years ending with the day before the day on which the election is made, or
- (b) if shorter, the period beginning with the constitution of the relevant fund and ending with the day before the day on which the election is made.
- (2) Information is not required by sub-paragraph (1) to accompany the election so far as—
- (a) it has already been provided to an officer of Revenue and Customs in a form and manner, and at times, specified by an officer of Revenue and Customs, and
- (b) the election sets out those occasions on which the information has been so provided.
##### 15
- (1) An election under paragraph 12 has effect subject to such conditions as to the provision of information or documents to an officer of Revenue and Customs as may be specified by an officer of Revenue and Customs.
- (2) The information or documents must be provided to an officer of Revenue and Customs in respect of every period of account of the relevant fund which ends at a time when the election has effect.
- (3) The information or documents must be provided to an officer of Revenue and Customs within the period of 12 months from the end of the period of account.
- (4) The conditions as to the provision of information or documents may include—
- (a) conditions relating to the participants in the relevant fund, and
- (b) conditions requiring information or documents in respect of the operation of any provision of this Schedule (or any provision of this Act relevant to this Schedule).
- (5) In the case of an election under paragraph 12—
- (a) a designated HMRC officer may revoke the election if, in the officer's opinion, there has been, without reasonable excuse, a breach of any provision made by or under this paragraph, but
- (b) an officer of Revenue and Customs (whether or not designated) may waive a breach of any provision made by or under this paragraph if, in the officer's opinion, there is no reasonable excuse for the breach but, having regard to all the circumstances, the breach is nonetheless insignificant.
- (6) The circumstances to which the officer may have regard in determining whether a breach is insignificant include the number and seriousness of previous breaches.
- (7) In this paragraph “*period of account*”, in relation to the relevant fund, means any period for which accounts of the relevant fund are drawn up.
- (8) If the period of account would otherwise be longer than 12 months, the period of account is to be treated for the purposes of this paragraph as split into more than one period of account, and—
- (a) the first deemed period of account is to be 12 months long, and
- (b) any subsequent deemed period of account is to start when the previous deemed period of account ends and is to end 12 months later or, if earlier, when the actual period of account ends.
### Exemption for direct or indirect disposals of UK land by persons in which fund invests
##### 16
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q is UK property rich by reference (wholly or partly) to particular interests in UK land (“the relevant UK property”), and
- (c) a person other than Q makes a disposal at a time when the election has effect.
- (2) If—
- (a) the disposal is a direct disposal of any of the relevant UK property by a person, and
- (b) immediately before the disposal, Q has a 40% investment in the person,
the appropriate proportion of any gain accruing to the person on the disposal is not a chargeable gain.
- (3) If the disposal is an indirect disposal of UK land in a case where—
- (a) the interests in UK land in question consist of or include any of the relevant UK property, and
- (b) immediately before the disposal, Q has a 40% investment in the company in question,
the appropriate proportion of any gain accruing to the person on the disposal is not a chargeable gain.
- (4) For the purposes of this paragraph the “*appropriate proportion*” means the proportion that so much of the consideration for the disposal as forms part (directly or indirectly) of the assets of Q bears to the total consideration for the disposal.
- (5) For the purposes of this paragraph a person has a 40% investment in a company if, applying the rule in paragraph 9 (but without regard to paragraph 10) of Schedule 1A as if references to 25% were references to 40%, the person would be regarded as having a 40% investment in the company immediately before the disposal.
- (6) In this paragraph—
- “*the interests in UK land in question*” means the interests in UK land taken into account in determining whether the disposal is an indirect disposal of UK land, and
- “*the company in question*”, in relation to a disposal of a right or interest in a company by the person, means that company.
- (7) If an officer of Revenue and Customs considers that the operation of this paragraph would otherwise result in the total proportion of a gain that is not a chargeable gain exceeding the whole of the gain, the officer may make such adjustments to the appropriate proportion of a gain accruing to any person as the officer considers just and reasonable to prevent that result.
### Making of election and period for which it has effect
##### 17
- (1) An election under paragraph 12—
- (a) must be made by the relevant fund manager, and
- (b) must be made by notice given to an officer of Revenue and Customs.
- (2) An election under paragraph 12 must specify the day from which it is to have effect.
- (3) The election has effect in relation to disposals on or after the day specified in the election.
- (4) A day may be specified in the election even if it falls before the day on which the election is made.
- (5) But a day that falls more than 12 months before the day on which the election is made may be specified only if an officer of Revenue and Customs consents.
- (6) For this purpose—
- (a) consent may be given generally (for example, by describing, in a notice published by an officer of Revenue and Customs, cases in which consent is deemed to be given), or
- (b) consent may be given in relation to particular cases.
### Revocation of election
##### 18
- (1) In addition to the case set out in paragraph 15(5)(a), a designated HMRC officer may revoke an election under paragraph 12 if, in order to safeguard the public revenue, the officer considers it is appropriate to revoke the election.
- (2) In the case of an election under paragraph 12 which is revoked by a designated HMRC officer (whether under this paragraph or paragraph 15), the revocation must be made by notice given by a designated HMRC officer to the relevant fund manager.
- (3) The relevant fund manager may revoke an election under paragraph 12 by giving notice of the revocation to an officer of Revenue and Customs.
- (4) A notice of revocation of an election under paragraph 12 must specify the day from which the election is to cease to have effect.
- (5) The election ceases to have effect in relation to disposals made on or after the day specified in the notice of revocation.
- (6) The relevant fund manager may specify a day in a notice of revocation even if the day falls before the day on which the notice is given but only if an officer of Revenue and Customs consent.
- (7) For this purpose—
- (a) consent may be given generally (for example, by describing, in a notice published by an officer of Revenue and Customs, cases in which consent is deemed to be given), or
- (b) consent may be given in relation to particular cases.
##### 19
- (1) A notice of revocation given by a designated HMRC officer under paragraph 15 or 18 must state the grounds for revoking the election under paragraph 12.
- (2) The relevant fund manager may bring an appeal against the revocation of the election.
- (3) The appeal must be made by notice given to the designated HMRC officer during the period of 30 days beginning with the day on which the notice of revocation is given.
- (4) In the case of an appeal which is notified to the tribunal (see Part 5 of the Management Act), the tribunal must not allow the appeal unless it considers that a designated HMRC officer could not reasonably have been satisfied that there were grounds for revoking the election.
### Qualifying fund or company ceasing to meet applicable exemption conditions
##### 20
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made at any time in respect of a qualifying fund or qualifying company, and
- (b) at any subsequent time, the qualifying fund or qualifying company ceases to meet the applicable exemption conditions.
- (2) The election ceases to have effect from that subsequent time in relation to disposals made at or after that time.
- (3) This paragraph needs to be read with—
- (a) paragraph 27 (temporary period of no more than 30 days during which certain of applicable exemption conditions not met),
- (b) paragraph 28 (temporary period of no more than 9 months during which applicable exemption conditions not met), and
- (c) paragraph 30 (steps taken by relevant fund manager to wind up relevant fund).
### Deemed disposal: payments not otherwise taxable where value derived from direct or indirect disposals of UK land
##### 21
- (1) This paragraph applies if—
- (a) an election under paragraph 12 that has been made in respect of a qualifying fund or qualifying company has effect at any time,
- (b) a participant in the relevant fund is entitled to receive an amount at that time (“*the relevant time*”) which represents, in substance, value derived (directly or indirectly) from a direct disposal of UK land or from the UK land component of an indirect disposal of UK land, and
- (c) the amount is regarded as being of a revenue nature and does not fall to be taken into account for the purposes of income tax or corporation tax on income.
- (2) In the case of an election made in respect of a qualifying fund, the participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its units in the relevant fund immediately before the relevant time at their market value immediately before that time, and
- (b) to have reacquired those units immediately after the relevant time at their market value immediately after that time.
- (3) In the case of an election made in respect of a qualifying company, the participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its rights and interests in the company immediately before the relevant time at their market value immediately before that time, and
- (b) to have reacquired those rights and interests immediately after the relevant time at their market value immediately after that time.
- (4) In this paragraph “the UK land component” of an indirect disposal of UK land means the interests in UK land taken into account in determining whether the disposal is an indirect disposal of UK land.
### Deemed disposal if election ceases to have effect
##### 22
- (1) This paragraph applies if at any time an election which has been made under paragraph 12 in respect of a qualifying fund or qualifying company ceases to have effect.
- (2) In the case of an election made in respect of a qualifying fund, each participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its units in the relevant fund immediately before that time, and
- (b) to have immediately reacquired those rights and interests,
at their market value immediately before that time.
- (3) In the case of an election made in respect of a qualifying company, each participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its rights and interests in the company immediately before that time, and
- (b) to have immediately reacquired those rights and interests,
at their market value immediately before that time.
### Gains accruing on disposals under paragraph 21 or 22
##### 23
- (1) This paragraph applies if a disposal of an asset is deemed to have been made by a person at any time under—
- (a) paragraph 21, or
- (b) paragraph 22 but only as a result of paragraph 20 (qualifying fund or qualifying company ceasing to meet the applicable exemption conditions).
- (2) Any gain (“the deemed gain”) accruing to the person on the disposal is treated as accruing to the person in accordance with the rules set out in the remainder of this paragraph.
- (3) If, at the time of the deemed disposal or a subsequent time—
- (a) the person actually disposes of a unit in the relevant fund, or
- (b) the person receives an amount of a kind mentioned in paragraph 21(1),
the appropriate portion of the deemed gain is treated as accruing to the person at the time of the actual disposal or the time of the receipt.
- (4) For this purpose “*the appropriate portion*” means the proportion which—
- (a) the consideration for the actual disposal, or
- (b) the amount of the receipt,
bears to the amount of the deemed gain.
- (5) If some of the deemed gain has accrued on one or more previous occasions, the appropriate portion is restricted so that, when added to the appropriate portion or portions on the previous occasion or occasions, it does not exceed 100%.
- (6) In determining the appropriate proportion, so much (if any) of the consideration for the actual disposal or the amount of the receipt as exceeds the amount of the deemed gain is to be ignored.
- (7) In the case of a disposal under paragraph 21, the remainder of the deemed gain is treated as accruing to the person (unless the whole amount has already accrued) when the relevant fund is wound up.
- (8) In the case of a disposal under paragraph 22, the remainder of the deemed gain is treated as accruing to the person (unless the whole amount has already accrued) at—
- (a) the end of the period of three years beginning with the time of the deemed disposal, or
- (b) if earlier, when the relevant fund is wound up.
### Relief for expenses in the case of deemed disposals under paragraph 21 or 22
##### 24
- (1) This paragraph applies if a disposal is deemed to have been made by a person as a result of paragraph 21 or 22.
- (2) The person is treated for the purposes of section 38(1)(c) as having incurred incidental costs of making the deemed disposal equal to the notional costs.
- (3) The reference here to the notional costs is to the incidental costs —
- (a) which the person would reasonably have expected to have incurred if the deemed sale under paragraph 21 or 22 had been an actual sale, and
- (b) which would have been allowable under section 38(1)(c) if there had been an actual sale.
### Notification to participants in relation to deemed disposals under paragraph 21 or 22
##### 25
- (1) This paragraph applies if—
- (a) a disposal is deemed to have been made by a person under paragraph 21,
- (b) a disposal is deemed to have been made by a person under paragraph 22 as a result of the revocation of an election, or
- (c) an amount is treated as accruing to a person under paragraph 23(7) or (8).
- (2) The relevant fund manager must notify the person of the matters mentioned in sub-paragraph (1)(a), (b) or (c).
- (3) The notification—
- (a) must be in writing, and
- (b) must be given within the period of 30 days beginning with the relevant time.
- (4) If this paragraph applies as result of sub-paragraph (1)(a) or (b), “*the relevant time*” means the time at which the deemed disposal is made.
- (5) If this paragraph applies as result of sub-paragraph (1)(c), “the relevant time” is the time at which the amount is treated as accruing.
##### 26
- (1) A person who fails to comply with paragraph 25 is liable to a penalty not exceeding £3,000.
- (2) If—
- (a) there is a failure to comply with that paragraph, and
- (b) there are two or more persons who are the relevant fund managers each of whom is subject to the duty to notify under that paragraph,
the total amount of the penalties to which those managers (taken together) are liable is not to exceed £3,000.
- (3) If a person becomes liable to a penalty under this paragraph, an officer of Revenue and Customs must—
- (a) assess the penalty, and
- (b) notify the person.
- (4) The assessment must be made within the period of 12 months beginning with the day on which an officer of Revenue and Customs first becomes aware that the person has failed to comply with paragraph 25.
- (5) A person may, by notice, appeal against a decision of an officer of Revenue and Customs that a penalty is payable under this paragraph.
- (6) Notice of appeal under this paragraph must specify the grounds of appeal.
- (7) Notice of appeal under this paragraph must be given—
- (a) within 30 days after the penalty was notified to the person,
- (b) to the officer of Revenue and Customs who notified the person.
- (8) A penalty under this paragraph must be paid before the end of the period of 30 days beginning with—
- (a) the day on which the person was notified of the penalty, or
- (b) if notice of appeal against the penalty is given, the day on which the appeal is finally determined or withdrawn.
### Temporary period during which applicable exemption conditions not met
##### 27
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q ceases at any time (“*the relevant time*”) to meet the applicable exemption conditions otherwise than as a result of the vehicle or appropriate entity ceasing to be UK property rich (see paragraph 12(2)(c) or (3)(b)),
- (c) the election would (but for this paragraph) have, accordingly, ceased to have had effect under paragraph 20 from the relevant time,
- (d) the relevant fund manager expects Q to meet the applicable exemption conditions within 30 days, and
- (e) Q does meets those conditions within 30 days.
- (2) The failure by Q to meet the applicable exemption conditions is to be ignored for the purposes of this Part of this Schedule.
- (3) In this paragraph any reference to Q meeting the applicable exemption conditions within 30 days is to Q meeting those conditions before the end of the period of 30 days beginning with the day on which the relevant time falls.
- (4) This paragraph does not apply on more than four occasions in any period of 12 months.
##### 28
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company,
- (b) but for this paragraph, the election would, as a result of paragraph 20, have ceased to have effect from a particular time for all purposes of this Part of this Schedule (“*the relevant time*”),
- (c) the relevant fund manager expects the failure to meet the applicable exemption conditions to last for a temporary period, and
- (d) at the end of the temporary period, the qualifying fund or qualifying company does meet those conditions.
- (2) It is to be assumed that, for the purposes of any provision of this Part of this Schedule other than paragraph 22, the qualifying fund or qualifying company continues to meet the applicable exemption conditions during the temporary period.
- (3) Accordingly—
- (a) a deemed disposal occurs under paragraph 22 by reference to the failure to meet the applicable exemption conditions, but
- (b) subject to that, the election continues to have effect during the temporary period.
- (4) A period is not to be regarded as a temporary period for the purposes of this paragraph if it is longer than a period of 9 months beginning with the relevant time.
- (5) This paragraph does not apply if paragraph 27 applies.
##### 29
- (1) This paragraph applies if paragraph 28 has applied in relation to a qualifying fund or qualifying company on one or more occasions.
- (2) Paragraph 23(8) has effect as if, for the words from “at—” to the end, there were substituted “ when the relevant fund is wound up. ”
### Steps taken by relevant fund manager to wind up relevant fund
##### 30
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company,
- (b) but for this paragraph, the election would, as a result of paragraph 20, have ceased to have effect from a particular time (“*the relevant time*”) for all purposes of this Part of this Schedule, and
- (c) the relevant time occurs at a time when the relevant fund manager is taking steps with a view to the disposal of all of the assets of the relevant fund so that it can be wound up.
- (2) It is to be assumed that, for the purposes of any provision of this Part of this Schedule other than paragraph 22, the qualifying fund or qualifying company continues to meet the applicable exemption conditions until the relevant fund is wound up.
- (3) Accordingly—
- (a) a deemed disposal occurs under paragraph 22 by reference to the failure to meet the applicable exemption conditions, but
- (b) subject to that, the election continues to have effect until the relevant fund is wound up.
### Deemed disposals of UK land by companies previously owned by fund
##### 31
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q, or a company covered by the election, disposes of all of its rights and interests in another company (“C”) which is UK property rich, and
- (c) C is covered by the election.
- (2) C is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, the appropriate proportion of every qualifying asset the actual disposal of which by C would be a direct or indirect disposal of UK land, and
- (b) to have reacquired the appropriate proportion of the asset immediately after the relevant time,
at its market value at the relevant time.
- (3) In the case of a disposal, a company is “*covered by the election*” for the purposes of this paragraph if the disposal is one to which paragraph 16 applies where the election concerned is the one referred to in this paragraph.
- (4) For the purposes of this paragraph “the appropriate proportion” of an asset is equal to whatever would be, for the purposes of paragraph 16, the appropriate portion of any gain if it is assumed—
- (a) that C had sold the asset at the relevant time, and
- (b) that the total consideration for that sale was such that it results in a gain of £100 accruing to C.
- (5) For the purposes of this paragraph, an asset is a “qualifying asset” if, throughout the period of one year ending with the day on which the disposal of the asset is made, the asset has been held by C or any other company covered by the election or by Q.
- (6) In this paragraph “*the relevant time*” means the time immediately before the disposal of all the rights and interests in C.
### Deemed disposals of UK land by company or fund ceasing to be qualifying etc
##### 32
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) the election has had effect for a continuous period of at least five years, and
- (c) either the election ceases to have effect (otherwise than in disqualifying circumstances) or the relevant fund manager starts to take steps with a view to the disposal of all of the assets of the relevant fund so that it can be wound up.
- (2) Q is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, every asset the actual disposal of which by Q would be a direct or indirect disposal of UK land, and
- (b) to have reacquired the asset immediately after the relevant time,
at its market value at the relevant time.
- (3) In the case of any asset covered by the election for 12 months and held by a company at the relevant time, the company is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, the appropriate proportion of the asset, and
- (b) to have reacquired the appropriate proportion of the asset immediately after the relevant time,
at its market value at the relevant time.
- (4) For the purposes of sub-paragraph (3) an asset held by a company at the relevant time has been “covered by the election for 12 months” if, assuming the asset were disposed of at the relevant time, the disposal would have been one to which paragraph 16 applied by reference to the election.
- (5) For the purposes of sub-paragraph (3) “the appropriate proportion” of an asset is equal to whatever would be, for the purposes of paragraph 16, the appropriate portion of any gain if it is assumed—
- (a) that the company had sold the asset at the relevant time, and
- (b) that the total consideration for that sale was such that it results in a gain of £100 accruing to it.
- (6) For the purposes of this paragraph the election ceases to have effect in “disqualifying circumstances” if—
- (a) it ceases to have effect as a result of a notice of revocation under paragraph 15(5)(a) in a case where a designated officer of Revenue and Customs is of the opinion that there have been at least three serious breaches of provision made by or under paragraph 15 during the period for which the election has had effect, or
- (b) it ceases to have effect as a result of a notice of revocation under paragraph 18(1).
- (7) In this paragraph “*the relevant time*” means the time immediately before—
- (a) the election ceases to have effect, or
- (b) the relevant fund manager starts to take steps with a view to the disposal of all or the assets of the relevant fund so that it can be wound up.
- (8) For the purposes of this paragraph an election made under paragraph 12 in respect of Q is taken to be the same election as one made at a subsequent time in respect of another qualifying fund or qualifying company (“A”) if, at the subsequent time, Q is wholly owned by A.
### Exemption for disposals by companies wholly owned by certain investors
##### 33
- (1) This paragraph applies if an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company.
- (2) If—
- (a) a participant in the relevant fund disposes of a unit in the relevant fund,
- (b) the participant is a company which is wholly owned by one or more investors to which this paragraph applies, and
- (c) the participant is not a collective investment vehicle,
any gain accruing on the disposal is not a chargeable gain.
- (3) Nothing in paragraph 21 is to result in a deemed disposal of an asset held by any investor to which this paragraph applies other than an insurance company.
- (4) Each of the following is an investor to which this paragraph applies—
- (a) any person who is a qualifying institutional investor within the meaning of Schedule 7AC (substantial shareholding exemption),
- (b) a company carrying on life assurance business where, immediately before the disposal, its right or interest in the participant is an asset which, applying the rules in section 138 of the Finance Act 2012, is wholly matched to a liability of its life assurance business that is not BLAGAB,
- (c) a company carrying on long-term business none of which is BLAGAB where, immediately before the disposal, its right or interest in the participant is an asset held for the purposes of its long-term business, and
- (d) a qualifying fund or qualifying company in respect of which an election under paragraph 12 has effect.
- (5) In this paragraph “*BLAGAB*” means basic life assurance and general annuity business.
### Disapplication of paragraph 3A of Schedule 7AC: qualifying institutional investors
##### 34
- (1) This paragraph applies if—
- (a) a gain or loss accrues to a company (“the investing company”) which has ordinary share capital owned by one or more qualifying institutional investors,
- (b) some of the gain or loss is not chargeable or allowable as a result of paragraph 16(3), and
- (c) some or all of the ownership of the qualifying institutional investors in the investing company is through the company which is Q for the purposes of paragraph 16(3).
- (2) The ownership of the qualifying institutional investors in the investing company is to be ignored for the purpose of applying the exemption conferred by paragraph 3A of Schedule 7AC so far as the ownership is through Q.
- (3) In this paragraph “*qualifying institutional investors*” has the same meaning as in Schedule 7AC.
- (4) Paragraph 3B of Schedule 7AC (meaning of “ownership”) applies for the purposes of this paragraph as it applies for the purposes of paragraph 3A of that Schedule.
### Relationship between rules in this Part and REIT rules in Part 12 of CTA 2010
##### 35
- (1) Nothing in this Part of this Schedule is to exempt so much of any qualifying REIT gain as accrues on a disposal made by a company which is, or is a member of, a UK REIT.
- (2) A chargeable gain is a “qualifying REIT gain” so far as—
- (a) the gain is not a chargeable gain as a result of section 535 or 535A of CTA 2010, and
- (b) the gain is not one falling to be exempted as a result of the application of either of those sections following a notice given under section 586(1) or 587(1) of that Act (venturing group).
- (3) In this paragraph “*UK REIT*” has the same meaning as in Part 12 of CTA 2010.
##### 36
- (1) This paragraph applies if—
- (a) a gain accrues on a disposal made by a company (“the JV company”) which is a member of a group UK REIT,
- (b) the gain is one falling to be exempted as a result of the application of section 535 or 535A of CTA 2010 following a notice given under section 586(1) or 587(1) of that Act (venturing group),
- (c) the principal company of the group UK REIT that gave the notice is covered by an election made under paragraph 12 in respect of a qualifying fund, and
- (d) the JV company is also covered by the election.
- (2) The amount of the gain accruing to the JV company which is not a chargeable gain as a result of the operation, by reference to the election, of the rules in this Part of this Schedule—
- (a) is found by first taking the two steps mentioned below (which require the application of each of the exemption rules without regard to the other), and
- (b) once those two steps are taken, is so much of the amount found by the first step as exceeds the amount found by the second step.
- (3) The first step is, ignoring the effect of Part 12 of CTA 2010, to apply the rules in this Part of this Schedule that operate by reference to the election to identify the amount of the gain which (but for this paragraph) would not be chargeable.
- (4) The second step is, ignoring the effect of this Part of this Schedule, to apply the rules in Part 12 of CTA 2010 that operate in relation to the group UK REIT to identify the amount of the gain accruing to the JV company which falls to be exempted as mentioned in sub-paragraph (1)(b).
- (5) In the case of a disposal, a company is “*covered by an election made under paragraph 12*” for the purposes of this paragraph if the disposal is one to which paragraph 16 applies where the election concerned is the one referred to in this paragraph.
- (6) In this paragraph “*group UK REIT*” has the same meaning as in Part 12 of CTA 2010.
### Separate application of exemptions under this Schedule and elsewhere
##### 37
- (1) If—
- (a) a person disposes of a right or interest in a company on which a gain or loss accrues, and
- (b) proportions of the gain or loss are not chargeable or allowable as a result of the operation of any relevant exemption provision,
each relevant exemption provision is to work separately (without regard to the other) in relation to each proportion of the gain or loss to which the relevant exemption provision applies.
- (2) Accordingly—
- (a) each relevant exemption provision is to operate by reference to the whole of the gain or loss (ignoring the effect of the other relevant exemption provision), and
- (b) the total proportion of the gain or loss which is not chargeable or allowable is the total of the proportions separately found (but not so as to exceed the whole amount of the gain or loss).
- (3) Each of the following is a “*relevant exemption provision*” for the purposes of this paragraph—
- (a) any provision made by this Part of this Schedule,
- (b) any provision made by paragraph 3A of Schedule 7AC, and
- (c) any provision made by Part 12 of CTA 2010.
- (4) This paragraph is subject to paragraphs 34 to 36.
### Meaning of meeting “the applicable exemption conditions”
##### 38
- (1) For the purposes of Part of this Schedule a qualifying fund “meets the applicable exemption conditions” at any time if, at that time—
- (a) it is a collective investment vehicle, and
- (b) it meets the entitlement conditions set out in paragraph 12(2).
- (2) For the purposes of Part of this Schedule a qualifying company “meets the applicable exemption conditions” at any time if, at that time, it meets the entitlement conditions set out in paragraph 12(3).
### Meaning of “the relevant fund” and “the relevant fund manager”
##### 39
- (1) In this Part of this Schedule “the relevant fund”—
- (a) in the case of an election in respect of a qualifying fund under paragraph 12, means the collective investment vehicle concerned, and
- (b) in the case of an election in respect of a qualifying company under paragraph 12, means the collective investment scheme which wholly (or almost wholly) owns that company.
- (2) In this Part of this Schedule “the relevant fund manager”, in the case of an election in respect of a qualifying fund or qualifying company under paragraph 12, means the manager of the relevant fund.
### Meaning of “wholly owned” or “wholly (or almost wholly) owned”
##### 40
- (1) For the purposes of this Part of this Schedule a collective investment scheme, or a person or persons together, wholly owns or own a company at any time if the scheme, or person or persons together, has or have a 100% investment in the company at that time.
- (2) Whether a scheme, or person or persons together, have a 100% investment in a company at any time is determined—
- (a) by applying a modified version of the rule in paragraph 9 of Schedule 1A, and,
- (b) in the case of a collective investment scheme, on the assumption that it is a person.
- (3) The reference here to a modified version of the rule in paragraph 9 of Schedule 1A is to the rule in that paragraph as it has effect without regard to paragraph 10 and as if in sub-paragraph (1) of paragraph 9 the following modifications were made—
- (a) for the opening words substitute “A person or persons together ( “ P ”) has or have a 100% investment in a company ( “C”) if all of the following conditions are met—”,
- (b) omit paragraph (a),
- (c) in each of paragraphs (b), (c) and (d), for “25% or more” substitute “ 100% ”, and
- (d) for the “or” at the end of paragraph (c) substitute “ and ”.
##### 41
- (1) For the purposes of this Part of this Schedule a collective investment scheme or person wholly (or almost wholly) owns a company at any time if—
- (a) the scheme or person wholly owns the company at that time, or
- (b) the scheme or person has a 99% investment in the company at that time.
- (2) Whether a scheme or person has a 99% investment in a company at any time is determined—
- (a) by applying a modified version of the rule in paragraph 9 of Schedule 1A, and,
- (b) in the case of a collective investment scheme, on the assumption that it is a person.
- (3) The reference here to a modified version of the rule in paragraph 9 of Schedule 1A is to the rule in that paragraph as it has effect without regard to paragraph 10 and as if in sub-paragraph (1) of paragraph 9 the following modifications were made—
- (a) omit paragraph (a),
- (b) for “25%”, in each place, substitute “ 99% ”, and
- (c) for the “or” at the end of paragraph (c) substitute “ and ”.
### Meaning of “designated HMRC officer”
##### 42
In this Part of this Schedule “*designated HMRC officer*” means an officer of Revenue and Customs who has been designated by the Commissioners for Her Majesty's Revenue and Customs for the purpose of revoking elections under paragraph 12.
## PART 5 — Reporting and payment
### Reporting by collective investment vehicles
##### 43
- (1) The Treasury may by regulations make provision for managers of collective investment vehicles to elect to provide information to an officer of Revenue and Customs in respect of any participant in the vehicle who holds units the disposal of which would constitute an indirect disposal of UK land.
- (2) The regulations may specify circumstances in which the provision of information or documents in accordance with the regulations is taken to satisfy obligations of the participant (or anyone else) to provide information or documents to an officer of Revenue and Customs.
- (3) The regulations may be framed so as to apply to obligations of a description specified in the regulations.
### Withholding of amounts on account of capital gains tax
##### 44
- (1) The Treasury may by regulations make provision for managers of collective investment vehicles to elect to meet the liability to capital gains tax or corporation tax in respect of indirect disposals of UK land made by any participant in the vehicle.
- (2) The regulations may make provision for a simplified calculation of the tax liability of the participant in respect of those disposals.
- (3) The regulations may make provision authorising the manager of a collective investment vehicle (or anyone else of a description specified in the regulations) to deduct an amount on account of capital gains tax from amounts that would otherwise be receivable by the participant.
- (4) The regulations—
- (a) may provide for the times at which amounts deducted on account of capital gains tax are to be paid to Her Majesty's Revenue and Customs, and
- (b) may set out the extent to which those payments meet the liability of the participant to capital gains tax or corporation tax in respect of any indirect disposal of UK land.
### General
##### 45
- (1) Regulations under this Part of this Schedule—
- (a) may make different provision for different purposes, and
- (b) may make supplementary, incidental, consequential or transitional or saving provision.
- (2) Regulations under this Part of this Schedule may make provision having effect in relation to times before the regulations are made.
## PART 6 — General
### Meaning of “close company”, “qualifying investor” and “direct or indirect participator”
##### 46
- (1) This paragraph has effect for the purposes of the provisions of this Schedule which apply this paragraph (or to which this paragraph is applied).
- (2) Whether a company is “a close company” is determined in accordance with the rules in Chapter 2 of Part 10 of CTA 2010 but subject to the following modifications—
- (a) section 442(a) (non-UK resident companies) is to be treated as omitted,
- (b) section 444 (companies involved with non-close companies) is to be treated as omitted,
- (c) section 447(1)(a) (shares in quoted companies beneficially held by non-close companies) is to be treated as omitted, and
- (d) for the purposes of any attribution under section 451(4) (rights of a person's associates to be attributed to the person etc in determining “control”) the rights and powers of a person (“A”) are not to be attributed to another person (“P”) merely because A is a partner of P.
- (3) A “*qualifying investor*” means—
- (a) a person who is within any of section 528(4A)(a), (b), (c), (i) or (j) of CTA 2010 where, if the collective investment vehicle mentioned in the provision concerned is a company, it meets the non-close condition or, if not, the vehicle meets the genuine diversity of ownership condition,
- (b) a person who is within any other provision of section 528(4A) of that Act, or
- (c) a qualifying fund or qualifying company in respect of which an election under paragraph 12 has effect.
- (4) For the purposes of sub-paragraph (3)(a) a collective investment vehicle meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment vehicle which is not an offshore fund were regarded as an offshore fund.
- (5) For the purposes of sub-paragraph (3)(a) a company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator,
applying the provisions of this paragraph for the purposes of this sub-paragraph.
- (6) A person is a “direct participator” if the person is a participator for the purposes of Part 10 of CTA 2010 (see section 454).
- (7) A person is an “indirect” participator in a company if the person has a share or interest in the capital or income of the company through another body corporate or other bodies corporate.
- (8) The reference here to having a share or interest in the capital or income of a company through a body corporate is to be read as follows.
- (9) Suppose that 3 or more bodies corporate are ordered in a series such that each body in the series (other than the last) has a share or interest in the capital or income of the body immediately below it in the series.
- (10) If B is a body that is below, but not immediately below, A in the series, A is said to own a share or interest in the capital or income of B through each body corporate that is between A and B in the series.
- (11) A person is regarded for the purposes of sub-paragraphs (7) to (10) as having a share or interest in the capital or income of a company if the person would be a participator in the company as a result of section 454(2) of CTA 2010.
### Other definitions
##### 47
- (1) In this Schedule—
- “*double taxation arrangements*” means arrangements having effect under section 2(1) of TIOPA 2010,
- “*interest in UK land*” is to be read in accordance with section 1C,
- “*the manager*”, in relation to a collective investment vehicle, means—any person who is the manager of the property that is the subject of or held by the vehicle, orany other person who has, or is expected to have, day-to-day control of that property, and
- “*prospectus*”, in relation to a collective investment vehicle, means any document (however described) which is made available to investors and which sets out descriptions of the investments to be made, or intended to be made, by the vehicle.
- (2) For the purposes of this Schedule—
- (a) a reference to a direct disposal of UK land is to a disposal of an interest in UK land, and
- (b) a reference to an indirect disposal of UK land is to a disposal of an asset deriving at least 75% of its value from UK land.
- (3) For this purpose the reference to a disposal of an asset deriving at least 75% of its value from UK land is to be read in accordance with Part 2 of Schedule 1A.
### Power to make provision in relation to UK property rich collective investment vehicles etc
##### 48
- (1) The Treasury may by regulations make provision for the purposes of any provision of this Act in relation to—
- (a) collective investment vehicles that are UK property rich, or
- (b) investments made (directly or indirectly) by collective investment vehicles in companies that are UK property rich.
- (2) Among other things, the regulations—
- (a) may amend any provision made by this Schedule, or
- (b) may disapply any provision made by or under this Act or provide for any provision made by or under this Act to have effect with modifications specified in the regulations.
- (3) The regulations may make provision having effect in relation to times before the regulations are made.
- (4) The regulations—
- (a) may make different provision for different purposes, and
- (b) may make supplementary, incidental, consequential or transitional or saving provision.
## PART 7 — Transitional provision
### Elections for transparency under paragraph 8
##### 49
- (1) This paragraph applies in the case of an offshore collective investment vehicle to which paragraph 8 applies which was constituted before 6 April 2019.
- (2) Paragraph 9(1)(c) has effect as if it permitted the election under paragraph 8 to be made before 6 April 2020.
- (3) The election is to have effect in relation to disposals made on or after 6 April 2019 (so that paragraph 8(2) has effect subject to this sub-paragraph).
- (4) If a person is a participant in the vehicle on 6 April 2019—
- (a) the making of an election under paragraph 8 is not to be regarded as being a disposal of the person's units in the vehicle, and
- (b) any question arising for the purposes of this Act, in relation to a disposal on or after 6 April 2019 of the person's units in the vehicle, is to be determined as if the election under paragraph 8 had had effect in relation to all times on or after the vehicle's constitution.
### Elections under paragraph 12 and information about disposals by participants
##### 50
Nothing in paragraph 14 requires information about disposals made before 6 April 2019.
##### 24A
- (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.
#### Seed enterprise investment scheme: re-investment
#### Transfer or division of UK business
#### Personal equity plans.
#### Relief on re-investment for individuals.
#### Introduction
##### 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) This paragraph applies in the case of an individual for a tax year if—
- (a) the remittance basis applies to the individual for the tax year, and
- (b) an election under section 16ZA has effect for the tax year.
- (2) Allowable losses accruing to the individual must be matched to chargeable gains accruing to the individual in accordance with paragraph 4.
- (3) If allowable losses are matched to chargeable gains accruing on disposals of foreign assets—
- (a) which actually accrue in the tax year, but
- (b) which are, as a result of paragraph 1, treated as not accruing in the tax year,
the amount of those gains is reduced by the matched amount (and the allowable losses are reduced accordingly).
- (4) So far as allowable losses are matched to other chargeable gains, they are deducted from chargeable gains accruing to the individual in the tax year.
- (5) This is subject to—
- (a) paragraph 2 (no use of allowable losses against foreign gains remitted in later year), and
- (b) section 1E(4) (prohibition of deduction of losses from gains treated as accruing under section 87, 87K, 87L or 89(2)).
## 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 1K(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 1(3),
- (b) section 1K(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.
#### Seed enterprise investment scheme: reduction of relief
#### Postponement of charge on transfer of assets to non-resident company.
#### Which shares are in holding immediately before disposal
##### 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,rights under an authorised contractual scheme which is a co-ownership scheme, orshares 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, ... in the case of an authorised contractual scheme which is a co-ownership scheme, means the person who is the operator of the scheme for the purposes of that Part, and in 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
- (a) there is a deemed disposal of an asset by a person (“P”) under section 24(1),
- (b) the asset is an interest in a building or structure which is “an interest in UK land” (as defined in section 1C) or an equivalent interest in land outside the United Kingdom,
- (c) a contribution allowance under Part 2A of CAA 2001 (see section 538A of that Act) has been made to another person (“C”) by reference to C’s contribution to expenditure in relation to the building or structure, and
- (d) C does not have an interest in the building or structure which is “an interest in UK land” for the purposes of section 1C.
- (2) C may make a claim for this Act to have effect as if an allowable loss equal to the unclaimed allowance amount had accrued to C on the deemed disposal of the asset by P.
- (3) For the purposes of this section, the “unclaimed allowance amount” in relation to a contribution allowance under Part 2A of CAA 2001, is the amount of the difference between—
- (a) the qualifying contribution amount, and
- (b) the amount of the contribution allowance to which an entitlement arose (or would have arisen if the conditions in section 270AA(2) of that Act had been met at all times since an entitlement to the contribution allowance first arose) before the deemed disposal under section 24(1).
- (4) For the purposes of subsection (3), the “qualifying contribution amount” is the amount of C’s contribution to expenditure in respect of which the contribution allowance is available (see sections 270AA and 538A of that Act), if and to the extent that the expenditure is not allowable under section 38 as a deduction in computing the gain accruing to P on the deemed disposal.
- (5) A claim under this section must—
- (a) include information identifying the building or structure by reference to which the contribution allowance was made, and
- (b) specify the unclaimed allowance amount.
##### 37B
- (1) This section applies on the disposal of an asset by a person if—
- (a) the asset is an interest in a building or structure which is “an interest in UK land” (as defined in section 1C) or an equivalent interest in land outside the United Kingdom,
- (b) the person is, or has been, entitled to an allowance under Part 2A of CAA 2001 (“the structures and buildings allowance”) by reference to the building or structure, and
- (c) the expenditure by reference to which the structures and buildings allowance has been made is allowable under section 38 as a deduction from the consideration in the computation of the gain on the disposal.
- (2) In determining the amount of any gain accruing to the person making the disposal (the “transferor”) the consideration for the disposal is treated as being increased by an amount equal to the amount of the structures and buildings allowance that has been made to the transferor.
- (3) If the disposal is—
- (a) a disposal on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss accrues to the person making the disposal,
- (b) a disposal in respect of which section 162 (roll-over relief on transfer of business) applies for the purposes of computing the gain on the disposal, or
- (c) a deemed disposal under section 579(4) of CTA 2010 (real estate investment trusts: cessation),
the person who acquires the asset (the “transferee”) is treated, for the purposes of determining the amount of the gain accruing on any subsequent disposal of the asset by the transferee, as if the amount of structures and buildings allowance made to the transferor (see subsection (2)) had been made to the transferee.
- (4) Subsection (2)—
- (a) is to be applied after the other provisions of this Act which apply for the purposes of determining the amount of the consideration deemed to be given for the disposal of assets, and
- (b) is subject to subsections (5) to (7).
- (5) If section 45(3) or 47(2) applies in relation to the disposal, subsection (2) applies in relation to the part of the consideration apportioned in the same proportion as the expenditure qualifying for capital allowances.
- (6) Subsection (7) applies in relation to the disposal if the asset mentioned in subsection (1) is—
- (a) a leasehold interest by reference to which section 270DD of CAA 2001 (leases granted for 35 years or more) applies, and
- (b) a wasting asset for the purposes of this Act.
- (7) For the purposes of subsection (2), the amount of the structures and buildings allowance is to be treated as if it were an amount of expenditure attributable to the asset under section 38(1) and, accordingly, as if it had been reduced at the same rate at which that expenditure is written off in accordance with paragraph 1(3) and (4) of Schedule 8 (leases of land as wasting assets).
- (8) The reference in subsection (1)(b) to an allowance under Part 2A of CAA 2001 includes a reference to a contribution allowance made by reason of the application of sections 537 and 538A of that Act (contribution allowances: structures and buildings allowances).
##### 39A
- (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.
#### Application of sections 127 to 131.
#### Treatment of alternative finance arrangements
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZA
- (1) An individual may make an election under this section in respect of—
- (a) the first tax year in which section 809B of ITA 2007 (claim for remittance basis) applies to the individual, or
- (b) the first tax year in which that section applies to the individual following a period in which the individual has been domiciled in the United Kingdom.
- (2) Where an individual makes an election under this section in respect of a tax year, the election has effect in relation to the individual for—
- (a) that tax year, and
- (b) all subsequent tax years.
- (2A) But if after making an election under this section an individual becomes domiciled in the United Kingdom at any time in a tax year, the election does not have effect in relation to the individual for—
- (a) that tax year, or
- (b) any subsequent tax year.
- (2B) Where an election made by an individual under this section in respect of a tax year ceases to have effect by virtue of subsection (2A), the fact that it has ceased to have effect does not prevent the individual from making another election under this section in respect of a later tax year.
- (3) If an individual does not make an election under this section in respect of a year referred to in subsection (1)(a) or (b), foreign losses accruing to the individual in—
- (a) that 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.
- (7) Section 835BA of ITA 2007 (deemed domicile) applies for the purposes of this section.
##### 16ZB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZC
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16ZD
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### 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 1(3) amounts.
- *Step 1*Find the section 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) 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 1(3) amount for the relevant tax year (as so reduced) is nil, read references to the section 1(3) amount for the relevant tax year as the section 1(3) 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 1(3) 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 1(3) 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, 87K or 87L as accruing to an individual in a tax year, and
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for that year, ...
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The chargeable gains are chargeable gains accruing on the disposal of an asset situated outside the United Kingdom.
- (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, or onward payment (see section 87I(1)(c)), 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) Sections 169S and 169SA contain 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 2 years 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 2 years 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 2 years 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 2 years 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.
- (7ZA) If, in any case where an individual disposes of any shares in a company—
- (a) there has been an issue of shares in the company to the individual following a relevant business transfer, and
- (b) any of the issued shares constitute, or otherwise form part of, the shares disposed of,
the conditions in subsection (6)(a) and (b) are to be treated as met in any period ending immediately before the transfer throughout which the individual owned the business.
- (7ZB) For the purposes of subsection (7ZA), shares have been issued “following a relevant business transfer” if they have been issued wholly or partly in exchange for the transfer of a business as a going concern, together with the whole assets of the business or the whole of those assets other than cash.
- (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 2 years ending with the date of the disposal, and
- (c) throughout that period of 2 years—
- (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 2 years ending with the cessation date,
- (c) the conditions in paragraph (c) of subsection (7A) are met throughout that period of 2 years, 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 2 years 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 2 years 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, A1A, A2 or A3 is met, and
- (b) conditions B, C and D 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.
- (1AA) Condition A1A is that P makes a material disposal of business assets which consists of the disposal of the whole of P's interest in the assets of a partnership, and—
- (a) that interest is an interest of less than 5%,
- (b) P holds at least a 5% interest in the partnership's assets throughout a continuous period of at least 3 years in the 8 years ending with the date of the disposal, and
- (c) at the date of the disposal, no partnership purchase arrangements exist.
- (1AB) Subject to subsection (6A), for the purposes of conditions A1 and A1A, in relation to the disposal of an interest in the assets of a partnership, “*partnership purchase arrangements*” means arrangements (other than the material disposal itself) 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).
- (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 constitute at least 5% of the company's ordinary share capital and are shares in the individual's personal company (and section 169S(3A)(a) to (c) apply here but as if the reference to the final day of the period mentioned in section 169S(3A)(a) were to the date of the disposal), 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) Subject to subsection (6A), 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 (other than the material disposal itself) 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.
- (3AA) Subject to subsection (6A), for the purposes of condition B, in relation to a disposal mentioned in that condition and 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), but does not include any arrangements in connection with a material disposal in relation to which condition A1 or A1A is met.
- (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 share purchase arrangements.
- (3BA) Subject to subsection (6A), for the purposes of condition B, in relation to a disposal mentioned in that condition and 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,
but does not include any arrangements in connection with a material disposal in relation to which condition A2 or A3 is met.
- (3C) For the purposes of subsection (3BA)(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 2 years 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.
- (4A) Condition D is that the disposal mentioned in condition B is of an asset which P owns throughout the period of 3 years ending with the date of that disposal.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6A) For the purposes of this section, in relation to a material disposal of business assets and a disposal mentioned in condition B, arrangements are not partnership purchase arrangements or share purchase arrangements if they were made before both disposals and without regard to either of them.
- (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 capital 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 1H (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 2 years 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 a company is a “*personal company*” in relation to an individual if—
- (a) the individual holds at least 5% of the ordinary share capital of the company,
- (b) by virtue of that holding, at least 5% of the voting rights in the company are exercisable by the individual, and
- (c) either or both of the following conditions are met—
- (i) by virtue of that holding, the individual is beneficially entitled to at least 5% of the profits available for distribution to equity holders and, on a winding up, would be beneficially entitled to at least 5% of assets so available, or
- (ii) in the event of a disposal of the whole of the ordinary share capital of the company, the individual would be beneficially entitled to at least 5% of the proceeds.
- (3A) In determining whether subsection (3)(c)(ii) applies for the purposes of any provision of this Chapter under which a question arises as to whether or not a company is the individual's personal company at any time in a particular period —
- (a) it is to be assumed that (so far as this is not otherwise the case) the whole of the ordinary share capital is disposed of at that time for a consideration equal to its market value on the final day of the period,
- (b) it is to be assumed that the amount of the proceeds to which the individual would be beneficially entitled at that time is the amount of the proceeds to which, having regard to all the circumstances as they existed at that time, it would be reasonable to expect the person to be beneficially entitled, and
- (c) the effect of any avoidance arrangements is to be ignored.
- (3B) For the purposes of subsection (3A)(c)—
- (a) arrangements are “avoidance arrangements” if the main purpose of, or one of the main purposes of, the arrangements is to secure that any provision of this Chapter applies or does not apply, and
- (b) “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable).
- (3C) For the purposes of subsection (3) if the individual holds any shares in the company jointly with one or more other persons, the individual is to be treated as the sole holder of so many of them as is proportionate to the value of the individual's share (and references in subsection (3) to the exercise of voting rights or beneficial entitlement are to be read accordingly).
- (3D) A modified version of Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies for the purposes of subsection (3) reading references to company A as references to the individual.
- (3E) The reference here to a modified version of Chapter 6 of Part 5 of CTA 2010 is to the provisions of that Chapter having effect as if—
- (a) for the purposes of section 158(1)(b), a person carrying on a business of banking were not a loan creditor of a company in respect of any loan capital or debt issued or incurred by the company for money lent by the person to the company in the ordinary course of that business,
- (b) sections 171(1)(b) and (3), 173, 174 and 176 to 181 were omitted, and
- (c) any modifications were made as are necessary for the purpose of applying that Chapter as if the individual were company A.
- (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), ...
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Section 119A: unremitted Part 7A income
#### Disincorporation relief: post-FA 2002 goodwill
#### Application of section 169SD where sections 127 to 130 apply
#### Shares treated as disposed of in previous disposal where claim made
### 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 1(3) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 1(3) 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, directly or indirectly by virtue of the matching of the section 1(3) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87, 87K, 87L or 89(2) as accruing in the relevant tax year to an individual who is not chargeable to tax for that year.Increase the section 1(3) 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 an individual is “chargeable to tax” for a tax year if, as respects that year, the individual is UK resident for the tax year (as determined in accordance with Chapter 1 of Part 1 of this Act).
### 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 exchange gains or losses (as defined by section 475 of CTA 2009) to which section 328(1) of CTA 2009 does not apply because of section 328(3) of that Act or because of regulations under section 328(4) of that Act.
- (1A) The regulations may make provision as to the way in which, including the currency by reference to which, the amounts to be brought into account are to be calculated.
- (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.
#### Relief on re-investment for individuals.
#### Transfer or division of UK business
#### Restriction on set-off of pre-entry losses.
#### Disincorporation relief: post-FA 2002 goodwill
##### 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).
#### Reorganisations where consideration given
#### Expenditure reimbursed out of public money.
#### Part disposals.
##### 103A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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 chargeable to corporation tax as a result of section 2B(3) or (4).
- (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 bankruptcy application made or 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.
#### Material disposal of business assets
##### 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 or admitted to trading on a multilateral trading facility operated by an EEA-regulated 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, ...
- (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,
- (j) a recognised stock exchange is an “EEA-regulated recognised stock exchange” if it is regulated in the European Economic Area, and
- (k) “*multilateral trading facility*” has the same meaning as in Article 4.1.22 of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments.
- (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 as a result of section 1A(3)(a) 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.
#### New shares issued on scheme of reconstruction
#### Restrictions on setting losses against pre-entry gains.
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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 ... , pursuant to an adult placement scheme,
- (aa) in Wales, pursuant to arrangements which constitute or form part of an adult placement service,
- (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”— in relation to Scotland, has the meaning given by paragraph 11 of Schedule 12 to the Public Services Reform (Scotland) Act 2010, andin relation to Wales, has the meaning given by paragraph 6 of Schedule 1 to the Regulation and Inspection of Social Care (Wales) Act 2016 (anaw 2).
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Death: application of law in Scotland.
#### Exemption for certain disposals under, or 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.
#### Sections 184A and 184B: meaning of “tax advantage”
### 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.
#### Deemed disposal of assets on company ceasing to be resident in U.K.
#### Tax exempt distributions.
### 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) For the purposes of this section—
- “tax transparent fund” means—an authorised contractual scheme which is a co-ownership scheme, oran offshore fund that is a transparent fund within the meaning given by regulation 11 of the Offshore Funds (Tax) Regulations 2009, and
- “fund property”, in relation to a tax transparent fund, means the property subject to the fund.
- (2) 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, and
- “co-ownership scheme” has the meaning given by section 235A of that Act.
- (3) A unit in a tax transparent fund is treated as an asset for the purposes of this Act, and, accordingly, a participant’s interest in the fund property is disregarded for those purposes.
- (3A) But if a participant is entitled to an allowance under Part 2A of CAA 2001 (structures and buildings allowances) by reference to expenditure in relation to any fund property, the participant’s interest in the fund property is not to be disregarded under subsection (3) for the purposes of the application of section 37B (exclusion of certain expenditure: structures and buildings allowances) in relation to the disposal by the participant of units in the fund.
- (4) In computing the gain accruing on a disposal by a participant of units in a tax transparent fund, an amount which—
- (a) represents income from the fund property, and
- (b) is taken into account as a receipt or other credit of the participant in calculating an amount chargeable to income tax,
is treated as expenditure falling within section 38(1)(b).
- (5) In computing the gain accruing on a disposal by a participant of units in a tax transparent fund—
- (a) the sums that would otherwise be allowable under section 38(1) as a deduction from the consideration in the computation of the gain are reduced (but not below nil) by the amounts within subsection (7), and
- (b) if those amounts exceed the sums that would otherwise be so allowable, the consideration is treated as increased by the amount of the excess.
- (6) So far as an amount within subsection (7) is dealt with under subsection (5)(a), it is not also dealt with under section 39.
- (7) An amount is within this subsection if it is—
- (a) any amount arising to the participant from the fund property which is taken into account as an expense or other debit of the participant in calculating an amount chargeable to income tax, or
- (b) anything paid or transferred to the participant, or anything else of value received by the participant, which is referable to the holding of the units (whenever paid, transferred or received) unless section 22 applies to whatever is paid, transferred or received.
- (8) In the case of any asset transferred as mentioned in subsection (7)(b), the value of the asset on the date of the transfer is taken to be its market value on that date.
- (9) If a participant has incurred expenditure in relation to any fund property in respect of which a capital allowance or renewals allowance (as defined by section 41(4) or (5)) has been or may be made, that expenditure is excluded from the sums allowable as a deduction in computing the amount of a loss accruing to the participant on a disposal of the units in the fund.
- (10) In this section—
- “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, andin relation to an offshore fund (which is not a collective investment scheme), has the meaning given in section 362(1) of TIOPA 2010, and
- “units”, in relation to a tax transparent fund, means the rights or interests (however described) of the participants in the fund.
### 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” means an offshore fund that is a transparent fund within the meaning given by regulation 11 of the Offshore Funds (Tax) Regulations 2009.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## 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 company which is resident in the United Kingdom in an accounting period is chargeable to corporation tax on chargeable gains accruing to the company in the period on the disposal of assets wherever situated.
- (2) This is subject to Chapter 3A of Part 2 of CTA 2009 (exemption from charge in respect of profits of foreign permanent establishments).
- (3) A company which is not resident in the United Kingdom is chargeable to corporation tax on chargeable gains that—
- (a) accrue to the company on the disposal of assets situated in the United Kingdom that have a relevant connection to the company's UK permanent establishment (see section 2C),
- (b) accrue at a time when it has that permanent establishment, and
- (c) are, in accordance with sections 20 to 32 of CTA 2009, attributable to that permanent establishment.
- (4) In addition, a company which is not resident in the United Kingdom is chargeable to corporation tax on chargeable gains accruing to the company on the disposal of assets not within subsection (3) that are—
- (a) interests in UK land, or
- (b) assets (wherever situated) not within paragraph (a) that derive at least 75% of their value from UK land where the company has a substantial indirect interest in that land.
- (5) Section 1C applies for the purposes of subsection (4)(a) as it applies for the purposes of section 1A(3)(b) (disposing of interests in UK land).
- (6) The reference in subsection (4)(b) to assets deriving at least 75% of their value from UK land where the company has a substantial indirect interest in that land is to be read in accordance with Schedule 1A.
##### 2C
- (1) For the purposes of section 2B(3) a company has a UK permanent establishment at any time if, at that time, the company carries on a trade in the United Kingdom through a permanent establishment there.
- (2) For the purposes of section 2B(3) an asset has a relevant connection to a company's UK permanent establishment if—
- (a) it is, or was, used in or for the purposes of the trade at or before the time of the disposal,
- (b) it is, or was, used or held for the purposes of the permanent establishment at or before that time, or
- (c) it is acquired for use by or for the purposes of the permanent establishment.
- (3) Section 2B(3) does not apply to a company which, as a result of Part 2 of TIOPA 2010 (double taxation arrangements), is exempt from corporation tax for the accounting period in respect of the profits of the permanent establishment.
- (4) In the case of the long-term business of an overseas life insurance company, subsection (2) has effect as if for paragraph (b) there were substituted—
> (b) it is, or was, used or held for the purposes of the permanent establishment at or before that time (irrespective of where it is situated at that time),
.
- (5) In this section references to a trade include an office and references to carrying on a trade include holding an office.
##### 2D
- (1) The total amount of chargeable gains to be included in a company's total profits for an accounting period is calculated for corporation tax purposes in accordance with capital gains tax principles.
- (2) All of the following questions are determined in accordance with the enactments relating to capital gains tax as if accounting periods were tax years—
- (a) any question as to the amounts to be, or not to be, taken into account as chargeable gains or allowable losses,
- (b) any question as to the amounts to be, or not to be, taken into account in calculating gains or losses,
- (c) any question as to the amounts charged to tax as a company's gains, and
- (d) any question as to the time when any amount is treated as accruing.
- (3) This section is subject to any provision made elsewhere by the Corporation Tax Acts.
##### 2E
- (1) If the CGT enactments contain any reference to—
- (a) income tax, or
- (b) the Income Tax Acts,
the reference is, in relation to a company, to be read as a reference to corporation tax or the Corporation Tax Acts.
- (2) But—
- (a) this does not affect references to income tax in section 39(2), and
- (b) so far as the CGT enactments operate by reference to matters of any specified description, account is to be taken for corporation tax purposes of matters of that description confined to companies but not of any confined to individuals.
- (3) In this section “*the CGT enactments*” means the enactments relating to capital gains tax.
##### 2F
- (1) This Act as it has effect in accordance with this Chapter is not to be affected in its operation by the fact that capital gains tax and corporation tax are distinct taxes.
- (2) But this Act is, so far as it is consistent with the Corporation Tax Acts, to apply in relation to capital gains tax and corporation tax on gains as if they were one tax.
- (3) Accordingly, a matter which in a case involving two individuals is relevant to both of them in relation to capital gains tax is in a similar case involving an individual and a company—
- (a) relevant to the individual in relation to capital gains tax, and
- (b) relevant to the company in relation to corporation tax.
##### 10AA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 13A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cash basis accounting
##### 47A
- (1) No chargeable gain shall accrue on the disposal of, or of an interest in, an asset if conditions A, B and D are met in relation to the asset.
- (2) Condition A is that the asset is not land.
- (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, vocation or property business carried on by the person.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) Condition D is that relevant disposal proceeds—
- (a) are brought into account as a receipt (whether or not on the cash basis) under section 96A(3I) of ITTOIA 2005 in calculating the profits of a trade, profession or vocation (capital receipts under, or after leaving, cash basis: trades, professions and vocations), or
- (b) are brought into account as a receipt (whether or not on the cash basis) under section 307E(12) of that Act in calculating the profits of a property business (capital receipts under, or after leaving, cash basis: property businesses).
- (5A) “*Relevant disposal proceeds*” means disposal proceeds as mentioned in section 96A(3F) of ITTOIA 2005 or (as the case may be) section 307E(9) of that Act which arise from the disposal mentioned in subsection (1).
- (6) Subsection (7) applies in the case of the disposal of, or of an interest in, an asset—
- (a) which, in the period of ownership of the person making the disposal—
- (i) has been used partly for the purposes of the trade, profession or vocation and partly for other purposes, or
- (ii) has been used for the purposes of the trade, profession or vocation for part of that period, or
- (b) expenditure on which by the person has qualified in part only for capital allowances.
- (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 qualified for capital allowances,
- (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, or to the expenditure qualifying for capital allowances.
- (8) In this section “*property business*” means a UK property business or an overseas property business within the meaning of Part 3 of ITTOIA 2005 (see sections 264 and 265 of that Act).
##### 47B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter 5 — Computation of gains and losses: relevant high value disposals
##### 57A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 100A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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.
#### Company that receives mixed consideration: N does not exceed C
#### Interpretation of sections 194 to 195F .
#### Company that gives mixed consideration
## SCHEDULE 4ZZA
### Introductory
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Assets held on 5 April 2013, 5 April 2015 or 5 April 2016: no paragraph 5 election
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Election for paragraph 2 to 4 not to apply to a chargeable interest
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where election made or or none of Cases 1 to 3 apply
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustments of ATED chargeable days
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 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
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 236C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 236D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 236E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 236F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 236G
- (1) This section applies where an individual has acquired shares in consideration of entering into an agreement by virtue of which the individual is an employee shareholder (see section 205A(1)(a) to (d) of the Employment Rights Act 1996).
- (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.
#### Restrictions on buying gains: tax avoidance schemes
#### Restrictions on setting losses against pre-entry gains.
#### Disposals of interests in oil fields etc: ring fence provisions.
#### Disposals by housing related bodies.
#### Amount of relief.
### 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.
#### Chargeable event when replacement property owned.
#### Chargeable events when bonds owned.
#### Chargeable events when bonds owned.
#### Only first £50,000 of shares under associated agreements to be exempt
#### Part disposal to authority with compulsory powers.
#### Gains and losses on investments in social enterprises
## 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).
### CommentaryRef Ref="key-8f1b51e533ff9b07068f2c9150edcf5f"/>UK residential property: non-resident CGT
#### Meaning of “non-resident CGT disposal”
##### 14B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14E
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14G
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14H
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 25ZA
- (1) This section applies if an interest in UK land is deemed to have been disposed of under section 25(3) by a person at any time.
- (2) The gain or loss that, but for this subsection, would have accrued to the person at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the person of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) A disposal to which section 171 (transfers within a group) applies does not count as a subsequent disposal for the purposes of this section.
- (6) A person may elect for a disposal deemed to have been made under section 25(3) to be excluded from the operation of this section.
- (7) An election made by a company must be made within 2 years after the day on which the deemed disposal occurs.
- (8) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 48A
- (1) This section applies where—
- (a) a person (“P”) has made a disposal (“the original disposal”) on which a relevant non-resident gain or relevant non-resident loss accrued,
- (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 P is not UK resident for the tax year in which the ascertained consideration is received (as determined for the purposes of Chapter 1 of Part 1)—
- (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) relevant non-resident gain or relevant non-resident 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.
- (7) In this section—
- “*relevant non-resident gain*” means—a gain that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, ora gain that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c), and
- “*relevant non-resident loss*” means an allowable loss accruing on a disposal which, had a gain accrued instead, would have been a relevant non-resident gain.
### Chapter 6 — Computation of gains and losses: non-resident CGT disposals
##### 57B
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##### 80A
- (1) This section applies if—
- (a) an interest in UK land is deemed to have been disposed of under section 80(2) by trustees of a settlement at any time, and
- (b) the trustees make an election under this subsection.
- (2) The gain or loss that, but for this subsection, would have accrued to the trustees at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the trustees of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 159A
- (1) This section applies in a case where—
- (a) the old assets that are disposed of are interests in UK land, and
- (b) a chargeable gain accruing on the disposal would (apart from section 152) be within the charge to tax because of section 1A(3)(b) or 2B(4)(a).
- (2) Section 152 applies only if the new assets that are acquired are interests in UK land.
- (3) In this section—
- (a) “*interest in UK land*” has the meaning given by section 1C,
- (b) “*the old assets*” and “*the new assets*” have the same meaning as in section 152,
- (c) any reference to a disposal of the old assets includes a disposal of an interest in them,
- (d) the reference to the acquisition of the new assets includes the acquisition of an interest in them or entering into an unconditional contract for their acquisition.
##### 167A
- (1) This section applies where the disposal in relation to which a claim could be made under section 165 is a disposal of an asset within section 1A(3)(b) or (c) 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 direct or indirect disposal of UK land which meets the non-residence condition (whether or not that is the case), that gain would be a relevant gain (see subsections (6) and (7)).
- (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 direct or indirect disposal of UK land which meets the non-residence condition—
- (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 “relevant gain”,
- (b) section 165(6) has effect in relation to the disposal as if the references to “chargeable gain” were references to “relevant 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 relevant 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 asset within section 1A(3)(b) or (c) 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 a relevant gain.
- (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) For the purposes of this section, a disposal is a “direct or indirect disposal of UK land which meets the non-residence condition” if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, or
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c).
- (7) For the purposes of this section, a “*relevant gain*” means so much of any chargeable gain accruing on a disposal as falls to be dealt with as mentioned in subsection (6)(a) or (b).
##### 168A
- (1) This section applies if—
- (a) an interest in UK land is deemed to have been disposed of under section 168(1) by a transferee at any time, and
- (b) the transferee makes an election under this subsection.
- (2) The held-over gain (within the meaning of section 165 or 260) that, but for this subsection, would have accrued to the transferee at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the transferee of the whole or part of the interest in UK land, the whole or a corresponding part of the held-over gain is treated as accruing on the subsequent disposal.
- (4) This gain is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) In this section “*interest in UK land*” has the meaning given by section 1C.
##### 169LA
- (1) Subject to subsection (1A), 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”), and
- (b) immediately after the disposal, P meets any of the personal company conditions in the case of C or any company which is a member of a group of companies of which C is a member.
- (1ZA) For the purposes of subsection (1)(b)—
- (a) the reference to the personal company conditions is a reference to any of the conditions in 169S(3)(a), (b), (c)(i) or (ii), and
- (b) P is taken to have all the rights and interests of any relevant connected person.
- (1ZB) For the purposes of subsection (1ZA)—
- (a) section 169S(3) is treated as having effect with the omission of the references to “by virtue of that holding”,
- (b) section 169S(3A)(a) and (b) are to apply for the purposes of section 169S(3)(c)(ii) but as if the reference to the final day of the period mentioned in section 169S(3A)(a) were to the time immediately after the disposal, and
- (c) the condition in section 169S(3)(c)(i) is to be read as containing two separate conditions (one relating to profits and the other relating to assets).
- (1A) Where—
- (a) subsection (1)(b) applies by virtue of P's ownership, or any relevant connected person's ownership, of C's ordinary share capital, and
- (b) the conditions mentioned in subsection (1B) are met,
subsection (4) does not apply.
- (1B) The conditions referred to in subsection (1A)(b) are—
- (a) P and any relevant connected person dispose of C's ordinary share capital to another company (“A”) such that, immediately before the end of the relevant period, neither P nor any relevant connected person own any of C's ordinary share capital, and
- (b) where A is a close company, immediately before the end of the relevant period—
- (i) P and any relevant connected person together own less than 5% of the ordinary share capital of A or of any company which is a member of a group of companies of which A is a member, and
- (ii) P and any relevant connected person together hold less than 5% of the voting rights in A or in any company which is a member of a group of companies of which A is a member.
- (1C) In subsection (1B) “*the relevant period*” means the period of 28 days beginning with the date of the qualifying business disposal, or such longer period as the Commissioners for Her Majesty's Revenue and Customs may by notice allow.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (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 ... .
- (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, ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable);
- “*group*” is to be construed in accordance with section 170;
- “*relevant connected person*” means— a company connected with P, andtrustees connected with P.
### 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 an interest in UK land is deemed to have been disposed of under section 185(2) by a company at any time.
- (2) The gain or loss that, but for this subsection, would have accrued to the company at that time is not to accrue at that time.
- (3) But, on a subsequent disposal by the company of the whole or part of the interest in UK land, the whole or a corresponding part of the gain or loss is treated as accruing on the subsequent disposal.
- (4) This gain or loss is in addition to any gain or loss that actually accrues on the subsequent disposal.
- (5) A company may elect for a disposal deemed to have been made under section 185(2) to be excluded from the operation of this section.
- (6) The election must be made within 2 years after the day on which the deemed disposal occurs.
- (7) In this section “*interest in UK land*” has the meaning given by section 1C.
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 188A
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##### 188B
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##### 188C
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##### 188D
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##### 188E
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##### 188F
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##### 188G
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##### 188H
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##### 188I
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##### 188J
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##### 188K
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##### 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—
- (i) a disposal on which a residential property gain (as defined by Schedule 1B) accrues which is chargeable to capital gains tax because of section 1A(3)(b), or
- (ii) a disposal on which a loss accrues but is one which, had a gain accrued, would be within sub-paragraph (i).
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 return under Schedule 2 to the Finance Act 2019 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 a return under Schedule 2 to the Finance Act 2019 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 disposal falling within section 222A(1)(b) (non-resident disposals), 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 271ZA(2) (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 return under Schedule 2 to the Finance Act 2019 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.
#### Company that receives mixed consideration: N exceeds C
#### Company that gives mixed consideration
#### Replacement of business assets used in connection with oil fields.
#### Chargeable event when replacement property owned.
##### 261ZA
- (1) This section applies where the disposal in relation to which a claim could be made under section 260 is a disposal of an asset within section 1A(3)(b) or (c) 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 direct or indirect disposal of UK land which meets the non-residence condition (whether or not that is the case), that gain would be a relevant gain (see subsections (6) and (7)).
- (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 direct or indirect disposal of UK land which meets the non-residence condition—
- (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 “relevant 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 relevant 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 asset within section 1A(3)(b) or (c) 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 relevant gain accruing on a direct or indirect disposal of UK land which meets the non-residence condition.
- (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 direct or indirect disposal of UK land which meets the non-residence condition, the relevant gain) accruing on the disposal, and
- (ii) the held-over gain deemed to accrue under subsection (4).
- (6) For the purposes of this section, a disposal is a “direct or indirect disposal of UK land which meets the non-residence condition” if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection, or
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c).
- (7) For the purposes of this section, a “*relevant gain*” means so much of any chargeable gain accruing on a disposal as falls to be dealt with as mentioned in subsection (6)(a) or (b).
#### Chargeable events when bonds owned.
#### Treating trade loss etc as CGT loss
#### Consideration payable by instalments.
#### Effect of election under section 279A
## SCHEDULE B1
### Meaning of “disposal of a UK residential property interest”
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### “Interest in UK land”
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Grants of options
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “dwelling”
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Power to modify meaning of “use as a dwelling”
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Damage to a dwelling
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Demolition of a building
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposal of a building that has undergone works
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Retrospective planning permission or development consent
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE C1
## PART 1 — Meaning of “closely-held company”
### Introduction
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Main definition
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 5
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##### 6
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### Meaning of “control”
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 2 — Unit trust schemes and OEICs: widely-marketed schemes
### Introduction
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Widely-marketed schemes
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for certain disposals to which both this Schedule and Schedule 4ZZB relate
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Wasting assets
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Capital allowances
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 4ZZB
## PART 1 — Introduction
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 2 — Elections for alternative methods of computation
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
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## PART 3 — Main computation rules
### Disposals to which this Part applies
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Introduction to paragraphs 6 to 8
##### 5
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### Assets held at 5 April 2015: default method
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Modified application of paragraphs 5 to 7 where election made for straight-line time apportionment
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where asset acquired after 5 April 2015 or election made under paragraph 2(1)(b)
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 4 — Cases involving relevant high value disposals
### Overview
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposal involving one or more relevant high value disposals
##### 12
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### Assets held at 5 April 2015 (where no election made and no rebasing in 2016 required)
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Asset acquired after 5 April 2015 or election made under paragraph 2(1)(b) (but no rebasing in 2016 required)
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Certain disposals after 5 April 2016 (computation involving additional rebasing in 2016)
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Amount of gain or loss that is neither ATED-related nor an NRCGT gain or loss
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 18
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##### 19
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### Where relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 5 — Special rules for companies
##### 22
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Indexation
##### 23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 6 — Miscellaneous provisions
### Wasting assets
##### 24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Capital allowances
##### 25
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 7 — Interpretation
##### 26
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Prevention of double charge.
#### Leases of land and other assets.
#### Exemption for employee shareholder shares
#### Small part disposals.
#### Location of certain intangible assets
#### Application of section 255B(2) where SI relief has been reduced
#### Charities.
### Chapter 5 — Carried interest
##### 103KA
- (1) This section applies where—
- (a) an individual (“A”) performs investment management services directly or indirectly in respect of an investment scheme under arrangements involving at least one partnership, and
- (b) carried interest arises to A under the arrangements.
- (2) If the carried interest arises to A in connection with the disposal of one or more assets of the partnership or partnerships—
- (a) a chargeable gain equal to the amount of the carried interest less any permitted deductions (and no other chargeable gain or loss) is to be treated as accruing to A on the disposal, and
- (b) the chargeable gain is to be treated as accruing to A at the time the carried interest arises.
- (3) If the carried interest arises to A in circumstances other than those specified in subsection (2), a chargeable gain of an amount equal to the amount of the carried interest less any permitted deductions is to be treated as accruing to A at the time the carried interest arises.
- (4) Subsections (2) and (3) do not apply in relation to carried interest to the extent that—
- (a) it is brought into account in calculating the profits of a trade of A for the purposes of income tax for any tax year, or
- (b) it constitutes a co-investment repayment or return.
- (5) For the purpose of subsections (2) and (3) “*permitted deductions*” in relation to A means such parts of the amounts specified in subsection (6) as is just and reasonable.
- (6) The amounts referred to in subsection (5) are—
- (a) the amount of any consideration in money given to the scheme by or on behalf of A wholly and exclusively for entering into the arrangements referred to in subsection (1)(a) (but not consideration in respect of co-investments),
- (b) any amount that constituted earnings of A under Chapter 1 of Part 3 of ITEPA 2003 (earnings) in respect of A's entering into those arrangements (but not any earnings in respect of co-investments or any amount of exempt income within the meaning of section 8 of that Act), and
- (c) any amount which, by reason of events occurring no later than the time the carried interest arises, counts as income of A under the enactments referred to in section 119A(3) in respect of A's participation in the arrangements referred to in subsection (1)(a) (but not an amount counting as income of A in respect of co-investments); and section 119A(5) applies for the purposes of this paragraph as it applies for the purposes of section 119A(4).
For the purposes of this Act no other deduction may be made from the amount of the carried interest referred to in subsection (2) or (3).
- (7) Where the carried interest arises to A by virtue of his or her acquisition of a right to it from another person for consideration given in money by or on behalf of A, the amount of the chargeable gain accruing to A under subsection (2) or (3) is, on the making of a claim by A under this subsection, to be regarded as reduced by the amount of the consideration.
- (8) In this section—
- “*co-investment*”, in relation to A, means an investment made directly or indirectly by A in the scheme, where there is no return on the investment which is not an arm's length return within the meaning of section 809EZB(2) of ITA 2007;
- “*co-investment repayment or return*” means a repayment in whole or in part of, or a return on, a co-investment;
- “*trade*” includes profession or vocation.
##### 103KB
- (1) For the purposes of section 103KA, consideration received or receivable by an individual for the disposal, variation, loss or cancellation of a right to carried interest is to be treated as carried interest arising to that individual at the time of the disposal, variation, loss or cancellation.
- (2) But subsection (1) does not apply if and to the extent that the consideration is a disguised fee arising to the individual for the purposes of section 809EZA of ITA 2007.
##### 103KC
In a case where section 103KA applies, a chargeable gain accruing or treated as accruing to an individual in respect of carried interest is a chargeable gain accruing on the disposal of an asset situated outside the United Kingdom only to the extent that the individual performs the services referred to in section 103KA(1)(a) outside the United Kingdom.
##### 103KD
In determining whether section 103KA applies in relation to an individual, no regard is to be had to any arrangements the main purpose, or one of the main purposes, of which is to secure that that section does not to any extent apply in relation to—
- (a) the individual, or
- (b) the individual and one or more other individuals.
##### 103KE
- (1) This section applies where—
- (a) capital gains tax is charged on an individual by virtue of section 103KA in respect of any carried interest, and
- (b) Condition A or Condition B is met.
- (2) Condition A is that—
- (a) at any time, tax (whether income tax or another tax) charged on the individual in relation to the carried interest has been paid by the individual (and has not been repaid), and
- (b) the amount on which tax is charged as specified in subsection (1)(a) is not a permissible deduction under section 103KA(6)(b) or (c).
- (3) Condition B is that at any time tax (whether income tax or another tax) charged on another person in relation to the carried interest has been paid by that other person (and has not been repaid).
- (4) In order to avoid a double charge to tax, the individual may make a claim for one or more consequential adjustments to be made in respect of the capital gains tax charged as mentioned in subsection (1)(a).
- (5) On a claim under this section an officer of Revenue and Customs must make such of the consequential adjustments claimed (if any) as are just and reasonable.
- (6) The value of any consequential adjustments made must not exceed the lesser of—
- (a) the capital gains tax charged as mentioned in subsection (1)(a), and
- (b) the tax charged as mentioned in subsection (2)(a) or (3).
- (7) Consequential adjustments may be made—
- (a) in respect of any period,
- (b) by way of an assessment, the modification of an assessment, the amendment of a claim, or otherwise, and
- (c) despite any time limit imposed by or under an enactment.
- (8) Where—
- (a) an individual makes a claim under this section in respect of a year of assessment, and
- (b) apart from this subsection, an amount falls to be deducted under section 1(3)(b) from the total amount of chargeable gains accruing to the individual in that year,
the individual may elect that the amount to be so deducted be reduced by any amount not exceeding the amount on which tax is charged as specified in subsection (2)(a) or (3).
##### 103KF
- (1) If—
- (a) a chargeable gain accrues to an external investor in an investment scheme on the disposal of one or more partnership assets, and
- (b) the external investor makes a claim for relief under this section,
then subsection (2) applies in relation to the disposal.
- (2) The amount of the chargeable gain is to be reduced by an amount equal to—
$$I − C$where—I is an amount equal to such part of the sum invested in the fund by the external investor which on a just and reasonable basis is referable to the asset or assets disposed of, andC is the amount deducted under section 38(1)(a) in respect of consideration given wholly and exclusively for the acquisition of the asset or assets.$
##### 103KG
- (1) For the purposes of this Chapter, carried interest “arises” to an individual (“A”) if, and only if, it arises to him or her for the purposes of Chapter 5E of Part 13 of ITA 2007.
- (2) But section 809EZDB of ITA 2007 (sums arising to connected company or unconnected person) does not apply in relation to a sum of carried interest arising to—
- (a) a company connected with A, or
- (b) a person not connected with A,
where the sum is deferred carried interest in relation to A.
- (3) In this section, “*deferred carried interest*”, in relation to A—
- (a) means a sum of carried interest where the provision of the sum to A or a person connected with A is deferred (whether pending the meeting of any conditions (including conditions which may never be met) or otherwise), and
- (b) includes A's share (as determined on a just and reasonable basis) of any carried interest the provision of which to A and one or more other persons, taken together, has been deferred (whether pending the meeting of any conditions (including conditions which may never be met) or otherwise).
In this subsection, in a case where the sum referred to in subsection (2) arises to a company connected with A, the reference to a person connected with A does not include that company.
- (4) Where—
- (a) section 809EZDB of ITA 2007 has been disapplied in relation to a sum of deferred carried interest by virtue of subsection (2),
- (b) the sum ceases to be deferred carried interest in relation to A, and
- (c) the sum does not in any event arise to A apart from this subsection,
the sum is to be regarded as arising to A at the time it ceases to be deferred carried interest.
- (5) But subsection (4) does not apply if—
- (a) none of the enjoyment conditions is met in relation to the sum when it ceases to be deferred carried interest, and
- (b) there is no reasonable likelihood that any of those conditions will ever be met in relation to the sum.
- (6) The enjoyment conditions are—
- (a) the sum, or part of the sum, is in fact so dealt with by any person as to be calculated at some time to enure for the benefit of A or a person connected with A;
- (b) the sum's ceasing to be deferred carried interest in relation to A operates to increase the value to A or a person connected with A of any assets which—
- (i) A or the connected person holds, or
- (ii) are held for the benefit of A or the connected person;
- (c) A or a person connected with A receives or is entitled to receive at any time any benefit provided or to be provided out of the sum or part of the sum;
- (d) A or a person connected with A may become entitled to the beneficial enjoyment of the sum or part of the sum if one or more powers are exercised or successively exercised (and for these purposes it does not matter who may exercise the powers or whether they are exercisable with or without the consent of another person);
- (e) A or a person connected with A is able in any manner to control directly or indirectly the application of the sum or part of the sum.
In this subsection, in a case where the sum referred to in subsection (2) arises to a company connected with A, references to a person connected with A do not include that company.
- (7) In determining whether any of the enjoyment conditions is met in relation to a sum or part of a sum—
- (a) regard must be had to the substantial result and effect of all the relevant circumstances, and
- (b) all benefits which may at any time accrue to a person as a result of the sum ceasing to be deferred carried interest in relation to A must be taken into account, irrespective of—
- (i) the nature or form of the benefits, or
- (ii) whether the person has legal or equitable rights in respect of the benefits.
- (8) The enjoyment condition in subsection (6)(b), (c) or (d) is to be treated as not met if it would be met only by reason of A holding shares or an interest in shares in a company.
- (9) The enjoyment condition in subsection (6)(a) or (e) is to be treated as not met if the sum referred to in subsection (2) arises to a company connected with A and—
- (a) the company is liable to pay corporation tax in respect of its profits and the sum is included in the computation of those profits, or
- (b) paragraph (a) does not apply but—
- (i) the company is a CFC and the exemption in Chapter 14 of Part 9A of TIOPA 2010 applies for the accounting period in which the sum arises, or
- (ii) the company is not a CFC but, if it were, that exemption would apply for that period.
In this subsection “*CFC*” has the same meaning as in Part 9A of TIOPA 2010.
- (10) But subsections (8) and (9) do not apply if the sum referred to in subsection (2) arises to the company referred to in subsection (2)(a) or the person referred to in subsection (2)(b) as part of arrangements where—
- (a) it is reasonable to assume that in the absence of the arrangements the sum or part of the sum would have arisen to A or an individual connected with A, and
- (b) it is reasonable to assume that the arrangements have as their main purpose, or one of their main purposes, the avoidance of a liability to pay income tax, capital gains tax, inheritance tax or corporation tax.
- (11) The condition in subsection (10)(b) is to be regarded as met in a case where the sum is applied directly or indirectly as an investment in a collective investment scheme.
- (12) Subsection (2) does not apply in relation to any sum in relation to which the condition in subsection (8)(b) of section 809EZDB is met by virtue of subsection (9) of that section.
- (13) Subsection (2) also does not apply if—
- (a) it is reasonable to assume that the deferral referred to in subsection (3)(a) or (b) is not the effect of genuine commercial arrangements, or
- (b) that deferral is the effect of such arrangements but it is reasonable to assume that the arrangements have as their main purpose, or one of their main purposes, the avoidance of a liability to pay income tax, capital gains tax, corporation tax or inheritance tax.
- (14) In subsection (13), “*genuine commercial arrangements*” means arrangements involving A (alone or jointly with others performing investment management services) and external investors in the investment scheme.
- (15) Section 993 of ITA 2007 (meaning of “connected”) applies for the purposes of this section but as if—
- (a) subsection (4) of that section were omitted, and
- (b) partners in a partnership in which A is also a partner were not “associates” of A for the purposes of sections 450 and 451 of CTA 2010 (“control”).
##### 103KH
- (1) In this Chapter—
- “*arrangements*” has the same meaning as in Chapter 5E of Part 13 of ITA 2007 (see section 809EZE of that Act);
- “*carried interest*”, in relation to arrangements referred to in section 103KA(1)(a), has the same meaning as in section 809EZB of ITA 2007 (see sections 809EZC and 809EZD of that Act);
- “*investment scheme*”, “*investment management services*” and “*external investor*” have the same meanings as in Chapter 5E of Part 13 of ITA 2007 (see sections 809EZA(6) and 809EZE of that Act).
#### Restrictions on buying losses: tax avoidance schemes
#### Disposals by Northern Ireland housing associations.
#### Amount of relief: non-resident CGT disposals
#### Charities.
#### Gains and losses on investments in social enterprises
#### Application of section 255B(2) where SI relief has been reduced
#### Reorganisations involving shares to which SI relief is attributable
##### 4BA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4BB
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chapter 7 — Computation of gains and losses: disposals of residential property interests
##### 57C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 169SA
Schedule 7ZA gives the meaning in this Chapter of “trading company” and “trading group”.
### Chapter 5 — Investors' relief
### Overview
##### 169VA
- (1) This Chapter provides for a relief, in the form of a lower rate of capital gains tax, in respect of disposals of (and disposals of interests in) certain ordinary shares in unlisted companies.
- (2) Section 169VB defines “qualifying shares”, “potentially qualifying shares” and “excluded shares”.
- (3) Section 169VC creates the relief, and relief under that section is to be known as “investors' relief”.
- (4) Section 169VD makes provision about disposals from holdings consisting partly of qualifying shares.
- (5) Sections 169VE to 169VG contain rules for cases where there have been previous disposals from a holding, to determine which shares remain in the holding.
- (6) Sections 169VH and 169VI make provision about disposals by trustees of a settlement.
- (7) Section 169VJ makes provision about disposals of interests in shares.
- (8) Sections 169VK and 169VL provide for a cap on the amount of investors' relief that can be claimed.
- (9) Section 169VM makes provision about claims for investors' relief.
- (10) Sections 169VN to 169VT make provision about how investors' relief applies following a company's reorganisation of its share capital, an exchange of shares or securities or a scheme of reconstruction.
- (11) Sections 169VU to 169VY contain definitions for the purposes of this Chapter.
### Qualifying shares
##### 169VB
- (1) Where there is a disposal of all or part of (or of an interest in) a holding of shares in a company, this section applies to determine whether a share which is in the holding at the time immediately before the disposal (“*the relevant time*”) is for the purposes of this Chapter—
- (a) a qualifying share,
- (b) a potentially qualifying share, or
- (c) an excluded share.
- (2) The share is a “qualifying share” at the relevant time if—
- (a) the share was subscribed for, within the meaning given by section 169VU, by the person making the disposal (“the investor”),
- (b) the investor has held the share continuously for the period beginning with the issue of the share and ending with the relevant time (“the share-holding period”),
- (c) the share was issued on or after 17 March 2016,
- (d) at the time the share was issued, none of the shares or securities of the company that issued it were listed on a recognised stock exchange,
- (e) the share was an ordinary share when issued and is an ordinary share at the relevant time,
- (f) the company that issued the share—
- (i) was a trading company or the holding company of a trading group (as defined by section 169VV) when the share was issued, and
- (ii) has been so throughout the share-holding period,
- (g) at no time in the share-holding period was the investor or a person connected with the investor a relevant employee in respect of that company (within the meaning given by section 169VW), and
- (h) the period beginning with the date the share was issued and ending with the date of the disposal is at least 3 years.
- (3) The share is a “potentially qualifying share” at the relevant time if—
- (a) the conditions in subsection (2)(a) to (g) are met, but
- (b) the period beginning with the date the share was issued and ending with the date of the disposal is less than 3 years.
- (4) The share is an “excluded share” at the relevant time if it is, at that time—
- (a) not a qualifying share, and
- (b) not a potentially qualifying share.
- (5) This section is subject to Schedule 7ZB (disqualification of share where value received by investor).
- (6) In relation to a share issued on or after 17 March 2016 but before 6 April 2016, any reference in subsection (2)(h) or (3) to “3 years” is to be read as a reference to the minimum period.
- (7) In subsection (6) “*the minimum period*” means the period of 3 years extended by a period equal in length to the period beginning with the date the share was issued and ending with 5 April 2016.
### The relief
##### 169VC
- (1) This section applies where—
- (a) a qualifying person disposes of a holding, or part of a holding, of shares in a company, and
- (b) immediately before that disposal some or all of the shares in the holding are qualifying shares.
- (2) If—
- (a) a chargeable gain accrues to the qualifying person on the disposal, and
- (b) a claim for relief under this section is made,
the rate of capital gains tax in respect of the relevant gain is 10 per cent.
- (3) In subsection (2) “*the relevant gain*” means—
- (a) where immediately before the disposal all the shares in the holding are qualifying shares, the chargeable gain on the disposal;
- (b) where at that time only some of the shares in the holding are qualifying shares, the appropriate part of that chargeable gain (defined by section 169VD).
- (4) In this section—
- (a) subsection (1) is subject to section 169VH (disposals by trustees of a settlement: further conditions for relief), and
- (b) subsection (2) is subject to—
- section 169VI (reduction of relief for certain disposals by trustees of a settlement), and
- sections 169VK and 169VL (cap on investors' relief).
- (5) A reference in subsection (3) to the chargeable gain on the disposal, or to the appropriate part of that gain, is a reference to that chargeable gain, or (as the case may be) that part, after any deduction of allowable losses which is made in accordance with this Act from that chargeable gain or from that part.
- (6) For the application of this section to disposals of interests in shares, see section 169VJ.
- (7) In this Chapter a “*qualifying person*” means—
- (a) an individual, or
- (b) the trustees of a settlement.
##### 169VD
- (1) This section applies where—
- (a) a disposal (“the disposal concerned”) is made as mentioned in section 169VC(1), and
- (b) at the time immediately before the disposal, only some of the shares in the holding are qualifying shares.
- (2) Where this section applies, for the purposes of section 169VC(3) “the appropriate part” of the chargeable gain on the disposal is so much of that chargeable gain as is found by multiplying it by the appropriate fraction.
- (3) The appropriate fraction is—
$$Q T$where—Q is the number of qualifying shares found under subsection (4), andT is the total number of shares disposed of in the disposal concerned.$
- (4) The number of qualifying shares found under this subsection is—
- (a) all the qualifying shares in the holding at the time immediately before the disposal concerned, or
- (b) if less, such number of those qualifying shares as equals the number of shares disposed of in that disposal.
##### 169VE
- (1) This section applies where—
- (a) a particular disposal is made as mentioned in section 169VC(1)(a) (“the current disposal”),
- (b) there have been one or more previous disposals of shares from the holding mentioned in section 169VC(1) before the current disposal, and
- (c) it is necessary to determine for the purposes of this Chapter which shares are to be treated as in the holding immediately before the current disposal (and, accordingly, which shares are to be treated as having been disposed of in those previous disposals).
- (2) In the case of a previous disposal as regards which investors' relief has been claimed or is being claimed, the shares to be treated as disposed of in that previous disposal are to be determined in accordance with the rules in section 169VF.
- (3) In the case of a previous disposal not falling within subsection (2), the shares to be treated as disposed of in that previous disposal are to be determined in accordance with the rules in section 169VG.
##### 169VF
- (1) The rules referred to in section 169VE(2) are as follows; and in this section “*the disposal concerned*” means the previous disposal mentioned in section 169VE(2).
- (2) There are to be treated as having been disposed of in the disposal concerned—
- (a) all the qualifying shares in the holding at the time immediately before that disposal (“*the material time*”), or
- (b) if less, such number of those qualifying shares as equals the number of shares disposed of in that disposal.
- (3) If—
- (a) the number of qualifying shares in the holding at the material time was less than the total number of shares disposed of, and
- (b) excluded shares were in the holding at the material time,
the available excluded shares are also to be treated as having been disposed of.
- (4) “*The available excluded shares*” means—
- (a) all the excluded shares in the holding at the material time, or
- (b) if less, such number of those excluded shares as is equal to the difference between—
- (i) the total number of shares disposed of, and
- (ii) the number of qualifying shares in the holding at the material time.
- (5) If the number of shares treated under subsections (2) to (4) as disposed of in the disposal concerned is less than the total number of shares disposed of, such number of the potentially qualifying shares in the holding at the material time as is equal to the difference are also to be treated as having been disposed of.
- (6) Where the number of potentially qualifying shares in the holding at the material time exceeds the difference mentioned in subsection (5), under that subsection potentially qualifying shares acquired later are to be treated as disposed of in preference to ones acquired earlier.
- (7) In this section “disposed of” (without more) means disposed of in the disposal concerned.
##### 169VG
- (1) The rules referred to in section 169VE(3) are as follows; and in this section “*the disposal concerned*” means the previous disposal mentioned in section 169VE(3).
- (2) If any excluded shares were in the holding at the time immediately before the disposal concerned (“*the material time*”), the maximum number of excluded shares are to be treated as having been disposed of in the disposal concerned.
- (3) “*The maximum number of excluded shares*” means—
- (a) all the excluded shares in the holding at the material time, or
- (b) if less, such number of those excluded shares as is equal to the number of shares disposed of.
- (4) If—
- (a) there were no excluded shares in the holding at the material time, or the number of such shares was less than the total number of shares disposed of, and
- (b) potentially qualifying shares were in the holding at the material time,
the available potentially qualifying shares are to be treated as having been disposed of.
- (5) “*The available potentially qualifying shares*” means—
- (a) all the potentially qualifying shares in the holding at the material time, or
- (b) if less, such number of those potentially qualifying shares as is equal to the difference between—
- (i) the total number of shares disposed of, and
- (ii) the number of excluded shares in the holding at the material time.
- (6) Where the number of potentially qualifying shares in the holding at the material time exceeds the difference mentioned in subsection (5), potentially qualifying shares acquired later are to be treated as disposed of in preference to ones acquired earlier.
- (7) If the number of shares treated under subsections (2) to (5) as disposed of in the disposal concerned is less than the total number of shares disposed of, such number of the qualifying shares in the holding at the material time as is equal to the difference are to be treated as having been disposed of.
- (8) In this section “disposed of” (without more) means disposed of in the disposal concerned.
### Trustees of a settlement: special provision
##### 169VH
- (1) Where a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement, section 169VC does not apply to the disposal unless there is at least one individual who is an eligible beneficiary in respect of the disposal.
- (2) For the purposes of this section, an individual is an “eligible beneficiary” in respect of the disposal if—
- (a) at the time immediately before the disposal, the individual has under the settlement an interest in possession in settled property that includes or consists of the holding of shares mentioned in section 169VC(1),
- (b) the individual has had such an interest in possession under the settlement throughout the period of 3 years ending with the date of the disposal,
- (c) at no time in that period has the individual been a relevant employee in respect of the company that issued the shares (within the meaning given by section 169VW), and
- (d) the individual has (by the time of the claim under section 169VC in respect of the disposal) elected to be treated as an eligible beneficiary in respect of the disposal.
- (3) For the purposes of subsection (2)(d), an individual elects to be treated as an eligible beneficiary in respect of a disposal if the individual tells the trustees (by whatever means) that he or she wishes to be so treated; and an election under subsection (2)(d) may be withdrawn by the individual at any time until the claim is made.
- (4) In this section “*interest in possession*” does not include an interest in possession for a fixed term.
- (5) In relation to a disposal made by the trustees of a settlement, any reference in section 169VB(2)(g) to the investor is to be read as a reference to any trustee of the settlement.
##### 169VI
- (1) Subsection (2) applies where—
- (a) a disposal falling within section 169VC(1)(a) and (b) is made by the trustees of a settlement,
- (b) section 169VC applies to the disposal by reason of there being at least one individual who is an eligible beneficiary in respect of the disposal (see section 169VH), and
- (c) at the time immediately before the disposal, there are two or more persons each of whom has under the settlement an interest in possession in the settled property.
- (2) In such a case the reference in section 169VC(2) to the relevant gain is to be read as a reference—
- (a) to the eligible beneficiary's share of the relevant gain (see subsections (3) to (6)), or
- (b) if there is more than one individual who is an eligible beneficiary in respect of the disposal, to so much of the relevant gain as is equal to the aggregate of the eligible beneficiaries' shares of that gain.
- (3) In this section—
- “*eligible beneficiary*” has the meaning given by section 169VH(2);
- “*relevant gain*” has the meaning given by section 169VC(3);
- “*the settled property*” means settled property that includes or consists of the holding of shares mentioned in section 169VC(1).
- (4) Subsection (5) applies to determine for the purposes of this Chapter, in relation to any individual who is an eligible beneficiary in respect of a disposal within section 169VC(1) made by the trustees of a settlement, that individual's share of the relevant gain.
- (5) That individual's share of the relevant gain on the disposal is so much of the relevant gain on the disposal as bears to the whole of that gain the same proportion as X bears to Y, where—
- X is the interest in possession (other than for a fixed term) which, at the time immediately before the disposal, that individual has under the settlement in the income from the holding of shares mentioned in section 169VC(1), and
- Y is all the interests in that income that persons (including that individual) with interests in possession in that holding have under the settlement at that time.
### Disposals of interests in shares
##### 169VJ
- (1) In section 169VC(1)(a), the reference to the case where a qualifying person disposes of a holding, or part of a holding, of shares in a company includes the case where a qualifying person disposes of an interest in a relevant holding.
- (2) In this section a “*relevant holding*” means either—
- (a) a number of shares in a company which are of the same class and were acquired in the same capacity jointly by the same two or more persons including the qualifying person, or
- (b) a number of shares in a company which are of the same class and were acquired in the same capacity by the qualifying person solely.
- (3) In this section—
- (a) “an interest” in a relevant holding means any interests of the qualifying person, in any of the shares in the relevant holding, which are by virtue of section 104 to be regarded as a single asset, and
- (b) references to an interest include part of an interest.
- (4) Where section 169VC(1) applies by reason of this section, section 169VD(3) and (4) have effect as if any reference to the number of shares disposed of were a reference to the number of shares an interest in which is disposed of.
- (5) In relation to a disposal by the trustees of a settlement of an interest in a relevant holding falling within subsection (2)(a), sections 169VH(2) and 169VI(3) and (5) have effect as if any reference to the holding of shares mentioned in section 169VC(1) were to the interest disposed of.
- (6) In accordance with subsection (1)—
- (a) in sections 169VN(1)(d), 169VP(1)(d) and 169VS(1)(d) (reorganisations), any reference to a disposal of all or part of a holding includes a disposal by the qualifying person of an interest in the holding, and
- (b) the reference in section 169VT(2) to a disposal of the original shares is to be read, in relation to a case where the original shares fall within subsection (2)(a) above, as a reference to a disposal of the qualifying person's interest in those shares.
### Cap on relief
##### 169VK
- (1) This section applies if, on a disposal within section 169VC(1) made by an individual (“the individual concerned”), the aggregate of—
- (a) the amount of the relevant gain on the disposal (“the gain in question”),
- (b) the total amount of any gains that, in relation to earlier disposals by the individual concerned, were charged at the rate in section 169VC(2), and
- (c) the total amount of any reckonable trust gains that, on any previous trust disposals in respect of which the individual concerned was an eligible beneficiary, were charged at the rate in section 169VC(2),
exceeds £10 million.
- (2) The rate in section 169VC(2) applies only to so much (if any) of the gain in question as, when added to the aggregate of the total amounts mentioned in subsection (1)(b) and (c), does not exceed £10 million.
- (3) Section 1H (rates of capital gains tax) applies to so much of the gain in question as is not subject to the rate in section 169VC(2).
- (4) In this section—
- “*eligible beneficiary*”, in relation to a disposal, is to be read in accordance with section 169VH(2);
- “*reckonable trust gain*”, in relation to a trust disposal in respect of which the individual concerned was an eligible beneficiary, means—if section 169VI(1)(c) applied in relation to the disposal, that individual's share of the relevant gain on that disposal, within the meaning given by section 169VI(4) and (5);otherwise, the relevant gain on that disposal;
- “*the relevant gain*”, in relation to a disposal, has the meaning given by section 169VC(3);
- “*trust disposal*” means a disposal by the trustees of a settlement.
##### 169VL
- (1) This section applies where—
- (a) a disposal (“the disposal in question”) is made by the trustees of a settlement,
- (b) that disposal is within section 169VC(1), and
- (c) there is an excess amount in relation to an individual who is an eligible beneficiary in respect of the disposal in question (“the individual concerned”).
- (2) For the purposes of this section there is an “*excess amount*” in relation to the individual concerned if the aggregate of—
- (a) the amount of the current gain,
- (b) the total amount of any gains that, in relation to earlier disposals made by the individual concerned, were charged at the rate in section 169VC(2), and
- (c) the total amount of any reckonable trust gains that, on any previous trust disposals in respect of which the individual concerned was an eligible beneficiary, were charged at the rate in section 169VC(2),
exceeds £10 million.
- (3) The rate in section 169VC(2) applies to the current gain only to the extent (if any) that the current gain when added to the aggregate of the total amounts mentioned in subsection (2)(b) and (c) does not exceed £10 million.
- (4) Section 1H (rates of capital gains tax) applies to so much of the current gain as is not subject to the rate in section 169VC(2).
- (5) In this section—
- “*the current gain*” means the reckonable trust gain on the disposal in question;
- “*eligible beneficiary*”, in relation to a disposal, is to be read in accordance with section 169VH(2);
- “*reckonable trust gain*”, in relation to any trust disposal in respect of which the individual concerned is an eligible beneficiary, means—if section 169VI(1)(c) applies in relation to the disposal, that individual's share of the relevant gain on that disposal, within the meaning given by section 169VI(4) and (5);otherwise, the relevant gain on that disposal;
- “*the relevant gain*”, in relation to a disposal, has the meaning given by section 169VC(3);
- “*trust disposal*” means a disposal by the trustees of a settlement.
### Claims for relief
##### 169VM
- (1) Any claim for investors' relief must be made—
- (a) in the case of a disposal by an individual, by that individual;
- (b) in the case of a disposal by the trustees of a settlement, jointly by—
- (i) the trustees, and
- (ii) the eligible beneficiary in respect of the disposal, within the meaning given by section 169VH(2) (or, if more than one, all those eligible beneficiaries).
- (2) Any claim for investors' relief in respect of a disposal must be made on or before the first anniversary of the 31 January following the tax year in which the disposal is made.
### Reorganisations
##### 169VN
- (1) This section applies where—
- (a) there is a reorganisation within the meaning of section 126,
- (b) immediately before the reorganisation, a qualifying person holds ordinary shares which, in relation to that reorganisation, are original shares within the meaning of section 126,
- (c) on the reorganisation that person does not give or become liable to give any consideration for, or for any part of, a new holding, and
- (d) at a time after the reorganisation, there is a disposal of all or part of a new holding.
- (2) In this section a “*new holding*” means—
- (a) the holding that immediately after the reorganisation is (in relation to the original shares) the new holding within the meaning of section 126, or
- (b) where the new holding within the meaning of section 126 consists of two or more actual holdings, any of those actual holdings.
- (3) Subsections (4) and (5) apply for the purposes of determining (for any purpose of this Chapter) the status of shares that immediately before the disposal mentioned in subsection (1)(d) are in the new holding mentioned there (“the new holding concerned”).
- (4) Where a number of the original shares were—
- (a) subscribed for by the qualifying person,
- (b) issued on a particular date (“the relevant issue date”), and
- (c) held continuously by that person for a particular period ending immediately before the reorganisation (“the period concerned”),
the following assumption is to be made.
- (5) That assumption is that an appropriate number of the new shares were—
- (a) subscribed for by the qualifying person,
- (b) issued on the relevant issue date, and
- (c) had by the time immediately after the reorganisation already been held continuously by that person for the period concerned.
- (6) In subsections (4) and (5)—
- “*the appropriate number*” has the meaning given by section 169VO;
- “*the original shares*” means the shares held by the qualifying person immediately before the reorganisation that were original shares in relation to the reorganisation;
- “*the new shares*” means the shares that immediately after the reorganisation were in the new holding concerned (including such, if any, of the original shares as remained after the reorganisation and were in that holding).
- (7) In this section a reference to the “*status*” of a share is to whether it is qualifying, potentially qualifying or excluded.
- (8) Section 169VE applies to determine, for the purposes of this Chapter, which shares are included in a holding immediately before a reorganisation as it applies for the purposes of determining which shares are included in a holding immediately before a particular disposal.
- (9) References in this section to consideration are to be read in accordance with section 128(2).
##### 169VO
- (1) The “*appropriate number*” for the purposes of section 169VN(5) is the number found by multiplying the number of shares that are in the new holding concerned immediately after the reorganisation by the fraction—
$$A B$where—A is the number of the original shares that were—subscribed for by the qualifying person,issued on the relevant issue date, andcontinuously held by that person for the period concerned, andB is the total number of the original shares.$
- (2) In this section—
- “*the new holding concerned*” has the meaning given by section 169VN(3);
- “*the original shares*” has the meaning given by section 169VN(6);
- “*the relevant issue date*” has the meaning given by section 169VN(4);
- “*the period concerned*” has the meaning given by section 169VN(4).
##### 169VP
- (1) This section applies where—
- (a) there is a reorganisation within the meaning of section 126,
- (b) immediately before the reorganisation, a qualifying person holds ordinary shares which, in relation to that reorganisation, are original shares within the meaning of section 126,
- (c) on the reorganisation that person gives or becomes liable to give consideration for shares ( “ shares issued for consideration ”) which—
- (i) are issued to that person on the reorganisation, and
- (ii) immediately after the reorganisation are in a new holding, and
- (d) at a time after the reorganisation, there is a disposal of all or part of that new holding.
- (2) In this section a “*new holding*” means—
- (a) the holding that immediately after the reorganisation is (in relation to the original shares) the new holding within the meaning of section 126, or
- (b) where the new holding within the meaning of section 126 consists of two or more actual holdings, any of those actual holdings.
- (3) In determining, for any purpose of this Chapter, the status of shares that immediately before the disposal mentioned in subsection (1)(d) are in the new holding mentioned there—
- (a) the date of issue of the shares issued for consideration is to be taken to be their actual date of issue (rather than the date of issue of any of the original shares), and
- (b) in relation to any part of the new holding for which consideration was not given, sections 169VN(3) to (6) and 169VO apply but as if any reference to the new holding concerned were to that part of the new holding.
- (4) Section 169VN(3) to (6) and 169VO also apply in relation to any other holding which is a new holding in relation to the reorganisation and as respects which the person did not, on the reorganisation, give or become liable to give any consideration.
- (5) In this section a reference to the “*status*” of a share is to whether it is qualifying, potentially qualifying or excluded.
- (6) References in this section to consideration are to be read in accordance with section 128(2).
##### 169VQ
- (1) This section applies where section 135 applies in relation to an issue of shares in a company (“company B”) in exchange for shares in another company (“company A”).
- (2) For the purposes of sections 169VN to 169VP—
- (a) companies A and B are to be treated as if they were the same company, and
- (b) the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.
##### 169VR
- (1) This section applies where—
- (a) section 136 applies in relation to an arrangement between a company (“company A”) and the persons holding shares, or any class of shares, in company A, under which another company (“company B”) issues shares to those persons, and
- (b) under section 136(2)(a) those persons are treated as exchanging shares in company A for the shares held by them in consequence of the arrangement.
- (2) For the purposes of sections 169VN to 169VP—
- (a) companies A and B are to be treated as if they were the same company, and
- (b) the exchange of shares is to be treated as if it were a reorganisation of that company's share capital.
- (3) In the following provisions of this Chapter, any reference to an exchange of shares includes anything that section 136(2)(a) treats as an exchange of shares.
##### 169VS
- (1) This section applies where—
- (a) an ordinary share (“the original share”) is subscribed for by a qualifying person (“the investor”);
- (b) the conditions in section 169VB(2)(c) and (d) are met in relation to the original share,
- (c) the share is involved in an exchange of shares treated under section 169VQ or 169VR as a reorganisation of share capital, and accordingly is included in the original shares within the meaning of section 169VN(6), and
- (d) subsequently there is a disposal of all or part of a holding of shares that in relation to that exchange is a new holding within the meaning given by section 169VN(2).
- (2) As respects a share which is in that holding immediately before that disposal, the conditions in section 169VB(2)(f) and (g) are to be regarded as met if (and only if)—
- (a) in relation to the period beginning with the issue of the original share and ending with the exchange of shares, those conditions were met by the original share, and
- (b) in relation to the period beginning with the exchange of shares and ending with the disposal, those conditions were met by a share representing the original share.
- (3) Accordingly—
- (a) in section 169VB(2)(f) and (g) as they apply to the original share, any reference to the share-holding period is to be read as to the period mentioned in subsection (2)(a) above, and
- (b) in section 169VB(2)(f) and (g) as they apply to a share representing the original share, any reference to the share-holding period is to be read as to the period mentioned in subsection (2)(b) above.
- (4) In subsection (1)(c) “*the share*” includes a share that, following a reorganisation or following an exchange of shares in relation to which section 169VQ or 169VR applies, represents the original share, and subsections (2) and (3) apply in such a case with the necessary modifications.
##### 169VT
- (1) This section applies where—
- (a) there is—
- (i) a reorganisation (within the meaning of section 126), or
- (ii) an exchange of shares which is treated as such a reorganisation by virtue of section 135 or 136, and
- (b) the original shares and the new holding 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 investors' relief may be made as if the reorganisation or exchange of shares involved a disposal of the original shares; and if such a claim is made section 127 and sections 169VN to 169VS do not apply.
- (3) Any election under this section must be made—
- (a) if the reorganisation or exchange of shares would (apart from section 127) involve a disposal by the trustees of a settlement, jointly by—
- (i) the trustees, and
- (ii) the person who if the disposal were made would be the eligible beneficiary in respect of the disposal, within the meaning given by section 169VH(2) (or, if more than one, all the persons who would be such eligible beneficiaries);
- (b) otherwise, by the individual concerned.
- (4) Any 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 or exchange of shares takes place.
- (5) In this section “the original shares” and “the new holding” have the meaning given by section 126.
### Supplemental
##### 169VU
- (1) For the purposes of this Chapter (other than this subsection) a person “subscribes for” a share in a company if—
- (a) that person subscribes for the share,
- (b) the share is issued to that person by the company for consideration consisting wholly of cash,
- (c) the share is fully paid up at the time it is issued,
- (d) the share is subscribed for, and issued, for genuine commercial reasons and not as part of arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage to any person, and
- (e) the share is subscribed for, and issued, by way of a bargain at arm's length.
- (2) In subsection (1) “*arrangements*” and “*tax advantage*” have the same meaning as in section 16A.
- (3) If—
- (a) an individual (“A”) subscribed for, or is treated under this subsection as having subscribed for, any shares,
- (b) A transferred the shares to another individual (“B”) during their lives, and
- (c) A was living together with B as B's spouse or civil partner at the time of the transfer,
B is to be treated for the purposes of this Chapter as having subscribed for the shares.
- (4) Accordingly, for the purposes of this Chapter any period for which A held the shares continuously is to be added to, and treated as part of, the period for which B held the shares continuously.
- (5) In this Chapter, apart from subsections (3) and (4), references to a person's having subscribed for a share include the person's having subscribed for the share jointly with any other person (and references to a person's holding a share or to a share being issued to a person are to be read accordingly).
##### 169VV
- (1) In this Chapter “*trading company*” and “*the holding company of a trading group*” have the same meaning as in section 165 (see section 165A).
- (2) For the purposes of this Chapter a company is not to be regarded as ceasing to be a trading company, or the holding company of a trading group, merely because of anything done in consequence of—
- (a) the company, or any of its subsidiaries, being in administration or receivership, or
- (b) a resolution having been passed, or an order made, for the winding up of the company or any of its subsidiaries.
- (3) But subsection (2) applies only if—
- (a) the entry into administration or receivership, or the resolution or order for winding up, and
- (b) everything done as a result of the company concerned being in administration or receivership, or as a result of that resolution or order,
is for genuine commercial reasons and is not part of a scheme or arrangement the main purpose or one of the main purposes of which is the avoidance of tax.
##### 169VW
- (1) This section applies to determine for the purposes of—
- (a) section 169VB(2)(g), or
- (b) section 169VH(2)(c),
whether a particular person has at any time in the relevant period been a “relevant employee” in respect of the issuing company.
- (2) A person who has at any time in the relevant period been an officer or employee of—
- (a) the issuing company, or
- (b) a connected company,
is to be regarded as having at that time been a relevant employee in respect of the issuing company, but this is subject to subsections (3) and (5).
- (3) If—
- (a) a person is an unremunerated director of the issuing company or a connected company at any time in the relevant period, and
- (b) the condition in subsection (4) is met,
the fact that the person holds that directorship at that time does not make the person a relevant employee in respect of the issuing company at that time.
- (4) The condition referred to in subsection (3) is that at no time before the relevant period had the person mentioned in that subsection, or a person connected with that person, been—
- (a) connected with the issuing company, or
- (b) involved in carrying on (whether on the person's own account or as a partner, director or employee) the whole or any part of the trade, business or profession carried on by the issuing company or a company connected with that company.
- (5) If—
- (a) a person becomes an employee of the issuing company or a connected company at a time which is—
- (i) within the relevant period, but
- (ii) not within the first 180 days of that period,
- (b) at the beginning of the relevant period, there was no reasonable prospect that the person would become such an employee within the relevant period, and
- (c) the person is not at any time in the relevant period a director of the issuing company or a connected company,
that employment of the person does not make the person a relevant employee in respect of the issuing company at any time in the relevant period.
- (6) For the purposes of subsection (5) there is a “reasonable prospect” of a thing if it is more likely than not.
- (7) In this section—
- “*director*” is to be read in accordance with section 452 of CTA 2010,
- “*connected company*” means a company which at any time in the relevant period is connected with the issuing company (and it does not matter for this purpose whether that time is a time when the person in question is an officer or employee of either company);
- “*the issuing company*” means the company mentioned in (as the case may be) section 169VB(2)(g) or section 169VH(2)(c);
- “*the relevant period*” means the period mentioned in (as the case may be) section 169VB(2)(g) or section 169VH(2)(c);
- “*unremunerated director*” has the meaning given by section 169VX.
##### 169VX
- (1) For the purposes of section 169VW a person (“*the person concerned*”) is an “unremunerated director” of the issuing company or a connected company at a particular time in the relevant period if that person is a director of that company at that time and—
- (a) does not receive in the relevant period any disqualifying payment from the issuing company or a related person, and
- (b) is not entitled to receive any such payment in respect of that period or any part of it.
- (2) In this section “*disqualifying payment*” means any payment other than—
- (a) a payment or reimbursement of travelling or other expenses wholly, exclusively and necessarily incurred by the person concerned in the performance of his or her duties as a director,
- (b) any interest which represents no more than a reasonable commercial return on money lent to the issuing company or a related person,
- (c) any dividend or other distribution which does not exceed a normal return on the investment to which the dividend or distribution relates,
- (d) any payment for the supply of goods which does not exceed their market value,
- (e) any payment of rent for any property occupied by the issuing company or a related person which does not exceed a reasonable and commercial rent for the property, or
- (f) any necessary and reasonable remuneration which is—
- (i) paid for qualifying services that are provided to the issuing company or a related person in the course of a trade or profession carried on wholly or partly in the United Kingdom, and
- (ii) taken into account in calculating for tax purposes the profits of that trade or profession.
- (3) In this section a “*related person*” means—
- (a) a connected company of which the person concerned is a director, or
- (b) any person connected with the issuing company or with a company within paragraph (a).
- (4) In this section any reference to a payment to the person concerned includes a payment made to that person indirectly or to that person's order or for that person's benefit.
- (5) In this section “*qualifying services*” means services which are—
- (a) not secretarial or managerial services, and
- (b) not services of a kind provided by the person to whom they are provided.
- (6) In this section the following expressions have the same meaning as in section 169VW—
- “connected company”;
- “director”;
- “issuing company”;
- “relevant period”.
##### 169VY
In this Chapter—
- “employee” (except in the expression “relevant employee”, which is to be read in accordance with section 169VW) has the meaning given by section 4 of ITEPA 2003;
- “*employment*” has the meaning given by section 4 of ITEPA 2003;
- “*exchange of shares*” is to be read in accordance with section 169VR(3);
- “*excluded share*” has the meaning given by section 169VB;
- a “holding” of shares in a company means a holding of such shares which by virtue of section 104(1) is to be regarded as a single asset;
- “investors' relief” has the meaning given by section 169VA(3);
- “*office*” has the meaning given by section 5(3) of ITEPA 2003;
- “*ordinary shares*”, in relation to a company, means any shares forming part of the company's ordinary share capital (within the meaning given by section 989 of ITA 2007);
- “*potentially qualifying share*” has the meaning given by section 169VB;
- “*qualifying person*” has the meaning given by section 169VC(7);
- “*qualifying share*” has the meaning given by section 169VB;
- “*subscribe*” is to be read in accordance with section 169VU;
- “trading company” and “the holding company of a trading group” are to be read in accordance with section 169VV.
#### Treating trade loss etc as CGT loss
#### Recovery of tax from donee.
#### Trade or profession carried on in partnership
#### Location of certain intangible assets
## SCHEDULE BA1
### Meaning of “disposal of a non-UK residential property interest”
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### “Interest in non-UK land”
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Grants of options
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “dwelling”
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 4ZZC
## PART 1 — Introduction and interpretation
### Introduction
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 2 — RPI disposals not involving relevant high value disposals
### Application of Part
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains and losses
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of balancing gains and loses
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## PART 3 — RPI disposals involving relevant high value disposals
### Application of Part
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation of Part
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains or losses on the RPI disposal
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains or losses on relevant high value disposal not within Case 1, 2 or 3 (or where an election is made)
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of residential property gains and losses on relevant high value disposal within Case 1, 2 or 3 (and no election made)
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of balancing gains or losses on the RPI disposal
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of balancing gains or losses on relevant high value disposal not within Case 1, 2 or 3 (or where an election is made)
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Computation of balancing gains or losses on relevant high value disposal within Case 1, 2 or 3 (and no election made)
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Relevant high value disposal and “other” disposal are comprised in the disposal of land
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interest subsisting under contract for off-plan purchase
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 7ZA
## PART 1 — Meaning of “trading company” and “trading group”
##### 1
- (1) This paragraph gives the meaning of “trading company” and “trading group” where used in the following provisions of Chapter 3 of Part 5 (entrepreneurs' relief)—
- (a) in section 169I (material disposal of business assets)—
- (i) paragraphs (a) and (b) of subsection (6) (which apply for the purposes of conditions A and B in that section), and
- (ii) sub-paragraphs (i) and (ii) of subsection (7A)(c) (which apply for the purposes of conditions C and D in that section), and
- (b) section 169J(4) (disposal of trust business assets).
- (2) “*Trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A), but as modified by Part 2 of this Schedule.
- (3) “Trading activities” (see section 165A(4) and (9)) is to be read in accordance with Part 3 of this Schedule.
##### 2
In provisions of Chapter 3 of Part 5 not mentioned in paragraph 1(1), “*trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A), except that subsections (7) and (12) of section 165A are to be disregarded.
## PART 2 — Joint venture companies
### Attribution of activities of a joint venture company
##### 3
In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities of a joint venture company are to be attributed to a company under subsections (7) and (12) of section 165A only if P—
- (a) passes the shareholding test in relation to the joint venture company (see paragraphs 5 to 8), and
- (b) passes the voting rights test in relation to the joint venture company (see paragraphs 9 to 12).
### Meaning of “investing company”
##### 4
- (1) For the purposes of this Part, a company is an “*investing company*” in relation to P and a joint venture company if it meets conditions 1 and 2.
- (2) Condition 1 is that—
- (a) the company is company A (see paragraph 3), or
- (b) P directly owns some portion of the ordinary share capital of the company.
- (3) Condition 2 is that the company owns some portion of the ordinary share capital of the joint venture company (whether it is owned directly, indirectly, or partly directly and partly indirectly).
- (4) In sub-paragraph (3) the reference to a company owning share capital indirectly is to be read in accordance with section 1155 of CTA 2010.
### Shareholding test
##### 5
P passes the shareholding test in relation to a joint venture company if, throughout the relevant period, the sum of the percentages given by paragraphs (a) and (b) is at least 5%—
- (a) the percentage of the ordinary share capital of the joint venture company that is owned directly by P, and
- (b) P's indirect shareholding percentage (see paragraph 6).
##### 6
P's “indirect shareholding percentage” is found by—
- (a) calculating the percentage of the ordinary share capital of the joint venture company that is owned indirectly by P through a particular investing company (see paragraph 7), and
- (b) where there are two or more investing companies, adding those percentages together.
##### 7
The percentage of the ordinary share capital of a joint venture company that is owned indirectly by P through a particular investing company (“company IC”) at a particular time is given by—
##### 8
- (1) The fraction of the joint venture company's ordinary share capital that is owned indirectly by company IC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company IC directly owns more than 50% of the ordinary share capital of a company, company IC is taken to own the whole of the ordinary share capital of that company;
- (b) where a company other than company IC (“company B”) directly owns more than 50% of the ordinary share capital of another company (“company C”) which is a member of a group of companies of which company IC is a member, company B is taken to own the whole of the ordinary share capital of company C.
### Voting rights test
##### 9
P passes the voting rights test in relation to a joint venture company if, throughout the relevant period, the sum of the percentages given by paragraphs (a) and (b) is at least 5%—
- (a) the percentage of the voting rights that P holds directly in the joint venture company, and
- (b) P's indirect voting rights percentage (see paragraph 10).
##### 10
P's “indirect voting rights percentage” is found by—
- (a) calculating the percentage of the voting rights in the joint venture company that P holds indirectly through a particular investing company (see paragraph 11), and
- (b) where there are two or more investing companies, adding those percentages together.
##### 11
The percentage of the voting rights in a joint venture company that P holds indirectly through a particular investing company (“company IC”) at a particular time is given by—
##### 12
- (1) The fraction of the voting rights in the joint venture company that is held indirectly by company IC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, as if references in those sections to owning the ordinary share capital of a company were references to holding voting rights in a company, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company IC directly holds more than 50% of the voting rights in a company, company IC is taken to hold all the voting rights in that company;
- (b) where a company other than company IC (“company B”) directly holds more than 50% of the voting rights in another company (“company C”) which is a member of a group of companies of which company IC is a member, company B is taken to hold all the voting rights in company C.
## PART 3 — Partnerships
### Activities of a company as a member of a partnership
##### 13
- (1) In relation to a disposal of assets consisting of (or of interests in) shares in or securities of a company (“company A”), activities carried on by a company as a member of a partnership are to be treated as not being trading activities of the company (see section 165A(4) and (9)) if P fails either or both of the following—
- (a) the profits and assets test in relation to the partnership (see paragraphs 15 to 20);
- (b) the voting rights test in relation to the partnership (see paragraphs 21 to 23).
- (2) In relation to such a disposal, activities carried on by a company as a member of a partnership are also to be treated as not being trading activities of the company if the company is not a member of the partnership throughout the relevant period.
### Meaning of “direct interest company” and “relevant corporate partner”
##### 14
- (1) This paragraph applies for the purposes of this Part.
- (2) A company is a “*direct interest company*” in relation to P if—
- (a) it is company A (see paragraph 13(1)), or
- (b) P directly owns some portion of the ordinary share capital of the company.
- (3) A company is a “*relevant corporate partner*” in relation to P and a partnership if—
- (a) a direct interest company in relation to P (“company DIC”) owns some portion of the ordinary share capital of the company (whether it is owned directly, indirectly or partly directly and partly indirectly),
- (b) the company is a member of a group of companies of which company DIC is a member, and
- (c) the company is a member of the partnership.
- (4) In sub-paragraph (3) the reference to a company owning share capital indirectly is to be read in accordance with section 1155 of CTA 2010.
### Profits and assets test
##### 15
P passes the profits and assets test in relation to a partnership if, throughout the relevant period, the sum of the percentages given by paragraphs (a), (b) and (c) is at least 5%—
- (a) the percentage which is P's direct interest in the assets of the partnership,
- (b) the percentage which is P's share of the partnership through direct interest companies that are members of the partnership (see paragraph 16), and
- (c) the percentage which is P's share of the partnership through direct interest companies and relevant corporate partners in the partnership (see paragraph 18).
##### 16
P's “share of the partnership through direct interest companies that are members of the partnership” is found by—
- (a) calculating the percentage which is P's indirect share of the partnership through each direct interest company that is a member of the partnership (see paragraph 17), and
- (b) where there are two or more direct interest companies that are members of the partnership, adding those percentages together.
##### 17
The percentage which is P's indirect share of the partnership through a particular direct interest company that is a member of the partnership (“company DICP”) at a particular time is given by—
##### 18
P's “share of the partnership through direct interest companies and relevant corporate partners in the partnership” is found by—
- (a) calculating the percentage which is P's indirect share of the partnership through each direct interest company and each relevant corporate partner in the partnership (see paragraph 19), and
- (b) where there are two or more direct interest companies or two or more relevant corporate partners, or both, adding those percentages together.
##### 19
The percentage which is P's indirect share of the partnership through a particular direct interest company (“company DIC”) and a particular relevant corporate partner in the partnership (“company CP”) at a particular time is given by—
##### 20
- (1) The fraction of a company's ordinary share capital that is owned indirectly by company DIC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company DIC directly owns more than 50% of the ordinary share capital of a company, company DIC is taken to own the whole of the ordinary share capital of that company;
- (b) where a company other than company DIC (“company B”) directly owns more than 50% of the ordinary share capital of another company (“company C”) which is a member of a group of companies of which company DIC is a member, company B is taken to own the whole of the ordinary share capital of company C.
### Voting rights test
##### 21
- (1) P passes the voting rights test in relation to a partnership if, throughout the relevant period, the sum of P's direct voting rights percentage and P's indirect voting rights percentage is at least 5%.
- (2) P's “direct voting rights percentage” is found by—
- (a) taking the percentage of the voting rights that P holds directly in each direct interest company that is a member of the partnership, and
- (b) where P directly holds voting rights in two or more direct interest companies that are members of the partnership, adding those percentages together.
- (3) P's “indirect voting rights percentage” is found by—
- (a) calculating the percentage which is P's indirect holding of voting rights in each relevant corporate partner in the partnership through each direct interest company (see paragraph 22), and
- (b) where there are two or more relevant corporate partners or two or more direct interest companies, or both, adding those percentages together.
##### 22
The percentage which is P's indirect holding of voting rights in a particular relevant corporate partner in the partnership (“company CP”) through a particular direct interest company (“company DIC”) at a particular time is given by—
##### 23
- (1) The fraction of the voting rights in a company that is held indirectly by company DIC is calculated—
- (a) by applying sections 1156 and 1157 of CTA 2010, as read with section 1155 of that Act, as if references in those sections to owning the ordinary share capital of a company were references to holding voting rights in a company, and
- (b) on the assumptions specified in sub-paragraph (2).
- (2) The assumptions are—
- (a) where company DIC directly holds more than 50% of the voting rights in a company, company DIC is taken to hold all the voting rights in that company;
- (b) where a company other than company DIC (“company B”) directly holds more than 50% of the voting rights in another company (“company C”) which is a member of a group of companies of which company DIC is a member, company B is taken to hold all the voting rights in company C.
## PART 4 — Interpretation of this schedule
### Meaning of “P”
##### 24
- (1) In the case of a material disposal of business assets, “*P*” means the individual making the disposal.
- (2) In the case of a disposal of trust business assets—
- (a) “*P*” means any relevant beneficiary, but
- (b) in any reference to P passing or failing the tests mentioned in paragraphs 3 and 13(1), P is to be read as being a single body consisting of all the relevant beneficiaries (so that, for the purposes of determining if those tests are met, percentages are to be calculated in respect of each relevant beneficiary and then aggregated).
- (3) The following are “relevant beneficiaries”—
- (a) the qualifying beneficiary in relation to the disposal (see section 169J(3)), and
- (b) any other beneficiary who is, in relation to the disposal, a beneficiary mentioned in section 169O(1).
### Meaning of “relevant period”
##### 25
“*The relevant period*” means—
- (a) for the purposes of conditions A and C in section 169I, the period of 2 years ending with the date of the disposal,
- (b) for the purposes of conditions B and D in section 169I, the period of 2 years ending with the date mentioned in subsection (7)(a) or (b) or (7O)(a) or (b) of that section, and
- (c) for the purposes of section 169J(4), a period of 2 years ending not earlier than 3 years before the date of the disposal.
### Other interpretation provisions
##### 26
- (1) Terms used in this Schedule which are defined in subsection (14) of section 165A have the same meaning as they have in that subsection.
- (2) References to a person holding voting rights include references to a person who has the ability to control the exercise of voting rights by another person.
- (3) For the purposes of Part 3 of this Schedule, 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 capital profits of the partnership.
References in Part 3 to a person's interest in the assets of a partnership are to be construed accordingly.
## SCHEDULE 7ZB
### Disqualification of shares where value received in period of restriction
##### 1
- (1) Sub-paragraph (2) applies where—
- (a) shares in a company are issued to a qualifying person (“the investor”) on a particular date,
- (b) any of those shares would, apart from this Schedule, be or be treated as being qualifying shares or potentially qualifying shares at a particular time (“*the relevant time*”), and
- (c) the investor receives any value, other than insignificant value, from the company at any time in the period of restriction.
- (2) The shares in question are to be treated for the purposes of this Chapter as being excluded shares at the relevant time.
- (3) Where—
- (a) the investor receives value (“the relevant receipt”) from the company during the period of restriction,
- (b) the investor has received from the company one or more receipts of insignificant value at a time or times—
- (i) during that period, but
- (ii) not later than the time of the relevant receipt, and
- (c) the aggregate amount of the value of the receipts within paragraphs (a) and (b) is not an amount of insignificant value,
the investor is to be treated for the purposes of this Schedule as if the relevant receipt had been a receipt of an amount equal to that aggregate amount.
For this purpose a receipt does not fall within paragraph (b) in relation to the shares if it has previously been aggregated under this sub-paragraph in relation to them.
- (4) In this Schedule “*the period of restriction*” means the period—
- (a) beginning one year before the date the shares are issued, and
- (b) ending immediately before the third anniversary of the date the shares are issued.
- (5) In sub-paragraphs (3) and (4) and in the following provisions of this Schedule references to “the shares” are to the shares referred to in sub-paragraph (1)(a).
- (6) This paragraph is subject to paragraph 4.
### “Receives value”
##### 2
- (1) For the purposes of this Schedule the investor receives value from the company if the company—
- (a) repays, redeems or repurchases any of its share capital or securities which belong to the investor or makes any payment to the investor for giving up a right to any of the company's share capital or any security on its cancellation or extinguishment,
- (b) repays, in pursuance of any arrangements for or in connection with the acquisition of the shares, any debt owed to the investor other than a debt which was incurred by the company—
- (i) on or after the date of issue of the shares, and
- (ii) otherwise than in consideration of the extinguishment of a debt incurred before that date,
- (c) makes to the investor any payment for giving up the investor's right to any debt on its extinguishment,
- (d) releases or waives any liability of the investor to the company or discharges, or undertakes to discharge, any liability of the investor to a third person,
- (e) makes a loan or advance to the investor which has not been repaid in full before the issue of the shares,
- (f) provides a benefit or facility for the investor,
- (g) disposes of an asset to the investor for no consideration or for a consideration which is or the value of which is less than the market value of the asset,
- (h) acquires an asset from the investor for a consideration which is or the value of which is more than the market value of the asset, or
- (i) makes any payment to the investor other than a qualifying payment.
- (2) For the purposes of sub-paragraph (1)(e) there is to be treated as if it were a loan made by the company to the investor—
- (a) the amount of any debt (other than an ordinary trade debt) incurred by the investor to the company, and
- (b) the amount of any debt due from the investor to a third person which has been assigned to the company.
- (3) For the purposes of this paragraph the investor also receives value from the company if any person connected with the company—
- (a) purchases any of its share capital or securities which belong to the investor, or
- (b) makes any payment to the investor for giving up any right in relation to any of the company's share capital or securities.
- (4) In this paragraph “*qualifying payment*” means—
- (a) the payment by any company of such remuneration for service as an officer or employee of that company as may be reasonable in relation to the duties of that office or employment,
- (b) any payment or reimbursement by any company of travelling or other expenses wholly, exclusively and necessarily incurred by the investor to whom the payment is made in the performance of duties as an officer or employee of that company,
- (c) the payment by any company of any interest which represents no more than a reasonable commercial return on money lent to that company,
- (d) the payment by any company of any dividend or other distribution which does not exceed a normal return on any investment in shares in or other securities of that company,
- (e) any payment for the supply of goods which does not exceed their market value,
- (f) any payment for the acquisition of an asset which does not exceed its market value,
- (g) the payment by any company, as rent for any property occupied by the company, of an amount not exceeding a reasonable and commercial rent for the property,
- (h) any reasonable and necessary remuneration which—
- (i) is paid by any company for services rendered to that company in the course of a trade or profession carried on wholly or partly in the United Kingdom; and
- (ii) is taken into account in calculating for tax purposes the profits of that trade or profession, or
- (i) a payment in discharge of an ordinary trade debt.
- (5) For the purposes of this paragraph a company is to be treated as having released or waived a liability if the liability is not discharged within 12 months of the time when it ought to have been discharged.
- (6) In this paragraph—
- (a) references to a debt or liability do not, in relation to a company, include references to any debt or liability which would be discharged by the making by that company of a qualifying payment, and
- (b) references to a benefit or facility do not include references to any benefit or facility provided in circumstances such that, if a payment had been made of an amount equal to its value, that payment would be a qualifying payment.
- (7) In this paragraph and paragraph 3—
- (a) any reference to a payment or disposal to the investor includes a reference to a payment or disposal made to the investor indirectly or to the investor's order or for the investor's benefit;
- (b) any reference to the investor includes an associate of the investor;
- (c) any reference to a company includes a person who at any time in the period of restriction is connected with the company, whether or not that person is connected at the material time.
- (8) In this paragraph “*ordinary trade debt*” means any debt for goods or services supplied in the ordinary course of a trade or business where any credit given—
- (a) does not exceed six months, and
- (b) is not longer than that normally given to customers of the person carrying on the trade or business.
### Amount of value
##### 3
- (1) For the purposes of paragraph 1, the value received by the investor is—
- (a) in a case within paragraph 2(1)(a), (b) or (c), the amount received by the investor or, if greater, the market value of the share capital, securities or debt in question;
- (b) in a case within paragraph 2(1)(d), the amount of the liability;
- (c) in a case within paragraph 2(1)(e), the amount of the loan or advance reduced by the amount of any repayment made before the issue of the shares;
- (d) in a case within paragraph 2(1)(f), the cost to the company of providing the benefit or facility less any consideration given for it by the investor;
- (e) in a case within paragraph 2(1)(g) or (h), the difference between the market value of the asset and the consideration (if any) given for it;
- (f) in a case within paragraph 2(1)(i), the amount of the payment;
- (g) in a case within paragraph 2(3), the amount received by the investor or, if greater, the market value of the share capital or securities in question.
- (2) In this Schedule references to a receipt of insignificant value (however expressed) are references to a receipt of an amount of insignificant value.
This is subject to sub-paragraph (4).
- (3) For the purposes of this Schedule “*an amount of insignificant value*” means an amount of value which does not exceed £1,000.
- (4) For the purposes of this Schedule, if at any time in the period—
- (a) beginning one year before the shares are issued, and
- (b) expiring at the end of the issue date,
arrangements are in existence which provide for the investor to receive or to be entitled to receive, at any time in the period of restriction, any value from the company that issued the shares, no amount of value received by the investor is to be treated as a receipt of insignificant value.
- (5) In sub-paragraph (4)—
- (a) any reference to the investor includes a reference to any person who, at any time in the period of restriction, is an associate of the investor (whether or not that person is such an associate at the material time), and
- (b) the reference to the company includes a reference to any person who, at any time in the period of restriction, is connected with the company (whether or not that person is so connected at the material time).
### Receipt of replacement value
##### 4
- (1) Where—
- (a) by reason of a receipt of value within sub-paragraph (1) (other than paragraph (b)) or sub-paragraph (3) of paragraph 2 (“the original value”), any shares would, in the absence of this paragraph, be treated under this Schedule as excluded shares at a particular time,
- (b) at or before that time the original supplier receives value (“the replacement value”) from the original recipient by reason of a qualifying receipt, and
- (c) the amount of the replacement value is not less than the amount of the original value,
the receipt of the original value is to be disregarded for the purposes of this Schedule.
- (2) This paragraph is subject to paragraph 5.
- (3) For the purposes of this paragraph and paragraph 5—
- (a) “*the original recipient*” means the person who receives the original value, and
- (b) “*the original supplier*” means the person from whom that value was received.
- (4) A receipt of the replacement value is a qualifying receipt for the purposes of sub-paragraph (1) if it arises—
- (a) by reason of the original recipient doing one or more of the following—
- (i) making a payment to the original supplier, other than a payment which falls within paragraph (c) or to which sub-paragraph (5) applies,
- (ii) acquiring any asset from the original supplier for a consideration the amount or value of which is more than the market value of the asset,
- (iii) disposing of any asset to the original supplier for no consideration or for a consideration the amount or value of which is less than the market value of the asset,
- (b) where the receipt of the original value was within paragraph 2(1)(d), by reason of an event the effect of which is to reverse the event which constituted the receipt of the original value, or
- (c) where the receipt of the original value was within paragraph 2(3), by reason of the original recipient repurchasing the share capital or securities in question, or (as the case may be) reacquiring the right in question, for a consideration the amount or value of which is not less than the amount of the original value.
- (5) This sub-paragraph applies to—
- (a) any payment for any goods, services or facilities, provided (whether in the course of a trade or otherwise) by—
- (i) the original supplier, or
- (ii) any other person who, at any time in the period of restriction, is an associate of, or connected with, that supplier (whether or not that person is such an associate, or so connected, at the material time),
which is reasonable in relation to the market value of those goods, services or facilities,
- (b) any payment of any interest which represents no more than a reasonable commercial return on money lent to—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of the original recipient (whether or not such an associate at the material time),
- (c) any payment for the acquisition of an asset which does not exceed its market value,
- (d) any payment, as rent for any property occupied by—
- (i) the original recipient, or
- (ii) any person who, at any time in the period of restriction, is an associate of the original recipient (whether or not such an associate at the material time),
of an amount not exceeding a reasonable and commercial rent for the property,
- (e) any payment in discharge of an ordinary trade debt (within the meaning of paragraph 2(8)), and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within sub-paragraph (4)(a)(ii).
- (6) For the purposes of this paragraph, the amount of the replacement value is—
- (a) in a case within paragraph (a) of sub-paragraph (4), the aggregate of—
- (i) the amount of any payment within sub-paragraph (i) of that paragraph, and
- (ii) the difference between the market value of any asset within sub-paragraph (ii) or (iii) of that paragraph and the amount or value of the consideration (if any) received for it,
- (b) in a case within sub-paragraph (4)(b), the same as the amount of the original value, and
- (c) in a case within sub-paragraph (4)(c), the amount or value of the consideration received by the original supplier,
and paragraph 3(1) applies for the purposes of determining the amount of the original value.
- (7) In this paragraph any reference to a payment to a person (however expressed) includes a reference to a payment made to the person indirectly or to the person's order or for the person's benefit.
##### 5
- (1) The receipt of the replacement value by the original supplier is to be disregarded for the purposes of paragraph 4, as it applies in relation to the shares, to the extent to which that receipt has previously been set (under that paragraph) against any receipts of value which are, in consequence, disregarded for the purposes of paragraph 4 as that paragraph applies in relation to those shares or any other shares subscribed for by the investor.
- (2) The receipt of the replacement value by the original supplier (“the event”) is also be disregarded for the purposes of paragraph 4 if—
- (a) the event occurs before the start of the period of restriction, or
- (b) in a case where the event occurs after the time the original recipient receives the original value, it does not occur as soon after that time as is reasonably practicable in the circumstances.
But nothing in paragraph 4 or this paragraph requires the replacement value to be received after the original value.
- (3) In this paragraph “the original value” and “the replacement value” are to be construed in accordance with paragraph 4.
### Interpretation
##### 6
In this Schedule—
- “*arrangements*” includes any scheme, agreement, understanding, transaction or series of transactions (whether or not legally enforceable);
- “*associate*” has the meaning that would be given by section 448 of CTA 2010 if in that section “relative” did not include a brother or sister;
- “*period of restriction*” has the meaning given by paragraph 1(4);
- “*the shares*” has the meaning given by paragraph 1(5).
#### Hold-over relief for gains re-invested in social enterprises
#### Official agents of Commonwealth countries or Republic of Ireland etc
##### 97A
- (1) For the purposes of section 97(4), the value of the benefit conferred on a person (P) by a capital payment made by way of loan to P is, for each tax year in which the loan is outstanding, the amount (if any) by which—
- (a) the amount of interest that would have been payable in that year on the loan if interest had been payable on the loan at the official rate, exceeds
- (b) the amount of interest (if any) actually paid by P in that year on the loan.
- (2) In this section and section 97B the “*official rate*”, in relation to interest, means the rate applicable from time to time under section 178 of the Finance Act 1989 for the purposes of Chapter 7 of Part 3 of ITEPA 2003.
##### 97B
- (1) For the purposes of section 97(4), the value of the benefit conferred by a capital payment consisting of making movable property available, without any transfer of the property in it, to a person (P) is, for each tax year in which the benefit is conferred on P—
$$( CC × R × D Y ) − T$where—CC is the capital cost of the movable property on the date when the property is first made available to P in the tax year,D is the number of days in the tax year on which the property is made available to P (the relevant period),R is the official rate of interest for the relevant period (but see subsection (3)),T is the total of the amounts (if any) paid in the tax year by P—to the person conferring the benefit, in respect of the availability of the movable property, orso far as not within paragraph (a), in respect of the repair, insurance, maintenance or storage of the movable property, andY is the number of days in the tax year.$
- (2) In subsection (1), in the meaning of CC, the “capital cost” of movable property means an amount equal to the total of—
- (a) the amount which is the greater of—
- (i) the amount or value of the consideration given for the acquisition of the movable property by, or on behalf of, the person (A) conferring the benefit, and
- (ii) its market value at the time of that acquisition, and
- (b) the amount of any expenditure wholly and exclusively incurred by, or on behalf of, A for the purpose of enhancing the value of the movable property.
- (3) If the official rate of interest changes during the relevant period, then in subsection (1) R is the average official rate of interest for the period calculated as follows.
- *Step 1* Multiply each official rate of interest in force during the relevant period by the number of days when it is in force.
- *Step 2* Add together the products found in Step 1.
- *Step 3* Divide the total found in Step 2 by the number of days in the relevant period.
- (4) In subsections (1) and (2), “*movable property*” means any tangible movable property other than money.
##### 97C
- (1) For the purposes of section 97(4), the value of the benefit conferred by a capital payment consisting of making land available for the use of a person (P) is, for each tax year in which the benefit is conferred on P, the amount by which—
- (a) the rental value of the land for the period of the tax year during which the land is made available to P, exceeds
- (b) the total of the amounts (if any) paid in the tax year by P—
- (i) to the person conferring the benefit, in respect of the availability of the land, or
- (ii) so far as not within sub-paragraph (i), in respect of costs of repair, insurance or maintenance relating to the land.
- (2) Subsection (1) does not apply in the case where the person conferring the benefit transfers the whole of the person's interest in the land to P.
- (3) In subsection (1) “the rental value” of the land for a period means the rent which would have been payable for the period if the land had been let to P at an annual rent equal to the annual value.
- (4) For the purposes of subsection (3) “the annual value” of land is the rent that might reasonably be expected to be obtained on a letting from year to year if—
- (a) the tenant undertook to pay all taxes, rates and charges usually paid by a tenant, and
- (b) the landlord undertook to bear the costs of the repairs and insurance and the other expenses (if any) necessary for maintaining the property in a state to command that rent.
- (5) For the purposes of subsection (4) that rent—
- (a) is to be taken to be the amount that might reasonably be expected to be so obtained in respect of a letting of the land, and
- (b) is to be calculated on the basis that the only amounts that may be deducted in respect of services provided by the landlord are amounts in respect of the costs to the landlord of providing any relevant services.
- (6) In subsection (5) “*relevant service*” means a service other than the repair, insurance or maintenance of the property.
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
#### Provisions supplementary to section 279A
#### Effect of election under section 279A
#### Consideration payable by instalments.
#### Repayment supplements.
##### 5A
- (1) Section 86 does not apply in relation to a year (“the particular year”) if Conditions A to D are met.
- (2) Condition A is that the particular year is—
- (a) the tax year 2017-18, or
- (b) a later tax year.
- (3) Condition B is that when the settlement is created the settlor—
- (a) is not domiciled in the United Kingdom, and
- (b) if the settlement is created on or after 6 April 2017, is not deemed domiciled in the United Kingdom.
- (4) Condition C is that there is no time in the particular year when the settlor is—
- (a) domiciled in the United Kingdom, or
- (b) deemed domiciled in the United Kingdom by virtue of Condition A in section 835BA of ITA 2007.
- (5) Condition D is that no property or income is provided directly or indirectly for the purposes of the settlement by the settlor, or by the trustees of another settlement of which the settlor is the settlor or a beneficiary, at a time in the relevant period when the settlor is—
- (a) domiciled in the United Kingdom, or
- (b) deemed domiciled in the United Kingdom.
- (6) In sub-paragraph (5) “*relevant period*” means the period—
- (a) beginning with the start of 6 April 2017 or, if later, the creation of the settlement, and
- (b) ending with the end of the particular year.
- (7) For the purposes of Condition D, the addition of value to property comprised in the settlement is to be treated as the direct provision of property for the purposes of the settlement.
- (8) Paragraph 5B contains further provision for the purposes of Condition D.
- (9) In this paragraph “*deemed domiciled*” means regarded for the purposes of section 86(1)(c) as domiciled in the United Kingdom as a result of section 835BA of ITA 2007 having effect.
##### 5B
- (1) This paragraph applies for the purposes of Condition D in paragraph 5A.
- (2) Ignore—
- (a) property or income provided under a transaction, other than a loan, where the transaction is entered into on arm's length terms,
- (b) property or income provided, otherwise than under a loan, without any intention by the person providing it to confer a gratuitous benefit on any person,
- (c) the principal of a loan which is made to the trustees of the settlement on arm's length terms,
- (d) the payment of interest to the trustees of the settlement under a loan made by them on arm's length terms,
- (e) repayment to the trustees of the settlement of the principal of a loan made by them,
- (f) property or income provided in pursuance of a liability incurred by any person before 6 April 2017, and
- (g) where the settlement's expenses relating to taxation and administration for a tax year exceed its income for that year, property or income provided towards meeting that excess if the value of any such property and income is not greater than the amount of—
- (i) the excess, or
- (ii) if greater, the amount by which such expenses exceed the amount of such expenses which may be paid out of the settlement's income.
- (3) Where—
- (a) a loan is made to the trustees of the settlement by the settlor or the trustees of a settlement connected with the settlor, and
- (b) the loan is on arm's length terms, but
- (c) a relevant event occurs,
the principal of the loan is to be regarded as having been provided to the trustees at the time of that event (despite sub-paragraph (2)).
- (4) In sub-paragraph (3) “*relevant event*” means—
- (a) capitalisation of interest payable under the loan,
- (b) any other failure to pay interest in accordance with the terms of the loan, or
- (c) variation of the terms of the loan such that they cease to be arm's length terms.
- (5) Sub-paragraph (6) applies (subject to sub-paragraph (7)) where—
- (a) the settlor becomes deemed domiciled in the United Kingdom on or after 6 April 2017,
- (b) before the date on which the settlor becomes deemed domiciled in the United Kingdom ( “ the deemed domicile date ”), a loan has been made to the trustees of the settlement by—
- (i) the settlor, or
- (ii) the trustees of a settlement connected with the settlor,
- (c) the loan is not entered into on arm's length terms, and
- (d) any amount that is outstanding under the loan on the deemed domicile date (“the outstanding amount”) is payable or repayable on demand on or after that date.
- (6) Where this sub-paragraph applies, the outstanding amount is to be regarded as property directly provided on the deemed domicile date by the lender for the purposes of the settlement (despite sub-paragraph (2)).
- (7) But if the deemed domicile date is 6 April 2017, sub-paragraph (6) does not apply if—
- (a) the principal of the loan is repaid, and all interest payable under the loan is paid, before 6 April 2018, or
- (b) the loan becomes a loan on arm's length terms before 6 April 2018 and—
- (i) before that date interest is paid to the lender in respect of the period beginning with 6 April 2017 and ending with 5 April 2018 as if those arm's length terms had been terms of the loan in relation to that period, and
- (ii) interest continues to be payable from 6 April 2018 in accordance with those terms.
- (8) For the purposes of this paragraph a loan is on “arm's length terms”—
- (a) in the case of a loan made to the trustees of a settlement, only if interest at the official rate or more is payable at least annually under the loan;
- (b) in the case of a loan made by the trustees of a settlement, only if any interest payable under the loan is payable at no more than the official rate.
- (9) For the purposes of this paragraph—
- a settlement is “connected” with a person if the person is the settlor or a beneficiary of it;
- “*deemed domiciled*” has the same meaning as in paragraph 5A;
- “*official rate*”, in relation to interest, means the rate of interest applicable from time to time under section 178 of the Finance Act 1989 for the purposes of Chapter 7 of Part 3 of ITEPA 2003.
### Subsidiary exemption: qualifying institutional investors
##### 3A
- (1) This paragraph applies in relation to a gain or loss accruing to a company (“the investing company”) on a disposal of shares or an interest in shares in another company (“the company invested in”).
- (2) This paragraph applies if—
- (a) the requirement in paragraph 7 is met (substantial shareholder requirement),
- (b) the requirement in paragraph 19 is not met (requirement relating to company invested in), and
- (c) the investing company is not a disqualified listed company.
- (3) If, immediately before the disposal, 80% or more of the ordinary share capital of the investing company is owned by qualifying institutional investors, no chargeable gain or loss accrues on the disposal.
- (4) If, immediately before the disposal, at least 25% but less than 80% of the ordinary share capital of the investing company is owned by qualifying institutional investors, the amount of the chargeable gain or loss accruing on the disposal is reduced by the percentage of the ordinary share capital of the investing company which is owned by the qualifying institutional investors.
- (5) A company is a “*disqualified listed company*” for the purposes of this Part of this Schedule if—
- (a) any of the shares forming part of the ordinary share capital of the company are listed on a recognised stock exchange,
- (b) the company is not a qualifying institutional investor, and
- (c) the company is not a qualifying UK REIT
- (6) In sub-paragraph (5)(c) “*qualifying UK REIT*” means a UK REIT within the meaning of Part 12 of CTA 2010 which—
- (a) meets the condition in section 528(4)(b) of that Act (company not a close company by virtue of having an institutional investor as a participant), or
- (b) by virtue of section 443 of that Act (companies controlled by or on behalf of Crown) is not treated as a close company.
##### 3B
- (1) This paragraph applies for the purposes of paragraph 3A.
- (2) A person “owns” ordinary share capital if the person owns it—
- (a) directly,
- (b) indirectly, or
- (c) partly directly and partly indirectly.
- (3) Sections 1155 to 1157 of CTA 2010 (meaning of “indirect ownership” and calculation of amounts owned indirectly) apply for the purposes of sub-paragraph (2).
- (4) For the purposes of sections 1155 to 1157 of CTA 2010 as applied by sub-paragraph (3)—
- (a) ordinary share capital may not be owned through a disqualified listed company;
- (b) treat references to a body corporate as including an exempt unauthorised unit trust (and references to ordinary share capital, in the case of such a trust, as references to units in the trust).
- (5) A person is also to be regarded as owning ordinary share capital in a company in circumstances where a person would, under paragraphs 12 and 13 of this Schedule, be regarded as holding shares in a company.
- (6) Where the assets of a partnership include ordinary share capital of a company, each partner is to be regarded as owning a proportion of that share capital equal to the partner's proportionate interest in that ordinary share capital.
- (7) In this Schedule “*exempt unauthorised unit trust*” has the same meaning as in the Unauthorised Unit Trusts (Tax) Regulations 2013 (SI 2013/2819).
##### 8A
- (1) This paragraph applies in a case where at least 25% of the ordinary share capital of the investing company is owned by qualifying institutional investors.
- (2) The investing company also holds a “substantial shareholding” in the company invested in for the purposes of this Schedule if—
- (a) the investing company holds ordinary shares, or interests in ordinary shares, in the company invested in the cost of which on acquisition was at least £20,000,000, and
- (b) by virtue of those shares or interests or any other shares or interests in shares in the company invested in, the investing company—
- (i) is beneficially entitled to not less than a proportionate percentage of the profits available for distribution to equity holders of the company invested in, and
- (ii) would be beneficially entitled on a winding up to not less than a proportionate percentage of the assets of the company invested in available for distribution to equity holders.
- (3) In sub-paragraph (2)—
- “*cost*” means the amount or value of the consideration, in money or money's worth, given by the investing company or on its behalf wholly and exclusively for the acquisition of the ordinary shares or interests in ordinary shares, together with the incidental costs to it of the acquisition;
- “*proportionate percentage*” means a percentage equal to the percentage of the ordinary share capital held by the investing company by virtue of the ordinary shares and interests in ordinary shares referred to in sub-paragraph (2)(a).
- (4) For the purposes of sub-paragraph (2)(a) it does not matter whether there was a single acquisition or a series of acquisitions.
- (5) If—
- (a) the percentage (“the actual percentage”) of the profits or assets to which the investing company is, or would be, beneficially entitled as mentioned in sub-paragraph (2)(b)(i) or (ii) is less than the proportionate percentage, but
- (b) having regard to the proportion that the actual percentage bears to the proportionate percentage, the difference can reasonably be regarded as insignificant,
the investing company is treated as meeting the condition in sub-paragraph (2)(b)(i) or (ii) (as the case may be).
- (6) Paragraph 3B (owning ordinary share capital) applies for the purposes of sub-paragraph (1).
- (7) Paragraph 8(2) applies for the purposes of sub-paragraph (2).
- (8) In this paragraph “*ordinary shares*” means shares in the ordinary share capital of the company invested in.
### Meaning of “qualifying institutional investor”
##### 30A
- (1) In this Schedule “*qualifying institutional investor*” means a person falling within any of A to G below.
1. *Pension schemes*The trustee or manager of—a registered pension scheme, other than an investment-regulated pension scheme, oran overseas pension scheme, other than one which would be an investment-regulated pension scheme if it were a registered pension scheme.“*Investment-regulated pension scheme*” has the same meaning as in Part 1 of Schedule 29A to the Finance Act 2004.“*Overseas pension scheme*” has the same meaning as in Part 4 of that Act.
2. *Life assurance businesses*A company carrying on life assurance business, if immediately before the disposal its interest in the investing company is held as part of its long-term business fixed capital.“*Life assurance business*” has the meaning given in section 56 of the Finance Act 2012.Section 137 of that Act applies for the purposes of determining whether an interest forms part of the long-term business fixed capital of a company.
3. *Sovereign wealth funds etc*A person who cannot be liable for corporation tax or income tax (as relevant) on the ground of sovereign immunity.
4. *Charities*A charity.
5. *Investment trusts*An investment trust.
6. *Authorised investment funds*An authorised investment fund which meets the genuine diversity of ownership condition throughout the accounting period of the fund in which the disposal is made.“*Authorised investment fund*” has the same meaning as in the Authorised Investment Funds (Tax) Regulations 2006 (SI 2006/964).Regulation 9A of the Authorised Investment Funds (Tax) Regulations 2006 (genuine diversity of ownership) applies for this purpose.
7. *Exempt unauthorised unit trusts*The trustees of an exempt unauthorised unit trust, where the trust meets the genuine diversity of ownership condition throughout the accounting period of the trust in which the disposal is made.Regulation 9A of the Authorised Investment Funds (Tax) Regulations 2006 (genuine diversity of ownership) applies for this purpose (treating references to an authorised investment fund as including an exempt unauthorised unit trust).
- (2) The Treasury may by regulations amend this Schedule so as to add or remove a person as a “qualifying institutional investor” (and may in particular do so by changing the conditions subject to which a person is a qualifying institutional investor).
##### 103DA
A unit in a transparent fund is to be regarded as a security for the purposes of sections 104, 105, 107, 110 and 114 (share pooling, identification of securities and indexation).
##### 87D
- (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), but this—
- (a) is subject to subsection (3) and section 87E, and
- (b) does not affect the operation of sections 87I to 87L (see, in particular, sections 87K(2) and 87L(2) which apply sections 87 and 87A by reference to the payment mentioned in section 87I(1)(a)).
- (2) A capital payment is within this subsection if (and to the extent that) it is in a tax year received from the trustees of the settlement by a beneficiary who at all times in that year is not resident in the United Kingdom, but this is subject to section 87F.
- (3) Subsection (1) does not apply in relation to a capital payment (or a part of a capital payment) if—
- (a) the recipient beneficiary is a close member of the settlor's family (see section 87H) when the beneficiary receives (or is treated as receiving) the payment (or part),
- (b) the payment (or part) is received on or after 6 April 2018, and
- (c) the settlor is resident in the United Kingdom in the tax year in which the payment (or part) is received.
##### 87E
- (1) If—
- (a) as a result of section 87D, no account is taken of a capital payment (or a part of a capital payment) for the purposes of sections 87 and 87A,
- (b) the recipient beneficiary is an individual who is temporarily non-resident, and
- (c) the payment (or part) is received in the beneficiary's temporary period of non-residence,
the payment (or part) is treated for the purposes of sections 87 and 87A as received (by the beneficiary) in the beneficiary's period of return, and account is to be taken of it accordingly for those purposes.
- (2) Part 4 of Schedule 45 to FA 2013 explains—
- (a) when an individual is to be regarded as “temporarily non-resident”, and
- (b) what “the temporary period of residence” and “the period of return” mean.
##### 87F
- (1) This section applies in relation to a settlement if—
- (a) in a particular tax year, the settlement ceases to exist,
- (b) two or more beneficiaries (“the recipients”) in the year receive capital payments from the trustees, and
- (c) at least one of the recipients is, and at least one is not, a non-resident beneficiary.
- (2) Those capital payments, so far as received by such of the recipients as are non-resident beneficiaries, are not within section 87D(2).
- (3) In this section “*non-resident beneficiary*” means a beneficiary who at all times in the year is not resident in the United Kingdom.
##### 87G
- (1) Subsection (2) applies if in the case of a settlement—
- (a) a beneficiary of the settlement receives a capital payment from the trustees in a tax year,
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the beneficiary (“the original recipient”) is a close member of the settlor's family (see section 87H) at the time of receipt.
- (2) Sections 87 and 87A have effect as if the capital payment—
- (a) was received from the trustees by the settlor—
- (i) as a beneficiary of the settlement (whether or not the settlor is otherwise a beneficiary of the settlement), and
- (ii) at the time it was received by the original recipient, and
- (b) was not received by the original recipient.
- (3) Where any tax is chargeable on the settlor as a result of subsection (2) and is paid, the settlor is entitled to recover the full amount of the tax from the original recipient.
- (4) For the purpose of recovering that amount, the settlor is entitled to require an officer of Revenue and Customs to give the settlor a certificate specifying—
- (a) the amount of tax paid, and
- (b) the amount of the gains on which the tax is paid,
and any such certificate is conclusive evidence of the facts stated in it.
##### 87H
- (1) For the purposes of sections 87D, 87G and 87L as they apply in relation to a settlement, a person is a close member of the settlor's family at any time if the settlor is living at that time and—
- (a) the person is the settlor's spouse or civil partner at that time, or
- (b) the person—
- (i) is a child of the settlor, or of a person who at that time is the settlor's spouse or civil partner, and
- (ii) at that time has not reached the age of 18.
- (2) For the purposes of subsection (1)—
- (a) two people living together as if they were spouses of each other are treated as if they were spouses of each other, and
- (b) two people of the same sex living together as if they were civil partners of each other are treated as if they were civil partners of each other.
##### 87I
- (1) Sections 87J and 87K apply if in the case of a settlement—
- (a) a capital payment (“*the original payment*”) is received in a tax year (“the payment year”) by a person (“the original beneficiary”) from the trustees of the settlement,
- (b) at the time of receipt—
- (i) there are arrangements, or there is an intention, as regards the (direct or indirect) passing-on of the whole or part of the original payment, and
- (ii) it is reasonable to expect that, in the event of the whole or part of the original payment being passed on to another person as envisaged by the arrangements or intention, that other person will be resident in the United Kingdom when they receive at least part of what is passed on to them,
- (c) the original beneficiary makes, directly or indirectly, a gift (“the onward payment”) to a person (“the subsequent recipient”)—
- (i) at the time the original payment is received, or at any later time in the 3 years beginning with the day containing the start time, or
- (ii) at any time before the original payment is received and, it is reasonable to assume, in anticipation of receipt of the original payment,
- (d) the gift is of or includes—
- (i) the whole or part of the original payment,
- (ii) anything that (wholly or in part, and directly or indirectly) derives from, or represents, the whole or part of the original payment, or
- (iii) any other property, but only if the original payment is made with a view to enabling or facilitating, or otherwise in connection with, the making of the gift of the property to the subsequent recipient,
- (e) the subsequent recipient is resident in the United Kingdom in the tax year in which the onward payment is received by the subsequent recipient (“the gift year”, but see subsection (4)), and
- (f) in the period beginning with the start of the payment year and ending with the end of the gift year, there is at least one tax year—
- (i) for which the otherwise-liable person is not resident in the United Kingdom, or
- (ii) for which section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the otherwise-liable person.
- (2) Where—
- (a) there is a series of two or more gifts,
- (b) the first gift in the series is made, directly or indirectly, by the original beneficiary—
- (i) at the time the original payment is received, or at any later time in the 3 years beginning with the day containing the start time, or
- (ii) at any time before the original payment is received and, it is reasonable to assume, in anticipation of receipt of the original payment,
- (c) the recipient of a gift in the series is the person who makes, directly or indirectly, the next gift in the series,
- (d) the recipient of the last gift in the series is resident in the United Kingdom in the tax year in which that gift is received,
- (e) as regards each earlier gift in the series, its recipient is not resident in the United Kingdom at any time in the tax year in which it is received, and
- (f) the condition in subsection (1)(d) is met in relation to each gift in the series,
the last gift in the series is treated for the purposes of subsection (1)(c) as if its maker were the original beneficiary (and not its actual maker).
- (3) For the purposes of subsections (1)(c)(i) and (2)(b)(i)—
- (a) if the original payment is a capital payment other than one that is treated as received by section 87M, “the start time” is the time the original payment is received, and
- (b) if the original payment is a capital payment that is treated as received by section 87M in connection with the operation of this section, and sections 87J and 87K, on a previous occasion, “the start time” is the time given by this subsection as the start time on that occasion
- (4) Where the onward payment is made as mentioned in subsection (1)(c)(ii), the onward payment is to be treated—
- (a) for the purposes of the provisions of this section following subsection (1)(c), and
- (b) for the purposes of sections 87K to 87M,
as made and received immediately after the original payment is received (and in the payment year).
- (5) Where this section provides for section 87K to apply in relation to two or more gifts received from the original beneficiary in the gift year by reference to the original payment—
- (a) treat that section as applying in relation to a single gift equal in amount to the total of the amount or value of each of the gifts (and as not applying in relation to each gift separately), and
- (b) apportion between the gifts (in proportion to their amounts or values)—
- (i) any capital payments given by section 87K(2), and
- (ii) any gains given by section 87K(3),
as a result of applying section 87K in accordance with paragraph (a).
- (6) Where this section provides for sections 87J and 87K to apply in relation to a gift received in a tax year—
- (a) take the steps required by section 87J before applying section 87K in relation to the gift, but
- (b) in taking the steps required by section 87J, have regard to the application of section 87K in relation to gifts made in earlier tax years.
- (7) In this section—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*gift*” includes any benefit,
- “*make*”, in relation to a gift that is a benefit, means confer, and
- “*the otherwise-liable person*” means the original beneficiary unless section 87G(2) applies in relation to the original payment in which event the settlor is “the otherwise-liable person”.
- (8) Where subsection (1)(c) and (d) are met in any case, it is to be presumed (unless the contrary is shown) that subsection (1)(b) is also met in that case.
##### 87J
- (1) Where this section applies (see section 87I), for the purposes of section 87K treat the original payment as divided into slices as follows—
- (a) a slice consisting of the taxed part (if any) of each matched amount (if any),
- (b) a slice (“U”) consisting of the untaxed part (if any) of each matched amount (if any), and
- (c) a slice (“R”) consisting of the rest (if any) of the original payment.
- (2) For the purposes of this section, if all or part of the original payment is, in a tax year (“the matching year”) not later than the gift year, matched under section 87A with the section 1(3) amount for the matching year or any earlier tax year, so much of the original payment as is so matched is a “matched amount”.
- (3) For the purposes of subsection (1), if—
- (a) as a result of there being a matched amount, gains are treated by section 87 as accruing to the otherwise-liable person,
- (b) the otherwise-liable person is resident in the United Kingdom for the matching year, and
- (c) none of sections 809B, 809D and 809E of ITA 2007 applies to the otherwise-liable person for the matching year,
the whole of the matched amount is its “taxed part” (and it has no “untaxed part”).
- (4) For the purposes of subsection (1), if—
- (a) as a result of there being a matched amount, gains are treated by section 87 as accruing to the otherwise-liable person,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the otherwise-liable person for the matching year, and
- (c) the whole or part of those gains is remitted to the United Kingdom in a tax year—
- (i) that is not later than the gift year, and
- (ii) in which the otherwise-liable person is resident in the United Kingdom,
so much of the matched amount as is equal to so much of the gains as is remitted as mentioned in paragraph (c) is the matched amount's “taxed part”, and the rest of the matched amount is its “untaxed part”.
- (5) For the purposes of subsection (1), if all or part of the original payment is in a tax year (“the pool-matching year”) not later than the gift year matched, under section 87A as applied by paragraph 8 of Schedule 4C, with the section 1(3) amount in the Schedule 4C pool for the pool-matching year or any earlier tax year—
- (a) so much of the original payment as is so matched is a “matched amount”, and
- (b) the whole of the matched amount is its “taxed part” (and it has no “untaxed part”).
##### 87K
- (1) Where this section applies (see section 87I), G is—
- (a) the amount or value of so much of the onward payment as is within any of sub-paragraphs (i) to (iii) of section 87I(1)(d), or
- (b) if lower, the amount of the original payment.
(For the meaning of R and U, see section 87J.)
- (2) If R is greater than nil, sections 87 and 87A have effect for the gift year and later tax years—
- (a) as if a capital payment was received from the trustees by the subsequent recipient—
- (i) as a beneficiary of the settlement (whether or not the subsequent recipient is otherwise a beneficiary of the settlement), and
- (ii) at the time the subsequent recipient received the onward payment,
- (b) as if that capital payment consisted of—
- (i) R, if G is greater than R, or
- (ii) so much of R as is equal to G, if G is not greater than R, and
- (c) as if so much of the original payment as is equal to that capital payment was not received by the otherwise-liable person.
- (3) If G is greater than R, and if U is greater than nil—
- (a) chargeable gains are treated as accruing to the subsequent recipient in the gift year (but see section 87L(3) and (4)),
- (b) the amount of those gains is—
- (i) U, if (G − R) is greater than U, or
- (ii) so much of U as is equal to (G − R), if (G − R) is not greater than U, and
- (c) the chargeable gains treated by section 87 as accruing to the otherwise-liable person by reason of the original payment are treated as from the end of the gift year as reduced by that amount, with that reduction being made from so much of those gains as has not by then been remitted to the United Kingdom in a tax year in which the otherwise-liable person is resident in the United Kingdom.
- (4) If this section applies by reference to the original payment also in relation to a gift received from the original beneficiary in a tax year earlier than the gift year, this section applies in relation to the onward payment as if—
- (a) the amount given by section 87J for R were reduced by the amount of any capital payment given by subsection (2) in relation to that earlier year, and
- (b) the amount given by section 87J for U were reduced by the amount of any gains given by subsection (3) in relation to that earlier year.
##### 87L
- (1) Subsection (2) applies where—
- (a) ignoring this section and section 87M, a person is treated by section 87K(2) as receiving a capital payment from the trustees of a settlement at a time (“the time of receipt”) in a tax year,
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the person mentioned in paragraph (a) is a close member of the settlor's family (see section 87H) at the time of receipt.
- (2) Sections 87 and 87A have effect for that year, and later tax years, as if the capital payment—
- (a) was received from the trustees by the settlor—
- (i) as a beneficiary of the settlement (whether or not the settlor is otherwise a beneficiary of the settlement), and
- (ii) at the time of receipt, and
- (b) was not received by the person mentioned in subsection (1)(a).
- (3) Subsection (4) applies where—
- (a) in the case of a settlement, chargeable gains are (ignoring this section and section 87M) treated by section 87K(3) as accruing to a person in a tax year (“the subsequent recipient”),
- (b) the settlor is resident in the United Kingdom at any time in that year, and
- (c) the subsequent recipient is a close member of the settlor's family when the subsequent recipient receives the onward payment (see section 87I(1)(c)) by reference to which the chargeable gains are treated as accruing.
- (4) Section 87K(3)(a) has effect as if its reference to the subsequent recipient were a reference to the settlor, and references (however expressed) to chargeable gains treated as accruing by this section are to chargeable gains treated by section 87K(3)(a) as accruing to the settlor as a result of the operation of this subsection.
- (5) Where, in the case of a settlement, any tax is chargeable on the settlor as a result of this section and is paid, the settlor is entitled to recover the full amount of the tax from the person mentioned in subsection (1)(a) or (3)(a), as the case may be.
- (6) For the purpose of recovering that amount, the settlor is entitled to require an officer of Revenue and Customs to give the settlor a certificate specifying—
- (a) the amount of tax paid, and
- (b) the amount of the gains on which the tax is paid,
and any such certificate is conclusive evidence of the facts stated in it.
##### 87M
- (1) Subsection (2) applies where—
- (a) ignoring this section, a person is treated by section 87K(2) as receiving a capital payment from the trustees of a settlement at a time (“the time of receipt”) in a tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the person for that tax year, and
- (c) the payment is not treated by section 87L(2) as received by the settlor.
- (2) Section 87I(1)(a) has effect as if the capital payment were received from the trustees by the person at the time of receipt, and section 87K(2)(a) and (b) do not have effect for the purposes of sections 87 and 87A in the case of the payment.
- (3) The rules in subsection (4) apply where—
- (a) in the case of a settlement, chargeable gains are (ignoring this section) treated by section 87K(3), but not as a result of the operation of section 87L(4), as accruing to a person in a tax year by reference to a gift within section 87I(1)(d) made to the person,
- (b) section 809B, 809D or 809E of ITA 2007 applies to the person for that tax year, and
- (c) none, or part only, of the gains is remitted to the United Kingdom in that tax year.
- (4) The rules are—
- (a) section 87I(1)(a) has effect—
- (i) as if a capital payment were received from the trustees by the person at the time the gift is made, and
- (ii) as if the capital payment were equal in amount to so much of the gains as is not remitted in the tax year mentioned in subsection (3)(a) of this section,
- (b) for the purposes of section 87J—
- (i) the whole of the capital payment is a “matched amount”, and
- (ii) the whole of the matched amount is its “untaxed part” (and the matched amount has no “taxed part”), and
- (c) the amount of the gains treated by section 87K(3)(a) and (b) as accruing to the person by reference to the gift is reduced by the amount of the capital payment.
- (5) Where the capital payment mentioned in section 87I(1)(a) is one treated as received by subsection (2) or (4) of this section in connection with the operation of sections 87I to 87K on a previous occasion, section 87I(1) has effect—
- (a) with the omission of its paragraph (b),
- (b) as if the reference in its paragraph (c) to the original payment were, instead, to what was the onward payment on that previous occasion, and
- (c) as if the references in its paragraph (d) to the original payment were, instead, to so much of that onward payment as was on that previous occasion within any of sub-paragraphs (i) to (iii) of that paragraph.
- (6) Section 87I(4) and (7) (interpretation of references to gifts and their making) apply also for the purposes of subsections (3) and (4) of this section.
##### 87N
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement for a particular tax year, no account is to be taken of a capital payment (or part of a capital payment) within subsection (2), but this is subject to section 87P.
- (2) A capital payment is within this subsection—
- (a) if it is received by a beneficiary of the settlement before the particular tax year,
- (b) if the relevant person is resident in the United Kingdom in the tax year in which it is received,
- (c) if the relevant person is not resident in the United Kingdom in the particular tax year, and
- (d) so far as it has not been matched (under section 87A as it applies for tax years before the particular tax year) with—
- (i) the section 1(3) amount for any tax year before the particular tax year, but not earlier than the tax year 2018-19, in which the relevant person is resident in the United Kingdom, or
- (ii) the section 1(3) amount for any tax year earlier than the tax year 2018-19.
- (3) For the purposes of subsection (2), the beneficiary is “the relevant person” unless section 87G(2) applies in relation to the capital payment in which event the settlor is “the relevant person”.
##### 87P
- (1) If—
- (a) as a result of section 87N, no account is taken of a capital payment (or a part of a capital payment) for the purposes of sections 87 and 87A as they apply in relation to a settlement for a particular tax year,
- (b) the recipient beneficiary (where section 87G(2) does not apply in relation to the capital payment), or the settlor (where section 87G(2) does apply in relation to the capital payment), is an individual who is temporarily non-resident,
- (c) the whole or part of the particular tax year constitutes, or forms part of, that individual's temporary period of non-residence,
- (d) either—
- (i) that individual's temporary period of non-residence begins with the start of a tax year and the payment (or part) is received before that tax year, or
- (ii) that individual's temporary period of non-residence begins otherwise than at the start of a tax year and the payment (or part) is received before, or at any time in, the tax year in which that individual's temporary period of non-residence begins, and
- (e) the payment (or part) has not been matched (under section 87A as it applies for tax years before the particular tax year) with—
- (i) the section 1(3) amount for any tax year before the particular tax year, but not earlier than the tax year 2018-19, in which that individual is resident in the United Kingdom, or
- (ii) the section 1(3) amount for any tax year earlier than the tax year 2018-19,
the payment (or part) is treated for the purposes of sections 87 and 87A as received (by that individual) in that individual's period of return, and account is to be taken of it accordingly for those purposes.
- (2) Part 4 of Schedule 45 to FA 2013 explains—
- (a) when an individual is to be regarded as “temporarily non-resident”, and
- (b) what “the temporary period of residence” and “the period of return” mean.
#### Disposal of know-how as part of disposal of all or part of a trade
#### Deferred unascertainable consideration: election for treatment of loss
#### Effect of election under section 279A
#### Elections under section 279A
#### Recovery of tax from donee.
### Chapter 1 — Capital gains tax
### Charge to capital gains tax
### Territorial scope of charge
##### 1A
- (1) A person who is UK resident for a tax year is chargeable to capital gains tax on chargeable gains accruing to the person in the tax year on the disposal of assets wherever situated.
- (2) In the case of individuals who are UK resident for a tax year, see also—
- (a) Schedule 1 (foreign gains accruing to individuals to whom the remittance basis applies),
- (b) section 1G (cases where the tax year is a split year),
- (c) sections 1M and 1N (temporary periods of non-residence),
- (d) Chapter 3 (gains of non-UK resident close companies attributed to individuals), and
- (e) sections 86, 87, 87K, 87L and 89(2) (gains of non-UK resident trustees attributed to individuals).
- (3) A person who is not UK resident for a tax year is chargeable to capital gains tax on chargeable gains accruing to the person in the tax year on the disposal of—
- (a) assets situated in the United Kingdom that have a relevant connection to the person's UK branch or agency and are disposed of at a time when the person has that branch or agency (see section 1B),
- (b) assets not within paragraph (a) that are interests in UK land (see section 1C), and
- (c) assets (wherever situated) not within paragraph (a) or (b) that derive at least 75% of their value from UK land where the person has a substantial indirect interest in that land (see section 1D and Schedule 1A).
- (4) For the purposes of this Chapter a person is “UK resident” for a tax year if the person is resident in the United Kingdom during any part of the tax year.
- (5) For the relevant residence rules—
- (a) in the case of individuals, see Schedule 45 to the Finance Act 2013 (which provides that individuals meeting the applicable tests for a tax year are taken to be resident for the whole of the year),
- (b) in the case of the personal representatives of deceased individuals, see section 62(3), and
- (c) in the case of trustees of settlements, see section 69.
##### 1B
- (1) For the purposes of section 1A(3)(a) a person has a UK branch or agency at any time if, at that time, the person carries on a trade, profession or vocation in the United Kingdom through a branch or agency there.
- (2) For the purposes of section 1A(3)(a) an asset has a relevant connection to a person's UK branch or agency if—
- (a) it is, or was, used in or for the purposes of the trade, profession or vocation at or before the time of the disposal,
- (b) it is, or was, used or held for the purposes of the branch or agency at or before that time, or
- (c) it is acquired for use by or for the purposes of the branch or agency.
- (3) Section 1A(3)(a) does not apply to a person who, as a result of Part 2 of TIOPA 2010 (double taxation arrangements), is exempt from income tax for the tax year in respect of the profits or gains of the branch or agency.
- (4) In the case of a profession or vocation carried on by a person, an asset does not have a relevant connection to the person's UK branch or agency if—
- (a) the asset was only used in or for the purposes of the profession or vocation before 14 March 1989, or
- (b) the asset was only used or held for the purposes of the branch or agency before that date.
- (5) In this Act, unless the context otherwise requires, “branch or agency”—
- (a) means any factorship, agency, receivership, branch or management, but
- (b) does not include any person within any of the exemptions under sections 835G to 835K of ITA 2007 (persons who are not UK representatives).
##### 1C
- (1) For the purposes of section 1A(3)(b) an “*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 an estate, interest, right or power in or over land in the United Kingdom,
other than an excluded interest.
- (2) The following interests are “excluded interests”—
- (a) any interest or right held for securing the payment of money or the performance of any other obligation,
- (b) a licence to use or occupy land,
- (c) in England and Wales or Northern Ireland, a tenancy at will or an advowson, franchise or manor, and
- (d) such other descriptions of interest or right in relation to land in the United Kingdom as may be specified in regulations made by the Treasury.
- (3) An interest or right is not within subsection (2)(a) if it is—
- (a) a rentcharge, or
- (b) in Scotland, a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000.
- (4) The grant of an option by a person binding the person to dispose of an interest in UK land is (so far as it would not otherwise be the case) regarded as a disposal of an interest in UK land by the person for the purposes of section 1A(3)(b).
- (5) This does not affect the operation of section 144 in relation to the grant of the option (or otherwise).
- (6) In this section—
- “*franchise*” means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls, and
- “*land*” includes—buildings and structures, andland under the sea or otherwise covered by water.
##### 1D
- (1) For the purposes of section 1A(3)(c) the following questions are determined in accordance with the provision made by Schedule 1A—
- (a) whether the asset being disposed of derives at least 75% of its value from UK land, and
- (b) whether the person making the disposal has a substantial indirect interest in the UK land at the time of the disposal.
- (2) The provision made by Schedule 1A is not to be taken as affecting the meaning of “substantial” in other contexts.
### Deduction of allowable losses
##### 1E
- (1) A loss is not an allowable loss if it accrues in a tax year at a time when, had a gain accrued instead, the gain would not have been chargeable to capital gains tax under this Act for the tax year (and see also sections 16(2) and 16A).
- (2) In addition, the only allowable losses that qualify for deduction from chargeable gains under section 1A(3) (non-UK residents) are those accruing to the person on disposals of assets within that subsection.
- (3) An allowable loss counts for the purposes of subsection (2) even if it accrues in a tax year in which the person was UK resident.
- (4) No allowable losses may be deducted from chargeable gains treated as accruing to an individual as a result of section 87, 87K, 87L or 89(2) (read, where appropriate, with section 1M).
- (5) If—
- (a) amounts (or elements of amounts) treated as accruing to an individual as a result of section 86 relate to different settlements, and
- (b) the deduction of allowable losses does not reduce the amounts or elements to nil,
the deduction applicable to each amount is the proportion that the amount concerned bears to the total of the amounts.
- (6) The deduction of allowable losses also has effect subject to Schedule 1 (UK resident individuals not domiciled in UK).
- (7) For the only case in which an allowable loss accruing in a tax year may be carried back to an earlier tax year, see section 62 (death).
##### 1F
- (1) Allowable losses may (subject to express provision to the contrary) be deducted from gains in whichever way is most beneficial to a person chargeable to capital gains tax.
- (2) Accordingly, an allowable loss may be deducted from a chargeable gain irrespective of the rate of tax at which the gain would otherwise have been charged.
- (3) Allowable losses that are deducted from gains may not be deducted any further than is necessary to eliminate the gains.
- (4) No part of an allowable loss may be relieved under this Act more than once.
- (5) So far as an amount has been relieved under the Income Tax Acts, it may not be further relieved under this Act.
### UK resident individuals with split tax years
##### 1G
- (1) If, as respects any individual, a tax year is a split year, sections 1A(1) and 1E have effect subject to the modifications made by this section.
- (2) Gains accruing to the individual in the overseas part of the tax year are chargeable to capital gains tax only if they accrue on the disposal of assets within section 1A(3).
- (3) Losses are deductible from gains accruing to the individual in the overseas part of the tax year on the disposal of assets within section 1A(3)(b) or (c) only if the losses accrue to the individual on the disposal of—
- (a) assets that are within section 1A(3)(b) or (c), or
- (b) assets that would be within section 1A(3)(b) or (c) if they did not have a relevant connection to the individual's UK branch or agency.
- (4) But losses accruing in the overseas part of the tax year on disposals of assets within section 1A(3)(b) or (c) are (so far as not deducted as mentioned in subsection (3)) deductible from gains accruing in the UK part of the tax year.
### Rates of CGT
##### 1H
- (1) This section makes provision about the rates at which capital gains tax is charged but has effect subject to—
- (a) section 169N (entrepreneurs' relief: rate of 10%), and
- (b) section 169VC (investors' relief: rate of 10%).
- (2) Chargeable gains accruing in a tax year to an individual that are—
- (a) residential property gains (see Schedule 1B), or
- (b) carried interest gains (see subsections (9) to (11)),
are charged to capital gains tax at a rate of 18% or 28%.
- (3) Other chargeable gains accruing in a tax year to an individual are charged to capital gains tax at a rate of 10% or 20%.
- (4) The question as to which of the rates applies to the gains concerned is determined by section 1I (income taxed at higher rates or gains exceeding unused basic rate band).
- (5) Chargeable gains accruing in a tax year to the personal representatives of a deceased individual that are—
- (a) residential property gains, or
- (b) carried interest gains,
are charged to capital gains tax at a rate of 28%.
- (6) Other chargeable gains accruing in a tax year to the personal representatives of a deceased individual are charged to capital gains tax at a rate of 20%.
- (7) Residential property gains accruing in a tax year to the trustees of a settlement are charged to capital gains tax at a rate of 28%.
- (8) Other chargeable gains accruing in a tax year to the trustees of a settlement are charged to capital gains tax at a rate of 20%.
- (9) For the purposes of this section chargeable gains are “carried interest gains” if they accrue to an individual (“X”)—
- (a) under section 103KA(2) or (3) (investment management services), or
- (b) as a result of carried interest arising to X under arrangements not involving a partnership under which X performs investment management services directly or indirectly in respect of an investment scheme.
- (10) A gain is not a carried interest gain under subsection (9)(b) if the carried interest constitutes a co-investment repayment or return.
- (11) Expressions used in subsection (9) or (10) have the same meaning as they have in Chapter 5 of Part 3.
##### 1I
- (1) If any of an individual's income for a tax year is chargeable to income tax at a higher income tax rate, gains accruing to the individual in the tax year are charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
- (2) If—
- (a) none of an individual's income for a tax year is chargeable to income tax at a higher income tax rate, but
- (b) the individual is chargeable to capital gains tax for the tax year on an amount that exceeds the unused part of the individual's basic rate band,
the excess (“the higher rate excess”) is charged at the rate of 28%(so far as comprising residential property gains or carried interest gains) or at the rate of 20% (so far as comprising other kinds of gains).
- (3) The remainder of this section sets out special rules which apply depending on the nature of the gains within subsection (2)(b).
- (4) If—
- (a) the gains consist of or include gains (“entrepreneur or investor gains”) chargeable at the rate of 10% under section 169N(3) or 169VC(2), and
- (b) the total amount of the entrepreneur or investor gains exceeds the unused part of the individual's basic rate band,
that unused part is used fully against those gains.
- (5) The effect of so doing is that other gains comprised in the higher rate excess are then charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
- (6) If the total amount of the entrepreneur or investor gains does not exceed the unused part of the individual's basic rate band—
- (a) so much of that unused part as is equal to that total amount is used against those gains, and
- (b) accordingly, the higher rate excess consists only of gains other than entrepreneur or investor gains.
- (7) The individual may allocate so much of the unused part of the individual's basic rate band as then remains to—
- (a) any residential property gains or carried interest gains, or
- (b) any other gains.
- (8) The effect of the allocation is that the gains to which the allocation is made are charged—
- (a) at the rate of 18%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 10% (if they are other kinds of gains).
- (9) Any gains to which no allocation is made are charged—
- (a) at the rate of 28%(if they are residential property gains or carried interest gains), or
- (b) at the rate of 20% (if they are other kinds of gains).
##### 1J
- (1) For the purposes of section 1I—
- a “*higher income tax rate*” means—the higher rate or the default higher rate,the savings higher rate, orthe dividend upper rate, and
- “*the unused part of the individual's basic rate band*” means the amount by which the basic rate limit exceeds the individual's Step 3 income.
- (2) If an individual is entitled to relief for a tax year under section 539 of ITTOIA 2005 (contracts for life insurance) by reference to the amount of a deficiency, the individual's Step 3 income for the tax year is treated for the purposes of this section as reduced by the amount of the deficiency.
- (3) If, as a result of section 669(1) and (2) of ITTOIA 2005 (inheritance tax on accrued income), there is a reduction in the residuary income of an estate for a tax year that reduces an individual's income by any amount, the individual's Step 3 income for the tax year is treated for the purposes of this section as reduced by the amount of that reduction in the individual's income.
- (4) If an individual has life insurance gains for a tax year, the individual's Step 3 income for the tax year is treated for the purposes of this section as if the amount of those gains were limited to—
- (a) the annual equivalent within the meaning of section 536(1) of ITTOIA 2005, or
- (b) the total annual equivalent within the meaning of section 537 of that Act,
as the case may be.
- (5) If—
- (a) an individual has life insurance gains for a tax year,
- (b) relief is given under section 535 of ITTOIA 2005 for the tax year, and
- (c) the calculation under section 536(1) or 537 of that Act for the tax year does not involve the higher rate,
the individual is treated for the purposes of section 1I as if none of the individual's income were chargeable to income tax at the higher rate, the default higher rate or the dividend upper rate.
- (6) In the application of section 1I in the case of any individual it is to be assumed that the individual is not a Scottish or Welsh taxpayer.
- (7) In this section—
- “*the individual's Step 3 income*” means so much of the individual's total income for the tax year as is left after taking Step 3 under section 23 of ITA 2007 (income tax liability calculation), and
- “*life insurance gains*”, in relation to an individual, means the amount or amounts treated as the individual's income as a result of section 465 of ITTOIA 2005 (gains from contracts for life insurance).
- (8) Expressions used in this section which have a meaning when used in the Income Tax Acts have the same meaning in this section.
### Annual exempt amount
##### 1K
- (1) If an individual is (or, apart from this section, would be) chargeable to capital gains tax for a tax year on chargeable gains, the annual exempt amount for the year is to be deducted from those gains (but no further than necessary to eliminate them).
- (2) The annual exempt amount for a tax year is £12,000.
- (3) The annual exempt amount may not be deducted from chargeable gains to which paragraph 2 of Schedule 1 applies (foreign gains of non-UK domiciled individuals accruing in one year and remitted in later year).
- (4) The deduction of the annual exempt amount—
- (a) is made after the deduction of allowable losses accruing in the tax year, but
- (b) is made before the deduction of allowable losses accruing in a previous tax year or, if section 62 applies, in a subsequent tax year.
- (5) The annual exempt amount may be deducted from gains in whatever way is most beneficial to a person chargeable to capital gains tax (irrespective of the rate of tax at which the gains would otherwise have been charged).
- (6) An individual is not entitled to an annual exempt amount for a tax year if section 809B of ITA 2007 (claim for remittance basis) applies to the individual for the year.
- (7) For the tax year in which an individual dies and for the next two tax years, this section applies to the individual's personal representatives as if references to the individual were to those personal representatives.
- (8) This section applies in relation to trustees in accordance with the provision made by Schedule 1C.
##### 1L
- (1) If the consumer prices index for the September before the start of a tax year is higher than it was for the previous September—
- (a) the annual exempt amount is increased by the same percentage as the rise in that index (rounded up to the nearest £100), and
- (b) section 1K(2) has effect for the tax year (and subsequent tax years) as if it referred to the increased amount.
- (2) If, as a result of this section, the annual exempt amount for a tax year increases, the Treasury must before the start of the tax year make an order showing the increased amount.
### Temporary periods of non-residence
##### 1M
- (1) If, in the case of the disposal of an asset by an individual who is temporarily non-resident—
- (a) a gain or loss accrues to the individual in the temporary period of non-residence, and
- (b) the asset is not excluded from this subsection by section 1N (certain assets acquired in that period),
the gain or loss is treated instead as accruing to the individual in the period of return.
- (2) If—
- (a) a gain is, as a result of subsection (1), treated as accruing to an individual in a tax year for which the remittance basis applies to the individual,
- (b) the tax year consists of or includes the period of return, and
- (c) the gain was remitted to the United Kingdom in the temporary period of non-residence,
the gain is treated instead as remitted to the United Kingdom in the period of return.
- (3) If—
- (a) an individual is temporarily non-resident, and
- (b) a gain would, as a result of section 86, have accrued to the individual in a tax year falling wholly or partly in the temporary period of non-residence if the individual had been resident in the United Kingdom for that year,
the gain is treated instead as accruing to the individual in the period of return (but see also section 86A).
- (4) Nothing in any double taxation arrangements prevents a charge to capital gains tax arising as a result of this section.
- (5) Nothing in this section is to affect a gain or loss which, apart from this section, would be chargeable to capital gains tax or would be an allowable loss.
- (6) For the purposes of this section each of the following expressions has the meaning given by Part 4 of Schedule 45 to the Finance Act 2013 (statutory residence test: anti-avoidance)—
- “the period of return”
- “temporarily non-resident”
- “the temporary period of non-residence”.
- (7) In this section the reference to “the remittance basis” applying to an individual for a tax year is to section 809B, 809D or 809E of ITA 2007 applying to the individual for the year.
##### 1N
- (1) An asset is excluded from section 1M(1) if—
- (a) it was acquired by the individual in the temporary period of non-residence,
- (b) the acquisition was otherwise than by means of a disqualifying no gain/no loss disposal,
- (c) there is no reduction in the consideration for the acquisition under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b) by reference to a UK resident disposal, and
- (d) the asset is not an interest created by or arising under a settlement.
- (2) This exclusion does not apply in the case of an asset (“the new asset”) if—
- (a) on a disposal of the new asset a gain or loss is treated as a result of 116(10) or (11), 134 or 154(2) or (4) as accruing (ignoring section 1M),
- (b) the gain or loss is calculated by reference to another asset (“the old asset”), and
- (c) the new asset is one that meets the conditions for exclusion but the old asset does not.
- (3) For the purposes of this section “*a UK resident disposal*” means a disposal by a person (“P”) of an asset which was acquired by P at a time when—
- (a) P was resident in the United Kingdom, and
- (b) P was not Treaty non-resident.
- (4) For the purposes of this section “*a disqualifying no gain/no loss disposal*” means a UK resident disposal to which section 58, 73 or 258(4) applies.
### Interpretation
##### 1O
In this Chapter any reference to a person who is, or is not, “*UK resident*” is to be read in accordance with section 1A(4).
### Chapter 2 — Corporation tax on chargeable gains
### Corporation tax on chargeable gains: the general scheme
### Territorial scope
### Application of CGT principles etc
### Supplementary
##### 2G
- (1) If assets of a company are vested in a liquidator—
- (a) this Chapter, and
- (b) the enactments applied by this Chapter,
apply as if the assets were vested in the company and as if the acts of the liquidator in relation to the assets were the company's acts.
- (2) Accordingly, acquisitions from or disposals to the liquidator by the company are ignored.
- (3) The assets may be vested in the liquidator under section 145 of the Insolvency Act 1986 or Article 123 of the Insolvency (Northern Ireland) Order 1989 or otherwise.
### Chapter 3 — Attribution of gains of non-UK resident close companies
### Gains of non-UK resident companies not otherwise chargeable
##### 3B
- (1) “*Participator*” has the meaning given by section 454 of CTA 2010.
- (2) Any reference to a person's interest as a participator in a company is to the interest in it represented by all the factors by reference to which the person is a participator.
- (3) Any reference to the extent of a person's interest as a participator in a company is to such proportion of the interests as participators of all of the company's participators as, on a just and reasonable basis, is represented by that interest.
- (4) If—
- (a) the interest of a person in a company is wholly or partly represented by an interest under a settlement (“the beneficial interest”), and
- (b) the beneficial interest is the factor (or one of them) by reference to which the person would, apart from this subsection, have an interest as a participator in the company,
that interest as a participator is, so far as represented by the beneficial interest, to be treated instead as the interest of the trustees of the settlement.
- (5) If—
- (a) exempt assets of a pension scheme are taken into account in ascertaining a person's interest as a participator in a company, and
- (b) if those assets were ignored, an amount in respect of a gain accruing to the company would not be apportioned to the person as a result of section 3,
no amount in the respect of the gain is to be apportioned to the person as a result of that section.
- (6) For this purpose—
- (a) “*assets of a pension scheme*” means assets held for the purposes of a fund or scheme to which section 271(1)(c) or (1A) applies, and
- (b) those assets are “exempt” if, at the time when the gain accrues, a disposal of those assets would be exempt from tax as a result of either of those provisions.
- (7) This section applies for the purposes of section 3.
### Prevention of multiple charges
##### 3C
- (1) If—
- (a) an amount of tax is paid by a person as a result of section 3 in respect of a gain, and
- (b) there is a distribution of an amount in respect of the gain before the end of the relevant period,
the amount of tax is applied so as to reduce or extinguish any liability of the person to tax in respect of the distribution.
- (2) For the purposes of subsection (1)—
- (a) the distribution is one made by way of dividend or distribution of capital or on the dissolution of the company,
- (b) the tax in respect of the distribution is income tax, corporation tax or capital gains tax, and
- (c) in determining the liability to tax of any individual in respect of any distribution for a tax year it is to be assumed that the distribution is the highest part of the individual's income for the year.
- (3) For the purposes of subsection (1) “*the relevant period*” means the period of 3 years from the end of whichever of the following periods is earlier—
- (a) the period of account of the company in which the gain accrued, and
- (b) the period of 12 months beginning with the date on which the gain accrued.
- (4) The amount of tax paid by a person as a result of section 3 is allowable as a deduction in calculating a chargeable gain accruing on the disposal by the person of any asset representing the person's interest as a participator in the company.
- (5) An amount of tax—
- (a) is not to be used more than once under this section (whether to reduce or extinguish a liability or as a deduction or a combination of those things), and
- (b) is not to be applied if it is reimbursed by the company.
### Non-UK domiciled individuals and temporary non-residents
##### 3D
- (1) This section applies if, as a result of section 3, an amount in respect of a gain accruing to a company in a tax year is apportioned to an individual who is not domiciled in the United Kingdom in that year.
- (2) The apportioned amount is regarded for the purposes of paragraph 1 of Schedule 1 as accruing on a disposal of a foreign asset if the asset disposed of by the company is a foreign asset (but not otherwise).
- (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 apportioned amount, and
- (b) if that consideration is less than the market value of the asset, treat the asset as deriving from the apportioned amount.
- (4) The apportioned amount may not be reduced or extinguished by a loss under section 3 if—
- (a) the apportioned amount is regarded for the purposes of paragraph 1 of Schedule 1 as accruing on a disposal of a foreign asset,
- (b) the remittance basis applies to the individual for the tax year in question, and
- (c) any of the apportioned amount is remitted to the United Kingdom in a subsequent tax year.
- (5) Paragraph 5 of Schedule 1 applies for the purposes of this section as it applies for the purposes of that Schedule.
##### 3E
- (1) This section applies if—
- (a) an individual is temporarily non-resident, and
- (b) a gain or loss accrues to a company in a tax year falling wholly or partly in the temporary period of non-residence.
- (2) So much of the gain as would, as a result of section 3, have been treated as accruing to the individual in the tax year if the residence assumption were made is to be treated as accruing to the individual in the period of return.
- (3) But if—
- (a) the remittance basis applies to the individual for the tax year that comprises or includes the period of return, and
- (b) any part of the gain has not been remitted to the United Kingdom before the period of the return,
subsection (2) has effect subject to the further application of Schedule 1 (as read with section 3D) in relation to that part of the gain.
- (4) Paragraph 5 of Schedule 1 applies for the purposes of subsection (3) as it applies for the purposes of that Schedule.
- (5) So much of the loss accruing in the tax year as would, in accordance with section 3(9), have reduced or extinguished a gain treated as accruing to the individual in that year as a result of section 3 if the residence assumption were made is to be treated as accruing to the individual in the period of return.
- (6) For the purposes of this section the “residence assumption” is—
- (a) that the individual was resident in the United Kingdom for the tax year in which the gain or loss accrued to the company, and
- (b) that the tax year was not a split year as respects the individual.
- (7) Nothing in any double taxation arrangements prevents a charge to capital gains tax arising as a result of this section.
- (8) For the purposes of this section each of the following expressions has the meaning given by Part 4 of Schedule 45 to the Finance Act 2013 (statutory residence test: anti-avoidance)—
- “the period of return”
- “temporarily non-resident”
- “the temporary period of non-residence”.
### Application to groups
##### 3F
- (1) This section applies, for the purposes of section 3, certain provisions of this Act (modified as mentioned below) in relation to non-resident companies which are members of a non-resident group of companies.
- (2) The applied provisions are—
- (a) section 41(8),
- (b) section 171 but as if subsections (1)(b) and (1A) were omitted,
- (c) section 173 but as if “to which this section applies” in subsections (1)(a) and (2)(a) were omitted, as if “such” in subsections (1)(c) and (2)(c) were omitted and as if subsection (3) were omitted,
- (d) section 174(4) but as if “at a time when both were members of the group” were substituted for “ in a transfer to which section 171(1) applied ”,
- (e) section 175(1) but as if “to which this section applies” were omitted, and
- (f) section 179 but as if subsections (1)(b) and (1A) were omitted, as if for any reference to a group of companies there were substituted a reference to a non-resident group of companies and as if for any reference to a company there were substituted a reference to a non-resident company.
- (3) In this section—
- “*non-resident company*” means a company which is not resident in the United Kingdom,
- “non-resident group of companies”—in the case of a group none of whose members are resident in the United Kingdom, means that group, andin the case of a group some of whose members are not resident in the United Kingdom, means the members which are not resident in the United Kingdom, and
- “*group*” is to be read in accordance with section 170.
### Supplementary
##### 3G
- (1) If tax payable by a person (“P”) as a result of section 3 is paid by—
- (a) the company (“C”) to which the gain accrues, or
- (b) a company by reference to which P is regarded as an indirect participator in C,
the amount paid is not a payment to P for tax purposes.
- (2) The reference here to tax purposes is to the purposes of income tax, capital gains tax or corporation tax.
- (3) For the purposes of section 3 the amount of a gain or loss accruing to a company is calculated as if the company were a company resident in the United Kingdom chargeable to corporation tax on the gain.
### Re-basing for non-residents for UK land etc held on 5 April 2019
##### 36A
Schedule 4AA makes provision for the re-basing of assets where—
- (a) the assets are held on 5 April 2019,
- (b) there is a disposal after that date, and
- (c) the disposal is a direct or indirect disposal of UK land (within the meaning of that Schedule).
##### 103DB
Schedule 5AAA makes provision in relation to collective investment vehicles where the property which is the subject of or held by the vehicles consists of or includes direct or indirect interests in land in the United Kingdom.
### Chapter 3A — Entrepreneurs' relief where company ceases to be individual's personal company
##### 169SB
This Chapter makes provision about an individual claiming entrepreneurs' relief in certain cases where relief would otherwise become unavailable because of a company ceasing to be the individual's personal company.
##### 169SC
- (1) If the following conditions are met, an individual may elect for this section to have effect.
- (2) The first condition is that, as a result of a relevant share issue, the company ceases to be the individual's personal company.
- (3) The second condition is that—
- (a) if, immediately before the relevant share issue, the individual had made a disposal at their relevant value of all assets consisting of shares in or securities of the company, the disposal would have been a material disposal of business assets, and
- (b) if a claim for entrepreneurs' relief had been made in respect of that disposal, a chargeable gain would have been treated by section 169N(2) as accruing to the individual.
- (4) Where this section has effect, the individual is to be treated for the purposes of this Act—
- (a) as having made a disposal immediately before the relevant share issue of all assets consisting of shares in or securities of the company, and
- (b) immediately after that event, as having reacquired those assets,
at their relevant value.
- (5) In this section—
- “*material disposal of business assets*” and “*personal company*” have the same meanings as in Chapter 3 (see section 169S),
- “*relevant share issue*” means an issue of shares by the company where—the shares are issued by the company for consideration consisting wholly of cash, andthe shares are subscribed, and issued, for genuine commercial reasons and not as part of arrangements the main purpose, or one of the main purposes, of which is to secure a tax advantage to any person, and
- “*relevant value*” means—in relation to an asset consisting of shares, an amount equal to the consideration that would be apportioned to the asset if, immediately before the relevant share issue, the whole of the issued share capital of the company were sold for a consideration equal to its market value at that time, orin relation to any other asset, its market value at the time of the relevant share issue.
- (6) For the purposes of the definition of “relevant share issue” in subsection (5)—
- “*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.
- (7) In this Chapter—
- (a) references to “*the notional disposal*” are references to the disposal mentioned in subsection (4)(a),
- (b) references to “*the notional gain*” are references to the chargeable gain mentioned in subsection (3)(b), and
- (c) references to shares in or securities of a company include references to interests in such shares or securities.
##### 169SD
- (1) An individual who makes an election under section 169SC may also elect that, for the purposes of this Act—
- (a) no chargeable gain or allowable loss is to be treated as accruing to the individual on the notional disposal, but
- (b) a chargeable gain calculated in accordance with this section is to be treated as accruing to the individual on any subsequent disposal by the individual of one or more assets consisting of shares in or securities of the company (in addition to any gain or loss that actually accrues on that disposal).
- (2) The chargeable gain treated as accruing to the individual on a subsequent disposal is the amount resulting from the following steps—
- *Step 1* Attribute the notional gain to each of the classes of shares in or securities of the company which are the subject of the notional disposal. The attribution must be made, in relation to each class, by reference to the proportion that—the relevant gains (see section 169N(5)) accruing on the notional disposal in respect of shares or securities within each class bears tothe total amount of relevant gains accruing on the notional disposal.
- *Step 2* Apportion the amount attributed to each class under Step 1 to the shares or securities of that class which are the subject of the subsequent disposal. The apportionment must be by reference to the proportion that—the nominal value of the shares or securities of that class which are the subject of the subsequent disposal bears tothe nominal value of shares or securities of that class which are the subject of the notional disposal.
- *Step 3* The amount resulting from these steps is—the total of the amounts apportioned to shares or securities under Step 2, butexcluding, in relation to each class of shares or securities, so much of those amounts as would, together with any chargeable gains treated by this section as accruing on previous disposals of shares or securities of that class, exceed the amount attributed to that class under Step 1.
- (3) If the subsequent disposal is a disposal by virtue of section 122, the nominal value of shares of a particular class which are the subject of that disposal is to be treated for the purposes of Step 2 of subsection (2) as being equal to the nominal value of shares of that class as are the subject of the notional disposal.
##### 169SE
- (1) This section has effect in any case where a transaction occurs to which section 116 (reorganisations, conversions and reconstructions) applies.
- (2) If sections 116(10)(b) and 169SD(1)(b) have effect in relation to a subsequent disposal of the new asset—
- (a) there must be calculated the chargeable gain that would have been treated by section 169SD(1)(b) as accruing to the individual if, at the time of the relevant transaction, the old asset had been disposed of immediately before that transaction,
- (b) the whole or a corresponding part of the chargeable gain mentioned in paragraph (a) is to be treated as accruing on the subsequent disposal of the whole or part of the new asset (in addition to any gain or loss that actually accrues on that disposal and any chargeable gain treated by section 116(10)(b) as accruing on that disposal), and
- (c) on that subsequent disposal, section 115 (exemptions for gilt-edged securities and qualifying corporate bonds) has effect only in relation to any gain that actually accrues and not in relation to any gain which is treated as accruing by virtue of paragraph (b).
- (3) In subsection (2) “*the new asset*”, “*the old asset*” and “*the relevant transaction*” have the same meanings as in section 116.
##### 169SF
- (1) This section has effect in any case where a transaction occurs to which sections 127 to 130 (treatment of share capital following a reorganisation) apply by virtue of any provision of Chapter 2 of Part 4.
- (2) If a gain is treated by section 169SD(1)(b) as accruing on a subsequent disposal of the new holding and it is necessary to apportion the gain between shares or securities forming part of that new holding, the apportionment must be made in the same proportions as those in which the costs of acquisition of the original shares fall to be apportioned under the provisions of that Chapter.
- (3) If subsection (3) of section 128 (consideration given or received by holder) has effect in relation to an individual, the individual is treated for the purposes of section 169SD as making the disposal of the interest in the original shares mentioned in that subsection.
- (4) In this section “*the new holding*” and “*the original shares*” have the same meanings as in sections 127 to 130 (see section 126).
##### 169SG
- (1) An election under section 169SC or 169SD is irrevocable.
- (2) An election under section 169SC must be made on or before the first anniversary of the 31 January following the tax year in which the notional disposal is made (“the relevant tax year”).
- (3) An election under section 169SD may not be made more than 4 years after the end of the relevant tax year.
- (4) If—
- (a) an individual makes an election under both sections 169SC and 169SD, and
- (b) a tax return under the Management Act would not otherwise be required for the relevant tax year,
the individual may make the elections by giving notice on or before the first anniversary of the 31 January following the relevant tax year.
##### 169SH
- (1) Where, as a result of an election under section 169SD, a chargeable gain is to be treated as accruing on a subsequent disposal, the following rules have effect.
- (2) The individual making the subsequent disposal must make a claim for entrepreneurs' relief on or before the first anniversary of the 31 January following the first tax year in which, as a result of the election, the chargeable gain is to be treated as accruing.
- (3) The chargeable gain is to be treated for the purposes of section 169N as the amount resulting from a calculation under subsection (1) of that carried out when that chargeable gain accrues and because of the claim mentioned in subsection (2).
- (4) If the chargeable gain is a part only of the notional gain, each chargeable gain that subsequently accrues is to be treated for the purposes of section 169N as the amount resulting from a calculation under subsection (1) of that section carried out when that chargeable gain arises and because of the claim mentioned in subsection (2).
- (5) In relation to the claim for entrepreneurs' relief in respect of the chargeable gain, the company is to be treated for the purposes of condition A in section 169I(6) as if it were, throughout the period of 2 years ending with the date of the subsequent disposal, the individual's personal company.
### Assets subject to EU exit charges
##### 184J
- (1) This section applies if—
- (a) an asset becomes a chargeable asset in relation to a company by reason of an event specified in subsection (2), and
- (b) on the occurrence of that event the company becomes subject to an EU exit charge in relation to the asset.
- (2) The events are—
- (a) the company becoming resident in the United Kingdom, and
- (b) in the case of a company that is not resident in the United Kingdom, the asset beginning to be held for the purposes of a trade carried on by the company in the United Kingdom through a permanent establishment.
- (3) The company is to be treated for the purposes of this Act as if it had acquired the asset for its market value at the time it became a chargeable asset in relation to the company.
- (4) For the purposes of this section an asset is a “*chargeable asset*” in relation to a company at any time if any gain on its disposal by the company at that time would be chargeable to corporation tax.
- (5) “*EU exit charge*” means a charge to tax under the law of a member State in accordance with Article 5(1) of Directive (EU) 2016/1164 of the European Parliament and of the Council of 12 July 2016 laying down rules against tax avoidance practices that directly affect the functioning of the internal market.
### Visiting forces and official agents etc
##### 271ZA
- (1) This section applies for the purposes of capital gains tax if section 833 of ITA 2007 (visiting forces and staff of designated allied headquarters) applies to an individual throughout a period.
- (2) The period is not a period of residence in the United Kingdom.
- (3) The period does not create a change of the individual's residence or domicile.
##### 271ZB
- (1) An individual who is entitled to immunity from income tax as a result of section 841 of ITA 2007 (official agents of Commonwealth countries or Republic of Ireland etc) is entitled to the same immunity from capital gains tax as that to which a member of the staff of a mission is entitled under the Diplomatic Privileges Act 1964.
- (2) The reference here to a member of the staff of a mission is to be read in accordance with the Diplomatic Privileges Act 1964.
### Foreign gains treated as accruing when remitted to UK
### Use of allowable losses against foreign gains remitted in later year
### Matching rules for relieving allowable losses
### Rules for matching losses to chargeable gains
##### 4
- (1) This paragraph explains how, for the purposes of paragraph 3, allowable losses are matched to chargeable gains in the case of an individual to whom that paragraph applies for a tax year.
- (2) The losses are matched to the gains in the following order—
- *first*, gains actually accruing to the individual in the tax year on the disposal of foreign assets so far as they are remitted to the United Kingdom in the tax year;
- *second*, gains actually accruing to the individual in the tax year on the disposal of foreign assets so far as they are not remitted to the United Kingdom in the tax year;
- *third*, any other gains accruing to the individual in the tax year.
- (3) If the tax year is a split year, the matching under the first and second steps is to be done by reference to the extent to which the gains are, or are not, remitted in the UK part of the year.
- (4) If there are losses to be matched to gains under the second step but the losses are insufficient to eliminate the gains—
- (a) the losses are to be matched against gains accruing on the most recent day first (and then the next most recent day and so on until none of the losses remain), and
- (b) if losses cannot be matched fully against gains accruing on a particular day, the appropriate portion of the losses is matched against each of the gains.
- (5) “*The appropriate portion*” means the amount of each gain accruing on the day divided by the total amount of all of the gains accruing on the day.
### Definitions
##### 5
- (1) For the purposes of this Schedule “*foreign asset*” means an asset situated outside the United Kingdom.
- (2) For the purposes of this Schedule any reference to “the remittance basis” applying to an individual for a tax year is to section 809B, 809D or 809E of ITA 2007 applying to the individual for the year.
- (3) For the purposes of this Schedule any question as to whether, and when, amounts are “remitted to the United Kingdom” is determined in accordance with the rules in Chapter A1 of Part 14 of ITA 2007.
## SCHEDULE 1A
## PART 1 — Introduction
##### 1
This Schedule makes provision, for the purposes of section 1A(3)(c) or 2B(4)(b), for determining in the case of any disposal of any asset—
- (a) whether the asset derives at least 75% of its value from UK land (see Part 2 of this Schedule), and
- (b) whether the person making the disposal has a substantial indirect interest in the UK land (see Part 3 of this Schedule).
##### 2
The provision made by this Schedule needs to be read together with—
- (a) paragraph 5 of Schedule 5AAA (which treats units in a CoACS as shares for the purposes of this Schedule), and
- (b) paragraph 6 of that Schedule (which treats certain disposals of interests in collective investment vehicles as meeting the conditions in Part 3 of this Schedule).
## PART 2 — Whether asset derives at least 75% of its value from UK land
### The basic rule
##### 3
- (1) An asset derives at least 75% of its value from UK land if—
- (a) the asset consists of a right or an interest in a company, and
- (b) at the time of the disposal, at least 75% of the total market value of the company's qualifying assets derives (directly or indirectly) from interests in UK land.
- (2) Market value may be traced through any number of companies, partnerships, trusts and other entities or arrangements but may not be traced through a normal commercial loan.
- (3) It is irrelevant whether the law under which a company, partnership, trust or other entity or an arrangement is established or has effect is—
- (a) the law of any part of the United Kingdom, or
- (b) the law of any territory outside the United Kingdom.
- (4) The assets held by a company, partnership or trust or other entity or arrangement must be attributed to the shareholders, partners, beneficiaries or other participants at each stage in whatever way is appropriate in the circumstances.
- (5) For the purposes of this paragraph—
- “*normal commercial loan*” means a loan which is a normal commercial loan for the purposes of section 158(1)(b) or 159(4)(b) of CTA 2010, and
- “*qualifying assets*” has the meaning given by paragraph 4.
- (6) The provision made by this paragraph is subject to exceptions provided by—
- (a) paragraph 5 (interests in UK land used for trading purposes), and
- (b) paragraph 6 (certain disposals of rights or interests in connected companies).
### Meaning of “qualifying assets”
##### 4
- (1) Subject as follows, all of the assets of the company are qualifying assets.
- (2) An asset of the company is not a qualifying asset so far as it is matched to a related party liability.
- (3) But an interest in UK land is a qualifying asset of the company even if it is matched to any extent to a related party liability.
- (4) An asset of the company is matched to a related party liability if—
- (a) the asset consists of a right under a transaction (for example, a right under a loan relationship or derivative contract),
- (b) the right entitles the company to require another person to meet a liability arising under the transaction, and
- (c) the other person is relevant to the paragraph 3 tracing exercise or is a related party of the company on the day of the disposal.
- (5) For the purposes of this paragraph a person is relevant to the paragraph 3 tracing exercise if—
- (a) the person has assets that fall to be taken into account in the tracing exercise mentioned in paragraph 3, or
- (b) the person has obligations (whether as a trustee or otherwise) in relation to the holding of assets comprised in any trust or other arrangement that fall to be taken into account in that exercise.
- (6) Whether, for the purposes of this paragraph, a person is a related party of the company on any day is determined in accordance with the rules in Part 8ZB of CTA 2010 but as if, in section 356OT(4) of that Act, the words “, within the period of 6 months beginning with that day” were omitted.
- (7) In this paragraph a liability includes a contingent liability (such as one arising as a result of the giving of a guarantee, indemnity or other form of financial assistance).
### Exception in relation to interests in UK land used for trading purposes
##### 5
- (1) A disposal of a right or interest in a company is not to be regarded as a disposal of an asset deriving at least 75% of its value from UK land if it is reasonable to conclude that, so far as the market value of the company's qualifying assets derives (directly or indirectly) from interests in UK land—
- (a) all of the interests in UK land are used for trading purposes, or
- (b) all of the interests in UK land would be used for those purposes if low-value non-trade interests in UK land were left out of account.
- (2) An interest in UK land is “*used for trading purposes*” for the purposes of this paragraph if (and only if), at the time of the disposal—
- (a) it is being used in, or for the purposes of, a qualifying trade, or
- (b) it has been acquired for use in, or for the purposes of, a qualifying trade.
- (3) A trade is a “qualifying” trade for the purposes of this paragraph if—
- (a) it has been carried on by the company, or by a person connected with the company, throughout the period of one year ending with the time of the disposal on a commercial basis with a view to the realisation of profits, and
- (b) it is reasonable to conclude that the trade will continue to be carried on (for more than an insignificant period of time) on a commercial basis with a view to the realisation of profits.
- (4) For the purposes of this paragraph, “*low-value non-trade interests in UK land*” means interests in UK land—
- (a) which are not used for trading purposes, and
- (b) the total market value of which is, at the time of the disposal, no more than 10% of the total market value at that time of the interests in UK land that are used for trading purposes.
### Exception for certain disposals of rights or interests under same arrangements etc
##### 6
- (1) This paragraph applies if—
- (a) there are two or more disposals of rights or interests in companies,
- (b) the disposals are linked with each other,
- (c) some but not all of the disposals would, apart from this paragraph, be disposals of assets deriving at least 75% of their value from UK land, and
- (d) if one of the companies included all of the assets of the others, a disposal of a right or interest in it would not be a disposal of an asset deriving at least 75% of its value from UK land.
- (2) None of the disposals are to be regarded as disposals of assets deriving at least 75% of their value from UK land.
- (3) In determining whether the condition in sub-paragraph (1)(d) is met in the case of a disposal of a right or interest in a company, it is to be assumed that, for the purposes of paragraph 4, each of the other companies in which rights or interest are disposed of is (so far as this would not otherwise be the case) a related party of the company on the day of the disposal.
- (4) For the purposes of this paragraph a disposal of a right or interest in a company is linked with a disposal of a right or interest in another company if—
- (a) the disposals are made under the same arrangements,
- (b) the disposals are made by the same person or by persons connected with each other,
- (c) the disposals are made to the same person or to persons connected with each other, and
- (d) in the case of each disposal, the person making the disposal is connected with the company in which the right or interest is disposed of.
- (5) For the purposes of this paragraph, the question whether or not a person is connected with another is to be determined immediately before the arrangements are entered into.
- (6) Section 286 (connected persons: interpretation) has effect for the purposes of this paragraph as if, in subsection (4), the words “Except in relation to acquisitions or disposals of partnership assets pursuant to bona fide commercial arrangements,” were omitted.
### Meaning of “interest in UK land”
##### 7
For the purposes of this Part of this Schedule “*interest in UK land*” has the meaning given by section 1C.
## PART 3 — Whether person has substantial indirect interest in UK land
### Basic rule
##### 8
- (1) If—
- (a) a person disposes of an asset consisting of a right or an interest in a company, and
- (b) the asset derives at least 75% of its value from UK land,
the person has a substantial indirect interest in UK land if, at any time in the period of 2 years ending with the time of the disposal, the person has a 25% investment in the company.
- (2) But a person is not to be regarded as having a 25% investment in the company at times falling in the person's qualifying ownership period if, having regard to the length of that period, the times (taken as whole) constitute an insignificant proportion of that period.
- (3) The “*person's qualifying ownership period*” means the period throughout which the person has held an asset consisting of a right or an interest in the company, but excluding times that fall before the beginning of the 2 year period mentioned in sub-paragraph (1).
### Meaning of “25% investment”
##### 9
- (1) A person (“P”) has a 25% investment in a company (“C”) if—
- (a) P possesses or is entitled to acquire 25% or more of the voting power in C,
- (b) in the event of a disposal of the whole of the equity in C, P would receive 25% or more of the proceeds,
- (c) in the event that the income in respect of the equity in C were distributed among the equity holders in C, P would receive 25% or more of the amount so distributed, or
- (d) in the event of a winding-up of C or in any other circumstances, P would receive 25% or more of C's assets which would then be available for distribution among the equity holders in C in respect of the equity in C.
- (2) In this paragraph references to the equity in C are to—
- (a) the shares in C other than restricted preference shares, or
- (b) loans to C other than normal commercial loans.
- (3) For this purpose “*shares in C*” includes—
- (a) stock, and
- (b) any other interests of members in C.
- (4) For the purposes of this paragraph a person is an equity holder in C if the person possesses any of the equity in C.
- (5) For the purposes of this paragraph—
- “*normal commercial loan*” means a loan which is a normal commercial loan for the purposes of section 158(1)(b) or 159(4)(b) of CTA 2010, and
- “*restricted preference shares*” means shares which are restricted preference shares for the purposes of section 160 of CTA 2010.
- (6) In a case where C is a company which does not have share capital, in applying for the purposes of this paragraph the definitions of “normal commercial loan” and “restricted preference shares”—
- (a) sections 160(2) to (7) and 161 to 164 of CTA 2010, and
- (b) any other relevant provisions of that Act,
have effect with the necessary modifications.
- (7) In this paragraph references to a person receiving any proceeds, amount or assets include—
- (a) the direct or indirect receipt of the proceeds, amount or assets, and
- (b) the direct or indirect application of the proceeds, amount or assets for the person's benefit,
and it does not matter whether the receipt or application is at the time of the disposal, distribution, winding-up or other circumstances or at a later time.
- (8) If—
- (a) there is a direct receipt or direct application of any proceeds, amount or assets by or for the benefit of a person (“A”), and
- (b) another person (“B”) directly or indirectly owns a percentage of the equity in A,
there is, for the purposes of sub-paragraph (7), an indirect receipt or indirect application of that percentage of the proceeds, amount or assets by or for the benefit of B.
- (9) For this purpose the percentage of the equity in A directly or indirectly owned by B is to be determined by applying the rules in sections 1155 to 1157 of CTA 2010 with such modifications (if any) as may be necessary.
- (10) Sub-paragraph (7) is not to result in a person being regarded as having a 25% investment in another person merely as a result of their being parties to a normal commercial loan.
- (11) Any reference in this paragraph, in the case of a person who is a member of a partnership, to the proceeds, amount or assets of the person includes the person's share of the proceeds, amount or assets of the partnership (apportioning those things between the partners on a just and reasonable basis).
### Attribution of rights and interests
##### 10
- (1) In determining for the purposes of paragraph 9 the investment that a person (“P”) has in a company, P is to be taken to have all of the rights and interests of any person connected with P.
- (2) A person is not to be regarded as connected with another person for the purposes of this paragraph merely as a result of their being parties to a loan that is a normal commercial loan for the purposes of paragraph 9.
- (3) Section 286 (connected persons: interpretation) has effect for the purposes of this paragraph—
- (a) as if, in subsection (2), for the words from “, or is a relative” to the end there were substituted “ or is a lineal ancestor or lineal descendant of the individual or of the individual's spouse or civil partner ”, and
- (b) as if subsections (4) and (8) were omitted.
## PART 4 — Anti-avoidance
##### 11
- (1) This paragraph applies if a person has entered into any arrangements the main purpose, or one of the main purposes, of which is to obtain a tax advantage for the person as a result (wholly or partly) of—
- (a) a provision of this Schedule applying or not applying, or
- (b) double taxation arrangements having effect despite a provision of this Schedule in a case where the advantage is contrary to the object and purpose of the double taxation arrangements.
- (2) The tax advantage is to be counteracted by the making of such adjustments as are just and reasonable.
- (3) The adjustments may be made (whether by an officer of Revenue and Customs or the person) by way of an assessment, the modification of an assessment, amendment or disallowance of a claim, or otherwise.
- (4) The counteraction has effect in a treaty shopping case regardless of section 6(1) of TIOPA 2010.
- (5) This paragraph applies by reference to—
- (a) arrangements entered into on or after 22 November 2017 in a treaty shopping case, and
- (b) arrangements entered into on or after 6 July 2018 in any other case.
- (6) In this paragraph—
- “arrangements” (except in the expression “*double taxation arrangements*”) includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable),
- “*double taxation arrangements*” means arrangements that have effect under section 2(1) of TIOPA 2010,
- “*tax*” means capital gains tax or corporation tax,
- “*tax advantage*” includes—relief or increased relief from tax,repayment or increased repayment of tax,avoidance or reduction of a charge to tax or an assessment to tax,avoidance of a possible assessment to tax,deferral of a payment of tax or advancement of a repayment of tax, andavoidance of an obligation to deduct or account for tax, and
- “*treaty shopping case*” means a case where this paragraph applies as a result of sub-paragraph (1)(b).
## SCHEDULE 1B
### Meaning of “residential property gain”
##### 1
- (1) For the purposes of Chapter 1 of Part 1 “*residential property gain*” means so much of a chargeable gain accruing to a person on a disposal of residential property as, in accordance with paragraph 2, is attributable to that property.
- (2) The question whether or not a person disposes of residential property is determined in accordance with paragraphs 3 to 7.
### Attribution of gain to residential property
##### 2
- (1) The proportion of a chargeable gain attributable to residential property is equal to—
- (a) the relevant fraction of the gain, and
- (b) if there has been mixed use of the land to which the disposal relates on one or more days in the applicable period, the relevant fraction of the gain as adjusted, on a just and reasonable basis, to take account of the mixed use on the day or days.
- (2) The relevant fraction is A/B where—
- A is the number of days in the applicable period on which the land to which the disposal relates consists of or includes a dwelling, and
- B is the total number of days in the applicable period.
- (3) There is mixed use of land on any day on which the land consists of—
- (a) one or more dwellings, and
- (b) other land.
- (4) If the disposal is of an interest in land subsisting under a contract for the acquisition of land consisting of or including a building that is to be constructed or adapted for use as a dwelling, that land is taken to consist of or include a dwelling throughout the applicable period.
- (5) In this paragraph “*the applicable period*” means the period—
- (a) beginning with the day on which the person making the disposal acquired the interest in land being disposed of or, if later, the day from which the interest in land became chargeable, and
- (b) ending with the day before the day on which the disposal occurs.
- (6) For the purposes of this paragraph an interest in land became “chargeable”—
- (a) in any case where the disposal is of an interest in land in the United Kingdom—
- (i) by a person in a tax year in which the person is not UK resident, or
- (ii) by a person in the overseas part of a tax year which is, as respects the person, a split year,
from 6 April 2015, and
- (b) in any other case, from 31 March 1982.
- (7) If the interest in land disposed of by the person results from interests in land acquired by the person at different times, the person is regarded for the purposes of this paragraph as having acquired the interest disposed of at the time of the first acquisition.
### Disposing of residential property
##### 3
- (1) For the purposes of this Schedule a person “disposes of residential property” if the person disposes of an interest in land in a case where—
- (a) the land consisted of or included a dwelling at any time falling on or after the date on which the applicable period begins,
- (b) the interest in land subsisted for the benefit of land that consisted of or included a dwelling at any time falling on or after that date, or
- (c) the interest in land subsists under a contract for the acquisition of land consisting of or including a building that is to be constructed or adapted for use as a dwelling.
- (2) No account is to be taken for the purposes of this paragraph of any time falling on (or after) the day on which the disposal is made.
### Interest in land
##### 4
- (1) For the purposes of this Schedule an “*interest in land*” means—
- (a) an estate, interest, right or power in or over land, or
- (b) the benefit of an obligation, restriction or condition affecting the value of an estate, interest, right or power in or over land,
other than an excluded interest.
- (2) The following interests are “excluded interests”—
- (a) any interest or right held for securing the payment of money or the performance of any other obligation,
- (b) a licence to use or occupy land,
- (c) in relation to land in England and Wales or Northern Ireland, a tenancy at will or an advowson, franchise or manor, and
- (d) such other descriptions of interest or right in relation to land as may be specified in regulations made by the Treasury.
- (3) An interest or right is not within sub-paragraph (2)(a) if it is—
- (a) a rentcharge, or
- (b) in relation to land in Scotland, a feu duty or a payment mentioned in section 56(1) of the Abolition of Feudal Tenure etc (Scotland) Act 2000.
- (4) The grant of an option by a person binding the person to dispose of an interest in land is (so far as it would not otherwise be the case) regarded as a disposal of an interest in land by the person for the purposes of this Schedule.
- (5) This does not affect the operation of section 144 in relation to the grant of the option (or otherwise).
- (6) In applying the domestic concepts of law mentioned in this paragraph to land outside the United Kingdom, this paragraph is to be read so as to produce the result most closely corresponding with that produced in relation to land in the United Kingdom.
- (7) In this paragraph—
- “*franchise*” means a grant from the Crown such as the right to hold a market or fair, or the right to take tolls, and
- “*land*” includes—buildings and structures, andland under the sea or otherwise covered by water.
### Dwelling: basic meaning
##### 5
- (1) For the purposes of this Schedule a building is 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 use as a dwelling,
and, in each case, it is not an institutional building.
- (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) is taken to be part of the dwelling at that time.
- (3) A building is an institutional building if—
- (a) it is used as residential accommodation for school pupils,
- (b) it is used as residential accommodation for members of the armed forces,
- (c) it is used as a home or other institution providing residential accommodation for children,
- (d) it is used as a home or other institution providing residential accommodation with personal care for persons in need of personal care because of old age, disability, past or present dependence on alcohol or drugs or past or present mental disorder,
- (e) it is used as a hospital or hospice,
- (f) it is used as a prison or similar establishment,
- (g) it is used as a hotel or inn or similar establishment,
- (h) it is otherwise used, or suitable for use, as an institution that is the sole or main residence of its residents,
- (i) it falls within—
- (i) paragraph 4 of Schedule 14 to the Housing Act 2004 (buildings in England or Wales occupied by students and managed or controlled by educational establishment etc), or
- (ii) any provision having effect in Scotland or Northern Ireland that is designated by regulations made by the Treasury as provision corresponding to paragraph 4 of that Schedule, or
- (j) it qualifies in accordance with the next sub-paragraph as student accommodation.
- (4) A building qualifies as student accommodation in accordance with this sub-paragraph at any time if the time falls in a tax year in which—
- (a) the accommodation provided by the building includes at least 15 bedrooms,
- (b) the accommodation is purpose-built, or is converted, for occupation by students, and
- (c) the accommodation is occupied by students on at least 165 days.
- (5) Accommodation is to be regarded as occupied by persons as students if they occupy it wholly or mainly for undertaking a course of education (otherwise than as school pupils).
### Building temporarily unsuitable for use as a dwelling
##### 6
- (1) A building is treated for the purposes of paragraph 5 as continuing to be suitable for use as a dwelling at any time when it has become temporarily unsuitable for use as a dwelling.
- (2) There is an exception to this rule if—
- (a) the temporary unsuitability resulted from accidental damage to the building, and
- (b) the damage resulted in the building becoming unsuitable for use as a dwelling for a period of at least 90 consecutive days (“the 90 day period”).
- (3) This exception does not apply 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 at least 30 consecutive days.
- (4) If the exception applies, work done in the 90 day period to restore the building to suitability for use as a dwelling is not to count for the purposes of paragraph 5 as constructing or adapting the building for use as a dwelling.
- (5) For the purposes of this paragraph—
- (a) references to accidental damage include damage otherwise caused by events beyond the control of the person disposing of the interest in land,
- (b) references to alteration of a building include its partial demolition, and
- (c) the 90 day period does not include the day of the disposal (or later days).
- (6) For the purposes of this paragraph a building's unsuitability for use as a dwelling is not regarded as temporary if paragraph 7 applies (disposal of a building that has undergone works).
### Disposal of a building that has undergone works
##### 7
- (1) If—
- (a) a person disposes of an interest in land on which a building has been suitable for use as a dwelling, and
- (b) as a result of qualifying works, the building has, at or before the time of completion of the disposal, ceased to exist or become unsuitable for use as a dwelling,
the building is to be regarded for the purposes of paragraph 5 as unsuitable for use as a dwelling throughout the works period.
- (2) For the purposes of this paragraph works are “qualifying” works if—
- (a) any planning permission or development consent required for the works, or for any change of use with which they are associated, has been granted (whether before or after completion), and
- (b) the works have been carried out in accordance with the permission or consent.
- (3) In this paragraph “*the works period*” means—
- (a) the period when the works were in progress, and
- (b) such period (if any) ending immediately before the start of the works throughout which the building was, for reasons connected with the works, not used as dwelling.
- (4) If at any time when qualifying works are in progress—
- (a) the building was undergoing any other work, or put to any other use, in relation to which planning permission or development consent was required but has not (at any time) been granted, or
- (b) anything else was being done in contravention of a condition or requirement attached to a planning permission or development consent relating to the building,
the works period does not include that time.
- (5) If sub-paragraph (1) would have applied but for the fact that, at the completion of the disposal, the works are not qualifying works, the works are regarded as not affecting the building's suitability for use as a dwelling at any time before the disposal.
### Other definitions
##### 8
- (1) For the purposes of this Schedule a building is regarded as ceasing to exist from the time when either—
- (a) it has been demolished completely to ground level, or
- (b) it has been demolished to ground level except for a single facade (or a double facade if it is on a corner site) the retention of which is a condition or requirement of planning permission or development consent.
- (2) For the purposes of this Schedule the completion of the disposal of an interest in land is regarded as occurring—
- (a) at the time of the disposal, or
- (b) if the disposal is under a contract which is completed by a conveyance, transfer or other instrument, at the time when the instrument takes effect.
- (3) In this Schedule—
- “*building*” includes a part of a building,
- “*development consent*” means—in the case of land in the United Kingdom, development consent under the Planning Act 2008, andin the case of land outside the United Kingdom, consent corresponding to development consent under that Act, and
- “planning permission”—in the case of land in England or Wales, has the meaning given by section 336(1) of the Town and Country Planning Act 1990,in the case of land in Scotland, has the meaning given by section 227(1) of the Town and Country Planning (Scotland) Act 1997,in the case of land in Northern Ireland, has the meaning given by Article 2(2) of the Planning (Northern Ireland) Order 1991, andin the case of land outside the United Kingdom, means permission corresponding to any planning permission in relation to land anywhere in the United Kingdom.
### Power to modify meaning of “use as a dwelling”
##### 9
- (1) The Treasury may by regulations amend this Schedule for the purpose of clarifying or changing the cases where a building is, or is not, to be regarded as being used, or suitable for use, as a dwelling.
- (2) The provision that may be made by the regulations includes (for example) provision omitting or adding cases where a building is, or is not, to be regarded as being used, or suitable for use, as a dwelling.
### Regulations
##### 10
Regulations under any provision of this Schedule may make incidental, consequential, supplementary or transitional provision or savings.
## SCHEDULE 1C
### Introductory
##### 1
- (1) This Schedule provides for the application of section 1K (in some cases with modifications) in relation to the trustees of a settlement for a tax year.
- (2) The application of this Schedule depends on (among other things) whether or not—
- (a) a settlement is for the benefit of a disabled person, and
- (b) a settlement is a qualifying UK settlement.
- (3) For the definitions of those expressions, see paragraphs 3 and 7 respectively.
- (4) In this Schedule any reference to the application of section 1K in relation to an individual for a tax year is to its application in relation to an individual who is resident and domiciled in the United Kingdom for the year.
### Settlements for the benefit of disabled persons
##### 2
- (1) In the case of a settlement for the benefit of a disabled person for a tax year, section 1K applies in relation to the trustees of the settlement for the year as it applies in relation to an individual for the year.
- (2) This paragraph needs to be read with—
- (a) paragraph 6 (cases where settlement is a qualifying UK settlement comprised in a group), and
- (b) paragraph 8 (sub-fund settlements).
##### 3
- (1) A settlement is a “settlement for the benefit of a disabled person” for a tax year if, for the whole or part of that year, settled property is held on trusts which secure that, during the lifetime of a disabled person, the property and income tests are met.
- (2) The property test is met if any of the property which is applied for the benefit of a beneficiary is applied for the disabled person's benefit.
- (3) The income test is met if either—
- (a) the disabled person is entitled to all of the income (if any) arising from any of the property, or
- (b) if any income arising from any of the property is applied for the benefit of a beneficiary, it is applied for the disabled person's benefit.
- (4) A settlement is not prevented from being a settlement for the benefit of a disabled person for a tax year just because—
- (a) the trustees have power to apply amounts (of any nature) not exceeding the de minimis threshold for that year,
- (b) the trustees have the powers of advancement conferred by section 32 of the Trustee Act 1925 or section 33 of the Trustee Act (Northern Ireland) 1958,
- (c) the trustees have those powers but free from, or subject to a less restrictive limitation than, the limitation imposed by—
- (i) proviso (a) of section 32(1) of the Trustee Act 1925, or
- (ii) section 33(1)(a) of the Trustee Act (Northern Ireland) 1958, or
- (d) the trustees have powers to the same effect as the powers mentioned in paragraph (b) or (c).
- (5) For the purposes of sub-paragraph (4)(a) “*the de minimis threshold*” means—
- (a) £3,000, or
- (b) 3% of the maximum value of the settled property during the tax year,
whichever is the lower.
- (6) In this paragraph “*disabled person*” has the meaning given by Schedule 1A to the Finance Act 2005.
- (7) If the income from settled property is held for the benefit of a disabled person (“D”) on trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts), the reference in this paragraph to D's lifetime is to be read as a reference to the period during which the income is held on trust for D.
- (8) This paragraph applies for the purposes of this Schedule.
##### 4
- (1) The Treasury may by order—
- (a) specify circumstances in which paragraph 3(4)(a) is, or is not, to apply, and
- (b) amend the definition of “the de minimis threshold” in paragraph 3(5).
- (2) The order may—
- (a) make different provision for different purposes, and
- (b) contain transitional and saving provision.
- (3) A statutory instrument containing an order under this paragraph which reduces the annual exempt amount in any case may not be made unless a draft of the instrument has been laid before, and approved by a resolution of, the House of Commons.
### Other settlements
##### 5
- (1) This paragraph applies if settlement is not a settlement for the benefit of a disabled person for a tax year.
- (2) Section 1K applies in relation to the trustees of the settlement for the year as it applies in relation to an individual for the year but as if the annual exempt amount for the year were one-half of the amount available for the individual for the year.
- (3) This paragraph needs to be read be with—
- (a) paragraph 6 (cases where settlement is qualifying UK settlement comprised in a group), and
- (b) paragraph 8 (sub-fund settlements).
### Special rules for qualifying UK settlements comprised in groups
##### 6
- (1) This paragraph reduces the annual exempt amount for trustees of a settlement for a tax year if the settlement is one of two or more qualifying UK settlements comprised in a group.
- (2) In the case of a settlement for the benefit of a disabled person for the year, the annual exempt amount for the year is to be reduced so that it is equal to—
- (a) one-tenth of an individual's amount for that year, or
- (b) the amount resulting from dividing the individual's amount for that year by the number of settlements in the group,
whichever is the greater.
- (3) In the case of any other settlement, the annual exempt amount for the year is to be reduced so that it is equal to—
- (a) one-tenth of an individual's amount for that year, or
- (b) the amount resulting from dividing half of an individual's amount for that year by the number of settlements in the group,
whichever is the greater.
- (4) In this paragraph “*an individual's amount*”, in relation to a tax year, means the annual exempt amount applying to an individual for the year under section 1K.
- (5) For the purposes of this paragraph all qualifying UK settlements in relation to which the same person is the settlor constitute a group.
- (6) If—
- (a) two or more persons are settlors in relation to a settlement, and
- (b) a settlement is consequently comprised in two or more groups comprising different numbers of settlement,
sub-paragraphs (2)(b) and (3)(b) have effect by reference to the largest group.
##### 7
- (1) In this Schedule “*qualifying UK settlement*”, in relation to a tax year, means any settlement in relation to which both of the following conditions are met—
- (a) the trustees of the settlement are resident in the United Kingdom during any part of the tax year, and
- (b) the property comprised in the settlement is not held for a charitable or pensions purpose.
- (2) Property comprised in a settlement is held for a charitable purpose if (and only if)—
- (a) it is held for charitable purposes only, and
- (b) it cannot become applicable for other purposes.
- (3) Property comprised in a settlement is held for a pensions purpose if (and only if) it is held for the purposes of—
- (a) a registered pension scheme,
- (b) a superannuation fund to which section 615(3) of the Taxes Act applies, or
- (c) an occupational pension scheme (within the meaning of section 150(5) of the Finance Act 2004) that is not a registered pension scheme.
- (4) For this purposes of any provision of this Schedule other than paragraph 8 a settlement is not a qualifying UK settlement if—
- (a) in the case of one for the benefit of a disabled person, it was made before 10 March 1981, or
- (b) in any other case, it was made before 6 June 1978.
### Special rules for principal settlements and sub-funds
##### 8
- (1) This paragraph—
- (a) applies if the trustees of a settlement (“the principal settlement”) have made an election under paragraph 1 of Schedule 4ZA the effect of which is that one or more other settlements (“sub-fund settlements”) are treated as created, and
- (b) provides for the annual exempt for the trustees of each of the affected settlements to be determined by reference to the assumed annual amount.
- (2) For this purposes of this paragraph—
- (a) the principal settlement and each of the sub-fund settlements is an “affected settlement”, and
- (b) the “*assumed annual amount*” means the amount which would be the annual exempt for the trustees of the principal settlement on the assumption that no election had been made under paragraph 1 of Schedule 4ZA.
- (3) The annual exempt amount for the trustees of each of the affected settlements is the assumed annual amount unless there are two or more qualifying UK settlements in the affected settlements.
- (4) In that case, the annual exempt amount for the trustees of each of the affected settlements is the assumed annual amount divided by the number of qualifying UK settlements in the affected settlements.
## SCHEDULE 4AA
## PART 1 — Introduction
##### 1
- (1) Part 2, 3 or 4 of this Schedule applies on the first occasion on which a person disposes of an asset that the person held on 5 April 2019 where—
- (a) the disposal is either a direct or indirect disposal of UK land, and
- (b) the disposal is made by a non-resident or a UK resident in the overseas part of a tax year.
- (2) See also paragraph 16 (non-UK resident company holding UK land becoming resident in UK after 5 April 2019).
- (3) For the purposes of this Schedule—
- (a) a disposal is a “direct disposal of UK land” if it is a disposal of an interest in UK land, and
- (b) a disposal by a person is an “indirect disposal of UK land” if it is a disposal of an asset (other than an interest in UK land) deriving at least 75% of its value from UK land where the person has a substantial indirect interest in that land.
- (4) For the purposes of this paragraph, the disposal is made by a non-resident or a UK resident in the overseas part of a tax year if it is—
- (a) a disposal on which a gain accrues that falls to be dealt with by section 1A(3) because the asset disposed of is within paragraph (b) or (c) of that subsection,
- (b) a disposal on which a gain accrues that falls to be dealt with by section 1A(1) in accordance with section 1G(2) because the asset disposed of is within section 1A(3)(b) or (c),
- (c) a disposal on which a gain accrues that falls to be dealt with by section 2B(4), or
- (d) a disposal of an asset on which a gain does not accrue but which, had a gain accrued, would fall to be dealt with as mentioned in any of the preceding paragraphs of this sub-paragraph.
## PART 2 — Indirect disposals and direct disposals not chargeable before 6 April 2019
### Introduction
##### 2
- (1) This Part of this Schedule applies to—
- (a) all indirect disposals of UK land,
- (b) direct disposals of UK land that were not fully residential before 6 April 2019, and
- (c) direct disposals of UK land by persons who were not chargeable before 6 April 2019.
- (2) For the purposes of this paragraph a direct disposal of UK land made by a person was “not fully residential before 6 April 2019” if in the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 6 April 2015, and
- (b) ending with 5 April 2019,
there was no day on which the land to which the disposal relates consisted of or included a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time before 6 April 2019, consisted of or included a building to be constructed or adapted for use as a dwelling, the disposal is taken to be fully residential before that date.
- (4) For the purposes of this paragraph, a disposal is made by a person who was not chargeable before 6 April 2019 if, immediately before that date, the person was—
- (a) a company which was not a closely-held company (see sub-paragraph (5)),
- (b) a widely-marketed scheme (see sub-paragraph (6)), or
- (c) a company carrying on life assurance business (as defined in section 56 of the Finance Act 2012) where the interest in UK land was, immediately before that date, held for the purpose of providing benefits to policyholders in the course of that business.
- (5) The question as to whether a company is “a closely-held company” is determined in accordance with Part 1 of Schedule C1; but if—
- (a) the company is a divided company within the meaning of section 14G, and
- (b) the company would not otherwise be regarded as a closely-held company,
the company is to be so regarded if the conditions in subsection (3) of that section are met.
- (6) A person is a “widely-marketed scheme” if—
- (a) the person is a scheme within the meaning of section 14F, and
- (b) condition A or B in that section is met,
reading the reference in subsection (8)(a) of that section to the non-resident CGT disposal as a reference to the disposal mentioned in paragraph 1(1).
- (7) In determining for the purposes of this paragraph whether or not—
- (a) a person is a closely-held company, or
- (b) a person is a widely-marketed scheme,
arrangements are to be ignored if the main purpose of, or one of the main purposes of, them is to secure a tax advantage as a result of the person not being a closely-held company or the person being a widely-marketed scheme.
- (8) In this paragraph—
- (a) “*arrangements*” and “*tax advantage*” have the same meaning as in section 16A, and
- (b) any reference to section 14F, 14G or Schedule C1 are to those provisions as they had effect on 5 April 2019 (before their repeal by Schedule 1 to the Finance Act 2019).
### Re-basing to 5 April 2019
##### 3
- (1) In calculating the gain or loss accruing on the disposal it is be assumed that the asset was on 5 April 2019 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) This paragraph has effect subject to any election made by the person under paragraph 4 (retrospective basis of calculation).
### Election for retrospective basis of calculation
##### 4
- (1) The person may make an election under this paragraph for the assumption that the asset is sold and reacquired as mentioned in paragraph 3 not to apply.
- (2) If, in the case of an indirect disposal of UK land—
- (a) a person makes an election under this paragraph, and
- (b) a loss accrues on the disposal,
the loss is not an allowable loss.
### Calculation of residential property gain if election made under paragraph 4
##### 5
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 4 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
## PART 3 — Direct disposals of Pre-April 2015 assets fully chargeable before 6 April 2019
### Introduction
##### 6
- (1) This Part of this Schedule applies to any direct disposal of UK land if—
- (a) the person held the interest in UK land being disposed of throughout the period beginning with 6 April 2015 and ending with the disposal, and
- (b) the disposal was fully residential before 6 April 2019.
- (2) For this purpose a direct disposal of UK land made by a person is “fully residential before 6 April 2019” if in the period—
- (a) beginning with 6 April 2015, and
- (b) ending with 5 April 2019,
every day on which the land to which the disposal relates consisted of a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time in that period, did not consist of a building to be constructed or adapted for use as a dwelling, the disposal is taken to be not fully residential before 6 April 2019.
- (4) This Part of this Schedule does not apply to a direct disposal of UK land made by a person who was not chargeable before 6 April 2019, as determined for the purposes of paragraph 2.
### Re-basing to 5 April 2015
##### 7
- (1) In calculating the gain or loss accruing on the disposal it is be assumed that the asset was on 5 April 2015 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) This paragraph has effect subject to any election made by the person under either—
- (a) paragraph 8 (retrospective basis of calculation), or
- (b) paragraph 9 (straight-line time apportionment),
(and an election may be made under only one of those paragraphs).
### Election for retrospective basis of calculation
##### 8
The person may make an election under this paragraph for the assumption that the asset is sold and reacquired as mentioned in paragraph 7 not to apply.
### Election for straight-line time apportionment
##### 9
- (1) The person may make an election under this paragraph—
- (a) for the assumption that the asset is sold and reacquired as mentioned in paragraph 7 not to apply, and
- (b) for the gain or loss accruing on the disposal to be apportioned so that only the post-5 April 2015 proportion of it is treated as accruing on the disposal.
- (2) The “post-5 April 2015 proportion” is the proportion that the days in the post-5 April 2015 period bear to the days in the ownership period.
- (3) For this purpose—
- “*the post-5 April 2015 period*” means the day beginning with 6 April 2015 and ending with the day on which the disposal is made, and
- “*the ownership period*” means the period beginning with the day on which the person acquired the interest disposed of or, if later, 31 March 1982 and ending with the day on which the disposal is made.
### Calculation of residential property gain if election made under paragraph 8 or 9
##### 10
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 8 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
##### 11
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 9 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with 6 April 2015, and
- (b) ending with the day before the day on which the disposal is made.
## PART 4 — Direct disposals of assets partly chargeable before 6 April 2019
### Introduction
##### 12
- (1) This Part of this Schedule applies to any direct disposal of UK land if—
- (a) neither Part 2 nor Part 3 of this Schedule applies to the disposal, and
- (b) the interest in UK land being disposed of was not a post-April 2015 asset that was fully residential before 6 April 2019.
- (2) For this purpose—
- (a) the interest in UK land being disposed of is a “post-April 2015 asset” if it was acquired by the person after 5 April 2015, and
- (b) the asset “was fully residential before 6 April 2019” if, in the period beginning with the day on which it was acquired and ending with 5 April 2019, every day on which the land to which the disposal relates consisted of a dwelling.
- (3) If the disposal is of an interest in land subsisting under a contract for the acquisition of land that, at any time in that period, did not consist of a building to be constructed or adapted for use as a dwelling, the disposal is taken to be not fully residential before 6 April 2019.
### Re-basing to 5 April 2015 and 5 April 2019
##### 13
- (1) In calculating the gain or loss accruing on the disposal (“the actual disposal”) it is be assumed that—
- (a) the asset was on 5 April 2015 sold by the person, and immediately reacquired by the person, at its market value on that date (but see sub-paragraph (3)), and
- (b) in addition, the asset was on 5 April 2019 sold by the person, and immediately reacquired by the person, at its market value on that date.
- (2) In the case of the assumed sale on 5 April 2019, the gain or loss accruing on that sale is treated as accruing on the actual disposal (in addition to the gain or loss that actually accrues on the actual disposal).
- (3) If the asset was acquired by the person after 5 April 2015, the assumption that it is sold, and immediately reacquired, on 5 April 2015 is not to apply.
- (4) This paragraph has effect subject to any election made by the person under paragraph 14 (retrospective basis of calculation).
### Election for retrospective basis of calculation
##### 14
The person may make an election under this paragraph for the assumptions that the asset is sold and reacquired as mentioned in paragraph 13 not to apply.
### Calculation of residential property gain if election made under paragraph 14
##### 15
- (1) This paragraph applies if—
- (a) a person makes an election under paragraph 14 in respect of a disposal on which a gain accrues, and
- (b) it is necessary to determine, in accordance with Schedule 1B, how much of the gain is a residential property gain.
- (2) Paragraph 2 of Schedule 1B has effect as if—
- (a) sub-paragraphs (5) and (6) of that paragraph were omitted, and
- (b) in that paragraph, “the applicable period” had the definition given by the next sub-paragraph.
- (3) “*The applicable period*” means the period—
- (a) beginning with the day on which the person acquired the interest in land being disposed of or, if later, 31 March 1982, and
- (b) ending with the day before the day on which the disposal is made.
## PART 5 — Miscellaneous
### Companies with UK land becoming UK resident after 5 April 2019
##### 16
- (1) This paragraph applies in any case where—
- (a) a company becomes resident in the United Kingdom after 5 April 2019,
- (b) the company makes a direct or indirect disposal of UK land after that date, and
- (c) (ignoring this paragraph) Part 2, 3 or 4 of this Schedule would have applied to the disposal but for the fact that it is made at a time when the company is resident in the United Kingdom.
- (2) In that case, Part 2, 3 or 4 of this Schedule applies in relation to the disposal (regardless of paragraph 1(1)(b)).
### Persons with UK land ceasing to be UK resident after 5 April 2019
##### 17
- (1) This paragraph applies in any case where—
- (a) the trustees of a settlement cease to be resident in the United Kingdom after 5 April 2019,
- (b) after that date the trustees dispose of an asset held by them on that date, and
- (c) the disposal is a direct or indirect disposal of UK land.
- (2) Nothing in Part 2, 3 or 4 of this Schedule applies to the disposal.
- (3) The asset that is disposed of is excepted from the application of section 80(2) (deemed disposal of assets on trustees ceasing to be resident in UK).
##### 18
- (1) This paragraph applies in any case where—
- (a) a company ceases to be resident in the United Kingdom after 5 April 2019,
- (b) after that date the company disposes of an asset held by it on that date, and
- (c) the disposal is a direct or indirect disposal of UK land.
- (2) Nothing in Part 2, 3 or 4 of this Schedule applies to the disposal.
- (3) The asset that is disposed of is excepted from the application of section 185(2) and (3) (deemed disposal of assets on company ceasing to be resident in UK).
### Wasting assets
##### 19
- (1) This paragraph applies if, in calculating a gain or loss accruing to a person in a case where paragraph 3, 7 or 13 is applicable, it is necessary to make a wasting asset determination in relation to the asset disposed of.
- (2) The assumption that the asset was acquired on a date mentioned in paragraph 3, 7 or 13 (as the case may be) is to be ignored in making that determination.
- (3) In this paragraph “*a wasting asset determination*” means a determination whether or not an asset is a wasting asset, as defined for the purposes of Chapter 2 of Part 2 of this Act.
### Capital allowances
##### 20
- (1) This paragraph applies if, in calculating a gain or loss accruing to a person in a case where paragraph 3, 7 or 13 is applicable, it is to be assumed that the asset disposed of was acquired on a particular date for a consideration equal to its market value on that date.
- (2) For the purposes of that calculation—
- (a) section 41 (restriction of losses by reference to capital allowances and renewals allowances), and
- (b) section 47 (wasting assets qualifying for capital allowances),
are to apply in relation to any allowance made in respect of the expenditure actually incurred in acquiring or providing the asset as if it were made in respect of the expenditure assumed to have been incurred.
- (3) In this paragraph “*allowance*” means any capital allowance or renewals allowance.
### Making of elections
##### 21
- (1) An election under any provision of this Schedule must (regardless of section 42(2) of the Management Act) be made by being included in a relevant return relating to the disposal.
- (2) For the purposes of this paragraph a “*relevant return*” means—
- (a) an ordinary tax return, or
- (b) a return under Schedule 2 to the Finance Act 2019.
- (3) An election under any provision of this Schedule which is made by being included in a return under Schedule 2 to the Finance Act 2019 may be subsequently revoked by provision included in an ordinary tax return which is delivered on or before the filing date for the ordinary tax return.
- (4) Subject to that, an election under any provision of this Schedule is irrevocable.
- (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 under any provision of this Schedule.
- (6) For the purposes of this paragraph, in the case of a person other than a company—
- “*ordinary tax return*” means a return under section 8 or 8A of the Management Act, and
- “*the filing date*”, in relation to that return, has the meaning given by section 9A(6) of that Act.
- (7) For the purposes of this paragraph, in the case of a company—
- “*ordinary tax return*” means a company tax return under Schedule 18 to the Finance Act 1998, and
- “*the filing date*”, in relation to that return, has the meaning given by paragraph 14 of that Schedule.
- (8) For the purposes of this paragraph—
- (a) the reference to an election being included in a relevant return includes its being included as a result of an amendment of the return, and
- (b) the reference to the revocation of an election being included in an ordinary tax return includes its being included as a result of an amendment of the return.
### Interpretation
##### 22
- (1) In this Schedule—
- (a) any reference to an interest in UK land is to be read in accordance with section 1C (and any reference to land is to be read in accordance with that section), and
- (b) any reference to an asset (other than an interest in UK land) deriving at least 75% of its value from UK land where a person has a substantial indirect interest in that land is to be read in accordance with Schedule 1A.
- (2) If an interest in UK land disposed of by a person results from interests in UK land acquired by the person at different times, the person is regarded for the purposes of this Schedule as having acquired the interest disposed of at the time of the first acquisition.
- (3) For the purposes of this Schedule, whether a building is a dwelling is determined in accordance with Schedule 1B.
## SCHEDULE 5AAA
## PART 1 — Introduction: key expressions
### Meaning of “collective investment vehicle”, “participant” and “unit”
##### 1
- (1) In this Schedule “*collective investment vehicle*” means—
- (a) a collective investment scheme,
- (b) an AIF,
- (c) a company which is a UK REIT, or
- (d) a company which is resident outside the United Kingdom and meets the property income condition.
- (2) A company meets the property income condition if—
- (a) it is not a close company or is a close company but only because it has a qualifying investor as a direct or indirect participator,
- (b) at least half of its income is property income from long-term investments,
- (c) it distributes all, or substantially all, of its property income from long-term investments and does so on an annual basis, and
- (d) it is not liable to tax on that income under the law of any territory in which it is resident.
- (3) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (2)(a).
- (4) For the purposes of sub-paragraph (2) “*property income from long-term investments*” means income deriving from direct or indirect investments in—
- (a) land, or
- (b) estates, interests or rights in or over land,
which are made on a long-term basis.
- (5) In this Schedule “*participant*” means—
- (a) in relation to a collective investment scheme or an AIF, a person who takes part in the arrangements or undertaking constituting the scheme or AIF, whether by becoming the owner of, or of any part of, the property that is the subject of or held by the arrangements or undertaking or otherwise, or
- (b) in relation to a company within (1)(c) or (d), a shareholder in the company.
- (6) In this Schedule “*unit*” means—
- (a) in the case of a collective investment scheme or an AIF, the rights or interests (however described) of the participant in the scheme or AIF, or
- (b) in the case of a company within (1)(c) or (d), a share in the company.
- (7) In this paragraph—
- “*AIF*” has the meaning given by regulation 3 of the Alternative Investment Fund Managers Regulations 2013, and
- “*UK REIT*” has the same meaning as in Part 12 of CTA 2010.
### Meaning of “offshore collective investment vehicle”
##### 2
- (1) In this Schedule “*offshore collective investment vehicle*” means—
- (a) a collective investment vehicle constituted as a body corporate resident outside the United Kingdom,
- (b) a collective investment vehicle under which property is held on trust for the participants where the trustees of the property are not resident in the United Kingdom, or
- (c) a collective investment vehicle constituted by other arrangements that create rights in the nature of co-ownership where the arrangements take effect as a result of the law of a territory outside the United Kingdom.
- (2) In this paragraph—
- “*body corporate*” does not include a limited liability partnership, and
- “co-ownership” is not restricted to the meaning of that term in the law of any part of the United Kingdom.
### Meaning of a collective investment vehicle being “UK property rich” etc
##### 3
- (1) For the purposes of this Schedule the question whether a collective investment vehicle is “UK property rich” at any time is determined by applying the rules in Part 2 of Schedule 1A on the following assumptions.
- (2) The assumptions are—
- (a) that (so far as this would not otherwise be the case) the vehicle were a company, and
- (b) that a disposal were made at that time of a right or interest in that company.
- (3) If that disposal would be regarded for the purposes of Schedule 1A as a disposal of an asset deriving at least 75% of its value from UK land, the vehicle is regarded for the purposes of this Schedule as being UK property rich at that time.
- (4) For the purposes of this Schedule the question whether a company is “UK property rich” at any time is determined by applying the rules in Part 2 of Schedule 1A on the assumption that a disposal were made at that time of a right or interest in the company.
- (5) If that disposal would be regarded for the purposes of Schedule 1A as a disposal of an asset deriving at least 75% of its value from UK land, the company is regarded for the purposes of this Schedule as being UK property rich at that time.
## PART 2 — Basic rules
### Application of Act to offshore CIV
##### 4
- (1) This paragraph applies to an offshore collective investment vehicle—
- (a) which is not a company, and
- (b) which is not constituted by two or more persons carrying on a trade or business in partnership.
- (2) It is to be assumed that, for relevant purposes—
- (a) the vehicle is a company, and
- (b) the rights of the participants are shares in that company.
- (3) The reference here to “*relevant purposes*” means—
- (a) the purposes of this Schedule, and
- (b) the purpose of applying section 1A(3)(b) or (c) or 2B(4) (and the other provisions of this or any other Act so far as relevant to their application) in relation to the vehicle.
- (4) This paragraph does not apply to a collective investment vehicle in relation to which an election has effect under Part 3 of this Schedule (election for transparency).
- (5) This paragraph applies in relation to a collective investment vehicle to which section 103D applies (tax transparent funds) but does not affect the operation of the rules set out in—
- (a) section 103D(4) to (9) (calculation of gains on disposal of units etc), or
- (b) section 103DA (share pooling etc).
- (6) If this paragraph applies in relation to a collective investment vehicle, section 99 (application of Act to unit trust schemes) does not apply in relation to the scheme.
### Units in a CoACS treated as shares in a company
##### 5
- (1) This paragraph applies to a unit in an authorised contractual scheme which is a co-ownership scheme where, as a result of the application of section 103D (application of Act to tax transparent funds), the unit is treated as an asset for the purposes of this Act.
- (2) The asset is treated for the purposes of Schedule 1A as if it were a share in a company.
### Disposals by non-UK residents
##### 6
- (1) This paragraph applies if—
- (a) a person disposes of an asset that derives at least 75% of its value from UK land (as determined in accordance with Part 2 of Schedule 1A), and
- (b) the disposal has an appropriate connection to a collective investment vehicle (see sub-paragraphs (3) to (6) for the cases in which this test is met).
- (2) For the purposes of section 1A(3)(c) or 2B(4)(b) (disposals by non-UK residents of assets deriving 75% of value from UK land etc), the person is treated as having a substantial indirect interest in the UK land at the time of the disposal.
- (3) A disposal has an appropriate connection to a collective investment vehicle if the asset disposed of consists of a right or interest in—
- (a) a collective investment vehicle, or
- (b) a company at least half of whose market value derives from its being a direct or indirect participant in one or more collective investment vehicles.
- (4) A disposal has an appropriate connection to a collective investment vehicle if—
- (a) the vehicle is constituted by two or more persons carrying on a trade or business in partnership, and
- (b) the disposal is made by a person as a participant in the vehicle.
- (5) A disposal has an appropriate connection to a collective investment vehicle if the vehicle is a company and the disposal is made by it.
- (6) A disposal has an appropriate connection to a collective investment vehicle if—
- (a) a company (which is not the vehicle) makes the disposal, and
- (b) the vehicle, and one or more other collective investment vehicles that are UK property rich, have a 50% investment in the company.
- (7) Collective investment vehicles have a 50% investment in a company if, applying the rule in paragraph 9 (but without regard to paragraph 10) of Schedule 1A as if references to 25% were references to 50%, the vehicles would be regarded as having a 50% investment in the company at the time of the disposal.
- (8) For this purpose the collective investment schemes are to be regarded as if they were a single person.
- (9) This paragraph is subject to paragraph 7 (collective investment vehicles expected to have no more than 40% investments in UK land).
##### 7
- (1) This paragraph applies to a disposal which would otherwise have an appropriate connection to a collective investment vehicle as a result of paragraph 6(3), (5) or (6).
- (2) A disposal does not have an appropriate connection to a collective investment vehicle if, at the time of the disposal, the vehicle mentioned in paragraph 6(3)(a) or (5) or (6), or each of the vehicles mentioned in paragraph 6(3)(b), meets—
- (a) the non-UK real estate condition, and
- (b) the genuine diversity of ownership condition or, if the vehicle is a company, the non-close condition.
- (3) If—
- (a) a disposal is made as mentioned in paragraph 6(6), and
- (b) the vehicle mentioned there is constituted by two or more persons carrying on a trade or business in partnership,
the condition in sub-paragraph (2)(b) is taken to be met if the company mentioned in paragraph 6(6) meets the non-close condition.
- (4) A vehicle meets the non-UK real estate condition at any time if, by reference to the prospectus for the vehicle as the prospectus has effect at that time, no more than 40% of the expected market value of the vehicle's investments is intended to derive from investments consisting of—
- (a) interests in UK land, or
- (b) rights or interests in companies which are UK property rich.
- (5) A vehicle meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment vehicle which is not an offshore fund were regarded as an offshore fund.
- (6) A company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator.
- (7) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (6).
## PART 3 — Election for transparency
### Election for collective investment vehicle to be treated as partnership
##### 8
- (1) This paragraph applies to an offshore collective investment vehicle—
- (a) which is UK property rich, and
- (b) which is transparent for income tax purposes otherwise than as a result of being constituted by two or more persons carrying on a trade or business in partnership.
- (2) The manager of the vehicle may make an election for the vehicle to be treated for the purposes of—
- (a) this Act, and
- (b) the Management Act, and any other provision of the Corporation Tax Acts, so far as relating to the taxation of chargeable gains,
as if, in relation to all times on and after its constitution, it were to be regarded as a partnership.
- (3) Accordingly, as a result of sub-paragraph (2)(b), it follows that, in applying rules such as section 1154 of CTA 2010 (meaning of “75% subsidiary” etc) for the purposes of Part 12 of that Act (Real Estate Investment Trusts) so far as relating to the taxation of chargeable gains, the vehicle is to be regarded as a partnership.
- (4) In the case of section 12AA of the Management Act as it applies as a result of sub-paragraph (2), a notice under subsection (2) or (3) of that section may be given to the manager of the vehicle.
- (5) The election has effect whether or not the vehicle would, but for the making of the election, be regarded as a person chargeable to capital gains tax or corporation tax on chargeable gains.
- (6) For the purposes of this paragraph whether or not an offshore collective investment vehicle is regarded as being UK property rich may be determined by reference to the prospectus for the vehicle on the assumption that investments are made by the vehicle in accordance with the prospectus.
- (7) For the purposes of this paragraph a collective investment vehicle is “transparent for income tax purposes” if, on the assumption that there are participants who are individuals resident in the United Kingdom, any sums which form part of the income of the vehicle—
- (a) would be chargeable to income tax on those assumed participants under a provision specified in section 830(2) of ITTOIA 2005 in respect of such of those sums as would be referable to their interests, or
- (b) if any of that income is derived from assets within the United Kingdom, would be so chargeable had the assets been outside the United Kingdom.
- (8) If an election is made under this paragraph in relation to a collective investment vehicle—
- (a) section 99 (application of Act to unit trust schemes) does not apply in relation to the vehicle, and
- (b) section 103D (tax transparent funds) does not apply in relation to the vehicle.
### Further provision about election
##### 9
- (1) An election under paragraph 8 in relation to an offshore collective investment vehicle—
- (a) has effect only if the participants in the vehicle at the time at which it is made have consented to the making of the election,
- (b) must be made by notice given to an officer of Revenue and Customs, and
- (c) must be made before the end of the period of 12 months beginning with the relevant acquisition date.
- (2) For this purpose “*the relevant acquisition date*” means the earliest date on which—
- (a) an interest in UK land, or
- (b) a right or interest in a company that is UK property rich,
forms part of the property that is the subject of or held by the vehicle.
- (3) An election under paragraph 8 is irrevocable.
### Units in CIVs held by life insurance companies
##### 10
- (1) This paragraph applies if an election under paragraph 8 has effect in relation to an offshore collective investment vehicle.
- (2) The election is treated as having no effect for the purposes of this Act in relation to any units in the vehicle which are held by an insurance company for the purposes of its long-term business.
### Relationship to re-basing rules under Schedule 4AA for non-UK residents
##### 11
- (1) This paragraph applies if—
- (a) an election under paragraph 8 has effect in relation to an offshore collective investment vehicle, and
- (b) as a result of the election, Part 3 or 4 of Schedule 4AA would (but for this paragraph) apply in relation to a disposal made by a participant in the vehicle.
- (2) The disposal is to be regarded for the purposes of Schedule 4AA as if it were one to which Part 2 of that Schedule applies.
## PART 4 — Exemption
### Exemption for qualifying offshore CIV that is UK property rich etc
##### 12
- (1) An election may be made for a collective investment vehicle, or a company which is not a collective investment vehicle, to be exempt from corporation tax on chargeable gains accruing to it on—
- (a) all direct disposals of UK land, and
- (b) all indirect disposals of UK land.
- (2) An election may be made in respect of a collective investment vehicle if each of the following entitlement conditions is met—
- (a) the vehicle is offshore,
- (b) the vehicle is a company (whether as a result of paragraph 4 or otherwise),
- (c) the vehicle is UK property rich,
- (d) the vehicle meets all of the qualifying conditions set out in paragraph 13, and
- (e) if the vehicle is an AIF, it would also meet the definition of a collective investment vehicle for another reason.
- (3) An election may be made in respect of a company which is not a collective investment vehicle if each of the following entitlement conditions is met—
- (a) the company is wholly (or almost wholly) owned by a collective investment scheme which is constituted by two or more persons carrying on a trade or business in partnership or is constituted by a CoACS,
- (b) the appropriate entity is UK property rich, and
- (c) the company meets all of the qualifying conditions set out in paragraph 13,
and it does not matter where the company is resident.
- (4) In sub-paragraph (3)(b) the “*appropriate entity*” means—
- (a) in a case where the collective investment scheme is constituted by two or more persons carrying on a trade or business in partnership, the company, and
- (b) in a case where the collective investment scheme is constituted by a CoACS, the CoACS.
- (5) If an election is made under this paragraph in respect of a collective investment vehicle—
- (a) the vehicle is referred to in this Part of this Schedule as “*a qualifying fund*”, and
- (b) any reference in this Part of this Schedule to a qualifying fund, in relation to any time after the election is made (including any time after the election ceases to have effect), is to be read as a reference to the arrangements, undertaking or company which met the definition of collective investment vehicle when the election was made.
- (6) If an election is made under this paragraph in respect of a company which is not a collective investment vehicle—
- (a) the company is referred to in this Part of this Schedule as “*a qualifying company*”, and
- (b) any reference in this Part of this Schedule to a qualifying company, in relation to any time after the election is made (including any time after the election ceases to have effect), is to be read as a reference to the company.
- (7) Section 103D (application of Act to tax transparent funds) does not apply for the purpose of determining whether sub-paragraph (3)(a) applies.
- (8) In this paragraph—
- “*AIF*” has the meaning given by regulation 3 of the Alternative Investment Fund Managers Regulations 2013, and
- “*CoACS*” means an authorised contractual scheme which is a co-ownership scheme.
### Qualifying conditions and information provided to HMRC
##### 13
- (1) For the purposes of paragraph 12(2), a collective investment vehicle meets the qualifying conditions in this paragraph at any time if, at that time—
- (a) it is a collective investment scheme and it meets the genuine diversity of ownership condition,
- (b) it is a company (otherwise than as a result of paragraph 4) and it meets the recognised stock exchange condition and the non-close condition, or
- (c) it is a collective investment vehicle (of any kind) and it meets the UK tax condition and the non-close condition.
- (2) For the purposes of paragraph 12(3), a company which is not a collective investment vehicle meets the qualifying conditions in this paragraph at any time if, at that time, either—
- (a) the company meets the UK tax condition and the non-close condition, or
- (b) the collective investment scheme which wholly (or almost wholly) owns the company meets the genuine diversity of ownership condition.
- (3) For the purposes of this paragraph a collective investment scheme meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment scheme which is not an offshore fund were regarded as an offshore fund.
- (4) For the purposes of this paragraph a company meets the recognised stock exchange condition at any time if, at that time—
- (a) it has ordinary share capital, and
- (b) the shares forming part of its ordinary share capital are regularly traded on a recognised stock exchange.
- (5) For the purposes of this paragraph a company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator.
- (6) Paragraph 46 (meaning of “close company”, “qualifying investor” and “direct or indirect participator”) applies for the purposes of sub-paragraph (5).
- (7) For the purposes of this paragraph a company meets the UK tax condition at any time if, on the assumption that all of the shares in it were disposed of for their market value at that time, the person making the election reasonably considers at that time that, as a result solely of double taxation arrangements, no more than 25% of the total proceeds would fall to be left out of account for the purposes of this Act.
##### 14
- (1) An election under paragraph 12 has effect only if it is accompanied by information of such description as may be specified by an officer of Revenue and Customs about disposals made by participants in the relevant fund at any time in—
- (a) the period of two years ending with the day before the day on which the election is made, or
- (b) if shorter, the period beginning with the constitution of the relevant fund and ending with the day before the day on which the election is made.
- (2) Information is not required by sub-paragraph (1) to accompany the election so far as—
- (a) it has already been provided to an officer of Revenue and Customs in a form and manner, and at times, specified by an officer of Revenue and Customs, and
- (b) the election sets out those occasions on which the information has been so provided.
##### 15
- (1) An election under paragraph 12 has effect subject to such conditions as to the provision of information or documents to an officer of Revenue and Customs as may be specified by an officer of Revenue and Customs.
- (2) The information or documents must be provided to an officer of Revenue and Customs in respect of every period of account of the relevant fund which ends at a time when the election has effect.
- (3) The information or documents must be provided to an officer of Revenue and Customs within the period of 12 months from the end of the period of account.
- (4) The conditions as to the provision of information or documents may include—
- (a) conditions relating to the participants in the relevant fund, and
- (b) conditions requiring information or documents in respect of the operation of any provision of this Schedule (or any provision of this Act relevant to this Schedule).
- (5) In the case of an election under paragraph 12—
- (a) a designated HMRC officer may revoke the election if, in the officer's opinion, there has been, without reasonable excuse, a breach of any provision made by or under this paragraph, but
- (b) an officer of Revenue and Customs (whether or not designated) may waive a breach of any provision made by or under this paragraph if, in the officer's opinion, there is no reasonable excuse for the breach but, having regard to all the circumstances, the breach is nonetheless insignificant.
- (6) The circumstances to which the officer may have regard in determining whether a breach is insignificant include the number and seriousness of previous breaches.
- (7) In this paragraph “*period of account*”, in relation to the relevant fund, means any period for which accounts of the relevant fund are drawn up.
- (8) If the period of account would otherwise be longer than 12 months, the period of account is to be treated for the purposes of this paragraph as split into more than one period of account, and—
- (a) the first deemed period of account is to be 12 months long, and
- (b) any subsequent deemed period of account is to start when the previous deemed period of account ends and is to end 12 months later or, if earlier, when the actual period of account ends.
### Exemption for direct or indirect disposals of UK land by persons in which fund invests
##### 16
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q is UK property rich by reference (wholly or partly) to particular interests in UK land (“the relevant UK property”), and
- (c) a person other than Q makes a disposal at a time when the election has effect.
- (2) If—
- (a) the disposal is a direct disposal of any of the relevant UK property by a person, and
- (b) immediately before the disposal, Q has a 40% investment in the person,
the appropriate proportion of any gain accruing to the person on the disposal is not a chargeable gain.
- (3) If the disposal is an indirect disposal of UK land in a case where—
- (a) the interests in UK land in question consist of or include any of the relevant UK property, and
- (b) immediately before the disposal, Q has a 40% investment in the company in question,
the appropriate proportion of any gain accruing to the person on the disposal is not a chargeable gain.
- (4) For the purposes of this paragraph the “*appropriate proportion*” means the proportion that so much of the consideration for the disposal as forms part (directly or indirectly) of the assets of Q bears to the total consideration for the disposal.
- (5) For the purposes of this paragraph a person has a 40% investment in a company if, applying the rule in paragraph 9 (but without regard to paragraph 10) of Schedule 1A as if references to 25% were references to 40%, the person would be regarded as having a 40% investment in the company immediately before the disposal.
- (6) In this paragraph—
- “*the interests in UK land in question*” means the interests in UK land taken into account in determining whether the disposal is an indirect disposal of UK land, and
- “*the company in question*”, in relation to a disposal of a right or interest in a company by the person, means that company.
- (7) If an officer of Revenue and Customs considers that the operation of this paragraph would otherwise result in the total proportion of a gain that is not a chargeable gain exceeding the whole of the gain, the officer may make such adjustments to the appropriate proportion of a gain accruing to any person as the officer considers just and reasonable to prevent that result.
### Making of election and period for which it has effect
##### 17
- (1) An election under paragraph 12—
- (a) must be made by the relevant fund manager, and
- (b) must be made by notice given to an officer of Revenue and Customs.
- (2) An election under paragraph 12 must specify the day from which it is to have effect.
- (3) The election has effect in relation to disposals on or after the day specified in the election.
- (4) A day may be specified in the election even if it falls before the day on which the election is made.
- (5) But a day that falls more than 12 months before the day on which the election is made may be specified only if an officer of Revenue and Customs consents.
- (6) For this purpose—
- (a) consent may be given generally (for example, by describing, in a notice published by an officer of Revenue and Customs, cases in which consent is deemed to be given), or
- (b) consent may be given in relation to particular cases.
### Revocation of election
##### 18
- (1) In addition to the case set out in paragraph 15(5)(a), a designated HMRC officer may revoke an election under paragraph 12 if, in order to safeguard the public revenue, the officer considers it is appropriate to revoke the election.
- (2) In the case of an election under paragraph 12 which is revoked by a designated HMRC officer (whether under this paragraph or paragraph 15), the revocation must be made by notice given by a designated HMRC officer to the relevant fund manager.
- (3) The relevant fund manager may revoke an election under paragraph 12 by giving notice of the revocation to an officer of Revenue and Customs.
- (4) A notice of revocation of an election under paragraph 12 must specify the day from which the election is to cease to have effect.
- (5) The election ceases to have effect in relation to disposals made on or after the day specified in the notice of revocation.
- (6) The relevant fund manager may specify a day in a notice of revocation even if the day falls before the day on which the notice is given but only if an officer of Revenue and Customs consent.
- (7) For this purpose—
- (a) consent may be given generally (for example, by describing, in a notice published by an officer of Revenue and Customs, cases in which consent is deemed to be given), or
- (b) consent may be given in relation to particular cases.
##### 19
- (1) A notice of revocation given by a designated HMRC officer under paragraph 15 or 18 must state the grounds for revoking the election under paragraph 12.
- (2) The relevant fund manager may bring an appeal against the revocation of the election.
- (3) The appeal must be made by notice given to the designated HMRC officer during the period of 30 days beginning with the day on which the notice of revocation is given.
- (4) In the case of an appeal which is notified to the tribunal (see Part 5 of the Management Act), the tribunal must not allow the appeal unless it considers that a designated HMRC officer could not reasonably have been satisfied that there were grounds for revoking the election.
### Qualifying fund or company ceasing to meet applicable exemption conditions
##### 20
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made at any time in respect of a qualifying fund or qualifying company, and
- (b) at any subsequent time, the qualifying fund or qualifying company ceases to meet the applicable exemption conditions.
- (2) The election ceases to have effect from that subsequent time in relation to disposals made at or after that time.
- (3) This paragraph needs to be read with—
- (a) paragraph 27 (temporary period of no more than 30 days during which certain of applicable exemption conditions not met),
- (b) paragraph 28 (temporary period of no more than 9 months during which applicable exemption conditions not met), and
- (c) paragraph 30 (steps taken by relevant fund manager to wind up relevant fund).
### Deemed disposal: payments not otherwise taxable where value derived from direct or indirect disposals of UK land
##### 21
- (1) This paragraph applies if—
- (a) an election under paragraph 12 that has been made in respect of a qualifying fund or qualifying company has effect at any time,
- (b) a participant in the relevant fund is entitled to receive an amount at that time (“*the relevant time*”) which represents, in substance, value derived (directly or indirectly) from a direct disposal of UK land or from the UK land component of an indirect disposal of UK land, and
- (c) the amount is regarded as being of a revenue nature and does not fall to be taken into account for the purposes of income tax or corporation tax on income.
- (2) In the case of an election made in respect of a qualifying fund, the participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its units in the relevant fund immediately before the relevant time at their market value immediately before that time, and
- (b) to have reacquired those units immediately after the relevant time at their market value immediately after that time.
- (3) In the case of an election made in respect of a qualifying company, the participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its rights and interests in the company immediately before the relevant time at their market value immediately before that time, and
- (b) to have reacquired those rights and interests immediately after the relevant time at their market value immediately after that time.
- (4) In this paragraph “the UK land component” of an indirect disposal of UK land means the interests in UK land taken into account in determining whether the disposal is an indirect disposal of UK land.
### Deemed disposal if election ceases to have effect
##### 22
- (1) This paragraph applies if at any time an election which has been made under paragraph 12 in respect of a qualifying fund or qualifying company ceases to have effect.
- (2) In the case of an election made in respect of a qualifying fund, each participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its units in the relevant fund immediately before that time, and
- (b) to have immediately reacquired those rights and interests,
at their market value immediately before that time.
- (3) In the case of an election made in respect of a qualifying company, each participant in the relevant fund is deemed for the purposes of this Act—
- (a) to have sold its rights and interests in the company immediately before that time, and
- (b) to have immediately reacquired those rights and interests,
at their market value immediately before that time.
### Gains accruing on disposals under paragraph 21 or 22
##### 23
- (1) This paragraph applies if a disposal of an asset is deemed to have been made by a person at any time under—
- (a) paragraph 21, or
- (b) paragraph 22 but only as a result of paragraph 20 (qualifying fund or qualifying company ceasing to meet the applicable exemption conditions).
- (2) Any gain (“the deemed gain”) accruing to the person on the disposal is treated as accruing to the person in accordance with the rules set out in the remainder of this paragraph.
- (3) If, at the time of the deemed disposal or a subsequent time—
- (a) the person actually disposes of a unit in the relevant fund, or
- (b) the person receives an amount of a kind mentioned in paragraph 21(1),
the appropriate portion of the deemed gain is treated as accruing to the person at the time of the actual disposal or the time of the receipt.
- (4) For this purpose “*the appropriate portion*” means the proportion which—
- (a) the consideration for the actual disposal, or
- (b) the amount of the receipt,
bears to the amount of the deemed gain.
- (5) If some of the deemed gain has accrued on one or more previous occasions, the appropriate portion is restricted so that, when added to the appropriate portion or portions on the previous occasion or occasions, it does not exceed 100%.
- (6) In determining the appropriate proportion, so much (if any) of the consideration for the actual disposal or the amount of the receipt as exceeds the amount of the deemed gain is to be ignored.
- (7) In the case of a disposal under paragraph 21, the remainder of the deemed gain is treated as accruing to the person (unless the whole amount has already accrued) when the relevant fund is wound up.
- (8) In the case of a disposal under paragraph 22, the remainder of the deemed gain is treated as accruing to the person (unless the whole amount has already accrued) at—
- (a) the end of the period of three years beginning with the time of the deemed disposal, or
- (b) if earlier, when the relevant fund is wound up.
### Relief for expenses in the case of deemed disposals under paragraph 21 or 22
##### 24
- (1) This paragraph applies if a disposal is deemed to have been made by a person as a result of paragraph 21 or 22.
- (2) The person is treated for the purposes of section 38(1)(c) as having incurred incidental costs of making the deemed disposal equal to the notional costs.
- (3) The reference here to the notional costs is to the incidental costs —
- (a) which the person would reasonably have expected to have incurred if the deemed sale under paragraph 21 or 22 had been an actual sale, and
- (b) which would have been allowable under section 38(1)(c) if there had been an actual sale.
### Notification to participants in relation to deemed disposals under paragraph 21 or 22
##### 25
- (1) This paragraph applies if—
- (a) a disposal is deemed to have been made by a person under paragraph 21,
- (b) a disposal is deemed to have been made by a person under paragraph 22 as a result of the revocation of an election, or
- (c) an amount is treated as accruing to a person under paragraph 23(7) or (8).
- (2) The relevant fund manager must notify the person of the matters mentioned in sub-paragraph (1)(a), (b) or (c).
- (3) The notification—
- (a) must be in writing, and
- (b) must be given within the period of 30 days beginning with the relevant time.
- (4) If this paragraph applies as result of sub-paragraph (1)(a) or (b), “*the relevant time*” means the time at which the deemed disposal is made.
- (5) If this paragraph applies as result of sub-paragraph (1)(c), “the relevant time” is the time at which the amount is treated as accruing.
##### 26
- (1) A person who fails to comply with paragraph 25 is liable to a penalty not exceeding £3,000.
- (2) If—
- (a) there is a failure to comply with that paragraph, and
- (b) there are two or more persons who are the relevant fund managers each of whom is subject to the duty to notify under that paragraph,
the total amount of the penalties to which those managers (taken together) are liable is not to exceed £3,000.
- (3) If a person becomes liable to a penalty under this paragraph, an officer of Revenue and Customs must—
- (a) assess the penalty, and
- (b) notify the person.
- (4) The assessment must be made within the period of 12 months beginning with the day on which an officer of Revenue and Customs first becomes aware that the person has failed to comply with paragraph 25.
- (5) A person may, by notice, appeal against a decision of an officer of Revenue and Customs that a penalty is payable under this paragraph.
- (6) Notice of appeal under this paragraph must specify the grounds of appeal.
- (7) Notice of appeal under this paragraph must be given—
- (a) within 30 days after the penalty was notified to the person,
- (b) to the officer of Revenue and Customs who notified the person.
- (8) A penalty under this paragraph must be paid before the end of the period of 30 days beginning with—
- (a) the day on which the person was notified of the penalty, or
- (b) if notice of appeal against the penalty is given, the day on which the appeal is finally determined or withdrawn.
### Temporary period during which applicable exemption conditions not met
##### 27
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q ceases at any time (“*the relevant time*”) to meet the applicable exemption conditions otherwise than as a result of the vehicle or appropriate entity ceasing to be UK property rich (see paragraph 12(2)(c) or (3)(b)),
- (c) the election would (but for this paragraph) have, accordingly, ceased to have had effect under paragraph 20 from the relevant time,
- (d) the relevant fund manager expects Q to meet the applicable exemption conditions within 30 days, and
- (e) Q does meets those conditions within 30 days.
- (2) The failure by Q to meet the applicable exemption conditions is to be ignored for the purposes of this Part of this Schedule.
- (3) In this paragraph any reference to Q meeting the applicable exemption conditions within 30 days is to Q meeting those conditions before the end of the period of 30 days beginning with the day on which the relevant time falls.
- (4) This paragraph does not apply on more than four occasions in any period of 12 months.
##### 28
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company,
- (b) but for this paragraph, the election would, as a result of paragraph 20, have ceased to have effect from a particular time for all purposes of this Part of this Schedule (“*the relevant time*”),
- (c) the relevant fund manager expects the failure to meet the applicable exemption conditions to last for a temporary period, and
- (d) at the end of the temporary period, the qualifying fund or qualifying company does meet those conditions.
- (2) It is to be assumed that, for the purposes of any provision of this Part of this Schedule other than paragraph 22, the qualifying fund or qualifying company continues to meet the applicable exemption conditions during the temporary period.
- (3) Accordingly—
- (a) a deemed disposal occurs under paragraph 22 by reference to the failure to meet the applicable exemption conditions, but
- (b) subject to that, the election continues to have effect during the temporary period.
- (4) A period is not to be regarded as a temporary period for the purposes of this paragraph if it is longer than a period of 9 months beginning with the relevant time.
- (5) This paragraph does not apply if paragraph 27 applies.
##### 29
- (1) This paragraph applies if paragraph 28 has applied in relation to a qualifying fund or qualifying company on one or more occasions.
- (2) Paragraph 23(8) has effect as if, for the words from “at—” to the end, there were substituted “ when the relevant fund is wound up. ”
### Steps taken by relevant fund manager to wind up relevant fund
##### 30
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company,
- (b) but for this paragraph, the election would, as a result of paragraph 20, have ceased to have effect from a particular time (“*the relevant time*”) for all purposes of this Part of this Schedule, and
- (c) the relevant time occurs at a time when the relevant fund manager is taking steps with a view to the disposal of all of the assets of the relevant fund so that it can be wound up.
- (2) It is to be assumed that, for the purposes of any provision of this Part of this Schedule other than paragraph 22, the qualifying fund or qualifying company continues to meet the applicable exemption conditions until the relevant fund is wound up.
- (3) Accordingly—
- (a) a deemed disposal occurs under paragraph 22 by reference to the failure to meet the applicable exemption conditions, but
- (b) subject to that, the election continues to have effect until the relevant fund is wound up.
### Deemed disposals of UK land by companies previously owned by fund
##### 31
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) Q, or a company covered by the election, disposes of all of its rights and interests in another company (“C”) which is UK property rich, and
- (c) C is covered by the election.
- (2) C is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, the appropriate proportion of every qualifying asset the actual disposal of which by C would be a direct or indirect disposal of UK land, and
- (b) to have reacquired the appropriate proportion of the asset immediately after the relevant time,
at its market value at the relevant time.
- (3) In the case of a disposal, a company is “*covered by the election*” for the purposes of this paragraph if the disposal is one to which paragraph 16 applies where the election concerned is the one referred to in this paragraph.
- (4) For the purposes of this paragraph “the appropriate proportion” of an asset is equal to whatever would be, for the purposes of paragraph 16, the appropriate portion of any gain if it is assumed—
- (a) that C had sold the asset at the relevant time, and
- (b) that the total consideration for that sale was such that it results in a gain of £100 accruing to C.
- (5) For the purposes of this paragraph, an asset is a “qualifying asset” if, throughout the period of one year ending with the day on which the disposal of the asset is made, the asset has been held by C or any other company covered by the election or by Q.
- (6) In this paragraph “*the relevant time*” means the time immediately before the disposal of all the rights and interests in C.
### Deemed disposals of UK land by company or fund ceasing to be qualifying etc
##### 32
- (1) This paragraph applies if—
- (a) an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company (“Q”),
- (b) the election has had effect for a continuous period of at least five years, and
- (c) either the election ceases to have effect (otherwise than in disqualifying circumstances) or the relevant fund manager starts to take steps with a view to the disposal of all of the assets of the relevant fund so that it can be wound up.
- (2) Q is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, every asset the actual disposal of which by Q would be a direct or indirect disposal of UK land, and
- (b) to have reacquired the asset immediately after the relevant time,
at its market value at the relevant time.
- (3) In the case of any asset covered by the election for 12 months and held by a company at the relevant time, the company is deemed for the purposes of this Act—
- (a) to have sold, at the relevant time, the appropriate proportion of the asset, and
- (b) to have reacquired the appropriate proportion of the asset immediately after the relevant time,
at its market value at the relevant time.
- (4) For the purposes of sub-paragraph (3) an asset held by a company at the relevant time has been “covered by the election for 12 months” if, assuming the asset were disposed of at the relevant time, the disposal would have been one to which paragraph 16 applied by reference to the election.
- (5) For the purposes of sub-paragraph (3) “the appropriate proportion” of an asset is equal to whatever would be, for the purposes of paragraph 16, the appropriate portion of any gain if it is assumed—
- (a) that the company had sold the asset at the relevant time, and
- (b) that the total consideration for that sale was such that it results in a gain of £100 accruing to it.
- (6) For the purposes of this paragraph the election ceases to have effect in “disqualifying circumstances” if—
- (a) it ceases to have effect as a result of a notice of revocation under paragraph 15(5)(a) in a case where a designated officer of Revenue and Customs is of the opinion that there have been at least three serious breaches of provision made by or under paragraph 15 during the period for which the election has had effect, or
- (b) it ceases to have effect as a result of a notice of revocation under paragraph 18(1).
- (7) In this paragraph “*the relevant time*” means the time immediately before—
- (a) the election ceases to have effect, or
- (b) the relevant fund manager starts to take steps with a view to the disposal of all or the assets of the relevant fund so that it can be wound up.
- (8) For the purposes of this paragraph an election made under paragraph 12 in respect of Q is taken to be the same election as one made at a subsequent time in respect of another qualifying fund or qualifying company (“A”) if, at the subsequent time, Q is wholly owned by A.
### Exemption for disposals by companies wholly owned by certain investors
##### 33
- (1) This paragraph applies if an election under paragraph 12 has been made in respect of a qualifying fund or qualifying company.
- (2) If—
- (a) a participant in the relevant fund disposes of a unit in the relevant fund,
- (b) the participant is a company which is wholly owned by one or more investors to which this paragraph applies, and
- (c) the participant is not a collective investment vehicle,
any gain accruing on the disposal is not a chargeable gain.
- (3) Nothing in paragraph 21 is to result in a deemed disposal of an asset held by any investor to which this paragraph applies other than an insurance company.
- (4) Each of the following is an investor to which this paragraph applies—
- (a) any person who is a qualifying institutional investor within the meaning of Schedule 7AC (substantial shareholding exemption),
- (b) a company carrying on life assurance business where, immediately before the disposal, its right or interest in the participant is an asset which, applying the rules in section 138 of the Finance Act 2012, is wholly matched to a liability of its life assurance business that is not BLAGAB,
- (c) a company carrying on long-term business none of which is BLAGAB where, immediately before the disposal, its right or interest in the participant is an asset held for the purposes of its long-term business, and
- (d) a qualifying fund or qualifying company in respect of which an election under paragraph 12 has effect.
- (5) In this paragraph “*BLAGAB*” means basic life assurance and general annuity business.
### Disapplication of paragraph 3A of Schedule 7AC: qualifying institutional investors
##### 34
- (1) This paragraph applies if—
- (a) a gain or loss accrues to a company (“the investing company”) which has ordinary share capital owned by one or more qualifying institutional investors,
- (b) some of the gain or loss is not chargeable or allowable as a result of paragraph 16(3), and
- (c) some or all of the ownership of the qualifying institutional investors in the investing company is through the company which is Q for the purposes of paragraph 16(3).
- (2) The ownership of the qualifying institutional investors in the investing company is to be ignored for the purpose of applying the exemption conferred by paragraph 3A of Schedule 7AC so far as the ownership is through Q.
- (3) In this paragraph “*qualifying institutional investors*” has the same meaning as in Schedule 7AC.
- (4) Paragraph 3B of Schedule 7AC (meaning of “ownership”) applies for the purposes of this paragraph as it applies for the purposes of paragraph 3A of that Schedule.
### Relationship between rules in this Part and REIT rules in Part 12 of CTA 2010
##### 35
- (1) Nothing in this Part of this Schedule is to exempt so much of any qualifying REIT gain as accrues on a disposal made by a company which is, or is a member of, a UK REIT.
- (2) A chargeable gain is a “qualifying REIT gain” so far as—
- (a) the gain is not a chargeable gain as a result of section 535 or 535A of CTA 2010, and
- (b) the gain is not one falling to be exempted as a result of the application of either of those sections following a notice given under section 586(1) or 587(1) of that Act (venturing group).
- (3) In this paragraph “*UK REIT*” has the same meaning as in Part 12 of CTA 2010.
##### 36
- (1) This paragraph applies if—
- (a) a gain accrues on a disposal made by a company (“the JV company”) which is a member of a group UK REIT,
- (b) the gain is one falling to be exempted as a result of the application of section 535 or 535A of CTA 2010 following a notice given under section 586(1) or 587(1) of that Act (venturing group),
- (c) the principal company of the group UK REIT that gave the notice is covered by an election made under paragraph 12 in respect of a qualifying fund, and
- (d) the JV company is also covered by the election.
- (2) The amount of the gain accruing to the JV company which is not a chargeable gain as a result of the operation, by reference to the election, of the rules in this Part of this Schedule—
- (a) is found by first taking the two steps mentioned below (which require the application of each of the exemption rules without regard to the other), and
- (b) once those two steps are taken, is so much of the amount found by the first step as exceeds the amount found by the second step.
- (3) The first step is, ignoring the effect of Part 12 of CTA 2010, to apply the rules in this Part of this Schedule that operate by reference to the election to identify the amount of the gain which (but for this paragraph) would not be chargeable.
- (4) The second step is, ignoring the effect of this Part of this Schedule, to apply the rules in Part 12 of CTA 2010 that operate in relation to the group UK REIT to identify the amount of the gain accruing to the JV company which falls to be exempted as mentioned in sub-paragraph (1)(b).
- (5) In the case of a disposal, a company is “*covered by an election made under paragraph 12*” for the purposes of this paragraph if the disposal is one to which paragraph 16 applies where the election concerned is the one referred to in this paragraph.
- (6) In this paragraph “*group UK REIT*” has the same meaning as in Part 12 of CTA 2010.
### Separate application of exemptions under this Schedule and elsewhere
##### 37
- (1) If—
- (a) a person disposes of a right or interest in a company on which a gain or loss accrues, and
- (b) proportions of the gain or loss are not chargeable or allowable as a result of the operation of any relevant exemption provision,
each relevant exemption provision is to work separately (without regard to the other) in relation to each proportion of the gain or loss to which the relevant exemption provision applies.
- (2) Accordingly—
- (a) each relevant exemption provision is to operate by reference to the whole of the gain or loss (ignoring the effect of the other relevant exemption provision), and
- (b) the total proportion of the gain or loss which is not chargeable or allowable is the total of the proportions separately found (but not so as to exceed the whole amount of the gain or loss).
- (3) Each of the following is a “*relevant exemption provision*” for the purposes of this paragraph—
- (a) any provision made by this Part of this Schedule,
- (b) any provision made by paragraph 3A of Schedule 7AC, and
- (c) any provision made by Part 12 of CTA 2010.
- (4) This paragraph is subject to paragraphs 34 to 36.
### Meaning of meeting “the applicable exemption conditions”
##### 38
- (1) For the purposes of Part of this Schedule a qualifying fund “meets the applicable exemption conditions” at any time if, at that time—
- (a) it is a collective investment vehicle, and
- (b) it meets the entitlement conditions set out in paragraph 12(2).
- (2) For the purposes of Part of this Schedule a qualifying company “meets the applicable exemption conditions” at any time if, at that time, it meets the entitlement conditions set out in paragraph 12(3).
### Meaning of “the relevant fund” and “the relevant fund manager”
##### 39
- (1) In this Part of this Schedule “the relevant fund”—
- (a) in the case of an election in respect of a qualifying fund under paragraph 12, means the collective investment vehicle concerned, and
- (b) in the case of an election in respect of a qualifying company under paragraph 12, means the collective investment scheme which wholly (or almost wholly) owns that company.
- (2) In this Part of this Schedule “the relevant fund manager”, in the case of an election in respect of a qualifying fund or qualifying company under paragraph 12, means the manager of the relevant fund.
### Meaning of “wholly owned” or “wholly (or almost wholly) owned”
##### 40
- (1) For the purposes of this Part of this Schedule a collective investment scheme, or a person or persons together, wholly owns or own a company at any time if the scheme, or person or persons together, has or have a 100% investment in the company at that time.
- (2) Whether a scheme, or person or persons together, have a 100% investment in a company at any time is determined—
- (a) by applying a modified version of the rule in paragraph 9 of Schedule 1A, and,
- (b) in the case of a collective investment scheme, on the assumption that it is a person.
- (3) The reference here to a modified version of the rule in paragraph 9 of Schedule 1A is to the rule in that paragraph as it has effect without regard to paragraph 10 and as if in sub-paragraph (1) of paragraph 9 the following modifications were made—
- (a) for the opening words substitute “A person or persons together ( “ P ”) has or have a 100% investment in a company ( “C”) if all of the following conditions are met—”,
- (b) omit paragraph (a),
- (c) in each of paragraphs (b), (c) and (d), for “25% or more” substitute “ 100% ”, and
- (d) for the “or” at the end of paragraph (c) substitute “ and ”.
##### 41
- (1) For the purposes of this Part of this Schedule a collective investment scheme or person wholly (or almost wholly) owns a company at any time if—
- (a) the scheme or person wholly owns the company at that time, or
- (b) the scheme or person has a 99% investment in the company at that time.
- (2) Whether a scheme or person has a 99% investment in a company at any time is determined—
- (a) by applying a modified version of the rule in paragraph 9 of Schedule 1A, and,
- (b) in the case of a collective investment scheme, on the assumption that it is a person.
- (3) The reference here to a modified version of the rule in paragraph 9 of Schedule 1A is to the rule in that paragraph as it has effect without regard to paragraph 10 and as if in sub-paragraph (1) of paragraph 9 the following modifications were made—
- (a) omit paragraph (a),
- (b) for “25%”, in each place, substitute “ 99% ”, and
- (c) for the “or” at the end of paragraph (c) substitute “ and ”.
### Meaning of “designated HMRC officer”
##### 42
In this Part of this Schedule “*designated HMRC officer*” means an officer of Revenue and Customs who has been designated by the Commissioners for Her Majesty's Revenue and Customs for the purpose of revoking elections under paragraph 12.
## PART 5 — Reporting and payment
### Reporting by collective investment vehicles
##### 43
- (1) The Treasury may by regulations make provision for managers of collective investment vehicles to elect to provide information to an officer of Revenue and Customs in respect of any participant in the vehicle who holds units the disposal of which would constitute an indirect disposal of UK land.
- (2) The regulations may specify circumstances in which the provision of information or documents in accordance with the regulations is taken to satisfy obligations of the participant (or anyone else) to provide information or documents to an officer of Revenue and Customs.
- (3) The regulations may be framed so as to apply to obligations of a description specified in the regulations.
### Withholding of amounts on account of capital gains tax
##### 44
- (1) The Treasury may by regulations make provision for managers of collective investment vehicles to elect to meet the liability to capital gains tax or corporation tax in respect of indirect disposals of UK land made by any participant in the vehicle.
- (2) The regulations may make provision for a simplified calculation of the tax liability of the participant in respect of those disposals.
- (3) The regulations may make provision authorising the manager of a collective investment vehicle (or anyone else of a description specified in the regulations) to deduct an amount on account of capital gains tax from amounts that would otherwise be receivable by the participant.
- (4) The regulations—
- (a) may provide for the times at which amounts deducted on account of capital gains tax are to be paid to Her Majesty's Revenue and Customs, and
- (b) may set out the extent to which those payments meet the liability of the participant to capital gains tax or corporation tax in respect of any indirect disposal of UK land.
### General
##### 45
- (1) Regulations under this Part of this Schedule—
- (a) may make different provision for different purposes, and
- (b) may make supplementary, incidental, consequential or transitional or saving provision.
- (2) Regulations under this Part of this Schedule may make provision having effect in relation to times before the regulations are made.
## PART 6 — General
### Meaning of “close company”, “qualifying investor” and “direct or indirect participator”
##### 46
- (1) This paragraph has effect for the purposes of the provisions of this Schedule which apply this paragraph (or to which this paragraph is applied).
- (2) Whether a company is “a close company” is determined in accordance with the rules in Chapter 2 of Part 10 of CTA 2010 but subject to the following modifications—
- (a) section 442(a) (non-UK resident companies) is to be treated as omitted,
- (b) section 444 (companies involved with non-close companies) is to be treated as omitted,
- (c) section 447(1)(a) (shares in quoted companies beneficially held by non-close companies) is to be treated as omitted, and
- (d) for the purposes of any attribution under section 451(4) (rights of a person's associates to be attributed to the person etc in determining “control”) the rights and powers of a person (“A”) are not to be attributed to another person (“P”) merely because A is a partner of P.
- (3) A “*qualifying investor*” means—
- (a) a person who is within any of section 528(4A)(a), (b), (c), (i) or (j) of CTA 2010 where, if the collective investment vehicle mentioned in the provision concerned is a company, it meets the non-close condition or, if not, the vehicle meets the genuine diversity of ownership condition,
- (b) a person who is within any other provision of section 528(4A) of that Act, or
- (c) a qualifying fund or qualifying company in respect of which an election under paragraph 12 has effect.
- (4) For the purposes of sub-paragraph (3)(a) a collective investment vehicle meets the genuine diversity of ownership condition at any time if, at that time—
- (a) it meets conditions A to C of regulation 75 of the Offshore Funds (Tax) Regulations 2009, or
- (b) it meets the condition in regulation 75(5) of those Regulations,
and those Regulations apply for the purposes of this sub-paragraph as if any collective investment vehicle which is not an offshore fund were regarded as an offshore fund.
- (5) For the purposes of sub-paragraph (3)(a) a company meets the non-close condition at any time if, at that time, it—
- (a) is not a close company, or
- (b) is a close company but only because it has a qualifying investor as a direct or indirect participator,
applying the provisions of this paragraph for the purposes of this sub-paragraph.
- (6) A person is a “direct participator” if the person is a participator for the purposes of Part 10 of CTA 2010 (see section 454).
- (7) A person is an “indirect” participator in a company if the person has a share or interest in the capital or income of the company through another body corporate or other bodies corporate.
- (8) The reference here to having a share or interest in the capital or income of a company through a body corporate is to be read as follows.
- (9) Suppose that 3 or more bodies corporate are ordered in a series such that each body in the series (other than the last) has a share or interest in the capital or income of the body immediately below it in the series.
- (10) If B is a body that is below, but not immediately below, A in the series, A is said to own a share or interest in the capital or income of B through each body corporate that is between A and B in the series.
- (11) A person is regarded for the purposes of sub-paragraphs (7) to (10) as having a share or interest in the capital or income of a company if the person would be a participator in the company as a result of section 454(2) of CTA 2010.
### Other definitions
##### 47
- (1) In this Schedule—
- “*double taxation arrangements*” means arrangements having effect under section 2(1) of TIOPA 2010,
- “*interest in UK land*” is to be read in accordance with section 1C,
- “*the manager*”, in relation to a collective investment vehicle, means—any person who is the manager of the property that is the subject of or held by the vehicle, orany other person who has, or is expected to have, day-to-day control of that property, and
- “*prospectus*”, in relation to a collective investment vehicle, means any document (however described) which is made available to investors and which sets out descriptions of the investments to be made, or intended to be made, by the vehicle.
- (2) For the purposes of this Schedule—
- (a) a reference to a direct disposal of UK land is to a disposal of an interest in UK land, and
- (b) a reference to an indirect disposal of UK land is to a disposal of an asset deriving at least 75% of its value from UK land.
- (3) For this purpose the reference to a disposal of an asset deriving at least 75% of its value from UK land is to be read in accordance with Part 2 of Schedule 1A.
### Power to make provision in relation to UK property rich collective investment vehicles etc
##### 48
- (1) The Treasury may by regulations make provision for the purposes of any provision of this Act in relation to—
- (a) collective investment vehicles that are UK property rich, or
- (b) investments made (directly or indirectly) by collective investment vehicles in companies that are UK property rich.
- (2) Among other things, the regulations—
- (a) may amend any provision made by this Schedule, or
- (b) may disapply any provision made by or under this Act or provide for any provision made by or under this Act to have effect with modifications specified in the regulations.
- (3) The regulations may make provision having effect in relation to times before the regulations are made.
- (4) The regulations—
- (a) may make different provision for different purposes, and
- (b) may make supplementary, incidental, consequential or transitional or saving provision.
## PART 7 — Transitional provision
### Elections for transparency under paragraph 8
##### 49
- (1) This paragraph applies in the case of an offshore collective investment vehicle to which paragraph 8 applies which was constituted before 6 April 2019.
- (2) Paragraph 9(1)(c) has effect as if it permitted the election under paragraph 8 to be made before 6 April 2020.
- (3) The election is to have effect in relation to disposals made on or after 6 April 2019 (so that paragraph 8(2) has effect subject to this sub-paragraph).
- (4) If a person is a participant in the vehicle on 6 April 2019—
- (a) the making of an election under paragraph 8 is not to be regarded as being a disposal of the person's units in the vehicle, and
- (b) any question arising for the purposes of this Act, in relation to a disposal on or after 6 April 2019 of the person's units in the vehicle, is to be determined as if the election under paragraph 8 had had effect in relation to all times on or after the vehicle's constitution.
### Elections under paragraph 12 and information about disposals by participants
##### 50
Nothing in paragraph 14 requires information about disposals made before 6 April 2019.
##### 24A
- (1) This section applies if—
- (a) there is a deemed disposal of an asset by a person (“P”) under section 24(1),
- (b) the asset is an interest in a building or structure which is “an interest in UK land” (as defined in section 1C) or an equivalent interest in land outside the United Kingdom,
- (c) a contribution allowance under Part 2A of CAA 2001 (see section 538A of that Act) has been made to another person (“C”) by reference to C’s contribution to expenditure in relation to the building or structure, and
- (d) C does not have an interest in the building or structure which is “an interest in UK land” for the purposes of section 1C.
- (2) C may make a claim for this Act to have effect as if an allowable loss equal to the unclaimed allowance amount had accrued to C on the deemed disposal of the asset by P.
- (3) For the purposes of this section, the “unclaimed allowance amount” in relation to a contribution allowance under Part 2A of CAA 2001, is the amount of the difference between—
- (a) the qualifying contribution amount, and
- (b) the amount of the contribution allowance to which an entitlement arose (or would have arisen if the conditions in section 270AA(2) of that Act had been met at all times since an entitlement to the contribution allowance first arose) before the deemed disposal under section 24(1).
- (4) For the purposes of subsection (3), the “qualifying contribution amount” is the amount of C’s contribution to expenditure in respect of which the contribution allowance is available (see sections 270AA and 538A of that Act), if and to the extent that the expenditure is not allowable under section 38 as a deduction in computing the gain accruing to P on the deemed disposal.
- (5) A claim under this section must—
- (a) include information identifying the building or structure by reference to which the contribution allowance was made, and
- (b) specify the unclaimed allowance amount.
##### 37B
- (1) This section applies on the disposal of an asset by a person if—
- (a) the asset is an interest in a building or structure which is “an interest in UK land” (as defined in section 1C) or an equivalent interest in land outside the United Kingdom,
- (b) the person is, or has been, entitled to an allowance under Part 2A of CAA 2001 (“the structures and buildings allowance”) by reference to the building or structure, and
- (c) the expenditure by reference to which the structures and buildings allowance has been made is allowable under section 38 as a deduction from the consideration in the computation of the gain on the disposal.
- (2) In determining the amount of any gain accruing to the person making the disposal (the “transferor”) the consideration for the disposal is treated as being increased by an amount equal to the amount of the structures and buildings allowance that has been made to the transferor.
- (3) If the disposal is—
- (a) a disposal on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss accrues to the person making the disposal,
- (b) a disposal in respect of which section 162 (roll-over relief on transfer of business) applies for the purposes of computing the gain on the disposal, or
- (c) a deemed disposal under section 579(4) of CTA 2010 (real estate investment trusts: cessation),
the person who acquires the asset (the “transferee”) is treated, for the purposes of determining the amount of the gain accruing on any subsequent disposal of the asset by the transferee, as if the amount of structures and buildings allowance made to the transferor (see subsection (2)) had been made to the transferee.
- (4) Subsection (2)—
- (a) is to be applied after the other provisions of this Act which apply for the purposes of determining the amount of the consideration deemed to be given for the disposal of assets, and
- (b) is subject to subsections (5) to (7).
- (5) If section 45(3) or 47(2) applies in relation to the disposal, subsection (2) applies in relation to the part of the consideration apportioned in the same proportion as the expenditure qualifying for capital allowances.
- (6) Subsection (7) applies in relation to the disposal if the asset mentioned in subsection (1) is—
- (a) a leasehold interest by reference to which section 270DD of CAA 2001 (leases granted for 35 years or more) applies, and
- (b) a wasting asset for the purposes of this Act.
- (7) For the purposes of subsection (2), the amount of the structures and buildings allowance is to be treated as if it were an amount of expenditure attributable to the asset under section 38(1) and, accordingly, as if it had been reduced at the same rate at which that expenditure is written off in accordance with paragraph 1(3) and (4) of Schedule 8 (leases of land as wasting assets).
- (8) The reference in subsection (1)(b) to an allowance under Part 2A of CAA 2001 includes a reference to a contribution allowance made by reason of the application of sections 537 and 538A of that Act (contribution allowances: structures and buildings allowances).
##### 39A
- (1) This section applies if—
- (a) a person disposes of an asset to a connected person,
- (b) the asset is, or is an interest in, a building or structure by reference to which an allowance under Part 2A of CAA 2001 (a “structures and buildings allowance”) has been made, and
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Taxation of Chargeable Gains Act 1992
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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