LegalizeReform history
Taxation of Chargeable Gains Act 1992
100 versions
· 1992-03-06
2025-03-20
Taxation of Chargeable Gains Act 1992
2025-03-19
Taxation of Chargeable Gains Act 1992
2024-10-30
Taxation of Chargeable Gains Act 1992
2024-05-24
Taxation of Chargeable Gains Act 1992
2024-04-06
Taxation of Chargeable Gains Act 1992
2024-02-22
Taxation of Chargeable Gains Act 1992
2024-01-04
Taxation of Chargeable Gains Act 1992
2023-07-11
Taxation of Chargeable Gains Act 1992
2023-04-06
Taxation of Chargeable Gains Act 1992
2022-05-24
Taxation of Chargeable Gains Act 1992
2022-04-06
Taxation of Chargeable Gains Act 1992
2022-04-05
Taxation of Chargeable Gains Act 1992
2022-02-24
Taxation of Chargeable Gains Act 1992
2021-12-09
Taxation of Chargeable Gains Act 1992
2021-07-08
Taxation of Chargeable Gains Act 1992
2021-06-10
Taxation of Chargeable Gains Act 1992
2021-04-06
Taxation of Chargeable Gains Act 1992
2021-03-24
Taxation of Chargeable Gains Act 1992
2020-12-31
Taxation of Chargeable Gains Act 1992
2020-07-22
Taxation of Chargeable Gains Act 1992
2020-06-26
Taxation of Chargeable Gains Act 1992
2020-05-20
Taxation of Chargeable Gains Act 1992
2020-04-10
Taxation of Chargeable Gains Act 1992
2020-04-06
Taxation of Chargeable Gains Act 1992
2020-04-01
Taxation of Chargeable Gains Act 1992
2020-03-11
Taxation of Chargeable Gains Act 1992
2019-12-02
Taxation of Chargeable Gains Act 1992
2019-11-04
Taxation of Chargeable Gains Act 1992
2019-07-11
Taxation of Chargeable Gains Act 1992
2019-07-05
Taxation of Chargeable Gains Act 1992
2019-04-29
Taxation of Chargeable Gains Act 1992
2019-02-12
Taxation of Chargeable Gains Act 1992
2018-10-29
Taxation of Chargeable Gains Act 1992
2018-10-01
Taxation of Chargeable Gains Act 1992
2018-03-15
Taxation of Chargeable Gains Act 1992
2018-02-09
Taxation of Chargeable Gains Act 1992
2018-01-01
Taxation of Chargeable Gains Act 1992
2017-12-15
Taxation of Chargeable Gains Act 1992
2017-11-16
Taxation of Chargeable Gains Act 1992
2017-04-27
Taxation of Chargeable Gains Act 1992
2017-04-06
Taxation of Chargeable Gains Act 1992
2016-11-30
Taxation of Chargeable Gains Act 1992
2016-10-01
Taxation of Chargeable Gains Act 1992
2016-09-15
Taxation of Chargeable Gains Act 1992
2016-04-06
Taxation of Chargeable Gains Act 1992
2015-11-18
Taxation of Chargeable Gains Act 1992
2015-08-07
Taxation of Chargeable Gains Act 1992
2015-05-26
Taxation of Chargeable Gains Act 1992
2015-04-06
Taxation of Chargeable Gains Act 1992
2015-04-01
Taxation of Chargeable Gains Act 1992
2015-03-26
Taxation of Chargeable Gains Act 1992
2015-03-18
Taxation of Chargeable Gains Act 1992
2015-02-13
Taxation of Chargeable Gains Act 1992
2014-08-01
Taxation of Chargeable Gains Act 1992
2014-07-17
Taxation of Chargeable Gains Act 1992
2014-04-22
Taxation of Chargeable Gains Act 1992
2014-04-06
Taxation of Chargeable Gains Act 1992
2014-01-01
Taxation of Chargeable Gains Act 1992
2013-09-30
Taxation of Chargeable Gains Act 1992
2013-07-17
Taxation of Chargeable Gains Act 1992
2013-06-08
Taxation of Chargeable Gains Act 1992
2013-04-01
Taxation of Chargeable Gains Act 1992
2013-03-01
Taxation of Chargeable Gains Act 1992
Changes on 2013-03-01
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### General
#### 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
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### Capital gains tax
#### Other retirement relief.
#### Relief for disposals by individuals on retirement from family business.
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## SCHEDULE 12
#### Persons and gains chargeable to capital gains tax, and allowable losses.
#### Rates of capital gains tax
#### The charge to tax.
#### Reporting limits
#### Individual who has made election under section 16ZA and to whom remittance basis applies
#### Restrictions on allowable losses
#### Section 16ZC: supplementary
#### Restriction of losses: long funding leases of plant or machinery
@@ -11588,9482 +11588,9486 @@
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.
#### Transfer of company’s assets to investment trust.
#### Exemption for authorised unit trusts etc.
#### Meaning of “qualifying corporate bond".
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### 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.
#### Effect of share loss relief
#### Procedure for clearance in advance.
#### Procedure for clearance in advance.
#### Relief for disposals by individuals on retirement from family business.
#### Postponement of charge on transfer of assets to non-resident company.
#### Relief on re-investment for individuals.
## SCHEDULE 7A
### Application and construction of Schedule
##### 1
- (1) This Schedule shall have effect, in the case of a company which becomes a member of a group of companies (“*the relevant group*”), in relation to any pre-entry losses of that company, but this Schedule shall have no effect in any case where section 184A (restrictions on buying losses: tax avoidance schemes) has effect in relation to those losses.
- (2) In this Schedule “*pre-entry loss*”, in relation to any company, means any allowable loss that accrued to that company at a time before it became a member of the relevant group.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (6) If—
- (a) the principal company of a group of companies (“*the first group*”) has at any time become a member of another group (“*the second group*”) so that the two groups are treated as the same by virtue of subsection (10) or (10A) of section 170, and
- (b) the second group, together in pursuance of that subsection with the first group, is the relevant group,
then, except where sub-paragraph (7) below applies, the members of the first group shall be treated for the purposes of this Schedule as having become members of the relevant group at that time, and not by virtue of that subsection at the times when they became members of the first group.
- (7) This sub-paragraph applies where—
- (a) the persons who immediately before the time when the principal company of the first group became a member of the second group owned the shares comprised in the issued share capital of the principal company of the first group are the same as the persons who, immediately after that time, owned the shares comprised in the issued share capital of the principal company of the relevant group; and
- (b) the company which is the principal company of the relevant group immediately after that time—
- (i) was not the principal company of any group immediately before that time; and
- (ii) immediately after that time had assets consisting entirely, or almost entirely, of shares comprised in the issued share capital of the principal company of the first group.
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) In determining for the purposes of this Schedule whether any allowable loss accruing to a company under section 116(10)(b) is a loss that accrued before the company became a member of the relevant group, any loss so accruing shall be deemed to have accrued at the time of the relevant transaction within the meaning of section 116(2).
- (10) In determining for the purposes of this Schedule whether any allowable loss accruing to a company on a disposal under section 212 is a loss that accrued before the company became a member of the relevant group, the provisions of section 213 shall be disregarded.
### Pre-entry proportion of losses on pre-entry assets
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### Disposals of pooled assets
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### Rule to prevent pre-entry losses on pooled assets being treated as post-entry losses
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### Alternative calculation by reference to market value
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### Restrictions on the deduction of pre-entry losses
##### 6
- (1) In the calculation of the amount to be included in respect of chargeable gains in any company’s total profits for any accounting period—
- (a) if in that period there is any chargeable gain from which the whole or any part of any pre-entry loss accruing in that period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (b) if, after all such deductions as may be made under paragraph (a) above have been made, there is in that period any chargeable gain from which the whole or any part of any pre-entry loss carried forward from a previous accounting period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (c) the total chargeable gains (if any) remaining after the making of all such deductions as may be made under paragraph (a) or (b) above shall be subject to deductions in accordance with section 8(1) in respect of any allowable losses that are not pre-entry losses; and
- (d) any pre-entry loss which has not been the subject of a deduction under paragraph (a) or (b) above (as well as any other losses falling to be carried forward under section 8(1)) shall be carried forward to the following accounting period of that company.
- (2) Subject to sub-paragraph (1) above, any question as to which or what part of any pre-entry loss has been deducted from any particular chargeable gain shall be decided—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , in accordance with such elections as may be made by the company to which the loss accrued;
and any question as to which or what part of any pre-entry loss has been carried forward from one accounting period to another shall be decided accordingly.
- (3) An election by any company under this paragraph shall be made by notice to the inspector given—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , before the end of the period of two years beginning with the end of the accounting period of that company in which the gain in question accrued.
- (4) For the purposes of this Schedule where any matter falls to be determined under this paragraph by reference to an election but no election is made, it shall be assumed, so far as consistent with any elections that have been made—
- (a) that losses are set against gains in the order in which the losses accrued; and
- (b) that the gains against which they are set are also determined according to the order in which they accrued with losses being set against earlier gains before they are set against later ones.
### Gains from which pre-entry losses are to be deductible
##### 7
- (1) A pre-entry loss that accrued to a company before it became a member of the relevant group shall be deductible from a chargeable gain accruing to that company if the gain is one accruing—
- (a) on a disposal made by that company before the date on which it became a member of the relevant group (“*the entry date*”);
- (b) on the disposal of an asset which was held by that company immediately before the entry date; or
- (c) on the disposal of any asset in respect of which the conditions in sub-paragraph (1A) are met.
- (1A) The conditions referred to in sub-paragraph (1)(c) are—
- (a) that the asset was acquired, on or after the entry date, by—
- (i) the company to which the pre-entry loss accrued (“company A”), or
- (ii) a company which, at the time of the acquisition, was a group company of company A,
from a person who at the time of the acquisition was not a group company of company A, and
- (b) that the asset has not, since its acquisition from that person, been used or held for any purposes other than those of a trade or business which—
- (i) was being carried on by company A immediately before the entry date, and
- (ii) continued until the disposal to be carried on by company A or a company which, when it carried on the trade or business, was a group company of company A.
- (1B) For the purposes of sub-paragraph (1A), a company is a “group company of company A” at any time when it is a member of a group of companies of which company A is also a member.
- (1C) Where a company, having become a member of the relevant group, subsequently becomes a member of another group (“the new group”)—
- (a) sub-paragraph (1) continues to have effect, in relation to any loss which accrued to the company before it became a member of the relevant group, by reference to the date on which it became such a member, and
- (b) accordingly, that sub-paragraph does not apply separately in relation to the loss by reason of it also having accrued to the company before it became a member of the new group.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Where two or more companies become members of the relevant group at the same time and those companies were all members of the same group of companies immediately before they became members of the relevant group, then ... —
- (a) an asset shall be treated for the purposes of sub-paragraph (1)(b) above as held, immediately before it became a member of the relevant group, by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact so held by another of those companies;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- (c) the acquisition of an asset shall be treated for the purposes of sub-paragraph (1A) above as an acquisition by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact acquired (whether before or after they became members of the relevant group) by another of those companies.
- (4) Sub-paragraphs (4A) and (4B) apply for determining for the purposes of this paragraph whether an asset on the disposal of which a chargeable gain accrues was an asset held by a company immediately before the entry date (a “pre-entry asset”).
- (4A) Except as provided by sub-paragraph (4B), an asset is not a pre-entry asset if—
- (a) the company which held the asset at the entry date is not the company which makes the disposal, and
- (b) since the entry date that asset has been disposed of otherwise than by a disposal to which section 171 applies.
- (4B) Without prejudice to sub-paragraph (4C), where, on a disposal to which section 171 does not apply—
- (a) an asset would cease to be a pre-entry asset by virtue of sub-paragraph (4A), but
- (b) the company making the disposal retains an interest in or over the asset in question,
that interest is a pre-entry asset.
- (4C) For the purposes of this paragraph—
- (a) an asset acquired or held by a company at any time and an asset held at a later time by that company, or by any company which is or has been a member of the same group of companies as that company, is to be treated as the same asset if the value of the second asset is derived in whole or in part from the first asset, and
- (b) if—
- (i) any asset is treated (whether by virtue of paragraph (a) or otherwise) as the same as an asset held by a company at a later time, and
- (ii) the first asset would have been a pre-entry asset in relation to that company,
the second asset is also to be treated as a pre-entry asset in relation to that company;
and paragraph (a) applies, in particular, where the second asset is a freehold and the first asset is a leasehold the lessee of which acquires the reversion.
- (5) Subject to sub-paragraph (6) below, where a gain accrues on the disposal of the whole or any part of—
- (a) any asset treated as a single asset but comprising assets only some of which were held at the time mentioned in paragraph (b) of sub-paragraph (1) ... above, or
- (b) an asset which is treated as held at that time by virtue of a provision requiring an asset which was not held at that time to be treated as the same as an asset which was so held,
a pre-entry loss shall be deductible by virtue of paragraph (b) of sub-paragraph (1) ... above from the amount of that gain to the extent only of such proportion of that gain as is attributable to assets held at that time or, as the case may be, represents the gain that would have accrued on the asset so held.
- (6) Where—
- (a) a chargeable gain accrues by virtue of subsection (10) of section 116 on the disposal of a qualifying corporate bond,
- (b) that bond was not held as required by paragraph (b) of sub-paragraph (1) ... above at the time mentioned in that paragraph, and
- (c) the whole or any part of the asset which is the old asset for the purposes of that section was so held,
the question whether that gain is one accruing on the disposal of an asset the whole or any part of which was held by a particular company at that time shall be determined for the purposes of this paragraph as if the bond were deemed to have been so held to the same extent as the old asset.
### Change of a company’s nature
##### 8
- (1) If—
- (a) within any period of three years, a company becomes a member of a group of companies and there is (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade or business which was carried on by that company immediately before it became a member of that group, or
- (b) at any time after the scale of the activities in a trade or business carried on by a company has become small or negligible, and before any considerable revival of the trade or business, that company becomes a member of a group of companies,
the trade or business carried on before that change, or which has become small or negligible, shall be disregarded for the purposes of paragraph 7(1A) above in relation to any time before the company became a member of the group in question.
- (2) In sub-paragraph (1) “*a major change in the nature or conduct of a trade or business*” includes—
- (a) a major change in the type of property dealt in, or services or facilities provided, in the trade or business,
- (b) a major change in customers, markets or outlets of the trade or business, or
- (c) in the case of a company with investment business (within the meaning of section 1218 of CTA 2009), a major change in the nature of the investments held;
and this paragraph applies even if the change is the result of a gradual process which began outside the period of three years mentioned in sub-paragraph (1)(a).
- (3) Where the operation of this paragraph depends on circumstances or events at a time after the company becomes a member of any group of companies (but not more than three years after), an assessment to give effect to this paragraph shall not be out of time if made within six years from that time or the latest such time.
### Identification of “the relevant group" and application of Schedule to every connected group
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### Appropriations to stock in trade
##### 10
Where, but for an election under subsection (3) of section 161, there would be deemed to have been a disposal at any time by any company of any asset—
- (a) the amount by which the market value of the asset may be treated as increased in pursuance of that election shall not include the amount of any pre-entry loss that would have accrued on that disposal; and
- (b) this Schedule shall have effect as if the pre-entry loss of the last mentioned amount had accrued to that company at that time.
### Continuity provisions
##### 11
- (1) This paragraph applies where provision has been made by or under any enactment (“*the transfer legislation*”) for the transfer of property, rights and liabilities to any person from—
- (a) a body established by or under any enactment for the purpose, in the exercise of statutory functions, of carrying on any undertaking or industrial or other activity in the public sector or of exercising any other statutory functions;
- (b) a subsidiary of such a body; or
- (c) a company wholly owned by the Crown.
- (2) A loss shall not be a pre-entry loss for the purposes of this Schedule in relation to any company to whom a transfer has been made by or under the transfer legislation if that loss—
- (a) accrued to the person from whom the transfer has been made; and
- (b) falls to be treated, in accordance with any enactment made in relation to transfers by or under that legislation, as a loss accruing to that company.
- (3) For the purposes of this Schedule where a company became a member of the relevant group by virtue of the transfer by or under the transfer legislation of any shares in or other securities of that company or any other company—
- (a) a loss that accrued to that company before it so became a member of that group shall not be a pre-entry loss in relation to that group; ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this paragraph a company shall be regarded as wholly owned by the Crown if it is—
- (a) a company limited by shares in which there are no issued shares held otherwise than by, or by a nominee of, the Treasury, a Minister of the Crown, a Northern Ireland department or another company wholly owned by the Crown; or
- (b) a company limited by guarantee of which no person other than the Treasury, a Minister of the Crown or a Northern Ireland department, or a nominee of the Treasury, a Minister of the Crown or a Northern Ireland department, is a member.
- (5) In this paragraph—
- “*enactment*” includes any provision of any Northern Ireland legislation, within the meaning of section 24 of the Interpretation Act 1978; and
- “*statutory functions*” means functions under any enactment, under any subordinate legislation, within the meaning of the Interpretation Act 1978, or under any statutory rules, within the meaning of the Statutory Rules (Northern Ireland) Order 1979.
### Companies changing groups on certain transfers of shares etc.
##### 12
For the purposes of this Schedule, and without prejudice to paragraph 11 above, where—
- (a) a company which is a member of a group of companies becomes at any time a member of another group of companies as the result of a disposal of shares in or other securities of that company or any other company; and
- (b) that disposal is one on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss would accrue,
this Schedule shall have effect in relation to the losses that accrued to that company before that time and the assets held by that company at that time as if any time when it was a member of the first group were included in the period during which it is treated as having been a member of the second group.
## SCHEDULE 7B
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##### 14
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### Post Office Act 1969 c. 48
## Part I — Valuation
### Preliminary
### Gifts and transactions between connected persons before 20th March 1985
### Valuation of assets before 6th July 1973
### Valuation of assets on 6th April 1965
### References to the London Stock Exchange before 25th March 1973and Exchange Control restrictions before 13th December 1979
### Depreciated valuations referable to deaths before 31st March 1973
### Estate duty
## Part II — Other transitory provisions
### Value-shifting
### Assets acquired on disposal chargeable under Case VII of Schedule D
### Unrelieved Case VII losses
### Devaluation of sterling: securities acquired with borrowed foreign currency
### Devaluation of sterling: foreign insurance funds
### Gilt-edged securities past redemption date
### Qualifying corporate bonds, company reorganisations, share conversions etc.
### Land: allowance for betterment levy
### Non-resident trusts
### Private residences
### Works of art etc.
### Disposal before acquisition
### Estate duty
### Validity of subordinate legislation
### Amendments in other Acts
### Saving for Part III of this Schedule
## Part III — Assets acquired before commencement
## Part IV — Other general savings
## SCHEDULE
## Editorial notes
[^c2138138]: Act partly in force at Royal Assent and otherwise in force or coming into force as mentioned in s.289.
[^c2138139]: Act applied (with modifications) by [S.I. 1992/415](https://www.legislation.gov.uk/uksi/1992/415), [reg. 3](https://www.legislation.gov.uk/uksi/1992/415/regulation/3) (with [regs. 4-7](https://www.legislation.gov.uk/uksi/1992/415/regulation/4)) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 134](https://www.legislation.gov.uk/ukpga/1993/34/section/134), [Sch. 15 para. 4(10)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/15/paragraph/4/10) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [Sch. 16 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/16/paragraph/3/3/b) Act modified (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/2/1), 4(1)
[^c2138141]: S. 3 amended (for the year 1993-1994) by [S.I. 1993/760](https://www.legislation.gov.uk/uksi/1993/760), [art. 2](https://www.legislation.gov.uk/uksi/1993/760/article/2) S. 3 modified (for the year 1993-1994) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 82](https://www.legislation.gov.uk/ukpga/1993/34/section/82)
[^c2335609]: S. 3(7A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138161]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c2138162]: [S.I.1989/2405 (N.I.19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c2138163]: S. 9(4) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment as mentioned in s. 208(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/2/4)
[^c2138166]: S. 22 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para.17](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/17)
[^c2335591]: S. 30 excluded (retrospective to 5.11.2993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/1)
[^c2138186]: S. 37 extended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138187]: S. 37(1) restricted (16.7.1992, with effect as mentioned in [s. 65(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/6) of the amending Act) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(e)(5)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/e/5)
[^c2138188]: S. 39 extended (27.7.1993 with effect for the years 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138189]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138190]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138191]: S. 41 modified (16.7.1992)) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 6(2)(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/2/5),7
[^c2138192]: S. 60(1) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138193]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138194]: [1914 c. 47](https://www.legislation.gov.uk/ukpga/1914/47).
[^c2138195]: [1985 c. 66](https://www.legislation.gov.uk/ukpga/1985/66).
[^c2138196]: [1925 c. 18](https://www.legislation.gov.uk/ukpga/1925/18).
[^c2138197]: S. 71 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138198]: S. 76(1) excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(e)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/e)
[^c2138200]: S. 99 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/2)
[^c2138202]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138204]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138205]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138206]: [S.I.1986/387](https://www.legislation.gov.uk/uksi/1986/387).
[^c2138207]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138208]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138209]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138211]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138212]: Words in s. 116(11) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/3)
[^c2335593]: S. 117 applied by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4)) S. 117 modified by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5) (as substituted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/6))
[^c2138217]: S. 117(6A) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/1/3)
[^c2138218]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138227]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138228]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c2138229]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138230]: 1958 (7 Eliz. 2) c.6.
[^c2138231]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c2138232]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c2138233]: S. 122 modified (27.7.1992) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/16/2/b)
[^c2138235]: S. 137(5):30.9.1993 appointed for the purposes of s. 137(5) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d) in force at 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138236]: S. 139 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2138237]: S. 139(8): 30.9.1993 appointed for the purposes of s. 139(8) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138241]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138242]: S. 140(6A) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/4)
[^c2138243]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138244]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2335607]: S. 138A inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/1/2) (with [s. 89(3)-(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/3))
[^c2138246]: S. 140A inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138247]: S. 140B inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138248]: S. 140C inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138249]: S. 140D inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138245]: Cross heading inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138251]: S. 144 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 26(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/26/2)
[^c2138253]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138254]: S. 149A inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.104](https://www.legislation.gov.uk/ukpga/1993/34/section/104)
[^c2138255]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138256]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138257]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138258]: S. 151(4) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.85](https://www.legislation.gov.uk/ukpga/1993/34/section/85)
[^c2138259]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138260]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138261]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138264]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138265]: [1968 c.59](https://www.legislation.gov.uk/ukpga/1968/59).
[^c2138266]: Words in s. 155 inserted (27.7.1993 with effect as mentioned in s. 86(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 86(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/86/1/4)
[^c2138267]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138268]: Words in s. 157 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138303]: Words in s. 165 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138313]: [1962 c. 46](https://www.legislation.gov.uk/ukpga/1962/46).
[^c2138314]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138315]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138316]: S. 171 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2335592]: S. 175(2A)-(2C) inserted (retrospectively as respects s. 175(2A), with application in accordance with s. 48(5) of the amending Act as respects s. 175(2B)(2C)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/3) (with [s. 48(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4/5))
[^c2138321]: S. 176 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 18(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/18/2)
[^c2138323]: S. 177: modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/1); modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/3); modified (27.7.1993 with application as mentioned in s. 165(1)) by 1993, s. 169, Sch. 17 paras. 6(2); modified (27.7.1993 with applicaton as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 paras. 6(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/6/3)
[^c2138324]: Words in s. 177(2) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/6)
[^c2138325]: S. 177A inserted (27.7.1993 with application as mentioned in s. 88(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/1)
[^c2138330]: s. 179: 30.9.1993 appointed for the purposes of s. 179 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138331]: S. 179 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/1) S. 179: modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/2); modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 51(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/51/2)
[^c2138333]: Words in s. 179(4) substituted (27.7.1993 with effect as mentioned in s. 89(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/89/1/2)
[^c2335589]: S. 188 repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(a)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/a/10), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1)
[^c2138343]: S. 189: 30.9.1993 appointed for the purposes of s. 189 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138347]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138348]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335601]: S. 196(5)(5A) substituted for s. 196(5) (retrospectively and with effect in accordance with [s. 181(4)(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/3)
[^c2335602]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2335605]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335606]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138350]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138351]: [1980 c. 48](https://www.legislation.gov.uk/ukpga/1980/48).
[^c2138352]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138356]: S. 206 repealed (27.7.1993, the repeal of subsections (2)-(5) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsection (1) having effect for the year 1992-93 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; S. 206 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/7), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138357]: S. 207 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138358]: S. 208 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Sch. 23, Pt. III Table (12) Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138359]: S. 209 repealed (27.7.1993, the repeal of subsections (1)(2)(6) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsections (3)-(5) having effect for the year 1992-3 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; s. 209 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/8/a/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138366]: S. 212 modified (31.7.1992) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [arts. 1](https://www.legislation.gov.uk/uksi/1992/1655/article/1), [21](https://www.legislation.gov.uk/uksi/1992/1655/article/21) S. 212 amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1) S. 212 excluded (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1)
[^c2138368]: S. 212(3)(4)(6) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/b), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138372]: S. 212(8) repealed (27.7.1993 with effect as mentioned in s. 91(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138375]: S. 213(1A) inserted (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1993/37/section/91/4)
[^c2138377]: S. 213(9) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138387]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138389]: S. 217A inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138390]: S. 217B inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138391]: S. 217C inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138388]: Cross heading inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138392]: [1964 c. 56](https://www.legislation.gov.uk/ukpga/1964/56).
[^c2138393]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138394]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138397]: [S.I. 1981/156 (N.I.3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c2138398]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138399]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138400]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138401]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c2138402]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138405]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138406]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138409]: S. 251(6) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/2/3)
[^c2138411]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138416]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138417]: [1986 c. 56](https://www.legislation.gov.uk/ukpga/1986/56).
[^c2138418]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138419]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138420]: [1959 c. 49](https://www.legislation.gov.uk/ukpga/1959/49).
[^c2138423]: [1927 c. 41](https://www.legislation.gov.uk/ukpga/1927/41).
[^c2138424]: Words in s. 271(6)(a) substituted (1.9.1992) by [1992 c. 44](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 Pt. I para. 1(1)(2)(9)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/part/I/paragraph/1/1/2/9); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art.2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c2138425]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c2138426]: S. 272(2)-(4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(5)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/5)
[^c2138429]: S. 273(3) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(6)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/6)
[^c2138430]: [S. 275](https://www.legislation.gov.uk/ukpga/1992/12/section/275) applied (with effect in relation to accounting periods beginning after 31.12.1992 as mentioned in Sch. 19AC) by [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) (as inserted by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1))
[^c2138431]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138432]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138435]: [1972 c. 40](https://www.legislation.gov.uk/ukpga/1972/40).
[^c2138436]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c2138437]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138439]: [1979 c. 14](https://www.legislation.gov.uk/ukpga/1979/14).
[^c2138441]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138443]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c2138444]: [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1).
[^c2138445]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2335611]: Words in Sch. 1 para. 1(1) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138446]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2138447]: [1958 c. 23 (N.I.)](https://www.legislation.gov.uk/apni/1958/23).
[^c2138448]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2335613]: Sch. 1 para. 1(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/3), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335615]: Words in Sch. 1 para. 1(3) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138449]: [1983 c. 20](https://www.legislation.gov.uk/ukpga/1983/20).
[^c2138450]: [1992 c. 6](https://www.legislation.gov.uk/ukpga/1992/6).
[^c2138451]: [1992 c. 9](https://www.legislation.gov.uk/ukpga/1992/9).
[^c2138452]: [1992 c. 4](https://www.legislation.gov.uk/ukpga/1992/4).
[^c2138453]: [1992 c. 7](https://www.legislation.gov.uk/ukpga/1992/7).
[^c2335617]: Words in Sch. 1 para. 2(2) substituted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/a), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335619]: Sch. 1 para. 2(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138454]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c2138455]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39).
[^c2138456]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c2138457]: [1972 c. 52](https://www.legislation.gov.uk/ukpga/1972/52).
[^c2138458]: [S.I. 1991/1220 (N.I.11)](https://www.legislation.gov.uk/nisi/1991/1220)
[^c2138460]: [1964 c. 28 (N.l.)](https://www.legislation.gov.uk/ukpga/1964/28).
[^c2138461]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138462]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138463]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138478]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138479]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138480]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138481]: Words in Sch. 7 para. 7(1) substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138505]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138506]: [S.I. 1979/1573 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c2187166]: Sch. 7A inserted (27.7.1993 with effect as mentioned in [s. 88(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/3) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), c. 88(2), Sch. 8
[^key-cf3960a37886c11eac41b6b156530cf9]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/3)
[^key-c61333fd6bef2428a1168708f4d03a3b]: S. 23(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/1)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-60df4d1ea6f90054bbf1238e4a9ce4c6]: S. 23(5) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-eb33f5c4a96dc4c1eb294b7b21ed758f]: S. 30(5) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/3)
[^key-2db3890b14676204cbc9a451baac73cc]: Ss. 152-160 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/1)
[^key-f1efaf9558efb15b34e5a2a0bbc4366e]: S. 154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/2)
[^key-59daa5af51842809b1546358bc73f643]: S. 152 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-208f22d583c64b85c2f5c44d6e4c1ef4]: S. 153 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-3d98161715f5f76998c5943ed43630d9]: Ss. 152-154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/4)
[^key-456db7ce00bb06452a5b3d99523f43eb]: S. 154 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/5)
[^key-7aa435f07d01f3164515a8888ea0409e]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/3)
[^key-c8f23c9c36bb3326d444a4c51a865727]: S. 17 excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/4)
[^key-4b2bccbe08f5aa653392285b2967c9ec]: S. 179 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/1)
[^key-d8fc574574bef5fbeeb1549d9da82dc7]: S. 179 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/5)
[^key-6939f2d384c1e68e1fe712d29ae19730]: S. 253(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-0d0e4bf7282d211ce1d6d7f12a4b686b]: Ss. 253, 254 modified (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/3)[(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/4)
[^key-e336f5453d5ba472fa12a81317b61471]: Ss. 253, 254 restricted (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-be23ec6e8a40d242ec58d148bc35fbd5]: S. 253(7)(8) excluded (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/9)
[^key-7054dcc326a0157665ac48b10f49fc06]: Sch. 2 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/10)
[^key-7073ffe27329b5647d7ae56490e2bfed]: S. 17 excluded (with saving) (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/2)
[^key-9cef632edc9c184995a2d6424c779783]: S. 272 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 18(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/5)
[^key-e3f8c8e3533fa37631b2dbff7aa6c506]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 25(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/3)
[^M_C_96955af4-9b31-4366-f2b7-240fbf3ed810]: Act modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 24 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/1), [9(1)(6)-(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/1), [11(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/4)
[^key-d0c7a8a12a0278cdf9f2f106bb7cf3c6]: Act applied (with effect in accordance with reg. 1(1) of the amending S.I.) by [The Lloyds Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg. 3(1)](https://www.legislation.gov.uk/uksi/1994/728/regulation/3/1) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/1994/728/regulation/1/2))
[^key-2c7045f26212cb6d717b5daf4c09f8ae]: S. 3(2) sum amended (for the year 1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 90](https://www.legislation.gov.uk/ukpga/1994/9/section/90)
[^key-fbc4c518f8e2c5d5ba1c636e944b1112]: S. 170 extended (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 148(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/148/9)
[^key-757ac07b390641136fbbde96d2d5e897]: Act modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/c) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-4f420e2c44a26cac88e83837398c3dd0]: S. 38 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(4)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/4/d) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-5d58737b196aa24c84d95bb045c1863a]: S. 179 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 250(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/250/2)
[^key-69ec660cb043256081cd900c7fac3982]: Act applied (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/1/2)
[^key-229281ef497d10e4b1591aef4ed78bad]: Ss. 152-156 modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/3/2)
[^key-857f99c02887bb038065f8c49c3ecc04]: Words in s. 53(1) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/1) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-28cb3f6f41c1db4ae3653534f7c69fda]: Words in s. 53(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-11ece275e98ce5c9e2c498259640e853]: S. 53(2)(a) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-6a958a5db2f0b99370435ca2ef75b1ce]: Word in s. 53(2)(b) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/c) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-180fa7c6b1565490349c9bf71f27eb5a]: S. 53(2A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/3) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-db99610de5f0182bc7235052bce81f22]: S. 55(7)-(11) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/4) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-15d4e0ca84439966d33363fe31378acd]: Words in s. 56(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-178cf8da990227f6e5cf0775924f2643]: S. 56(3)(4) added (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-4393b0e465783dda323655f773463eef]: Words in s. 56(1)(a) repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8)
[^key-bf7ac8c3abde15f14bcf2992586328ff]: S. 103 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-9265233fdfa02d7d8d84c2926a69ad6f]: S. 110(6A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/6) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-837a65d4ee909f563857dae660302d4b]: S. 111 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-76c7e1a83db6bb8331af30779dc05c5d]: Ss. 182-184 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-d793bfa0d55ce82afe2a11e7d7aeb400]: S. 139(3) repealed (with effect in accordance with s. 251(1)(a)(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/5), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-d1d23d39d5a250d477943d8f79f62c7f]: S. 143(4) repealed (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1), [Sch. 26 Pt. V(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/9)
[^key-3b194ac28705cc1374d495dfd49013ab]: S. 143(6)(7)(8) substituted for s. 143(6) (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1)
[^key-067dc34a78dd482794d79b1d10666b9e]: Words in s. 150(1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/29)
[^key-3de530cd07a5315005db86ba21fb9718]: S. 150A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 30](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/30)
[^key-4ee83211c251f9338e2d6ad25f1e60d0]: S. 160 repealed (with effect in accordance with s. 251(1)(a)(6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/6), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-1ca81e0ab084e135cffc4d55b14bea58]: Words in s. 166(2) repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-b6f0e05aab31485c07b08ae9094410b7]: S. 171(2)(e) and preceding word repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-5349fcb8ba88f4e9bd216e7a16a5f101]: Words in s. 175(2) repealed (with effect in accordance with s. 251(1)(a)(8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/8), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-bc97864159ac13ecd1d39f6141a7529e]: S. 186 repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-c949e611fe9893ba34c4f395fec830bf]: Words in s. 187(1)(a) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-054ae46ecafe82cfeb84a2c848bcf5e5]: Words in s. 187(6) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-71b3e564af45e537a392174021e46116]: S. 200 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-487e2861468f71df323ceef2698d40d8]: Words in s. 231(1)(d) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 34](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/34), [Sch. 26 Pt. V(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/17)
[^key-f8c5e239a54d4d2ca753c7b35fe31bbf]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/a)
[^key-53041365a116f588ec51833f362ef3f8]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/b)
[^key-b2d6084d855c45234f8283b19c8911f1]: S. 283(2) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/2)
[^key-fd4f11f9bd71223edbd75fd936a64857]: S. 283(5) repealed (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/4), [Sch. 26 Pt. V(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/23)
[^key-4bf05aa02598b09de90242323021528f]: Sch. 5 paras. 11-14 repealed (with effect in accordance with s. 97(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/4), [Sch. 26 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/10)
[^key-c016efa26c03f3282461cd0a4fea3187]: Sch. 5A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/3)
[^key-84a6a7023846124085f3a78105ab69dc]: S. 98A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/2)
[^key-6460033ea01950bb9ebb01b6802ceb1c]: S. 144A inserted (with effect in accordance with s. 96(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/96/1)
[^key-ac299e846edf905519fc22a6186e46f7]: Sch. 10 para. 6 repealed (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 15](https://www.legislation.gov.uk/ukpga/1994/23/schedule/15)
[^key-fbbf371f33c5cf60008c6450a3a9669e]: S. 28 extended (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/2/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-da611ec651221538503606c308794eaa]: S. 23(4) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-fb2c4dc118e30e302a32a132c2a27c76]: S. 23(5) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-00ccf18768590d96599daf3014df0b2e]: S. 30 excluded (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-61ccfe1dfb765027d9f74253c0aa1313]: S. 144 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/1) (with [Sch. 4 paras. 6(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/4), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-ad6c26e719f79631edeaaf935fc390c2]: S. 152 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/1/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e124cf3266fbf45c23252746d09a7569]: S. 152 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f46d0cc1100767ef46be299c27dec443]: S. 153 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-65946e4a17f03793024442b45ea89dbf]: S. 154 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/b) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-1d0628e94b300a68a3583d6cd2743288]: S. 152 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-60e7388c79d375a8b0b937b16dbab59e]: S. 153 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-23cb74aef3278ad84edca5101b1dadac]: S. 154 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-035004ca1191a3421daf427e42a3ee78]: S. 158 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6deea884207668d2e89e9b284a9fa0f9]: S. 179 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/1) (with [Sch. 4 paras. 8(3), 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-bcf51fc79e0bf42ae98e009cd88006a8]: S. 179 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-d77adea915de9354e482c2e43935ac03]: Ss. 253, 254 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3) (with [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-b9904791acd9dbf2aee3b70740dde3ca]: S. 253(9) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e58412ba79d6e9e4348eaaaedea6b829]: S. 253(10) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9795a12f56a8a435bca48175ea83d372]: S. 253(13) applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f62f55db6b767097785ccc08c7331e12]: Sch. 2 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/10) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6a24c8a006139497b138a96eb46ff425]: S. 174 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-c594abbde38d22bdc3a9bbb7702520ad]: S. 41 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/5)[(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9d3560035abce81fa37a087d8568d9a3]: S. 28 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(9)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/9) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^M_C_25434e55-8414-4bd5-f8e6-e682382849c1]: Act modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), Sch. 4 paras. 2(1), 9(1) (with Sch. 4 para. 14); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^key-85524c47c2d2d17be2093d934fbbf9cf]: S. 275(h) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1)[(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^key-af3878dd7ed7fc023dc0a16aeda83487]: Act modified (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/3)
[^key-a92640b3656bcd543a6e1f46a428f2f4]: Act extended (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 18(3)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/3)
[^key-2dc12ae6c54873feb63d04f5810647ef]: S. 17(1) excluded (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [18(4)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/4)
[^key-265d21be27a528417a84eba8e02a4011]: S. 170(7)(8) applied (with modifications) (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [19(12)](https://www.legislation.gov.uk/nisi/1994/2809/article/19/12)
[^key-f4025b1c73b7911132d154096de1fd6b]: Act applied (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 20(7)](https://www.legislation.gov.uk/nisi/1994/2809/article/20/7)
[^key-047fe88bb5f5c731a213d0fa1eef7a46]: S. 211(1) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-e0693fe2f1a0f26491be1224c1438b76]: S. 213(5) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-ac6113564e95672d94b047db16be19bf]: S. 176(1) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [9(6)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/9/6)
[^key-ef0aa101d2d4f0bbfc87965ee01a864a]: S. 176(2) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [14(4)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/14/4)
[^key-3536fb0407db74d7bcc79be107f855ab]: S. 170 applied (23.3.1995) by [The Exchange Gains and Losses (Deferral of Gains and Losses) Regulations 1994 (S.I. 1994/3228)](https://www.legislation.gov.uk/uksi/1994/3228), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/1/2), [4(1)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/4/1)
[^key-1e2d141295365399f48be3a0e7ab275e]: S. 175(2A)(c) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4)
[^key-bbf96f0fdc2ca904148692d595977340]: S. 272 applied by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 591C-591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1))
[^key-eb763497b8d228e12282910a1fd5eba9]: Act applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para 8(5) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-28084fe61e3adbe0e0e88c39e6ea634a]: Act modified by Income and Corporation Taxes Act 1988 (c. 1), s. 737C(11A) (as inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3))
[^key-aa04edf941ccb3237c9000e2c33bd0f3]: S. 170(7) modified by 1988 c. 1, s. 209(8E) (as inserted (with effect in accordance with s. 87(7)(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3))
[^key-185ae42dfc9058d2ac217e3039d9b94b]: Act modified (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/2)
[^key-79abbf6d2ae133d25e01a284dc30192a]: Act modified (with effect in accordance with s. 126(9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 126](https://www.legislation.gov.uk/ukpga/1995/4/section/126), [Sch. 23 para. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/23/paragraph/1/1)
[^key-0098551f03c3a04d686e7a8819020506]: S. 139 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-e956f28aab42623e184144ff777e9804]: S. 140A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-8079ebb236182b58bdca734980bd13cb]: Ss. 171, 172 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-c85802a4cf31a845d7af9d7499dbe334]: Ss. 215, 216 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-eb3800f995fc0be9c5e2449480baf077]: S. 217A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-da345bc6b1bd166b1d109c41faac443a]: S. 241(3) modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/36)
[^key-c51b12f9310ba37b2df738e8a5eebbde]: Sch. 8 modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/37)
[^key-d2791e25a1476282c070c3c23ae35c5c]: Sch. 7A para. 8(1) applied by 1988 c. 1, Sch. 28A para. 13 (as inserted (with effect in accordance with Sch. 26 para. 5 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/3))
[^key-f5d2f7407321773d3fe07aa4a1c8012b]: S. 7 repealed (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/12), [Sch. 29 Pt. VIII(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/14)
[^key-316573c968f6bc003852e6cc33e3df07]: S. 16(2A) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/1)
[^key-f150a9d8da98f92e587a6be6f42ee98d]: S. 59(c) and preceding word repealed (with effect in accordance with Sch. 29 Pt. VIII(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-d62f14798f6f1948ed4650d36b16058f]: S. 65(1) substituted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/1)
[^key-76b4e8d202597343238ebf42b5e591cd]: S. 65(3)(4) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/2)
[^key-875c574708c2461dad93bbc968fd039a]: Words in s. 100(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/2)
[^key-0eb1cc1f7cc29e5d49508a84818a68bb]: Ss. 151A, 151B inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3)
[^key-568a0297967ffbe708957a63546532cd]: S. 150(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 69](https://www.legislation.gov.uk/ukpga/1995/4/section/69)
[^key-a6718d05f5a58420d5cfad090eddde76]: S. 150A(2A) inserted (with application in accordance with Sch. 13 para. 2(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/2)
[^key-94df9ae023568d7d54374affe7ff8662]: Ss. 150A(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/4)
[^key-bd1a66990c21b225fab4c82bef2ef692]: S. 150B inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/3)
[^key-06fcb597847471a84ae2af39bc18e04d]: S. 150C inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/1)
[^key-a107d16142a124fbbb6cf19c5c89fc02]: Sch. 5B inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3)
[^key-df23025d0f35232eccc277345f8d7a47]: Words in s. 175(1) repealed (with effect in accordance with Sch. 29 Pt. VIII(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII)
[^key-81a866e420336faae0e7e58403fac23f]: S. 179(2A)(2B) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/1)
[^key-27d6668b67494b0b2ea6f97276fa01f2]: S. 179(9A) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/2)
[^key-a97b5230c1444d8c1a22fe32c6b22ab3]: S. 213(5A) inserted (with effect in accordance with s. 53(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/4)
[^key-14ae25d80e05c7e9de22aed629d62f2a]: S. 247(5A) inserted (with application in accordance with s. 48(6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/2)
[^key-ed257d05c59cb55406650cd93b0b2856]: Words in s. 257(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/5)
[^key-6bc0955481c9b4320adfe8aa30def0da]: S. 286(3)(3A) substituted for s. 286(3) (with effect in accordance with s. 74(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/31)
[^key-bc63a2b2310c9a78514afbc86551fd2b]: Words in s. 288(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/7)
[^key-363476a14943eed8b50e80d965a2f9ad]: Word in Sch. 10 para. 2(2) repealed (with effect in accordance with Sch. 29 Pt. 8(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-8ccbcafa4f44715ff660e2c000c8a832]: S. 263A inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4)
[^key-1edcdf3ea0363b9fcf625e7df5ce868c]: S. 151A(4)(5) applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para. 8(6)(c) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-1ab18e03f3d27d786356321c6caa9b61]: S. 171(1) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/1)
[^key-ff0e6cf35b1c5f899f842fc5ed56d0fb]: S. 21(2) applied (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/2)
[^key-817a6ec94b240c1d1bd20e48d8d012dd]: S. 179 modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/1)[(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/2) (with [Sch. 3 para. 5(4)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/4))
[^key-9cbed6e98536fecb7682403b28a4996b]: S. 253(4) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/6/2)
[^key-bcf3cdc2ffeeeab5824dd3d3cb7c5409]: S. 272 applied (E.W.S.) (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 17(1)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1), [18(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2), [Sch. 5 para. 10(2)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/2)
[^key-449054e447ef9de052cff15651301f04]: S. 3(2) sum amended (for the year 1996-97) by [The Capital Gains Tax (Annual Exempt Amount) Order 1995 (S.I. 1995/3033)](https://www.legislation.gov.uk/uksi/1995/3033), [art. 2](https://www.legislation.gov.uk/uksi/1995/3033/article/2)
[^key-adf3421c7b33d5bb4bf40785305a45e8]: Act modified (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-cac6648388748a7b5529e79af697e7d3]: S. 132 applied (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-3d4cfbe08d178fb790642711de0ca355]: S. 263A(1) applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^key-67be92e8ce6c94a7220d895a537b2afd]: S. 263A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^key-ad2d4c2dd6e60535ec55ff27099fd7be]: Act extended (with modifications) and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(4)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-379b67094cdb36450744d396d70caf20]: Act extended and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93(4)-(13)](https://www.legislation.gov.uk/ukpga/1996/8/section/93/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-b25d3c83f3741a46a8c3ccf7c850a4d9]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/3)
[^key-0d97dd8924d455545c191f969b20b82b]: Act modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/4)
[^key-e140fda3b0e9c5a3b1b0c33ce62d19eb]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 paras. 13(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/13/6), [15(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/15/1)
[^key-9f496936595bf3edb1ebaa3c17101b37]: S. 176 applied (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/9)
[^key-bb484246c7351f1989b259e89c727b04]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 paras. 8(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/11), [22(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/22/4), [26(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/26/2)
[^key-3e8563fcf3e616ddc4f63bcea377ace5]: S. 212 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-8477b0996ad3bca72db581a8e06d25f6]: S. 213 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-1ce2c7478e4895207ee3330b9809983d]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/30/2)
[^key-6643a435dc8aae0cda0a979122493390]: S. 170 applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11/5)
[^key-fb6749e2d735c5a5e60930cf17e22f74]: Words in s. 13(2) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/2)
[^key-af7fca1162177e702b6a7af0da46bf07]: S. 13(3)(4) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/3)
[^key-7967e70e20477d6cd12c3991927200e3]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/a)
[^key-1da12f2f668af97c0f6490a0a92a186b]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/b)
[^key-d59760aa83c648612016990a999217c1]: S. 13(7A) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/6)
[^key-11c3adc20a2c860a621c88cb5b994487]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/a)
[^key-9ddb040d9a48b38f09bc74bf2e972ea5]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/b)
[^key-79bffa8080cdcc01d20e3f9a05906c2c]: Words in s. 13(10) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/8)
[^key-c32631451eb950c1367143373a20e1b6]: S. 13(12)-(15) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/9)
[^key-c74d78a5e9fa267d1adb73b09656f6fb]: S. 13(5)(a) repealed (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/4), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-a4a15a2a1eaffca93f210c39b30c5fae]: S. 13(6) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-8da3ef8b6025d803d6c18f0643d5c831]: S. 23(6)(7)(8) substituted for s. 23(6) (with effect in accordance with Sch. 39 para. 3(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/3/2)
[^key-83f81006fb33fd9ed93972a6f121b761]: S. 24(2) substituted (with effect in accordance with Sch. 39 para. 4(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/4/1)
[^key-488fe5085b87ceb59f215589a3270a85]: Words in s. 30(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/46)
[^key-cbc48759440f774289d8dd131718db34]: Word in s. 30(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-ec07292e6f22b241d7b2545bda380840]: Word in s. 30(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-f81a1222549813159fe292ee0749408d]: Words in s. 35(6) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/a)
[^key-6f4703969aabbea209952a05b68cffe2]: S. 35(6)(a)(aa)(b) substituted for s. 35(6)(a)(b) (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/b)
[^key-55ab65e476126c9f33df84e0e1beaaf4]: Words in s. 48 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 48](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/48)
[^key-a72c8ab617058d644ee5f889e44a6839]: S. 49(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/49)
[^key-9ee952b021569fb2f410a7f644ac0a2d]: Words in s. 52(4) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/50), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-7a37f42af1e247d673a4cbcff392f59e]: Word in s. 72(1) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-85b8f571bf32526617f6f27674dcb278]: Word in s. 72(2) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-5864def90635ac5528d4ca78d9ede28e]: Word in s. 72(5) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-b150a0f3d9659a1cbfb792691497a37a]: Word in s. 72(5) repealed (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-bca45aa33916811bb82c560fdefea60e]: S. 72(3)(4) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/3)
[^key-e368f84ae78d613c253a61af8c5b924e]: Words in s. 73(1) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/2)
[^key-f0a191fbbfa7ab9c1f120f66a8b92081]: Word in s. 73(2) repealed (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/3), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-b8d6983c13ea4c86be378b86ea190279]: Words in s. 73(3) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/4)
[^key-0a5db2e303045bac23a80052233d416e]: S. 75 repealed (with effect in accordance with Sch. 39 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-264bb1e81b6883470c83b38b045afca0]: S. 101(1A) inserted (29.4.1996 with effect as specified in s. 140(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/140/1)
[^key-cf3742e8f5dc2223e15972ffa01150da]: S. 108(1)(aa) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 59](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/59) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-dfeb14f650fc3da6a0127259fd1ead33]: S. 108(1)(b) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^M_F_e705a48d-5f69-45e5-d32f-862bd3a20f32]: Words in s. 122(2) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^M_F_69ff9efc-c86b-44a8-a2a4-d95b41ec91ca]: S. 122(3) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-8117f8a2cbee713f8ee83e9c16795392]: S. 116(4A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-e46abdda7e4526e79e58f3e115e23989]: S. 116(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0238d9768c29c9448b2a386aaf0ec0cc]: S. 116(16) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-09f80887a584892ca7f68c192ea2c305]: Words in s. 116(13) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 51](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/51), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-51332cda45ee1e0f390a0348d5f4ebff]: S. 117(A1) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4445705877d6dfda689b55b745095f64]: S. 117(2AA) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-6208ef85e5b3a11569d5184755450339]: S. 117(6B)(6C) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4160cdf335d1d8bf0be150e679f1ba25]: S. 117(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-5a8b939b5c446a0f06a33e567e5ce151]: S. 117(2A) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-82fe9b7c661a6cf35a9c6338c10d0acb]: S. 117(3) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-3bdd901e3a3a4a160381e809c3fc8bac]: S. 117(9)(10) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-67d88c761f083cd045020fc1ea797452]: S. 118 repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-63318c45ad16f4d3c730b30f3aa1c34b]: Words in s. 122(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/3)
[^key-adb557a04aabbc33b6bd08fc8fe80a02]: Words in s. 133(2) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-3aecb868d29ff5185c31fc4997acd039]: S. 133(3) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-10d9c7a43407a376d991e83d6eca5d1f]: Words in s. 133(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/3)
[^key-f8fd198cb5c6c2443349a65ac0c1f550]: Word in s. 144(8)(b) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/a)
[^key-73aec83a5cd277ad985d9a8c273f7037]: Words in s. 146(4)(b) substituted (with effect in accordance with Sch. 38 para. 11(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 11(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/11/1)
[^key-7d71e546784005ac22db77156d61727a]: Words in s. 149A(2) substituted (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/3)
[^key-ac22a06b50565f182c650791ac88402d]: S. 149A(4) repealed (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/4), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-34dc2757e1b3de8fa524a12071174225]: Words in s. 150(10)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-7879b35119bd2c51f7813d4390199570]: Words in s. 150A(9)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-654682e194839ea6764022de0e5c7201]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/a)
[^key-134dc608eb8386cfa945c4b61c17119b]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/b)
[^key-cb32f76dc6ba7775a1e677caf3f9ae10]: S. 153A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/2)
[^key-47ce28bb77bb46fdf483af11988de1ea]: S. 161(3A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/36)
[^key-131976c1455bcf82a2549024e5cdc662]: Words in s. 175(2A) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-74afc1a6cf4065ad71ca3369665570b0]: Words in s. 175(2B) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-44a5292abb3d837261b5220968048d11]: Words in s. 175(2C) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/b)
[^key-70a152bf40380f7b2375eb0f4b5ce21c]: Words in s. 176(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-884e9a5cc8aef91d52991704aa79e69d]: Words in s. 176(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-abbd11b886c535d6a2044b294cfd4302]: Words in s. 176(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/2)
[^key-950412d3a25537a9f7b3f07f8a138b05]: Words in s. 181(1)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 58](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/58), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-eb9b4e638bb252cc5361fcac5bb2ece6]: Words in s. 196(1) substituted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/1)
[^key-fbe683d120a08cf1bc775a55b3cfaee6]: S. 196(1A) inserted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^M_F_f099939c-4484-4c4e-e1a0-010fb3d5e977]: Words in s. 196(2) substituted (with effect in accordance with [s. 181(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^key-45708dab96a777ce3a17035bf95d905e]: S. 222(3) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/2)
[^key-f2abf8e889368e356b1b4596efdea4ca]: S. 222(5)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/a), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-410839c2b4bc890a2b3ce4a1064788bb]: Words in s. 222(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/b), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-a83e44e9a65ecff88b33a66b43c3fc03]: S. 222(6)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-88e2d63501e0c65c75fedd92b517d00b]: Word in s. 222(6) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-e7ea46afb356917bfc5e5a016b225da8]: Words in s. 224(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 60](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/60)
[^key-cf7ec32bd86eb0f5f0d95994990aef4a]: S. 226(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 61](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/61), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-da2d71b200be2747d98d70677fb7d953]: S. 238(4) repealed (with effect in accordance with [s. 112(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-321ce3c781e9a3576b68bea2b05bade6]: Word in s. 241(7) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/62)
[^key-4a71e5ac5d8082f4d84a89eaa0e2674f]: S. 242(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/37)
[^key-6047903028ae3674eb316bafa63e0212]: S. 243(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 38](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/38)
[^key-b87178ef6ec395c8d44d3494d97d7720]: S. 244(3) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/39)
[^key-3a098e1420107172c0a5cd6362e3bcf5]: Words in s. 246 repealed (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/4), [Sch. 41 Pt. V(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/6)
[^key-b043c844d540dabc803041c35cbd8cf4]: Words in s. 247(5)(b) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/5)
[^key-e7ad3b4c4354b638ea16a0b6c49090fd]: S. 247A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/6)
[^key-28231c04197e8a94586c8cb644346ead]: S. 251(7)(8) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/64) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0d3055bb4916225532cbc0f2dce4d9e6]: Words in s. 253(3) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/65) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0e90a3bc2f3c6ab007a5bfee2a160f4f]: S. 253(4A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/40)
[^key-b852007d7d20f950c5a87b8e08b0c9d9]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/a)
[^key-67f37b8aac0e69364885b7476ff822ff]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/b)
[^key-1e311fd43a8bffecbc1c8a620d689325]: S. 253(3A) inserted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/3)
[^key-57b6996f44fdb39d622baaf783c5f17f]: Words in s. 253(4) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/4)
[^key-8a34d451565998448a95265288a1452d]: Word in s. 276(2)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-a910ae81df7c6f3bc7f29c559ae9999b]: Word in s. 276(6) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-27e768c2e8037c3f0d27934610b7d622]: S. 279(5) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/41)
[^key-8824bdafb7f54ea909c9bb23ee519095]: S. 279(1)(b)(c) substituted for s. 279(1)(b) (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/64)
[^key-96f22bd6efdb7fa5f5923b590350ab24]: Words in s. 280 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/65)
[^key-d72e5286e2356534ae642de09e81c5cc]: Word in s. 281(3)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/e)
[^key-3dc0e6817744d137e56d15f8aa901435]: S. 281(5)(a) substituted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/2)
[^key-bbdbb11c80ce0bcd0699d8e89aa78b7f]: Words in s. 281(6) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/3)
[^key-8210b746d546790ac4b57cc45600bd3f]: Words in s. 281(7) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/4)
[^key-ab7abbbeec14bc74557556f802c99437]: S. 288(4) repealed (with effect in accordance with Sch. 41 Pt. VIII(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/3)
[^key-2c7941abd9e7f72eba40a532b875eee6]: Words in Sch. 2 para. 4(11) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/2)
[^key-7fc53d9bf5ad30dd6e8872c05bf95021]: Words in Sch. 2 para. 17(3) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/3)
[^key-0953e051c943f700039c702a72379126]: Words in Sch. 4 para. 9(1)(b) repealed (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 43(a)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/43/a/ii), [Sch. 41 Pt. V(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/11)
[^key-64822ee7a137518af6bb9a3cf11b58c8]: Words in Sch. 5 para. 1(3)(a) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/a)
[^key-fe72e5e39560e354146bd7b945ae9b96]: Words in Sch. 5 para. 1(3)(b) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/b)
[^key-94e1b39f68bc98740284a15738ba7b32]: Words in Sch. 5 para. 1(3) added (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/c)
[^key-bb608531cf9012ce903a682a4dbc6ae7]: Sch. 5 para. 8(10) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-51a83773a672f75b2c16839a4e0b0831]: Words in Sch. 8 para. 3(2) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/2)
[^key-7975383cdb2a5206c35c1c21808dfc81]: Words in Sch. 8 para. 3(3) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/3)
[^key-a155efee9160c829423f220f55cc5f08]: Sch. 8 para. 3(4)(5) substituted for Sch. 8 para. 3(4)-(6) (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/4)
[^key-a4b672eac45f082f9ec786de1a9c662c]: Words in Sch. 8 para. 10(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 67](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/67)
[^key-8ff0c9eb554f6deb9f28dee5217f7c51]: Sch. 9 para. 1A inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/8)
[^key-53900688d4804d74a2924fa0389fe8ed]: Sch. 10 para. 14(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-10c45ae2339c8a2b4abc359020ab8b85]: Sch. 10 para. 14(29) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-cab1bd2981ca9323ee96983a37c14ec4]: Sch. 10 para. 14(57) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-274040fac8fc9577f91dd783053f0be3]: Sch. 10 para. 19(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-d2af9df92f6d53e27aca04a035d7326a]: Sch. 10 para. 22(4) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-39f20c9a2d8c938665a87d805de2cea9]: Word in Sch. 11 para. 7(1)(a) substituted (with effect in accordance with Sch. 38 para. 12(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/12/2)
[^key-eabfa5db8829270e684146e970001f87]: S. 237A inserted (with effect in accordance with s. 112(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/1)
[^key-a3e0eaf523ad5197cad247df2998be00]: S. 171(1) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/2/2) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-3f5cc9c9882028d18e817dc31c07638a]: Sch. 2 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/5) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-8bdc39bdac9b96e454783349019bf3d6]: S. 179 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/6) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-f803d2ac1a5677655c2902d0bdfc6765]: Ss. 127-131 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/a) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-d42cb87d52ac191a8f14b80e75388082]: S. 116 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/b) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-9b3ddcfbaa783a692b5c45b4423e4413]: S. 30 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1)
[^key-0f15f7d65a50e5815451bf49ea6d5443]: S. 30(5) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/3)
[^key-b2f18aac5e3bbb2b3880b119d1654e5d]: S. 23(4)(5) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/3) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-82560af1f75e63558ace0c1d2a55ce27]: S. 219 substituted (1.10.1996) by [The Housing Act 1996 (Consequential Provisions) Order 1996 (S.I. 1996/2325)](https://www.legislation.gov.uk/uksi/1996/2325), [art. 1(2)](https://www.legislation.gov.uk/uksi/1996/2325/article/1/2), [Sch. 2 para. 20(2)](https://www.legislation.gov.uk/uksi/1996/2325/schedule/2/paragraph/20/2)
[^key-b03a22fcf06d05c38162e04651505dbf]: S. 3(2) sum amended (for the year 1997-98) by [The Capital Gains Tax (Annual Exempt Amount) Order 1996 (S.I. 1996/2957)](https://www.legislation.gov.uk/uksi/1996/2957), [art. 2](https://www.legislation.gov.uk/uksi/1996/2957/article/2)
[^key-f08767d1b3623c295ae3b70e40232eb8]: Act modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-ba102739912fdac2e405d7b442fd9c9f]: S. 37 excluded (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3)[(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/4), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-eb4c470f1bb5e4a1d00f594650d043af]: Words in s. 116(2) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/4)
[^key-08d4c9060b7dc650d58ca69f9c11bedc]: Words in s. 132(3)(a) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/a)
[^key-20c6be0c7939196e751b6c08e58a21d9]: S. 132(3)(ia)(ib) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/b)
[^key-91cf669111b35467695316553cb9cb39]: S. 132(4)(5) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/3)
[^key-5098e93cdd617b800fb8d37b1fbcb222]: Words in s. 251(6) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/5)
[^key-664c9c0b31e845fe8c84f129699189c4]: S. 271(9) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/2), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-4d4c884cf99b808b26432c537cc69a0f]: Ss. 263B, 263C inserted (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-9735a95c7c30443768e2053b808fb857]: Words in s. 283(2) substituted (with effect in accordance with s. 92(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/5)
[^key-906bea789a877c8b838b60d121bbfcca]: Sch. 10 para. 14(8) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-66107416e029071699b9827a7a22b8d0]: Sch. 10 para. 14(39) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-f4668620d82d309eec6f40b4bcd707c1]: Sch. 10 para. 14(61) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-8b56dd37c73f85c4b30678732d7a145a]: S. 272 applied by Building Societies Act 1986 (c. 53), s. 102C(3) (as inserted (with effect in accordance with s. 2(2) of the amending Act) by [Building Societies (Distributions) Act 1997 (c. 41)](https://www.legislation.gov.uk/ukpga/1997/41), [s. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/1/1))
[^key-e26f2e078cbc76579aa9daa028f3e382]: S. 99(2)(c) added (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)
[^key-cec938f4faf0a0e09eb61ada58d887fe]: S. 272(5AA)(5AB) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [22(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/22/b)
[^key-b816c7c9b643f251909a2628fcc34d4a]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(a)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/a)
[^key-b4bd0967d01a62c88cd2d5a563af19e0]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/b)
[^key-5ebd611491b3218e254d4fa58429490e]: S. 3(2) sum amended (for the year 1998-99) by [The Capital Gains Tax (Annual Exempt Amount) Order 1998 (S.I. 1998/757)](https://www.legislation.gov.uk/uksi/1998/757), [art. 2](https://www.legislation.gov.uk/uksi/1998/757/article/2)
[^key-b83eda6c2dcd32ee70868720a1184263]: S. 151 extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(7)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/7/b)
[^key-10f027456dfd7b9a777468a7c812ba00]: S. 104(1) restricted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/8/c)
[^key-cf37623b551ba3d892b0b7507d4f3a92]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/5)
[^key-e60eabb2815b7d7e9cd6e52a44508caa]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/4/1)
[^key-5c30ea87fa8f02636763506e5ebacb30]: Sch. 5 para. 8 applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/6)
[^key-688b840e4490cddabe9465b9ce2e6577]: S. 3(5)(5A)(5B)(5C) substituted for s. 3(5) (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/3)
[^key-f6fe080dff0b0df6826f650bd30d3097]: S. 5 repealed (with effect in accordance with s. 120(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(29)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/29)
[^key-058c64c81d09d5651487bea1150bd8f2]: Words in s. 9(3) substituted (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(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/2)
[^key-d192c8e0e25385a7fd7900ee77c7c9d8]: S. 10A 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(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/1)
[^key-4294e0f8b20a4f9d83e9c05abc62490a]: S. 13(11A) inserted (with effect in accordance with s. 122(6)(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 122(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/122/4)
[^key-86438b51ee3bc7b9bf578e8a5e0cc591]: Word in s. 39(1)(2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-306c93810e859f38eace602fdb011024]: Word in s. 41(4)(5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-696ede83f30354a43a44f707df22df48]: S. 62(2A)(2B) inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/5)
[^key-6301ede26ff52f4784ebc0ea559ce41d]: Words in s. 76(1) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/a)
[^key-310e9f702c48c5084463062ab2c288dc]: S. 76(1A)(1B) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/b)[(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/2)
[^key-f1b8513cd8c0fd3d29dc0b5e2a634c83]: S. 76(3) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/c)[(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/3)
[^M_C_633fd138-95d0-4e3b-8045-dadbce6f507f]: S. 86 modified (with effect in accordance with Sch. 23 paras. 1(1), 2(1)(5)(6), 3(1)(4)(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 paras. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/1/2/3), [2(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/2/2), [3(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/3/2/3)
[^key-0e9392a41b53e90e5e0c3449ebf4f226]: Word in s. 88(1)(a) inserted (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/a)
[^key-45afe211c1ddff5ffee875265d049cee]: S. 88(1)(c) and preceding word repealed (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/b), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-cbba2c4a77b1cfb48dd9193d7c50a534]: S. 214C and cross-heading inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/7)
[^key-a141d3556167f8398d2182dbf049855b]: S. 96(9A)(9B) inserted (with effect in accordance with s. 127(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 127(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/3)
[^key-6016b4a0117664af4376644783b9a5ac]: Words in s. 97(1)-(5) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-c0de53c5e1f6d6a7132affdb7f5c3e51]: Words in s. 97(7)(8) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-0112e99caa2e0da794a57a451ab3cc71]: S. 86A inserted (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(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/1)
[^key-0a6c99907e785529597f2324a1dd5f0f]: S. 101(1B) inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/3)
[^key-71b7283be4cf9400c10deb7a84736406]: S. 101B inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/2)
[^key-8e167f5c1f0026dc980511c036b872d1]: S. 101A inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/1)
[^key-4b2e157debafe842187ad51d7dea2a1e]: Words in s. 104(3) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/3)
[^key-d8caf87165bd547e5f5ffdff1a9948d2]: S. 104(4) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/4)
[^key-229c2e7eaa703203d820938d2b9e3b0c]: Words in s. 104(6) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-c34ec802dc7847817ef916696fa36709]: Words in s. 105(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-a4c02851654be37becd39c7fa6d60f50]: S. 105(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-58e7f2aa102c1f8acdacfb167c4704e0]: S. 107(1)(1A)(2) substituted for s. 107(1)(2) (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/3)
[^key-5e7759f21313b48fb0588d083e73fbca]: Words in s. 107 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-3b7029b9493ac37a108caa1f87ec1ca0]: S. 108(A1) inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/4)
[^key-7ff0f2a811892243310774815422f4a1]: Word in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-72f8a5aaa628f5680be6a0fb7a20670a]: Word in s. 108(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-acd5760c0959e86e8b0a61b552d5de28]: Words in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/b)
[^key-66bbdc818031926b72fb4650d4196344]: Words in s. 110 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-842aebaf8bcecd12d832025b67b7eab2]: Words in s. 110(1) substituted (with effect in accordance with s. 125(4)(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/125/1)
[^key-2df9dccf59d97666a0ebaff2b721ef4b]: S. 120(5A)(5B) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/2)
[^key-313c29928f08d78159c5bf32dc4d5c03]: S. 120(8) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/4)
[^key-06422d9c451df6387354f953ec940b13]: S. 149B inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/5)
[^key-4d9d8b56cb199177e618aae78e4ace63]: Words in s. 139(4) inserted (with application in accordance with s. 134(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/1)
[^key-e47bc243e9ec61cf00db99eb42ab4ee5]: Words in s. 150(4)(a) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/a)
[^key-5b2d1c3309fe57c86e520cf93e5ed8f2]: Word in s. 150(4)(a) inserted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/b)
[^key-77c00be9e3670f3829b42b8c4ce57bcd]: Words in s. 150(5) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/2)
[^key-61b42e611550029998785b90f979a678]: Words in s. 150(7) substituted (with effect in accordance with Sch. 13 para. 42(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/3)
[^key-814522af4625aa82409ea11217aa1da7]: Word in s. 150(8) repealed (with effect in accordance with Sch. 13 para. 42(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/4), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-8e51fe7bdd7cf5c7793a226df382a050]: Word in s. 150(8A)(a) repealed (with effect in accordance with Sch. 13 para. 42(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-9417ac70f949e29122a79726d3330b71]: S. 150(8D) inserted (with effect in accordance with Sch. 13 para. 42(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/6)
[^key-f8c5a71976f2b0272ef6807c10990cb6]: S. 150(12) inserted (with effect in accordance with Sch. 13 para. 42(8)(f) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/7)
[^key-8600e284c38b9555b5be99c9840658d6]: Word in s. 150A(1) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-0e581e3263a23384ee30d7d04fb4b70b]: Word in s. 150A(2) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-db4a38f2be9fd387d41eff463e97d986]: Words in s. 150A(4)(a) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/2)
[^key-0b5f8b05268df285c6d712193ba920f0]: Words in s. 150A(5) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/3)
[^key-a56c0d7f9494c814515bccc5db7a911f]: S. 150A(6)(6A) substituted for s. 150A(6) (with effect in accordance with Sch. 13 para. 24(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/4)
[^key-9e266218ec5cb96cda219444b30bf4c2]: Word in s. 150A(8A)(a) repealed (with effect in accordance with Sch. 13 para. 24(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-27be677a57130635b0f0bbdc9fb48e70]: S. 150A(8D) inserted (with effect in accordance with Sch. 13 para. 24(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/6)
[^key-2592eb7341aa57f73a97d722877f2545]: S. 150A(10A) inserted (with effect in accordance with Sch. 13 para. 24(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/7)
[^key-7293445297c737ce098aa2f9741fada8]: Word in s. 150B(1) repealed (with effect in accordance with Sch. 13 para. 25(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 25(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/25/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-de26f86c17c672ef6058edd6be3ed10a]: Word in s. 151B(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-b27b8044094698b96edc6e608d175332]: Word in s. 151B(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-45edb600db4fd7b9ace5d885a76619b4]: S. 156(4) substituted (with effect in accordance with s. 41(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/2) (with [art. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/article/41/4))
[^key-7cba00da19ac37df385cec145f2ff4e3]: Words in s. 157 substituted (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/3)
[^key-e968fa1bc7dc3218e42edd3666c9629b]: S. 163 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/a), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-a52f8acb1d64b9d2b509972c455e850c]: S. 164 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/b), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-5f41f60e59bca3dc07666f432e81b129]: Sch. 6 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2) of, Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/c), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31) (with s. 140(1))
[^key-4b81c00871ee9253121c627a14e2c7bf]: S. 165(8)(a)(aa) substituted for s. 165(8)(a) (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/4)
[^key-bd366962c5cd0fa26cdd28560135ad8f]: Words in s. 165(6) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-61cb07b69343e7159c140997c15cd484]: S. 165(3)(a)(b) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-9eba79feed9fb7c6b9120b6b23500179]: S. 170(9)(cc) inserted (with application in accordance with s. 136(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/1)
[^key-5b8b87ef68668585d7136b0bdc8b6269]: S. 171(2)(cd) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/2)
[^key-13985841fccb45b789fa36423756eb71]: S. 171(5) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/3)
[^key-78930e50c2cd97b52f2d3943016da536]: S. 171(2)(cc) inserted (with application in accordance with s. 135(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/1)
[^key-0ecc444880639bc85cac45e21f7829b4]: S. 179(2C) inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/2)
[^key-feb5e283ee94037c0fbaf60d3b4f97c9]: S. 179(2D) inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/3)
[^key-fbf60d95c5d42af6573244b1a1f9532d]: Words in s. 179(2B)(b) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/a)
[^key-87a473aba36ba7b06c2259d61c3541fc]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/b)
[^key-756eef0255bbf3e223057f2cdc15069c]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/c)
[^key-d0a2e9812f6ade3e45855813efb9b9b3]: Words in s. 213(3) inserted (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/a)
[^key-59def5d760dd43b2b678122928c794d6]: S. 213(3)(ca) substituted for word at end of s. 213(3)(c) (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/b)
[^key-e7a1a6c6f4fd5365ae857b0089504dcf]: S. 177B and cross-heading inserted (with effect in accordance with s. 137(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/1)
[^key-bba9cafde7ac8fa5de0308caf2faa2b6]: S. 241(3)(a) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 62](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/62) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-9c21217cb19842d5a99db20569c1f7f2]: Ss. 254, 255 repealed (with effect in accordance with s. 141(2)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/b), [Sch. 27 Pt. III(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-e6441bbeb1536f5ddd0daa282d343a1f]: Pt. 5 Ch. 1A repealed (with effect in accordance with s. 141(2)(a), Sch. 27 Pt. 3(32) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/a), [Sch. 27 Pt. 3(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-4acf33256950833b00384720a0bec6b0]: S. 258(8A) inserted (with effect in accordance with Sch. 25 para. 9(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 25 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/25/paragraph/9/1)
[^key-d2cc96ed0d5390232815d0df4cce95b1]: S. 258(1) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-dcc966618809f8af4fb8a0a3e2e30373]: S. 260(2)(b)(ii) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-2bb76583cf5566f9c83db58f54e561e9]: Words in s. 260(5) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-4b8eb04c765b463f7235e4d25e8f248d]: Sch. 5 para. 2(3)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/a)
[^key-ae13bbf7a3a0e43ac0aa6191609e948c]: Word in Sch. 5 para. 2(3)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/b)
[^key-d5f8c24556715384465684d3e8c48aa6]: Sch. 5 para. 2(7) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/2)
[^key-d7287cba71aeae2472ebd3f2609ee3fe]: Words in Sch. 5 para. 2(1) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/1)
[^key-0fcbfba3ee8b54cb7c939653a54a6b18]: Sch. 5 para. 2A and cross-heading inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/2)
[^key-42dddb83fabe3ee8c823f1391a8ac98b]: Word in Sch. 5 para. 4(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-bacecf42290bb70f157c26a8ede5fcf6]: Words in Sch. 5 para. 4(4)(b) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/a)
[^key-c4e8d1051b3f557513bd1b06547db329]: Words in Sch. 5 para. 4(4) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/b)
[^key-afa96dcaa701fdc4514792ad91f7ce99]: Word in Sch. 5 para. 5(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-026de06b43c1c81bc6412c1edcf9cbda]: Sch. 5 para. 9(7)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/a) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-accc2c4146206248ad72fb457036e08e]: Word in Sch. 5 para. 9(7)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/b) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-047c2fb6b26414f64afc7804d3f04f67]: Sch. 5 para. 9(11) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/2)
[^key-39681f8486f79affd67a1219bfe22743]: Sch. 5 para. 9(1A)(1B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/1)
[^key-28d2d4374ec027f1702d61de10c205c6]: Sch. 5 para. 9(6A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/3)
[^key-d27531600ce5d03339e03198c0274758]: Sch. 5 para. 9(10A)-(10D) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/4)
[^key-a76759799bcee41425e6868dbde8a06d]: Sch. 5 para. 9(10A)(a) applied (with modifications) (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/3)
[^key-5c705c8538092649543ca0a8db51c771]: Sch. 5 para. 9(2) repealed (for the purpose of determining whether any settlement is a qualifying settlement in the year 1999-00 or any subsequent year of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), s. 132(2), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-7ee9e8eaaee5e3487fc8b9febda66d2b]: Sch. 5 para. 9(8) repealed (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-f8565e066e64b3a4096a354b1fd950d4]: Words in Sch. 5A para. 2(1)(a) substituted (with effect in accordance with s. 131(4) of, Sch. 22 para. 5(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/5/1)
[^key-47acf7650e77aaeac1a6bf36b8830c1f]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/1)
[^key-7208e46bbffb1760470495709d2a61f9]: Sch. 5B para. 1(2)(3) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/2)
[^key-a488163a5cb10a891fcac471ac52ea97]: Sch. 5B para. 1A and cross-heading inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/28)
[^key-68935aa69693842eb72420fea4763c00]: Sch. 5B paras. 7-9 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34)
[^key-38daf46965a8e0deaa7003d2ae4fc0f1]: Sch. 5B paras. 10-15 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/35)
[^key-7a8154554ea3e69a5962ed520c3df0a2]: Sch. 5B paras. 16-19 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/36)
[^key-794008056aefc2c0e29aa4bc60a32a14]: Sch. 5B para. 2(3)(a) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/29)
[^key-2421f2a28cb7bcceece81d566a59e390]: Sch. 5B para. 3(1)(e) and preceding word substituted for Sch. 5B para. 3(1)(e)(f) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/1/b)
[^key-078505e4af771fb733feba6cffb6f530]: Sch. 5B para. 3(2) repealed (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/2), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-373b4fd5ee2577e1ad79b998df404ae3]: Sch. 5B para. 3(6) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/3)
[^key-b67e06031bda8b6f2b29f11e55c98789]: Sch. 5B para. 4(2)-(4C) substituted for Sch. 5B para. 4(2)-(4) (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/1)
[^key-7dddd959cf60bf6257ab5f7959d7e66e]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/2)
[^key-b65ba3f53ed521698a2b41a671503c1d]: Sch. 5B para. 5(1)(c) and preceding word substituted for Sch. 5B para. 5(1)(c)(d) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 32](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/32)
[^key-913ee216537fff03b0122dd35323085c]: Sch. 5B para. 6 and cross-heading substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33)
[^key-d8676cbbf4b1c3f8af860d0a9b37c880]: Sch. 7 para. 8 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-295142c89d6508a587f0e728e8d85e25]: Words in Sch. 8 para. 5(1)(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-e2afc6cf8b8eb1395cf6086a720226a6]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-f84a1ec33aa7d6640f9edc0449465515]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-34ad70684568f86599cd4f4da72e6e26]: Sch. 8 para. 7A substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/5) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-435f05c9dc71029c6ed9bc2fc0e0b302]: Sch. 10 para. 14(15) repealed (with effect in accordance with Sch. 3 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/2)
[^key-41f65cdfbd6d55d70cd59074453f59b5]: S. 101C inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/2)
[^key-f9c045092261d6d9e08ae94dea017baa]: S. 106A inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/1) (with s. 124(8))
[^key-10991ce786151d17bd0d5ba97d3b168a]: S. 142 substituted for ss. 141, 142 (with application in accordance with s. 126(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 126(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/126/1)
[^key-c9715726df2f0cfa77ee85ceffbcc5cf]: Ss. 104-114 modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-916ba176b2d8c336a679b39f7b413d64]: S. 106A modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(3)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-ffcc932369aa9c7db71aa422068348ed]: Ss. 127-131 restricted by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), reg. 27(3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), regs. 1(1), 12)
[^key-933373ac8702f568a41ba91e17963fbe]: Words in s. 218(3) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/78); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7997393349525960704efa2987b06117]: Words in s. 218 heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7a4e502c85426e730ba92096d5704f2d]: Words in s. 219(2) substituted (1.11.1998) by virtue of [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/79); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-62975fb9c0a4757f3a4b20d9de8fa0b4]: Words in s. 218 cross-heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-96e8f6534b9cdc5c76f4338577066d25]: S. 263A(1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14-18](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^key-b619c958d940b7b5a605c838d13b54b2]: S. 263B modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [22(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/22/2)
[^M_C_f69b2a20-491c-411e-af59-0820b8e4abc3]: Pt. IV Ch. II modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), regs. 1, 39
[^M_C_12116e01-a7ca-4236-e993-a4eaae3b0ca7]: Act modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [36-39](https://www.legislation.gov.uk/uksi/1998/3177/regulation/36)
[^key-f621f92efbd623e23536e33d3a075918]: Words in s. 196(5) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-c7e2f434756485f265efc8bb39552b33]: Words in Sch. 3 para. 7(2)(c) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-06f5c90b9a243710276586289090046c]: S. 3(2) sum amended (for the year 1999-2000) by [The Capital Gains Tax (Annual Exempt Amount) Order 1999 (S.I. 1999/591)](https://www.legislation.gov.uk/uksi/1999/591), [art. 2](https://www.legislation.gov.uk/uksi/1999/591/article/2)
[^key-267c3c03005c11d549e2de592099e7e6]: S. 213 modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [11(2)](https://www.legislation.gov.uk/uksi/1999/498/regulation/11/2)
[^key-4debebd141be9e36e89de033f1cc8e32]: Words in s. 155 added (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Fish Quota) Order 1999 (S.I. 1999/564)](https://www.legislation.gov.uk/uksi/1999/564), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/564/article/1/1), [3](https://www.legislation.gov.uk/uksi/1999/564/article/3)
[^key-7b41b1063d85b2c19b112f99600cc435]: S. 106A modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(3)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/3)
[^key-998e95bfbda90e55ce07a546b2811157]: Ss. 127-131 restricted (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(4)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/4)
[^key-5346756a32676df16c7c1c51191705bc]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(7)-(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/7) (as inserted (with effect in accordance with [s. 65(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/7))
[^key-0356d437dd6f52615e9559086dd13b18]: S. 117(2AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-b342e8b1663cbfa82693f97f1524b747]: S. 251(8) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-adc630130ff9d99254eb48b990336aae]: S. 116 modified (with effect in accordance with s. 66(1) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/66/2)
[^key-4093193869c310903fc4ac8b0401dc40]: S. 170 applied (with effect in accordance with s. 81(12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 81(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/81/7)
[^key-e2f809b66583bbe3f676cc2fbc9cd095]: S. 179 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4), [4(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/2)
[^key-ad9e7244d177f2ebc02e60309f723583]: S. 185 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4)
[^key-c42008dae329e95a470c4862d376625e]: Ss. 170-192 restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [4(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/1)
[^key-1e400b2b8bdfb22e5eeef8cb98a8c72c]: S. 71(2)-(2D) substituted for s. 71(2) (with application in accordance with s. 75(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/75/1)
[^key-39999b6afc12dbd0d7698d131d630d2c]: Words in s. 155 inserted (with application in accordance with s. 84(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 84(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/84/1)
[^key-f14d456bfde0decd505afd6ca146a70f]: S. 193 repealed (with effect in accordance with s. 103(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/103/1), [Sch. 20 Pt. IV(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/IV/2)
[^key-c684e9ab8e75c28388859a804dd7fa4f]: Words in s. 222(8)(a) repealed (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/2), [Sch. 20 Pt. III(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/7)
[^key-5b713a4c6e02eefe6a425f163ae487a8]: S. 222(8A)-(8D) inserted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/3)
[^key-34361f8c3051057f901835af5d7c4dd2]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/a)
[^key-b74c126f1f3a95f0a0bcd49e0d0ed516]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/b)
[^key-301240805bfd86bcb0901cbde2dd6285]: Words in Sch. 5B para. 2(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-fb754a0e87e9a020cfec6e64a163bd25]: Words in Sch. 5B para. 2(4) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-af625b8adf62e15e5f20e932122f9b24]: Words in Sch. 5B para. 2(2)(3) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/b)
[^key-b8deab97154bb9e39c9ae4a90c66eda0]: Words in Sch. 5B para. 2(2)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/c)
[^key-e23e197c66b09aff7cbd2ee1a71d89f3]: Words in Sch. 5B para. 3(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-677d8a6a994627a9d3e2e80b426b6bb2]: Words in Sch. 5B para. 3(5)(a)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-5d669765fa68ca84631f448befe09c74]: Words in Sch. 5B para. 4(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-b7f4867d4298e7a7a379ba8ad7cdbbc3]: Words in Sch. 5B para. 4(5) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-937ebd8d4b6f2d2cd3183264500ea8c2]: Sch. 5B para. 4(1)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/1)
[^key-5c0b65b35647963f388566f3f8ec8557]: Sch. 5B para. 4(5)(a) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/2)
[^key-38c7feae5820faa3ae12872dc4700e38]: Sch. 5B para. 4(6)(7) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/3)
[^key-822f1f6ce26dfc9a28cc8af5ee77943b]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(f)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/f)
[^key-9dfe020f6cd27bffcc818b671979f56e]: Words in Sch. 5B para. 5(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(g)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/g)
[^key-281f960c2693476929d9089b0f94dba9]: Words in Sch. 5B para. 6(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(h)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/h)
[^key-0441bf4266c82cac6bb5bdf148906e4c]: Words in Sch. 5B para. 16(1)(2) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(i)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/i)
[^key-5c24d7ed743c629317ebd21adb5c1385]: Words in Sch. 5B para. 19 repealed (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/1), [Sch. 20 Pt. III(18)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/18)
[^key-6aad2189750abbe226abd8cfa31e9b53]: Sch. 5B para. 19(1A)-(1E) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/2)
[^key-00d1233d9ae151b4d3fdbaa5421a57f1]: Ss. 284A, 284B inserted (with effect in accordance with s. 76(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/76/1)
[^key-b7b353e028972a5162af24d7f62a75f6]: S. 271 extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 419(1)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1)[(2)(b)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/2/b), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-9a294e15173b9110db3e08e6697ac85d]: Ss. 170-181 restricted (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/3), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-a7aa36fdad2968d8e9cb739e91bc01e6]: Act modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [Sch. 33 paras. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2), [8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/8); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/ukpga/1999/16/article/2)
[^key-437fd1ce81e679feb310fb9a6527801a]: S. 179 modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 paras. 3](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/3), [9](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/9); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^key-f77ae67f56d365bbb7393cd3eb8ffdaa]: S. 3(2) sum amended (for the year 2000-01) by [The Capital Gains Tax (Annual Exempt Amount) Order 2000 (S.I. 2000/808)](https://www.legislation.gov.uk/uksi/2000/808), [art. 2](https://www.legislation.gov.uk/uksi/2000/808/article/2)
[^key-dc0aaa2dbade19fa4572aecd6c566350]: S. 229(1)(3) excluded (with effect in relation to a disposal of shares, or an interest in shares, made on or after 6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 54](https://www.legislation.gov.uk/ukpga/2000/17/section/54)
[^key-4f906037c4a09e9c151531bf02d9a0b4]: Ss. 127-130 excluded (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 58](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/58)
[^key-dfb349168c5ecdfab9fc8fc9e26c245e]: S. 30 applied (with modifications) (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 71(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/71/3)
[^key-879bb435fa23bd0c6a0c28e445af2fac]: S. 10 extended (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 79(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/79/5)
[^key-09d636324ff6ffc844cee5699f3872d3]: S. 116 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-cfafcb1962aaa9f7b9f086bf460963fc]: S. 127 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-dccfeacff0ca82936b5aa29f3057091a]: S. 116(10) excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/2)
[^key-b51d7d3fe7d45eb0ac1bc7d747400bfb]: Ss. 127-130 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/1)
[^key-4abb60a84cbfbbcb4d15dc7fb0701093]: Ss. 135, 136 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 82](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/82) (with [s. 84](https://www.legislation.gov.uk/ukpga/2000/17/section/84))
[^key-08368daadb478ff18210812f31fa1adf]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 84(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/84/2) (with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/84/1))
[^key-c1f56610099096463cc37c7e7a127c22]: S. 116 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-2b70ecfdb53c2ddf25b34251b94328ea]: Pt. IV Ch. II modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-8a27b6fc0dfd32c7d9cb901fb610a0bc]: Ss. 104-106 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-5ef69125da285adf521eea6f27e9d1ea]: S. 107 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-d840d09ce76a60c94b0cbcb47128a749]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/7)
[^key-365d0973a5276c11a0feb3ffcf4f53d0]: Act applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/1)[(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/2)
[^key-f0c6880dce83b02a9c59b868aa36d8c5]: Ss. 152, 153 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 67](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/67)
[^key-70bb7609c6a60bbbde1f1088902cd1f9]: S. 14(2) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-39606507047dc49a00ecf0ba520fe7f5]: Words in s. 14(3) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-0529da3d432e81a018f63f5df254cf6a]: Words in s. 14(4)(b) repealed (with effect in accordance with Sch. 29 para. 16(5), Sch. 40 Pt. 2(12) Note 2 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ba74702eca2448b93bd5801b6e1b7363]: S. 25(3A) inserted (with effect in accordance with Sch. 29 para. 6(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6eb656edb25408619bb42420f433cd43]: S. 25(4) repealed (with effect in accordance with Sch. 29 para. 6(5), Sch. 40 Pt. 2(12) Note 3 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9012435f82a40b34d55b406f4a3dc178]: S. 41(8) added (with effect in accordance with Sch. 29 para. 12(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/12/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b367c5932e7bdcd90a30aa4f4e6e9611]: Words in s. 85(2) substituted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/2)
[^key-38f95f8347db5f32035ec6f33410842b]: Words in s. 85(5) inserted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/3)
[^key-b083a61ddbabe5dad239163961488efc]: S. 85(10)(11) added (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/4)
[^key-3ed2d26e9f7acfd8f1a66ce6fa24b7b9]: Words in s. 96(1)(2) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/3)
[^key-ba2018bc38cebfc7f0f57f14851bd377]: Words in s. 96(5) omitted (with application in accordance with s. 96(2) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/96/1)
[^key-1c0d6767db2c154b387c6bccce179836]: Words in s. 97(1) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-e265f1a62745ba2564ff92516e8089e5]: Words in s. 97(3)(a) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-b737196adc69a140c034b7be35b9c56b]: Words in s. 97(4) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-c5c1a1cfdc510ceb554657079bb10ee5]: Words in s. 97(7) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-463d4507ff8604b5e9a3ba5b1eed8d7f]: Words in s. 97(5) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/5)
[^key-a9d0b93a91d3c56901ad731e7762273d]: Words in s. 97(8) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/8)
[^key-aa617e491d213808596398f2ddf01d4b]: S. 98(3) added (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/5)
[^key-9922eb951eee72c31d7eaabc99e37a7c]: S. 76A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/1)
[^key-0777a9d9f954dc1caec5597f14f8332f]: S. 76B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/1)
[^key-1dbdd0ff47b72eb8f83ad80bbaae49a4]: Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/2), [Sch. 24](https://www.legislation.gov.uk/ukpga/2000/17/schedule/24)
[^key-0db68eb140b277f1c5da0b5be05cf4d5]: Sch. 4B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/2), [Sch. 25](https://www.legislation.gov.uk/ukpga/2000/17/schedule/25)
[^key-54d05399549147160740abd0441401d1]: Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 Pt. I](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/part/I)
[^key-0aa080b5b119f78b603554bb691dba0a]: Sch. 7C inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/2), [Sch. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/9)
[^key-a98adc2626a437c81d0ef4557743875c]: Words in s. 116(11) substituted (with effect in accordance with Sch. 29 para. 19(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/19/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5758721aea7dc4f32f8835ebb5728612]: S. 139(1)(b) substituted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b4c885c4e227dab88988dcd8df591f85]: S. 139(1A) inserted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d774c2071919a34820f457acca435c70]: Words in s. 140(6)(b) substituted (with effect in accordance with Sch. 29 para. 23(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/23/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5a9b86c4942d2448f99e910386b9d33b]: Words in s. 165(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/1)
[^key-dc88bc011c3dbd19bd44066552633bb1]: Words in s. 165(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-494c5aed6afdc82d2980a7efecc91887]: S. 170(2)(a) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/a), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d7bcf3030e7837b885589c74b7a71e4d]: Words in s. 170(9)(b) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ac7a6296595a344691f97e098b291ce0]: S. 171(1)(1A) substituted for s. 171(1) (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_7c164997-1bb5-4630-b013-2a564d7bd8a6]: Words in s. 171(2)(a) substituted (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), Sch. 29 para. 2(3)(a) (with Sch. 29 para. 46(5))
[^M_F_b0425073-810f-4c54-c8b0-a41f219afb0a]: Words in s. 171(2) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_55adb570-8d97-412d-c2cd-5d972766337f]: Words in s. 171(3) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_c4372e9f-1b89-4081-d106-22ec83a0ca02]: S. 171(6) added (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/5) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8e9440f611be5b37dd5f45582bbf2636]: S. 172 repealed (with effect in accordance with Sch. 29 para. 3(2), Sch. 40 Pt. 2(12) Note 5 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97394912723dc31b561bd08ad4f468c3]: Words in s. 174(4) substituted (with effect in accordance with Sch. 29 para. 13(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/2) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-595c62fa3b89192c365eee9f4b463c01]: S. 174(5) repealed (with effect in accordance with Sch. 29 para. 13(4), Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/3), Sch. 40 Pt. II(12) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_9e25f256-54ff-4544-ed2c-c358092b0bbd]: S. 174(1)-(3) repealed (with effect in accordance with Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97bc5e9a9de9983c4be7cd6aa52f75c2]: Words in s. 175(1) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/2) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-af0bab03b4d5cc2b61e97db4e23fa6fd]: S. 175(1A) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/3) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24af986d15aa54e276e49ba96e5d7e33]: S. 175(2A)(ba) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/4) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-aaa69873045a081b0fc7b15af89d3e48]: S. 175(2AA) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/5) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-62d54c5ad4dc4243fa6aec63771723ce]: S. 175(3) substituted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/6) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_0fcf726e-25fb-4ef2-a86f-c88dc0e0643b]: S. 173 substituted (with effect in accordance with Sch. 29 para. 11(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 11(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/11/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-36a1a766bc5a779e5c503020e8bcbda4]: S. 176(7)(c) and preceding word repealed (with effect in accordance with Sch. 29 para. 24(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/24/1), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-3a8eaf5bbf90e388af1c455a69c571c1]: Words in s. 177(2) substituted (with effect in accordance with Sch. 29 para. 25(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/25/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-706ddd723a8e450228340057d87da481]: S. 178 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/26), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5b18e66015f0f8071e496e23ccb09432]: S. 179(1)(1A) substituted for s. 179(1) (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-a6f7c391b9f4ef7ea9e62a104dd4a606]: Words in s. 179(2A)(b) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8b253f9f359d941766dd20c4cf2ecbb1]: Words in s. 179(2B)-(3) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ca3687450a7392c6c751029280986343]: Words in s. 179(4) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-c0c8689a2758a49856104b842d813106]: Words in s. 179(10)(c) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-349307d5aa5df27fa6eec52e4e3c36bc]: Words in s. 179(13) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-7f683c2558cb51f9ad3251eb1f444feb]: S. 179(11)(12) repealed (with effect in accordance with Sch. 29 para. 4(7), Sch. 40 Pt. II(12) Note 8 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/5), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-92e698b5676c0615a154731d1c973ebd]: S. 180 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/27), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-534ec8026c4b7e7b956ffd2d95b43cc2]: Words in s. 181(1) substituted (with effect in accordance with Sch. 29 para. 28(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/a) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-4363051cdc53597d5ffdcdfb35bce255]: S. 181(5) repealed (with effect in accordance with Sch. 29 para. 28(2), Sch. 40 Pt. II(12) Note 9 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6a1cf12afd7b05a3cc2f592a775e1995]: Words in s. 192(3) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/29) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d221057aa86217906eb5753d3c2e2e9a]: Words in s. 192(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-020f498c97f5213003d25ba2e7d51f3b]: Words in s. 195(2)(3) substituted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/2)
[^key-ff8b212e8b54c12a267e60e49ebcefcd]: Words in s. 195(3) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/3)
[^key-487c6d7c8fb0d181e9df3783d237edea]: S. 195(8) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/4)
[^key-89504cd6537e96ef9e091f3bcfac0a0c]: Words in s. 197(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-2c893a6a6ed3ea2a69179cd3fd9c2437]: S. 211(3) repealed (with effect in accordance with Sch. 29 paras. 5(4), 30(5), Sch. 40 Pt. II(12) Note 10 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 30(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/30/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-db9350ab2ecbb3ee2083749d616a8eaa]: Words in s. 216(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-f6c112bc93394d9857cbd7a3166ac1d6]: Words in s. 216(3)(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-0bed60d27c728e6baaa10af23307719a]: S. 217C(2) substituted (with effect in accordance with Sch. 29 para. 32(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 32(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/32/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24e29ea4b9d1d3c6437db50341f38cb2]: Words in s. 260(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/2)
[^key-901015d1ff5d4e20317ff98e250baca8]: S. 276(8)-(10) substituted for s. 276(8) (with effect in accordance with Sch. 29 para. 35(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 35(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/35/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-beb725a5b16355887a1c6c1daa73058c]: Words in Sch. 4 para. 4(2) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-529d8ad913c573bf2492f0cc520ca465]: Sch. 4 para. 4(3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-578e9b039dd8755adf10546d7697c834]: Sch. 4 para. 9(1)(a) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-8c68af40a1b35ece71f64cfe302a7a1c]: Words in Sch. 5B para. 14(1)(a) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/a)
[^key-ebac49be242cc25921f4cf6f4a8e7172]: Words in Sch. 5B para. 14(1) inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/b)
[^key-944f5cbc542cdf7d828c1b4ac4ef26c7]: Words in Sch. 5B para. 14(3) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/c)
[^key-51fcb0905794dc3375b470d5242d712d]: Sch. 5B para. 14(3)(c) and preceding word inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/d)
[^key-4198af63782345e2fe47cdd12872819c]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 40 Pt. II(5) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/5)
[^key-a09434311d17f9c1b66bd4934fff2018]: Words in Sch. 7 para. 2(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-0e27e39f7e392c350cb53772d96eb5de]: Sch. 10 para. 14(42) repealed (with effect in accordance with Sch. 40 Pt. II(10) Note 1 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/10)
[^key-c0768b7a580dc85c9d5fc714979c0a97]: Sch. 5B para. 14A and cross-heading inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/3)
[^key-746cdc6181e6bc0e6918a24255fe5311]: S. 79A inserted (with application in accordance with s. 93(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 93(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/93/1)
[^key-98995ad42215f1c37e37bb3cfda7409c]: S. 79B inserted (with application in accordance with s. 94(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/94/1)
[^key-b7bf38722d51a41c7da4f50adadd9fab]: S. 190 substituted for ss. 190, 191 (with effect in accordance with Sch. 29 para. 9(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/1) (with [Sch. 29 paras. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/4), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9af20e74f55f104ee62c0dbbd45b8751]: S. 236A and cross-heading inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/1)
[^key-92ee80fbc97ba979b4b5506e167ccd6f]: S. 30 excluded (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/6); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-505eb8b04d4bc232c072ab7eec3d3a01]: Act applied (with modifications) (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/7); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-51297f08efabb57208a92949101ae9bc]: S. 30 excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-4020530bbbacaccd0bdfe8b7aff2559e]: S. 154 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/6/2); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-d25228af38a53143a2c4de59f9837e98]: S. 41(8) modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/1) (with [Sch. 26 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/2)); S.I. 2000/3376, art. 2
[^key-eb4565ff9851983fbf666b6e88d4572f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/1) (with [Sch. 26 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/2)); S.I. 2000/3376, art. 2
[^key-bf3895bf5eeb9822fe0342e96b67ee4f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 31(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/1) (with [Sch. 26 para. 31(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/2)); S.I. 2000/3376, art. 2
[^key-d355d2e4b52dd04cef36f6433e1decf0]: S. 30 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 36](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/36); S.I. 2000/3376, art. 2
[^M_C_f5aa1bb8-132b-4c8c-b1de-2bb4f800b129]: Act modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 7 paras. 2(1)(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/2/1/2), [3](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/4), [20(2)(4)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/20/2/4); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_a4e06366-39aa-4eaa-f6df-d9cb66435c04]: Act modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 26 paras. 9](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/12/2), [26(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/26/2), [33(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/33/2); S.I. 2000/3376, art. 2
[^M_C_be5d6d1c-e180-4c1e-ff4b-83d3914c0c91]: S. 171(1) excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 2(4), 20(5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_1e048622-02c9-48bb-965f-74c9420c3e80]: S. 179 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 8-10; [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_4162b110-f147-42b4-89fe-94a838bb186e]: S. 179 modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 paras. 11](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/11), [20](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/20), [25](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/25), [32](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/32); S.I. 2000/3376, art. 2
[^key-77152080e0640237b0f4afd5e6697f11]: S. 3(2) sum amended (for the year 2001-02) by [The Capital Gains Tax (Annual Exempt Amount) Order 2001 (S.I. 2001/636)](https://www.legislation.gov.uk/uksi/2001/636), [art. 2](https://www.legislation.gov.uk/uksi/2001/636/article/2)
[^key-9ce19b3b1d19aed3cae4b6a18d19d277]: S. 37(2)(a)-(c) substituted for s. 37(2)(a)(b) (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 77](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/77)
[^key-a801471d426d122eec4c104e3cf6c09c]: S. 41(3)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/1)
[^key-58009fe6ec3807e11d143e0171158ea8]: S. 41(4)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/2)
[^key-5aebf84bef7ad2ed22faab00f81d0935]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/a)
[^key-6439d1ad50dd8a09c462efe63139677c]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/b)
[^key-1cadb5592aa9641948a8c26b346f38fa]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/c)
[^key-9634918482d507b6e4fcafc63a1219ec]: S. 195(2)(b)(c) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/1)
[^key-a5af8206d9833e8ba29e5600f8e8949a]: Words in s. 195(3) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/a)
[^key-97e50aac1979b6d259fdd7adf3a6897f]: Words in s. 195(3) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-9102c5876a613cbe8668fb8b16247a66]: Words in s. 195(4) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-86588bc727fe1805b02e1c8c0a44d8e6]: S. 195(4)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-96355777034d753e5ae24081eacd0735]: S. 195(5) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-8f2c0988ab1d710b9f73475a392b3322]: Words in s. 195(6) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/a)
[^key-3940ef085d9249cb561cf4356c4affcc]: Words in s. 195(6)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/b)
[^key-4f1f31bc5161193ab93b47924599105a]: S. 195(6)(b) and preceding word omitted (22.3.2001) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/c)
[^key-158a3e9707cfcd660887dbdeb79e659c]: Words in s. 195(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(6)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/6)
[^key-5afc8c280de2c25536ee22d81949a1c6]: Words in s. 288(1) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c240bf6c68dfe5145ff87e21bb82fe1a]: Words in s. 288(1) inserted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80)
[^key-684fd4ac550167e57ef6955c3fb79ceb]: Words in Sch. 3 para. 7(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 81](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/81)
[^key-47ee1d0b223e6d333bf75c0c73ac5ac6]: Sch. 10 para. 21 repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c8f1fd8b4974cb03ccdaa0f43580e94c]: Sch. 10 para. 1 repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^key-841548613a812a7bad6f43cf1a97b3e6]: S. 156A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(4)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/4), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2
[^key-156ef238444d10c14e264989d94b4c1f]: S. 59A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), ss. 10(3), 19(1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2; s. 59A substituted (retrospectively) (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/2)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-69aa6e2ada66ef4eaf777fead78c33b0]: Words in s. 170(9)(b) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/4)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a11ff3822bc00907a42a5e92fa9af5ea]: S. 271(12) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-9c6dc56f0ee5d020b295b90b885c5efe]: Words in s. 288(1) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-361457e70a35479722f18e56601fc7ea]: S. 169A inserted (with effect in accordance with s. 75(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/3)[(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-093a73e548014117472663c4d4c6e960]: Words in s. 13(4) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d996841b11440f9b5089446d97c628dc]: S. 13(5)(b) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-869a976a60841ce55a980fd6553607bd]: S. 13(5A)(5B) substituted for s. 13(5A) (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^M_F_2e33e0db-02eb-435c-84ae-3a59c52546ce]: S. 13(10B) inserted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-73ba2515fa467a07cefb39aa458dabad]: Words in Sch. 5B para. 3(1)(c)(d) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/29) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-feb7f1ec3beb6ac3acf6dd656418eca9]: Words in Sch. 5B para. 13(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e482aecab4338ebc00d4a5b6ba6c6fa7]: Sch. 5B para. 13(1A)(1B) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a54a60760fe3a3850587a6935ea211fa]: Sch. 5B para. 13(4) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-380d63f4c297301f8cb8fdabddde9399]: Words in Sch. 5B para. 13(10) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1e2cc60efd0f6fe692b32ad40b440512]: Sch. 5B para. 13(12) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-562a908823f419b49767c95189e0458d]: Words in Sch. 5B para. 13(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-cc5eb353c9524cca1c58920d4a4d232a]: Sch. 5B paras. 13A-13C and cross-headings inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 31](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/31) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-f7062c9c0bb811d7f259fd4f40739c4c]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-4d042b80b7a5b82ece661a1bd47e5e0f]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d97849d4d94af88257fa857cefdadbdd]: Words in Sch. 5B para. 14(3)(c) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c10fc30b9b927005813420787c71ee30]: Words in Sch. 5B para. 14(3) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-001a9c1f418118a834dd68d4d0f7c25f]: Words in Sch. 5B para. 14(7) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-6b7cfd188662f14fc142f3efda16b175]: Sch. 5B para. 14AA and cross-heading inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/33) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-23f187ce8e3d8333222af20eb1a481cc]: Sch. 5B para. 14A(2) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-b46b8cbe68cbb79e53c4fd489dfdd901]: Sch. 5B para. 14A(7) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 to the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c7f597880fb7f732075a1f9f5e351ded]: Words in Sch. 5B para. 14A(8)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-263072b55cead0a7dad1aca442974701]: Sch. 5B para. 16(2A) inserted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1c1c73c3ccf5781e497887e6a4621a4e]: Words in Sch. 5B para. 16(3A) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7d2e5bbd652bf39422aac5a988cf7e73]: Words in Sch. 5B para. 16(5) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-579265a7c703132329923e43d409a5d3]: Words in Sch. 5B para. 16(1)(a) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-38258cffbbedf140ee90d6843b83be6e]: Words in Sch. 5B para. 18(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-55e1aa6c9f527eecfaaa2e17c0d35080]: Words in Sch. 5B para. 18(2)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/i) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-8c7ee1660bc6b98e952638f9a67f415e]: Sch. 5B para. 18(2)(ab) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/ii) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-3a9fef01c97dd076fae7b4e108fa306d]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e597a628e65a4e401d8f9236406fb213]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7dd2850421d79e8ba50ee3f0898daf35]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1440a3a04695f50daa2b521308712f49]: Words in s. 99(2)(a) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [62(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/1)
[^key-25e8a3b7f0a79fd4cb7fbcd291acd05b]: Words in s. 102(3) 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(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/2)
[^key-266b7a49336d01452652571cd88e6ed4]: Words in s. 117(11) substituted (with effect in accordance with art. 63(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [63(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/63/1)
[^key-5984996b8a466c2439b51db20ec29d27]: Words in s. 143(3)(a)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-6ee94b58e87a9fa595cfe9652e6677bd]: Words in s. 143(7)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-3ce7746d93d5371050dad63467b5b6b1]: S. 143(8) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/3)
[^key-226738d4580a11836de29d4c54b945ed]: Words in s. 144(8)(c)(i) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/a)
[^key-f83c7ddb6d57bb72e185b29300b2a5c2]: Words in s. 144(8)(c)(iii) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/b)
[^key-7f572db4967db36e2c09c958e78b7e81]: S. 211(1)(1A) substituted (with effect in accordance with art. 66(2) of the amending S.I.) for s. 211(1) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), arts. 1(2)(a), 66(1)
[^key-ff905b5a77ff74b3a9b505fba173ccc3]: Word in s. 213(4) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-9af6ffe4f66e096bdb300cd9c46c5abe]: Word in s. 213(7) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-c46c88f02b012d1c5a9fe2e455519224]: Words in s. 288(1) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [70](https://www.legislation.gov.uk/uksi/2001/3629/article/70)
[^key-020df7f1bedf67fa0fe02ad0cc07c70e]: S. 3(2) sum amended (for the year 2002-03) by [The Capital Gains Tax (Annual Exempt Amount) Order 2002 (S.I. 2002/702)](https://www.legislation.gov.uk/uksi/2002/702), [art. 2](https://www.legislation.gov.uk/uksi/2002/702/article/2)
[^key-e76b49e163a85e50c828c78c2544885a]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93B(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/93B/2) (as inserted (with effect in accordance with Sch. 11 paras. 7, 18 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 77(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/1) (with [s. 77(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/2)))
[^key-cd8f464cd2174ea2ee086d7d037c68e8]: Ss. 127-130 applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 93B(3)(a) (as inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), s. 77(1) (with s. 77(2)))
[^key-0431b5c15b5e9dd486f41e4a2d1f6bc5]: Ss. 135, 136 excluded by Income and Corporation Taxes Act 1988 (c. 1), s. 757 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^key-75b4cfc67de37815f0d3e9af02a3c9bc]: S. 136 applied by Income and Corporation Taxes Act 1988 (c. 1), s. 842 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^key-39ee625ee82c326d41b454a0baacc489]: S. 257 applied (with modifications) (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/b)
[^key-cc714e31f86e2d437b0c4671436304a9]: Act applied (with modifications) (with effect in accordance with s. 58(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/10)
[^key-f5af7a8641a7d09756de892291f27451]: S. 38(1)(c) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(5D)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/5D) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/3))
[^key-92f1235aec000508398d0be1deb842da]: Act applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(10A)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/10A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/6))
[^key-d2c9a0a6f7cecfd0faa728d0a5254068]: S. 170 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/6)
[^key-4dc7421b3f758d3037a9eee78356f17f]: S. 161 applied (with modifications) (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 45(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/45/2)
[^key-25480a887b229cf41079cbfc7dcc3c51]: Act applied (with effect in accordance with s. 83(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 48(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/48/9)
[^key-cd31f620eb723847e7c937545064569a]: S. 136 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/84/1)
[^key-02db92d87ef28ef808cdedbdb1369e0b]: S. 152 modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132)
[^key-1b030ad294a9ee71c6de6ec6eb13ccff]: S. 155 restricted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/5)
[^key-24077e04eb319da45b4f904217d9ca1b]: S. 2(6)-(8) inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/11/paragraph/2/4)
[^key-e4ff1f25259e45edfc99156cce0a0113]: Words in s. 13(5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-2cc28fe9215e71cba9895a78bc5042e3]: S. 40(4) added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/60/2)
[^key-c0cd7da9fd8953868b7e08c6b53c9b45]: Words in s. 62(7) substituted (with application in accordance with s. 52(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 52(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/52/1)
[^key-8940d402f18f73181a4d2d3d4b0716ef]: S. 86(4A) repealed (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/4)
[^key-e1a9eefd232fa7064aea1f767dbf5831]: Words in s. 86A(8) repealed (with effect in accordance with Sch. 11 paras. 7, 8, Sch. 40 Pt. 3(4) Note 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-697efd62fd597485943c6374c5e692d4]: Words in s. 102(3)(b) 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(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/4)
[^key-7a62030f5a377b83031148073b42594d]: Words in s. 117(A1) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-210d2d7c84e6d8d4063f185d7cb68554]: Ss. 117A, 117B repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-ee25ac82a0dfacf2f73ea489d60444fe]: S. 135 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/1)
[^key-160cc913f3fcb8eb01b51d23d73ae0b4]: S. 136 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/2)
[^key-5d42dfb3da7a9bae76e60562ac245a54]: Words in s. 137(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/a)
[^key-08d399bec88a5a40d4b9338f5589daaa]: Words in s. 137(6) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/b)
[^key-ceedb53a1b8d8fab6f4f582986976c19]: Words in s. 138(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/6)
[^key-2c0948d82181d51c23d8fcf0b8b4b80e]: S. 139(9) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/7)
[^key-783168562bbfe72cda72fc4829e9710e]: Words in s. 139(1)(a) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-4fb6f2e22e9ef0b747521c2ed85ae28e]: Words in s. 139(5) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a9c57a27a11aa6f0b03cb6150f46f479]: Words in s. 139 heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-15937c49ed846839590ee01ef690be89]: Words in s. 135 cross-heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a82922811f6adffb9b268901d6a7e054]: Words in s. 147(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/a)
[^key-30dbf8d02c019683751d0229b5c10e38]: Words in s. 147(2) inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/b)
[^key-557378177e7b2919a4cb9f1a8d72a5c8]: S. 151B(8)(c) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/9)
[^key-a9602fe993018e2520c0217f3b65d458]: Words in s. 161(3A) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-0e1ace38c1b3732d7680157aecc69d0c]: Words in s. 171(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/10)
[^key-38da6a7df083d184e3c5aee6370f82b0]: Word in s. 179(4) substituted (with effect in accordance with s. 44(3)(5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/2)
[^key-ac4d3e5079ddf5e08f09f05a21c61bfe]: Words in s. 241(3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/2)
[^key-8625ef42e2f480646c99126f82f4eecc]: S. 241(3A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/3)
[^key-eadfcb86e9057fd6b52235ff95ad0bd0]: Words in s. 241(4) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/4)
[^key-ec9ab21cdf114307cf7224336739696b]: Words in s. 251(2) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/a)
[^key-2e314370e864a078241595831920ec9b]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/i)
[^key-4ba663c8dd934811c86989f8b45c5d44]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/ii)
[^key-d47f72925d6fb2e061fefc4f0d7c1123]: Words in s. 251(6)(b) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/c)
[^key-7965bbcdf40e392744a9e57d383015d2]: Words in s. 288(1) inserted (with effect in accordance with s. 103(6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/3)
[^key-901449d6123a3a7dedb937de4feb12fb]: Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3)
[^key-39c6fea00fb9c0d687377d75ea84525d]: Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1)
[^key-8fd0a71e4f4e94f156352db4bf9c4657]: Sch. 7AD inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/2), [Sch. 31](https://www.legislation.gov.uk/ukpga/2002/23/schedule/31)
[^key-387b5e61a4dd333cbabbc2d90f09c7b6]: Ss. 105A, 105B inserted (with effect in accordance with s. 50(2)-(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 50(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/50/1)
[^key-a6fcc18d9a3ea87b0bce65e4a1f139d4]: S. 192A and cross-heading inserted (with application in accordance with s. 44(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/44/1)
[^key-89e5fa656ea5b9c8e7be5df203334789]: S. 162A inserted (with application in accordance with s. 49(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/49/1)
[^key-c4eabc009f23f14148c80483699a5e7b]: S. 211A inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/1)
[^M_C_40f54108-3130-4fd8-d62c-7ea76ad8480a]: Act applied (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 130(3)-(5)(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/130/3), [131(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/131/5)
[^M_C_4706c006-7b55-4fb2-d11f-99f9c51f4987]: S. 153 modified (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/2/3)
[^key-6ba9e1ca320836df0b0dc69957025a14]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/4/1) (with [regs. 6](https://www.legislation.gov.uk/uksi/2002/1970/regulation/6), [8](https://www.legislation.gov.uk/uksi/2002/1970/regulation/8))
[^key-e81709789d439da341c6e7ff690dffb6]: S. 116(10)(a) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/9/4/a)
[^key-d1a12cd45edb7a873b965698b921af35]: Act applied (with modifications) (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 3-8](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (with [regs. 20-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)) (as amended (8.8.1997) by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1715/regulation/1), [3-5](https://www.legislation.gov.uk/uksi/1997/1715/regulation/3); (1.10.2002) [S.I. 2002/1973](https://www.legislation.gov.uk/uksi/2002/1973), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2002/1973/regulation/1/2), [2](https://www.legislation.gov.uk/uksi/2002/1973/regulation/2))
[^key-cdf03635d31ed06c1adc9bae7bdcff61]: Sch. 7AC para. 17 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 50A](https://www.legislation.gov.uk/uksi/1997/473/regulation/50A) (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/23/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2003/23/regulation/9))
[^key-b962009c6ecb69de37ef17a106f992a4]: Sch. 7AD para. 10 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), reg. 50B (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), regs. 1(1), 9)
[^key-5cf693cc4bfe4678168deb8a07996460]: S. 3(2) sum amended (for the year 2003-04) by [The Capital Gains Tax (Annual Exempt Amount) Order 2003 (S.I. 2003/842)](https://www.legislation.gov.uk/uksi/2003/842), [art. 2](https://www.legislation.gov.uk/uksi/2003/842/article/2)
[^key-50ae57ecc6ecb658d4d5750927018241]: S. 127 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 462(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/462/2), [723](https://www.legislation.gov.uk/ukpga/2003/1/section/723) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-7b26f0dee25f1f5a40f60534a7e7d5d4]: Ss. 127-130 excluded (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/88) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-db5dba6640993c156a369f28aba20cb7]: S. 120(1)-(1B) substituted for s. 120(1) (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-57029a2f948110ef92c0215bbfe1f117]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-3e2ed47d355d7ba79eff32c3f4c3246c]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0160a5e417aa300901b3f8e2391bf004]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40c39ce27da23b4710080d49f0ce91de]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0a20d377f232377f6983a1767e591ba1]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6656e72a15b058753d9510cbaf6e607]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-671749eac4ecaa5178116f146f8e03f7]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6eabad5ec5475cb4d5a434c04306adfd]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-2b3878fd0d36db8f985655137f3b9eac]: S. 120(6) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6a8d7e453bc4885c90f9d96a0f99b7a4]: S. 120(7) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(8)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/8) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ff29ad68669c3781715e194b25505e2e]: S. 120(7A) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(9)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/9) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f5168845a225c7622bb5cfa42be88bba]: Words in s. 120(8) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ba907acfe1c87b825debde4aa2e4ecf2]: Words in s. 149B(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6009d18aa000012c5e45c3b8c1f3be4d]: Words in s. 149B(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-bf8b95b2001b67db4197678a3444ebff]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40b5ab03f1e07bf89d97da4033b65132]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4be73c9f9a0908d42ff9fd9535b5c966]: S. 149C inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 212](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/212) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8c1a0338f772720ca519879fbd7ad84d]: Words in s. 222(8D)(b) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 213](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/213) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-18b6859b5ae9b97b8c90ea48341a9895]: Words in s. 236A substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-842b875d227bbf33cf1b2c606461b1ad]: Words in s. 236A cross-heading substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8d49e2acc095020bcabec29d93debf6a]: Words in s. 238(2)(a) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 215](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/215) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-d070df742694a5b288f4493209b27b35]: S. 238A inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 216](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/216) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-135d87a683b4be3a0f15730d68bf0d5b]: S. 263ZA inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 217](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/217) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ad60b8e43028b82215a842c7fb709cf1]: S. 271(1)(c) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 218](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/218) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-dae33be935f17c8e2a45e6965ac7de46]: Words in s. 288(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-c7602cb2301bbdd5bd62b552bb3c9b2d]: Words in s. 288(1) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4416e6edea6a9ae7d03c219e3a127deb]: Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ef7bcf58594695dc8de91c7c9736ebb1]: Words in Sch. 7C para. 2(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-510ee43206fb68f4ca7c012760b63a73]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-cc3ff7650cce19a91be227afd23d8089]: Word in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-a7c453f16449189a376f4df5ead8ac8a]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/iii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-80939251133e89f592dfcc5b102a855d]: Words in Sch. 7C para. 2(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6872f385089528a4af8c79e5b329e0f]: Sch. 7D inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 221](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/221) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ea38ffda46c5556d9799c98124362698]: Sch. 10 para. 14(9)-(12) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-980f1b9474718c9d8437dd664d00b518]: Sch. 10 para. 16(3)-(5) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-13ef0646681e9edb73a87af95105b276]: Sch. 7D Pt. 1 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ae77864865bcf89d972cc196de1da8ec]: S. 25(2)(3)(5) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-8c5a31630b1819e2ac25a612ea205102]: S. 80(4)(a)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-4036624bea22c9a9d3c7f493d07fcda2]: S. 80(7)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-901a9e752c57fc4ff13a88aed7b51a6f]: S. 199(2)(4) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-0f31930fce682615b884ce6b6fa9bd09]: S. 276(7) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-2dd636877e483cf6c39ab231e533ecfa]: S. 3(6) repealed (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/2), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-fc13395dd9770fb7ab9192d024316b92]: Words in s. 3(7) substituted (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/3)
[^key-dd832ebe106133faf8b5179023fea6c2]: S. 3A inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/1)
[^key-61ded793559399087edab9acb44f402b]: S. 10(3) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/a), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-b2bdc1a0dea008d5cfe42940e7fe672f]: Words in s. 10(4) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/b), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-31d2e3cfd8cf3ed62d51b2ff2cecf009]: Word in s. 13(5)(d) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-54f6fcb81eebeebbbc6652f24714f25c]: Word in s. 25(7)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-57f8c4330f6ecdec1f6b2cd2e6030ee8]: S. 10B inserted (with effect in accordance with s. 149(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/4)
[^key-822f44d04b63ce2db7a25bc1b3727317]: Words in s. 38(2) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/5)
[^key-e3548879b99379debb2c70e1f0832cb3]: S. 85A substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 163(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-ece6416ba5ec7e0c0cdc15b985c8a3b3]: S. 120(9) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 51](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/51)
[^key-bab1cbb282fec102852beda14ef03bc5]: S. 119A inserted (with effect in accordance with Sch. 22 para. 50(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 50(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/50/1)
[^key-932763e2467d5d6f333e428b6818f6eb]: Word in s. 138A(2)(a) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/a)
[^key-35db4837acb78e3b1fe72f1f23764576]: S. 138A(2)(c) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-5ecc29a92e8eaaf3691b4e4033cd171d]: S. 138A(2A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/3)
[^key-e2583367034a12e0f60216e235167dfb]: Word in s. 138A(4)(c) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/a)
[^key-74bc1f20717db86841f18a4beda13d3b]: S. 138A(4)(e) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-8fca7632d776c7cb63bc4ce6b5999584]: Words in s. 138A(4) substituted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(c)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/c)
[^key-f97f33d2afbac9b5f0b0398949e300b2]: S. 138A(4A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/5)
[^key-dac9200349e48e522337be72d3eae51d]: Word in s. 139(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-576fe1ba900e19453c8830f1dd313253]: Words in s. 140(1) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-1d9861395679f45f186fc2559475f893]: Word in s. 140A(2) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-28e78a2374c22132025dc07bc79b0bea]: Words in s. 140C(1)(a) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-54169eacbc836476e73e59fb7a11e3cb]: S. 149B(5)(6) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 53](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/53)
[^key-f864b9b1fe43430835bb549abb49ce77]: S. 149AA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 52(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/52/1)
[^key-8a8b4103533314f07d734e946cd63a1c]: Word in s. 159(4)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-5e451c679431bc6aa00d18df98d68c4a]: Word in s. 171(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-dcd8673f881197584f2ae03ad4640008]: Words in s. 173(3)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-0bd6778d9f1ecf9c247095674e0f4e8b]: Words in s. 175(1A)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-68c10bd0ee425c18a5c494dcd520449e]: Word in s. 175(2AA) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-0c99ef42578557bdfad057bfec807e06]: Words in s. 185(4) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-c87f0243b262d832fa135a498f89fab8]: Word in s. 190(2)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-87a7140aabdb5be62bde8209232c83da]: Word in s. 190(3)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-c9a97be4e642aababf8748839fed23bb]: Word in s. 199(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-9b72754a97d51168d259355079b39aa4]: S. 210 substituted (with effect in accordance with s. 157(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 157(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/157/1)
[^key-c6764ad2d0457d5ba743b28798e76aa1]: S. 211(1A) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-28056ea40ba487d517dad1eeed295104]: Words in s. 213(3) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/a)
[^key-58de0964f2cac07a90cdc95fcdc4fac3]: Words in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-ea7c7c82c752ea97ed8725fb94c709cc]: Word in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-6b61555356a3f7257e640d2de52471ec]: Words in s. 213(3)(c) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/c)
[^key-5385a2899bd21d070e744b26fc9737a7]: Words in s. 213(3)(ca) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(d)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/d)
[^key-3a3fcb5b6f2ee20053829536917b479b]: S. 213(3A) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e12ae8862f1f1ddc5e3c25af14971e13]: S. 213(3B) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e4110619fb7a7a82fd0cdb34c8658ede]: S. 213(4A)(5) substituted for s. 213(5) (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/4)
[^key-989ee3fbb5839ee27bf68617042872b4]: S. 213(8A)-(8I) inserted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/5)
[^key-524a8efc7c4976487971177ede893ed7]: Words in s. 213(5A) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-9926c8b787beb0d47ca037716cb4267a]: Word in s. 228(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-e3acbaa7e34ae60d1dbcae11000a144b]: S. 288(1A) inserted (with effect in accordance with Sch. 22 para. 54(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/54/1)
[^key-5a4b4d91c82cf302de8b431833068272]: Words in Sch. 1 heading inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/1)
[^key-e25068e5ab02e64e673f99364f9a6adf]: Sch. 1 para. 1(5A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/2)
[^key-1153f62323816faed5bb4bd4ab1374b1]: Words in Sch. 1 para. 1(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/a)
[^key-ec450e161239ef81d68078e84fdb1640]: Words in Sch. 1 para. 1(3) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/a)
[^key-0f64f6bec7110a74b473750b52fffb4d]: Sch. 1 para. 2(6A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/3)
[^key-fd03cc959dc623daab9ce5207fc403fe]: Words in Sch. 1 para. 2(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/2)
[^key-131156ef4d47b3bee435c5df2466422c]: Words in Sch. 1 para. 2(2) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/b)
[^key-61c42c681b65a50413ffbec3a3e1458b]: Sch. 1 para. 2(3) repealed (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/5), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-25ba63cc7aea133ab056990e37844068]: Words in Sch. 4C para. 10(1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-a2356edd917706063b4f64a695b0941d]: Sch. 4C para. 13A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/4) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-c45b7a40aaf6886a970eae9d1674a260]: Sch. 4C para. 12A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-63c67a223b9d662190d9ba11fe39e275]: Sch. 4C paras. 8, 8A-8C, 9 and cross-headings substituted for Sch. 4C paras. 8, 9 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-e16035ac98e0c4fbbe1bcba5f6302a60]: Sch. 4C paras. 7A, 7B and cross-headings inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/3) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-7cbe9054f1eb781fadd4125a00a2a989]: Sch. 4C para. 1 and cross-heading substituted for Sch. 4C paras. 1, 2 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-0109d6172370940de20a623008aee19f]: Words in Sch. 7AD para. 10(1) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-c6ff3122034b179d60ce5de77535a069]: S. 144ZA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 158(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/1) (with [s. 158(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/2))
[^key-5a9451e6f1f141be526fc4af929e24ff]: Ss. 279A-279D inserted (with effect in accordance with s. 162(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 162(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/162/1)
[^key-d5674cfa191dae64e41a647dc0cf7414]: S. 210A inserted (with effect in accordance with Sch. 33 para. 14(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/14/1)
[^key-0b226ac7db1f29eac80f01aa5cf850ec]: S. 210B inserted (with effect in accordance with Sch. 33 para. 15(2)(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 15(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/15/1)
[^key-fb2a656b2164b57927129ac71131d0d5]: S. 211ZA inserted (with effect in accordance with Sch. 33 para. 21(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 21(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/21/1)
[^key-ce558e635b803e5b07323c27c2ca55ac]: Sch. 10 para. 7 repealed (25.7.2003 for specified purposes, 29.12.2003 in so far as not already in force) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1) Note 1 (with [Sch. 18](https://www.legislation.gov.uk/ukpga/2003/21/schedule/18)); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3](https://www.legislation.gov.uk/uksi/2003/1900/article/3)) (as amended by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), art. 1(3)); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^key-599dd914c49cfcb7983c1f95fe70f4d7]: S. 3 excluded (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/2/b)
[^key-92382b2694f4854d42cfa48be3f2cdd6]: S. 283(2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/3)[(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/6)
[^key-525c0f816a71b523ce4bf9a5712b100a]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/2)[(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/10)
[^key-44f5af9566db25e7c697933d1c4088b9]: S. 8(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/3)
[^key-08b4a597b8622f211aebd01f4d6cd041]: S. 37(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/a)
[^key-ce208a2c9cec0498726b45259f53c832]: S. 39(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/b)
[^key-295060c298c1a6eb2c56d3497b761b43]: S. 272 applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-067e7c6966779cc5c5d80a2d042411cc]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 23 para. 10(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/23/paragraph/10/4)
[^key-b6e48f12aa3c271cfa5f924330ac4384]: Act construed as one with [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A para. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/5/3) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^key-d43032c1e623e9480dd6cce4a9de4eb5]: Act modified by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) (as inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)))
[^key-5025d143d72aee63e94dfd5f9668f4cc]: Act modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/5) (with [s. 283(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/5), [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-f7c964fb962ba8987405a78c4a0af6c8]: Words in s. 99(2) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/a)
[^key-99c9ab6e0c68909ede7b3038ff4edb4e]: S. 99(2)(aa)(b) substituted for s. 99(2)(b) (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/b)
[^key-c8561e741ed2918b0c06771dd3ef206d]: S. 99A inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/3)
[^key-64a996dc6ce27b2ae8ca596915e55760]: S. 151A(3) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/4), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-6e3d1c3cccf51e0a2daef61136c13bd8]: Sch. 5C repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/5), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a1967a586fd0d0a0af3b3a7bda2b3f5b]: Words in s. 165(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/2)
[^key-e0d35904ea17c5ee6599d60b834ca36f]: S. 165(3)(ba) inserted (with effect in accordance with Sch. 21 para. 10(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/3)
[^key-efda674734412c9233d46d47cd9078f7]: Words in s. 165(10) substituted (with effect in accordance with Sch. 21 para. 10(7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/5)
[^key-adb2b1c19ff0a47f1655fe768c24f89f]: Ss. 169B-169G 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. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/4)
[^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-4c1f82b7f6014e166be1e8164c347662]: S. 263D inserted (with effect in accordance with Sch. 24 para. 3(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/1)
[^key-509d6d8ec331c00bb43c35c89a922373]: S. 170 applied (with modifications) (1.8.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 307(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/307/4), [319(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/319/2) (with [s. 314](https://www.legislation.gov.uk/ukpga/2004/12/section/314))
[^key-12acdb83b647a4959ce13cb949fbd6d5]: S. 119A(5) substituted (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/2) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-a57704fc86e97d242a4fd456db296c21]: S. 119A(8) repealed (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/3), [Sch. 42 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/10) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-bc5b8d3625cf52f95bc0f14906249ecb]: S. 100(1) modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2199/regulation/5)
[^key-d245461398d44cb74a29fe396184e1af]: S. 151A modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-26be231b8b9a62ecbf656f497ef42ecf]: S. 151B modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-5e5dddca1c84496d0f3ec914f39f2c23]: S. 171(2)(cc) excluded (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(2)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/2)
[^key-edd798ebc06ebc67373617f774b159b7]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [reg. 7](https://www.legislation.gov.uk/uksi/2004/2200/regulation/7)
[^key-3044050c997fd5eb9175b95129037552]: S. 37(4) repealed (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 (S.I. 2004/2310)](https://www.legislation.gov.uk/uksi/2004/2310), [art. 1(2)](https://www.legislation.gov.uk/uksi/2004/2310/article/1/2), [Sch. para. 48(2)](https://www.legislation.gov.uk/uksi/2004/2310/schedule/paragraph/48/2)
[^key-a4f9dde5617633a2bd51391b7dae328a]: S. 38(1)(a)(b) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/4/2) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-529ebbdf869391f68aa849367199feff]: S. 179 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 5](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/5), [19](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/19) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-0f39dc0b3c88d267660b5d10950d507f]: Ss. 170-181 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 35(a)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/35/a) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^M_C_522024b7-6d9c-4cd7-b4c6-d244d6208f0a]: Act modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 6](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/6), [20](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/20), [28](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/28), [32](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/32) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-86a253ed285558ac590be6a0768ea6b6]: S. 271(1)(a)(i)(ia) substituted for s. 271(1)(a)(i) (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-5b3e92c93edf76b358dab0ac48ce3544]: Words in s. 271(1)(a)(ii) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-b57d2798727e7d26cb27608aa3434c13]: Words in s. 288(1) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(3)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/3) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-9a6fea55112edf10076898907dabfd43]: S. 3(2) sum amended (for the year 2005-06) by [The Capital Gains Tax (Annual Exempt Amount) Order 2005 (S.I. 2005/721)](https://www.legislation.gov.uk/uksi/2005/721), [art. 2](https://www.legislation.gov.uk/uksi/2005/721/article/2)
[^key-fcd2b3a02bb3d3969efa1d11d26e851e]: Words in s. 155 inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Single Payment Scheme) Order 2005 (S.I. 2005/409)](https://www.legislation.gov.uk/uksi/2005/409), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2005/409/article/1/1), [2](https://www.legislation.gov.uk/uksi/2005/409/article/2)
[^key-e5d3a9bb68669551e3c9c2e64f651241]: S. 143(5)(6) applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2442d9310cb62d569e7380e03ef63a95]: S. 144 applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b1895d4f3cb9c833affccd4e4cba7f0e]: S. 144A applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-eabed56e6ae6444a15260b7e5616ee8b]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-841a4ffb78e6551cfe2feb4e60625fe2]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-8ff4773e340ccbaa02ce74db1d2ab1e3]: S. 59(1) renumbered (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6c2dc8d310b30605ba524d97bf871cee]: S. 59(2)(3) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-621c9572b8f9bddcf34d8189bd78b6db]: S. 59(4) inserted (retrospective to 6.4.2005) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/2)[(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/4)
[^key-e2b2c1440600f95aac686de5300dd607]: Words in s. 117(2AA) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-0bb2c6875129ef7c869f075d269803d1]: Words in s. 117(6C) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7e3957c2a3313e0abecfe7df4109a563]: Words in s. 142(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-08cd2cac452caf067b175f7bb77709f8]: Words in s. 142(3) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-5ef5d4c18fb64fbb7084ffc91ac978b4]: S. 151(2) substituted for s. 151(2)(2A) (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 436](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/436) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-c5d094c22fdf2288cf6285bfd3abd17f]: Ss. 148A-148C 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. 435](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/435) (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-6de12dbe09d640159316c45acbcb4192]: Words in s. 10A(3)(a) substituted (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/2/a)
[^key-3ca2f4d6a3e4d97624560b9ff7721e1e]: Word in s. 10A(3)(d) inserted (with effect in accordance with s. 32(8) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/2/b)
[^key-62151e143c81851fb7b45182eab5a774]: Words in s. 10A(8) inserted (with effect in accordance with s. 32(9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/3)
[^key-49c3f1ab36b4c7de5d58426bc12221c1]: S. 10A(9)(9A)(9B) substituted for s. 10A(9) (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/4)
[^key-f5db0953078c9c7a0fe6e84c8e3087e1]: S. 10A(9C) inserted (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/5)
[^key-5d479536bb009f1d17be9da432b9f737]: S. 10A(10) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/6), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/4)
[^key-3dd3fe0309353a07ca5f6cb1c0da3817]: Words in s. 16(3) inserted (with effect in accordance with Sch. 4 para. 10(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/7/2)
[^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-f9950fc2355051be158551b26479b9cc]: S. 100(2A)(2B) inserted (with effect in accordance with s. 20(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/20/2)
[^key-a1796becb93c1250449326d69524ab57]: S. 105A(1)(b)(i)(ii) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/3/2)
[^key-5cca57ab5aa88acf3d0a826ae8931406]: Words in s. 116(8A) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/a)
[^key-49ca15cfa608caf229c7211e8db713a5]: Words in s. 116(8A) substituted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/b)
[^key-c5a1a919da8e74aba71426d317c10b30]: S. 116(8B) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/2)
[^key-2565707dbfb63459cefc2e730f8c99a8]: Word in s. 116(11) inserted (with effect in accordance with s. 64(5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 64(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/64/1)
[^key-4733dfd912cf7fd144b8abfdde89baa6]: Words in s. 140A(1)(b) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/3/a)
[^key-a43e89b6a20288598d282590d22991e4]: Words in s. 140C(1)(c) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(4)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/4/a)
[^key-5ab47b611e0816a0851cc18f3ae4fbd3]: Words in s. 144ZA(1) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/2)
[^key-64017824727c00fc93701b588c09f934]: Words in s. 144ZA(4) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/3)
[^key-d70ea01d770ffb20faf5a7c26c89a921]: S. 144ZA(4A) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/4)
[^key-d527ae5c5ed9958a55a2b8f83196c1a6]: S. 144ZA(5) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/5)
[^key-b7c0de1881827f5f517a0ea996a748b2]: Ss. 144ZB-144ZD inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/2)
[^key-ad7cada7cd3778f17effd8f211dd1a22]: S. 149A(1)(b) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/2)
[^key-0646e5b2b6a0e7fd33ed513711164cca]: Words in s. 149A(1)(c) inserted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/3)
[^key-823b40ec3f1ed54423cb5647627a1a9c]: S. 149A heading substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/4)
[^key-5cfea012226951a01cba80768c0d7401]: S. 170(10A) inserted (with effect in accordance with s. 62(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/62/1)
[^key-c035ee62a52f0193ea72ffeea707bfda]: Words in s. 265(3) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/3/2)
[^key-362c51805548887cd44d0b80df8842cc]: S. 275 renumbered as s. 275(1) (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/2)
[^key-c63ccce3c1e7ae2690f829249297d6ff]: Word in s. 275(1)(d) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/3)
[^key-2c63842a1ed9a66a136bd5e4cccd42ba]: S. 275(1)(da) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/4)
[^key-8039f6b7f284108923c32a45f2aaa694]: Words in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/a)
[^key-16eb3f64969ff057109eefac86e01107]: Word in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/b)
[^key-ca283f262447dc943c3ec22495e9af82]: S. 275(1)(h) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/6)
[^key-bd2b7f9c7a8572c730aeb81f041b9bc3]: S. 275(1)(j) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/7)
[^key-78b102eab09cbaa7883ac403b0582438]: S. 275(2)-(4) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/8)
[^key-4b6745ca38d624c1f9e4ec3176eb8032]: Ss. 275A, 275B inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/5)
[^key-c4b83573f9036874ac3fd5fd4a0c460e]: S. 275C inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/6)
[^key-60c8a8eea6ac548ef638ad7e087256fb]: Words in s. 288(1A) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/5/2)
[^key-d2361cee248d4ea86e45bc7800cf1036]: Words in Sch. 7A para. 1(6)(a) inserted (with effect in accordance with s. 65(6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 65(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/65/4)
[^key-0565aab54ce0e40600e05dac621f4ce4]: Words in Sch. 7AC para. 3(2)(c)(ii) substituted (with effect in accordance with Sch. 4 para. 10(4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/9/2)
[^key-1f0737df0491bb7a93c10a2aa4987077]: S. 83A inserted (with effect in accordance with s. 33(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/33/1)
[^key-dd7432083ee709cccc5bd862aaecaa49]: S. 99B inserted (with effect in accordance with s. 21(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 21(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/21/1)
[^key-52033632b5fba14d5e81f6ef779e5431]: S. 151D inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/8)
[^key-1544edc4772c7d1a7ac35459dd3cf291]: S. 17 restricted (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 25](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/25); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-6b04df41ccd957c46b3c6a60fbbfd334]: S. 179 modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 26](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/26); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-f683185a0139b72384d80c8e977298cc]: Act modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 27](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/27); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-955a3d40f92e35ed3f452578c70d0325]: S. 30 modified (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 31](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/31); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-01048abcc8a96dd22190ef9d4907f525]: S. 35(3)(d)(xvi) inserted (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 33](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/33); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-221460fe4023a300f30d282333e7a0ff]: S. 210B modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [35](https://www.legislation.gov.uk/uksi/2005/2014/regulation/35)
[^key-4f6a06ab8801d3d8d2b0ae6798cf6e89]: S. 211ZA modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [36](https://www.legislation.gov.uk/uksi/2005/2014/regulation/36)
[^key-0d8e9a39fd72e414b8c7e1292d600534]: S. 213(1A) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [38](https://www.legislation.gov.uk/uksi/2005/2014/regulation/38)
[^key-c0db2346a8d15d94b571cc6408902047]: Words in s. 3A(3)(b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [106](https://www.legislation.gov.uk/uksi/2005/3229/regulation/106)
[^key-ec8e4b99b8deb7f5b716fe7e9064e9a9]: Words in s. 58(1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/2)
[^key-428191e32d80a0f65132663b38caa99b]: Words in s. 58 heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/3)
[^key-f7c1d9731c082003f3fddb70b7d18343]: Words in s. 150(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [109](https://www.legislation.gov.uk/uksi/2005/3229/regulation/109)
[^key-07abee8dfbbcba1e433e68376797e46a]: Words in s. 162A(5)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [111](https://www.legislation.gov.uk/uksi/2005/3229/regulation/111)
[^key-65f57c27b1a5e4b6b456d55205319523]: Words in s. 168(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [112](https://www.legislation.gov.uk/uksi/2005/3229/regulation/112)
[^key-cec755c594e8119e9392da1924c42f5b]: Words in s. 169D(5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [113](https://www.legislation.gov.uk/uksi/2005/3229/regulation/113)
[^key-a236aa758666fc728b5f3f60eaa26445]: Words in s. 169F(2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/2)
[^key-8b67bc538a4f4078c4ebfa3dd9fb88f5]: Words in s. 169F(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/3)
[^key-66845e9c27111eebb9ce19513271c518]: Words in s. 169F(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/a)
[^key-b1490085234d15f9172d35a98012d11e]: Words in s. 169F(4)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/b)
[^key-94e86246888e4ca3c4caf359953d04db]: Words in s. 169F(4)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/c)
[^key-f82eb97136d72bd186e690e4e8c3f656]: S. 169F(5)(a) substituted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/5)
[^key-9c9c87738ba7d96b501b806aa220c37d]: S. 169F(5A) inserted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/6)
[^key-1587c768f6a4a53295065e040d18ed69]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/a)
[^key-d62f42b347d80e3a70f0d043afb3c59a]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/b)
[^key-a9e78c22abeb0b32c4c2716216816ce8]: Words in s. 210(6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/a)
[^key-357df856f8a127fd7ea9f96eda795a9a]: Words in s. 210(6)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/b)
[^key-138ee8d3cd9ee2d73a5d3b7201a8132b]: Words in s. 210(6)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/c)
[^key-ec40a104f74df7a110302daf284fcd0d]: Words in s. 222(6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/a)
[^key-44815168c27cc69eeaf8947a4accc2b7]: Words in s. 222(6)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/b)
[^key-655bd4e8ceefccba3253db69c100cd5e]: Words in s. 222(7) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/3)
[^key-8ffa75cbeab928df70f8553614bdfab6]: Words in s. 222(8A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/a)
[^key-64523066755880d8390fe6c4c2e45623]: Words in s. 222(8A)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/b)
[^key-bbb77e4db25cd3bcd200d7e138ed86a5]: Words in s. 222(8C) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/5)
[^key-4dbd8fac28da784c3ffd4805a87eece1]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/a)
[^key-2903e89cfc8119b34b46bcc657ee714f]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/b)
[^key-919390423d76bbd97f19b9247f756515]: Words in s. 230(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-009fe0c0e978a148d87b024b405a072a]: Words in s. 230(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-959fea1751bcd816292cd48a7db0f438]: Words in s. 230(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-30a892f47fbbffc87a8254c33e989c37]: Words in s. 230(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-bbea87f5951c56915a126d5b912fec89]: Words in s. 253(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/2)
[^key-5925cc6c7d2bd66ea039228cdfa523a4]: Words in s. 253(4)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/3)
[^key-284b8382b898117ca3c5a93c58abe8ce]: S. 253(14)(aa) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/4)
[^key-8c3519e2b772c580247e0d666db755c9]: Words in s. 286(2) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-28cc695da7fd4b14fed4e3ab7181e95e]: Words in s. 286(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-a8f2a27b56281f4a183390e6c4f8dc82]: Words in s. 288(1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/a)
[^key-90f8695bd96ed0efcd9c4c10fabf283c]: Words in s. 288(3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/b)
[^key-2bd2b3b10626b2209a0edce51ecda0db]: Words in Sch. 2 para. 22 cross-heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [124(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/124/b/ii)
[^key-2bec920e3ce0bf72e41fed8c745f861f]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/a)
[^key-7dcff352bd09ae40fa1b46a901c7ab8e]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/b)
[^key-ed6042b30bdbd55af88f3aaa8c6398ea]: Words in Sch. 5 para. 2(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/a)
[^key-0d16fd5cf65c7fd819665f706dbc4410]: Sch. 5 para. 2(4)(c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/b)
[^key-50408777cee3336d9a53cc371b40737d]: Sch. 5 para. 2(4A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/c)
[^key-9c7fb303505dfb3989e62b45e32c5d41]: Words in Sch. 5 para. 2A(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/3)
[^key-803578974764d3cd763d62e3c499fda3]: Words in Sch. 5 para. 4(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/4)
[^key-f1146dd58014c51c791014abadf93cae]: Words in Sch. 5 para. 9(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/a)
[^key-c5459273a902479e8a60320bc57f6237]: Words in Sch. 5 para. 9(10A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/i)
[^key-4648c94c5fcc9773d392a0540c46c72e]: Words in Sch. 5 para. 9(10A)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/ii)
[^key-f4fcada040ff863c2dc6446f8a6ff203]: Words in Sch. 5B para. 3 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-716a99c79f0d59390f657377a5928315]: Words in Sch. 5B para. 4 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-e763e5ac648191f734263f52938631f2]: Words in Sch. 5B para. 5 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-a96bbe599640140bb713de2b42651d1f]: Words in Sch. 5B para. 8 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-374ec9a2b512b162feb3523df171fbb7]: Words in Sch. 5B para. 12 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-772a3bac5b8e158c7d3c6a2dbbacb33b]: Words in Sch. 5B para. 16 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7459336c4b3a6cd5b89e6b0e13467d8]: Words in Sch. 5B para. 19 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7e65799284ea2ea840e7a1746403968]: Words in Sch. 7C para. 6(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-3ab23046aebdc8201f2467822661c20d]: Words in Sch. 7C para. 6(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-4a436d3d755011577990acc9ecb545d4]: Words in Sch. 7C para. 6(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-ec86535bbcce3df4ca7e4c61669971ae]: Words in Sch. 7C para. 6(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-faf449a6816614d9696c39c83c5097e7]: S. 72(1A)-(1C) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/2)
[^key-417d0a8c95c8c40267367eb47a439684]: S. 72(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/3)
[^key-374b6d870d574cc8cf376adf477ace11]: S. 73(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [31](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/31)
[^key-fb953b82f760f27d427d8afbdf3c3e34]: S. 260(2)(da)(db) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [32](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/32)
[^key-f7fbdfb68f458bc99624f88e07b947bf]: Words in s. 143(1) inserted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/a)
[^key-4846950048fc75975823dbc2a13f08ab]: Words in s. 143(1) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/b)
[^key-89a9e0edbbb9b1065a1e3e6e7be0e1f8]: Words in s. 161(3) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(3)](https://www.legislation.gov.uk/uksi/2006/959/article/3/3)
[^key-6355682a48faa93ad6416edd8c04cf29]: S. 116(10) excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0ba6b14032459260d0d129f24cc05c5b]: S. 127 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0f77852efd2952955907a8573246e713]: Act modified (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. 97-110](https://www.legislation.gov.uk/uksi/2006/964/regulation/97)
[^key-5bfa3b39915446dd9b25912d333c50f9]: Words in s. 99B(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/89/2)
[^key-aa1261f5d601d56cbe306cd3ef641b29]: S. 170 modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [37(1)](https://www.legislation.gov.uk/uksi/2006/575/regulation/37/1)
[^key-53ef311418c362959545cebe189fac14]: Act applied (with modifications) by [Finance Act 2004 (c. 36)](https://www.legislation.gov.uk/ukpga/2004/36), [s. 185G](https://www.legislation.gov.uk/ukpga/2004/36/section/185G) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/6))
[^key-9e4612254eef7b6eff7104cded01cb12]: Words in s. 13(10B)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 39](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/39) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3ed2c5842b1c69be0c9507d14bf16968]: S. 239A and cross-heading substituted for ss. 239A, 239B (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 40](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/40) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-89f31eb80c39efcedcc1c32c0b57bc9b]: Words in s. 68 substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/3)
[^key-5403a8b7f0a178f4a62eb959e46906c3]: Ss. 68A, 68B inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/4)
[^key-86a6b24e4d8c6eac7e0ec38d70545762]: Words in s. 97(7) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/a)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-9360467c31650b3cf0dafff52ee525fd]: Words in s. 97(7) substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/b)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-8453eb195d57c51263fa5c820aca43f8]: S. 97(7A) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-16d0257e5bedcb524bf17c18703346c2]: Word in s. 98(2)(a) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/b)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-65a096b0da797f438eead6f8406bb7f2]: S. 98(2)(b) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/c)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-7920e5923a85db2450cb98c1dbb954a4]: S. 99A(4)(c) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b972799a9013a874dabf17da5c2b8d91]: Words in s. 104(1) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 17(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/2)
[^key-4404088eb89a673ecc5980d467183e55]: Words in s. 109(2)(a) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 18(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/2)
[^key-69414ef7db80f1710c7579bc45ff5f3d]: Words in s. 169D(5) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 19(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/2)
[^key-e55a845e04817c86beb671013f7468bc]: Words in s. 271(1)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/2), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-be5e644334c81e2fb0aed9c4e978db5e]: S. 271(1)(d) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-fec19b8dae2ae2e79edf25c50e921479]: S. 271(1)(g) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-18cb2e3682e4a2d9e9b648e371e72013]: S. 271(1)(h) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-5c7cf06067607028ab5cd5868c04f149]: S. 271(1)(j) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(d)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/d), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-19436f797984be10f31c837f61937936]: Words in s. 271(1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-ac873f0e61eff4e843e00502f0edf127]: S. 271(1A) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/4), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-9a780b0d3ab4b528cac8a4d478ffd5a9]: S. 271(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-30a172f528be5a9f32339aeb56bc4e13]: Words in s. 271(10) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b9855b2cd233b6f94157be45cc9ee9f8]: Words in s. 271(10) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/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-1bbc86bfe4279552282de80fb6e4c5fc]: Words in s. 271(12) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/7), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7cfcd71bd942ca9607c9e068e6496436]: S. 271(1B) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/1)
[^key-68f6bc9cbadfa0cbb3f6f752c1c83000]: S. 271(1)(ea) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/2)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-b53abf963ae98ed13782b6fb1c22ad58]: S. 271(1ZA)(1ZB) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/3)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-7a2d42d8ee3eb8b21a713340813f20c3]: Words in s. 286(3) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-5cf86ccf9d8af870e2a399adf5ed7136]: S. 286(3ZA) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3)
[^key-350c5f05259b3c3ac8497d3d61a69c33]: Words in s. 288(1) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 41](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/41) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7dcba2f7116ab70aa0307833b2a1774e]: Words in s. 288(8) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/2)
[^key-f55a597bd9c350a93e6a054659656065]: Words in Sch. 1 para. 2(7)(b)(ii) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-4a413e1136ea5847aa084c62f6b4eb2e]: Sch. 1 para. 2(8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/3), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3aea839001c2e470ffb63515637d6cbc]: Sch. 10 para. 14(21) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^M_C_b15eae36-8473-43ab-ceb5-4470e2cac3cc]: Act modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 37](https://www.legislation.gov.uk/uksi/1998/3177/regulation/37), [38](https://www.legislation.gov.uk/uksi/1998/3177/regulation/38)
[^M_C_62e41701-75aa-4af3-d561-fd44b25e89a6]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 11](https://www.legislation.gov.uk/uksi/2005/1907/regulation/11)
[^key-c917f26db2a58d6bd23e70a7823dce0b]: Act construed as one with [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 124-126](https://www.legislation.gov.uk/ukpga/2006/25/section/124) (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 127](https://www.legislation.gov.uk/ukpga/2006/25/section/127)
[^key-65b7906d3f3f5a4ecad39ec118caf4d8]: S. 10A(9A) 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)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/a), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-71cef109217a1b278f381e78a4bf6eaa]: Words in s. 13(10) substituted (with effect in accordance with Sch. 12 para. 8(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/8/1)
[^key-e73a94609856439293890221f121a1dd]: S. 21(1)(b) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/9)
[^key-a0c1e8ae1dfad44ccdc49199ca5d2048]: Word in s. 60(1) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/1)
[^key-d8eb37e2141892db776f9470cc47eba4]: Word in s. 60(2) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/2)
[^key-1132908d7495052779fddc06c9548223]: Words in s. 63(1) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-4f9fdb5b105790ac33254745996e255f]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/i), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-ee67858c9c9f8aca34463e7651399d04]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-1214cbaf90eb5f19e6bcb61de86b1e8e]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/iii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-aff3cd3dc4091bacb9390758370247ea]: S. 63A inserted (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/2)
[^key-0e1e9b3393e160e4a2b468c2faf9ea7c]: Words in s. 64(1) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/a)
[^key-282a785e2a2617a1bf15b3dcf24e5a19]: Words in s. 64(1)(a) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-041ea87792cac19f955e3c2045f43b7a]: Words in s. 64(1)(b) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-906fb38b6cb0486f680dc35141d33598]: S. 68C inserted (with effect in accordance with Sch. 12 para. 1(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)
[^key-a806ea81214f5c809c33c9666479f265]: S. 69A inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/1)
[^key-efd07206d3accf82170859efcb02fd67]: S. 69(1)-(2E) substituted for s. 69(1)(2) (with effect in accordance with Sch. 12 para. 2(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/2/1)
[^key-15d00ccee30fb18a0d3659311e92d879]: S. 73(1A) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 42](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/42)
[^key-694d13faaa9ee893815a23821711734f]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 12 para. 30(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph)
[^key-681b467391f5fdb0c4de55e7caf6dbd3]: Word in s. 79B(1) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 14(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/14/1)
[^key-17a0d4e1e547bee660a181601506656c]: Words in s. 83A(4)(b) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/paragraph/34/2/a)
[^key-99893e083305518bcfbf4c90bf64ebf4]: S. 83A(5) repealed (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/b), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-c7c0285eef8764ca29735dc8e37ff041]: Words in s. 86(2)(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)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30)
[^key-ea90c451b29a05e76c4e2604b3025c35]: Words in s. 86(3) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/c)
[^key-56a3855dc6f0462fec8e15f37c494a54]: Word in s. 105(2)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/i)
[^key-ec71b42daa3298a421338ce5ff3a3257]: Word in s. 105(2)(c) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/ii), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-c13e6a6e0768b3ca9f358a762e1a0df4]: S. 106 repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/1), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-11e6989c0fb9f3c9ee2002a1caaab86f]: S. 106A(5A) inserted (with effect in accordance with s. 74(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/2)
[^key-9f912480384964f06f004519fffb2f12]: Words in s. 108(8) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/c), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-d95f9ebec60979a6ca49aa61f3616726]: Words in s. 110(1)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/d)
[^key-ef3f17c7bdf953caf0c58bff3dcab83c]: Words in s. 169F(1) substituted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/a)
[^key-d602770ec315039fec001ee9cd781a77]: Words in s. 169F(2)(a) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/b)
[^key-977784ea48b4e468a0c1341517bf8094]: S. 169F(3A) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/c)
[^key-4489758b268a01e1c20dd00bae8bd535]: S. 169F(4A)(4B) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/d)
[^key-3d082decd0ac04ccab7468838e3052a1]: S. 171(2)(da) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 135](https://www.legislation.gov.uk/ukpga/2006/25/section/135)
[^key-c8556b2e1575a70364012adc1391cc83]: S. 177B repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-0864c10174eeebb6b12254b20e520c67]: Sch. 7AA repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-d6da08db6aa32de3a19f685f51352c38]: Ss. 184A-184F and cross-heading inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/2) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-b413227873daeb9f12c8ef42c76c09f1]: S. 204 substituted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/2)
[^key-1c8214414f5888f2fb4e1b5078c18c25]: S. 212(1)(c) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 137](https://www.legislation.gov.uk/ukpga/2006/25/section/137)
[^key-0683b0440d6987d42466d7e579cb0217]: Words in s. 213(8H) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/a) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-063edefe86c0014a6a9bdcf9a5160df8]: Words in s. 213(8I) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/b) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-8e7649ec012a2d219f10a4b377058bc3]: Words in s. 217(3)(a) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/i)
[^key-2f724fcbdd2122f3796434854ac3db00]: Word in s. 217(3)(a) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-76aca482cde5f1d6c8b56e79e36e6b9f]: S. 217(3)(b) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-fdbf68257fc748410ab8210269342901]: Word in s. 217(5) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/c)
[^key-f28f35a1d6abc8f4178aa718dd6df740]: Words in s. 227(2) substituted (with effect in accordance with Sch. 12 para. 21(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 21(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/21/1)
[^key-116b82679f46a86627f5930bad395e99]: Words in s. 228(5)(b) substituted (with effect in accordance with Sch. 12 para. 22(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/1)
[^key-39660ffad9aa3bd3111ddab68fbac7ba]: Words in s. 228(7) substituted (with effect in accordance with Sch. 12 para. 22(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/2)
[^key-588bc08c228a070f5fc2491a5afa39a4]: Word in s. 237(a) inserted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/a)
[^key-a9c9b69b60c3a75b51ec8056c5e88e85]: S. 237(b) repealed (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/b), [Sch. 26 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/10)
[^key-2e17196bd39b2a112ce6cff9f2886f8e]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/a)
[^key-222857dac8dfe176ca002e63711295c0]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/b)
[^key-c6b55578957975f047ac977335f8e52a]: Words in s. 272(6) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/6/2)
[^key-68634e95f06c391ccd4a2a186d86bd29]: S. 25A inserted (with effect in accordance with Sch. 9 para. 4(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/4/1)
[^key-05013d8802ee37d9bdb84b5858ef28fa]: S. 41A inserted (with effect in accordance with Sch. 9 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/5/1)
[^key-204aae2154ecbfbcf23cc8cb713e4dc0]: Words in s. 283(4) substituted (with effect in accordance with Sch. 12 para. 24(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/a)
[^key-116e0f47dedefd467fba0e34706bb6c1]: Words in s. 283(4) repealed (with effect in accordance with Sch. 12 para. 24(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-3e5e259c00c81869699db145c24c57cd]: Word in s. 286(3)(b) repealed (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-d1f90752707566df5a50ad250eeda00c]: S. 286(3)(d)(e) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/b)
[^key-5624b06d3c01f90b403d3811e7ab2e4e]: S. 288(7B) inserted (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/3)
[^key-d7802c00b941f0e2e09bc1334b7b4159]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/1)
[^key-213ba9f54c22bbb9ba2d0b82776482fe]: Words in Sch. 1 para. 2(7) repealed (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-c7c67dd16f65ee5dca2684c35e82f333]: Words in Sch. 4A para. 5(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/e)
[^key-a0d89cdb844a8013ea3fbab6d1448912]: Word in Sch. 4A para. 7(5)(a) repealed (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-448307eb6cbe601a31e5e59e7134b571]: Sch. 4A para. 7(5)(c) and preceding word inserted (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/b)
[^key-a13f7b465616c9d3be594cfb57f23940]: Words in Sch. 4C para. 4(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/f)
[^key-85658dcf6f46c9838c1f5a9b383f40af]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34)
[^key-515660c94c8f725e8ac2677b0fd4cb00]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), Sch. 12 para. 30(1)(2)(c)
[^key-b907f5c0f267a0c86337bad1b5eeeed0]: Words in Sch. 5A para. 2(1)(d) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/3)
[^key-4500dc68ed6fe217ec6a143ce542b74b]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-1eaa77d9cd8095a1ea7d263d3f23aa6d]: Words in Sch. 5A para. 3(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-68875f2f55a8ab5847592015866d406d]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-32372f9620e85fc2e023395442b3f9e1]: Words in Sch. 5A para. 4(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-320b32f1303f387adfb0ceeb67e62c5e]: Words in Sch. 7A para. 1(1) inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/3) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-bfdbcc1b01762a5278551a00a33a1a84]: Ss. 184G-184I inserted (with effect in accordance with s. 71(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/71/1)
[^key-fb4304e926d8668f252408ddab18ff11]: S. 268A inserted (with effect in accordance with s. 64(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 64(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/4) (with [s. 64(10)-(12)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/10))
[^key-2552df89eb7174e65b36d92bc79f2c2f]: S. 263E inserted (with effect in accordance with Sch. 6 para. 9(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 9(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/9/1)
[^key-49bc12c40bb720f4af5074781f2396a4]: Sch. 1 para. A1 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/1)
[^key-2db54aadd3f5036137ad2ed6eb88f53b]: Sch. 1 para. 3 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/2)
[^key-54f73961895d353bf6526c3d3794b41f]: Sch. 4ZA inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/2)
[^key-d80251065618f2903758426ebe268911]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [18(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/18/1)
[^key-1ddd8174062e7e4d07565623a654a6ff]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 27-32](https://www.legislation.gov.uk/uksi/2006/3271/regulation/27)
[^key-34b7eb5985580da47e3e4527e746a21a]: S. 214B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-e5dcd81616525d23f416ed1f19ec24cb]: Sch. 7B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-d69aa8857443324ae3efb56c5dbec443]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/a)
[^key-71bf6833bbce7457c565fb3febe1860f]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/b)
[^key-591bea0ebdcc7c58e49a1ba792d34bb2]: Words in s. 117(11) repealed (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/2)
[^key-ef78c77c63d44caf19db8e01884aebd3]: S. 3(2) sum amended (for the year 2007-08) by [The Capital Gains Tax (Annual Exempt Amount) Order 2007 (S.I. 2007/942)](https://www.legislation.gov.uk/uksi/2007/942), [art. 2](https://www.legislation.gov.uk/uksi/2007/942/article/2)
[^key-f66e5915616a70cf3ea1e613d324d8c7]: S. 104(4) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 148(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/148/8/b), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0cf498ef47f9edfccdaaf28c31a56b23]: S. 138(2) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 247(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/247/2), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-70580c677b040566e06521016f8ba439]: S. 11 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 297](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/297) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-948953fb5dd295ca928bcb7c0a404c76]: Words in s. 16(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 298](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/298) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2feff715020d36d03b3c157d20c5bf7a]: S. 37(5)-(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 299](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/299) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-53ed34ef213ed43f328a1057a3a56081]: S. 39(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 300](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/300) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-82dc4e94810a86c7ebe68168523cfa0f]: Words in s. 83A(3)(a) inserted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/a/i), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33)
[^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-fb65d5d53bb9c81d9c7221eae8aa5863]: Words in s. 86(2)(b) 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)(a)](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-e918bd7f292790d9d7427a4275f679f1]: Words in s. 86(2)(b) 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)(a)](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-46141f113740b193b57fcd3724333a4d]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-4e1180e226de2be278fd7229062ac621]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d0e340077ffa725b0dd9b9a6c9b19934]: Words in s. 97(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 302](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/302) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e3ce92fdaabe56de8eb78b9f85fe4220]: Words in s. 98(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-84e98823943e756772b0fc40f5432f35]: Words in s. 98(2)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5fb60119fe2f1032fe1b1692a5d49965]: Words in s. 101B(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 304](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/304) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9f6e207641873576b948e622acec4edb]: Words in s. 101C(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 305](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/305) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dadc3d61b4303486322a7b97d01687b9]: Words in s. 105A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5a2a8e0f954ab38a6fc563d7bc9069b7]: Words in s. 105A(4)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b126f7940a276a1f3d11f174d092476c]: Words in s. 105A(4)(b)(i) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-db56832cba3c19a4f3b051b8bc034ac4]: Words in s. 105A(4)(b)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-facb24d133b394a2e638cf298673bb0c]: Words in s. 105A(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b9ae39234cca75b3a053356e2ae182af]: Words in s. 105A(7)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7289d33fd082003389ad7ba876303991]: Words in s. 105A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-131f9899ad42a8c7acb99aff7af0d074]: S. 105A(9) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9b30d324b27b8ac3cc6f6a9114122dbb]: Words in s. 108(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 307](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/307) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9d00581ee7003e2f7fa20b57c473d5bd]: S. 119(1)-(5) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7dc8ddfad2dd1bd0fc45d34404dcc204]: Words in s. 119(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2224dddcbc5db2f338f60c1144018e95]: S. 119(7)-(7B) substituted for s. 119(7) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-749d5df9f65096ffa88880d2593312a5]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3a4c391e5b9fb2da33d88e65f4d8ba47]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7aa0c7acfd20729164c33493b6124d6c]: S. 125A and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 309](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/309) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-992c850e7e871dd54d6099237df9a710]: Words in s. 148C(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. 310](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/310) (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-f679fbfb8d7cf4b5524bcd16c40a125c]: Words in s. 263A(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. 334(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/334/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e94082695a2eea00ac10b2fdcc57bb8c]: Words in s. 263D(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. 335(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-407d2da05d23a791622eda9fc30c52f6]: Words in s. 263D(2)(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. 335(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8f3ac2d6d168521341108ab50575078e]: Words in s. 263D(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. 335(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b26255af64b6bdb8299414cf5beaf948]: Words in s. 263D(3)(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. 335(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0c70e010ebcd80e0a40c68091d3a0f17]: Words in s. 263D(4)(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5cd725aa9643f44c04a40e4e3fa21803]: Words in s. 263D(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5ad965c16f9528484711c35ec9e154c2]: Words in s. 263D(4)(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-55c08c2efb243e47e336595ef70b8d69]: Words in s. 263D(9) 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. 335(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e61fbb6ca1131127c2407aee5e7c8f60]: Words in s. 263D(9)(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. 335(6)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4245b20f033cca9d55d40eaee8a3c734]: Words in s. 263D(9)(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. 335(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1134daec599cc34aca15cf062408f8c6]: Words in s. 263D(9)(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. 335(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da0c949fc171be4d9fd8bbac16cd02f0]: Words in s. 263D(9)(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. 335(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8966ff7c4b65f48d887b77de0ab52dbf]: Words in s. 263D(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. 335(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-328cefe10871da81eebcc322cca5db80]: Words in s. 263D(12) 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. 335(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8a06dbfa27d1e1bcc502f658f5929ca9]: Words in s. 263D(12) 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. 335(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-602e0f9f5b76b91aa6fad891be116ca7]: S. 263F inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d440a5f7c8041ab46f43f6007c83ee5]: S. 263G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 337](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/337) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5dd1e61ddefa34e491246610dcbedb0e]: S. 263H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 338](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/338) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-66b6d21cc392cb56b89493c43e80e82c]: S. 263I inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6270021c8d4b848b8a7df959217ab404]: Words in s. 271(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bae19b2ec1c7a5199062018ef42832f6]: S. 271(7A)-(7C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ffcb03320186c004ac6c4abfcb74fb22]: S. 285A inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31af7d60581bcaf5b6348fbad44c2acf]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2920215dfb2fc2f8a0164eb5a6da7f6f]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-94f77f734c40903a37e1a79da7944d9c]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-de6036034dcbf872ce293e4169f9773a]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eeac1af44c04c74891786b27dcc825ab]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-24d4e9f2199e5f0dfc9ea036edb9d352]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e2966f50165255cba98a4849e46cf376]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7d30f08fcaf0cb8850ba5fc9426082e5]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-42407f2420a37363b5d5308c3bb54d34]: Words in s. 288(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4c7fb45e447d8f9e0b8b3e7dd9893a57]: Words in s. 288(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e077bceb98fef254dc7537f2bfdc4beb]: Words in Sch. 1 para. 2(7)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/38), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-bc1c8c1b663b7c1cf4334a895f5be87c]: Words in Sch. 4A para. 5(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 39](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/39), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-420d5ababd9a42ac37cbf8661aeba06d]: Words in Sch. 4A para. 14 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/344) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2736ddfc9af0e59f5744002092f466ba]: Words in Sch. 4C para. 4(1) substituted (with effect in accordance with Sch. 12 para. 36(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 36(1)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/36), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-038e221983afbf40eb3269b3be05699e]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-83a6e7df241544bb62856a13988bc9a1]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-b7f7a45a0c9d1b33d332bb5724820d79]: Words in Sch. 5B para. 1(2)(e) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2e3ac68aa863cdcbc318a0d1ed80112b]: Words in Sch. 5B para. 1A(5)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-01e8f7906ce02e4ff5b36f53f98eac71]: Words in Sch. 5B para. 1A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a3bd7333096ed03905e9366edffa1ead]: Words in Sch. 5B para. 4(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-901358e01860acb392f20baeeba123f1]: Words in Sch. 5B para. 4(4A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ff11f373cc2c396d5b23bb8d90ae2d70]: Words in Sch. 5B para. 4(4A)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9204b1211ebcf0d8b15b5c5dcbaf26a1]: Words in Sch. 5B para. 4(4C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d9e64325af643909b501230ac2469ef]: Words in Sch. 5B para. 6(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-28a28aa1623ed5a867018c686d8ceda6]: Words in Sch. 5B para. 6(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7d9c1e94ce232e783c0bce2451ae15e]: Words in Sch. 5B para. 6(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-377b778d982cec23be97f00ec1484623]: Sch. 5B para. 6(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-400bc691b1198de2f81a358d5a6f2406]: Words in Sch. 5B para. 7(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-45af63bf13606e77d6bac08ef75c9d66]: Words in Sch. 5B para. 7(1)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bd9de31b6a759b43f3cb0ebd86c3d0af]: Words in Sch. 5B para. 8(1)(e)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ee7d5256cdfa83cb9df66fbad97461aa]: Words in Sch. 5B para. 8(5)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8eed742243f940e145bc4b3a2315cb76]: Words in Sch. 5B para. 8(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-610f1b0727b60e73dd7e6815cfdb89ff]: Words in Sch. 5B para. 9(4)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(8)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-22a7256b39ac3ebd13e39119f033da31]: Word in Sch. 5B para. 11(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb221b5997ec38515837ea8e54bfa834]: Sch. 5B para. 11(5)(b) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da97109a38a1175ee21fe07b2aaceac5]: Words in Sch. 5B para. 13(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-15d98d2bbd71fdaeb158f328f146d8f7]: Words in Sch. 5B para. 13C(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-aac5b866fbf6b02b00e388f63a2c4119]: Sch. 5B para. 13C(4) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-574dd4d9e59fab03be8776abfe72cfe5]: Words in Sch. 5B para. 14(3)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8de562546b2893fa3f91f032917fb6f0]: Words in Sch. 5B para. 14(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8fb9c7d11b1fa71472d01d34ba761784]: Words in Sch. 5B para. 14(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4e75cf0319726d7466780595d8b02aff]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6d8f1eb10890f01e6cebde2c84fcb99]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6f832ca411e0dcb6b723a7248640867]: Words in Sch. 5B para. 16(6) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-370dfbf9ce61ee747ec29423b4ae5af6]: Words in Sch. 5B para. 16(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c8d52de39d4c9fd9f8e8a29500d52c5d]: Words in Sch. 5B para. 16(7)(aa) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-faaf8a880ec92bf0b7c0573e04f1609c]: Words in Sch. 5B para. 16(7)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ec904ac70e8639f9e618d8ac346d2923]: Words in Sch. 5B para. 16(7A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-745c45a6ad08d4afe3beb74e4e4471bb]: Words in Sch. 5B para. 16(7A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3c181276bc2dfdad4625665652e45a2]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-155b1112d1e7dc0f7b19e4fc41a3f87b]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dc717a520bbaf59b6474144edd513a8f]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8c350b188b7268584c60307575c9a34d]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-00d3109e72a27dbe054e847b61192f90]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4429b1a0ff65ae1a86819f21fff980b5]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ce273f28f5eb006b09d9f55a05073ffe]: Word in Sch. 5B para. 19(3) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c338e2cd34ccf982613ca324c5e9f1b0]: Sch. 5B para. 19(3)(d) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6c5849bbb31231d432ef4136793e6ad6]: Words in Sch. 7C para. 2(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2dd24a7e739935c6b872b655a5fe02ab]: Words in Sch. 7C para. 7(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c85411593d50c378e8f56dab0db1a990]: Words in Sch. 7C para. 7(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-33ec912cdab4c2af3e73a3c81beafddd]: Words in Sch. 8 para. 5(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 349](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/349) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3799922156a44f0575d5f8beb95ccc7a]: Sch. 10 para. 14(35)-(38) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a9727cc1f7b57460a26acb8c7076108b]: Sch. 10 para. 14(50) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd7a1c96b7dce0f115fd66ef49f4f0b9]: Words in s. 8(2) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/a)
[^key-2fcaf172b72358b8a07270daea70322d]: S. 8(2A)-(2C) repealed (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/b), [Sch. 27 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/2)
[^key-056ede730c89d72f9f1f9f68d02e0f2e]: S. 16A inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/3)
[^key-9077b0e00108e6e57833db36186043d8]: Words in s. 130(1)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/a)
[^key-4c51abdf3fad831514517509db0d8dca]: Words in s. 130(1)(a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/b), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-a8adcd27a61ff9123237f728970a1544]: Words in s. 144(8)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/3)
[^key-4fdd970eac2d5a902013ddd4a98a7302]: Words in s. 146(4)(b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/4), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-8289bc7b94570c84db95f56eca978051]: S. 171(2)(db) and preceding word inserted (with effect in accordance with Sch. 5 para. 10(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/10/1)
[^key-cd9c35bc069ea8f359772829e82c030b]: Words in s. 184A(2) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/2), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-c796a0782cc6beb8974156f844872543]: Words in s. 184B(2) repealed (with effect in accordance with s. 32(8) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/3), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-71d9f9fae6e02288a94aae505a0b5f1a]: Words in s. 204(10) substituted (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-96a4f3a3e440b0f5942996bcf2db534d]: Word in s. 204(10) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-6a0f84f86c6792d337fb9b0ca6fcd6dc]: S. 210B(6)(b) and preceding word repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 62(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/62/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-3b66fd9ea588d2ba1e339085854b4de0]: Words in s. 210B(6)(a) substituted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/2)
[^key-14c244baa2930c0f6fec076416f6607c]: S. 211(2)(3) substituted for s. 211(2)(2A) (with effect in accordance with Sch. 9 para. 17(1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/14/2)
[^key-8f3a318a03c7c185d5e003736f8ecc93]: S. 211(2A) inserted (with effect in accordance with Sch. 10 para. 17(2)(3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/4)
[^key-a3f63e26ffd7fc18cf9f5afae46ca1df]: S. 212(7A) repealed (with effect in accordance with s. 39(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/18), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^key-5216b99db2c51ed3df27835fddbeb364]: S. 212(2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-1fba020a42808bc15cd830cb38265b2f]: Words in s. 213(1A) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/64), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-0efe07a6684bc7806a4c5b734b6307c6]: S. 214 repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-b86463c80d41b5cb842367046c8664c0]: S. 214A repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-be7475d063eaec1978b90e3eb609bdbd]: S. 214BA repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-fb5926d2994fa16d11f24680e5cb3c6e]: Words in s. 263E(2) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/2)
[^key-c1c8dbc7dc10eeb4e680a118b8e9e806]: Words in s. 263E(3)(a) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/a)
[^key-849cab974f4c7478c150068d352d5a4a]: Words in s. 263E(3)(b) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/b)
[^key-4fc6010884142830009761a8fd679a4b]: S. 263E(4A) inserted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/4)
[^key-3349df9fe0c4c8c5cce1aa3d7344d8e8]: Words in s. 263E(5) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/5)
[^key-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-c65a6a505bc11467f15d7980b931299c]: Word in s. 273(2) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/5)
[^key-b77fdf7ea13b58fb6c67dd7a1f8e8371]: S. 285 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/6), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-f10b81042a786ba7d08406c49fa6a0eb]: Word in s. 288(1) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/4)
[^key-e1b9b7d5f607fec776743ca3386d8771]: S. 288(5A)(5B) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/3)
[^key-4ba169046c13af129b109c239aac7cd9]: Sch. 5B para. 1(2)(da) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/a)
[^key-743ce9d3a87a87dcf92d497fe9f38ade]: Sch. 5B para. 1(6)(7) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/b)
[^key-de1e628036849cb1a858cf1e19303904]: Words in Sch. 5B para. 1A(1) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/3)
[^key-7b0ae9812aeb2ec22ddc509e03b132fb]: Sch. 7AC para. 17(4A) inserted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/5)
[^key-3491cf7c6bb93f5fe1e07aef3b3bf800]: Sch. 7AC para. 17(5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-6395858e695ad5df63420f0fac90461a]: Sch. 10 para. 14(25) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9)
[^key-217cfcb0fbe2d0673038dac7cd091040]: S. 210C inserted (with effect in accordance with Sch. 10 para. 17(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/3)
[^key-7797bfcf38e1482d76ce6121f0ee3394]: S. 263AZA inserted (with effect in accordance with s. 21(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 21(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/21/2)
[^key-b2e6dcb2d17d2a4908734124cbe31b1e]: S. 210A modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 34A](https://www.legislation.gov.uk/ukpga/2000/17/regulation/34A) (as inserted by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [27](https://www.legislation.gov.uk/uksi/2007/2134/regulation/27))
[^key-cd4dcd1c6f2b5273fa053d530c20eff4]: S. 212 modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2145/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2007/2145/regulation/13)
[^key-3e64a4f857ed14ad26a4b8a2ac88ef63]: S. 212 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), regs. 1(1), 37 (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), regs. 1(1)(2), 28)
[^key-076babb0e7754d0e4b36fb4d5b3fa76e]: S. 263A applied (with modifications) (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 2007 (S.I. 2007/2486)](https://www.legislation.gov.uk/uksi/2007/2486), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/2/2), [4](https://www.legislation.gov.uk/uksi/2007/2486/regulation/4)
[^key-56794ad11a72a04e1ff258010c1bc24e]: Words in s. 263A(1) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-b6fc99cc4c76957bda74488f6e091d9f]: S. 263A(1A)(1B) inserted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-aead818fe576351dae83e7bdcc6409f5]: S. 263A(2) repealed (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-ee90a843227aca9ad665d495a373a211]: S. 263A(5)(6) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-888ae586dc33d39f33cac340b744f53d]: S. 263A heading substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/6); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-af5dcbd007c751d627722d9a06090b6e]: Sch. 7AC para. 12 substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/13); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-c5eef811781ebaaf7b58b889a0221762]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-a79432940c5ea4ceb97b0c65ad40b1ef]: S. 122 excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [S.I. 2007/3186](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-d66b3e0759afc59d6b16b2f027e05d12]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-7039ca5a0af04bd43d7ff65b8ea05654]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-73fd5cee2ed53564a2bfc3e2997091da]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-b3c95df834e9e61ae9e8748b47f056d1]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-9ffd178aa878f0ca954c883a60060552]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 85(1D) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 21(2)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/21/2) (with S.I. 2008/1579, reg. 4(1)))
[^key-f241f3415fd984f032d31d5c6b286c02]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-e1911f910e3dc1230e67190b50e5d09a]: S. 122 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-30fbee062500225890bcdda9314a473a]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b1784ace7689fa8328386ab614e1cc7e]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-90067f644c649d66b480561076a20f85]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-cc41e47302232e0e735b34e3a5fd73df]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-fff044c9ce9461ce44e9beefeb6dad83]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-201840b197436af671cd0bcffb0d474a]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-6d70671369a8ba260d1a754bb95c586a]: S. 116(8A)(8B) ceased to have effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), Sch. 1 para. 10, but that ceasing to have effect deemed never to have had effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), regs. 1(2), 5
[^key-afa69daf33c77f264612116a58aef6a3]: Ss. 140E-140G and cross-heading substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2)
[^key-0f4da9a080f321c47bb5e886ddccd369]: Words in s. 24(1) substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 3](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-cba6ca5abfb9e328ceb4d38ba386fe9b]: S. 122(1A) inserted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-60dac21b3fa6e11a77096f37a0ccea46]: S. 140(6AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-180234dd7ab85d6d9373182a2553ce9b]: S. 140(6B)(6C) substituted for s. 140(6B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6e97322b12136a80576b255486f1dd53]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-620922443405fdfc04fd77d46ee42c60]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6fbc74e91b8ffb582775165e2b4d3b61]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-80baf780e084e7d62b613033f9b1cd85]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-5d65c17f8a4edb9b03d0c96e5068b869]: S. 140A(1A)-(1D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8cc2fa047f601c5b4e99f9e7e5ed0e2b]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-77abf447b756c049f99a2fc8b9b889ec]: Words in s. 140A(2)-(4) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ab5c55788eb90902d6dbe7c02cda1267]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-253550307a45f3d913f4f317c5e176b0]: S. 140A(5) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ae53eb3c98131ab502245576cb6293b7]: S. 140A(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-92febe9c06a7ac3485b1669b9863e934]: S. 140A(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-75b0b074dd5ecde46a859a13fd356aab]: S. 140A heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(7)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-91c30ce17e941c225267378b9f93df7f]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-42caa3695598091039bbe06727a2f739]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-74a0f73a956de1b3f6ec10f2729b5d98]: Word in s. 140B(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ca123517a7e61533ae247b13dc9c6801]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8a4f98d3534c2cdcf74ed2c5229318a3]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c0feeac2686c7621c997db6132cb79d1]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c810a68f949ff73ea3105498b606fb8e]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-93380861d528f345067e1b3d211d4e99]: S. 140C(1A)-(1C) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-2b0b2f8dae796525c4582d5f00839d8f]: Words in s. 140C(3) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-602662127973a4b508b2b0861adeb85a]: S. 140C(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-caca8b1c207e1b15dc3085dd84841987]: S. 140C(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-365ed0ef35805ebcc93bea90e4e6a496]: S. 140C(9) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-bf0c8182a2a3b8a84c39cbe38531a4cb]: S. 140C heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c991879ddb7554e6a87b2d1f20586c4c]: Words in s. 140D(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-18d2250f085026986be272d07bffe088]: Word in s. 140D(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-1b682de7630c13cb63bca03a9040b444]: S. 140DA inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c3931a3fbf29b771177918e042ddf65c]: Ss. 140H-140L and cross-heading inserted (with effect in accordance with reg. 3(3) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))
[^key-1d5db424b821fe328c993ec7280d0bbb]: S. 154(2A)-(2C) substituted for s. 154(2A)(2B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-965e84be1f1872420ca198b3334370db]: S. 154(2D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-22ad1d082586003311cdec9946eee8a6]: S. 179(1AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 9](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/9) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b433fec9eba858cd37e7295b95c6e983]: S. 179(1B)-(1D) substituted for s. 179(1B)(1C) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-d49f73f413ed9c7e6c0ae6facea03483]: Act modified (21.12.2007) by [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [s. 66(2)](https://www.legislation.gov.uk/ukpga/2007/17/section/66/2), [Sch. 4 para. 9](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/9) (with [s. 6(9)](https://www.legislation.gov.uk/ukpga/2007/17/section/6/9)); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule)
[^key-cc9c9c4168d08c773e8f04e36612e770]: S. 171 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/9/2)
[^key-7a8d299bd69a46c34a12f57d79c73e48]: S. 211ZA(2A) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(2)](https://www.legislation.gov.uk/uksi/2008/381/article/28/2)
[^key-c0f88de45213355acccc9c0d55e4863b]: Word in s. 211ZA(3)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(3)](https://www.legislation.gov.uk/uksi/2008/381/article/28/3)
[^key-704f4869a5d10d0c2a081bb377d495b4]: Words in s. 213(5) substituted for the words "assuming that the transferor had continued to carry on the business transferred after the transfer" (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(2)](https://www.legislation.gov.uk/uksi/2008/381/article/29/2)
[^key-ce62aeeec6cec0227b028cdc6d1e550d]: S. 213(5ZA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(3)](https://www.legislation.gov.uk/uksi/2008/381/article/29/3)
[^key-453708dd55b662492fad9453f213e720]: S. 213(8A)(a) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(a)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/a)
[^key-8f570571b45cc1744ad6e6af1ff55f6c]: Words in s. 213(8A)(c)(d) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(b)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/b)
[^key-b7e8571a66bc1f2b18067f4134807df8]: Words in s. 213(8B) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(5)](https://www.legislation.gov.uk/uksi/2008/381/article/29/5)
[^key-26ea46fc9676aec71f222a9e1e1a5f9e]: Words in s. 213(8F)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(6)](https://www.legislation.gov.uk/uksi/2008/381/article/29/6)
[^key-b3f1ea09bb8025fcfb569ec973ba7b72]: Words in s. 213(8H) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(7)](https://www.legislation.gov.uk/uksi/2008/381/article/29/7)
[^key-cfb4eb658a2d382669d1003d7183598e]: S. 213(8HA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(8)](https://www.legislation.gov.uk/uksi/2008/381/article/29/8)
[^key-49207fe08e5b8a4408ae8ae361896c7f]: S. 213(8J) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(9)](https://www.legislation.gov.uk/uksi/2008/381/article/29/9)
[^key-4e6abf746bc5d534f14168463f7c4f0a]: S. 213(10) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(10)](https://www.legislation.gov.uk/uksi/2008/381/article/29/10)
[^key-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-6f040b2bdbbcba539e5eb40e71724230]: S. 12 applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809F(4)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/809F/4/6) (as inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/1))
[^key-867f946a4c07f2f8986f520923bb98e2]: Ss. 87, 87A, 87C-90 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-499e27210c1eb59de549e95002357ddd]: Ss. 96-98 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), Sch. 7 para. 93(3))
[^key-86dae35873daed2da5e53fa1fadaa694]: Sch. 4C applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-6a8115e67950f7f9515d9a638916eb4c]: Ss. 87-89 modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 125(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/125/2)
[^key-1d9a79f7761623f9fc87a84ecc3ff785]: Sch. 4C para. 8A applied (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 126(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/126/4)
[^key-e2a08164eb5f6b41c2deab13430f0a7c]: Sch. 4C modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 152-155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/152)
[^key-2dcc6fc7ec24769919ca97277b57823e]: S. 2(4)(5) substituted for s. 2(4)-(6) (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/2)
[^key-bcde2ebeffaf1654f599badac37ce6f0]: S. 2(7)(b)(ii) and preceding word omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/a)
[^key-c7d2b7dc6fb2a428829f7a0dff219333]: Words in s. 2(7)(c) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/b)
[^key-9b84ac4ee52f083d51ac8833bcd9357b]: Words in s. 2(7) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/c)
[^key-dca92d72c4cfff4270df545fd68deacd]: S. 2(8) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/4)
[^key-1d7a0b6cb392f95f06af4df1f45707b2]: Words in s. 2(7)(a) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/2)
[^key-8134211a9b04cd9b4491f3e21274eded]: S. 2A omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 25](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/25)
[^key-78953e17937ef9e1ffa063f4f277c035]: S. 3(1A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/2)
[^key-7e347768960192a3217dde79335ae01b]: S. 3(5C)(aa) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/a)
[^key-e32c9a0eae7ea9a49a82680400d91c89]: Words in s. 3(5C)(b) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/b)
[^key-f97632082c401cf431cc92d20dfee37c]: Word in s. 3(5) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/2)
[^key-f441b94f1b23b8c65a3efc779b2f48c9]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/a)
[^key-d27060d276a4c9a743ad0f642e222403]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/b)
[^key-3cde6ce754019cbf5a8dcd166bf378c8]: S. 3A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 57](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/57)
[^key-186a3137f986751d5c848b0d6e04fbd1]: S. 3A(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/a)
[^key-cb3db0e313c9cadeb76e839c7b56b72f]: Words in s. 3A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/b)
[^key-535824dad4b93f920102fa680e8b7c1b]: S. 6 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/3)
[^key-1863b19606c8e8dd273b89ab73bcb767]: S. 9(2) 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. 58](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/58)
[^key-0fc3552807d0ca6e40937754d78b6aa1]: Words in s. 9(3) substituted (with effect in accordance with s. 24(8) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 24(6)](https://www.legislation.gov.uk/ukpga/2008/9/section/24/6)
[^key-db84eecf3bac7b999d809f2e159c706c]: S. 9(5)(6) inserted (with effect in accordance with s. 24(8) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 24(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/24/7)
[^key-fdb4eb3aa1b51daaf7e1a28be0bc5d0d]: S. 10A(9ZA) 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. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/59) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/3))
[^key-6a0d591d5606700b8308114d5b3946bf]: S. 12 substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/60) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/2))
[^key-a4e401c940ccfae0fbcd8a36cc2f4d94]: Word in s. 13(2) substituted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 103](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/103)
[^key-0a4c00069adafdabc13904b90e3cb095]: S. 13(10A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/28)
[^key-ac2c015ebbe0cbb416afa788389151a7]: S. 13(7A)(b)-(d) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/4)
[^key-e098c81ec4c2001c61aa8d3c9c4ba172]: S. 16(4) omitted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/61)
[^key-fe30d7ef5c4c1c810669f6740ba57473]: Ss. 16ZA-16ZD inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/62)
[^key-dd4cf5e0fafb93f8823aba3ccfc3a778]: Word in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/a)
[^key-2a547a56d2ec6f169ec09540f91be18f]: Words in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/b)
[^key-dbd707be01cbb35febdc4fc07e29704a]: S. 35(2A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/3)
[^key-c4f977b26551794ab199d5f850a19fd7]: Words in s. 35(3)(d) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/4)
[^key-4cfb092ddd1a1c535704c544797a467b]: Words in s. 35(4) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/5)
[^key-5c916dc561998482efad8aa5607dbf93]: Words in s. 35(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/6)
[^key-0ea2180221b0f7096700dc904a8c9e74]: S. 35(6)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/a)
[^key-2de04e999fb06040f0376e91df35ea87]: Words in s. 35(6)(aa) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/b)
[^key-ee45f53315fca6241865ff0d40da16b3]: Words in s. 35(6)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/c)
[^key-bcb5098bf993441a9034ad6808d827d5]: Words in s. 35(7) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/8)
[^key-c55a085df4e6b89df2db7ba6775991d9]: Words in s. 35(9) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(9)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/9)
[^key-1188f11ddfbbf75cecc8f95687a30721]: Words in s. 35(10) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(10)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/10)
[^key-bc71cee45857c8d2b9be775d8ee26957]: S. 35A inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/59)
[^key-e4262ba6b241e8d7f295427884d88577]: Words in s. 36 substituted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 73](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/73)
[^key-416337d4f27bd9cff248e443e622a146]: S. 53(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/a)
[^key-00557364800664b51ef118ad01bffe09]: Word in s. 53(4) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/b)
[^key-f2cf57f71c3c249ee72c1b3f9a6f946f]: Words in s. 54(1) substituted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/2)
[^key-bfa4bc688cf3e077ca15fa255fd2c55a]: S. 54(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/3)
[^key-664bd08722c50624f5f8e4dbc3375288]: Words in s. 55(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/60)
[^key-03c3b6be1a7f731e038d2e7a53595952]: Words in s. 62(2A) 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. 29(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/29/2)
[^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-97994a5f5fca4e7181a0d807a41cae49]: Words in s. 86A(2)(a) substituted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/2/a)
[^key-755dcecd44d8d2e77ddb88589bfbf18e]: Words in s. 86A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/2/b)
[^key-d015e79080101f2542168cd611399b1f]: S. 86A(2A) omitted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/3)
[^key-fb58d809bccf548306e973d5aaf93342]: S. 86A(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. 31(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/4)
[^key-954687a62ca613d9a1a507ee0caeec60]: Words in s. 86A(7) 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. 31(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/5)
[^key-a5e49bf0f00d54a25b06552f5700fd23]: S. 86A(7A) 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. 31(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/6)
[^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-87d4e944e115fc6846b86ac097d9d15f]: Words in s. 263D(6)(b) substituted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 23 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/23/paragraph/11/2)
[^key-4db1f39c449090de45dabc4e0255d24f]: S. 263D(7) substituted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 23 para. 11(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/23/paragraph/11/3)
[^key-fadd1be5762e6275d7a83362e59d47bb]: Words in s. 274 substituted (with effect in accordance with Sch. 4 para. 9(4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/8)
[^key-29d37149a829339fa95f524ecf7f2b30]: Words in s. 279(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/40)
[^key-10c973e613d084684c06c331a82b01de]: Words in s. 279A(7)(b) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/41)
[^key-4f59cb5fcf8cb3ab9de69ae06dfc604d]: S. 279B(1)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/42)
[^key-431cddb4b0ea328a94adcbef27f424f6]: Ss. 279C(3)-(4A) substituted for s. 279C(3)(4) (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/2)
[^key-1ccecb3245c2fe6d45f4f4e13241602d]: Words in s. 279C(6)(c) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/3)
[^key-642a91518cf155bf5838e82feb6eefad]: S. 279C(8) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/4)
[^key-96f18496432ba27ac19bad654adf4027]: S. 279C(10) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/5)
[^key-f78ea692f1bf24e6c7a93b46e3352772]: S. 284B(1) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/44)
[^key-3c1bb9b1b09ee06c701510a5a78a0617]: Sch. A1 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/45)
[^key-9e3d12e943bbc4fc316165e2c7a8a7ea]: S. 288(3A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/63)
[^key-9bc60d168e7bff6ee46d2cee07bd1a77]: Words in s. 288(1) substituted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/2)
[^key-436f0c94005e530204cc80583cff1fc5]: S. 288(1ZA) inserted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/3)
[^key-2abef61e908459a30632f990b13472d7]: Sch. 2 para. 1(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/2)
[^key-05db36473fcb13e9b14c7e04ded77b69]: Sch. 2 para. 4(6) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/a)
[^key-0360a89549eb7f905df4462eb91311eb]: Words in Sch. 2 para. 4(8) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/b)
[^key-690bdbfd2aae37e6ee3edfdf1a721228]: Word in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/i)
[^key-ac8b7ce6a4763a81ccc7784e27b6d564]: Words in Sch. 2 para. 4(9) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/ii)
[^key-8db4cf8001136c1fbed7102cfc17e613]: Words in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/iii)
[^key-781a066d3763247d9abdebe49663c6c9]: Words in Sch. 2 para. 4(10)(a) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(d)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/d)
[^key-6724ff007b03b8a9d31a3fbde640823e]: Sch. 2 para. 4(11)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/i)
[^key-63e9ff93f078875699f4ee15961f782a]: Words in Sch. 2 para. 4(11)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/ii)
[^key-4560c7d99aea4a189a410e30e61afe42]: Words in Sch. 2 para. 4(11)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/iii)
[^key-28c44c3029cefcb41b086c95dc16e188]: Sch. 2 para. 17(3)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/a)
[^key-d02fb661506d53a3b077cbc909d8fafa]: Words in Sch. 2 para. 17(3)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/b)
[^key-f736fe0bb2f5492d3b402b218df70166]: Words in Sch. 2 para. 17(3)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/c)
[^key-e24ca535edc8eb4dd0ef227a9f4c49e2]: Sch. 2 para. 22 omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/5)
[^key-382a12c12f2f57fce11f1b6a59c41fe6]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/i)
[^key-49cac76368672d5f20d5672a4589a358]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/ii)
[^key-3bd5f48e7037be71ab4d44100427f0d0]: Words in Sch. 3 para. 1(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/b)
[^key-d6a9acec6340a502225b519594620456]: Words in Sch. 3 para. 2(1) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-b9fee706a6dc4a24d9c9198b73bdb46d]: Words in Sch. 3 para. 2(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-2c072a35dee9c741c40efc63528dfc67]: Sch. 4 para. A1 and cross-heading inserted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/2)
[^key-0e3259889adef1eee62d58b583929347]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/a)
[^key-dd71f7c08f42698927cb994c96ac0de2]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/b)
[^key-4eaaa5a714a6ca1b39bb67018923b5ef]: Words in Sch. 4 para. 4(2) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/4)
[^key-c672bf148a89a5e390cc339a7ebffd21]: Words in Sch. 4 para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 66](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/66)
[^key-7bb9c99750824fa00e7d76637e7c55ec]: Words in Sch. 4 para. 9(1)(b) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/a)
[^key-14ea4c4410be490f80b2cd63872b566a]: Sch. 4 para. 9(1)(c) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/b)
[^key-9ec9217d6e84b8916c00b83d27a1c257]: Words in Sch. 4 para. 9(1) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/c)
[^key-6df6845a7df19056bdd150c7a87ddfd6]: Words in Sch. 4A para. 7(4) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/a)
[^key-05e479e7e1d91b1e715d2bcb82c3b905]: Words in Sch. 4A para. 7(5)(c) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/b)
[^key-ef42781536d30a3034581ab752d66bd3]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/a)
[^key-e3032567c8cc9243b9966b6196479ced]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/b)
[^key-2341a0d75864cba2a777713a99b2d693]: Word in Sch. 4B para. 1(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/2)
[^key-dc09c47901d20907d7714514760a0b61]: Word in Sch. 4B para. 3(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/a)
[^key-2165580f7e4f8ec421a237e568a3200d]: Sch. 4B para. 3(2) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/b)
[^key-7ba701c6f3903b941203b7bc09b924cd]: Word in Sch. 4B para. 3 cross-heading omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3)
[^key-72543019fc7e6882abee8dea477123a6]: Sch. 4B para. 3(4)(5) substituted for Sch. 4B para. 3(4) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 130](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/130) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-0e06f9e94c7038d08903db4ea92cc167]: Sch. 4C para. 1(2)-(3A) substituted for Sch. 4C para. 1(2)(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 132](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/132) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6b288ddd826d3ab61984021f15a30a36]: Sch. 4C para. 1A and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 133](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/133) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-d9ae4adbadf1ed728520547a5abdc009]: Sch. 4C para. 8AA and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 139](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/139) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-948c893e4bb31f06b862efbce22ec786]: Words in Sch. 4C para. 4(2) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 134](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/134) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-92a1f85ce9bd49123c9585ea38ecc4d0]: Words in Sch. 4C para. 5(2)(a) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 135](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/135) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-cf0a5c6cf85cdabfff25c1328b8de450]: Sch. 4C para. 6(3) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 9](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/9)
[^key-b576d99d2254dfcda22d404bc13e392a]: Words in Sch. 4C para. 6(1) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/2)
[^key-c128d2b20fdc19a2534dff51338af15d]: Sch. 4C para. 6(1A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/3)
[^key-0cd7bb20bbb44f30a67a20c47128bb54]: Sch. 4C para. 7A omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-20869e4e35a886729802ea1f3cc55ee6]: Sch. 4C para. 7A cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab03f4914990e75bafa478eb51dfe453]: Sch. 4C para. 7B substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 137](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/137) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-a2fe6193674e052de41edfc9e661cecb]: Sch. 4C para. 8 substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 138](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/138) (with [Sch. 7 paras. 148](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/148)[151(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/151/2)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-86cf81e37bb4d0faf063b1f94b9e21f3]: Sch. 4C para. 8B omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-18208f6965d5d92ab71508ead873dcd8]: Sch. 4C para. 8B cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-90ba676b0b6d1555a92563f23817b06f]: Sch. 4C para. 8C omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9dbb48d08db04204f88d5c01f4ff6f50]: Sch. 4C para. 9 and cross-heading substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 141](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/141) (with [Sch. 7 paras. 149](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/149)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-2f89fea95a93dbc661da99785bc83348]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/a) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9b846593afe7220c379556e9f503db3d]: Sch. 4C para. 10(2) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-f98e3fce20c9ea6e49abee75b3b4a986]: Sch. 4C para. 10(3) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-68dbedfe2ceb3440010ebc1b7fc2ad0c]: Sch. 4C para. 11 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 48](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/48)
[^key-77d5ced43f1615e0443d38fdd350160c]: Sch. 4C para. 12(1)(2) substituted for Sch. 4C para. 12(1)-(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 143(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/143/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-1bcb0a39d728251d1b1429d34ca0e7a9]: Word in Sch. 4C para. 12A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 144](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/144) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-104c881d39fd70758e7a28bb00301579]: Sch. 4C para. 13(1)(1A) substituted for Sch. 4C para. 13(1) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-c8c019117ce6c49e2ad5aee8afa8ac38]: Words in Sch. 4C para. 13(5)(a) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab035ae92960ef5623933e1c32497d65]: Words in Sch. 4ZA para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 67](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/67)
[^key-6f1e1f1a19105435bf1a8fbb373dfb99]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 10](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/10)
[^key-557a5a6c27046e9a781f345da430c62c]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/4)
[^key-2b4d3aa96668c27c012ad3b02c98eb6c]: Words in Sch. 7A para. 12(b) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/68)
[^key-a809ac57d8b4fef003ac6ec946c522a6]: Sch. 7D para. 15 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 50](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/50)
[^key-37df0d0f434bd466268d827f718140bc]: Sch. 10 para. 14(40) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-a160116a5a61e52347a637280825bb5b]: Sch. 10 para. 14(41) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-62210e0dd95858649d5b0850e81240b3]: Pt. 5 Ch. 3 inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/2) (with [Sch. 3 paras. 6-8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/6))
[^key-84a47cd23e239fb4625f40087bc25a79]: Sch. 5BA omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/49)
[^key-3f10d2019e724d309f9ecce51c11cab5]: S. 14A inserted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 104](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/104)
[^key-520adc83605552cf3c70bf144f336602]: S. 52A inserted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 78](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/78)
[^key-9319dae720563f48f304d54440fcdfbe]: Ss. 77-79 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/5)
[^key-776876f7590a79a96ed11de17944a65a]: S. 154 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 12(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/12/2)
[^key-2f728738a68a63696ba7f64f4e308007]: S. 17 excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 39(1)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/39/1)
[^key-e237df61793d51bf2a3bd5b7cbd0ab45]: Act construed as one with Crossrail Act 2008 (c. 18), Sch. 13 (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/3)
[^M_C_9814ffdb-4b83-44f5-9dd3-727bc100a374]: Act modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11), [12](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12), [22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22)
[^M_C_fd316d86-5e88-4242-87ed-bfc28ee5eb04]: S. 179 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 31](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/31)
[^key-a2e59c4b815ce27962e6049e0f27def5]: S. 17 excluded (8.9.2008 for specified purposes) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/7/2); [S.I. 2008/2358](https://www.legislation.gov.uk/uksi/2008/2358), [arts. 2(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/3/1)
[^key-20d4e41f71c43bcbbc539b23a6668cf7]: S. 218 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-f8e6f2ce59f0a8b091b4cdfea51c85d2]: S. 219 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-7abd99145bf64b735704b4aa648a5a3e]: Words in s. 219(1)(a) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/a); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-8baf9c33b103ef614f427c73b56e4056]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(i)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/i); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-a55da6849a98946a7f978b1b3b9d8069]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/ii); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-e92a62fd84d220c9ca2de81eb67b40e5]: S. 288(3A)(j) inserted (E.W.) (1.12.2008) by [The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008 (S.I. 2008/3002)](https://www.legislation.gov.uk/uksi/2008/3002), [art. 1(2)](https://www.legislation.gov.uk/uksi/2008/3002/article/1/2), [Sch. 1 para. 43](https://www.legislation.gov.uk/uksi/2008/3002/schedule/1/paragraph/43) (with [Sch. 2](https://www.legislation.gov.uk/uksi/2008/3002/schedule/2)) (see S.I. 2008/3068, art. 2(1)(b))
[^key-69e0227cc8efe3637622929b5d2daddd]: S. 99(1) excluded in part by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B](https://www.legislation.gov.uk/ukpga/1998/36/regulation/14B) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1/1), [11](https://www.legislation.gov.uk/ukpga/1988/1/regulation/11))
[^key-1c58cf69df78b850351d878ae61e8f01]: S. 100 excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), reg. 14B (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), regs. 1(1), 11)
[^key-34f223148e6a3fb4084bcdcd3103da9a]: S. 212 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 51(2) (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2008/3159/regulation/15))
[^key-b23a1827584e1f1dfe2865f9b1303dfc]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [arts. 1](https://www.legislation.gov.uk/uksi/2009/317/article/1), [3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^key-3269c52b0cf7f4ee7eb77581de614fa5]: S. 137(1) modified (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 129(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/129/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e9c9fc262a6777ca75a8ba9bfb273267]: S. 144(2) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-767bd77da3bd30e0aefe61ef7599a5da]: S. 17(1) excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/3), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-92851b974c3b78a2a61f7c57e8b83f67]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 667(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/667/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6745e2cfe3931a0ca83382de142b4a9b]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 668(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/668/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-37a2cfcc1029242a384a49ecbf173ff3]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/5), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b16893bedfa5bde1fda48dbfbf9f2f3d]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ad274cc9b75eb2cb9afda1e57850de51]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4fdbba50df2f4f735b5ce34510fb0ac7]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5db8381d7b5e5883a9250f2fdabe2924]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e8823d289c77d0bb74176571673d3995]: S. 170(12)-(14) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 773(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/773/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-085bceab0a538a045ae1dc90abc54fc1]: S. 171 excluded (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 830(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/830/1), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ef61c7588d3d557f140785f999a55b9e]: S. 39 extended (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 1157(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1157/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fe3773e40f9cdd312970251430c70c2d]: Words in s. 1(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 359](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/359) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-dc3071c0ce1e11352e41fce0bdf38d9c]: S. 10B(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 360](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/360) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1179bc60528d49e901f71316d65b2ba9]: S. 13(15) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 178](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/178)
[^key-a199a1f37dcec8a947a54714f6d4a138]: Words in s. 40(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 362](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/362) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-88f1d0cc2c61e3f06c1df930a3679843]: Words in s. 41(4)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5568ed6785eb19081fa11e5755f41825]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-43fc0da34999feccd08abfac236aecee]: Words in s. 41(4)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a3c31f2e787a36941f3f24d8f33aea0c]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c31c73a0f9645c2da483f2f2c3573aa4]: Words in s. 48(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 364](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/364) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-abbfd607e8dca9028206a09aaac25d2b]: Words in s. 59(2)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-df89557c5bba6a1f78511ecf67b918f3]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1438ec44ad132c6ea5262552af96657c]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1089729357a59e1e08921f871670fee5]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a9c7f22d4b43f9c22bffdc0c56462e5d]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-eda79fd8a7b360c09a925a441014f3eb]: S. 116(8AA) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d3508bb9284597da2ead7ec733ae58da]: Words in s. 116(16) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1eef8e7f1c7d6a8de2e10b41fa094b67]: Ss. 116A, 116B inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 367](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/367) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-656a84a1a06cfd700d8bc39cf0046324]: Word in s. 138(4) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/a)
[^key-df4a584c2af7d403a4fff10edeb7ad5f]: Words in s. 138(5) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/b)
[^key-a103fac52e56aec462b9f1e35e18c6c3]: Words in s. 143(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e29cbc6f3b2d70e6ce7263a83cc215a]: Words in s. 143(1)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-0da1748e4ce2bfcbb653f35fdedea46a]: Ss. 151E-151G inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 370](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/370) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ea459d67b938c92be269e112699b937d]: Words in s. 156(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b0dee11de706b198c87593c2069f6214]: Words in s. 156(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6d9292b4db07045980b190a86365dd3e]: Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 372](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/372) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ed3aaf12adaa4b198936bf4f116002ae]: Words in s. 158(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 373](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/373), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e453c07d20b2ab2bdd13c67cfb1f5a2e]: Words in s. 161(3)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 374](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/374) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6b57cf6d0da6f4f247c57d12957edc7]: Words in s. 170(9)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 375](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/375), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-25470265ef3cd3912db524bd7eb67e54]: S. 203(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 378](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/378) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e86ff9ecdbbe15452d743babbc91ca7d]: Words in s. 210A(11)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 379(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/379/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1b15bd88063a6ed3a7b49ed46364d7a9]: Words in s. 211ZA(9) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 180](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/180)
[^key-3426f3581821cdc289fcba5d578b2ea2]: Words in s. 213(8) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 181](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/181)
[^key-834640151d2008df095698ceb57fcdf5]: Words in s. 241(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c4b24b9436b62ff2615f82550545a423]: Words in s. 241(3)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-8182ff3914620ffbe19052a1ffacc382]: S. 251(8)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d7af9b1a64819a4656e277df40994b1b]: Words in s. 251(8)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-2233bb9d971a0a7751ee9a96d9ef2617]: Words in s. 253(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 382](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/382) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ce9d16c1084125fb223913cd408a0812]: Word in s. 261B(4)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 182](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/182)
[^key-201a829100757df3413f9804a16e3e39]: Word in s. 261C(3)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 183](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/183)
[^key-db08608607b5c5c34c9118f5dae74ebe]: S. 275B(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 383](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/383) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6890dd515106ecb947b43bb639bc752]: Words in s. 288(1) inserted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 184](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/184)
[^key-4cd902b6eddb4879703d592ec0e642c6]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e2cba8d38e8e54b27ea2cd16b0d66c0]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-004c060177d500f54deb453370c6c2e3]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a1954739f14933c3389999984fa96008]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/d) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4510a43998ca27f2e4c9ea31740062c6]: S. 286A inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 384](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/384) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1ddd9e173a41fbe288fe604a48ad34a3]: Sch. 7AC para. 34(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 386](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/386), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-da194ad83037af922324de5e345eaee3]: Sch. 7AC para. 34(2) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2009 (Amendment) Order 2010 (S.I. 2010/614)](https://www.legislation.gov.uk/uksi/2010/614), [art. 2](https://www.legislation.gov.uk/uksi/2010/614/article/2)
[^key-4f910189c1d7724096b5cbfcb85f564b]: Words in Sch. 7D para. 2(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 387](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/387) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-527447d8790ff5de108b9f67d9f3c6d4]: Words in Sch. 8 para. 5(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-db8419f858f209f48f361f9f9a61ab9a]: Words in Sch. 8 para. 5(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e08fb9b5ec27bbf23a2f0f07e5bda40d]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-cfcb3755143f5add3e12e130c178347b]: Sch. 8 para. 5(5)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-652577ad963e13d79e02a254a75b9b54]: Words in Sch. 8 para. 5 cross-heading substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-bd3142e7cb078665f097245dd56d1bf0]: Words in Sch. 8 para. 6(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b2cebbf04491b6458a128527b54dc211]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fdb3a0eb565c63afe1f4cd98005c6060]: Sch. 8 para. 6(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6400eaac58f0241ae0bf1aa0df74ea3f]: Sch. 8 para. 7(a)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(5)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5af101fe06ed1d210c41127360c6129d]: Words in Sch. 8 para. 7A repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(6)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-29c9435c5f892a9e3a782aa168327486]: Sch. 10 para. 14(7) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b6dc1456fdbdaa38793a9577096e3884]: Sch. 10 para. 14(27)(28) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1df83a74fc000d83938ae0254f0e34b6]: S. 24(1A)-(1C) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2009/730/article/4/2)
[^key-60fff772ddc3ce81ce3b3118f9d35263]: Words in s. 24(2) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(3)](https://www.legislation.gov.uk/uksi/2009/730/article/4/3)
[^key-b9795a54a052799be7969152fdf0e847]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/a)
[^key-40e78c60693a1a036e365e77f900ccc9]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/b)
[^key-fecbd5d091cc665dc9e26f6e07ea0ccf]: S. 24(4) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(5)](https://www.legislation.gov.uk/uksi/2009/730/article/4/5)
[^key-ebb7e5572b38bafa582eff6cb3440dff]: S. 125(4) substituted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(2)](https://www.legislation.gov.uk/uksi/2009/730/article/5/2)
[^key-2e280db0f7d4f1e65ff2d8535bf943b1]: S. 125(6) inserted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(3)](https://www.legislation.gov.uk/uksi/2009/730/article/5/3)
[^key-1a8bfa36af2ff5418bc68736081e3476]: S. 158(1)(f) and preceding word inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(2)](https://www.legislation.gov.uk/uksi/2009/730/article/6/2)
[^key-2ec0e4827479a16cb7365618644582b6]: S. 158(1A)(1B) inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(3)](https://www.legislation.gov.uk/uksi/2009/730/article/6/3)
[^key-8952824b2855288ab6b5083b1bed19a2]: Words in s. 223(3)(b) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2009/730/article/7/2)
[^key-699ed7718a6224f635c3a612e639feed]: Words in s. 223(3)(c) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2009/730/article/7/3)
[^key-e82de83764af4d3cb35fb7648e583a4e]: S. 223(3)(d) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2009/730/article/7/4)
[^key-158bd70398fcfe70d9e8bd3dae0a4316]: Words in s. 223(3) substituted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(2)](https://www.legislation.gov.uk/uksi/2009/730/article/8/2)
[^key-5673ec60b5e85c744b2901a89100937d]: S. 223(3A)(3B) inserted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(3)](https://www.legislation.gov.uk/uksi/2009/730/article/8/3)
[^key-70422e9e40709e99f1e250950d4f8cf4]: S. 225B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [9(1)](https://www.legislation.gov.uk/uksi/2009/730/article/9/1)
[^key-3ab724ec134cf6b24ac0e1f201914287]: S. 225C inserted (with effect in accordance with art. 10(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [10(1)](https://www.legislation.gov.uk/uksi/2009/730/article/10/1)
[^key-bc2eb34cc93aad618e32831c62869f7c]: S. 239 heading substituted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(2)](https://www.legislation.gov.uk/uksi/2009/730/article/11/2)
[^key-2484b95d0ee9c451a21e3c8e6b60332e]: S. 239ZA inserted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(3)](https://www.legislation.gov.uk/uksi/2009/730/article/11/3)
[^key-ca563ae10bf92cd42688b032db50f4c6]: Words in s. 258(2) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/a)
[^key-ad0529ca4cc7754be8d0d6df29fdd695]: Words in s. 258(2)(a) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/b)
[^key-8d94207f45c3e1a413cf1a6e45978958]: Words in s. 258(2)(b) omitted (with effect in accordance with art. 12(2) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(c)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/c)
[^key-bca43ff72075129ba5ba54d83e2b9bdb]: Word in s. 116B heading substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-622175623c83a1c0f0939bc46ed746d8]: Word in s. 116B(1) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-244dabc16ff7c647159c7a74256471c1]: Words in s. 116B(1)(a) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/3), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e72024702cc06837beb040e230c07b15]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/4), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-97549df711002e3032581dfbce499233]: Figure in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/a), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-a5d5cd115d2204f6cc40ae8c23039025]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e0c64c75d6551248230e0f994d37ad34]: S. 171(3A) omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/9/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-5e193b47c09b886f97c3763f3465be02]: S. 116B(1) modified (with effect in accordance with Sch. 24 para. 14(1) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/3), 15
[^key-d98fcb428c3f3cd3c20eb6d2590d5102]: S. 287(3) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/14/2)
[^key-392cc9515ea9530e1b58df81192664ed]: Words in s. 14A(3)(b) inserted (with effect in accordance with Sch. 27 para. 15(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 27 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/27/paragraph/12)
[^key-7ecce0feb1f68805fff86c02d5afd4d7]: Words in s. 25A(2)(a) substituted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/2)
[^key-84cacdb89d68ce6ea02bb4dda4d50632]: S. 25A(4) substituted for s. 25A(4)-(4D) (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/3)
[^key-57ec65eda28c5c0f6c36966317505da5]: Words in s. 25A(5) omitted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/4)
[^key-bf71670aadc3e7ab4fc8e8705174aa81]: Word in s. 35(3)(c) omitted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/a)
[^key-01d259715296bb1644d8bb7b2179b389]: S. 35(3)(ca) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/b)
[^key-c0ac79b17980b87f1cb49c3cdf18b5f6]: S. 55(5A) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/3)
[^key-31caa657f388b1a9ea9a99c3d852de0f]: Words in s. 175(2C)(b) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/4)
[^key-e2c75e34fffcab7929914f5e66df3f10]: Ss. 171A-171C substituted for s. 171A (with effect in accordance with Sch. 12 para. 5 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/12/paragraph/1)
[^key-0d2aae42ff4cc78a885c59f888b1be86]: Ss. 195A-195E inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/5)
[^key-071710195256a5cfff74ede9ba3b288d]: Words in s. 196(1) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/3)
[^key-3ead711627a69772a6594316dd1c30d3]: S. 196(1B) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/4)
[^key-4ac00c56c672552fdc81d60afb635a26]: Words in s. 196(2) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/5)
[^key-2fbfa30392b4e5ce317c45e906a52719]: Words in s. 196(3) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/6)
[^key-44c189e139afcbb0450c97fb9af25f89]: Words in s. 196(5) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/a)
[^key-b1b3bdf62374e2c97aa31c8daf923b21]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/b)
[^key-dc38ead3c6e8c80afac3ad1a172d1f91]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/c)
[^key-58301cec8f061ea46d62e8ad88e91f3a]: S. 198(2A) inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 11](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/11)
[^key-c32d6463e84a7740d0b379c840b6e96d]: S. 198(3) substituted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/10)
[^key-22b7c1e71272dc3ca926fc06b3d3ec58]: Words in s. 196 heading substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/2)
[^key-b5860f8d292feb332d076a83451242de]: Ss. 198A-198G inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/12)
[^key-390876040949e70dacaecbb8514c265b]: Words in s. 263B(2) substituted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/2) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-1d9bfd124826fede6a94043ac0924bc4]: Words in s. 263B(4)(a) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/a)
[^key-0902e8294508a0dfe45914895454869a]: Words in s. 263B(4)(b) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/b)
[^key-08c9273ce81b92dcf2d918f8736e9c4c]: Words in s. 263B(4) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/c) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-0be3ca095604c81b69e588bba237c2f4]: Words in s. 263B(7) omitted (21.7.2009) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/4)
[^key-8326ee60fc791dc0f48ef7dab5765d94]: S. 263CA inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/3) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/3))
[^key-c95c78a108895a043567c241a1531c87]: Words in Sch. 3 para. 1(2) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/7)
[^key-63dc2513f864980d52309b26790e5b66]: Sch. 5B para. 1(2)(g) and preceding word substituted for Sch. 5B para. 1(2)(g)(h) (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/2)
[^key-ea776f18efaae407ebbfbddafd3029df]: Words in Sch. 5B para. 1(2) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/3)
[^key-e6bd32a22fd4fd6d98a9e459a19e17d3]: Words in Sch. 5B para. 1A(4) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/a)
[^key-79f0260654f30f0aaa7576a49d5e80fe]: Words in Sch. 5B para. 1A(4)(a) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/b)
[^key-f8f9373d99b2eb7d8d631a7eac81ca51]: Sch. 5B para. 1A(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/3)
[^key-4b335a28d59a82c1f2b98a6805acaa73]: Sch. 5B para. 9(1)(1A) substituted for Sch. 5B para. 9(1) (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/2)
[^key-cf97cc9610579647a70ac41a8f5dd58f]: Words in Sch. 5B para. 9(2) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/3)
[^key-2a8e67ec5354ecb9e71e6a9bf476acab]: Sch. 5B para. 9(3) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/4)
[^key-b79cf7d3d3ee5641e2d390fd4f614223]: Sch. 5B para. 16(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/5)
[^key-cef46be1859c2ba67572882ef863191d]: Word in s. 169E(1) inserted (13.8.2009) by [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(a)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/a)
[^key-ae0973d07b4677ad7203aea9aee7434c]: Words in s. 169E(1) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(b)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/b)
[^key-4db8f01bf6649539755b7ead52d476b0]: S. 169G(2)-(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 31](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/31)
[^key-f5717e2956135e3e26e8530446858d9e]: S. 235 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 32](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/32)
[^key-3ab2738cdb0c091f1ff8ffde1c7227ba]: Sch. 1 para. 1(7) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-773ddf5ce6c149c2e91c091bb936f215]: Sch. 1 para. 2(9) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-b3a49a1d5bca45d15d049fdf69bd32e1]: Sch. 5 para. 10 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 35](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/35)
[^key-597d0b3c8e04ddb54a10207b211b8463]: Sch. 4ZA paras. 14-16 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 34](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/34)
[^key-ac8c622ad6e2cec0a627304357ad6b95]: Sch. 10 para. 2(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(i)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/i)
[^key-23167c40b83c8d373d4f039ca2908bde]: Sch. 10 para. 2(10)(a)(iv)(v) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(ii)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/ii)
[^key-dfb9963a2e52ef4c52a283fba4b858f6]: Words in s. 61(3)(a) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/a); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-fbe19c8030857666cc46931cd1415f41]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/b); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-12c0408f75be600c99e8d9713347a400]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/c); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-b974f25819e57e7ecb0a7cfaaa60454b]: Words in s. 170(9)(a) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2009/1890/article/3/2/c)
[^key-c76077acd3c8beed07c526b7fce7968e]: Figures in s. 176(3) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [9](https://www.legislation.gov.uk/uksi/2009/1890/article/9)
[^key-842ca43789f8c45557e370f67927bc32]: Words in s. 239(7) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [4(1)(i)](https://www.legislation.gov.uk/uksi/2009/1890/article/4/1/i)
[^key-8abf0bf0872d6f41ede4b8fc219fe0ae]: S. 179 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2009/2971/regulation/17), [18(3)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/3)
[^key-27324177db382e3c2cd1572ceea81831]: S. 179 modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [18(4)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/4)
[^key-bcfb8945f2e9fd83b2cf3d3eed89d06c]: S. 272(5) applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [10(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/10/2)
[^key-354e5f9a4bcafa9fce433da3cae89e5a]: S. 12 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-9e8bc05e6c5bbae2a541e2c553795735]: Ss. 87-90A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/4)
[^key-25b9c1da002b88b447d1d5f3a2e500bc]: Ss. 96-98 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-15184be5d5ee5ed29bc4ef36d32f542f]: Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-2f57ab9b70280ec5e5d37093965a526b]: S. 2(1) applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/a)
[^key-610ce6d0fea0b593827515ffdc9cc6a2]: S. 10 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/b)[(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/3)
[^key-ef9737aef9c4c4f350c75fa880131e54]: S. 10B applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(c)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/c)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/4)
[^key-939a37758c40b0daff266947f2f08a30]: S. 10A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2009/3001/regulation/23)
[^key-24d7889432d136dc6face55782d62ac9]: S. 13 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2009/3001/regulation/24)
[^key-c07d3ffa8a4f4178040d79532f85962f]: S. 62 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [34](https://www.legislation.gov.uk/uksi/2009/3001/regulation/34/2)
[^key-c8bd393588c89e8b8b32353a787c0cf2]: S. 135 excluded (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), [35(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/35/1)
[^key-c11150e0a4577a22d2965c42093567e8]: S. 136 excluded (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), [36](https://www.legislation.gov.uk/uksi/2009/3001/regulation/36)
[^key-edd83b2de45b4f33b1fbe7f60998b3a5]: S. 127 restricted (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [37](https://www.legislation.gov.uk/uksi/2009/3001/regulation/37)
[^key-29e5e150f583415acd532801ad7c42bb]: S. 16 excluded (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [42(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/42/2)
[^key-ff5cb1001f2c641202e40640c0818dae]: S. 104 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [43(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/43/3/a)
[^key-c7cbd1407e02c9dd88d5bf75e28d0f93]: S. 37(1) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [45(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/45/2)
[^key-d3d31fd1516cadb2502dbafd1cd25a13]: S. 162(4) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [46(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/46/2)
[^key-6558f3e5c3f2e13e49b9cebddd64637e]: S. 128 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [47(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/47/2)
[^key-cce328107c77d5b09531193eafd7dd9f]: Words in s. 108(1)(c) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/a), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-7cd185befa69f5eb48a9a91496e4ad4b]: Words in s. 108(1)(c) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/b)
[^key-9fee6ab9a1e476257c7f5fd7dfdf8938]: Words in s. 212(1)(b) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/a)
[^key-2d056c1bb61829212161f7007a58e6d4]: S. 212(5)-(7) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/b), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-b98061b0ea663b640d78966168ced34c]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/a)
[^key-1f807ae84a81232af87308e090df8038]: Words in Sch. 7AD para. 7(2) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/b)
[^key-0da77b85f412c06638f5c5c1bc44c1c0]: Sch. 10 para. 14(63) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-efabcb47f77b8bbb4b9a9224e58ea22a]: Sch. 10 para. 14(43)-(49) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-1ff942f3392bcff11560417d8a5b0ad7]: Act modified (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [reg. 3(1)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/1)
[^key-cc258e11ac8b14a1805b0c1728850b4a]: S. 288(3A) extended (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3227/regulation/1), [3(2)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/2)
[^key-47989847039c135439eb58d3ce6b41fb]: S. 2(1) extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cda4715377344cbddead5e2724ffa2da]: S. 10 extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-b2aa8f5770bf60e7dd4e3533dbcbae70]: S. 10A applied (with modifications) by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85P (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-2079dd3b90ded72aa357f9dc9b83ecb8]: S. 10B extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ba5b590a6d776ead0ae676bacf6a5f28]: S. 16 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z4 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f3aa77bc6dac57b0186ac65332f84fbe]: S. 62 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85W(2) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-a42e03bd15fd22a92c2b8c8cea03936c]: S. 128 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z8 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ce6ac0460dd43e08b71c26d09618ac72]: S. 135 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85X (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cae86b50ab3d06d33edca267e1e6e200]: S. 136 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Y (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-6a1df202dcb12410b76fcf4393851ea2]: S. 162 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f0167c342e737649b86d258ad50ad3a5]: S. 162(4) modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z7 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d2b6d8cbf88539f870ca06f7d2931633]: S. 165 modified by S.I. 2006/964, reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294)](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d34eadb56950761146661d2c82ac3e04]: S. 260 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-9cced852d460cf4f443ba8ec6287c36c]: Words in s. 287(1) substituted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4edca7e4a1bfa8ccaa47ddc0d41cec8e]: S. 287(2A) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-facc05574d35cfdd734b1c6f0e9981b0]: Words in s. 288(1) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 319](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/319) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4266de9542ef073c6fce2fc2a27d4d7b]: S. 105 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0c7aff1b85dcce72bdb09070f5b85a4c]: S. 107 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5f6081cea6f8efe23af6969a115c8d5b]: S. 48 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 208](https://www.legislation.gov.uk/ukpga/2010/4/section/208), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ba322f149898daa927e7e72203805ffc]: Ss. 272-274 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 210(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/210/1), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8d376f8f74d5b6f4224b95f4a78d3854]: S. 256(4) excluded (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 515(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/515/7), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-93090c07391e5e1773a063bd34e22765]: S. 171 modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d3cf525108c50c202bdf8723c8304c79]: Ss. 171A-171C modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-185badb0f3e95b05806b02221f051036]: S. 170(3)-(6) applied (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 996(3)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/3), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d1df36a1652a9cad6391941c440e8928]: S. 103A inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/8); S.I. 2010/670, art. 2
[^key-407ead90697e6339d3114629d9a9592b]: Word in Pt. 3 Ch. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); S.I. 2010/670, art. 2
[^key-08df6050dc651264a65e3cee3044d3df]: Words in s. 288(1) substituted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/10); S.I. 2010/670, art. 2
[^key-8a3a002645da75cf42b2f7b0979acdba]: Word in [Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/3) heading inserted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/12) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); [S.I. 2010/670](https://www.legislation.gov.uk/uksi/2010/670), [art. 2](https://www.legislation.gov.uk/uksi/2010/670/article/2)
[^key-9e753db6f12cb524275f0ced258de330]: Words in s. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 226](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/226) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fa3e4f20908eb27f5cd9497f1e9fcf84]: Words in s. 10(4) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-f36984940d55d191861f4e4cab456d4a]: Words in s. 10B(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-5e088d0eceafa0e48c3ddc6249cb61ff]: Words in s. 13(12) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 227](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/227) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-74c12f4f97cc5db9fe2af334d2afe8c3]: S. 37(5A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fbad9607b9f2d442e2ca3a382d57ef89]: Words in s. 37(2) added (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 231](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/231) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-8550bf2cc9e55ee0c10db44131720764]: S. 37A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/3/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c9c9bb0df0666fee6531dfe7dbdbcb4e]: S. 39(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/229) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9a68d6bb8c3d0093f56f6d567c8c7bf]: Word in s. 55(6)(a) omitted (with effect in accordance with art. 7(4) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-803356622767a15267c3af65a79924e8]: S. 55(6)(aa) inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-b24e889286f9da876c3bdf2328703946]: Words in s. 59(2)(b) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9fd4606627d0f0e29040d5267316604e]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a65e5176b3b1983fedd5c4b65837371a]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c3700b6ed625fc35386d67b9cb8792b]: Words in s. 96(10)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e807132473b660ad1560eb32c2b5a69]: Words in s. 99(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 199](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/199) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-40f48405aa481901b0316f59387cb55b]: Words in s. 108(1)(c) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 164](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/164) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-d1ba10c12c2e01077df38a1b0b54980f]: S. 117(6D) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 200](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/200) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e2cc3ac834d2c55b965e3fb294a33e7f]: Words in s. 117(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/231) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50fdb3d368d5eac2cb36f93d278b53f4]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9e9de111f2ede66f4089cd395a0127d]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-450c77f9a59b56bc2e20eb7fadeabde0]: Words in s. 125A(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0e01c51ff649f73e1111dfce815efeaf]: Words in s. 125A(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-400805aaba06ffedad14b9789125a726]: Words in s. 135(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-398b9aef8e82809f6649b60c6ed1ea57]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a9dabd70c5800a8686c9aa00135f0306]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-df79fc617d062e2925058335991be118]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-dda96e64994348384751f8d0e794fa60]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-6804e1e1cf56806b630b232f36a170a8]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-ca2e5abc1437b21a5c8dd76cc3de3aca]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a91684c7f56b11883b3731294c32d6b2]: Words in s. 140L(1)(c)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/235) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e7fa838e7f78081aa556aec6841f8643]: Words in s. 151BA(10)(b)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5c86d9ef1177922f7f90e82d5bfa921e]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50f5b0c53ca5ac32fd0259ec0625413c]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7796aa1d83f8813c30867783d33ed94c]: Words in s. 151BA(10)(b)(iii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3ccd75c47a22e805a8505a656a5bf353]: Words in s. 151BB(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3fa660fe42f576c7cbe51db26d1d6fb3]: Words in s. 151C(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8278b15c0471b4c8b53ce6bb49160338]: Words in s. 151D(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-16361d65b9075490ac907bf84952b23f]: S. 151F repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 201](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/201), [Sch. 10 Pt. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-554034506f295e44202101178969441b]: Pt. 4 Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_e2972858-19a8-4ed4-ca31-eeffafc6d452]: S. 151I inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 29](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/29) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fdc3c3e3-2ac3-428f-c76c-a161c869348f]: S. 151J and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/30) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_02c42ed8-0d20-4bdf-a6ab-17a4b53b9547]: S. 151L inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/32) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_d2cef17f-44d7-4eb6-a21a-72524ce9544c]: S. 151K inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/31) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_015bd60e-9046-40b3-bc46-97440d3d2925]: S. 151M inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/33) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_71e335a0-1fe7-4f7e-99d0-3e5bb711918e]: S. 151N inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/34) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_7db55573-09f7-43cd-a679-aad5ab1a5714]: S. 151O inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/35) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ebcd6eab-b60c-4e65-aad6-a28bc7bd77f4]: S. 151P and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/36) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_176dbd95-7963-4642-a243-a2b1b65bd3b4]: S. 151Q inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/37) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_1fe5bfae-7848-4074-b0a5-50ca4f832461]: S. 151R inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_416545a9-5265-4334-87d7-1105afebcaeb]: S. 151S inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/39) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4fe50031-dc7f-431d-c7a1-cf7d07893eec]: S. 151T and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fe10cdde-9ed7-431d-8919-9bddac0ce913]: S. 151U inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4b61305e-71a2-431f-a73f-0e3a07f2df4d]: S. 151V inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_841eeb5d-b63d-4992-b66c-0b2518d21e0f]: S. 151W inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ae68e326-ed1b-4ba0-e1d0-ebd49bf2686a]: S. 151X and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/44) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_55d17d2f-bc63-4240-9d1d-785fae29c8c0]: S. 151Y inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/45) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a884ff15ff70435712ebe970051ef985]: S. 151T(7) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Taxation (International and Other Provisions) Act 2010 (Amendment) Order 2010 (S.I. 2010/2901)](https://www.legislation.gov.uk/uksi/2010/2901), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2901/article/1/1), [2](https://www.legislation.gov.uk/uksi/2010/2901/article/2)
[^key-bdebe8b2c78c6dae079d4a8d0fc9ae96]: S. 161(6) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/240) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ff1a39ddde65c7753dfcb677e603ed98]: Words in s. 165A(14) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/241) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4cfe999d8dce3afaa50f8ccff1c41141]: Words in s. 170(2)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b88689aaff6dcc5deee95cbf1eaf2d5c]: Words in s. 170(6)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8234aa6ed3994f0536e0407dc10dbce]: S. 170(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-9462d010f64110e04247abaa4e96221f]: Word in s. 170(8)(a) omitted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(a)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/a)
[^key-1534a3ea00b7011ef7dfa7296b7c119c]: S. 170(8)(aa) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(b)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/b)
[^key-b63af56532fad81819bbeaffd2f772b6]: Words in s. 171(2)(da) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 243](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/243) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3505c5561b9ec0cb31bb0474f46c6695]: Words in s. 179(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c7e5de782f7dbd3a1b853042d880042a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3341421db86ef9a492d1d22916cbd55e]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-654eedb85ca9bd2cd343ddf103a9e67a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ee17d5bb5192a2f8b563476d2cca4589]: Words in s. 184H(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 245](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/245) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d666b17d0b80246e29477893218ae2c0]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d96ce1eea38d66583fac10cb8597b4d5]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ca4c125d0d999dbfed64fb8e99023d00]: Words in s. 192(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c66e97e42e99bbf85e1100c91d94e8e]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-377cca624cf222c755b2031de3f9ed81]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5239cda659e4198707da88cdfe21557a]: Words in s. 198(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 248](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/248) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d47973f8ca422236c3f5b39658b155a4]: Words in s. 203(2) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 29](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/29); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-9226e0a12c9cad4515c01dff8eca357b]: Words in s. 212(1)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 249](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/249) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fb5859b0425bc6eb1c66e32fc3e6597b]: Words in s. 212(1)(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. 165](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/165) (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-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-b36f60201d172f594631032623b386d4]: Words in s. 263B(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. 259](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/259) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab38fcf2004f3e5b9816ca43681e1761]: Words in s. 263E(1)(a) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-79e778d6ebfed5f7191ec3b4795b54ae]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cc5f9e2399e52c455b27915d81a699f8]: Words in s. 263E(6) inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(4)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/4) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e43cfefee0c9492890e7052ce2552def]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(5)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/5) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c36b5ac8119a98b3a0e2652028a78911]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(6)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/6) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a6f12f395329a14f0ad5729c1efac7ec]: Words in s. 263E(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 260](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/260) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-26c6c0d9326891d1f93e85d7b8f0b881]: Words in s. 271(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-888bc7015402221c78d7405234974e9e]: Words in s. 271(6)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1d03972a07916d56c05600371d7f8ae]: Words in s. 276(2)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 262](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/262) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5982316e786459b86dd1bbca76bed96a]: S. 277 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/45), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-0a47500c654fda9c28c14a02e5a35563]: S. 278 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 46](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/46), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-7f1a1ea48bd5b8ff51cc5fd588c31c3a]: Words in s. 279(5)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-52f55f47561c37046a1158bb0b329528]: Words in s. 279(5)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-643ab9e50514460beb215a103cb993dc]: Words in s. 286(3A)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 263](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/263) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fe1de5f3c103f55a9b92356e326a713e]: Words in s. 288(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/47) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-2d6c6495e4231d33f2fbd4735731ea09]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a541261f5d562c4584209ffc551f8fee]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ec2d66ad6b99182d5b31f2d5057ae6fc]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-693eee3fd96f6288b7e4f42cfa9f55c5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(d)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-aa49fd8526bd132baa90efca7f2147ef]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(e)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e597dff440ee8c7dd4ad8dd590c016d5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(f)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-285abd80384872cf9aa7537454075e2a]: Words in s. 288(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(g)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6f30c061611ffe1fbe8f9125548432d3]: Words in s. 288(3A)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d81b5ff9811801b63a35eb4cddaf58c5]: S. 288(3A)(e) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-196aba22eed3b269877432871e3e6c61]: Words in s. 288(8) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 202](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/202) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-486b2ef49ea7f18e34cbfef66ee55b81]: Ss. 248A-248E and cross-heading inserted (with effect in accordance with art. 8(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [8(1)](https://www.legislation.gov.uk/uksi/2010/157/article/8/1)
[^key-2c52cf27be032c869a0727f1d7b1299e]: S. 268B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [9(1)](https://www.legislation.gov.uk/uksi/2010/157/article/9/1)
[^key-f021fc1d165d23551599defa253867a1]: Words in Sch. 3 para. 7(3)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 265](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/265) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73ea8674a133bdec77aec5503ac4f35c]: Sch. 3 para. 1A inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(3)](https://www.legislation.gov.uk/uksi/2010/157/article/7/3)
[^key-0003ac38f1bf47c0c40f92d9eda55052]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-11a2100693c1466990fa5c8c2dd9c845]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b5ec147617e82f14abd0bfb7dd61e9f6]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1bcd5e7856fbec78da951d738dee18de]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-eeb122a21b22a4aab8854ed51a58751d]: Words in Sch. 5 para. 2(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-054d6182aea4486c5359a2ce7332f59f]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab9bb2709deb11cca53f9febedd8f806]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0559f42380d963495ed3c66689883959]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-47eda05d9710662a281db9c7e83f5921]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4f64ff6e341a7740f60cd704549aee85]: Words in Sch. 5 para. 2A(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d7bbd29d595da013dd3a96c6058e1195]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1f95e3543bb5d39a0d22c38c11809d0]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-632b3ce5ba78954beae956860f2e1945]: Words in Sch. 5 para. 8(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-88cea614e42865149f305551f6d6453b]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3a1b7d636def9e76a3e52dbd3b9cd41e]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a0b42e7c279aa342702f9b27016aa0c]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7304f1866bb5c387f460fce4a858158]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a3c634eebb816ace19fb32d4f105c3e0]: Words in Sch. 5 para. 9(11) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-459435e4514bc2cce5b4d4bb8c326107]: Words in Sch. 5AA para. 4(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6eabe71b875174963ac04ce15ae7d43d]: Words in Sch. 5AA para. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-90466fc45498b2c7099867d52e44cf65]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4ac89ee10e391230c7f273dbe0bdedda]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1c256cce464613fcf8b396987d3fffbb]: Words in Sch. 7AC para. 5(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7de2c1469e84e8cc147ee5b840364b4]: Sch. 7AC para. 8(2) substituted for Sch. 7AC para. 8(2)(3) (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-24b63841d74bbb4a4e08b1f3653dd668]: Words in Sch. 7AC para. 8(2) substituted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/3)
[^key-540877340414267cd069fd6cd9479452]: Words in Sch. 7AC para. 17(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e6a494af4bc924fc835416b7d8eecba1]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-62a86c30fe8b927c147941eb6915b9b9]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-69434fe0e85433febd0f5aefbbeb1838]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 166](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/166) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-3d855a28a891e2ac575b84002f6df501]: Words in Sch. 8 para. 9(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 244](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/244) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-685dfa50134d9d0cbce999fdfa170f2c]: Sch. 10 para. 3 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cff185289988f339d82da44f2f80bb85]: Sch. 10 para. 14(19) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a6978fc43f2e05f1698da09f29e8f756]: Sch. 10 para. 14(14) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0b78e26be6f44c126d7db23565089140]: Sch. 10 para. 14(20) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d4ae496ab0f5862288a64b6e51286d28]: Sch. 10 para. 14(32) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-acee1e8f73e45fd72a8f3427de367d79]: Sch. 10 para. 14(51) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-85f99df33e4b3cff5f3bff813e42154f]: Sch. 10 para. 14(54) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-89dbdb28fc4e0c77885987a4b0f985e9]: Sch. 10 para. 14(55) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-01f7cbcc85e1d2ae365a6da8a51a5837]: Sch. 10 para. 16(6) repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a85692ecc28106f774233f450fa3d54d]: Pt. 4 Ch. 4 applied (with modifications) (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-39cd41ece8d3464d025358ed47b6e41e]: S. 151W(b) modified (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9d2266cff61c51d6e733a53fa72156c3]: Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 6 Pt. 2](https://www.legislation.gov.uk/ukpga/2010/8/schedule/6/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-36cb4cd87b9bcd02ba09f79afe0d7eb3]: Words in s. 140(4) substituted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/a)
[^key-f6adb31ad7de0adf5588d5ab4fa20f19]: S. 140(4A) inserted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/b)
[^key-b2eec19dc7a5575befe590ec4da71443]: Sch. 7AC para. 35 omitted (with effect in accordance with s. 37(3) of the amending Act) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/2)
[^key-bc279a1ba044257ed395db94fe53eb1d]: Sch. 8A inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2010/13/schedule/9/paragraph/2)
[^key-f4fb6dc4a620d33114dd9c46d7919bcb]: Words in s. 169H(1) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/4)
[^key-4a46493a1659aa2d4eed7de8bcc40e20]: Ss. 4, 4A substituted (with effect in accordance with Sch. 1 para. 12 of the amending Act) for s. 4 by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/2) (with [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/18))
[^key-940fac0d0ad27b649d9ceede394b38b2]: S. 4B inserted (with effect in accordance with Sch. 1 para. 13 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/3)
[^key-650142c95da88c84a5037548ddaa110d]: S. 169N(2)-(4B) substituted for s. 169N(2)-(4) (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/2)
[^key-667849f682dfbcbcc940de3c3f954f49]: Words in s. 169N(7) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(3)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/3)
[^key-19df34405faaaf2f505544189fda1401]: Words in s. 169O(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/6)
[^key-b52a78edba90493908cee038a0a89082]: Words in s. 169P(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/7)
[^key-31c1de9894434392ef5499d0cc1802db]: S. 169R substituted (with effect in accordance with Sch. 1 para. 15 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/8)
[^key-8612bfe2191f24160a96041f269896fc]: Sch. 5B para. 1(5A) inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/9/2)
[^key-8761bb75553550df1911883531245e13]: S. 22(4) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/2) (with [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/3))
[^key-1e992296c0fc4ef8c22c8167cf5e7218]: S. 122(6) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/3) (with [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/4))
[^key-1df7283444504b4d887f698c5c686c44]: S. 223(8)(aa) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/1)
[^key-47ba1b837c82e29ec488a70281acd9bc]: S. 224(4) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(2)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/2)
[^key-62445f6b6d3001fa675a73d9544cba13]: S. 225D inserted (with effect in accordance with s. 16(4)(5) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(3)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/3)
[^key-bc0f627f676ff20f457d5e02f4955b46]: S. 198H inserted (with effect in accordance with s. 17(2) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/17/1)
[^key-8ac7ad9c3f62d66d964ae9a5a9a75c94]: S. 142A inserted (with effect in accordance with Sch. 4 para. 12 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2010/33/schedule/4/paragraph/1)
[^key-373f5965a671396a7e06a325d96dd286]: S. 26A inserted (1.2.2011) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 39(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/7)[(8)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/8); [S.I. 2011/23](https://www.legislation.gov.uk/uksi/2011/23), [art. 2](https://www.legislation.gov.uk/uksi/2011/23/article/2)
[^key-7560e22e2f77a5fef4de439618bf1b70]: Act applied (with modifications) (8.2.2011) by [The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)](https://www.legislation.gov.uk/uksi/2011/245), [reg. 1](https://www.legislation.gov.uk/uksi/2011/245/regulation/1), [Sch. 6 Pt. 1](https://www.legislation.gov.uk/uksi/2011/245/schedule/6/part/1) (with [reg. 27(a)](https://www.legislation.gov.uk/uksi/2011/245/regulation/27/a))
[^key-8673b85ff65de819c4cc92516ea5c995]: S. 283 restricted (1.4.2011) by [The Finance Act 2009, Sections 101 to 103 (Income Tax Self Assessment) (Appointed Days and Transitional and Consequential Provisions) Order 2011 (S.I. 2011/701)](https://www.legislation.gov.uk/uksi/2011/701), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2011/701/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2011/701/article/4/2), [5](https://www.legislation.gov.uk/uksi/2011/701/article/5)
[^key-752d9e89ac08a96a68473d8a2603e53e]: Words in s. 103A(2)(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(a)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/a)
[^key-1b17926d5cf21c6553314528c3d8eecf]: S. 103A(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(b)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/b)
[^key-ce2da81b0d29010cea33f1f7f02879fb]: S. 103B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(3)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/3)
[^key-e0aa11378e1e5c03677cda3066819b01]: Words in s. 106A(10) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(4)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/4)
[^key-39ea01874d6d6c291db7ab6543ac7c8f]: Words in s. 140H(2)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/2)
[^key-a5c75822af8ebe34935cdac8b07d1561]: Words in s. 140L(1)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(a)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/a)
[^key-55af64c64f8fb4400f10a160a6fb58b9]: Words in s. 140L(1)(b)(c) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(b)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/b)
[^key-49845525f83be0d1feeb6c208297d12a]: S. 3(3) excluded (for the tax year 2011-12) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(5)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/5)
[^key-502d89f36e53ab982106bff2c428122a]: Act modified by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 363A(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/363A/3) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 59](https://www.legislation.gov.uk/ukpga/2011/11/section/59))
[^key-d909ae6f3c684429770ca5ae79d3fba6]: S. 170(2)-(11) applied (with modifications) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 554Z(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/554Z/5) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/1))
[^key-32a3f0f46cb1bff8f0066588ca793431]: S. 3(2) substituted (with effect in accordance with s. 8(4) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/2)
[^key-db6f54c70aa0f8ed68275d5754fd104e]: S. 3(3)(3A)(3B)(4) substituted for s. 3(3)(4) (with effect in accordance with s. 8(6) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/3)
[^key-94bf92cd2be947b863f98c7ffbc433ff]: Words in s. 30(1)(a) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/a)
[^key-7f0b230df1bd7c16526962bad43693f8]: S. 30(2) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/b)
[^key-92e1153d7fc868caee1deb62af8c9af1]: S. 30(8) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/c)
[^key-ebc5ace92d22f0d413af07b33e4076e4]: S. 31 substituted for ss. 31-34 (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/2)
[^key-e88ebcf030b354e47752ff36db96224f]: Words in s. 119A(5)(a) substituted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/a)
[^key-242b8910f0ce53b1e6a325adf8261f0c]: Words in s. 119A(5A) inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/b)
[^key-e82ae11844a45af18eaad6f28938a82e]: S. 119C inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/3)
[^key-030c1d8a5b2916a0e924c0afa2af7627]: S. 139(1B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/1)
[^key-a172b91f5029a6e4c8b88b6943d80cf9]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/a)
[^key-68b376e3e6c9019915ab2d161bc39209]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/b)
[^key-532320a4826b36c23e7b5271afb63bed]: Sum in s. 169N(4) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/a)
[^key-3f097b3d736d54ca3f277a3741c088ee]: Sum in s. 169N(4A) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/b)
[^key-749f1a3b09300512f6302e5649b23858]: S. 171A(7) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/2)
[^key-893231aca8e7035dc1cce35c4ff34cc8]: Words in s. 176(1) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/3)
[^key-92d88e1efdd814c8d1731a228fcd020a]: Words in s. 177A omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/1)
[^key-0d1b365e1ba6d4872e1d3c0893bf72c6]: Words in s. 179(2A) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/a)
[^key-d8541621120403c6eed1e06886b8453b]: S. 179(2A)(c)(d) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/b)
[^key-ca66bb33c2a7c17abdddc70d6acd9e28]: S. 179(2AA)(2AB) inserted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/3)
[^key-8512b1fd3e30f62a616ccdf4f2032513]: Words in s. 179(2B) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(4)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/4)
[^key-3b5a97be51765ca128892e25776f176f]: Words in s. 179(1)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/2)
[^key-3dc22e6476874783c312caa3472f39b5]: Words in s. 179(1A) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/3)
[^key-0c3fbd9b3b8124a1db6ea35d4f7c08f4]: S. 179(2)-(2ZB) substituted for s. 179(2) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/4)
[^key-d813549a10778f9d23194b32f9d0864e]: S. 179(2A)(a)(aa) substituted for s. 179(2A)(a) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/5)
[^key-2089d2308204e22ff11b67cbcf9b3f90]: S. 179(3A)-(3H) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/6)
[^key-813fe03fe1f9d3a8a67c5d2301ed8ef3]: S. 179(5) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/7)
[^key-1cab605e609141b3b366c7cc5c030fdd]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/a)
[^key-bbc7c9d5930b3639451ffa454838ef38]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/b)
[^key-de72caf99f0adffeb9be02f5683a81a9]: Words in s. 179(7) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(9)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/9)
[^key-c87e1ac7b428ddba94c90fcddc14b7b4]: S. 179(7A)(7B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(10)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/10)
[^key-962fef0a1a5445d4086e978f29b7b127]: Words in s. 179(8) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(11)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/11)
[^key-65f871c227b1fb73cacaabb227bcdc4e]: S. 179(10)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(12)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/12)
[^key-8e936d449486b8d564b0b90a1a9582a4]: S. 179(10A) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(13)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/13)
[^key-e5d08709130902807508b77d720b30cb]: Words in s. 179(9)(b) inserted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/4)
[^key-041b00da76f3971e4746ed830699869f]: S. 179ZA inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/4)
[^key-d3b90d5e9bbe8c1a24cacfcdf4b5ac5a]: S. 179A repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/a)
[^key-a2a91341f45faf3c50ebf8fb752a880a]: S. 179B repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/b)
[^key-5eededc2ccabbe0d1d0d7991c0f41c3f]: Sch. 7AB repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/c)
[^key-b91d2c1672ddbe6e59038eec477d47e5]: Word in s. 195A(1) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/1)
[^key-1dd5993518bd9db4e3e877db33317024]: S. 195F inserted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/2)
[^key-e38fd002a1c2506fdd5e11fc476ab7fe]: Word in s. 196(1B) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/3)
[^key-31de6da00159805b6c65c78b2e69d047]: Word in s. 196(5) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/a)
[^key-943fe7d2369216b7c5aa0898ebc2e8cf]: Words in s. 196(5) omitted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/b)
[^key-05e5d30bea1965c7f50a8a8da4114188]: S. 196(5B)-(5F) substituted for s. 196(5B) (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/5)
[^key-9f55e3e94e6c1a36ab3a517ee7273236]: Word in s. 196 heading substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/2)
[^key-c0292254de4712dd27fa9ac7a68d15d6]: S. 198I inserted (with effect in accordance with Sch. 15 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/5)
[^key-333d5a9655acb1e76bd5ccab2bf57834]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/b)
[^key-d3fdfa76e7b6d7ad67f7cbbdff26426a]: Words in s. 241(4) inserted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/c)
[^key-32e0b9d73e4cacc7b3f27c7cfe070bcc]: Words in s. 241 heading substituted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/a)
[^key-661525b95d1ba4bc847275d82a26e18c]: S. 241A inserted (with effect in accordance with Sch. 14 paras. 15-17 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/3)
[^key-ba01eee616c8de6fd1fe05ab55f2828d]: Word in Sch. 7A para. 1(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/2)
[^key-012c2f1ce502343377490b1cfc8aebc4]: Sch. 7A para. 1(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/3)
[^key-a9791dc9c9040f5d4946030ec182af94]: Sch. 7A para. 1(3)(3A)(4)(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/4)
[^key-86c5aa12bb7212c2defa695d49246bed]: Word in Sch. 7A para. 1(6) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/5)
[^key-a48703f319133d1dd864f835511b1d84]: Sch. 7A para. 1(8) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/6)
[^key-bab206fafe1c9cf82aa044377bab89bb]: Sch. 7A paras. 2-5 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/4)
[^key-febfc85d632acf80c7b9d000a99c0b4d]: Sch. 7A para. 6(2)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/a)
[^key-e3e6d6363c1aa6ddf7029f0308eb0e9e]: Words in Sch. 7A para. 6(2)(b) omitted (with effect in accordance with paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/b)
[^key-331225e3423020275fbbb0e0cb67b475]: Sch. 7A para. 6(3)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/a)
[^key-cc86e5aa2785ff6865fa91bb7400990e]: Words in Sch. 7A para. 6(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/b)
[^key-a8865f833fcc94a48e21ea91f2d2a3fb]: Sch. 7A para. 7(1)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/2)
[^key-d735672544801d405340199523ad5499]: Sch. 7A para. 7(1A)-(1C) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/3)
[^key-428e63cfb421763e8c0616ae8032c276]: Sch. 7A para. 7(2) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/4)
[^key-f88a5cc9d9bfd5fc927c43fcf2c146e1]: Words in Sch. 7A para. 7(3) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/a)
[^key-6284b759ef763814e3e9c2cb495dfe33]: Sch. 7A para. 7(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/b)
[^key-de45d16ee2db436372c91cf1589c9e6e]: Words in Sch. 7A para. 7(3)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/c)
[^key-f32f9ac03eccfdd6d88533f53e2e849f]: Sch. 7A para. 7(4)-(4C) substituted for Sch. 7A para. 7(4) (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/6)
[^key-fbdd6038477818e48f1c31a247723b01]: Words in Sch. 7A para. 7(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/7)
[^key-123c86393ff19e2493cc8d63ee24a8cb]: Words in Sch. 7A para. 7(6)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(8)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/8)
[^key-2b502f0700ee3b025c84f9db2a507f3e]: Words in Sch. 7A para. 8(1) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/a)
[^key-6986d0674ff27d34fa488944c491760d]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/b)
[^key-e5c9d03958a272c6bed1de2940f36e52]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/c)
[^key-172368e5c04770336ca3e79efcf8a0bf]: Sch. 7A para. 8(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/3)
[^key-ff08fbd6b8ccb4193b7a082bfe8dc886]: Sch. 7A para. 9 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/8)
[^key-1555c7d73a896f7a0a5f6b520368cf3f]: Sch. 7A para. 11(3)(b) and preceding word omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/9)
[^key-62e9123d16d389c649dc9214e16d1391]: Sch. 7AC para. 15A and cross-heading inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/2)
[^key-1f8444982b424716cad44e6392b36125]: Sch. 7AC para. 19(2A)-(2C) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/3)
[^key-c25572611b981979dc0c5ca188339054]: S. 276A inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/13), [31](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/31)
[^key-698f2400aa352e84466c4a12cecba361]: S. 257A inserted (with effect in accordance with Sch. 3 para. 27 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/3/paragraph/3)
[^key-7d99c28f206090843440d79750c6c0e7]: Act modified (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 2 para. 1(2)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/4); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-853e6d412ee37b90e2a421b63c1363c6]: S. 288(3A)(l) inserted (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 12 para. 145](https://www.legislation.gov.uk/ukpga/2011/5/schedule/12/paragraph/145); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-8c7d24e162513a458444c82e1bf3805f]: S. 271 modified by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 34A(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/34A/3) (as inserted (15.1.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 224(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/224/2); [S.I. 2012/57](https://www.legislation.gov.uk/uksi/2012/57), [art. 4(1)(cc)](https://www.legislation.gov.uk/uksi/2012/57/article/4/1/cc))
[^key-86e5a09f37872ae9f4c6dffa9ebe18ee]: [S. 122(5A)](https://www.legislation.gov.uk/ukpga/1992/12/section/122/5A) inserted (with effect in accordance with art. 18 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266)](https://www.legislation.gov.uk/uksi/2012/266), [arts. 1](https://www.legislation.gov.uk/uksi/2012/266/article/1), [17](https://www.legislation.gov.uk/uksi/2012/266/article/17)
[^key-546e228f6bc0680ff8080caf2f057544]: Words in s. 222(8B)(b)(iii) substituted (with effect in accordance with S.I. 2012/736, art. 8) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/2), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 8](https://www.legislation.gov.uk/uksi/2012/736/article/8)
[^key-d81f80ef877a48161ae2af60dfde99ca]: S. 256(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-4b63610feb80c11d4d60ccaf56e6dd13]: S. 256(8) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-fee25e131211b4c8697cbec93625c3a2]: S. 256C(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/4), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-c697cf0a22898cc4967c0f94dd3418e5]: S. 256D(7) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/5), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-e8197afc1a3c19fb263741caf8f1aa34]: S. 288(3A)(m) inserted (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6/3); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 3(b)](https://www.legislation.gov.uk/uksi/2012/628/article/3/b)
[^key-11df50c72118bc597805f92ccad0c885]: Act modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6); S.I. 2012/628, art. 3(b)
[^key-671be472b35850cba884622cad7d8721]: Act modified (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/4); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-beb44ad0af6d57302f767268ccf92a6a]: Words in s. 219(1)(c) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(2)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/2)
[^key-faf5491163dc57b3accbb3d4667f3747]: Words in s. 219(2) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(a)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/a)
[^key-69d90dd0096429959e3a6a515c887b9a]: Words in s. 219(2) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(b)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/b)
[^key-020cfc6e33b55a0f9054a1f86c57ea89]: Words in s. 219(1)(d) substituted (1.4.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/2), [Sch. 19 para. 32](https://www.legislation.gov.uk/ukpga/2011/20/schedule/19/paragraph/32); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 6(i)](https://www.legislation.gov.uk/uksi/2012/628/article/6/i) (with [arts. 9](https://www.legislation.gov.uk/uksi/2012/628/article/9), [11](https://www.legislation.gov.uk/uksi/2012/628/article/11), [14](https://www.legislation.gov.uk/uksi/2012/628/article/14), [15](https://www.legislation.gov.uk/uksi/2012/628/article/15), [17](https://www.legislation.gov.uk/uksi/2012/628/article/17))
[^key-e47196320aa2b484eb5bb5b08522cf80]: Words in s. 259(3)(c) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(4)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/4)
[^M_F_22b109f3-6eee-4aff-d28a-ffcaf68acb95]: Words in s. 271(7) repealed: (with effect in accordance with [s. 46(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/b) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/d), Sch. 11 Pt. 2(12) (with s. 46(7)); (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)
[^M_F_35d751a2-fee9-4461-9084-a92684035924]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_fd4a2149-4e0c-4778-eda7-6bca132a1763]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_371fddd5-984b-4443-dd48-60b82610b7a6]: Words in s. 271(7) substituted (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/a) (with s. 46(7))
[^key-c24a40d4a45eaa26aecf2e0ccb6d68c8]: Word in s. 271(7) inserted (1.4.2012) by [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-60f433c7d07203adeed60146a6f4fa20]: Words in s. 271(7) omitted (1.4.2012) by virtue of [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-414c88a837918e326a4c695325c87585]: S. 288(3A)(k) inserted (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 5 para. 16](https://www.legislation.gov.uk/ukpga/2011/4/schedule/5/paragraph/16); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-92f24ab596cdd22fa76ebf8ef41c0992]: Words in Sch. 5B para. 19(1) substituted (retrospective to 6.4.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 32](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/32), [35](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/35)
[^key-5e9d3f32ad42cf570d7221ff211a4bf0]: S. 3(3) excluded (for the tax year 2012-13) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/6)
[^key-cf816140348691076856d7428df84ff1]: S. 171 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-109d083260ac3afc7d0b76b8644abaeb]: S. 173 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-160ed9411185e0b0abf1e6d7e97f3203]: S. 105 modified (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 121(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/121/4) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-33cc0d441971e5f0c24e380443582c87]: S. 138(2) applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 257HB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/257HB/2) (as inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/1))
[^key-6b05a692e2c30561f4c78d77f2f1bcfa]: Words in s. 3(2) substituted (for the tax year 2012-13 and subsequent tax years in accordance with s. 34(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/2)
[^key-6a8f021a943a7db3037b7a6886b27ca3]: Word in s. 3(3) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-686957ff01fb0e94bebb14035cc605f4]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-7e4a4c0791c92d4cf4f3a0e5032f6296]: Words in s. 3(3B) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-f7e08f90382bf9dd7868152845d2b794]: Words in s. 3(4) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-ec804489581c714d14eea4fbc28699cc]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/b)
[^key-4e232860cc26545dd96dc50319853a38]: S. 10B(3A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 73](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/73)
[^key-3b09a6c7933f14070d94b73e518f48d7]: S. 13(5)(c) omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/2)
[^key-faa15ad56f692744998036562345201e]: Words in s. 99A(2) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/2)
[^key-5f96dc815a49c99979c5630723f36038]: S. 103C inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/3)
[^key-b028926b48a69308cc9087118710c426]: Words in s. 100(2B)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 74](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/74)
[^key-f887ec2b2328f54f314de2ae6b60b06d]: Words in s. 100(2B)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 15](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/15)
[^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)](https://www.legislation.gov.uk/ukpga/1992/12/section/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](https://www.legislation.gov.uk/ukpga/1992/12/section/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](https://www.legislation.gov.uk/ukpga/1992/12/section/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)
[^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))
#### Calculation of the disposal cost of accumulation units
#### Shares beginning or ceasing to be shares to which section 521B of CTA 2009 applies
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
##### 214A
#### Section 119A: unremitted foreign securities income
#### Effect of share loss relief
#### Roll-over relief on re-investment by trustees.
#### Use of earn-out rights for exchange of securities.
#### Roll-over relief on re-investment by trustees.
#### Postponement of charge on transfer of assets to non-resident company.
#### Seed enterprise investment scheme: reduction of relief
#### Seed enterprise investment scheme: re-investment
##### 98A
Schedule 5A to this Act (which contains general provisions about information relating to settlements with a foreign element) shall have effect.
##### 144A
- (1) In any case where—
- (a) an option is exercised; and
- (b) the nature of the option (or its exercise) is such that the grantor of the option is liable to make, and the person exercising it is entitled to receive, a payment in full settlement of all obligations under the option,
subsections (2) and (3) below shall apply in place of subsections (2) and (3) of section 144.
- (2) As regards the grantor of the option—
- (a) he shall be treated as having disposed of an asset (namely, his liability to make the payment) and the payment made by him shall be treated as incidental costs to him of making the disposal; and
- (b) the grant of the option and the disposal shall be treated as a single transaction and the consideration for the option shall be treated as the consideration for the disposal.
- (3) As regards the person exercising the option—
- (a) he shall be treated as having disposed of an asset (namely, his entitlement to receive the payment) and the payment received by him shall be treated as the consideration for the disposal;
- (b) the acquisition of the option (whether directly from the grantor or not) and the disposal shall be treated as a single transaction and the cost of acquiring the option shall be treated as expenditure allowable as a deduction under section 38(1)(a) from the consideration for the disposal; and
- (c) for the purpose of computing the indexation allowance (if any) on the disposal, the cost of the option shall be treated (notwithstanding paragraph (b) above) as incurred when the option was acquired.
- (4) In any case where subsections (2) and (3) above would apply as mentioned in subsection (1) above if the reference in that subsection to full settlement included a reference to partial settlement, those subsections and subsections (2) and (3) of section 144 shall both apply but with the following modifications—
- (a) for any reference to the grant or acquisition of the option there shall be substituted a reference to the grant or acquisition of so much of the option as relates to the making and receipt of the payment or, as the case may be, the sale or purchase by the grantor; and
- (b) for any reference to the consideration for, or the cost of or of acquiring, the option there shall be substituted a reference to the appropriate proportion of that consideration or cost.
- (5) In this section “*appropriate proportion*” means such proportion as may be just and reasonable in all the circumstances.
##### 150A
- (1) For the purpose of determining the gain or loss on any disposal of ... shares by an individual where—
- (a) an amount of EIS relief is attributable to the shares, and
- (b) apart from this subsection there would be a loss,
the consideration given by him for the shares shall be treated as reduced by the amount of the EIS relief.
- (2) Subject to subsection (3) below, if on any disposal of ... shares by an individual after the end of the period referred to in section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 where an amount of EIS relief is attributable to the shares, there would (apart from this subsection) be a gain, the gain shall not be a chargeable gain.
- (2A) Notwithstanding anything in section 16(2), subsection (2) above shall not apply to a disposal on which a loss accrues.
- (3) Where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 304 of the Taxes Act or section 245 of ITA 2007 (spouses and civil partners) as reduced) for any year of assessment under section 289A of the Taxes Act or section 158 of ITA 2007 in respect of any issue of shares,
- (b) the amount of the reduction (“A”) is less than the amount (“B”) which is equal to tax at the EIS original rate for that year on the amount subscribed for the issue, and
- (c) A is not found under section 289A(2)(b) of the Taxes Act or (as the case may require) is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007,
then, if there is a disposal of the shares on which there is a gain, subsection (2) above shall apply only to so much of the gain as is found by multiplying it by the fraction—
$AB$
- (3A) In subsection (3) “*EIS original rate*” has the meaning given by section 256A of ITA 2007, except that where the year mentioned in subsection (3)(b) is the tax year 2007-08 or an earlier year, it means 20%.
- (4) Any question as to—
- (a) which of any shares acquired by an individual at different times a disposal relates to, being shares to which EIS relief is attributable, or
- (b) whether a disposal relates to shares to which EIS relief is attributable or to other shares,
shall for the purposes of capital gains tax be determined as for the purposes of section 299 of the Taxes Act or as provided by section 246 of ITA 2007; and Chapter I of this Part shall have effect subject to the foregoing provisions of this subsection.
- (5) Sections 104, 105 and 106A shall not apply to shares to which EIS relief is attributable.
- (6) Where an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds, namely—
- (a) shares to which EIS relief is attributable and to which subsection (6A) below applies,
- (b) shares to which EIS relief is attributable and to which that subsection does not apply, ...
- (ba) shares to which SEIS relief is attributable; and
- (c) shares to which neither EIS nor SEIS relief is attributable,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply (subject to the following provisions of this section) separately to shares falling within paragraph (a), (b), (ba) or (c) above (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (6A) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 5B to this Act against the whole or part of any gain; and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (7) Where—
- (a) an individual holds shares (“*the existing holding*”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, EIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 shall not apply in relation to the existing holding.
- (8) Sections 135 and 136 shall not apply in respect of shares to which EIS relief is attributable.
- (8A) Subsection (8) above shall not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company’s assets on its winding up and no present or future ... right to be redeemed,
- (b) the new shares are issued on or after 29th November 1994 and after the end of the relevant period, and
- (c) the condition in subsection (8B) below is satisfied.
- (8B) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007.
- (8C) In subsection (8A) above—
- (a) “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136;
- (b) “*relevant period*” means the period found by applying section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (8) above and by reference to those shares.
- (8D) Where shares to which EIS relief is attributable are exchanged for other shares in circumstances such that section 304A of the Taxes Act or section 247 of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (8) above shall not have effect to disapply section 135; and
- (b) the following—
- (i) subsections (2)(b), (3) and (4) of section 304A of the Taxes Act and subsection (5) of that section so far as relating to section 306(2) of that Act, or
- (ii) sections 247(3)(b), 248(2)(a) and 249 of ITA 2007,
shall apply for the purposes of this section as they apply for the purposes of Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (9) Where the EIS relief attributable to any shares is reduced by virtue of section 305(2) of the Taxes Act—
- (a) the sums allowable as deductions from the consideration in the computation, for the purposes of capital gains tax, of the gain or loss accruing to an individual on the disposal of any of the allotted shares or debentures shall be taken to include the amount of the reduction apportioned between the allotted shares or (as the case may be) debentures in a way which is just and reasonable, and
- (b) the sums so allowable on the disposal (in circumstances in which the preceding provisions of this section do not apply) of any of the shares referred to in section 305(1)(a) shall be taken to be reduced by the amount mentioned in paragraph (a) above, similarly apportioned between those shares.
- (10) There shall be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of EIS relief being given or withdrawn.
- (10A) In this section—
- “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*SEIS relief*” means relief under Part 5A of ITA 2007.
- (11) Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) applies for the purposes of this section to determine whether EIS relief is attributable to any shares and, if so, the amount of EIS relief so attributable; and “*eligible shares*” has the same meaning as in that Chapter or means shares that meet the requirements of section 173(2) of ITA 2007.
- (12) References in this section to Chapter III of Part VII of the Taxes Act or any provision of that Chapter are to that Chapter or provision as it applies in relation to shares issued on or after 1st January 1994.
- (13) References in this section to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.
##### 164BA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 214B
##### 164MA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### 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.
#### Application of sections 127 to 131.
#### Procedure for clearance in advance.
#### Postponement of charge on transfer of assets to non-resident company.
## SCHEDULE 5A
##### 1
In this Schedule “*the commencement day*” means the day on which the Finance Act 1994 was passed.
##### 2
- (1) This paragraph applies if—
- (a) a settlement was created before 17th March 1998,
- (b) on or after the commencement day a person transfers property to the trustees otherwise than under a transaction entered into at arm’s length and otherwise than in pursuance of a liability incurred by any person before that day,
- (c) the trustees are neither resident nor ordinarily resident in the United Kingdom at the time the property is transferred, and
- (d) the transferor knows, or has reason to believe, that the trustees are not so resident and ordinarily resident.
- (2) Before the expiry of the period of twelve months beginning with the relevant day, the transferor shall deliver to the Board a return which—
- (a) identifies the settlement, and
- (b) specifies the property transferred, the day on which the transfer was made, and the consideration (if any) for the transfer.
- (3) For the purposes of sub-paragraph (2) above the relevant day is the day on which the transfer is made.
##### 3
- (1) This paragraph applies if a settlement is created on or after the commencement day, and at the time it is created—
- (a) the trustees are neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees are resident and ordinarily resident in the United Kingdom but fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who—
- (a) is a settlor in relation to the settlement at the time it is created, and
- (b) at that time fulfils the condition mentioned in sub-paragraph (3) below,
shall, before the expiry of the period of three months beginning with the relevant day, deliver to the Board a return specifying the particulars mentioned in sub-paragraph (4) below.
- (3) The condition is that the person concerned is domiciled in the United Kingdom and is either resident or ordinarily resident in the United Kingdom.
- (4) The particulars are—
- (a) the day on which the settlement was created;
- (b) the name and address of the person delivering the return;
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (5) For the purposes of sub-paragraph (2) above the relevant day is the day on which the settlement is created.
##### 4
- (1) This paragraph applies if a settlement is created on or after 19th March 1991, and at the time it is created—
- (a) the trustees are neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees are resident and ordinarily resident in the United Kingdom but fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who—
- (a) is a settlor in relation to the settlement at the time it is created,
- (b) at that time does not fulfil the condition mentioned in sub-paragraph (3) below, and
- (c) first fulfils that condition at a time falling on or after the commencement day,
shall, before the expiry of the period of twelve months beginning with the relevant day, deliver to the Board a return specifying the particulars mentioned in sub-paragraph (4) below.
- (3) The condition is that the person concerned is domiciled in the United Kingdom and is either resident or ordinarily resident in the United Kingdom.
- (4) The particulars are—
- (a) the day on which the settlement was created;
- (b) the name and address of the person delivering the return;
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (5) For the purposes of sub-paragraph (2) above the relevant day is the day on which the person first fulfils the condition as mentioned in paragraph (c) of that sub-paragraph.
##### 5
- (1) This paragraph applies if—
- (a) the trustees of a settlement become at any time (the relevant time) on or after the commencement day neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees of a settlement, while continuing to be resident and ordinarily resident in the United Kingdom, become at any time (the relevant time) on or after the commencement day trustees who fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who was a trustee of the settlement immediately before the relevant time shall, before the expiry of the period of twelve months beginning with the relevant day, deliver to the Board a return specifying—
- (a) the day on which the settlement was created,
- (b) the name and address of each person who is a settlor in relation to the settlement immediately before the delivery of the return, and
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (3) For the purposes of sub-paragraph (2) above the relevant day is the day when the relevant time falls.
##### 6
- (1) Nothing in paragraph 2, 3, 4 or 5 above shall require information to be contained in the return concerned to the extent that—
- (a) before the expiry of the period concerned the information has been provided to the Board by any person in pursuance of the paragraph concerned or of any other provision, or
- (b) after the expiry of the period concerned the information falls to be provided to the Board by any person in pursuance of any provision other than the paragraph concerned.
- (2) Nothing in paragraph 2, 3, 4 or 5 above shall require a return to be delivered if—
- (a) before the expiry of the period concerned all the information concerned has been provided to the Board by any person in pursuance of the paragraph concerned or of any other provision, or
- (b) after the expiry of the period concerned all the information concerned falls to be provided to the Board by any person in pursuance of any provision other than the paragraph concerned.
##### 150B
- (1) This section has effect where section 150A(2) applies on a disposal of ... shares, and before the disposal but on or after 29th November 1994—
- (a) value is received in circumstances where EIS relief attributable to the shares is reduced by an amount under section 300(1A)(a) of the Taxes Act or section 213(2)(a) of ITA 2007,
- (b) there is a repayment, redemption, repurchase or payment in circumstances where EIS relief attributable to the shares is reduced by an amount under section 303(1A)(a) of the Taxes Act or section 224(2)(a) of ITA 2007, or
- (c) paragraphs (a) and (b) above apply.
- (2) If section 150A(2) applies on the disposal but section 150A(3) does not, section 150A(2) shall apply 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) whose numerator is equal to the amount by which the EIS relief attributable to the shares is reduced as mentioned in subsection (1) above, and
- (b) whose denominator is equal to the amount of the EIS relief attributable to the shares.
- (3) If section 150A(2) and (3) apply on the disposal, section 150A(2) shall apply only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 150A(3), 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 EIS relief attributable to the shares is reduced as mentioned in subsection (1) above by more than one amount, the numerator mentioned in subsection (2) above shall be taken to be equal to the aggregate of the amounts.
- (5) The denominator mentioned in subsection (2) above shall be found without regard to any reduction mentioned in subsection (1) above.
- (5A) In this section “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (6) Subsections (11) to (13) of section 150A apply for the purposes of this section as they apply for the purposes of that section.
##### 150C
Schedule 5B to this Act (which provides relief in respect of re-investment under the enterprise investment scheme) shall have effect.
##### 151A
- (1) A gain or loss accruing to an individual on a qualifying disposal of any ordinary shares in a company which—
- (a) was a venture capital trust at the time when he acquired the shares, and
- (b) is still such a trust at the time of the disposal,
shall not be a chargeable gain or, as the case may be, an allowable loss.
- (2) For the purposes of this section a disposal of shares is a qualifying disposal in so far as—
- (a) it is made by an individual who has attained the age of eighteen years;
- (b) the shares disposed of were not acquired in excess of the permitted maximum for any year of assessment; and
- (c) that individual acquired those shares for bona fide commercial purposes and not as part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In determining for the purposes of this section whether a disposal by any person of shares in a venture capital trust relates to shares acquired in excess of the permitted maximum for any year of assessment, it shall be assumed (subject to subsection (5) below)—
- (a) as between shares acquired by the same person on different days, that those acquired on an earlier day are disposed of by that person before those acquired on a later day; and
- (b) as between shares acquired by the same person on the same day, that those acquired in excess of the permitted maximum are disposed of by that person before he disposes of any other shares acquired on that day.
- (5) It shall be assumed for the purposes of subsection (1) above that a person who disposes of shares in a venture capital trust disposes of shares acquired at a time when it was not such a trust before he disposes of any other shares in that trust.
- (6) References in this section to shares in a venture capital trust acquired in excess of the permitted maximum for any year of assessment shall be construed as references to shares not acquired within the limit in section 709(4) of ITTOIA 2005; and the question whether shares are acquired within that limit shall be determined as it is for the purposes of Chapter 5 of Part 6 of that Act.
- (7) In this section and section 151B “*ordinary shares*”, in relation to a company, means any shares forming part of the company’s ordinary share capital (within the meaning given in section 989 of ITA 2007).
##### 151B
- (1) Sections 104, 105 and 106A shall not apply to any shares in a venture capital trust which are eligible for relief under section 151A(1).
- (2) Subject to the following provisions of this section, where—
- (a) an individual holds any ordinary shares in a venture capital trust,
- (b) some of those shares fall within one of the paragraphs of subsection (3) below, and
- (c) others of those shares fall within at least one other of those paragraphs,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply separately in relation to the shares (if any) falling within each of the paragraphs of that subsection (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (3) The kinds of shares referred to in subsection (2) above are—
- (a) any shares in a venture capital trust which are eligible for relief under section 151A(1) and by reference to which any person has obtained or is entitled to claim relief under Chapter 2 of Part 6 of ITA 2007;
- (b) any shares in a venture capital trust which are eligible for relief under section 151A(1) but by reference to which no person has obtained, or is entitled to claim, any relief under that Chapter of that Part;
- (c) any shares in a venture capital trust by reference to which any person has obtained, or is entitled to claim, any relief under that Chapter of that Part but which are not shares that are eligible for relief under section 151A(1); and
- (d) any shares in a venture capital trust that do not fall within any of paragraphs (a) to (c) above.
- (4) Where—
- (a) an individual holds ordinary shares in a company (“the existing holding”),
- (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, the shares or the allotted holding are shares falling within any of paragraphs (a) to (c) of subsection (3) above,
sections 127 to 130 shall not apply in relation to the existing holding.
- (5) Sections 135 and 136 shall not apply where—
- (a) the exchanged holding consists of shares falling within paragraph (a) or (b) of subsection (3) above; and
- (b) that for which the exchanged holding is or is treated as exchanged does not consist of ordinary shares in a venture capital trust.
- (6) Where—
- (a) the approval of any company as a venture capital trust is withdrawn, and
- (b) the withdrawal of the approval is not one to which section 281(3) of ITA 2007 applies,
any person who at the time when the withdrawal takes effect is holding shares in that company which (apart from the withdrawal) would be eligible for relief under section 151A(1) shall be deemed for the purposes of this Act, at that time, to have disposed of and immediately re-acquired those shares for a consideration equal to their market value at that time.
- (7) The disposal that is deemed to take place by virtue of subsection (6) above shall be deemed for the purposes of section 151A to take place while the company is still a venture capital trust; but, for the purpose of applying sections 104, 105 and 106A to the shares that are deemed to be re-acquired, it shall be assumed that the re-acquisition for which that subsection provides takes place immediately after the company ceases to be such a trust.
- (8) For the purposes of this section—
- (a) shares are eligible for relief under section 151A(1) at any time when they are held by an individual whose disposal of the shares at that time would (on the assumption, where it is not the case, that the individual attained the age of eighteen years before that time) be a disposal to which section 151A(1) would apply; and
- (b) shares shall not, in relation to any time, be treated as shares by reference to which relief has been obtained under Chapter 2 of Part 6 of ITA 2007 if that time falls after—
- (i) any relief given by reference to those shares has been reduced or withdrawn,
- (ii) any chargeable event (within the meaning of Schedule 5C) has occurred in relation to those shares, or
- (iii) the death of a person who held those shares immediately before his death;
and
- (c) a reference to the exchanged holding is, in relation to section 135 or 136, to the shares in the company referred to in that section as company A.
##### 164FF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 164FG
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Registered pension schemes
##### 239A
- (1) This section applies where tax is charged in accordance with section 242 of the Finance Act 2004 (de-registration charge) where the registration of a registered pension scheme is withdrawn.
- (2) For the purposes of this Act the assets which at the relevant time are held for the purposes of the pension scheme—
- (a) are treated as having been acquired at the relevant time for a consideration equal to the amount on which tax is charged by virtue of section 242 of the Finance Act 2004 by the person who would be chargeable in respect of a chargeable gain accruing on a disposal of the assets at the relevant time, and
- (b) are not to be treated as having been disposed of by any person at the relevant time.
- (3) In subsection (2) “*the relevant time*” means the time immediately before the date of withdrawal of registration of the pension scheme.
##### 263A
- (1) Subject to subsections (3) and (4) below, in any case falling within section 607(1) of ITA 2007 (treatment of price differences under repos)—
- (a) the acquisition of the securities in question by the interim holder and the disposal of those securities by him to the repurchaser, and
- (b) except where the repurchaser is or may be different from the original owner, the disposal of those securities by the original owner and any acquisition of those securities by the original owner as the repurchaser,
shall be disregarded for the purposes of capital gains tax.
- (1A) If, at any time after the acquisition mentioned in subsection (1)(a) above, it becomes apparent that the interim holder will not dispose of the securities to the repurchaser, the interim holder shall be treated for the purposes of capital gains tax as acquiring them at that time for a consideration equal to their market value at that time.
- (1B) If, at any time after the disposal mentioned in subsection (1)(b) above, it becomes apparent that the original owner will not acquire the securities as the repurchaser, the original owner shall be treated for the purposes of capital gains tax as disposing of them at that time for a consideration equal to their market value at that time.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (1) above does not apply if—
- (a) the agreement or agreements under which provision is made for the sale and repurchase are not such as would be entered into by persons dealing with each other at arm’s length; or
- (b) any of the benefits or risks arising from fluctuations, before the repurchase takes place, in the market value of the securities sold accrues to, or falls on, the interim holder.
- (4) Subsection (1) above does not apply in relation to any disposal or acquisition of qualifying corporate bonds in a case where the securities disposed of by the original owner or those acquired by him, or by any other person, as the repurchaser are not such bonds.
- (5) For corporation tax purposes, expressions used in this section and section 607 of ITA 2007 have the same meaning in this section as in that section.
- (6) This section does not apply for the purposes of corporation tax in respect of chargeable gains.
## SCHEDULE 5B
### Application of Schedule
##### 1
- (1) This Schedule applies where—
- (a) there would (apart from paragraph 2(2)(a) below) be a chargeable gain (“the original gain”) accruing to an individual (“the investor”) at any time (“the accrual time”) on or after 29th November 1994;
- (b) the gain is one accruing either on the disposal by the investor of any asset or in accordance with section 164F or 164FA, section 169N, paragraphs 4 and 5 below or paragraphs 4 and 5 of Schedule 5C;
- (c) the investor makes a qualifying investment; and
- (d) the investor is resident or ordinarily resident in the United Kingdom at the accrual time and the time when he makes the qualifying investment and is not, in relation to the qualifying investment, a person to whom sub-paragraph (4) below applies.
- (2) The investor makes a qualifying investment for the purposes of this Schedule if—
- (a) eligible shares in a company for which he has subscribed ... are issued to him at a qualifying time and, where that time is before the accrual time, the shares are still held by the investor at the accrual time,
- (aza) he subscribed for the shares (other than any of them which are bonus shares) wholly in cash,
- (b) the company is a qualifying company in relation to the shares,
- (c) at the time when they are issued the shares (other than any of them which are bonus shares) are fully paid up,
- (d) the shares are subscribed for, and issued, for bona fide commercial purposes and not as part of arrangements the main purpose or one of the main purposes of which is the avoidance of tax,
- (da) the total amount of relevant investments made in the company in the year ending with the date the shares are issued does not exceed £5 million,
- (e) the requirements of section 289(1A) of the Taxes Act (read with section 289(1B) to (1E) of that Act), or the requirements of section 183 of ITA 2007, are satisfied in relation to the company,
- (f) the shares (other than any of them which are bonus shares) are issued in order to raise money for the purpose of a qualifying business activity, and
- (g) all of the money raised by the issue of the shares (other than any of them which are bonus shares) is, no later than the time mentioned in section 175(3) of ITA 2007, employed wholly for the purpose of that activity,
and for the purposes of this Schedule, the condition in paragraph (g) above does not fail to be satisfied by reason only of the fact that an amount of money which is not significant is employed for another purpose.
- (3) In sub-paragraph (2) above “*a qualifying time*”, in relation to any shares subscribed for by the investor, means—
- (a) any time in the period beginning one year before and ending three years after the accrual time, or
- (b) any such time before the beginning of that period or after it ends as the Board may by notice allow.
- (4) This sub-paragraph applies to the investor in relation to a qualifying investment if—
- (a) though resident or ordinarily resident in the United Kingdom at the time when he makes the investment, he is regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom, and
- (b) were section 150A to be disregarded, the arrangements would have the effect that he would not be liable in the United Kingdom to tax on a gain arising on a disposal, immediately after their acquisition, of the shares acquired in making that investment.
- (5) Shares are not fully paid up for the purposes of sub-paragraph (2)(c) above if there is any undertaking to pay cash to any person at a future date in respect of the acquisition of the shares.
- (5A) The reference in sub-paragraph (1)(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).
- (6) Section 173A(3) and (4) of ITA 2007 (meaning of “relevant investment”) apply for the purposes of sub-paragraph (2)(da).
- (7) In sub-paragraph (2)(da), the reference to relevant investments made in the company includes relevant investments made in a company that is, or has at any time in the year mentioned there been, a subsidiary of the company (whether or not it was such a subsidiary when the investment was made).
### Postponement of original gain
##### 2
- (1) On the making of a claim by the investor for the purposes of this Schedule, so much of the investor’s unused qualifying expenditure on the relevant shares as—
- (a) is specified in the claim, and
- (b) does not exceed so much of the original gain as is unmatched,
shall be set against a corresponding amount of the original gain.
- (2) Where an amount of qualifying expenditure on the relevant shares is set under this Schedule against the whole or part of the original gain—
- (a) so much of that gain as is equal to that amount shall be treated as not having accrued at the accrual time; but
- (b) paragraphs 4 and 5 below shall apply for determining the gain that is to be treated as accruing on the occurrence of any chargeable event in relation to any of the relevant shares.
- (3) For the purposes of this Schedule—
- (a) the investor’s qualifying expenditure on the relevant shares is the amount subscribed by him for the shares; and
- (b) that expenditure is unused to the extent that it has not already been set under this Schedule or paragraph 1(5) of Schedule 5BB against the whole or any part of a chargeable gain.
- (4) For the purposes of this paragraph the original gain is unmatched, in relation to any qualifying expenditure on the relevant shares, to the extent that it has not had any other expenditure set against it under this Schedule or paragraph 1(5) of Schedule 5BB ... .
### Chargeable events
##### 3
- (1) Subject to the following provisions of this paragraph, there is for the purposes of this Schedule a chargeable event in relation to any of the relevant shares if, after the making of the qualifying investment—
- (a) the investor disposes of those shares otherwise than by way of a disposal within marriage or civil partnership;
- (b) those shares are disposed of, otherwise than by way of a disposal to the investor, by a person who acquired them on a disposal made by the investor within marriage or civil partnership;
- (c) the investor becomes a non-resident while holding those shares and before the termination date relating to those shares;
- (d) a person who acquired those shares on a disposal within marriage or civil partnership becomes a non-resident while holding those shares and before the termination date relating to those shares; or
- (e) those shares cease (or are treated for the purposes of this Schedule as ceasing) to be eligible shares.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purposes of this Schedule there shall not be a chargeable event by virtue of sub-paragraph (1)(c) or (d) above in relation to any shares if—
- (a) the reason why the person in question becomes a non-resident is that he works in an employment or office all the duties of which are performed outside the United Kingdom, and
- (b) he again becomes resident or ordinarily resident in the United Kingdom within the period of three years from the time when he became a non-resident, without having meanwhile disposed of any of those shares;
and accordingly no assessment shall be made by virtue of sub-paragraph (1)(c) or (d) above before the end of that period in a case where the condition in paragraph (a) above is satisfied and the condition in paragraph (b) above may be satisfied.
- (4) For the purposes of sub-paragraph (3) above a person shall be taken to have disposed of any shares if and only if there has been such a disposal as would have been a chargeable event in relation to those shares if the person making the disposal had been resident in the United Kingdom.
- (5) Where in any case—
- (a) the investor or a person who has acquired any of the relevant shares on a disposal within marriage or civil partnership dies, and
- (b) an event occurs at or after the time of the death which (apart from this sub-paragraph) would be a chargeable event in relation to any of the relevant shares held by the deceased immediately before his death,
that event shall not be a chargeable event in relation to the shares so held.
- (6) Any reference in the following provisions of this Schedule to a chargeable event falling within a particular paragraph of sub-paragraph (1) above is a reference to a chargeable event arising for the purposes of this Schedule by virtue of that paragraph.
### Gain accruing on chargeable event
##### 4
- (1) On the occurrence of a chargeable event in relation to any of the relevant shares in relation to which there has not been a previous chargeable event—
- (a) a chargeable gain shall be treated as accruing at the time of the event; and
- (b) the amount of the gain shall be equal to so much of the deferred gain as is attributable to the shares in relation to which the chargeable event occurs.
- (2) Any question for the purposes of capital gains tax as to whether any shares to which a disposal (including a disposal within marriage or civil partnership) relates are shares to which deferral relief is attributable shall be determined in accordance with sub-paragraphs (3) and (4) below.
- (3) Where shares of any class in a company have been acquired by an individual on different days, any disposal by him of shares of that class shall be treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (4) Where shares of any class in a company have been acquired by an individual on the same day, any of those shares disposed of by him shall be treated as disposed of in the following order, namely—
- (a) first any to which neither deferral relief nor relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 is attributable;
- (b) next any to which deferral relief, but not relief under that Chapter or that Part, is attributable;
- (c) next any to which relief under that Chapter or that Part, but not deferral relief, is attributable; and
- (d) finally any to which both deferral relief and relief under that Chapter or that Part are attributable.
- (4A) The following, namely—
- (a) any shares to which deferral relief, but not relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007, is attributable and which were disposed of to an individual by a disposal within marriage or civil partnership, and
- (b) any shares to which relief under that Chapter or that Part is attributable and which were transferred to an individual as mentioned in section 304 of the Taxes Act or section 245 of ITA 2007,
shall be treated for the purposes of sub-paragraphs (3) and (4) above as acquired by him on the day on which they were issued.
- (4B) Chapter I of Part IV of this Act has effect subject to sub-paragraphs (2) to (4A) above.
- (4C) Sections 104, 105 and 106A shall not apply to shares to which deferral relief, but not relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007, is attributable.
- (5) Where at the time of a chargeable event any of the relevant shares are treated for the purposes of this Act as represented by assets which consist of or include assets other than those shares—
- (a) so much of the deferred gain as is attributable to those shares shall be treated, in determining for the purposes of this paragraph the amount of the deferred 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 shares, sub-paragraphs (3) to (4A) above shall apply with the necessary modifications in relation to those assets as they would apply in relation to the shares.
- (6) In order to determine, for the purposes of this paragraph, the amount of the deferred gain attributable to any shares, a proportionate part of the amount of the gain shall be attributed to each of the relevant shares held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any of the relevant shares from the investor on a disposal within marriage or civil partnership.
- (7) In this paragraph “*the deferred gain*” means—
- (a) the amount of the original gain against which expenditure has been set under this Schedule, less
- (b) the amount of any gain treated as accruing under this paragraph previously as a result of a disposal of any of the relevant shares.
### Person to whom gain accrues
##### 5
- (1) The chargeable gain which accrues, in accordance with paragraph 4 above, on the occurrence in relation to any of the relevant shares of a chargeable event shall be treated as accruing, as the case may be—
- (a) to the person who makes the disposal,
- (b) to the person who becomes a non-resident, or
- (c) to the person who holds the shares in question when they cease (or are treated for the purposes of this Schedule as ceasing) to be eligible shares.
- (2) Where—
- (a) sub-paragraph (1) above provides for the holding of shares at a particular time to be what identifies the person to whom any chargeable gain accrues, and
- (b) at that time, some of those shares are held by the investor and others are held by a person to whom the investor has transferred them by a disposal within marriage or civil partnership,
the amount of the chargeable gain accruing by virtue of paragraph 4 above shall be computed separately in relation to the investor and that person without reference to the shares held by the other.
### Claims
##### 6
- (1) Subject to sub-paragraph (2) below, section 306 of the Taxes Act or sections 202(1), 203(1) and 204 to 207 of ITA 2007 shall apply in relation to a claim under this Schedule in respect of the relevant shares as it applies in relation to a claim for relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 in respect of eligible or relevant shares.
- (2) Section 306, as it so applies, shall have effect as if—
- (a) any reference to the conditions for the relief were a reference to the conditions for the application of this Schedule;
- (b) in subsection (1), the words “(or treated by section 289B(5) as so issued)" were omitted; and
- (c) subsections (7) to (9) were omitted.
- (3) Sections 202(1), 203(1) and 204 to 207 of ITA 2007, as they so apply, shall have effect as if any reference to the requirements for the relief were a reference to the conditions for the application of this Schedule.
## SCHEDULE 5C
### Application of Schedule
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The postponement of the original gain
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chargeable events
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Gain accruing on chargeable event
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Persons to whom gain accrues
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 9A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7A
References in paragraphs 5 to 7 above to an amount brought into account as a receipt of a ... UK property business include references to an amount brought into account as a receipt of an overseas property business.
##### 117A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 117B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 153A
- (1) This section applies where a person carrying on a trade who for a consideration disposes of, or of his interest in, any assets (“the old assets”) declares, in his 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”) which on the acquisition will be taken into use, and used only, for the purposes of the trade;
- (b) that the acquisition will take place as mentioned in subsection (3) of section 152; and
- (c) that the new assets will be within the classes listed in section 155.
- (2) Until the declaration ceases to have effect, section 152 or, as the case may be, section 153 shall apply as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration shall cease 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 152 or 153, 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) shall be made by making or amending assessments or by repayment or discharge of tax; and
- (b) shall be so made notwithstanding any limitation on the time within which assessments or amendments may be made.
- (5) 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;
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (6) Subsections (6), (8), (10) and (11) of section 152 shall apply for the purposes of this section as they apply for the purposes of that section.
##### 237A
- (1) This section applies in any case where a right to acquire shares in a body corporate (“the old right”) which was obtained by an individual by reason of his office or employment as a director or employee of that or any other body corporate is released in whole or in part for a consideration which consists of or includes the grant to that individual of another right (“the new right”) to acquire shares in that or any other body corporate.
- (2) As respects the person to whom the new right is granted—
- (a) without prejudice to subsection (1) above, the new right shall not be regarded for the purposes of capital gains tax as consideration for the release of the old right;
- (b) the amount or value of the consideration given by him or on his behalf for the acquisition of the new right shall be taken for the purposes of section 38(1) to be the amount or value of the consideration given by him or on his behalf for the old right; and
- (c) any consideration paid for the acquisition of the new right shall be taken to be expenditure falling within section 38(1)(b).
- (3) As respects the grantor of the new right, in determining for the purposes of this Act the amount or value of the consideration received for the new right, the release of the old right shall be disregarded.
##### 247A
- (1) This section applies where a person who disposes of land (“the old land”) to an authority exercising or having compulsory powers declares, in his return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration for the disposal will be applied in the acquisition of other land (“the new land”);
- (b) that the acquisition will take place as mentioned in subsection (3) of section 152; and
- (c) that the new land will not be land excluded from section 247(1)(c) by section 248.
- (2) Until the declaration ceases to have effect, section 247 shall apply as if the acquisition had taken place and the person had made a claim under that section.
- (3) For the purposes of this section, subsections (3) to (5) of section 153A shall apply as if the reference to section 152 or 153 were a reference to section 247 and the reference to the old assets were a reference to the old land.
- (4) In this section “*land*” and “*authority exercising or having compulsory powers*” have the same meaning as in section 247.
##### 1A
- (1) Any security which is a strip of a security which is a gilt-edged security for the purposes of this Act is also itself a gilt-edged security for those purposes.
- (2) In this paragraph “*strip*” has the same meaning as in section 47 of the Finance Act 1942.
##### 164FA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 263B
- (1) In this section “*stock lending arrangement*” means so much of any arrangements between two persons (“*the borrower*” and “the lender”) as are arrangements under which—
- (a) the lender transfers securities to the borrower otherwise than by way of sale; and
- (b) a requirement is imposed on the borrower to transfer those securities back to the lender otherwise than by way of sale.
- (2) Subject to the following provisions of this section and sections 263C(2) and 263CA(3) and (5), the disposals and acquisitions made in pursuance of any stock lending arrangement shall be disregarded for the purposes of capital gains tax.
- (3) Where—
- (a) the borrower under any stock lending arrangement disposes of any securities transferred to him under the arrangement,
- (b) that disposal is made otherwise than in the discharge of the requirement for the transfer of securities back to the lender, and
- (c) that requirement, so far as it relates to the securities disposed of, has been or will be discharged by the transfer of securities other than those transferred to the borrower,
any question relating to the acquisition of the securities disposed of shall be determined (without prejudice to the provisions of Chapter I of Part IV) as if the securities disposed of were the securities with which that requirement (so far as relating to the securities disposed of) has been or will be discharged.
- (4) Where, in the case of any stock lending arrangement, it becomes apparent, at any time after the making of the transfer by the lender, that the requirement for the borrower to make a transfer back to the lender will not be complied with—
- (a) the lender shall be deemed for the purposes of this Act to have made a disposal at that time of the securities transferred to the borrower for a consideration equal to their market value at that time;
- (b) the borrower shall be deemed to have acquired them at that time for that consideration; and
- (c) subsection (3) above shall have effect in relation to any disposal before that time by the borrower of securities transferred to him by the lender as if the securities deemed to have been acquired by the borrower in accordance with paragraph (b) above were to be used for discharging a requirement to transfer securities back to the lender.
This subsection does not apply where section 263CA (insolvency of borrower) applies.
- (5) References in this section, in relation to a person to whom securities are transferred, to the transfer of those securities back to another person shall be construed as if the cases where those securities are taken to be transferred back to that other person included any case where securities of the same description as those securities are transferred to that other person either—
- (a) in accordance with a requirement to transfer securities of the same description; or
- (b) in exercise of a power to substitute securities of the same description for the securities that are required to be transferred back.
- (6) For the purposes of this section securities shall not be taken to be of the same description as other securities unless they are in the same quantities, give the same rights against the same persons and are of the same type and nominal value as the other securities.
- (7) In this section—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- “*securities*” means UK shares or overseas securities (within the meaning of Part 17 of CTA 2010: see section 814 of that Act) or UK securities within the meaning of section 805 of CTA 2010 (see section 806 of that Act).
##### 263C
- (1) In section 263B references to the transfer back to a person of securities transferred by him shall be taken to include references to the payment to him, in pursuance of an obligation arising on any person’s becoming entitled to receive an amount in respect of the redemption of those securities, of an amount equal to the amount of the entitlement.
- (2) Where, in pursuance of any such obligation, the lender under any stock lending arrangement is paid any amount in respect of the redemption of any securities to which the arrangement relates—
- (a) that lender shall be deemed for the purposes of this Act to have disposed, for that amount, of the securities in respect of whose redemption it is paid (“*the relevant lent securities*”);
- (b) the borrower shall not, in respect of the redemption, be taken for the purposes of this Act to have made any disposal of the relevant lent securities; and
- (c) section 263B(3) shall have effect in relation to disposals of any of the relevant lent securities made by the borrower before the redemption as if—
- (i) the amount paid to the lender were an amount paid for the acquisition of securities, and
- (ii) the securities acquired were to be used by the borrower for discharging a requirement under the arrangement to transfer the relevant lent securities back to the lender.
- (3) Expressions used in this section and section 263B have the same meanings in this section as in that section.
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 10A
- (1) This section applies in the case of any individual (“the taxpayer") if—
- (a) he satisfies the residence requirements for any year of assessment (“the year of return");
- (b) he did not satisfy those requirements for one or more years of assessment immediately preceding the year of return but there are years of assessment before that year for which he did satisfy those requirements;
- (c) there are fewer than five years of assessment falling between the year of departure and the year of return; and
- (d) four out of the seven years of assessment immediately preceding the year of departure are also years of assessment for each of which he satisfied those requirements.
- (2) Subject to the following provisions of this section and section 86A, the taxpayer shall be chargeable to capital gains tax as if—
- (a) all the chargeable gains and losses which (apart from this subsection) would have accrued to him in an intervening year,
- (b) all the chargeable gains which under section 13 or 86 would be treated as having accrued to him in an intervening year if he had been resident in the United Kingdom throughout that intervening year, and
- (c) any losses which by virtue of section 13(8) would have been allowable in his case in any intervening year if he had been resident in the United Kingdom throughout that intervening year,
were gains or, as the case may be, losses accruing to the taxpayer in the year of return.
- (3) Subject to subsection (4) below, the gains and losses which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return shall not include any gain or loss accruing on the disposal by the taxpayer of any asset if—
- (a) that asset was acquired by the taxpayer at a time in the year of departure or any intervening year when
- (i) he was neither resident nor ordinarily resident in the United Kingdom, or
- (ii) he was resident or ordinarily resident in the United Kingdom but was Treaty non-resident;
- (b) that asset was so acquired otherwise than by means of a relevant disposal which by virtue of section 58, 73 or 258(4) is treated as having been a disposal on which neither a gain nor a loss accrued;
- (c) that asset is not an interest created by or arising under a settlement; and
- (d) the amount or value of the consideration for the acquisition of that asset by the taxpayer does not fall, by reference to any relevant disposal, to be treated as reduced under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b).
- (4) Where—
- (a) any chargeable gain that has accrued or would have accrued on the disposal of any asset (“*the first asset*”) is a gain falling (apart from this section) to be treated by virtue of section 116(10) or (11), 134 or 154(2) or (4) as accruing on the disposal of the whole or any part of another asset, and
- (b) the other asset is an asset falling within paragraphs (a) to (d) of subsection (3) above but the first asset is not,
subsection (3) above shall not exclude that gain from the gains which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return.
- (5) The gains and losses which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return shall not include any chargeable gain or allowable loss accruing to the taxpayer in an intervening year which, in the taxpayer’s case, has fallen to be brought into account for that year by virtue of section 10 or 16(3).
- (6) The reference in subsection (2)(c) above to losses allowable in an individual’s case in an intervening year is a reference to only so much of the aggregate of the losses that would have been available in accordance with subsection (8) of section 13 for reducing gains accruing by virtue of that section to that individual in that year as does not exceed the amount of the gains that would have accrued to him in that year if it had been a year throughout which he was resident in the United Kingdom.
- (7) Where this section applies in the case of any individual, nothing in any enactment imposing any limit on the time within which an assessment to capital gains tax may be made shall prevent any such assessment for the year of departure from being made in the taxpayer’s case at any time before the end of two years after the 31st January next following the year of return.
- (8) In this section—
- “*intervening year*” means any year of assessment which, in a case where the conditions in paragraphs (a) to (d) of subsection (1) above are satisfied, falls between the year of departure and the year of return;
- “*relevant disposal*”, means a disposal of an asset acquired by the person making the disposal at a time when that person was resident or ordinarily resident in the United Kingdom and was not Treaty non-resident; and
- “*the year of departure*” means the last year of assessment before the year of return for which the taxpayer satisfied the residence requirements.
- (9) For the purposes of this section an individual satisfies the residence requirements for a year of assessment—
- (a) if, during any part of that year of assessment, he is resident in the United Kingdom and not Treaty non-resident, or
- (b) if he is ordinarily resident in the United Kingdom during that year of assessment, unless he is Treaty non-resident during that year of assessment.
- (9ZA) If—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the taxpayer for the year of return, and
- (b) the taxpayer is not domiciled in the United Kingdom in that year,
any foreign chargeable gains falling within subsection (2)(a) which were remitted in an intervening year are treated as remitted in the year of return.
For this purpose “*foreign chargeable gains*” has the meaning given by section 12(4).
- (9A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9B) Where this section applies in the case of any individual in circumstances in which one or more intervening years would, but for his being Treaty non-resident during some or all of that year or those years, not be an intervening year, this section shall have effect in the taxpayer's case—
- (a) as if subsection (2)(a) above did not apply in the case of any amount treated by virtue of section 87 or 89(2) as an amount of chargeable gains accruing to the taxpayer in any such intervening year, and
- (b) as if any such intervening year were not an intervening year for the purposes of subsections (2)(b) and (c) and (6) above.
- (9C) Nothing in any double taxation relief arrangements shall be read as preventing the taxpayer from being chargeable to capital gains tax in respect of any of the chargeable gains treated by virtue of subsection (2)(a) above as accruing to the taxpayer in the year of return (or as preventing a charge to that tax from arising as a result).
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 86A
- (1) Subsection (2) below applies in the case of a person who is a settlor in relation to any settlement (“the relevant settlement") where—
- (a) by virtue of section 10A, amounts falling within section 86(1)(e) for any intervening year or years would (apart from this section) be treated as accruing to the settlor in the year of return; and
- (b) there is an excess of the relevant chargeable amounts for the non-residence period over the amount of the section 87 pool at the end of the year of departure.
- (2) Only so much (if any) of—
- (a) the amount falling within section 86(1)(e) for the intervening year, or
- (b) if there is more than one intervening year, the aggregate of the amounts falling within section 86(1)(e) for those years,
as exceeds the amount of the excess mentioned in subsection (1)(b) above shall fall in accordance with section 10A to be attributed to the settlor for the year of return.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) In subsection (1) above, the reference to the relevant chargeable amounts for the non-residence period is (subject to subsection (5) below) a reference to the aggregate of the amounts on which beneficiaries of the relevant settlement are charged to tax under section 87 or 89(2) for the intervening year or years in respect of any capital payments received by them.
- (4) In subsection (1) above, the reference to the section 87 pool at the end of the year of departure is (subject to subsection (5) below) a reference to the amount (if any) which, in accordance with subsection (2) of that section, fell in relation to the relevant settlement to be carried forward from the year of departure to be included in the amount of the trust gains for the year of assessment immediately following the year of departure.
- (5) Where the property comprised in the relevant settlement has at any time included property not originating from the settlor, only so much (if any) of any capital payment or amount carried forward in accordance with section 87(2) as, on a just and reasonable apportionment, is properly referable to property originating from the settlor shall be taken into account for the purposes of subsections (3) and (4) above.
- (6) Where any reduction falls to be made by virtue of subsection (2) above in any amount to be attributed in accordance with section 10A to any settlor for any year of assessment, the reduction to be treated as made for that year in accordance with section 87(3) in the case of the settlement in question shall not be made until—
- (a) the reduction (if any) falling to be made by virtue of that subsection has been made in the case of every settlor to whom any amount is so attributed; and
- (b) effect has been given to any reduction required to be made under subsection (7) below.
- (7) Where in the case of any settlement there is (after the making of any reduction or reductions in accordance with subsection (2) above) any amount or amounts falling in accordance with section 10A to be attributed for any year of assessment to settlors of the settlement, the amount (or aggregate amount) falling in accordance with that section to be so attributed shall be applied in reducing the amount carried forward to that year in accordance with section 87(2).
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) Where an amount ... has been applied, in accordance with subsection (7) above, in reducing the amount which in the case of any settlement is carried forward to any year in accordance with section 87(2), that amount (or, as the case may be, so much of it as does not exceed the amount which it is applied in reducing) shall be deducted from the amount used for that year for making the reduction under section 87(3) in the case of that settlement.
- (9) Expressions used in this section and section 10A have the same meanings in this section as in that section; and paragraph 8 of Schedule 5 shall apply for the construction of the references in subsection (5) above to property originating from the settlor as it applies for the purposes of that Schedule.
##### 101A
- (1) This section applies where—
- (a) an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue of section 171(1) as giving rise to neither a gain nor a loss,
- (b) at the time of the disposal the acquiring company was not an investment trust, and
- (c) the conditions set out in subsection (2) below are satisfied by the acquiring company.
- (2) Those conditions are satisfied by the acquiring company if—
- (a) it becomes an investment trust for an accounting period beginning not more than 6 years after the time of the disposal,
- (b) at the beginning of that accounting period, it owns, otherwise than as trading stock—
- (i) the asset, or
- (ii) property to which a chargeable gain has been carried forward from the asset on a replacement of business assets,
- (c) it has not been an investment trust for any earlier accounting period beginning after the time of the disposal, and
- (d) at the time at which it becomes an investment trust, there has not been an event by virtue of which it falls by virtue of section 179(3) or 101C(3) to be treated as having sold, and immediately reacquired, the asset at the time specified in subsection (3) below.
- (3) The acquiring company shall be treated for all the purposes of this Act as if immediately after the disposal it had sold, and immediately reacquired, the asset at its market value at that time.
- (4) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the acquiring company on the sale referred to in subsection (3) above shall be treated as accruing to it immediately before the end of the last accounting period to end before the beginning of the accounting period for which the acquiring company becomes an investment trust.
- (5) For the purposes of this section a chargeable gain is carried forward from an asset to other property on a replacement of business assets if—
- (a) by one or more claims under sections 152 to 158, the chargeable gain accruing on a disposal of the asset is reduced, and
- (b) as a result an amount falls to be deducted from the expenditure allowable in computing a gain accruing on the disposal of the other property.
- (6) For the purposes of this section an asset acquired by the acquiring company shall be treated as the same as an asset owned by it at a later time if the value of the second asset is derived in whole or in part from the first asset; and, in particular, assets shall be so treated where—
- (a) the second asset is a freehold and the first asset was a leasehold; and
- (b) the lessee has acquired the reversion.
- (7) Where under this section a company is to be treated as having disposed of and reacquired an asset—
- (a) all such recomputations of liability in respect of other disposals, and
- (b) all such adjustments of tax, whether by way of assessment or by way of discharge or repayment of tax,
as may be required in consequence of the provisions of this section shall be carried out.
- (8) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may be made at any time within 6 years after the end of the accounting period referred to in subsection (2)(a) above.
##### 101B
- (1) Where section 139 has applied on the transfer of a company’s business (in whole or in part) to a company which at the time of the transfer was not a venture capital trust, then if—
- (a) at any time after the transfer the company becomes a venture capital trust by virtue of an approval for the purposes of Part 6 of ITA 2007; and
- (b) at the time as from which the approval has effect the company still owns any of the assets of the business transferred,
the company shall be treated for all the purposes of this Act as if immediately after the transfer it had sold, and immediately reacquired, the assets referred to in paragraph (b) above at their market value at that time.
- (2) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the company on the sale referred to in subsection (1) above shall be treated as accruing to the company immediately before the time mentioned in subsection (1)(b) above.
- (3) This section does not apply if at the time mentioned in subsection (1)(b) above there has been an event by virtue of which the company falls by virtue of section 101(1) to be treated as having sold, and immediately reacquired, the assets immediately after the transfer referred to in subsection (1) above.
- (4) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may, in a case in which the approval mentioned in subsection (1)(a) above has effect as from the beginning of an accounting period, be made at any time within 6 years after the end of that accounting period.
- (5) Where under this section a company is to be treated as having disposed of, and reacquired, an asset of a business, all such recomputations of liability in respect of other disposals and all such adjustments of tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of the provisions of this section shall be carried out.
##### 101C
- (1) This section applies where—
- (a) an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue of section 171(1) as giving rise to neither a gain nor a loss,
- (b) at the time of the disposal the acquiring company was not a venture capital trust, and
- (c) the conditions set out in subsection (2) below are satisfied by the acquiring company.
- (2) Those conditions are satisfied by the acquiring company if—
- (a) it becomes a venture capital trust by virtue of an approval having effect as from a time (the “time of approval") not more than 6 years after the time of the disposal,
- (b) at the time of approval the company owns, otherwise than as trading stock—
- (i) the asset, or
- (ii) property to which a chargeable gain has been carried forward from the asset on a replacement of business assets,
- (c) it has not been a venture capital trust at any earlier time since the time of the disposal, and
- (d) at the time of approval, there has not been an event by virtue of which it falls by virtue of section 179(3) or 101A(3) to be treated as having sold, and immediately reacquired, the asset at the time specified in subsection (3) below.
- (3) The acquiring company shall be treated for all the purposes of this Act as if immediately after the disposal it had sold, and immediately reacquired, the asset at its market value at that time.
- (4) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the acquiring company on the sale referred to in subsection (3) above shall be treated as accruing to it immediately before the time of approval.
- (5) Subsections (5) to (7) of section 101A apply for the purposes of this section as they apply for the purposes of that section.
- (6) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may, in a case in which the time of approval is the time at which an accounting period of the company begins, be made at any time within 6 years after the end of that accounting period.
- (7) Any reference in this section to an approval is a reference to an approval for the purposes of Part 6 of ITA 2007.
##### 106A
- (1) This section has effect for the purposes of capital gains tax (but not corporation tax) where any securities are disposed of by any person.
- (2) The securities disposed of shall be identified in accordance with the following provisions of this section with securities of the same class that have been acquired by the person making the disposal.
- (3) The provisions of this section have effect in the case of any disposal notwithstanding that 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 person disposes of securities in one capacity, they shall not be identified under those provisions with any securities which he holds, or can dispose of, only in some other capacity.
- (4) Securities disposed of on an earlier date shall be identified before securities disposed of on a later date; and, accordingly, securities disposed of by a later disposal shall not be identified with securities already identified as disposed of by an earlier disposal.
- (5) Subject to subsection (4) above, if within the period of thirty days after the disposal the person making it acquires securities of the same class, the securities disposed of shall be identified—
- (a) with securities acquired by him within that period, rather than with other securities; and
- (b) with securities acquired at an earlier time within that period, rather than with securities acquired at a later time within that period.
- (5ZA) None of the securities which, by virtue of subsection (5) above, are identified with other securities shall be regarded as forming part of an existing section 104 holding or as constituting a section 104 holding.
- (5A) Subsection (5) above shall not require securities to be identified with securities which the person making the disposal acquires at a time when—
- (a) he is neither resident nor ordinarily resident in the United Kingdom, or
- (b) he is resident or ordinarily resident in the United Kingdom but is Treaty non-resident.
- (6) Subject to subsections (4) and (5) above, relevant securities disposed of shall be identified with relevant securities acquired at a later time, rather than with relevant securities acquired at an earlier time.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) The identification rules set out in the preceding provisions of this section have effect subject to subsection (1) of section 105, and securities disposed of shall not be identified with securities acquired after the disposal except in accordance with that section or subsection (5) above.
- (10) In this section—
- “*securities*” means any securities within the meaning of section 104 or any relevant securities, and
- “*relevant securities*” means—securities within the meaning of Chapter 2 of Part 12 of ITA 2007 (accrued income profits),qualifying corporate bonds, and securities which are interests in a non-reporting fund, within the meaning of the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 4(2)).
- (11) For the purposes of this section 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 that recognised stock exchange.
##### 110A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 149B
- (1) Where—
- (a) an individual has acquired an interest in any shares or securities which is only conditional,
- (b) that interest is one which for the purposes of Chapter 2 of Part 7 of ITEPA 2003 (conditional interests in shares) is taken to have been acquired by him as a director or employee of a company, and
- (c) by virtue of section 17(1)(b) the acquisition of that interest would, apart from this section, be an acquisition for a consideration equal to the market value of the interest,
section 17 shall not apply for calculating the consideration.
- (2) Instead, the consideration for the acquisition shall be taken (subject to section 120) to be equal to the actual amount or value of the consideration given for that interest as computed in accordance with section 429 of ITEPA 2003.
- (3) This section shall apply in relation only to the individual making the acquisition and, accordingly, shall be disregarded in calculating the consideration received by the person from whom the interest is acquired.
- (4) Expressions used in this section and in Chapter 2 of Part 7 of ITEPA 2003 have the same meanings in this section as in that Chapter.
- (5) This section does not apply to acquisitions on or after the day appointed under paragraph 3(2) of Schedule 22 to the Finance Act 2003.
- (6) References in this section to ITEPA 2003 are to that Act as originally enacted.
### Pre-entry gains
##### 177B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Re-organisations of mutual businesses
##### 214C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of share loss relief
#### Procedure for clearance in advance.
#### Procedure for clearance in advance.
#### Relief for disposals by individuals on retirement from family business.
#### Postponement of charge on transfer of assets to non-resident company.
#### Relief on re-investment for individuals.
## SCHEDULE 7A
### Application and construction of Schedule
#### Merger not leaving assets within UK tax charge
### Personal pension schemes
##### 239B
- (1) This section applies where tax is charged in accordance with section 650A of the Taxes Act (tax charged on the withdrawal of the Board’s approval in relation to approved personal pension arrangements).
- (2) For the purposes of this Act the appropriate part of the assets which at the relevant time are held for the purposes of the relevant scheme—
- (a) shall be deemed to be acquired at that time for a consideration equal to the amount on which tax is charged by virtue of section 650A(2) of the Taxes Act; but
- (b) shall not be deemed to be disposed of by any person at that time.
- (3) The person who shall be deemed in accordance with subsection (2)(a) above to have acquired the appropriate part of the assets shall be the person who would be chargeable in respect of a chargeable gain accruing on a disposal of the assets at the relevant time.
- (4) In this section—
- “*the appropriate part*” and “*the relevant time*” have the meanings given by subsection (3) of section 650A of the Taxes Act for the purposes of subsection (2) of that section; and
- “*the relevant scheme*” has the same meaning as in that section.
## SCHEDULE A1
### Introductory
##### 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.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Period for which an asset is held and relevant period of ownership
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rules for determining whether a gain is a gain on the disposal of a business asset or non-business asset
##### 3
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### Conditions for shares to qualify as business assets
##### 4
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### Conditions for other assets to qualify as business assets
##### 5
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### Companies which are qualifying companies
##### 6
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### Persons who are eligible beneficiaries
##### 7
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### Cases where there are non-qualifying beneficiaries
##### 8
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### Cases where an asset is used at the same time for different purposes
##### 9
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### Periods of limited exposure to fluctuations in value not to count
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods of share ownership not to count where there is a change of activity by the company
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods of share ownership not to count in a case of value shifting
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rules for options
##### 13
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### Further rules for assets derived from other assets
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rules for assets transferred between spouses or civil partners
##### 15
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### Special rules for postponed gains
##### 16
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### Special rule for property settled by a company
##### 17
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### Special rules for assets acquired in the reconstruction of mutual businesses et ceteralaetc.
##### 18
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### Special rule for ancillary trust funds
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### General rules for settlements
##### 20
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### General rule for apportionments under this Schedule
##### 21
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### Interpretation of Schedule
##### 22
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### Settlements created before 17th March 1998
##### 2A
- (1) In determining for the purposes of section 86(1)(d) whether the settlor has an interest at any time during any year of assessment in a settlement created before 17th March 1998, paragraphs (da) and (db) of paragraph 2(3) above, and the reference to those paragraphs in paragraph 2(3)(e), shall be disregarded unless—
- (a) that year is a year in which one of the four conditions set out in the following provisions of this paragraph becomes fulfilled as regards the settlement; or
- (b) one of those conditions became fulfilled as regards that settlement in any previous year of assessment ending on or after 5th April 1998.
- (2) The first condition is (subject to sub-paragraph (3) below) that on or after 17th March 1998 property or income is provided directly or indirectly for the purposes of the settlement—
- (a) otherwise than under a transaction entered into at arm’s length, and
- (b) otherwise than in pursuance of a liability incurred by any person before that date.
- (3) For the purposes of the first condition, where the settlement’s expenses relating to administration and taxation for a year of assessment exceed its income for the year, property or income provided towards meeting those expenses shall be ignored if the value of the property or income so provided does not exceed the difference between the amount of those expenses and the amount of the settlement’s income for the year.
- (4) The second condition is that—
- (a) the trustees become on or after 17th March 1998 neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees, while continuing to be resident and ordinarily resident in the United Kingdom, become on or after 17th March 1998 trustees who fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (5) The third condition is that on or after 17th March 1998 the terms of the settlement are varied so that any person falling within sub-paragraph (7) below becomes for the first time a person who will or might benefit from the settlement.
- (6) The fourth condition is that—
- (a) on or after 17th March 1998 a person falling within sub-paragraph (7) below enjoys a benefit from the settlement for the first time, and
- (b) the person concerned is not one who (looking only at the terms of the settlement immediately before 17th March 1998) would be capable of enjoying a benefit from the settlement on or after that date.
- (7) Each of the following persons falls within this sub-paragraph—
- (a) any grandchild of the settlor or of the settlor’s spouse or civil partner;
- (b) the spouse or civil partner of any such grandchild;
- (c) a company controlled by a person or persons falling within paragraph (a) or (b) above;
- (d) a company controlled by any such person or persons together with any person or persons (not so falling) each of whom is for the purposes of paragraph 2(1) above a defined person in relation to the settlement;
- (e) a company associated with a company falling within paragraph (c) or (d) above.
- (8) For the purposes of sub-paragraph (7) above the question whether a company is controlled by a person or persons shall be construed in accordance with sections 450 and 451 of CTA 2010; but in deciding that question for those purposes no rights or powers of (or attributed to) an associate or associates of a person shall be attributed to him under section 451(4) to (6) of CTA 2010 if he is not a participator in the company.
- (9) For the purposes of sub-paragraph (7) above the question whether one company is associated with another shall be construed in accordance with section 449 of CTA 2010; but where in deciding that question for those purposes it falls to be decided whether a company is controlled by a person or persons, no rights or powers of (or attributed to) an associate or associates of a person shall be attributed to him under section 451(4) to (6) of CTA 2010 if he is not a participator in the company.
- (10) In this paragraph—
- “child” includes a step-child;
- “grandchild” means a child of a child;
- “participator” has the meaning given by section 454 of CTA 2010.
### Failure of conditions of application
##### 1A
- (1) If the condition in sub-paragraph (2)(b) or (2)(da) of paragraph 1 above is not satisfied in consequence of an event occurring after the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule as ceasing to be eligible shares on the date of the event.
- (2) If the condition in sub-paragraph (2)(e) of that paragraph is not satisfied in consequence of an event occurring after the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule as ceasing to be eligible shares on the date of the event.
- (3) If the condition in sub-paragraph (2)(f) of that paragraph is not satisfied in relation to the shares mentioned in sub-paragraph (2)(a) of that paragraph, the shares shall be treated for the purposes of this Schedule as never having been eligible shares.
- (4) If the condition in sub-paragraph (2)(g) ... of that paragraph is not satisfied in relation to the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule—
- (a) if the claim under this Schedule is made after the time mentioned in section 175(3) of ITA 2007, as never having been eligible shares; and
- (b) if that claim is made before that time, as ceasing to be eligible shares at that time.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) None of the preceding sub-paragraphs applies unless—
- (a) the company has given notice under paragraph 16(2) or (4) below, section 310(2) of the Taxes Act or section 241(3) of ITA 2007; or
- (b) an inspector has given notice to the company stating that, by reason of the matter mentioned in that sub-paragraph, the shares mentioned in paragraph 1(2)(a) above should, in his opinion, be treated for the purposes of this Schedule as never having been or, as the case may be, as ceasing to be eligible shares.
- (6) The giving of notice by an inspector under sub-paragraph (5) above shall be taken, for the purposes of the provisions of the Management Act relating to appeals against decisions on claims, to be a decision refusing a claim made by the company.
- (7) Where any issue has been determined on an appeal brought by virtue of section 307(1B) of the Taxes Act or section 236(1) of ITA 2007 (appeal against notice that relief was not due), the determination shall be conclusive for the purposes of any appeal brought by virtue of sub-paragraph (6) above on which that issue arises.
### Reorganisations
##### 7
- (1) 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 deferral relief and relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 are attributable,
- (b) shares to which deferral relief but not relief under that Chapter or that Part is attributable, and
- (c) shares to which deferral relief is not 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 paragraph) separately to shares falling within paragraph (a), (b) 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).
- (2) 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, the existing holding or the allotted shares are shares to which deferral relief is attributable,
sections 127 to 130 shall not apply in relation to the existing holding.
### Acquisition of share capital by new company
##### 8
- (1) This paragraph applies where—
- (a) a company (“the new company") in which the only issued shares are subscriber shares acquires all the shares (“old shares") in another company (“the old company");
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares") in the new company;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description;
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings;
- (e) at some time before the issue of the new shares—
- (i) the old company issued eligible shares; and
- (ii) a certificate in relation to those eligible shares was issued by that company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 (as applied by paragraph 6 above) and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007 (as so applied); and
- (f) by virtue of section 127 as applied by section 135(3), the exchange of shares is not treated as involving a disposal of the old shares or an acquisition of the new shares.
- (2) For the purposes of this Schedule, deferral relief attributable to any old shares shall be attributable instead to the new shares for which they are exchanged.
- (3) Where, in the case of any new shares held by an individual to which deferral relief becomes so attributable, the old shares for which they are exchanged were subscribed for by and issued to the individual, this Schedule shall have effect as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for by him;
- (b) the new shares had been issued to him by the new company at the time when the old shares were issued to him by the old company; and
- (c) the claim under this Schedule made in respect of the old shares had been made in respect of the new shares.
- (4) Where, in the case of any new shares held by an individual to which deferral relief becomes so attributable, the old shares for which they are exchanged were acquired by the individual on a disposal within marriage or civil partnership, this Schedule shall have effect as if—
- (a) the new shares had been subscribed for at the time when, and for the amount for which, the old shares were subscribed for;
- (b) the new shares had been issued by the new company at the time when the old shares were issued by the old company; and
- (c) the claim under this Schedule made in respect of the old shares had been made in respect of the new shares.
- (5) Where deferral relief becomes so attributable to any new shares—
- (a) this Schedule shall have effect as if anything which, under paragraph 1A(5) above, paragraph 16 below or section 306(2) of the Taxes Act or section 203(1) of ITA 2007 as applied by paragraph 6 above has been done, or is required to be done, by or in relation to the old company had been done, or were required to be done, by or in relation to the new company; and
- (b) any appeal brought by the old company against a notice under paragraph 1A(5)(b) may be prosecuted by the new company as if it had been brought by that company.
- (6) For the purposes of this paragraph old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights; and in sub-paragraph (1) above references to shares, except in the expressions “*eligible shares*” and “*subscriber shares*”, include references to securities.
- (7) Nothing in section 293(8) of the Taxes Act or section 185 of ITA 2007, as applied by the definition of “qualifying company" in paragraph 19(1) below, shall apply in relation to such an exchange of shares, or shares and securities, as is mentioned in sub-paragraph (1) above or arrangements with a view to such an exchange.
### Other reconstructions and amalgamations
##### 9
- (1) This paragraph applies if section 135 or 136 (company reconstructions) applies in relation to shares to which deferral relief, but not relief under Part 5 of ITA 2007 (or Chapter 3 of Part 7 of the Taxes Act), is attributable.
- (1A) Paragraphs 3 and 4 of this Schedule have effect as if section 135 or 136 did not apply in relation to the shares.
- (2) Sub-paragraph (1A) does not apply if—
- (a) the new holding consists of new ordinary shares (“the new 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 sub-paragraph (4) below is satisfied.
- (3) Sub-paragraph (1A) does not apply if paragraph 8 applies in relation to the shares.
- (4) 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 (as applied by paragraph 6 above) and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007 (as so applied).
- (5) In sub-paragraph (2) above “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136.
### Re-investment in same company etc.
##### 10
- (1) An individual to whom any eligible shares in a qualifying company are issued shall not be regarded for the purposes of this Schedule as making a qualifying investment if, where the asset disposed of consisted of shares in or securities of any company (“the initial holding"), the qualifying company—
- (a) is the company in which the initial holding subsisted; or
- (b) is a company that was, at the time of the disposal of the initial holding, or is, at the time of the issue of the eligible shares, a member of the same group of companies as the company in which the initial holding subsisted.
- (2) Where—
- (a) any eligible shares in a qualifying company (“the acquired holding") are issued to an individual,
- (b) an amount of qualifying expenditure on those shares has been set under this Schedule against the whole or part of any chargeable gain (the “postponed gain"), and
- (c) after the issue of those shares, eligible shares in a relevant company are issued to him,
he shall not be regarded in relation to the issue to him of the shares in the relevant company as making a qualifying investment for the purposes of this Schedule.
- (3) For the purposes of sub-paragraph (2) above a company is a relevant company if—
- (a) where that individual has disposed of any of the acquired holding, it is the company in which the acquired holding has subsisted or a company which was a member of the same group of companies as that company at any time since the acquisition of the acquired holding;
- (b) it is a company in relation to the disposal of any shares in which there has been a claim under this Schedule such that, without that claim, there would have been no postponed gain in relation to the acquired holding; or
- (c) it is a company which, at the time of the disposal or acquisition to which the claim relates, was a member of the same group of companies as a company falling within paragraph (b) above.
- (4) In this paragraph “*group of companies*” means a company which has one or more 51 per cent. subsidiaries, together with those subsidiaries.
### Pre-arranged exits
##### 11
- (1) Where an individual subscribes for eligible shares (“the shares") in a company, the shares shall be treated as not being eligible shares for the purposes of this Schedule if the relevant arrangements include—
- (a) arrangements with a view to the subsequent repurchase, exchange or other disposal of the shares or of other shares in or securities of the same company;
- (b) arrangements for or with a view to the cessation of any trade which is being or is to be or may be carried on by the company or a person connected with the company;
- (c) arrangements for the disposal of, or of a substantial amount of, the assets of the company or of a person connected with the company;
- (d) arrangements the main purpose of which, or one of the main purposes of which, is (by means of any insurance, indemnity or guarantee or otherwise) to provide partial or complete protection for persons investing in shares in that company against what would otherwise be the risks attached to making the investment.
- (2) The arrangements referred to in sub-paragraph (1)(a) above do not include any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in paragraph 8(1) above.
- (3) The arrangements referred to in sub-paragraph (1)(b) and (c) above do not include any arrangements applicable only on the winding up of a company except in a case where—
- (a) the relevant arrangements include arrangements for the company to be wound up; or
- (b) the company is wound up otherwise than for bona fide commercial reasons.
- (4) The arrangements referred to in sub-paragraph (1)(d) above do not include any arrangements which are confined to the provision—
- (a) for the company itself, or
- (b) in the case of a company which is a parent company of a trading group, for the company itself, for the company itself and one or more of its subsidiaries or for one or more of its subsidiaries,
of any such protection against the risks arising in the course of carrying on its business as it might reasonably be expected so to provide in normal commercial circumstances.
- (5) The reference in sub-paragraph (4) above to the parent company of a trading group
- (a) shall be construed in accordance with the provision contained for the purposes of section 293 of the Taxes Act in that section, or
- (b) is a reference to a company that meets the trading requirement in section 181(2)(b) of ITA 2007.
- (6) In this paragraph “*the relevant arrangements*” means—
- (a) the arrangements under which the shares are issued to the individual; and
- (b) any arrangements made before the issue of the shares to him in relation to or in connection with that issue.
### Put options and call options
##### 12
- (1) Sub-paragraph (2) below applies where an individual subscribes for eligible shares (“the shares") in a company and—
- (a) an option, the exercise of which would bind the grantor to purchase such shares, is granted to the individual during the relevant period; or
- (b) an option, the exercise of which would bind the individual to sell such shares, is granted by the individual during the relevant period.
- (2) The shares to which the option relates shall be treated for the purposes of this Schedule—
- (a) if the option is granted on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the option is granted after that date, as ceasing to be eligible shares on the date when the option is granted.
- (3) The shares to which the option relates shall be taken to be those which, if—
- (a) the option were exercised immediately after the grant, and
- (b) any shares in the company acquired by the individual after the grant were disposed of immediately after being acquired,
would be treated for the purposes of this Schedule as disposed of in pursuance of the option.
- (4) Nothing in this paragraph shall prejudice the operation of paragraph 11 above.
- (5) An individual who acquires any eligible shares on a disposal within marriage or civil partnership shall be treated for the purposes of this paragraph and paragraphs 13 to 15 below as if he subscribed for those shares.
### Value received by investor
##### 13
- (1) Where an individual who subscribes for eligible shares (“the shares") in a company receives any value (other than insignificant value) from the company at any time in the period of restriction, the shares shall be treated as follows for the purposes of this Schedule—
- (a) if the individual receives the value on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the individual receives the value after that date, as ceasing to be eligible shares on the date when the value is received.
- (1A) This paragraph is subject to paragraph 13B below.
- (1B) Where—
- (a) the individual who subscribes for the shares receives value (“*the relevant receipt*”) from the company during the period of restriction,
- (b) the individual 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) above is not an amount of insignificant value,
the individual shall be treated for the purposes of this Schedule as if the relevant receipt had been a receipt of an amount of value equal to the aggregate amount.
For this purpose a receipt does not fall within paragraph (b) above if it has previously been aggregated under this sub-paragraph.
- (2) For the purposes of this paragraph an individual receives value from the company if the company—
- (a) repays, redeems or repurchases any of its share capital or securities which belong to the individual or makes any payment to him for giving up his 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 individual 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 individual any payment for giving up his right to any debt on its extinguishment;
- (d) releases or waives any liability of the individual to the company or discharges, or undertakes to discharge, any liability of his to a third person;
- (e) makes a loan or advance to the individual which has not been repaid in full before the issue of the shares;
- (f) provides a benefit or facility for the individual;
- (g) disposes of an asset to the individual 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 individual 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 individual other than a qualifying payment.
- (3) For the purposes of sub-paragraph (2)(e) above there shall be treated as if it were a loan made by the company to the individual—
- (a) the amount of any debt (other than an ordinary trade debt) incurred by the individual to the company; and
- (b) the amount of any debt due from the individual to a third person which has been assigned to the company.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) For the purposes of this paragraph an individual also receives value from the company if any person who would, for the purposes of section 291 of the Taxes Act or Chapter 2 of Part 5 of ITA 2007, be treated as connected with the company—
- (a) purchases any of its share capital or securities which belong to the individual; or
- (b) makes any payment to him for giving up any right in relation to any of the company’s share capital or securities.
- (6) Where an individual’s disposal of shares in a company gives rise to a chargeable event falling within paragraph 3(1)(a) or (b) above, the individual shall not be treated for the purposes of this paragraph as receiving value from the company in respect of the disposal.
- (7) 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 individual to whom the payment is made in the performance of duties as an officer or emplyee 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;
- (i) a payment in discharge of an ordinary trade debt.
- (8) For the purposes of this paragraph a company shall 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.
- (9) 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.
- (10) In this paragraph and paragraph 13A(1) below—
- (a) any reference to a payment or disposal to an individual includes a reference to a payment or disposal made to him indirectly or to his order or for his benefit;
- (b) any reference to an individual includes a reference to an associate of his; and
- (c) any reference to a company includes a reference to a person who at any time in the relevant period is connected with the company, whether or not he is so connected at the material time.
- (11) 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.
- (12) In paragraphs 13A to 13C below (except paragraph 13C(4))—
- (a) references to “*the shares*” shall be construed in accordance with sub-paragraph (1) above, and
- (b) references to “*the period of restriction*” shall be construed as references to the period of restriction relating to the shares.
### Value received by other persons
##### 14
- (1) Sub-paragraph (2) below applies where an individual subscribes for eligible shares (“the shares") in a company and at any time in the period of restriction the company or any subsidiary—
- (a) repays, redeems or repurchases any of its share capital which belongs to any member other than the individual or a person falling within sub-paragraph (3) below, or
- (b) makes any payment (directly or indirectly) to any such member, or to his order or for his benefit, for the giving up of his right to any of the share capital of the company or subsidiary on its cancellation or extinguishment.
This is subject to paragraphs 14AA and 14A below.
- (2) The shares shall be treated for the purposes of this Schedule—
- (a) if the repayment, redemption, repurchase or payment in question is made or effected on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if it is made or effected after that date, as ceasing to be eligible shares on the date when it is made or effected.
- (3) A person falls within this sub-paragraph if the repayment, redemption, repurchase or payment in question—
- (a) gives rise to a qualifying chargeable event in respect of him, or
- (b) causes any relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 attributable to his shares in the company to be withdrawn or reduced by virtue of section 299 or 300(2)(a) of the Taxes Act or section 209 or 216(2)(a) of ITA 2007, or
- (c) causes any investment relief attributable to shares held by that person (within the meaning of Schedule 15 to the Finance Act 2000) to be withdrawn or reduced by virtue of paragraph 46 (disposal of shares) or 49(1)(a) (repayment etc. of share capital or securities) of that Schedule
or it would have the effect mentioned in paragraph (a), (b) or (c) above were it not a receipt of insignificant value for the purposes of paragraph 13 above, section 300 of the Taxes Act or 214 of ITA 2007 or paragraph 47 of Schedule 15 to the Finance Act 2000, as the case may be.
- (4) In sub-paragraph (3) above “*qualifying chargeable event*” means—
- (a) a chargeable event falling within paragraph 3(1)(a) or (b) above; or
- (b) a chargeable event falling within paragraph 3(1)(e) above by virtue of sub-paragraph (1)(b) of paragraph 13 above (as it applies by virtue of sub-paragraph (2)(a) of that paragraph).
- (5) Where—
- (a) a company issues share capital (“the original shares") of nominal value equal to the authorised minimum (within the meaning of the Companies Act 2006) for the purposes of complying with the requirements of section 761 of that Act (public company: requirement as to minimum share capital); and
- (b) after the registrar of companies has issued the company with a certificate under section 761, it issues eligible shares,
the preceding provisions of this paragraph shall not apply in relation to any redemption of any of the original shares within 12 months of the date on which those shares were issued.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) References in this paragraph and paragraphs 14AA and 14A below to a subsidiary of a company are references to a company which at any time in the relevant period is a 51 per cent. subsidiary of the first mentioned company, whether or not it is such a subsidiary at the time of the repayment, redemption, repurchase or payment in question.
### Investment-linked loans
##### 15
- (1) Where at any time in the relevant period an investment-linked loan is made by any person to an individual who subscribes for eligible shares (“the shares") in a company, the shares shall be treated for the purposes of this Schedule—
- (a) if the loan is made on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the loan is made after that date, as ceasing to be eligible shares on the date when the loan is made.
- (2) A loan made by any person to an individual is an investment-linked loan for the purposes of this paragraph if the loan is one which would not have been made, or would not have been made on the same terms, if the individual had not subscribed for the shares or had not been proposing to do so.
- (3) References in this paragraph to the making by any person of a loan to an individual include references—
- (a) to the giving by that person of any credit to that individual; and
- (b) to the assignment or assignation to that person of any debt due from that individual.
- (4) In this paragraph any reference to an individual includes a reference to an associate of his.
### Information
##### 16
- (1) Where, in relation to any of the relevant shares held by an individual—
- (a) a chargeable event falling within paragraph 3(1)(a) or (b) above occurs at any time before the termination date relating to those shares,
- (b) a chargeable event falling within paragraph 3(1)(c) or (d) above occurs, or
- (c) a chargeable event falling within paragraph 3(1)(e) above occurs by virtue of paragraph 12(2)(b), 13(1)(b) or 15(1)(b) above,
the individual shall within 60 days of his coming to know of the event give a notice to the inspector containing particulars of the circumstances giving rise to the event.
- (2) Where, in relation to any of the relevant shares in a company, a chargeable event falling within paragraph 3(1)(e) above occurs by virtue of paragraph 1A(1) or (2), 13(1)(b) or 14(2)(b) above—
- (a) the company, and
- (b) any person connected with the company who has knowledge of that matter,
shall within 60 days of the event or, in the case of a person within paragraph (b) above, of his coming to know of it, give a notice to the inspector containing particulars of the circumstances giving rise to the event.
- (2A) In determining, for the purposes of sub-paragraph (1) or (2) above, whether a chargeable event falling within paragraph 3(1)(e) above has occurred by virtue of paragraph 13(1)(b) above, the effect of paragraph 13B above shall be disregarded.
- (3) A chargeable event falling within paragraph 3(1)(e) above which, but for paragraph 1A(5) above, would occur at any time by virtue of paragraph 1A(1) or (2) above shall be treated for the purposes of sub-paragraph (2) above as occurring at that time.
- (3A) Where—
- (a) a person is required to give a notice under sub-paragraph (1) or (2) above in respect of a chargeable event which occurs by virtue of paragraph 13(1)(b) above or would occur by virtue of that paragraph but for the operation of paragraph 13B above, and
- (b) that person has knowledge of the replacement value received (or expected to be received) from the original recipient by the original supplier by reason of a qualifying receipt,
the notice shall include particulars of that receipt of the replacement value (or expected receipt).
In this sub-paragraph “*the replacement value*”, “*the original recipient*”, “*the original supplier*” and “*qualifying receipt*” shall be construed in accordance with paragraph 13B above.
- (4) Where a company has issued a certificate under section 306(2) of the Taxes Act or section 203(1) of ITA 2007 (as applied by paragraph 6 above) in respect of any eligible shares in the company, and the condition in paragraph 1(2)(g) above is not satisfied in relation to the shares—
- (a) the company, and
- (b) any person connected with the company who has knowledge of that matter,
shall within 60 days of the time mentioned in section 289(3) of the Taxes Act or section 175(3) of ITA 2007 or, in the case of a person within paragraph (b) above, of his coming to know that the condition is not satisfied, give notice to the inspector setting out the particulars of the case.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) If the inspector has reason to believe—
- (a) that a person has not given a notice which he is required to give—
- (i) under sub-paragraph (1) or (2) above in respect of any chargeable event, or
- (ii) under sub-paragraph (4) above in respect of any particular case, or
- (b) that a person has given or received value (within the meaning of paragraph 13(2) or (5) above) which, but for the fact that the amount given or received was an amount of insignificant value (within the meaning of paragraph 13A(3) above), would have triggered a requirement to give a notice under sub-paragraph (1) or (2) above, or
- (c) that a person has made or received any repayment (within the meaning of paragraph 14AA(2) above) which, but for the fact that it falls to be disregarded for the purposes of paragraph 14 above by virtue of paragraph 14AA(1) above, would have triggered a requirement to give a notice under sub-paragraph (2) above,
the inspector may by notice require that person to furnish him within such time (not being less than 60 days) as may be specified in the notice with such information relating to the event or case as the inspector may reasonably require for the purposes of this Schedule.
- (6) Where a claim is made under this Schedule in respect of shares in a company and the inspector has reason to believe that it may not be well founded by reason of any such arrangements as are mentioned in paragraphs 1(2)(d), 11(1) or 11A above, or section 289(1D) or (9)(e), 289A(8)(b) or (8A), 293(4B), (6) or (8) or 308(2)(e), (3), (3A) or (4) of the Taxes Act or section 176(4)(b) or (5)(b), 182(2) or (4), 183(6), 185(1), 190(1)(e) or 191(2)(c), (3), (4) or (5) of ITA 2007, he may by notice require any person concerned to furnish him within such time (not being less than 60 days) as may be specified in the notice with—
- (a) a declaration in writing stating whether or not, according to the information which that person has or can reasonably obtain, any such arrangements exist or have existed;
- (b) such other information as the inspector may reasonably require for the purposes of the provision in question and as that person has or can reasonably obtain.
- (7) For the purposes of sub-paragraph (6) above, the persons who are persons concerned are—
- (a) in relation to paragraph 1(2)(d) above or section 293(4B) or (6) of the Taxes Act or section 182(2) or (4) of ITA 2007, the claimant, the company and any person controlling the company;
- (aa) in relation to section 289(1D), 289A(8)(b) or (8A) or 308(3), (3A) or (4) of the Taxes Act or section 176(4)(b) or (5)(b), 183(6) or 191(3), (4) or (5) of ITA 2007, the claimant, the company, any other company in question and any person controlling the company or any other company in question;
- (b) in relation to paragraph 11(1) above, the claimant, the company and any person connected with the company; ...
- (ba) in relation to paragraph 11A, the claimant, the company, any person controlling the company and any person whom an officer of Revenue and Customs has reason to believe may be a party to the arrangements in question; and
- (c) in relation to section 289(9)(e), 293(8) or 308(2)(e) of the Taxes Act or section 185(1), 190(1)(e) or 191(2)(c) of ITA 2007, the company and any person controlling the company;
and for those purposes the references in paragraphs (a), (aa), (b) and (ba) above to the claimant include references to any person to whom the claimant appears to have made a disposal within marriage or civil partnership of any of the shares in question.
- (7A) The references in sub-paragraphs (6) and (7) above to subsections (3), (3A) and (4) of section 308 of the Taxes Act and subsections (3), (4) and (5) of section 191 of ITA 2007 are to be read as including those provisions as applied by section 289(10) and (11) of the Taxes Act or section 190(2) of ITA 2007.
- (8) Where deferral relief is attributable to shares in a company—
- (a) any person who receives from the company any payment or asset which may constitute value received (by him or another) for the purposes of paragraph 13 above, and
- (b) any person on whose behalf such a payment or asset is received,
shall, if so required by the inspector, state whether the payment or asset received by him or on his behalf is received on behalf of any person other than himself and, if so, the name and address of that person.
- (9) Where a claim has been made under this Schedule in relation to shares in a company, any person who holds or has held shares in the company and any person on whose behalf any such shares are or were held shall, if so required by the inspector, state—
- (a) whether the shares which are or were held by him or on his behalf are or were held on behalf of any person other than himself; and
- (b) if so, the name and address of that person.
- (10) No obligation as to secrecy imposed by statute or otherwise shall preclude the inspector from disclosing to a company that relief has been given or claimed in respect of a particular number or proportion of its shares.
### Trustees: general
##### 17
- (1) Subject to the following provisions of this paragraph, this Schedule shall apply as if—
- (a) any reference to an individual included a reference to the trustees of a settlement, and
- (b) in relation to any such trustees, the reference in paragraph 1(1) above to any asset were a reference to any asset comprised in any settled property to which this paragraph applies (a “trust asset").
- (2) This paragraph applies—
- (a) to any settled property in which the interests of the beneficiaries are not interests in possession, if all the beneficiaries are individuals, and
- (b) to any settled property in which the interests of the beneficiaries are interests in possession, if any of the beneficiaries are individuals.
- (3) If, at the time of the disposal of the trust asset in a case where this Schedule applies by virtue of this paragraph—
- (a) the settled property comprising that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, but
- (b) not all the beneficiaries are individuals,
only the relevant proportion of the gain which would accrue to the trustees on the disposal shall be taken into account for the purposes of this Schedule as it so applies.
- (4) This Schedule shall not apply by virtue of this paragraph in a case where, at the time of the disposal of the trust asset, the settled property which comprises that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(a) above unless, immediately after the acquisition of the relevant shares, the settled property comprising the shares is also property to which this paragraph applies by virtue of sub-paragraph (2)(a) above.
- (5) This Schedule shall not apply by virtue of this paragraph in a case where, at the time of the disposal of the trust asset, the settled property which comprises that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(b) above unless, immediately after the acquisition of the relevant shares—
- (a) the settled property comprising the shares is also property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, and
- (b) if not all the beneficiaries are individuals, the relevant proportion is not less than the proportion which was the relevant proportion at the time of the disposal of the trust asset.
- (6) If, at any time, in the case of settled property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, both individuals and others have interests in possession, “the relevant proportion" at that time is the proportion which the amount specified in paragraph (a) below bears to the amount specified in paragraph (b) below, that is—
- (a) the total amount of the income of the settled property, being income the interests in which are held by beneficiaries who are individuals, and
- (b) the total amount of all the income of the settled property.
- (7) Where, in the case of any settled property in which any beneficiary holds an interest in possession, one or more beneficiaries (“the relevant beneficiaries") hold interests not in possession, this paragraph shall apply as if—
- (a) the interests of the relevant beneficiaries were a single interest in possession, and
- (b) that interest were held, where all the relevant beneficiaries are individuals, by an individual and, in any other case, by a person who is not an individual.
- (8) In this paragraph references to interests in possession do not include interests for a fixed term and, except in sub-paragraph (1), references to individuals include any charity.
### Trustees: anti-avoidance
##### 18
- (1) Paragraphs 13 to 13C and 15 above shall have effect in relation to the subscription for shares by the trustees of a settlement as if references to the individual subscribing for the shares were references to—
- (a) those trustees;
- (b) any individual or charity by virtue of whose interest, at a relevant time, paragraph 17 above applies to the settled property; or
- (c) any associate of such an individual, or any person connected with such a charity.
- (2) The relevant times for the purposes of sub-paragraph (1)(b) above are the time when the shares are issued and—
- (a) in a case where sub-paragraph (1) of paragraph 13 above applies, or that sub-paragraph would apply were it not for the fact that the amount of value is an amount of insignificant value for the purposes of that sub-paragraph, the time when the value is received;
- (ab) in a case where paragraph 13(1) above would apply were it not for the operation of paragraph 13B above, the time when the original value (within the meaning of paragraph 13B above) in question is received;
- (b) in a case where paragraph 15 above applies, the time when the loan is made.
### Interpretation
##### 19
- (1) For the purposes of this Schedule—
- “*51 per cent. subsidiary*” has the meaning given by Chapter 3 of Part 24 of CTA 2010;
- “*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;
- “*bonus shares*” means shares which are issued otherwise than for payment (whether in cash or otherwise);
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*eligible shares*” has the meaning given by section 289(7) of the Taxes Act or means shares that meet the requirement in section 173 (2) of ITA 2007;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*non-resident*” means a person who is neither resident nor ordinarily resident in the United Kingdom;
- “*ordinary share capital*” has the meaning given by section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*the period of restriction*”, in relation to any shares, means the period— beginning one year before the shares are issued, andending immediately before the termination date relating to the shares;
- “*qualifying business activity*” has the meaning given by section 289(2) of the Taxes Act or section 179 of ITA 2007;
- “*qualifying company*”, in relation to any eligible shares, means a company which, in relation to those shares, is— a qualifying company for the purposes of Chapter 3 of Part 7 of the Taxes Act (except that for the purposes of this Schedule the reference in section 293(1B)(b)(i) of that Act to section 304A of that Act shall be read as a reference to paragraph 8 above), ora qualifying company for the purposes of Part 5 of ITA 2007 (except that for the purposes of this Schedule the reference in section 184(1)(c)(i) of that Act to section 247 of that Act shall be read as a reference to paragraph 8 above).
- “*the relevant period*”, in the case of any shares, 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 that issued the shares and by reference to the shares;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*termination date*”, in relation to any shares, means the date found by applying the definition of “termination date” in section 312(1) of the Taxes Act or section 256 of ITA 2007 by reference to the company that issued the shares and by reference to the shares.
- (1A) For the purposes of this Schedule, “*the relevant shares*”, in relation to a case to which this Schedule applies, means the shares which—
- (a) are acquired by the investor in making the qualifying investment, and
- (b) where the qualifying investment is made before the time at which the original gain accrues, are still held by the investor at that time.
This is subject to sub-paragraphs (1B) and (1D) below.
- (1B) If any corresponding bonus shares in the same company are issued to the investor or any person who has acquired any of the relevant shares from the investor on a disposal within marriage or civil partnership, this Schedule shall apply as if references to the relevant shares were to all the shares comprising the relevant shares and the bonus shares so issued.
- (1C) In sub-paragraph (1B) above “*corresponding bonus shares*” means bonus shares which—
- (a) are issued in respect of the relevant shares; and
- (b) are of the same class, and carry the same rights, as those shares.
- (1D) If, in circumstances in which paragraph 8 above applies, new shares are issued in exchange for old shares, references in this Schedule to the relevant shares, so far as they relate to the old shares, shall be construed as references to the new shares and not to the old shares.
- (1E) In sub-paragraph (1D) above “*new shares*” and “*old shares*” have the same meaning as in paragraph 8 above.
- (2) For the purposes of this Schedule, “*deferral relief*” is attributable to any shares if—
- (a) expenditure on the shares has been set under this Schedule 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 this Schedule.
- (3) In this Schedule—
- (a) references (however expressed) to an issue of eligible shares in any company are to any eligible shares in the company that are of the same class and are issued on the same day;
- (b) references to a disposal within marriage or civil partnership are references to any disposal to which section 58 applies; ...
- (c) references 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; and
- (d) references 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 on or after 6th April 2007.
- (4) For the purposes of this Schedule shares in a company shall not be treated as being of the same class unless they would be so treated if dealt with on the Stock Exchange.
- (5) Notwithstanding anything in section 288(5), shares shall not for the purposes of this Schedule be treated as issued by reason only of being comprised in a letter of allotment or similar instrument.
## SCHEDULE 7AA
### Introductory
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Restriction on setting off losses
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustment of pre-entry gains
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying losses"
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for disposal of pooled assets
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for losses on disposal of certain assets acquired at different times
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for gains and losses on deemed annual disposal
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 31A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 150D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 284A
- (1) This section applies where—
- (a) a person (“*the original taxpayer*”) has at any time obtained for any chargeable period (“*the first chargeable period*”) the benefit of any capital gains relief to which he had no statutory entitlement;
- (b) the benefit of the relief was obtained in reliance on any concession;
- (c) the concession was first published by the Board before 9th March 1999 or (having been published on or after that date) replaced a concession satisfying the requirements of this paragraph with a concession to the same or substantially the same effect; and
- (d) the concession involved the application (with or without modifications), to a case to which they would not otherwise have applied, of the provisions of any enactment (“*the relevant statutory provisions*”).
- (2) This section applies only if, at the time when the original taxpayer obtained the benefit of the relief, the concession was one available generally to any person falling within its terms.
- (3) If the benefit obtained for the first chargeable period by the original taxpayer is repudiated for any later chargeable period (whether by the original taxpayer or by another person), the enactments relating to the taxation of chargeable gains shall have effect as if a chargeable gain equal to the amount of that benefit accrued in the later chargeable period to the person repudiating the benefit.
- (4) For the purposes of this section—
- (a) a capital gains relief for any chargeable period is a relief (of whatever description) the effect of which is that the amount of the chargeable gains taken to have accrued to that person in that period is less than it otherwise would have been; and
- (b) the amount of the benefit of any such relief is the amount by which, as a consequence of that relief, those gains are less than they otherwise would have been.
- (5) Where, without applying a specific enactment, any concession has the effect that—
- (a) any asset is treated as the same as another asset and as acquired as the other asset was acquired,
- (b) any two or more assets are treated as a single asset, or
- (c) any disposal is treated as having been a disposal on which neither a gain nor a loss accrued,
that concession shall be assumed for the purposes of this section to have involved the application, to a case to which it would not otherwise have applied, of the provisions of an enactment to the corresponding effect.
- (6) For the purposes of this section the benefit of any relief obtained by the original taxpayer for the first chargeable period is repudiated by a person for a later chargeable period if—
- (a) circumstances arise such that, had the equivalent circumstances arisen in the case of the corresponding relief under the relevant statutory provisions, the whole or a part of the benefit of that relief would have fallen to be recouped from that person in the later chargeable period;
- (b) apart from this section, the recoupment in the actual circumstances of the whole or a part of the benefit obtained by the original taxpayer is prevented by the fact that the original taxpayer relied on a concession (rather than on the relevant statutory provisions) to obtain that benefit; and
- (c) the person from whom, in the equivalent circumstances, the amount of the benefit or any part of it would have fallen to be recouped is not precluded by subsection (8) below from relying on that fact in relation to that amount or part.
- (7) For the purposes of this section an amount of the benefit of a capital gains relief is recouped from any person in a chargeable period to the extent that an amount is so brought into account in his case for that period as to secure that—
- (a) the amount of his chargeable gains for that period is taken to be more than it otherwise would have been by an amount directly or indirectly representing the whole or a part of the amount of the benefit; or
- (b) the amount of his allowable losses for that period is taken to be less than it otherwise would have been by an amount directly or indirectly representing the whole or a part of the amount of the benefit.
- (8) Where—
- (a) any such circumstances as are mentioned in subsection (6)(a) above have arisen in relation to the relief the benefit of which has been obtained by the original taxpayer,
- (b) the person from whom, in the equivalent circumstances, the whole or any part of the amount of the benefit would have fallen to be recouped has accepted that, in the actual circumstances, the whole or a part of the benefit obtained by the original taxpayer may be recouped from him, and
- (c) that acceptance is indicated in writing to the Board (whether by the making or amendment of a self-assessment or otherwise),
that person’s rights subsequently to amend, appeal against or otherwise challenge any assessment shall not be exercised in any manner inconsistent with his acceptance of that matter (which shall be irrevocable).
- (9) In this section “*concession*” includes any practice, interpretation or other statement in the nature of a concession.
##### 284B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The total amount of chargeable gains that are treated as accruing to any person under subsection (3) of section 284A in respect of any such benefit as is referred to in that subsection shall not exceed the amount of that benefit.
- (3) Where, after any assessment to tax has been made on the basis that any chargeable gain is treated as having accrued to any person under section 284A(3)—
- (a) the person assessed, within any of the periods allowed by subsection (4) below, gives an indication for the purposes of section 284A(8), or
- (b) a final determination of the original taxpayer’s liability to tax for the first chargeable period is made on the basis that the original taxpayer did not, or was not entitled to, rely on the concession in question,
all such adjustments shall be made (whether by way of assessment, amendment of an assessment, repayment of tax or otherwise) as are necessary to secure that no person is subjected to any greater liability by virtue of section 284A(3) than he would have been had the indication been given, or the final determination made, before the making of the assessment.
- (4) The periods allowed by this subsection are—
- (a) the period of twelve months beginning with the making of the assessment;
- (b) the period within which the person is entitled to amend his self-assessment or company tax return for the chargeable period in which the chargeable gain under section 284A(3) is treated as having accrued to him;
- (c) where the person makes a claim for any further relief against the amount that may be recouped from him by virtue of his indication under section 284A(8), the period allowed for making that claim.
- (5) Subsection (3) above has effect notwithstanding any time limits relating to the making or amendment of an assessment for any chargeable period.
## SCHEDULE 5BA
### Application of Schedule
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Taper relief on revived gains
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Qualifying holding period
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods that do not count
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Gains on disposal of business or non-business assets
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Savings
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Relevant re-investment shares
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Derivation of gains
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 76A
Schedule 4A to this Act has effect with respect to disposals for consideration of an interest in settled property.
##### 76B
Schedule 4B to this Act has effect with respect to transfers of value by trustees that are, in accordance with the Schedule, treated as linked with trustee borrowing.
##### 79A
- (1) This section applies to a chargeable gain accruing to the trustees of a settlement where—
- (a) in computing the gain, the allowable expenditure is reduced in consequence, directly or indirectly, of a claim to gifts relief in relation to an earlier disposal to the trustees;
- (b) the transferor on that earlier disposal, or any person connected with the transferor, has at any time—
- (i) acquired an interest in the settled property, or
- (ii) entered into an arrangement to acquire such an interest; and
- (c) in connection with that acquisition or arrangement any person has at any time received, or become entitled to receive, any consideration.
- (2) Where this section applies to a chargeable gain, no allowable losses accruing to the trustees (in the year in which the gain accrues or any earlier year) may be set against the gain.
This applies to the whole of the chargeable gain (and not just the element deferred as a result of the claim to gifts relief).
- (3) In this section—
- (a) “*gifts relief*” means relief under section 165 or 260; and
- (b) references to losses not being allowed to be set against a chargeable gain are to the losses not being allowed as a deduction against chargeable gains to the extent that they include that gain.
- (4) The references in subsection (1)(b) above to an interest in settled property have the same meaning as in Schedule 4A.
##### 79B
- (1) This section applies where the trustees of a settlement are participators—
- (a) in a close company, or
- (b) in a company that is not resident in the United Kingdom but would be a close company if it were resident in the United Kingdom.
For this purpose “*participator*” has the same meaning as in section 13.
- (2) Where this section applies, nothing in any double taxation relief arrangements shall be read as preventing a charge to tax arising by virtue of the attribution to the trustees under section 13, by reason of their participation in the company mentioned in subsection (1) above, of any part of a chargeable gain accruing to a company that is not resident in the United Kingdom.
- (3) Where this section applies and—
- (a) a chargeable gain accrues to a company that is not resident in the United Kingdom but would be a close company if it were resident in the United Kingdom, and
- (b) all or part of the chargeable gain is treated under section 13(2) as accruing to a close company which is not chargeable to corporation tax in respect of the gain by reason of double taxation relief arrangements, and
- (c) had the company mentioned in paragraph (b) (and any other relevant company) not been resident in the United Kingdom, all or part of the chargeable gain would have been attributed to the trustees by reason of their participation in the company mentioned in subsection (1) above,
section 13(9) shall apply as if the company mentioned in paragraph (b) above (and any other relevant company) were not resident in the United Kingdom.
- (4) The references in subsection (3) above to “any other relevant company" are to any other company which if it were not resident in the United Kingdom would be a company in relation to which section 13(9) applied with the result that all or part of the chargeable gain was attributed to the trustees as mentioned in that subsection.
##### 85A
- (1) Schedule 4C to this Act has effect with respect to the attribution of gains to beneficiaries where there has been a transfer of value to which Schedule 4B applies.
- (2) Sections 86A to 95 have effect subject to the provisions of Schedule 4C.
- (2A) For the purposes of sections 87 to 89, no account is to be taken of any section 2(2) amount in a Schedule 4C pool (see paragraph 1 of Schedule 4C).
- (3) When calculating the section 2(2) amount for a settlement for a tax year (within the meaning of section 87), no account is to be taken of any chargeable gains or allowable losses accruing by virtue of Schedule 4B.
Nothing in this subsection affects any increase in a section 2(2) amount by virtue of paragraph 1(3A) or 7B(2)(b) of Schedule 4C.
- (4) No account shall be taken of any chargeable gains or allowable losses to which sections 87 to 89 apply in computing the gains or losses accruing by virtue of Schedule 4B.
##### 171A
- (1) This section applies where—
- (a) a chargeable gain or an allowable loss accrues to a company (“company A”) in respect of an asset (or would so accrue but for an election under this section),
- (b) at the time of accrual, company A and another company (“company B”) are members of the same group, and
- (c) had company A disposed of the asset to company B immediately before the time of accrual, section 171(1) would have applied.
- (2) In determining for the purposes of subsection (1)(c) whether subsection (1) of section 171 would have applied, it is to be assumed that subsection (1A)(b) of that section read—
> (b) that, at the time of the disposal, company B is resident in the United Kingdom, or carrying on a trade in the United Kingdom through a permanent establishment there.
- (3) In this section “*the time of accrual*” means the time the chargeable gain or allowable loss accrues to company A (or would so accrue but for an election under this section).
- (4) Companies A and B may make a joint election to transfer the chargeable gain or allowable loss, or such part of it as is specified in the election, from company A to company B (but see subsection (4A)).
- (4A) An election may not be made under this section to transfer the whole or part of a ring fence chargeable gain from a company carrying on a ring fence trade to a company not carrying on such a trade.
- (4B) In subsection (4A)—
- “*ring fence chargeable gain*”, in relation to a company, means—a chargeable gain accruing to the company on a material disposal within the meaning of section 197 (disposals of interests in oil fields etc: ring fence provisions), ora chargeable gain treated as accruing to the company by virtue of section 197(4);
- “*ring fence trade*” has the same meaning as in Part 8 of CTA 2010 (see section 277 of that Act).
- (5) An election under this section must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) no later than two years after the end of the accounting period of company A in which the time of accrual falls.
- (6) An election, or two or more elections made simultaneously, is or are of no effect if, taken together with each earlier election (if any) made in respect of the same gain or loss, it or they would (apart from this subsection) have effect in relation to an amount exceeding the gain or loss.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the effect of an election under this section, see section 171B.
### Share incentive plans
##### 236A
Schedule 7C (which makes provision for roll-over relief where shares are transferred to an approved share incentive plan) shall have effect.
### Qualifying shareholdings in joint venture companies
##### 23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 4A
### Circumstances in which this Schedule applies
##### 1
This Schedule applies where there is a disposal of an interest in settled property for consideration.
### Meaning of “interest in settled property”
##### 2
- (1) For the purposes of this Schedule an “interest in settled property” means any interest created by or arising under a settlement.
- (2) This includes any right to, or in connection with, the enjoyment of a benefit—
- (a) created by or arising directly under a settlement, or
- (b) arising as a result of the exercise of a discretion or power—
- (i) by the trustees of a settlement, or
- (ii) by any person in relation to settled property.
### Meaning of “for consideration”
##### 3
- (1) For the purposes of this Schedule a disposal is “for consideration” if consideration is given or received by any person for, or otherwise in connection with, any transaction by virtue of which the disposal is effected.
- (2) In determining for the purposes of this Schedule whether a disposal is for consideration there shall be disregarded any consideration consisting of another interest under the same settlement that has not previously been disposed of by any person for consideration.
- (3) In this Schedule “consideration” means actual consideration, as opposed to consideration deemed to be given by any provision of this Act.
### Deemed disposal of underlying assets
##### 4
- (1) Where this Schedule applies and the following conditions are met—
- (a) the condition as to UK residence of the trustees (see paragraph 5),
- (b) the condition as to UK residence of the settlor (see paragraph 6), and
- (c) the condition as to settlor interest in the settlement (see paragraph 7),
the trustees of the settlement are treated for all purposes of this Act as disposing of and immediately reacquiring the relevant underlying assets.
This is referred to below in this Schedule as the “deemed disposal”.
- (2) In paragraphs 5, 6 and 7 “the relevant year of assessment” means the year of assessment in which the disposal of the interest in settled property is made.
- (3) The deemed disposal is treated as taking place when the disposal of the interest in settled property is made.
This is subject to paragraph 13(3)(a) where the beginning of the disposal and its effective completion fall in different years of assessment.
### Condition as to UK residence of trustees
##### 5
- (1) The condition as to UK residence of the trustees is that the trustees of the settlement were resident and ordinarily resident in the United Kingdom during any part of the year.
- (2) For this purpose the trustees shall not be regarded as resident and ordinarily resident in the United Kingdom at any time when they fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (3) This paragraph has effect subject to paragraph 13(3)(b) where the beginning of the disposal and its effective completion fall in different years of assessment.
### Condition as to UK residence of settlor
##### 6
- (1) The condition as to UK residence of the settlor is that in the relevant year of assessment, or any of the previous five years of assessment, a person who is a settlor in relation to the settlement either—
- (a) was resident in the United Kingdom during the whole or part of the year, or
- (b) was ordinarily resident in the United Kingdom during the year.
- (2) Sub-paragraph (1) has effect subject to paragraph 13(3)(c) where the beginning of the disposal and its effective completion fall in different years of assessment.
- (3) No account shall be taken for the purposes of this paragraph of any year of assessment before the year 1999-00.
### Condition as to settlor interest in the settlement
##### 7
- (1) The condition as to settlor interest in the settlement is that at any time in the relevant period the settlement—
- (a) was a settlor-interested settlement, or
- (b) comprised property derived, directly or indirectly, from a settlement that at any time in that period was a settlor-interested settlement.
- (2) The relevant period for this purpose is the period—
- (a) beginning two years before the beginning of the relevant year of assessment, and
- (b) ending with the date of the disposal of the interest in settled property.
This is subject to paragraph 13(3)(d) where the beginning of the disposal and its effective completion fall in different years of assessment.
- (3) The relevant period shall not be treated as beginning before 6th April 1999.
If the rule in sub-paragraph (2) (or, where relevant, that in paragraph 13(3)(d)) would produce that result, the relevant period shall be treated as beginning on that date.
- (4) For the purposes of this paragraph a “settlor-interested settlement” means a settlement in which a person who is a settlor in relation to the settlement has an interest or had an interest at any time in the relevant period.
The provisions of section 169F(2) to (6) apply to determine for the purposes of this paragraph whether a settlor has (or had) an interest in the settlement.
- (5) The condition as to settlor interest in the settlement is treated as not met in a year of assessment—
- (a) where the settlor dies during the year, ...
- (b) in a case where the settlor is regarded as having an interest in the settlement by reason only of—
- (i) the fact that property is, or will or may become, payable to or applicable for the benefit of his spouse or civil partner, or
- (ii) the fact that a benefit is enjoyed by his spouse or civil partner,
where the spouse or civil partner dies, or the settlor and the spouse or civil partner cease to be married or to be civil partners of each other, during the year, or
- (c) in a case where the settlor is regarded as having an interest in a settlement by reason only of—
- (i) the fact that property is, or will or may become, payable to or applicable for the benefit of a dependent child of his, or
- (ii) the fact that a benefit is enjoyed by such a child,
where the settlor ceases during the year to have (and does not in that year subsequently come to have) any dependent child in relation to whom section 169F(3A)(a) or (b) applies.
### The relevant underlying assets
##### 8
- (1) Where the interest disposed of is a right in relation to a specific fund or other defined part of the settled property, the deemed disposal is of the whole or part of each of the assets comprised in that fund or part.
In any other case the deemed disposal is of the whole or part of each of the assets comprised in the settled property.
- (2) Where the interest disposed of is an interest in a specific fraction or amount of the income or capital of—
- (a) the settled property, or
- (b) a specific fund or other defined part of the settled property,
the deemed disposal is of a corresponding part of each of the assets comprised in the settled property or, as the case may be, each of the assets comprised in that fund or part.
In any other case the deemed disposal is of the whole of each of the assets so comprised.
- (3) Sub-paragraphs (1) and (2) have effect subject to paragraph 13(4)(a) where the identity of the underlying assets changes during the period between the beginning of the disposal and its effective completion.
- (4) Where part only of an asset is comprised in a specific fund or other defined part of the settled property, that part of the asset shall be treated for the purposes of this Schedule as if it were a separate asset.
### Character of deemed disposal
##### 9
- (1) The deemed disposal shall be taken—
- (a) to be for a consideration equal to the whole or, as the case may be, a corresponding part of the market value of each of the assets concerned, and
- (b) to be a disposal under a bargain at arm’s length.
- (2) Sub-paragraph (1)(a) shall be read with paragraph 13(4)(b) where the value of the assets changes during the period between the beginning of the disposal and its effective completion.
### Avoidance of double-counting
##### 10
- (1) The provisions of this paragraph have effect to prevent there being both a deemed disposal under this Schedule in relation to the disposal of an interest in settled property and a chargeable disposal of the interest itself.
A “chargeable disposal” means one in relation to which section 76(1) does not apply.
- (2) If there would be a chargeable gain on the disposal of the interest in the settlement, then—
- (a) if—
- (i) the chargeable gain on the disposal of the interest would be greater than the net chargeable gain on the deemed disposal, or
- (ii) there would be no net chargeable gain on the deemed disposal,
the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply and no chargeable gain is treated as accruing on the disposal of the interest in the settlement.
- (3) If there would be an allowable loss on the disposal of the interest in the settlement, then—
- (a) if there would be a greater net allowable loss on the deemed disposal, the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply and no allowable loss is treated as accruing on the disposal of the interest in the settlement.
- (4) If there would be neither a chargeable gain nor an allowable loss on the disposal of the interest in the settlement, then—
- (a) if there would be a net allowable loss on the deemed disposal, the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply.
- (5) For the purposes of this paragraph—
- (a) there is a net chargeable gain on a deemed disposal if the aggregate of the chargeable gains accruing to the trustees in respect of the assets involved exceeds the aggregate of the allowable losses so accruing; and
- (b) there is a net allowable loss on a deemed disposal if the aggregate of the allowable losses accruing to the trustees in respect of the assets involved exceeds the aggregate of the chargeable gains so accruing.
### Recovery of tax from person disposing of interest
##### 11
- (1) This paragraph applies where chargeable gains accrue to the trustees on the deemed disposal and—
- (a) tax becomes chargeable on and is paid by the trustees in respect of those gains, or
- (b) a person who is a settlor in relation to the settlement recovers from the trustees under section 78 an amount of tax in respect of those gains.
- (2) The trustees are entitled to recover the amount of the tax referred to in sub-paragraph (1)(a) or (b) from the person who disposed of the interest in the settlement.
- (3) For this purpose the trustees may require an inspector to give that person a certificate specifying—
- (a) the amount of the gains in question, and
- (b) the amount of tax that has been paid.
Any such certificate shall be conclusive evidence of the facts stated in it.
### Meaning of “settlor”
##### 12
The provisions of paragraphs 7 and 8(1), (3), (6) and (7) of Schedule 5 (meaning of “settlor”) apply for the purposes of this Schedule as they apply for the purposes of section 86.
### Cases where there is a period between the beginning of the disposal and its effective completion
##### 13
- (1) This paragraph applies in a case where there is a period between the beginning of the disposal of an interest in settled property and the effective completion of the disposal.
- (2) For the purposes of this Schedule—
- (a) the beginning of the disposal is—
- (i) in the case of a disposal involving the exercise of an option, when the option is granted, and
- (ii) in any other case of a disposal under a contract, when the contract is entered into; and
- (b) the effective completion of the disposal means the point at which the person acquiring the interest becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the disposal.
- (3) Where this paragraph applies and the beginning of the disposal and its effective completion fall in different years of assessment—
- (a) the deemed disposal is treated as taking place in the year of assessment in which the disposal is effectively completed;
- (b) the condition in paragraph 5 (condition as to residence of trustees) is treated as met if it is met in relation to either of those years of assessment or any intervening year;
- (c) the condition in paragraph 6 (condition as to residence of settlor) is treated as met if it is met in relation to either or both of those years of assessment or any intervening year; and
- (d) the relevant period for the purposes of paragraph 7 (condition as to settlor interest) is the period—
- (i) beginning two years before the beginning of the first of those years of assessment, and
- (ii) ending with the effective completion of the disposal.
- (4) If the identity or value of the underlying assets changes during the period between the beginning of the disposal and its effective completion, the following provisions apply—
- (a) an asset is treated as comprised in the settled property and, where relevant, in any specific fund or other defined part of the settled property to which the deemed disposal relates if it is so comprised at any time in that period;
- (b) the market value of any asset for the purposes of the deemed disposal is taken to be its highest market value at any time during that period.
- (5) The provisions in sub-paragraph (4) do not apply to an asset if during that period it is disposed of by the trustees under a bargain at arm’s length and is not reacquired.
### Exception: maintenance funds for historic buildings
##### 14
If the trustees of a settlement have elected that 508 of ITA 2007 (trustees' election in respect of income arising from heritage maintenance property) shall have effect in the case of a settlement or part of a settlement in relation to a year of assessment, this Schedule does not apply in relation to the settlement or part for that year.
## SCHEDULE 4B
### General scheme of this Schedule
##### 1
- (1) This Schedule applies where trustees of a settlement—
- (a) make a transfer of value (see paragraph 2) in a year of assessment in which the settlement is within section ... 86 or 87 (see paragraph 3), and
- (b) in accordance with this Schedule the transfer of value is treated as linked with trustee borrowing (see paragraphs 4 to 9).
- (2) Where this Schedule applies the trustees are treated as disposing of and immediately reacquiring the whole or a proportion of each of the chargeable assets that continue to form part of the settled property (see paragraphs 10 to 13).
### Transfers of value
##### 2
- (1) For the purposes of this Schedule trustees of a settlement make a transfer of value if they—
- (a) lend money or any other asset to any person,
- (b) transfer an asset to any person and receive either no consideration or a consideration whose amount or value is less than the market value of the asset transferred, or
- (c) issue a security of any description to any person and receive either no consideration or a consideration whose amount or value is less than the value of the security.
- (2) References in this Schedule to “the material time”, in relation to a transfer of value, are to the time when the loan is made, the transfer is effectively completed or the security is issued.
The effective completion of a transfer means the point at which the person acquiring the asset becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the transfer.
- (3) In the case of a loan, the amount of value transferred is taken to be the market value of the asset.
- (4) In the case of a transfer, the amount of value transferred is taken to be—
- (a) if any part of the value of the asset is attributable to trustee borrowing, the market value of the asset;
- (b) if no part of the value of the asset is attributable to trustee borrowing, the market value of the asset reduced by the amount or value of any consideration received for it.
Paragraph 12 below explains what is meant by the value of an asset being attributable to trustee borrowing.
- (5) In the case of the issue of a security, the amount of value transferred shall be taken to be the value of the security reduced by the amount or value of any consideration received by the trustees for it.
- (6) References in this paragraph to the value of an asset are to its value immediately before the material time, unless the asset does not exist before that time in which case its value immediately after that time shall be taken.
### Settlements within section ... 86 or 87
##### 3
- (1) This paragraph explains what is meant in this Schedule by a settlement being “within section ... 86 or 87” in a year of assessment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) A settlement is “within section 86” in a year of assessment if, assuming—
- (a) that there were chargeable gains accruing to the trustees by virtue of disposals of any of the settled property originating from the settlor, and
- (b) that the other elements of the condition in subsection (1)(e) of that section were met,
chargeable gains would, under that section, be treated as accruing to the settlor in that year.
Expressions used in this sub-paragraph have the same meaning as in section 86.
- (4) A settlement is “within section 87” for a tax year if—
- (a) section 87 applies to the settlement for that year, or
- (b) chargeable gains would be treated under section 89(2) as accruing in that year to a beneficiary who received a capital payment from the trustees of the settlement in that year.
- (5) The reference in subsection (4)(b) to chargeable gains treated as accruing includes offshore income gains treated as arising.
### Trustee borrowing
##### 4
- (1) For the purposes of this Schedule trustees of a settlement are treated as borrowing if—
- (a) money or any other asset is lent to them, or
- (b) an asset is transferred to them and in connection with the transfer the trustees assume a contractual obligation (whether absolute or conditional) to restore or transfer to any person that or any other asset.
In the following provisions of this Schedule “loan obligation” includes any such obligation as is mentioned in paragraph (b).
- (2) The amount borrowed (the “proceeds” of the borrowing) is taken to be—
- (a) in the case of a loan, the market value of the asset;
- (b) in the case of a transfer, the market value of the asset reduced by the amount or value of any consideration received for it.
- (3) References in this paragraph to the market value of an asset are to its market value immediately before the loan is made, or the transfer is effectively completed, unless the asset does not exist before that time in which case its market value immediately after that time shall be taken.
The effective completion of a transfer means the point at which the person acquiring the asset becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the transfer.
### Transfer of value linked with trustee borrowing
##### 5
- (1) For the purposes of this Schedule a transfer of value by trustees is treated as linked with trustee borrowing if at the material time there is outstanding trustee borrowing.
- (2) For the purposes of this Schedule there is outstanding trustee borrowing at any time to the extent that—
- (a) any loan obligation is outstanding, and
- (b) there are proceeds of trustee borrowing that have not been either—
- (i) applied for normal trust purposes, or
- (ii) taken into account under this Schedule in relation to an earlier transfer of value.
- (3) An amount of trustee borrowing is “taken into account” under this Schedule in relation to a transfer of value if the transfer of value is in accordance with this Schedule treated as linked with trustee borrowing.
The amount so taken into account is—
- (a) the amount of the value transferred by that transfer of value, or
- (b) if less, the amount of outstanding trustee borrowing at the material time in relation to that transfer of value.
### Application of proceeds of borrowing for normal trust purposes
##### 6
- (1) For the purposes of this Schedule the proceeds of trustee borrowing are applied for normal trust purposes in the following circumstances, and not otherwise.
- (2) They are applied for normal trust purposes if they are applied by the trustees in making a payment in respect of an ordinary trust asset and the following conditions are met—
- (a) the payment is made under a transaction at arm’s length or is not more than the payment that would be made if the transaction were at arm’s length;
- (b) the asset forms part of the settled property immediately after the material time or, if it does not do so, the alternative condition in paragraph 8 below is met; and
- (c) the sum paid is (or but for section 17 or 39 would be) allowable under section 38 as a deduction in computing a gain accruing to the trustees on a disposal of the asset.
- (3) They are applied for normal trust purposes if—
- (a) they are applied by the trustees in wholly or partly discharging a loan obligation of the trustees, and
- (b) the whole of the proceeds of the borrowing connected with that obligation (or all but an insignificant amount) have been applied by the trustees for normal trust purposes.
- (4) They are applied for normal trust purposes if they are applied by the trustees in making payments to meet bona fide current expenses incurred by them in administering the settlement or any of the settled property.
### Ordinary trust assets
##### 7
- (1) The following are “ordinary trust assets” for the purposes of this Schedule—
- (a) shares or securities;
- (b) tangible property, whether movable or immovable, or a lease of such property;
- (c) property not within paragraph (a) or (b) which is used for the purposes of a trade, profession or vocation carried on—
- (i) by the trustees, or
- (ii) by a beneficiary who has an interest in possession in the settled property;
- (d) any right in or over, or any interest in, property of a description within paragraph (b) or (c).
- (2) In sub-paragraph (1)(a) “securities” has the same meaning as in section 132.
### The alternative condition for assets no longer part of the settled property
##### 8
- (1) The alternative condition referred to in paragraph 6(2)(b) in relation to an asset which no longer forms part of the settled property is that—
- (a) the asset is treated as having been disposed of by virtue of section 24(1), or
- (b) one or more ordinary trust assets which taken together directly or indirectly represent the asset—
- (i) form part of the settled property immediately after the material time, or
- (ii) are treated as having been disposed of by virtue of section 24(1).
- (2) Where there has been a part disposal of the asset, the condition in paragraph 6(2)(b) and the provisions of sub-paragraph (1) above may be applied in any combination in relation to the subject matter of the part disposal and what remains.
- (3) References in this paragraph to an asset include part of an asset.
### Normal trust purposes: power to make provision by regulations
##### 9
- (1) The Treasury may make provision by regulations as to the circumstances in which the proceeds of trustee borrowing are to be treated for the purposes of this Schedule as applied for normal trust purposes.
- (2) The regulations may—
- (a) add to, amend or repeal any of the provisions of paragraphs 6 to 8 above,
- (b) make different provision for different cases, and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
### Deemed disposal of remaining chargeable assets
##### 10
- (1) Where in accordance with this Schedule a transfer of value by trustees is treated as linked with trustee borrowing, the trustees are treated for all purposes of this Act—
- (a) as having at the material time disposed of, and
- (b) as having immediately reacquired,
the whole or a proportion (see paragraph 11) of each of the chargeable assets that form part of the settled property immediately after the material time (“the remaining chargeable assets”).
- (2) The deemed disposal and reacquisition shall be taken—
- (a) to be for a consideration equal to the whole or, as the case may be, a proportion of the market value of each of those assets, and
- (b) to be under a bargain at arm’s length.
- (3) For the purposes of sub-paragraph (1) an asset is a chargeable asset if a gain on a disposal of the asset by the trustees at the material time would be a chargeable gain.
### Whether deemed disposal is of whole or a proportion of the assets
##### 11
- (1) This paragraph provides for determining whether the deemed disposal and reacquisition is of the whole or a proportion of each of the remaining chargeable assets.
- (2) If the amount of value transferred—
- (a) is less than the amount of outstanding trustee borrowing, and
- (b) is also less than the effective value of the remaining chargeable assets,
the deemed disposal and reacquisition is of the proportion of each of the remaining chargeable assets given by:
$$VTEV$where—VT is the amount of value transferred, andEV is the effective value of the remaining chargeable assets.$
- (3) If the amount of value transferred—
- (a) is not less than the amount of outstanding trustee borrowing, but
- (b) is less than the effective value of the remaining chargeable assets,
the deemed disposal and reacquisition is of the proportion of each of the remaining chargeable assets given by:
$$TBEV$where— TB is the amount of outstanding trustee borrowing, andEV is the effective value of the remaining chargeable assets.$
- (4) In any other case the deemed disposal and reacquisition is of the whole of each of the remaining chargeable assets.
- (5) For the purposes of this paragraph the effective value of the remaining chargeable assets means the aggregate market value of those assets reduced by so much of that value as is attributable to trustee borrowing.
- (6) References in this paragraph to amounts or values, except in relation to the amount of value transferred, are to amounts or values immediately after the material time.
### Value attributable to trustee borrowing
##### 12
- (1) For the purposes of this Schedule the value of an asset is attributable to trustee borrowing to the extent determined in accordance with the following rules.
- (2) Where the asset itself has been borrowed by trustees, the value of the asset is attributable to trustee borrowing to the extent that the proceeds of that borrowing have not been applied for normal trust purposes.
This is in addition to any extent to which the value of the asset may be attributable to trustee borrowing by virtue of sub-paragraph (3).
- (3) The value of any asset is attributable to trustee borrowing to the extent that—
- (a) the trustees have applied the proceeds of trustee borrowing in acquiring or enhancing the value of the asset, or
- (b) the asset represents directly or indirectly an asset whose value was attributable to the trustees having so applied the proceeds of trustee borrowing.
- (4) For the purposes of this paragraph an amount is applied by the trustees in acquiring or enhancing the value of an asset if it is applied wholly and exclusively by them—
- (a) as consideration in money or money’s worth for the acquisition of the asset,
- (b) for the purpose of enhancing the value of the asset in a way that is reflected in the state or nature of the asset,
- (c) in establishing, preserving or defending their title to, or to a right over, the asset, or
- (d) where the asset is a holding of shares or securities that is treated as a single asset, by way of consideration in money or money’s worth for additional shares or securities forming part of the same holding.
- (5) Trustees are treated as applying the proceeds of borrowing as mentioned in sub-paragraph (4) if and to the extent that at the time the expenditure is incurred there is outstanding trustee borrowing.
- (6) In sub-paragraph (4)(d) “securities” has the same meaning as in section 132.
### Assets and transfers
##### 13
- (1) In this Schedule any reference to an asset includes money expressed in sterling.
References to the value or market value of such an asset are to its amount.
- (2) Subject to sub-paragraph (3), references in this Schedule to the transfer of an asset include anything that is or is treated as a disposal of the asset for the purposes of this Act, or would be if sub-paragraph (1) above applied generally for the purposes of this Act.
- (3) References in this Schedule to a transfer of an asset do not include a transfer of an asset that is created by the part disposal of another asset.
## SCHEDULE 4C
### Introduction
##### 1
- (1) This Schedule applies where the trustees of a settlement (“*the transferor settlement*”) make a transfer of value to which Schedule 4B applies (“*the original transfer*”).
- (2) The transferor settlement is regarded for the purposes of this Schedule as having a “Schedule 4C pool”.
- (3) The Schedule 4C pool contains the section 2(2) amounts for the settlement that are outstanding at the end of the tax year in which the original transfer is made (see paragraph 1A).
- (3A) The section 2(2) amount for that tax year is increased by—
- (a) the amount of Schedule 4B trust gains accruing by virtue of the original transfer (see paragraphs 3 to 7), and
- (b) the total amount of any further Schedule 4B trust gains accruing by virtue of any further transfers of value to which that Schedule applies that are made by the trustees in that tax year.
- (4) Paragraphs 8 to 9 provide for the attribution of gains in a settlement’s Schedule 4C pool.
- (5) References in this Schedule to a transfer to which Schedule 4B applies include any such transfer, whether or not any chargeable gain or allowable loss accrues under that Schedule by virtue of the transfer.
### General scheme of this Schedule
##### 2
The general scheme of this Schedule is that—
- (a) Schedule 4B trust gains are attributed to beneficiaries—
- (i) of the transferor settlement, or
- (ii) of any transferee settlement,
who have received capital payments from the trustees; and
- (b) any allowable loss accruing by virtue of Schedule 4B may only be set against a chargeable gain so accruing.
### Computation of Schedule 4B trust gains
##### 3
- (1) This paragraph explains what is meant for the purposes of this Schedule by “Schedule 4B trust gains”.
- (2) The Schedule 4B trust gains are computed in relation to each transfer of value to which that Schedule applies.
- (3) In relation to a transfer of value the amount of the Schedule 4B trust gains for the purposes of this Schedule is given by—
$$CA-SG-AL$where—CA is the chargeable amount computed under paragraph 4 or 5 below,SG is the amount of any gains attributed to the settlor that fall to be deducted under paragraph 6 below, andAL is the amount of any allowable losses that may be deducted under paragraph 7 below.$
### Chargeable amount: non-resident settlement
##### 4
- (1) If the transfer of value is made in a year of assessment during which the trustees of the transferor settlement are at no time resident and ordinarily resident in the United Kingdom the chargeable amount is computed under this paragraph.
- (2) Where this paragraph applies the chargeable amount is the amount on which the trustees would have been chargeable to tax under section 2(2) by virtue of Schedule 4B if they had been resident and ordinarily resident in the United Kingdom in the year (and had made the disposals which Schedule 4B treats them as having made).
### Chargeable amount: dual resident settlement
##### 5
- (1) If the transfer of value is made in a year of assessment where—
- (a) the trustees of the transferor settlement are resident and ordinarily resident in the United Kingdom during any part of the year, and
- (b) at any time of such residence and ordinary residence they fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom,
the chargeable amount is computed under this paragraph.
- (2) Where this paragraph applies the chargeable amount is the lesser of—
- (a) the amount on which the trustees would be chargeable to tax under section 2(2) by virtue of Schedule 4B on the assumption that the double taxation relief arrangements did not apply (and the disposals which Schedule 4B treats them as having made were made), and
- (b) the amount on which the trustees would be so chargeable to tax by virtue of disposals of protected assets.
- (3) For this purpose “protected assets” has the meaning given by section 88(4).
### Gains attributed to settlor
##### 6
- (1) For the purposes of this Schedule the chargeable amount in relation to a transfer of value shall be reduced by the amount of any chargeable gains arising by virtue of that transfer of value that—
- (a) are by virtue of section 86(4) treated as accruing to the settlor, or
- (b) where section 10A applies, are treated by virtue of that section (as it has effect subject to paragraph 12 below) as accruing to the settlor in the year of return.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In determining for the purposes of sub-paragraph (1)(a) the amount of chargeable gains arising by virtue of a transfer of value that are treated as accruing to the settlor, there shall be disregarded any losses which arise otherwise than by virtue of Schedule 4B.
- (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
### Reduction for allowable losses
##### 7
- (1) An allowable loss arising under Schedule 4B in relation to a transfer of value by the trustees of a settlement may be taken into account in accordance with this paragraph to reduce for the purposes of this Schedule the chargeable amount in relation to another transfer of value by those trustees.
- (2) Any such allowable loss goes first to reduce chargeable amounts arising from other transfers of value made in the same year of assessment.
If there is more than one chargeable amount and the aggregate amount of the allowable losses is less than the aggregate of the chargeable amounts, each of the chargeable amounts is reduced proportionately.
- (3) If in any year of assessment the aggregate amount of the allowable losses exceeds the aggregate of the chargeable amounts, the excess shall be carried forward to the next year of assessment and treated for the purposes of this paragraph as if it were an allowable loss arising in relation to a transfer of value made in that year.
- (4) Any reduction of a chargeable amount under this paragraph is made after any deduction under paragraph 6.
### Attribution of Schedule 4C gains to beneficiaries
##### 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 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—
- (a) the amount of the capital payment, or
- (b) if only part of the capital payment is matched, the amount of that part.
- (3) Section 87A applies for a tax year for the purposes of matching capital payments received from the trustees of a relevant settlement with section 2(2) amounts in the Schedule 4C pool as if—
- (a) references to section 2(2) amounts were to section 2(2) amounts in the Schedule 4C pool,
- (b) references to a capital payment received from the trustees by a beneficiary were to a capital payment received from the trustees of a relevant settlement by a beneficiary who is chargeable to tax for that year, and
- (c) for section 87A(3)(b) there were substituted—
> (b) all section 2(2) amounts in the Schedule 4C pool have been reduced to nil.
- (4) Section 87A applies for a tax year by virtue of this paragraph before it applies for that year otherwise than by virtue of this paragraph; but this is subject to sub-paragraph (5).
- (5) If section 87A applies for a tax year by virtue of section 762(3) of the Taxes Act (offshore income gains), it applies for that year by virtue of that provision before it applies for that year by virtue of this paragraph.
### Attribution of gains: disregard of certain capital payments
##### 9
- (1) For the purposes of paragraph 8 (and section 87A as it applies for the purposes of that paragraph), no account is to be taken of a capital payment to which any of sub-paragraphs (2) to (4) applies (or a part of a capital payment to which sub-paragraph (4) applies).
- (2) This sub-paragraph applies to a capital payment received before the tax year preceding the tax year in which the original transfer is made.
- (3) This sub-paragraph applies to a capital payment that—
- (a) is received by a beneficiary of a settlement from the trustees in a tax year during the whole of which the trustees—
- (i) are resident and ordinarily resident in the United Kingdom, and
- (ii) are not Treaty non-resident,
- (b) was made before any transfer of value to which Schedule 4B applies was made, and
- (c) was not made in anticipation of the making of any such transfer of value or of chargeable gains accruing under that Schedule.
- (4) This sub-paragraph applies to a capital payment if (and to the extent that) it is received (or treated as received) in a tax year from the trustees 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).
### Residence of trustees from whom capital payment received
##### 10
- (1) Subject to paragraph 9(3), it is immaterial for the purposes of paragraph 8 that the trustees of any relevant settlement are or have at any time been resident and ordinarily resident in the United Kingdom.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Taper relief
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Attribution of gains to settlor in section 10A cases
##### 12
- (1) This paragraph applies if—
- (a) by virtue of section 10A, an amount of chargeable gains within section 86(1)(e) that accrued in an intervening year to the trustees of a settlement would be treated as accruing to a person (“the settlor”) in the year of return, and
- (b) after paragraph 8 has applied for the year of return, the section 2(2) amount for the intervening year that is in the Schedule 4C pool for the settlement is less than the amount mentioned in paragraph (a).
- (2) The amount of chargeable gains treated as mentioned in sub-paragraph (1)(a) as accruing to the settlor in the year of return is limited to the section 2(2) amount referred to in sub-paragraph (1)(b).
- (4) Where the property comprised in the transferor settlement has at any time included property not originating from the settlor, only so much (if any) of any capital payment taken into account for the purposes of paragraph 8 above as, on a just and reasonable apportionment, is properly referable to property originating from the settlor shall be taken into account in computing the amount charged to beneficiaries.
- (5) Expressions used in this paragraph and section 10A have the same meanings in this paragraph as in that section; and paragraph 8 of Schedule 5 shall apply for the construction of the references in sub-paragraph (4) above to property originating from the settlor as it applies for the purposes of that Schedule.
### Increase in tax payable under this Schedule
##### 13
- (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 2(2) amount for a tax year (“the relevant tax year”), and
- (b) the beneficiary is charged to tax by virtue of the matching.
- (1A) Where part of a capital payment is matched, references in sub-paragraphs (2) and (3) to the capital payment are to the part matched.
- (2) The tax payable by the beneficiary in respect of the payment shall be increased by the amount found under sub-paragraph (3) below, except that it shall not be increased beyond the amount of the payment; and an assessment may charge tax accordingly.
- (3) The amount is one equal to the interest that would be yielded if an amount equal to the tax which would be payable by the beneficiary in respect of the payment (apart from this paragraph) carried interest for the chargeable period at the specified rate.
The “specified rate” means the rate for the time being specified in section 91(3).
- (4) The chargeable period is the period which—
- (a) begins with the later of the 2 days specified in sub-paragraph (5) below, and
- (b) ends with 30th November in the year of assessment following that in which the capital payment is made.
- (5) The 2 days are—
- (a) 1st December in the tax year immediately after the relevant tax year, and
- (b) 1st December falling 6 years before 1st December in the year of assessment following that in which the capital payment is made.
### Interpretation
##### 14
- (1) In this Schedule—
- (a) “transfer of value” has the same meaning as in Schedule 4B; and
- (b) references to the time at which a transfer of value was made are to the time which is the material time for the purposes of that Schedule.
- (2) In this Schedule, in relation to a transfer of value—
- (a) references to the transferor settlement are to the settlement the trustees of which made the transfer of value; and
- (b) references to a transferee settlement are to any settlement of which the settled property includes property representing, directly or indirectly, the proceeds of the transfer of value.
- (3) References in this Schedule to beneficiaries of a settlement include—
- (a) persons who have ceased to be beneficiaries by the time the chargeable gains accrue, and
- (b) persons who were beneficiaries of the settlement before it ceased to exist,
but who were beneficiaries of the settlement at a time in a previous year of assessment when a capital payment was made to them.
### Certain receipts to be disregarded for purposes of paragraph 14
##### 14A
- (1) Sub-paragraph (4) below applies where, by reason of a repayment, any investment relief which is attributable under Schedule 15 to the Finance Act 2000 to any shares is withdrawn under paragraph 56(2) of that Schedule.
- (2) For the purposes of this paragraph “*repayment*” has the meaning given in paragraph 14AA(2) above.
- (3) For the purposes of sub-paragraph (4) below “*the relevant amount*” is the amount determined by the formula—
$$X-5Y$Where—X is the amount of the repayment, andY is the aggregate amount of the investment relief withdrawn by reason of the repayment.$
- (4) Where the relevant amount does not exceed £1,000, the repayment shall be disregarded for the purposes of paragraph 14 above, unless repayment arrangements are in existence at any time in the period—
- (a) beginning one year before the shares mentioned in sub-paragraph (1) above are issued, and
- (b) expiring at the end of the issue date of those shares.
- (5) For this purpose “*repayment arrangements*” means arrangements which provide—
- (a) for a repayment by the company that issued the shares (“*the issuing company*”) or any subsidiary of that company, or
- (b) for anyone to be entitled to such a repayment,
at any time.
- (6) Sub-paragraph (5)(a) above applies in relation to a subsidiary of the issuing company whether or not it was such a subsidiary—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) when the arrangements were made.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this paragraph—
- (a) “*investment relief*” has the same meaning as in Schedule 15 to the Finance Act 2000 (corporate venturing scheme); and
- (b) references to the withdrawal of investment relief include its reduction.
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 6B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 7C
### Introductory
##### 1
- (1) A person (“the claimant”) who makes a disposal of shares (“the disposal”) to the trustees of the plan trust of a share incentive plan (“the plan”) is entitled to claim relief under paragraph 5 if—
- (a) the conditions in paragraph 2 are fulfilled, and
- (b) paragraph 3(1) or (2) applies.
- (2) Sub-paragraph (1) does not apply to a company that makes a disposal of shares.
- (3) In this paragraph the references to a disposal of shares include a disposal of an interest in shares.
### Conditions relating to the disposal
##### 2
- (1) The first condition is that, at the time of the disposal, the plan is approved under Schedule 2 to ITEPA 2003.
- (2) The second condition is that the relevant shares meet the requirements in Part 4 of that Schedule (types of shares that may be awarded) in relation to the plan.
For this purpose that Part applies as if paragraph 27(1)(a) and (c) and (2) (listed shares and shares in a company under the control of a company whose shares are listed) were omitted.
- (3) The third condition is that, at any time in the entitlement period, the trustees hold, for the beneficiaries of the plan trust, shares in the relevant company that—
- (a) constitute not less than 10% of the ordinary share capital of the company, and
- (b) carry rights to not less than 10% of—
- (i) any profits available for distribution to shareholders of the company, and
- (ii) any assets of that company available for distribution to its shareholders in the event of a winding up.
- (4) For the purposes of sub-paragraph (3), shares that have been appropriated to, or acquired on behalf of, an individual under the plan shall continue to be treated as held by the trustees of the plan trust for the beneficiaries of that trust until such time as they cease to be subject to the plan (within the meaning given by paragraph 97 of Schedule 2 to ITEPA 2003).
- (5) The fourth condition is that, at all times in the proscribed period, there are no unauthorised arrangements under which the claimant or a person connected with him may be entitled to acquire (directly or indirectly) from the trustees of the plan trust any shares, or an interest in or right deriving from any shares.
- (6) For the purposes of this paragraph—
- “ordinary share capital” has the meaning given in section 989 of ITA 2007;
- “the relevant company” means the company of whose share capital the relevant shares form part; and
- “the relevant shares” means the shares that are, or an interest in which is, the subject of the disposal.
### Reinvestment of disposal proceeds
##### 3
- (1) This sub-paragraph applies if the claimant obtains consideration for the disposal and, at any time in the acquisition period, all of the amount or value of the consideration is applied by him in making an acquisition of assets or an interest in assets (“replacement assets”) which—
- (a) are, immediately after the time of the acquisition, chargeable assets in relation to the claimant, and
- (b) are not shares in, or debentures issued by, the relevant company or a company which is (at the time of the acquisition) in the same group as the relevant company;
but the preceding provisions of this sub-paragraph shall have effect without the words “, at any time in the acquisition period,” if the acquisition is made pursuant to an unconditional contract entered into in the acquisition period.
- (2) This sub-paragraph applies if—
- (a) sub-paragraph (1) would have applied but for the fact that part only of the amount or value mentioned in that sub-paragraph is applied as there mentioned, and
- (b) all the amount or value so mentioned except for a part which is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal is so applied.
- (3) In sub-paragraph (1)(b)—
- “the relevant company” has the meaning given in paragraph 2(6); and
- “group” shall be construed in accordance with section 170.
### Provision supplementary to paragraphs 2 and 3
##### 4
- (1) This paragraph applies for the purposes of paragraphs 2 and 3.
- (2) The entitlement period is the period beginning with the disposal and ending on the expiry of 12 months beginning with the date of the disposal.
- (3) The acquisition period is the period beginning with the disposal and ending on the expiry of six months beginning with—
- (a) the date of the disposal, or
- (b) if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
- (4) The proscribed period is the period beginning with the disposal and ending on—
- (a) the date of the acquisition, or
- (b) if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
- (5) All arrangements are unauthorised unless they only allow shares to be appropriated to or acquired on behalf of an individual under the plan.
### The relief
##### 5
- (1) Where the claimant is entitled to claim relief under this paragraph and paragraph 3(1) applies, he shall, on making a claim in the period of 2 years beginning with the acquisition, be treated for the purposes of this Act—
- (a) as if the consideration for the disposal were (if otherwise of a greater amount or value) of such amount as would secure that on the disposal neither a gain nor a loss accrues to him, and
- (b) as if the amount or value of the consideration for the acquisition were reduced by the excess of the amount or value of the actual consideration for the disposal over the amount of the consideration which the claimant is treated as receiving under paragraph (a).
- (2) Where the claimant is entitled to claim relief under this paragraph and paragraph 3(2) applies, he shall, on making a claim in the period of 2 years beginning with the acquisition, be treated for the purposes of this Act—
- (a) as if the amount of the gain accruing on the disposal were reduced to the amount of the part mentioned in paragraph 3(2)(b), and
- (b) as if the amount or value of the consideration for the acquisition were reduced by the amount by which the gain is reduced under paragraph (a) above.
- (3) Nothing in sub-paragraph (1) or (2) shall affect the treatment for the purposes of this Act of the other party to the disposal or of the other party to the acquisition.
- (4) The provisions of this Act fixing the amount of the consideration deemed to be given for a disposal or acquisition shall be applied before the preceding provisions of this paragraph are applied.
### Dwelling-houses: special provision
##### 6
- (1) Sub-paragraph (2) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset is a dwelling-house or part of a dwelling-house or land, and
- (d) there was a time in the period beginning with the acquisition and ending with the time when paragraph 5(1) or (2) falls to be applied such that, if the asset (or an interest in it) were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (2) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (3) Sub-paragraph (4) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consists of a dwelling-house or part of a dwelling-house or land, and
- (c) there is a time after paragraph 5(1) or (2) has been applied such that, if the asset (or an interest in it) were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (4) In such a case—
- (a) the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly, but
- (b) any gain treated as accruing in consequence of the application of paragraph (a) shall be treated as accruing at the time mentioned in sub-paragraph (3)(c) or, if there is more than one such time, at the earliest of them.
- (5) Sub-paragraph (6) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset was an option to acquire (or to acquire an interest in) a dwelling-house or part of a dwelling-house or land,
- (d) the option has been exercised, and
- (e) there was a time in the period beginning with the exercise of the option and ending with the time when paragraph 5(1) or (2) falls to be applied such that, if the asset acquired on exercise of the option were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (6) In such a case the option shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (7) Sub-paragraph (8) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consisted of an option to acquire (or to acquire an interest in) a dwelling-house or part of a dwelling-house or land,
- (c) the option has been exercised, and
- (d) there is a time after paragraph 5(1) or (2) has been applied such that, if the asset acquired on exercise of the option were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (8) In such a case—
- (a) the option shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly, but
- (b) any gain treated as accruing in consequence of the application of paragraph (a) shall be treated as accruing at the time mentioned in sub-paragraph (7)(d) or, if there is more than one such time, at the earliest of them.
- (9) References in this paragraph to an individual include a person entitled to occupy under the terms of a settlement.
### Shares: special provision
##### 7
- (1) Sub-paragraph (2) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset consists of shares, and
- (d) relief is claimed under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) at any time in the period beginning with the acquisition and ending when paragraph 5(1) or (2) falls to be applied.
- (2) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (3) Sub-paragraph (4) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consists of shares, and
- (c) at any time after paragraph 5(1) or (2) has been applied relief is claimed in respect of the asset under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme).
- (4) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly.
### Meaning of “chargeable asset”
##### 8
For the purposes of this Schedule an asset is a chargeable asset in relation to the claimant at a particular time if, were the asset to be disposed of at that time, any gain accruing to him on the disposal would be a chargeable gain, and either—
- (a) at that time he is resident or ordinarily resident in the United Kingdom, or
- (b) he would be chargeable to capital gains tax under section 10(1) (non-resident with United Kingdom branch or agency) in respect of the gain,
unless (were he to dispose of the asset at that time) the claimant would fall to be regarded for the purposes of any double taxation relief arrangements as not liable in the United Kingdom to tax on any gains accruing to him on the disposal.
##### 59A
- (1) Where a limited liability partnership carries on a trade or business with a view to profit—
- (a) assets held by the limited liability partnership are treated for the purposes of tax in respect of chargeable gains as held by its members as partners, and
- (b) any dealings by the limited liability partnership are treated for those purposes as dealings by its members in partnership (and not by the limited liability partnership as such);
and tax in respect of chargeable gains accruing to the members of the limited liability partnership on the disposal of any of its assets shall be assessed and charged on them separately.
- (2) For all purposes, except as otherwise provided, in the enactments relating to tax in respect of chargeable gains—
- (a) references to a partnership include a limited liability partnership in relation to which subsection (1) above applies,
- (b) references to members of a partnership include members of such a limited liability partnership,
- (c) references to a company do not include such a limited liability partnership, and
- (d) references to members of a company do not include members of such a limited liability partnership.
- (3) Subsection (1) above continues to apply in relation to a limited liability partnership which no longer carries on any trade or business with a view to profit—
- (a) if the cessation is only temporary, or
- (b) during a period of winding up following a permanent cessation, provided—
- (i) the winding up is not for reasons connected in whole or in part with the avoidance of tax, and
- (ii) the period of winding up is not unreasonably prolonged,
but subject to subsection (4) below.
- (4) Subsection (1) above ceases to apply in relation to a limited liability partnership—
- (a) on the appointment of a liquidator or (if earlier) the making of a winding-up order by the court, or
- (b) on the occurrence of any event under the law of a country or territory outside the United Kingdom corresponding to an event specified in paragraph (a) above.
- (5) Where subsection (1) above ceases to apply in relation to a limited liability partnership with the effect that tax is assessed and charged—
- (a) on the limited liability partnership (as a company) in respect of chargeable gains accruing on the disposal of any of its assets, and
- (b) on the members in respect of chargeable gains accruing on the disposal of any of their capital interests in the limited liability partnership,
it shall be assessed and charged on the limited liability partnership as if subsection (1) above had never applied in relation to it.
- (6) Neither the commencement of the application of subsection (1) above nor the cessation of its application in relation to a limited liability partnership shall be taken as giving rise to the disposal of any assets by it or any of its members.
##### 156A
- (1) Where, immediately before the time of cessation of trade, a member of a limited liability partnership holds an asset, or an interest in an asset, acquired by him for a consideration treated as reduced under section 152 or 153, he shall be treated as if a chargeable gain equal to the amount of the reduction accrued to him immediately before that time.
- (2) Where, as a result of section 154(2), a chargeable gain on the disposal of an asset, or an interest in an asset, by a member of a limited liability partnership has not accrued before the time of cessation of trade, the member shall be treated as if the chargeable gain accrued immediately before that time.
- (3) In this section “*the time of cessation of trade*”, in relation to a limited liability partnership, means the time when section 59A(1) ceases to apply in relation to the limited liability partnership.
##### 169A
- (1) This section applies where section 59A(1) ceases to apply to a limited liability partnership.
- (2) A member of the partnership who immediately before the time at which section 59A(1) ceases to apply holds an asset, or an interest in an asset, acquired by him—
- (a) on a disposal to members of a partnership, and
- (b) for a consideration which is treated as reduced under section 165(4)(b) or 260(3)(b),
shall be treated as if a chargeable gain equal to the amount of the reduction accrued to him immediately before that time.
### Meaning of “material interest”
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Disposals of pooled assets
##### 3
### Joint enterprise companies: relevant connection
##### 24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rule to prevent pre-entry losses on pooled assets being treated as post-entry losses
##### 4
### Provision supplemental to paragraph 13
##### 13A
- (1) For the purposes of paragraph 13 above, the value received by the individual in question is—
- (a) in a case within sub-paragraph (2)(a), (b) or (c) of that paragraph, the amount received by the individual or, if greater, the market value of the share capital, securities or debt in question;
- (b) in a case within sub-paragraph (2)(d) of that paragraph, the amount of the liability;
- (c) in a case within sub-paragraph (2)(e) of that paragraph, 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 sub-paragraph (2)(f) of that paragraph, the cost to the company of providing the benefit or facility less any consideration given for it by the individual;
- (e) in a case within sub-paragraph (2)(g) or (h) of that paragraph, the difference between the market value of the asset and the consideration (if any) given for it;
- (f) in a case within sub-paragraph (2)(i) of that paragraph, the amount of the payment;
- (g) in a case within sub-paragraph (5) of that paragraph, the amount received by the individual or, if greater, the market value of the share capital or securities in question.
- (2) In this paragraph and paragraph 13 above 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) below.
- (3) For the purposes of this paragraph and paragraph 13 above “*an amount of insignificant value*” means an amount of value which—
- (a) does not exceed £1,000, or
- (b) if it exceeds that amount, is insignificant in relation to the total amount of expenditure on the shares which is set under this Schedule against a corresponding total amount of the whole or any part of any chargeable gains.
- (4) For the purposes of paragraph 13 above, 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 individual who subscribes for the shares 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 individual shall be treated as a receipt of insignificant value.
- (5) In sub-paragraph (4) above—
- (a) any reference to the individual includes a reference to any person who, at any time in the period of restriction, is an associate of his (whether or not he 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
##### 13B
- (1) Where—
- (a) by reason of a receipt of value within sub-paragraph (2) (other than paragraph (b)) or sub-paragraph (5) of paragraph 13 above (“*the original value*”), the shares would, in the absence of this paragraph, be treated as never having been eligible shares or as ceasing to be eligible shares on the date when the value is received,
- (b) 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 shall be disregarded for the purposes of paragraph 13 above.
- (2) This paragraph is subject to paragraph 13C below.
- (3) For the purposes of this paragraph and paragraph 13C below—
- “*the original recipient*” means the person who receives the original value, and
- “*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) above 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) below or to which sub-paragraph (5) below 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 13(2)(d) above, 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 13(5) above, 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 his (whether or not he is 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 his (whether or not he is 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 13(11) above); and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within sub-paragraph (4)(a)(ii) above.
- (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) above, 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) above, the same as the amount of the original value, and
- (c) in a case within sub-paragraph (4)(c) above, the amount or value of the consideration received by the original supplier,
and paragraph 13A(1) above 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 him indirectly or to his order or for his benefit.
### Provision supplemental to paragraph 13B
##### 13C
- (1) The receipt of the replacement value by the original supplier shall be disregarded for the purposes of paragraph 13B above, 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 13 above as that paragraph applies in relation to those shares or any other shares subscribed for by the individual in question (“*the individual*”).
- (2) The receipt of the replacement value by the original supplier (“*the event*”) shall also be disregarded for the purposes of paragraph 13B above 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, or
- (c) where an appeal has been brought by the individual against an assessment made by virtue of paragraph 3(1)(e) above by reason of that receipt, the event occurs more than 60 days after the appeal has been finally determined.
But nothing in paragraph 13B above or this paragraph requires the replacement value to be received after the original value.
- (3) This sub-paragraph applies where—
- (a) the receipt of the replacement value by the original supplier is a qualifying receipt for the purposes of paragraph 13B(1) above, and
- (b) the event which gives rise to the receipt is (or includes) a subscription for shares by—
- (i) the individual, or
- (ii) any person who, at any time in the period of restriction, is an associate of the individual, whether or not he is such an associate at the material time.
- (4) Where this sub-paragraph applies, the person who subscribes for the shares shall not—
- (a) be eligible for any relief under Chapter 3 of Part 7 of the Taxes Act (enterprise investment scheme: income tax relief) in relation to those shares or any other shares in the same issue, or
- (b) by virtue of his subscription for those shares or any other shares in the same issue, be treated as making a qualifying investment for the purposes of this Schedule.
- (4) Where either of the following applies—
- (a) sub-paragraph (3) above, and
- (b) section 223(3) of ITA 2007 (which makes corresponding provision in relation to EIS relief under Part 5 of that Act),
the person who subscribes for the shares shall not by virtue of his subscription for those shares or any other shares in the same issue be treated as making a qualifying investment for the purposes of this Schedule.
- (5) In this paragraph “*the original value*” and “*the replacement value*” shall be construed in accordance with paragraph 13B above.
### Insignificant repayments disregarded for purposes of paragraph 14
##### 14AA
- (1) Any repayment shall be disregarded for the purposes of paragraph 14 above if whichever is the greater of—
- (a) the market value of the shares to which it relates (“*the target shares*”) immediately before the event occurs, and
- (b) the amount received by the member in question,
is insignificant in relation to the market value of the remaining issued share capital of the company in question (or, as the case may be, subsidiary in question) immediately after the event occurs.
This is subject to sub-paragraph (4) below.
- (2) For the purposes of this paragraph “*repayment*” means a repayment, redemption, repurchase or payment mentioned in paragraph 14(1) above.
- (3) For the purposes of sub-paragraph (1) above it shall be assumed that the target shares are cancelled at the time the repayment is made.
- (4) Where an individual subscribes for eligible shares in a company, sub-paragraph (1) above does not apply to prevent paragraph 14(2) above having effect in relation to the shares if, at a relevant time, arrangements are in existence that provide—
- (a) for a repayment by the company or any subsidiary of the company (whether or not it is such a subsidiary at the time the arrangements are made), or
- (b) for anyone to be entitled to such a repayment,
at any time in the period of restriction.
- (5) For the purposes of sub-paragraph (4) above “*a relevant time*” means any time in the period—
- (a) beginning one year before the eligible shares were issued, and
- (b) expiring at the end of the issue date.
##### 33A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Alternative calculation by reference to market value
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Restrictions on the deduction of pre-entry losses
##### 6
- (1) In the calculation of the amount to be included in respect of chargeable gains in any company’s total profits for any accounting period—
- (a) if in that period there is any chargeable gain from which the whole or any part of any pre-entry loss accruing in that period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (b) if, after all such deductions as may be made under paragraph (a) above have been made, there is in that period any chargeable gain from which the whole or any part of any pre-entry loss carried forward from a previous accounting period is deductible in accordance with paragraph 7 below, the loss or, as the case may be, that part of it shall be deducted from that gain;
- (c) the total chargeable gains (if any) remaining after the making of all such deductions as may be made under paragraph (a) or (b) above shall be subject to deductions in accordance with section 8(1) in respect of any allowable losses that are not pre-entry losses; and
- (d) any pre-entry loss which has not been the subject of a deduction under paragraph (a) or (b) above (as well as any other losses falling to be carried forward under section 8(1)) shall be carried forward to the following accounting period of that company.
- (2) Subject to sub-paragraph (1) above, any question as to which or what part of any pre-entry loss has been deducted from any particular chargeable gain shall be decided—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , in accordance with such elections as may be made by the company to which the loss accrued;
and any question as to which or what part of any pre-entry loss has been carried forward from one accounting period to another shall be decided accordingly.
- (3) An election by any company under this paragraph shall be made by notice to the inspector given—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) ... , before the end of the period of two years beginning with the end of the accounting period of that company in which the gain in question accrued.
- (4) For the purposes of this Schedule where any matter falls to be determined under this paragraph by reference to an election but no election is made, it shall be assumed, so far as consistent with any elections that have been made—
- (a) that losses are set against gains in the order in which the losses accrued; and
- (b) that the gains against which they are set are also determined according to the order in which they accrued with losses being set against earlier gains before they are set against later ones.
### Gains from which pre-entry losses are to be deductible
##### 7
- (1) A pre-entry loss that accrued to a company before it became a member of the relevant group shall be deductible from a chargeable gain accruing to that company if the gain is one accruing—
- (a) on a disposal made by that company before the date on which it became a member of the relevant group (“*the entry date*”);
- (b) on the disposal of an asset which was held by that company immediately before the entry date; or
- (c) on the disposal of any asset in respect of which the conditions in sub-paragraph (1A) are met.
- (1A) The conditions referred to in sub-paragraph (1)(c) are—
- (a) that the asset was acquired, on or after the entry date, by—
- (i) the company to which the pre-entry loss accrued (“company A”), or
- (ii) a company which, at the time of the acquisition, was a group company of company A,
from a person who at the time of the acquisition was not a group company of company A, and
- (b) that the asset has not, since its acquisition from that person, been used or held for any purposes other than those of a trade or business which—
- (i) was being carried on by company A immediately before the entry date, and
- (ii) continued until the disposal to be carried on by company A or a company which, when it carried on the trade or business, was a group company of company A.
- (1B) For the purposes of sub-paragraph (1A), a company is a “group company of company A” at any time when it is a member of a group of companies of which company A is also a member.
- (1C) Where a company, having become a member of the relevant group, subsequently becomes a member of another group (“the new group”)—
- (a) sub-paragraph (1) continues to have effect, in relation to any loss which accrued to the company before it became a member of the relevant group, by reference to the date on which it became such a member, and
- (b) accordingly, that sub-paragraph does not apply separately in relation to the loss by reason of it also having accrued to the company before it became a member of the new group.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Where two or more companies become members of the relevant group at the same time and those companies were all members of the same group of companies immediately before they became members of the relevant group, then ... —
- (a) an asset shall be treated for the purposes of sub-paragraph (1)(b) above as held, immediately before it became a member of the relevant group, by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact so held by another of those companies;
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- (c) the acquisition of an asset shall be treated for the purposes of sub-paragraph (1A) above as an acquisition by the company to which the pre-entry loss in question accrued if that company is one of those companies and the asset was in fact acquired (whether before or after they became members of the relevant group) by another of those companies.
- (4) Sub-paragraphs (4A) and (4B) apply for determining for the purposes of this paragraph whether an asset on the disposal of which a chargeable gain accrues was an asset held by a company immediately before the entry date (a “pre-entry asset”).
- (4A) Except as provided by sub-paragraph (4B), an asset is not a pre-entry asset if—
- (a) the company which held the asset at the entry date is not the company which makes the disposal, and
- (b) since the entry date that asset has been disposed of otherwise than by a disposal to which section 171 applies.
- (4B) Without prejudice to sub-paragraph (4C), where, on a disposal to which section 171 does not apply—
- (a) an asset would cease to be a pre-entry asset by virtue of sub-paragraph (4A), but
- (b) the company making the disposal retains an interest in or over the asset in question,
that interest is a pre-entry asset.
- (4C) For the purposes of this paragraph—
- (a) an asset acquired or held by a company at any time and an asset held at a later time by that company, or by any company which is or has been a member of the same group of companies as that company, is to be treated as the same asset if the value of the second asset is derived in whole or in part from the first asset, and
- (b) if—
- (i) any asset is treated (whether by virtue of paragraph (a) or otherwise) as the same as an asset held by a company at a later time, and
- (ii) the first asset would have been a pre-entry asset in relation to that company,
the second asset is also to be treated as a pre-entry asset in relation to that company;
and paragraph (a) applies, in particular, where the second asset is a freehold and the first asset is a leasehold the lessee of which acquires the reversion.
- (5) Subject to sub-paragraph (6) below, where a gain accrues on the disposal of the whole or any part of—
- (a) any asset treated as a single asset but comprising assets only some of which were held at the time mentioned in paragraph (b) of sub-paragraph (1) ... above, or
- (b) an asset which is treated as held at that time by virtue of a provision requiring an asset which was not held at that time to be treated as the same as an asset which was so held,
a pre-entry loss shall be deductible by virtue of paragraph (b) of sub-paragraph (1) ... above from the amount of that gain to the extent only of such proportion of that gain as is attributable to assets held at that time or, as the case may be, represents the gain that would have accrued on the asset so held.
- (6) Where—
- (a) a chargeable gain accrues by virtue of subsection (10) of section 116 on the disposal of a qualifying corporate bond,
- (b) that bond was not held as required by paragraph (b) of sub-paragraph (1) ... above at the time mentioned in that paragraph, and
- (c) the whole or any part of the asset which is the old asset for the purposes of that section was so held,
the question whether that gain is one accruing on the disposal of an asset the whole or any part of which was held by a particular company at that time shall be determined for the purposes of this paragraph as if the bond were deemed to have been so held to the same extent as the old asset.
### Change of a company’s nature
##### 8
- (1) If—
- (a) within any period of three years, a company becomes a member of a group of companies and there is (either earlier or later in that period, or at the same time) a major change in the nature or conduct of a trade or business which was carried on by that company immediately before it became a member of that group, or
- (b) at any time after the scale of the activities in a trade or business carried on by a company has become small or negligible, and before any considerable revival of the trade or business, that company becomes a member of a group of companies,
the trade or business carried on before that change, or which has become small or negligible, shall be disregarded for the purposes of paragraph 7(1A) above in relation to any time before the company became a member of the group in question.
- (2) In sub-paragraph (1) “*a major change in the nature or conduct of a trade or business*” includes—
- (a) a major change in the type of property dealt in, or services or facilities provided, in the trade or business,
- (b) a major change in customers, markets or outlets of the trade or business, or
- (c) in the case of a company with investment business (within the meaning of section 1218 of CTA 2009), a major change in the nature of the investments held;
and this paragraph applies even if the change is the result of a gradual process which began outside the period of three years mentioned in sub-paragraph (1)(a).
- (3) Where the operation of this paragraph depends on circumstances or events at a time after the company becomes a member of any group of companies (but not more than three years after), an assessment to give effect to this paragraph shall not be out of time if made within six years from that time or the latest such time.
### Identification of “the relevant group" and application of Schedule to every connected group
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Appropriations to stock in trade
##### 10
Where, but for an election under subsection (3) of section 161, there would be deemed to have been a disposal at any time by any company of any asset—
- (a) the amount by which the market value of the asset may be treated as increased in pursuance of that election shall not include the amount of any pre-entry loss that would have accrued on that disposal; and
- (b) this Schedule shall have effect as if the pre-entry loss of the last mentioned amount had accrued to that company at that time.
### Continuity provisions
##### 11
- (1) This paragraph applies where provision has been made by or under any enactment (“*the transfer legislation*”) for the transfer of property, rights and liabilities to any person from—
- (a) a body established by or under any enactment for the purpose, in the exercise of statutory functions, of carrying on any undertaking or industrial or other activity in the public sector or of exercising any other statutory functions;
- (b) a subsidiary of such a body; or
- (c) a company wholly owned by the Crown.
- (2) A loss shall not be a pre-entry loss for the purposes of this Schedule in relation to any company to whom a transfer has been made by or under the transfer legislation if that loss—
- (a) accrued to the person from whom the transfer has been made; and
- (b) falls to be treated, in accordance with any enactment made in relation to transfers by or under that legislation, as a loss accruing to that company.
- (3) For the purposes of this Schedule where a company became a member of the relevant group by virtue of the transfer by or under the transfer legislation of any shares in or other securities of that company or any other company—
- (a) a loss that accrued to that company before it so became a member of that group shall not be a pre-entry loss in relation to that group; ...
- (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) For the purposes of this paragraph a company shall be regarded as wholly owned by the Crown if it is—
- (a) a company limited by shares in which there are no issued shares held otherwise than by, or by a nominee of, the Treasury, a Minister of the Crown, a Northern Ireland department or another company wholly owned by the Crown; or
- (b) a company limited by guarantee of which no person other than the Treasury, a Minister of the Crown or a Northern Ireland department, or a nominee of the Treasury, a Minister of the Crown or a Northern Ireland department, is a member.
- (5) In this paragraph—
- “*enactment*” includes any provision of any Northern Ireland legislation, within the meaning of section 24 of the Interpretation Act 1978; and
- “*statutory functions*” means functions under any enactment, under any subordinate legislation, within the meaning of the Interpretation Act 1978, or under any statutory rules, within the meaning of the Statutory Rules (Northern Ireland) Order 1979.
### Companies changing groups on certain transfers of shares etc.
##### 12
For the purposes of this Schedule, and without prejudice to paragraph 11 above, where—
- (a) a company which is a member of a group of companies becomes at any time a member of another group of companies as the result of a disposal of shares in or other securities of that company or any other company; and
- (b) that disposal is one on which, by virtue of any of the no gain/no loss provisions, neither a gain nor a loss would accrue,
this Schedule shall have effect in relation to the losses that accrued to that company before that time and the assets held by that company at that time as if any time when it was a member of the first group were included in the period during which it is treated as having been a member of the second group.
## SCHEDULE 7B
##### 1
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##### 2
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##### 3
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##### 4
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##### 5
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##### 6
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##### 7
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##### 8
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##### 9
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##### 10
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##### 11
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##### 12
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##### 13
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##### 14
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### Post Office Act 1969 c. 48
## Part I — Valuation
### Preliminary
### Gifts and transactions between connected persons before 20th March 1985
### Valuation of assets before 6th July 1973
### Valuation of assets on 6th April 1965
### References to the London Stock Exchange before 25th March 1973and Exchange Control restrictions before 13th December 1979
### Depreciated valuations referable to deaths before 31st March 1973
### Estate duty
## Part II — Other transitory provisions
### Value-shifting
### Assets acquired on disposal chargeable under Case VII of Schedule D
### Unrelieved Case VII losses
### Devaluation of sterling: securities acquired with borrowed foreign currency
### Devaluation of sterling: foreign insurance funds
### Gilt-edged securities past redemption date
### Qualifying corporate bonds, company reorganisations, share conversions etc.
### Land: allowance for betterment levy
### Non-resident trusts
### Private residences
### Works of art etc.
### Disposal before acquisition
### Estate duty
### Validity of subordinate legislation
### Amendments in other Acts
### Saving for Part III of this Schedule
## Part III — Assets acquired before commencement
## Part IV — Other general savings
## SCHEDULE
## Editorial notes
[^c2138138]: Act partly in force at Royal Assent and otherwise in force or coming into force as mentioned in s.289.
[^c2138139]: Act applied (with modifications) by [S.I. 1992/415](https://www.legislation.gov.uk/uksi/1992/415), [reg. 3](https://www.legislation.gov.uk/uksi/1992/415/regulation/3) (with [regs. 4-7](https://www.legislation.gov.uk/uksi/1992/415/regulation/4)) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 134](https://www.legislation.gov.uk/ukpga/1993/34/section/134), [Sch. 15 para. 4(10)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/15/paragraph/4/10) Power to extend conferred (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 165](https://www.legislation.gov.uk/ukpga/1993/34/section/165), [Sch. 16 para. 3(3)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/16/paragraph/3/3/b) Act modified (27.7.1993 with application as mentioned in s. 165(1) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/2/1), 4(1)
[^c2138141]: S. 3 amended (for the year 1993-1994) by [S.I. 1993/760](https://www.legislation.gov.uk/uksi/1993/760), [art. 2](https://www.legislation.gov.uk/uksi/1993/760/article/2) S. 3 modified (for the year 1993-1994) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 82](https://www.legislation.gov.uk/ukpga/1993/34/section/82)
[^c2335609]: S. 3(7A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 3(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138161]: [1986 c. 45](https://www.legislation.gov.uk/ukpga/1986/45).
[^c2138162]: [S.I.1989/2405 (N.I.19)](https://www.legislation.gov.uk/nisi/1989/2405).
[^c2138163]: S. 9(4) inserted (27.7.1993 with effect for the year 1993-94 and subsequent years of assessment as mentioned in s. 208(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 208(2)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/208/2/4)
[^c2138166]: S. 22 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para.17](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/17)
[^c2335591]: S. 30 excluded (retrospective to 5.11.2993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/2), [Sch. 24 para. 4(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/1)
[^c2138186]: S. 37 extended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138187]: S. 37(1) restricted (16.7.1992, with effect as mentioned in [s. 65(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/6) of the amending Act) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 65(2)(e)(5)](https://www.legislation.gov.uk/ukpga/1992/48/section/65/2/e/5)
[^c2138188]: S. 39 extended (27.7.1993 with effect for the years 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 176(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/176/2/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138189]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138190]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138191]: S. 41 modified (16.7.1992)) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 6(2)(5)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/6/2/5),7
[^c2138192]: S. 60(1) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138193]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138194]: [1914 c. 47](https://www.legislation.gov.uk/ukpga/1914/47).
[^c2138195]: [1985 c. 66](https://www.legislation.gov.uk/ukpga/1985/66).
[^c2138196]: [1925 c. 18](https://www.legislation.gov.uk/ukpga/1925/18).
[^c2138197]: S. 71 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(d)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/d)
[^c2138198]: S. 76(1) excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 21(2)(e)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/21/2/e)
[^c2138200]: S. 99 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 22(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/22/2)
[^c2138202]: [1982 c. 53](https://www.legislation.gov.uk/ukpga/1982/53).
[^c2138204]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138205]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138206]: [S.I.1986/387](https://www.legislation.gov.uk/uksi/1986/387).
[^c2138207]: [1985 c. 54](https://www.legislation.gov.uk/ukpga/1985/54).
[^c2138208]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138209]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138211]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138212]: Words in s. 116(11) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(3)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/3)
[^c2335593]: S. 117 applied by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 153(11A)](https://www.legislation.gov.uk/ukpga/1993/34/section/153/11A) (as inserted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [4(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/4/4)) S. 117 modified by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 para. 5](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5) (as substituted (retrospective to 27.7.1993) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 24 paras. 1](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/1), [6](https://www.legislation.gov.uk/ukpga/1995/4/schedule/24/paragraph/6))
[^c2138217]: S. 117(6A) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(1)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/1/3)
[^c2138218]: [1984 c. 43](https://www.legislation.gov.uk/ukpga/1984/43).
[^c2138227]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138228]: [1939 c. 117](https://www.legislation.gov.uk/ukpga/1939/117).
[^c2138229]: [1968 c. 13](https://www.legislation.gov.uk/ukpga/1968/13).
[^c2138230]: 1958 (7 Eliz. 2) c.6.
[^c2138231]: [1920 c.18](https://www.legislation.gov.uk/ukpga/1920/18).
[^c2138232]: [1972 c. 65](https://www.legislation.gov.uk/ukpga/1972/65).
[^c2138233]: S. 122 modified (27.7.1992) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/16/2/b)
[^c2138235]: S. 137(5):30.9.1993 appointed for the purposes of s. 137(5) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d) in force at 30.9.1993 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138236]: S. 139 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2138237]: S. 139(8): 30.9.1993 appointed for the purposes of s. 139(8) by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138241]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138242]: S. 140(6A) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(4)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/4)
[^c2138243]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2138244]: [1970 c. 10](https://www.legislation.gov.uk/ukpga/1970/10).
[^c2335607]: S. 138A inserted (retrospectively) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/1/2) (with [s. 89(3)-(8)](https://www.legislation.gov.uk/ukpga/1997/16/section/89/3))
[^c2138246]: S. 140A inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138247]: S. 140B inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138248]: S. 140C inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138249]: S. 140D inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 45](https://www.legislation.gov.uk/ukpga/1992/48/section/45)
[^c2138245]: Cross heading inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s.44](https://www.legislation.gov.uk/ukpga/1992/48/section/44)
[^c2138251]: S. 144 extended (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 26(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/26/2)
[^c2138253]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138254]: S. 149A inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.104](https://www.legislation.gov.uk/ukpga/1993/34/section/104)
[^c2138255]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138256]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138257]: [1981 c. 35](https://www.legislation.gov.uk/ukpga/1981/35).
[^c2138258]: S. 151(4) inserted (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s.85](https://www.legislation.gov.uk/ukpga/1993/34/section/85)
[^c2138259]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138260]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138261]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138264]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras. 3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138265]: [1968 c.59](https://www.legislation.gov.uk/ukpga/1968/59).
[^c2138266]: Words in s. 155 inserted (27.7.1993 with effect as mentioned in s. 86(4)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 86(1)(4)](https://www.legislation.gov.uk/ukpga/1993/34/section/86/1/4)
[^c2138267]: Ss. 152-156 modified (16.7.1992) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 77](https://www.legislation.gov.uk/ukpga/1992/48/section/77), [Sch. 17 paras.3](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/3), [7](https://www.legislation.gov.uk/ukpga/1992/48/schedule/17/paragraph/7) Ss. 152-156 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 6(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/6/2)
[^c2138268]: Words in s. 157 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138303]: Words in s. 165 substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138313]: [1962 c. 46](https://www.legislation.gov.uk/ukpga/1962/46).
[^c2138314]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138315]: [1968 c. 73](https://www.legislation.gov.uk/ukpga/1968/73).
[^c2138316]: S. 171 excluded (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/7/2/b)
[^c2335592]: S. 175(2A)-(2C) inserted (retrospectively as respects s. 175(2A), with application in accordance with s. 48(5) of the amending Act as respects s. 175(2B)(2C)) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/3) (with [s. 48(4)(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4/5))
[^c2138321]: S. 176 modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 18(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/18/2)
[^c2138323]: S. 177: modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/1); modified (27.7.1993 with application as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 169](https://www.legislation.gov.uk/ukpga/1993/34/section/169), [Sch. 17 paras. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/5/3); modified (27.7.1993 with application as mentioned in s. 165(1)) by 1993, s. 169, Sch. 17 paras. 6(2); modified (27.7.1993 with applicaton as mentioned in s. 165(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 17 paras. 6(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/17/paragraph/6/3)
[^c2138324]: Words in s. 177(2) inserted (*retrosp.*) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 46(1)(6)](https://www.legislation.gov.uk/ukpga/1992/48/section/46/1/6)
[^c2138325]: S. 177A inserted (27.7.1993 with application as mentioned in s. 88(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 88(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/1)
[^c2138330]: s. 179: 30.9.1993 appointed for the purposes of s. 179 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138331]: S. 179 excluded (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(1)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/1) S. 179: modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 4(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/4/2); modified (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 51(2)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/51/2)
[^c2138333]: Words in s. 179(4) substituted (27.7.1993 with effect as mentioned in s. 89(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 89(1)(2)](https://www.legislation.gov.uk/ukpga/1993/34/section/89/1/2)
[^c2335589]: S. 188 repealed (retrospective to 30.11.1993) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(1)(a)(10)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/1/a/10), [Sch. 26 Pt. 8(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/8/1)
[^c2138343]: S. 189: 30.9.1993 appointed for the purposes of s. 189 by [S.I. 1992/3066](https://www.legislation.gov.uk/uksi/1992/3066), [art. 2(2)(d)](https://www.legislation.gov.uk/uksi/1992/3066/article/2/2/d)
[^c2138347]: [1983 c. 28](https://www.legislation.gov.uk/ukpga/1983/28).
[^c2138348]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335601]: S. 196(5)(5A) substituted for s. 196(5) (retrospectively and with effect in accordance with [s. 181(4)(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4/5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/3)
[^c2335602]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2335605]: [1964 c. 28 (N.I.)](https://www.legislation.gov.uk/apni/1964/28).
[^c2335606]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138350]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138351]: [1980 c. 48](https://www.legislation.gov.uk/ukpga/1980/48).
[^c2138352]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138356]: S. 206 repealed (27.7.1993, the repeal of subsections (2)-(5) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsection (1) having effect for the year 1992-93 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; S. 206 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(7)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/7), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138357]: S. 207 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138358]: S. 208 repealed (27.7.1993 with effect for the year 1994 and subsequent underwriting years as mentioned in Sch. 23, Pt. III Table (12) Note 2) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Note 2
[^c2138359]: S. 209 repealed (27.7.1993, the repeal of subsections (1)(2)(6) having effect for the year 1994-95 and subsequent years of assessment, the repeal of subsections (3)-(5) having effect for the year 1992-3 and subsequent years of assessment, as mentioned in Notes 4, 5) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(12) Notes 4, 5; s. 209 further amended (27.7.1993 with effect for the year 1992-93 and subsequent years of assessment as mentioned in s. 184(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 183(8)(a)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/183/8/a/b), [184(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/184/3)
[^c2138366]: S. 212 modified (31.7.1992) by [S.I. 1992/1655](https://www.legislation.gov.uk/uksi/1992/1655), [arts. 1](https://www.legislation.gov.uk/uksi/1992/1655/article/1), [21](https://www.legislation.gov.uk/uksi/1992/1655/article/21) S. 212 amended (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1) S. 212 excluded (27.7.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1)
[^c2138368]: S. 212(3)(4)(6) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(2)(b)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/2/b), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138372]: S. 212(8) repealed (27.7.1993 with effect as mentioned in s. 91(1)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [ss. 91(1)](https://www.legislation.gov.uk/ukpga/1993/34/section/91/1), [213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138375]: S. 213(1A) inserted (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 91(4)](https://www.legislation.gov.uk/ukpga/1993/37/section/91/4)
[^c2138377]: S. 213(9) repealed (27.7.1993 with effect in relation to accounting periods beginning on or after 1.1.1993) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 213](https://www.legislation.gov.uk/ukpga/1993/34/section/213), [Sch. 23 Pt. III](https://www.legislation.gov.uk/ukpga/1993/34/schedule/23/part/III) Table(8) Note
[^c2138387]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138389]: S. 217A inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138390]: S. 217B inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138391]: S. 217C inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art.2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138388]: Cross heading inserted (19.2.1993) by [1992 c. 48](https://www.legislation.gov.uk/ukpga/1992/48), [s. 56](https://www.legislation.gov.uk/ukpga/1992/48/section/56), [Sch. 9 para. 21(3)](https://www.legislation.gov.uk/ukpga/1992/48/schedule/9/paragraph/21/3); [S.I. 1993/236](https://www.legislation.gov.uk/uksi/1993/236), [art. 2](https://www.legislation.gov.uk/uksi/1993/236/article/2)
[^c2138392]: [1964 c. 56](https://www.legislation.gov.uk/ukpga/1964/56).
[^c2138393]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138394]: [1985 c. 69](https://www.legislation.gov.uk/ukpga/1985/69).
[^c2138397]: [S.I. 1981/156 (N.I.3)](https://www.legislation.gov.uk/nisi/1981/156).
[^c2138398]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138399]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138400]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138401]: [1990 c. 29](https://www.legislation.gov.uk/ukpga/1990/29).
[^c2138402]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138405]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138406]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138409]: S. 251(6) inserted (27.7.1993 with effect as mentioned in s. 84(3)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 84(2)(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/84/2/3)
[^c2138411]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138416]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138417]: [1986 c. 56](https://www.legislation.gov.uk/ukpga/1986/56).
[^c2138418]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138419]: [1991 c. 31](https://www.legislation.gov.uk/ukpga/1991/31).
[^c2138420]: [1959 c. 49](https://www.legislation.gov.uk/ukpga/1959/49).
[^c2138423]: [1927 c. 41](https://www.legislation.gov.uk/ukpga/1927/41).
[^c2138424]: Words in s. 271(6)(a) substituted (1.9.1992) by [1992 c. 44](https://www.legislation.gov.uk/ukpga/1992/44), [s. 11(2)](https://www.legislation.gov.uk/ukpga/1992/44/section/11/2), [Sch. 8 Pt. I para. 1(1)(2)(9)](https://www.legislation.gov.uk/ukpga/1992/44/schedule/8/part/I/paragraph/1/1/2/9); [S.I. 1992/1874](https://www.legislation.gov.uk/uksi/1992/1874), [art.2](https://www.legislation.gov.uk/uksi/1992/1874/article/2)
[^c2138425]: [1947 c. 30](https://www.legislation.gov.uk/ukpga/1947/30).
[^c2138426]: S. 272(2)-(4) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(5)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/5)
[^c2138429]: S. 273(3) applied (27.7.1993) by [1993 c. 37](https://www.legislation.gov.uk/ukpga/1993/37), [s. 12](https://www.legislation.gov.uk/ukpga/1993/37/section/12), [Sch. 2 Pt. I para. 24(6)](https://www.legislation.gov.uk/ukpga/1993/37/schedule/2/part/I/paragraph/24/6)
[^c2138430]: [S. 275](https://www.legislation.gov.uk/ukpga/1992/12/section/275) applied (with effect in relation to accounting periods beginning after 31.12.1992 as mentioned in Sch. 19AC) by [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1), [Sch. 19AC](https://www.legislation.gov.uk/ukpga/1988/1/schedule/19AC) (as inserted by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 97](https://www.legislation.gov.uk/ukpga/1993/34/section/97), [Sch. 9 para.1](https://www.legislation.gov.uk/ukpga/1993/34/schedule/9/paragraph/1))
[^c2138431]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138432]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138435]: [1972 c. 40](https://www.legislation.gov.uk/ukpga/1972/40).
[^c2138436]: [1978 c. 18](https://www.legislation.gov.uk/ukpga/1978/18).
[^c2138437]: [1989 c. 26](https://www.legislation.gov.uk/ukpga/1989/26).
[^c2138439]: [1979 c. 14](https://www.legislation.gov.uk/ukpga/1979/14).
[^c2138441]: [1986 c. 53](https://www.legislation.gov.uk/ukpga/1986/53).
[^c2138443]: [1970 c. 9](https://www.legislation.gov.uk/ukpga/1970/9).
[^c2138444]: [1988 c. 1](https://www.legislation.gov.uk/ukpga/1988/1).
[^c2138445]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2335611]: Words in Sch. 1 para. 1(1) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138446]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2138447]: [1958 c. 23 (N.I.)](https://www.legislation.gov.uk/apni/1958/23).
[^c2138448]: [1925 c. 19](https://www.legislation.gov.uk/ukpga/1925/19).
[^c2335613]: Sch. 1 para. 1(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/3), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335615]: Words in Sch. 1 para. 1(3) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 4(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/b), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138449]: [1983 c. 20](https://www.legislation.gov.uk/ukpga/1983/20).
[^c2138450]: [1992 c. 6](https://www.legislation.gov.uk/ukpga/1992/6).
[^c2138451]: [1992 c. 9](https://www.legislation.gov.uk/ukpga/1992/9).
[^c2138452]: [1992 c. 4](https://www.legislation.gov.uk/ukpga/1992/4).
[^c2138453]: [1992 c. 7](https://www.legislation.gov.uk/ukpga/1992/7).
[^c2335617]: Words in Sch. 1 para. 2(2) substituted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/a), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2335619]: Sch. 1 para. 2(2A) inserted (retrospectively) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/4), [8](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/8)
[^c2138454]: [1965 c. 25](https://www.legislation.gov.uk/ukpga/1965/25).
[^c2138455]: [1982 c. 39](https://www.legislation.gov.uk/ukpga/1982/39).
[^c2138456]: [1990 c. 8](https://www.legislation.gov.uk/ukpga/1990/8).
[^c2138457]: [1972 c. 52](https://www.legislation.gov.uk/ukpga/1972/52).
[^c2138458]: [S.I. 1991/1220 (N.I.11)](https://www.legislation.gov.uk/nisi/1991/1220)
[^c2138460]: [1964 c. 28 (N.l.)](https://www.legislation.gov.uk/ukpga/1964/28).
[^c2138461]: [1964 c. 29](https://www.legislation.gov.uk/ukpga/1964/29).
[^c2138462]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138463]: [1975 c. 22](https://www.legislation.gov.uk/ukpga/1975/22).
[^c2138478]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138479]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138480]: [1984 c. 51](https://www.legislation.gov.uk/ukpga/1984/51).
[^c2138481]: Words in Sch. 7 para. 7(1) substituted (27.7.1993 with effect in relation to any disposal made on or after 16.3.1993 as mentioned in s. 87(2)) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), [s. 87](https://www.legislation.gov.uk/ukpga/1993/34/section/87), [Sch. 7 Pt. I para. 1(1)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/7/part/I/paragraph/1/1)
[^c2138505]: [1978 c. 30](https://www.legislation.gov.uk/ukpga/1978/30).
[^c2138506]: [S.I. 1979/1573 (N.I. 13)](https://www.legislation.gov.uk/nisi/1979/1573).
[^c2187166]: Sch. 7A inserted (27.7.1993 with effect as mentioned in [s. 88(3)](https://www.legislation.gov.uk/ukpga/1993/34/section/88/3) of the amending Act) by [1993 c. 34](https://www.legislation.gov.uk/ukpga/1993/34), c. 88(2), Sch. 8
[^key-cf3960a37886c11eac41b6b156530cf9]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 2(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/3)
[^key-c61333fd6bef2428a1168708f4d03a3b]: S. 23(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/1)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-60df4d1ea6f90054bbf1238e4a9ce4c6]: S. 23(5) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/3/3)
[^key-eb33f5c4a96dc4c1eb294b7b21ed758f]: S. 30(5) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 4(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/4/3)
[^key-2db3890b14676204cbc9a451baac73cc]: Ss. 152-160 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/1)
[^key-f1efaf9558efb15b34e5a2a0bbc4366e]: S. 154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/2)
[^key-59daa5af51842809b1546358bc73f643]: S. 152 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-208f22d583c64b85c2f5c44d6e4c1ef4]: S. 153 restricted (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/3)
[^key-3d98161715f5f76998c5943ed43630d9]: Ss. 152-154 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/4)
[^key-456db7ce00bb06452a5b3d99523f43eb]: S. 154 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 6(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/6/5)
[^key-7aa435f07d01f3164515a8888ea0409e]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/3)
[^key-c8f23c9c36bb3326d444a4c51a865727]: S. 17 excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 7(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/7/4)
[^key-4b2bccbe08f5aa653392285b2967c9ec]: S. 179 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/1)
[^key-d8fc574574bef5fbeeb1549d9da82dc7]: S. 179 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 8(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/8/5)
[^key-6939f2d384c1e68e1fe712d29ae19730]: S. 253(4) modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-0d0e4bf7282d211ce1d6d7f12a4b686b]: Ss. 253, 254 modified (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/3)[(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/4)
[^key-e336f5453d5ba472fa12a81317b61471]: Ss. 253, 254 restricted (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/5)
[^key-be23ec6e8a40d242ec58d148bc35fbd5]: S. 253(7)(8) excluded (11.1.1994 retrospective) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 9(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/9)
[^key-7054dcc326a0157665ac48b10f49fc06]: Sch. 2 modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 10](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/10)
[^key-7073ffe27329b5647d7ae56490e2bfed]: S. 17 excluded (with saving) (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 11(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/2)
[^key-9cef632edc9c184995a2d6424c779783]: S. 272 applied (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 18(5)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/18/5)
[^key-e3f8c8e3533fa37631b2dbff7aa6c506]: S. 171(1) excluded (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 252(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/252/3), [Sch. 24 para. 25(3)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/25/3)
[^M_C_96955af4-9b31-4366-f2b7-240fbf3ed810]: Act modified (retrospective to 11.1.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 24 paras. 2(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/2/1), [9(1)(6)-(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/9/1), [11(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/24/paragraph/11/4)
[^key-d0c7a8a12a0278cdf9f2f106bb7cf3c6]: Act applied (with effect in accordance with reg. 1(1) of the amending S.I.) by [The Lloyds Underwriters (Tax) (1991-92) Regulations 1994 (S.I. 1994/728)](https://www.legislation.gov.uk/uksi/1994/728), [reg. 3(1)](https://www.legislation.gov.uk/uksi/1994/728/regulation/3/1) (with [reg. 1(2)](https://www.legislation.gov.uk/uksi/1994/728/regulation/1/2))
[^key-2c7045f26212cb6d717b5daf4c09f8ae]: S. 3(2) sum amended (for the year 1994-95) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 90](https://www.legislation.gov.uk/ukpga/1994/9/section/90)
[^key-fbc4c518f8e2c5d5ba1c636e944b1112]: S. 170 extended (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 148(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/148/9)
[^key-757ac07b390641136fbbde96d2d5e897]: Act modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/2/c) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-4f420e2c44a26cac88e83837398c3dd0]: S. 38 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 173(4)(d)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/4/d) (with [s. 173(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/173/1))
[^key-5d58737b196aa24c84d95bb045c1863a]: S. 179 restricted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 250(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/250/2)
[^key-69ec660cb043256081cd900c7fac3982]: Act applied (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 1(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/1/2)
[^key-229281ef497d10e4b1591aef4ed78bad]: Ss. 152-156 modified (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 25 para. 3(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/25/paragraph/3/2)
[^key-857f99c02887bb038065f8c49c3ecc04]: Words in s. 53(1) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/1) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-28cb3f6f41c1db4ae3653534f7c69fda]: Words in s. 53(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-11ece275e98ce5c9e2c498259640e853]: S. 53(2)(a) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-6a958a5db2f0b99370435ca2ef75b1ce]: Word in s. 53(2)(b) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(2)(c)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/2/c) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-180fa7c6b1565490349c9bf71f27eb5a]: S. 53(2A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/3) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-db99610de5f0182bc7235052bce81f22]: S. 55(7)-(11) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/4) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-15d4e0ca84439966d33363fe31378acd]: Words in s. 56(2) substituted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/a) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-178cf8da990227f6e5cf0775924f2643]: S. 56(3)(4) added (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(5)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/5/b) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-4393b0e465783dda323655f773463eef]: Words in s. 56(1)(a) repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8)
[^key-bf7ac8c3abde15f14bcf2992586328ff]: S. 103 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-9265233fdfa02d7d8d84c2926a69ad6f]: S. 110(6A) inserted (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/6) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-837a65d4ee909f563857dae660302d4b]: S. 111 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-76c7e1a83db6bb8331af30779dc05c5d]: Ss. 182-184 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-d793bfa0d55ce82afe2a11e7d7aeb400]: S. 139(3) repealed (with effect in accordance with s. 251(1)(a)(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(5)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/5), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-d1d23d39d5a250d477943d8f79f62c7f]: S. 143(4) repealed (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1), [Sch. 26 Pt. V(9)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/9)
[^key-3b194ac28705cc1374d495dfd49013ab]: S. 143(6)(7)(8) substituted for s. 143(6) (with effect in accordance with s. 95(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 95(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/95/1)
[^key-067dc34a78dd482794d79b1d10666b9e]: Words in s. 150(1) inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/29)
[^key-3de530cd07a5315005db86ba21fb9718]: S. 150A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 30](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/30)
[^key-4ee83211c251f9338e2d6ad25f1e60d0]: S. 160 repealed (with effect in accordance with s. 251(1)(a)(6) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(6)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/6), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-1ca81e0ab084e135cffc4d55b14bea58]: Words in s. 166(2) repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-b6f0e05aab31485c07b08ae9094410b7]: S. 171(2)(e) and preceding word repealed (with effect in accordance with s. 251(1)(a)(7) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(7)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/7/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-5349fcb8ba88f4e9bd216e7a16a5f101]: Words in s. 175(2) repealed (with effect in accordance with s. 251(1)(a)(8) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(8)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/8), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-bc97864159ac13ecd1d39f6141a7529e]: S. 186 repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-c949e611fe9893ba34c4f395fec830bf]: Words in s. 187(1)(a) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(a)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/a), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-054ae46ecafe82cfeb84a2c848bcf5e5]: Words in s. 187(6) repealed (with effect in accordance with s. 251(1)(a)(9) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 251(9)(b)](https://www.legislation.gov.uk/ukpga/1994/9/section/251/9/b), [Sch. 26 Pt. VIII(1)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/VIII/1)
[^key-71b3e564af45e537a392174021e46116]: S. 200 repealed (with effect in accordance with s. 93(11) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 93(7)](https://www.legislation.gov.uk/ukpga/1994/9/section/93/7), [Sch. 26 Pt. V(8)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/8) (with [Sch. 12](https://www.legislation.gov.uk/ukpga/1994/9/schedule/12))
[^key-487e2861468f71df323ceef2698d40d8]: Words in s. 231(1)(d) repealed (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 15 para. 34](https://www.legislation.gov.uk/ukpga/1994/9/schedule/15/paragraph/34), [Sch. 26 Pt. V(17)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/17)
[^key-f8c5e239a54d4d2ca753c7b35fe31bbf]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(a)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/a)
[^key-53041365a116f588ec51833f362ef3f8]: Words in s. 283(1) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(1)(b)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/1/b)
[^key-b2d6084d855c45234f8283b19c8911f1]: S. 283(2) substituted (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(2)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/2)
[^key-fd4f11f9bd71223edbd75fd936a64857]: S. 283(5) repealed (with effect in accordance with s. 199(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [Sch. 19 para. 46(4)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/19/paragraph/46/4), [Sch. 26 Pt. V(23)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/23)
[^key-4bf05aa02598b09de90242323021528f]: Sch. 5 paras. 11-14 repealed (with effect in accordance with s. 97(5) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(4)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/4), [Sch. 26 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1994/9/schedule/26/part/V/10)
[^key-c016efa26c03f3282461cd0a4fea3187]: Sch. 5A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(3)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/3)
[^key-84a6a7023846124085f3a78105ab69dc]: S. 98A inserted (3.5.1994) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 97(2)](https://www.legislation.gov.uk/ukpga/1994/9/section/97/2)
[^key-6460033ea01950bb9ebb01b6802ceb1c]: S. 144A inserted (with effect in accordance with s. 96(2) of the amending Act) by [Finance Act 1994 (c. 9)](https://www.legislation.gov.uk/ukpga/1994/9), [s. 96(1)](https://www.legislation.gov.uk/ukpga/1994/9/section/96/1)
[^key-ac299e846edf905519fc22a6186e46f7]: Sch. 10 para. 6 repealed (1.9.1994) by [Value Added Tax Act 1994 (c. 23)](https://www.legislation.gov.uk/ukpga/1994/23), [s. 101(1)](https://www.legislation.gov.uk/ukpga/1994/23/section/101/1), [Sch. 15](https://www.legislation.gov.uk/ukpga/1994/23/schedule/15)
[^key-fbbf371f33c5cf60008c6450a3a9669e]: S. 28 extended (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 2(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/2/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-da611ec651221538503606c308794eaa]: S. 23(4) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-fb2c4dc118e30e302a32a132c2a27c76]: S. 23(5) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 3(1)-(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/3/1) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-00ccf18768590d96599daf3014df0b2e]: S. 30 excluded (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-61ccfe1dfb765027d9f74253c0aa1313]: S. 144 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 6(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/1) (with [Sch. 4 paras. 6(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/6/4), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-ad6c26e719f79631edeaaf935fc390c2]: S. 152 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/1/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e124cf3266fbf45c23252746d09a7569]: S. 152 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f46d0cc1100767ef46be299c27dec443]: S. 153 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/a) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-65946e4a17f03793024442b45ea89dbf]: S. 154 restricted (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/2/b) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-1d0628e94b300a68a3583d6cd2743288]: S. 152 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-60e7388c79d375a8b0b937b16dbab59e]: S. 153 applied (with modifications) (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/3) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-23cb74aef3278ad84edca5101b1dadac]: S. 154 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-035004ca1191a3421daf427e42a3ee78]: S. 158 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 7(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/7/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6deea884207668d2e89e9b284a9fa0f9]: S. 179 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(1)(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/1) (with [Sch. 4 paras. 8(3), 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-bcf51fc79e0bf42ae98e009cd88006a8]: S. 179 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 8(4)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/8/4) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-d77adea915de9354e482c2e43935ac03]: Ss. 253, 254 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/2)[(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3) (with [Sch. 4 para. 9(3)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/3)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5), [14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-b9904791acd9dbf2aee3b70740dde3ca]: S. 253(9) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/5) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-e58412ba79d6e9e4348eaaaedea6b829]: S. 253(10) modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9795a12f56a8a435bca48175ea83d372]: S. 253(13) applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 9(7)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/9/7) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-f62f55db6b767097785ccc08c7331e12]: Sch. 2 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 10](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/10) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-6a24c8a006139497b138a96eb46ff425]: S. 174 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-c594abbde38d22bdc3a9bbb7702520ad]: S. 41 modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 21(2)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/2)[(5)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/5)[(6)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/21/6) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^key-9d3560035abce81fa37a087d8568d9a3]: S. 28 applied (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), [s. 68(4)](https://www.legislation.gov.uk/ukpga/1994/21/section/68/4), [Sch. 4 para. 24(9)](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/24/9) (with [Sch. 4 para. 14](https://www.legislation.gov.uk/ukpga/1994/21/schedule/4/paragraph/14)); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), art. 2, Sch.
[^M_C_25434e55-8414-4bd5-f8e6-e682382849c1]: Act modified (19.9.1994) by [Coal industry Act 1994 (c. 21)](https://www.legislation.gov.uk/ukpga/1994/21), Sch. 4 paras. 2(1), 9(1) (with Sch. 4 para. 14); [S.I. 1994/2189](https://www.legislation.gov.uk/uksi/1994/2189), [art. 2](https://www.legislation.gov.uk/uksi/1994/2189/article/2), [Sch.](https://www.legislation.gov.uk/uksi/1994/2189/schedule)
[^key-85524c47c2d2d17be2093d934fbbf9cf]: S. 275(h) modified (31.10.1994) by [Trade Marks Act 1994 (c. 26)](https://www.legislation.gov.uk/ukpga/1994/26), [s. 109(1)](https://www.legislation.gov.uk/ukpga/1994/26/section/109/1), [Sch. 4 para. 1(1)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/1)[(2)](https://www.legislation.gov.uk/ukpga/1994/26/schedule/4/paragraph/1/2); [S.I. 1994/2550](https://www.legislation.gov.uk/uksi/1994/2550), [art. 2](https://www.legislation.gov.uk/uksi/1994/2550/article/2)
[^key-af3878dd7ed7fc023dc0a16aeda83487]: Act modified (retrospective to 29.11.1994) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 154(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/1)[(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/154/3)
[^key-a92640b3656bcd543a6e1f46a428f2f4]: Act extended (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 18(3)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/3)
[^key-2dc12ae6c54873feb63d04f5810647ef]: S. 17(1) excluded (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [18(4)](https://www.legislation.gov.uk/nisi/1994/2809/article/18/4)
[^key-265d21be27a528417a84eba8e02a4011]: S. 170(7)(8) applied (with modifications) (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [arts. 1(2)](https://www.legislation.gov.uk/nisi/1994/2809/article/1/2), [19(12)](https://www.legislation.gov.uk/nisi/1994/2809/article/19/12)
[^key-f4025b1c73b7911132d154096de1fd6b]: Act applied (3.1.1995) by [The Ports (Northern Ireland) Order 1994 (S.I. 1994/2809 (N.I. 16))](https://www.legislation.gov.uk/nisi/1994/2809), [art. 20(7)](https://www.legislation.gov.uk/nisi/1994/2809/article/20/7)
[^key-047fe88bb5f5c731a213d0fa1eef7a46]: S. 211(1) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-e0693fe2f1a0f26491be1224c1438b76]: S. 213(5) modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Friendly Societies (Taxation of Transfers of Business) Regulations 1995 (S.I. 1995/171)](https://www.legislation.gov.uk/uksi/1995/171), [regs. 1](https://www.legislation.gov.uk/uksi/1995/171/regulation/1), [4(1)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/1)[(2)(e)](https://www.legislation.gov.uk/uksi/1995/171/regulation/4/2/e)
[^key-ac6113564e95672d94b047db16be19bf]: S. 176(1) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [9(6)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/9/6)
[^key-ef0aa101d2d4f0bbfc87965ee01a864a]: S. 176(2) applied (23.3.1995) by [The Exchange Gains and Losses (Transitional Provisions) Regulations 1994 (S.I. 1994/3226)](https://www.legislation.gov.uk/uksi/1994/3226), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/1/2), [14(4)](https://www.legislation.gov.uk/uksi/1994/3226/regulation/14/4)
[^key-3536fb0407db74d7bcc79be107f855ab]: S. 170 applied (23.3.1995) by [The Exchange Gains and Losses (Deferral of Gains and Losses) Regulations 1994 (S.I. 1994/3228)](https://www.legislation.gov.uk/uksi/1994/3228), [regs. 1(2)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/1/2), [4(1)](https://www.legislation.gov.uk/uksi/1994/3228/regulation/4/1)
[^key-1e2d141295365399f48be3a0e7ab275e]: S. 175(2A)(c) restricted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/4)
[^key-bbf96f0fdc2ca904148692d595977340]: S. 272 applied by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [ss. 591C-591D](https://www.legislation.gov.uk/ukpga/1988/1/section/591C) (as inserted (with effect in accordance with [s. 61(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 61(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/61/1))
[^key-eb763497b8d228e12282910a1fd5eba9]: Act applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para 8(5) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-28084fe61e3adbe0e0e88c39e6ea634a]: Act modified by Income and Corporation Taxes Act 1988 (c. 1), s. 737C(11A) (as inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/3))
[^key-aa04edf941ccb3237c9000e2c33bd0f3]: S. 170(7) modified by 1988 c. 1, s. 209(8E) (as inserted (with effect in accordance with s. 87(7)(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 87(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/87/3))
[^key-185ae42dfc9058d2ac217e3039d9b94b]: Act modified (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/2)
[^key-79abbf6d2ae133d25e01a284dc30192a]: Act modified (with effect in accordance with s. 126(9) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 126](https://www.legislation.gov.uk/ukpga/1995/4/section/126), [Sch. 23 para. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/23/paragraph/1/1)
[^key-0098551f03c3a04d686e7a8819020506]: S. 139 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-e956f28aab42623e184144ff777e9804]: S. 140A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-8079ebb236182b58bdca734980bd13cb]: Ss. 171, 172 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-c85802a4cf31a845d7af9d7499dbe334]: Ss. 215, 216 restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-eb3800f995fc0be9c5e2449480baf077]: S. 217A restricted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 131(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/1)[(2)(a)](https://www.legislation.gov.uk/ukpga/1995/4/section/131/2/a)
[^key-da345bc6b1bd166b1d109c41faac443a]: S. 241(3) modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 36](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/36)
[^key-c51b12f9310ba37b2df738e8a5eebbde]: Sch. 8 modified (with effect in accordance with s. 39(4)(a)(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 39(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/39/3), [Sch. 6 para. 37](https://www.legislation.gov.uk/ukpga/1995/4/schedule/6/paragraph/37)
[^key-d2791e25a1476282c070c3c23ae35c5c]: Sch. 7A para. 8(1) applied by 1988 c. 1, Sch. 28A para. 13 (as inserted (with effect in accordance with Sch. 26 para. 5 of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/26/paragraph/3))
[^key-f5d2f7407321773d3fe07aa4a1c8012b]: S. 7 repealed (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 115(12)](https://www.legislation.gov.uk/ukpga/1995/4/section/115/12), [Sch. 29 Pt. VIII(14)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/14)
[^key-316573c968f6bc003852e6cc33e3df07]: S. 16(2A) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 113(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/113/1)
[^key-f150a9d8da98f92e587a6be6f42ee98d]: S. 59(c) and preceding word repealed (with effect in accordance with Sch. 29 Pt. VIII(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-d62f14798f6f1948ed4650d36b16058f]: S. 65(1) substituted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/1)
[^key-76b4e8d202597343238ebf42b5e591cd]: S. 65(3)(4) inserted (with effect in accordance with s. 103(7) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 114(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/114/2)
[^key-875c574708c2461dad93bbc968fd039a]: Words in s. 100(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/2)
[^key-0eb1cc1f7cc29e5d49508a84818a68bb]: Ss. 151A, 151B inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(3)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/3)
[^key-568a0297967ffbe708957a63546532cd]: S. 150(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 69](https://www.legislation.gov.uk/ukpga/1995/4/section/69)
[^key-a6718d05f5a58420d5cfad090eddde76]: S. 150A(2A) inserted (with application in accordance with Sch. 13 para. 2(1) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/2)
[^key-94df9ae023568d7d54374affe7ff8662]: Ss. 150A(8A)-(8C) inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/2/4)
[^key-bd1a66990c21b225fab4c82bef2ef692]: S. 150B inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/3)
[^key-06fcb597847471a84ae2af39bc18e04d]: S. 150C inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/1)
[^key-a107d16142a124fbbb6cf19c5c89fc02]: Sch. 5B inserted (with effect in accordance with Sch. 13 para. 4(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 13 para. 4(3)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/13/paragraph/4/3)
[^key-df23025d0f35232eccc277345f8d7a47]: Words in s. 175(1) repealed (with effect in accordance with Sch. 29 Pt. VIII(4) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII)
[^key-81a866e420336faae0e7e58403fac23f]: S. 179(2A)(2B) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/1)
[^key-27d6668b67494b0b2ea6f97276fa01f2]: S. 179(9A) inserted (with effect in accordance with s. 49(3) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 49(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/49/2)
[^key-a97b5230c1444d8c1a22fe32c6b22ab3]: S. 213(5A) inserted (with effect in accordance with s. 53(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/1995/4/schedule/9/paragraph/4)
[^key-14ae25d80e05c7e9de22aed629d62f2a]: S. 247(5A) inserted (with application in accordance with s. 48(6) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 48(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/48/2)
[^key-ed257d05c59cb55406650cd93b0b2856]: Words in s. 257(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(5)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/5)
[^key-6bc0955481c9b4320adfe8aa30def0da]: S. 286(3)(3A) substituted for s. 286(3) (with effect in accordance with s. 74(2) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 17 para. 31](https://www.legislation.gov.uk/ukpga/1995/4/schedule/17/paragraph/31)
[^key-bc63a2b2310c9a78514afbc86551fd2b]: Words in s. 288(1) inserted (with effect in accordance with s. 72(8) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 72(7)](https://www.legislation.gov.uk/ukpga/1995/4/section/72/7)
[^key-363476a14943eed8b50e80d965a2f9ad]: Word in Sch. 10 para. 2(2) repealed (with effect in accordance with Sch. 29 Pt. 8(16) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [Sch. 29 Pt. VIII(16)](https://www.legislation.gov.uk/ukpga/1995/4/schedule/29/part/VIII/16)
[^key-8ccbcafa4f44715ff660e2c000c8a832]: S. 263A inserted (with effect in accordance with s. 80(5) of the amending Act) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 80(4)](https://www.legislation.gov.uk/ukpga/1995/4/section/80/4)
[^key-1edcdf3ea0363b9fcf625e7df5ce868c]: S. 151A(4)(5) applied by Income and Corporation Taxes Act 1988 (c. 1), Sch. 15B para. 8(6)(c) (as inserted (1.5.1995) by [Finance Act 1995 (c. 4)](https://www.legislation.gov.uk/ukpga/1995/4), [s. 71(2)](https://www.legislation.gov.uk/ukpga/1995/4/section/71/2), [Sch. 15](https://www.legislation.gov.uk/ukpga/1995/4/schedule/15))
[^key-1ab18e03f3d27d786356321c6caa9b61]: S. 171(1) restricted (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/1)
[^key-ff0e6cf35b1c5f899f842fc5ed56d0fb]: S. 21(2) applied (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/4/2)
[^key-817a6ec94b240c1d1bd20e48d8d012dd]: S. 179 modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 5(1)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/1)[(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/2) (with [Sch. 3 para. 5(4)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/5/4))
[^key-9cbed6e98536fecb7682403b28a4996b]: S. 253(4) modified (8.11.1995) by [Atomic Energy Authority Act 1995 (c. 37)](https://www.legislation.gov.uk/ukpga/1995/37), [Sch. 3 para. 6(2)](https://www.legislation.gov.uk/ukpga/1995/37/schedule/3/paragraph/6/2)
[^key-bcf3cdc2ffeeeab5824dd3d3cb7c5409]: S. 272 applied (E.W.S.) (8.11.1995) by [Gas Act 1995 (c. 45)](https://www.legislation.gov.uk/ukpga/1995/45), [ss. 17(1)](https://www.legislation.gov.uk/ukpga/1995/45/section/17/1), [18(2)](https://www.legislation.gov.uk/ukpga/1995/45/section/18/2), [Sch. 5 para. 10(2)](https://www.legislation.gov.uk/ukpga/1995/45/schedule/5/paragraph/10/2)
[^key-449054e447ef9de052cff15651301f04]: S. 3(2) sum amended (for the year 1996-97) by [The Capital Gains Tax (Annual Exempt Amount) Order 1995 (S.I. 1995/3033)](https://www.legislation.gov.uk/uksi/1995/3033), [art. 2](https://www.legislation.gov.uk/uksi/1995/3033/article/2)
[^key-adf3421c7b33d5bb4bf40785305a45e8]: Act modified (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-cac6648388748a7b5529e79af697e7d3]: S. 132 applied (retrospective to 31.12.1995) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 203(10)](https://www.legislation.gov.uk/ukpga/1996/8/section/203/10)
[^key-3d4cfbe08d178fb790642711de0ca355]: S. 263A(1) applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [4](https://www.legislation.gov.uk/uksi/1995/3220/regulation/4)
[^key-67be92e8ce6c94a7220d895a537b2afd]: S. 263A applied (with modifications) (2.1.1996) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 1995 (S.I. 1995/3220)](https://www.legislation.gov.uk/uksi/1995/3220), [regs. 1](https://www.legislation.gov.uk/uksi/1995/3220/regulation/1), [5](https://www.legislation.gov.uk/uksi/1995/3220/regulation/5)
[^key-ad2d4c2dd6e60535ec55ff27099fd7be]: Act extended (with modifications) and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(4)-(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-379b67094cdb36450744d396d70caf20]: Act extended and applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93(4)-(13)](https://www.legislation.gov.uk/ukpga/1996/8/section/93/4) (with [Sch. 10](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10), [Sch. 11](https://www.legislation.gov.uk/ukpga/1996/8/schedule/11), [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-b25d3c83f3741a46a8c3ccf7c850a4d9]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/3)
[^key-0d97dd8924d455545c191f969b20b82b]: Act modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 98](https://www.legislation.gov.uk/ukpga/1996/8/section/98), [Sch. 10 para. 5(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/10/paragraph/5/4)
[^key-e140fda3b0e9c5a3b1b0c33ce62d19eb]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 102](https://www.legislation.gov.uk/ukpga/1996/8/section/102), [Sch. 13 paras. 13(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/13/6), [15(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/13/paragraph/15/1)
[^key-9f496936595bf3edb1ebaa3c17101b37]: S. 176 applied (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 8(9)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/9)
[^key-bb484246c7351f1989b259e89c727b04]: Act applied (with effect in accordance with [s. 105(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/105/1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 paras. 8(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/8/11), [22(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/22/4), [26(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/26/2)
[^key-3e8563fcf3e616ddc4f63bcea377ace5]: S. 212 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-8477b0996ad3bca72db581a8e06d25f6]: S. 213 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/15/2)
[^key-1ce2c7478e4895207ee3330b9809983d]: S. 116 modified (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 105](https://www.legislation.gov.uk/ukpga/1996/8/section/105), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15/paragraph/30/2)
[^key-6643a435dc8aae0cda0a979122493390]: S. 170 applied (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 9 para. 11(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/9/paragraph/11/5)
[^key-fb6749e2d735c5a5e60930cf17e22f74]: Words in s. 13(2) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/2)
[^key-af7fca1162177e702b6a7af0da46bf07]: S. 13(3)(4) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/3)
[^key-7967e70e20477d6cd12c3991927200e3]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/a)
[^key-1da12f2f668af97c0f6490a0a92a186b]: Words in s. 13(7) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(5)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/5/b)
[^key-d59760aa83c648612016990a999217c1]: S. 13(7A) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/6)
[^key-11c3adc20a2c860a621c88cb5b994487]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/a)
[^key-9ddb040d9a48b38f09bc74bf2e972ea5]: Words in s. 13(9) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(7)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/7/b)
[^key-79bffa8080cdcc01d20e3f9a05906c2c]: Words in s. 13(10) substituted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(8)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/8)
[^key-c32631451eb950c1367143373a20e1b6]: S. 13(12)-(15) inserted (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(9)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/9)
[^key-c74d78a5e9fa267d1adb73b09656f6fb]: S. 13(5)(a) repealed (with effect in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/4), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-a4a15a2a1eaffca93f210c39b30c5fae]: S. 13(6) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-8da3ef8b6025d803d6c18f0643d5c831]: S. 23(6)(7)(8) substituted for s. 23(6) (with effect in accordance with Sch. 39 para. 3(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 3(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/3/2)
[^key-83f81006fb33fd9ed93972a6f121b761]: S. 24(2) substituted (with effect in accordance with Sch. 39 para. 4(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 4(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/4/1)
[^key-488fe5085b87ceb59f215589a3270a85]: Words in s. 30(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 46](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/46)
[^key-cbc48759440f774289d8dd131718db34]: Word in s. 30(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-ec07292e6f22b241d7b2545bda380840]: Word in s. 30(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 47(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/47/a)
[^key-f81a1222549813159fe292ee0749408d]: Words in s. 35(6) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/a)
[^key-6f4703969aabbea209952a05b68cffe2]: S. 35(6)(a)(aa)(b) substituted for s. 35(6)(a)(b) (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 35(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/35/b)
[^key-55ab65e476126c9f33df84e0e1beaaf4]: Words in s. 48 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 48](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/48)
[^key-a72c8ab617058d644ee5f889e44a6839]: S. 49(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 49](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/49)
[^key-9ee952b021569fb2f410a7f644ac0a2d]: Words in s. 52(4) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 50](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/50), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-7a37f42af1e247d673a4cbcff392f59e]: Word in s. 72(1) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-85b8f571bf32526617f6f27674dcb278]: Word in s. 72(2) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-5864def90635ac5528d4ca78d9ede28e]: Word in s. 72(5) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2)
[^key-b150a0f3d9659a1cbfb792691497a37a]: Word in s. 72(5) repealed (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/2), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-bca45aa33916811bb82c560fdefea60e]: S. 72(3)(4) substituted (with effect in accordance with Sch. 39 para. 5(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 5(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/5/3)
[^key-e368f84ae78d613c253a61af8c5b924e]: Words in s. 73(1) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/2)
[^key-f0a191fbbfa7ab9c1f120f66a8b92081]: Word in s. 73(2) repealed (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/3), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-b8d6983c13ea4c86be378b86ea190279]: Words in s. 73(3) substituted (with effect in accordance with Sch. 39 para. 6(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 6(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/6/4)
[^key-0a5db2e303045bac23a80052233d416e]: S. 75 repealed (with effect in accordance with Sch. 39 of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/4)
[^key-264bb1e81b6883470c83b38b045afca0]: S. 101(1A) inserted (29.4.1996 with effect as specified in s. 140(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 140(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/140/1)
[^key-cf3742e8f5dc2223e15972ffa01150da]: S. 108(1)(aa) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 59](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/59) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-dfeb14f650fc3da6a0127259fd1ead33]: S. 108(1)(b) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^M_F_e705a48d-5f69-45e5-d32f-862bd3a20f32]: Words in s. 122(2) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^M_F_69ff9efc-c86b-44a8-a2a4-d95b41ec91ca]: S. 122(3) repealed (with effect in accordance with [s. 134(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/134/2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-8117f8a2cbee713f8ee83e9c16795392]: S. 116(4A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-e46abdda7e4526e79e58f3e115e23989]: S. 116(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0238d9768c29c9448b2a386aaf0ec0cc]: S. 116(16) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 60(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/60/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-09f80887a584892ca7f68c192ea2c305]: Words in s. 116(13) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 51](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/51), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-51332cda45ee1e0f390a0348d5f4ebff]: S. 117(A1) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/1) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4445705877d6dfda689b55b745095f64]: S. 117(2AA) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/2) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-6208ef85e5b3a11569d5184755450339]: S. 117(6B)(6C) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-4160cdf335d1d8bf0be150e679f1ba25]: S. 117(8A) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 61(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/61/4) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-5a8b939b5c446a0f06a33e567e5ce151]: S. 117(2A) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-82fe9b7c661a6cf35a9c6338c10d0acb]: S. 117(3) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-3bdd901e3a3a4a160381e809c3fc8bac]: S. 117(9)(10) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-67d88c761f083cd045020fc1ea797452]: S. 118 repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-63318c45ad16f4d3c730b30f3aa1c34b]: Words in s. 122(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 52(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/52/3)
[^key-adb557a04aabbc33b6bd08fc8fe80a02]: Words in s. 133(2) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/1), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-3aecb868d29ff5185c31fc4997acd039]: S. 133(3) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/2), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-10d9c7a43407a376d991e83d6eca5d1f]: Words in s. 133(4)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 53(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/53/3)
[^key-f8fd198cb5c6c2443349a65ac0c1f550]: Word in s. 144(8)(b) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/a)
[^key-73aec83a5cd277ad985d9a8c273f7037]: Words in s. 146(4)(b) substituted (with effect in accordance with Sch. 38 para. 11(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 11(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/11/1)
[^key-7d71e546784005ac22db77156d61727a]: Words in s. 149A(2) substituted (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/3)
[^key-ac22a06b50565f182c650791ac88402d]: S. 149A(4) repealed (with effect in accordance with s. 111(6) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 111(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/111/4), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-34dc2757e1b3de8fa524a12071174225]: Words in s. 150(10)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-7879b35119bd2c51f7813d4390199570]: Words in s. 150A(9)(a) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 54](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/54)
[^key-654682e194839ea6764022de0e5c7201]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/a)
[^key-134dc608eb8386cfa945c4b61c17119b]: Words in s. 152(4) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/1/b)
[^key-cb32f76dc6ba7775a1e677caf3f9ae10]: S. 153A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/2)
[^key-47ce28bb77bb46fdf483af11988de1ea]: S. 161(3A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 36](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/36)
[^key-131976c1455bcf82a2549024e5cdc662]: Words in s. 175(2A) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-74afc1a6cf4065ad71ca3369665570b0]: Words in s. 175(2B) inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/a)
[^key-44a5292abb3d837261b5220968048d11]: Words in s. 175(2C) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/3/b)
[^key-70a152bf40380f7b2375eb0f4b5ce21c]: Words in s. 176(4) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-884e9a5cc8aef91d52991704aa79e69d]: Words in s. 176(6) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(1)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/1)
[^key-abbd11b886c535d6a2044b294cfd4302]: Words in s. 176(5) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 57(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/57/2)
[^key-950412d3a25537a9f7b3f07f8a138b05]: Words in s. 181(1)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 58](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/58), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-eb9b4e638bb252cc5361fcac5bb2ece6]: Words in s. 196(1) substituted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/1)
[^key-fbe683d120a08cf1bc775a55b3cfaee6]: S. 196(1A) inserted (with effect in accordance with s. 181(4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^M_F_f099939c-4484-4c4e-e1a0-010fb3d5e977]: Words in s. 196(2) substituted (with effect in accordance with [s. 181(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/4) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 181(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/181/2)
[^key-45708dab96a777ce3a17035bf95d905e]: S. 222(3) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/2)
[^key-f2abf8e889368e356b1b4596efdea4ca]: S. 222(5)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/a), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-410839c2b4bc890a2b3ce4a1064788bb]: Words in s. 222(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(3)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/3/b), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-a83e44e9a65ecff88b33a66b43c3fc03]: S. 222(6)(b) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-88e2d63501e0c65c75fedd92b517d00b]: Word in s. 222(6) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 59(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/59/4), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-e7ea46afb356917bfc5e5a016b225da8]: Words in s. 224(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 60](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/60)
[^key-cf7ec32bd86eb0f5f0d95994990aef4a]: S. 226(5) repealed (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 61](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/61), [Sch. 41 Pt. V(10)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/10)
[^key-da2d71b200be2747d98d70677fb7d953]: S. 238(4) repealed (with effect in accordance with [s. 112(2)(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2/3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/2), [Sch. 41 Pt. V(5)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/5)
[^key-321ce3c781e9a3576b68bea2b05bade6]: Word in s. 241(7) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 62](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/62)
[^key-4a71e5ac5d8082f4d84a89eaa0e2674f]: S. 242(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 37](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/37)
[^key-6047903028ae3674eb316bafa63e0212]: S. 243(2A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 38](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/38)
[^key-b87178ef6ec395c8d44d3494d97d7720]: S. 244(3) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 39](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/39)
[^key-3a098e1420107172c0a5cd6362e3bcf5]: Words in s. 246 repealed (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/4), [Sch. 41 Pt. V(6)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/6)
[^key-b043c844d540dabc803041c35cbd8cf4]: Words in s. 247(5)(b) substituted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(5)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/5)
[^key-e7ad3b4c4354b638ea16a0b6c49090fd]: S. 247A inserted (with effect in accordance with s. 121(8) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 141(6)](https://www.legislation.gov.uk/ukpga/1996/8/section/141/6)
[^key-28231c04197e8a94586c8cb644346ead]: S. 251(7)(8) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/64) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0d3055bb4916225532cbc0f2dce4d9e6]: Words in s. 253(3) inserted (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 14 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/14/paragraph/65) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-0e90a3bc2f3c6ab007a5bfee2a160f4f]: S. 253(4A) inserted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 40](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/40)
[^key-b852007d7d20f950c5a87b8e08b0c9d9]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/a)
[^key-67f37b8aac0e69364885b7476ff822ff]: Words in s. 253(3) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/2/b)
[^key-1e311fd43a8bffecbc1c8a620d689325]: S. 253(3A) inserted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/3)
[^key-57b6996f44fdb39d622baaf783c5f17f]: Words in s. 253(4) substituted (with effect in accordance with Sch. 39 para. 8(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 39 para. 8(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/39/paragraph/8/4)
[^key-8a34d451565998448a95265288a1452d]: Word in s. 276(2)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-a910ae81df7c6f3bc7f29c559ae9999b]: Word in s. 276(6) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(d)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/d)
[^key-27e768c2e8037c3f0d27934610b7d622]: S. 279(5) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 41](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/41)
[^key-8824bdafb7f54ea909c9bb23ee519095]: S. 279(1)(b)(c) substituted for s. 279(1)(b) (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 64](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/64)
[^key-96f22bd6efdb7fa5f5923b590350ab24]: Words in s. 280 substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 65](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/65)
[^key-d72e5286e2356534ae642de09e81c5cc]: Word in s. 281(3)(c) substituted (with effect in accordance with Sch. 38 para. 10(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 10(2)(e)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/10/2/e)
[^key-3dc0e6817744d137e56d15f8aa901435]: S. 281(5)(a) substituted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/2)
[^key-bbdbb11c80ce0bcd0699d8e89aa78b7f]: Words in s. 281(6) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/3)
[^key-8210b746d546790ac4b57cc45600bd3f]: Words in s. 281(7) inserted (with effect in accordance with Sch. 18 para. 17(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 18 para. 15(4)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/18/paragraph/15/4)
[^key-ab7abbbeec14bc74557556f802c99437]: S. 288(4) repealed (with effect in accordance with Sch. 41 Pt. VIII(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. VIII(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/VIII/3)
[^key-2c7941abd9e7f72eba40a532b875eee6]: Words in Sch. 2 para. 4(11) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/2)
[^key-7fc53d9bf5ad30dd6e8872c05bf95021]: Words in Sch. 2 para. 17(3) substituted (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 42(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/42/3)
[^key-0953e051c943f700039c702a72379126]: Words in Sch. 4 para. 9(1)(b) repealed (with effect in accordance with s. 135(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 21 para. 43(a)(ii)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/21/paragraph/43/a/ii), [Sch. 41 Pt. V(11)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/11)
[^key-64822ee7a137518af6bb9a3cf11b58c8]: Words in Sch. 5 para. 1(3)(a) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(a)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/a)
[^key-fe72e5e39560e354146bd7b945ae9b96]: Words in Sch. 5 para. 1(3)(b) substituted (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(b)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/b)
[^key-94e1b39f68bc98740284a15738ba7b32]: Words in Sch. 5 para. 1(3) added (with application in accordance with s. 174(11) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 174(10)(c)](https://www.legislation.gov.uk/ukpga/1996/8/section/174/10/c)
[^key-bb608531cf9012ce903a682a4dbc6ae7]: Sch. 5 para. 8(10) repealed (with effect in accordance with Sch. 41 Pt. 5(30) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(30)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/30)
[^key-51a83773a672f75b2c16839a4e0b0831]: Words in Sch. 8 para. 3(2) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/2)
[^key-7975383cdb2a5206c35c1c21808dfc81]: Words in Sch. 8 para. 3(3) substituted (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(3)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/3)
[^key-a155efee9160c829423f220f55cc5f08]: Sch. 8 para. 3(4)(5) substituted for Sch. 8 para. 3(4)-(6) (with effect in accordance with s. 142(5) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 142(4)](https://www.legislation.gov.uk/ukpga/1996/8/section/142/4)
[^key-a4b672eac45f082f9ec786de1a9c662c]: Words in Sch. 8 para. 10(2) substituted (with effect in accordance with s. 134(2) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 20 para. 67](https://www.legislation.gov.uk/ukpga/1996/8/schedule/20/paragraph/67)
[^key-8ff0c9eb554f6deb9f28dee5217f7c51]: Sch. 9 para. 1A inserted (29.4.1996) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 40 para. 8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/40/paragraph/8)
[^key-53900688d4804d74a2924fa0389fe8ed]: Sch. 10 para. 14(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-10c45ae2339c8a2b4abc359020ab8b85]: Sch. 10 para. 14(29) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-cab1bd2981ca9323ee96983a37c14ec4]: Sch. 10 para. 14(57) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-274040fac8fc9577f91dd783053f0be3]: Sch. 10 para. 19(6) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-d2af9df92f6d53e27aca04a035d7326a]: Sch. 10 para. 22(4) repealed (with effect in accordance with s. 105(1) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 41 Pt. V(3)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/41/part/V/3) (with [Sch. 15](https://www.legislation.gov.uk/ukpga/1996/8/schedule/15))
[^key-39f20c9a2d8c938665a87d805de2cea9]: Word in Sch. 11 para. 7(1)(a) substituted (with effect in accordance with Sch. 38 para. 12(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [Sch. 38 para. 12(2)](https://www.legislation.gov.uk/ukpga/1996/8/schedule/38/paragraph/12/2)
[^key-eabfa5db8829270e684146e970001f87]: S. 237A inserted (with effect in accordance with s. 112(3) of the amending Act) by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 112(1)](https://www.legislation.gov.uk/ukpga/1996/8/section/112/1)
[^key-a3e0eaf523ad5197cad247df2998be00]: S. 171(1) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 2(2)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/2/2) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-3f5cc9c9882028d18e817dc31c07638a]: Sch. 2 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/5) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-8bdc39bdac9b96e454783349019bf3d6]: S. 179 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 6](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/6) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-f803d2ac1a5677655c2902d0bdfc6765]: Ss. 127-131 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(a)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/a) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-d42cb87d52ac191a8f14b80e75388082]: S. 116 excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 7(1)(b)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/7/1/b) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-9b3ddcfbaa783a692b5c45b4423e4413]: S. 30 modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1)
[^key-0f15f7d65a50e5815451bf49ea6d5443]: S. 30(5) excluded (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 9(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/3)
[^key-b2f18aac5e3bbb2b3880b119d1654e5d]: S. 23(4)(5) modified (24.7.1996) by [Broadcasting Act 1996 (c. 55)](https://www.legislation.gov.uk/ukpga/1996/55), [s. 149(1)](https://www.legislation.gov.uk/ukpga/1996/55/section/149/1), [Sch. 7 para. 10(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/1)[(3)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/10/3) (with [Sch. 7 para. 9(1)](https://www.legislation.gov.uk/ukpga/1996/55/schedule/7/paragraph/9/1))
[^key-82560af1f75e63558ace0c1d2a55ce27]: S. 219 substituted (1.10.1996) by [The Housing Act 1996 (Consequential Provisions) Order 1996 (S.I. 1996/2325)](https://www.legislation.gov.uk/uksi/1996/2325), [art. 1(2)](https://www.legislation.gov.uk/uksi/1996/2325/article/1/2), [Sch. 2 para. 20(2)](https://www.legislation.gov.uk/uksi/1996/2325/schedule/2/paragraph/20/2)
[^key-b03a22fcf06d05c38162e04651505dbf]: S. 3(2) sum amended (for the year 1997-98) by [The Capital Gains Tax (Annual Exempt Amount) Order 1996 (S.I. 1996/2957)](https://www.legislation.gov.uk/uksi/1996/2957), [art. 2](https://www.legislation.gov.uk/uksi/1996/2957/article/2)
[^key-f08767d1b3623c295ae3b70e40232eb8]: Act modified (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)(7)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-ba102739912fdac2e405d7b442fd9c9f]: S. 37 excluded (19.3.1997) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 12 para. 12(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/1)[(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/2)[(3)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/3)[(4)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12/4), [13](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13), [14](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14) (with [Sch. 12 para. 17](https://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/17))
[^key-eb4c470f1bb5e4a1d00f594650d043af]: Words in s. 116(2) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(4)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/4)
[^key-08d4c9060b7dc650d58ca69f9c11bedc]: Words in s. 132(3)(a) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(a)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/a)
[^key-20c6be0c7939196e751b6c08e58a21d9]: S. 132(3)(ia)(ib) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(2)(b)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/2/b)
[^key-91cf669111b35467695316553cb9cb39]: S. 132(4)(5) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(3)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/3)
[^key-5098e93cdd617b800fb8d37b1fbcb222]: Words in s. 251(6) inserted (with effect in accordance with s. 88(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 88(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/88/5)
[^key-664c9c0b31e845fe8c84f129699189c4]: S. 271(9) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/2), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-4d4c884cf99b808b26432c537cc69a0f]: Ss. 263B, 263C inserted (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 10 para. 5(1)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/10/paragraph/5/1); [S.I. 1997/991](https://www.legislation.gov.uk/uksi/1997/991), art. 2
[^key-9735a95c7c30443768e2053b808fb857]: Words in s. 283(2) substituted (with effect in accordance with s. 92(6) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [s. 92(5)](https://www.legislation.gov.uk/ukpga/1997/16/section/92/5)
[^key-906bea789a877c8b838b60d121bbfcca]: Sch. 10 para. 14(8) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-66107416e029071699b9827a7a22b8d0]: Sch. 10 para. 14(39) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-f4668620d82d309eec6f40b4bcd707c1]: Sch. 10 para. 14(61) repealed (with effect in accordance with Sch. 10 para. 7(1) of the amending Act) by [Finance Act 1997 (c. 16)](https://www.legislation.gov.uk/ukpga/1997/16), [Sch. 18 Pt. VI(10)](https://www.legislation.gov.uk/ukpga/1997/16/schedule/18/part/VI/10)
[^key-8b56dd37c73f85c4b30678732d7a145a]: S. 272 applied by Building Societies Act 1986 (c. 53), s. 102C(3) (as inserted (with effect in accordance with s. 2(2) of the amending Act) by [Building Societies (Distributions) Act 1997 (c. 41)](https://www.legislation.gov.uk/ukpga/1997/41), [s. 1(1)](https://www.legislation.gov.uk/ukpga/1995/4/section/1/1))
[^key-e26f2e078cbc76579aa9daa028f3e382]: S. 99(2)(c) added (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [20](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)
[^key-cec938f4faf0a0e09eb61ada58d887fe]: S. 272(5AA)(5AB) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [22(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/22/b)
[^key-b816c7c9b643f251909a2628fcc34d4a]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(a)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/a)
[^key-b4bd0967d01a62c88cd2d5a563af19e0]: Words in s. 288(8) inserted (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/1/1), [23(b)](https://www.legislation.gov.uk/uksi/1997/1154/regulation/23/b)
[^key-5ebd611491b3218e254d4fa58429490e]: S. 3(2) sum amended (for the year 1998-99) by [The Capital Gains Tax (Annual Exempt Amount) Order 1998 (S.I. 1998/757)](https://www.legislation.gov.uk/uksi/1998/757), [art. 2](https://www.legislation.gov.uk/uksi/1998/757/article/2)
[^key-b83eda6c2dcd32ee70868720a1184263]: S. 151 extended (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(7)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/7/b)
[^key-10f027456dfd7b9a777468a7c812ba00]: S. 104(1) restricted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(8)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/8/c)
[^key-cf37623b551ba3d892b0b7507d4f3a92]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/5)
[^key-e60eabb2815b7d7e9cd6e52a44508caa]: S. 86(1)(e) modified (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 4(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/4/1)
[^key-5c30ea87fa8f02636763506e5ebacb30]: Sch. 5 para. 8 applied (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/6)
[^key-688b840e4490cddabe9465b9ce2e6577]: S. 3(5)(5A)(5B)(5C) substituted for s. 3(5) (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 3](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/3)
[^key-f6fe080dff0b0df6826f650bd30d3097]: S. 5 repealed (with effect in accordance with s. 120(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(29)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/29)
[^key-058c64c81d09d5651487bea1150bd8f2]: Words in s. 9(3) substituted (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(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/2)
[^key-d192c8e0e25385a7fd7900ee77c7c9d8]: S. 10A 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(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/1)
[^key-4294e0f8b20a4f9d83e9c05abc62490a]: S. 13(11A) inserted (with effect in accordance with s. 122(6)(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 122(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/122/4)
[^key-86438b51ee3bc7b9bf578e8a5e0cc591]: Word in s. 39(1)(2) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-306c93810e859f38eace602fdb011024]: Word in s. 41(4)(5) substituted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/46/3/a), [Sch. 7 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/7/paragraph/7)
[^key-696ede83f30354a43a44f707df22df48]: S. 62(2A)(2B) inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 5](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/5)
[^key-6301ede26ff52f4784ebc0ea559ce41d]: Words in s. 76(1) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/a)
[^key-310e9f702c48c5084463062ab2c288dc]: S. 76(1A)(1B) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/b)[(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/2)
[^key-f1b8513cd8c0fd3d29dc0b5e2a634c83]: S. 76(3) inserted (with effect in accordance with s. 128(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 128(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/1/c)[(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/128/3)
[^M_C_633fd138-95d0-4e3b-8045-dadbce6f507f]: S. 86 modified (with effect in accordance with Sch. 23 paras. 1(1), 2(1)(5)(6), 3(1)(4)(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 paras. 1(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/1/2/3), [2(2)-(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/2/2), [3(2)(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/3/2/3)
[^key-0e9392a41b53e90e5e0c3449ebf4f226]: Word in s. 88(1)(a) inserted (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/a)
[^key-45afe211c1ddff5ffee875265d049cee]: S. 88(1)(c) and preceding word repealed (with effect in accordance with s. 130(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 130(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/130/2/b), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-cbba2c4a77b1cfb48dd9193d7c50a534]: S. 214C and cross-heading inserted (with effect in accordance with s. 121(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 21 para. 7](https://www.legislation.gov.uk/ukpga/1998/36/schedule/21/paragraph/7)
[^key-a141d3556167f8398d2182dbf049855b]: S. 96(9A)(9B) inserted (with effect in accordance with s. 127(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 127(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/127/3)
[^key-6016b4a0117664af4376644783b9a5ac]: Words in s. 97(1)-(5) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-c0de53c5e1f6d6a7132affdb7f5c3e51]: Words in s. 97(7)(8) substituted (with effect in accordance with s. 129(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 129(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/2)
[^key-0112e99caa2e0da794a57a451ab3cc71]: S. 86A inserted (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(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/129/1)
[^key-0a6c99907e785529597f2324a1dd5f0f]: S. 101(1B) inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/3)
[^key-71b7283be4cf9400c10deb7a84736406]: S. 101B inserted (with application in accordance with s. 134(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/2)
[^key-8e167f5c1f0026dc980511c036b872d1]: S. 101A inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/1)
[^key-4b2e157debafe842187ad51d7dea2a1e]: Words in s. 104(3) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/3)
[^key-d8caf87165bd547e5f5ffdff1a9948d2]: S. 104(4) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/4)
[^key-229c2e7eaa703203d820938d2b9e3b0c]: Words in s. 104(6) substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-c34ec802dc7847817ef916696fa36709]: Words in s. 105(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-a4c02851654be37becd39c7fa6d60f50]: S. 105(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/2)
[^key-58e7f2aa102c1f8acdacfb167c4704e0]: S. 107(1)(1A)(2) substituted for s. 107(1)(2) (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/3)
[^key-5e7759f21313b48fb0588d083e73fbca]: Words in s. 107 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-3b7029b9493ac37a108caa1f87ec1ca0]: S. 108(A1) inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/4)
[^key-7ff0f2a811892243310774815422f4a1]: Word in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-72f8a5aaa628f5680be6a0fb7a20670a]: Word in s. 108(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/a)
[^key-acd5760c0959e86e8b0a61b552d5de28]: Words in s. 108(2) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/5/b)
[^key-66bbdc818031926b72fb4650d4196344]: Words in s. 110 substituted (with effect in accordance with s. 123(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 123(5)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/123/5/b)
[^key-842aebaf8bcecd12d832025b67b7eab2]: Words in s. 110(1) substituted (with effect in accordance with s. 125(4)(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 125(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/125/1)
[^key-2df9dccf59d97666a0ebaff2b721ef4b]: S. 120(5A)(5B) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/2)
[^key-313c29928f08d78159c5bf32dc4d5c03]: S. 120(8) inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/4)
[^key-06422d9c451df6387354f953ec940b13]: S. 149B inserted (with effect in accordance with s. 54(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 54(5)](https://www.legislation.gov.uk/ukpga/1998/36/section/54/5)
[^key-4d9d8b56cb199177e618aae78e4ace63]: Words in s. 139(4) inserted (with application in accordance with s. 134(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 134(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/134/1)
[^key-e47bc243e9ec61cf00db99eb42ab4ee5]: Words in s. 150(4)(a) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/a)
[^key-5b2d1c3309fe57c86e520cf93e5ed8f2]: Word in s. 150(4)(a) inserted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/1/b)
[^key-77c00be9e3670f3829b42b8c4ce57bcd]: Words in s. 150(5) substituted (with effect in accordance with Sch. 13 para. 42(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/2)
[^key-61b42e611550029998785b90f979a678]: Words in s. 150(7) substituted (with effect in accordance with Sch. 13 para. 42(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/3)
[^key-814522af4625aa82409ea11217aa1da7]: Word in s. 150(8) repealed (with effect in accordance with Sch. 13 para. 42(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/4), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-8e51fe7bdd7cf5c7793a226df382a050]: Word in s. 150(8A)(a) repealed (with effect in accordance with Sch. 13 para. 42(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-9417ac70f949e29122a79726d3330b71]: S. 150(8D) inserted (with effect in accordance with Sch. 13 para. 42(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/6)
[^key-f8c5a71976f2b0272ef6807c10990cb6]: S. 150(12) inserted (with effect in accordance with Sch. 13 para. 42(8)(f) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 42(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/42/7)
[^key-8600e284c38b9555b5be99c9840658d6]: Word in s. 150A(1) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-0e581e3263a23384ee30d7d04fb4b70b]: Word in s. 150A(2) repealed (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-db4a38f2be9fd387d41eff463e97d986]: Words in s. 150A(4)(a) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/2)
[^key-0b5f8b05268df285c6d712193ba920f0]: Words in s. 150A(5) substituted (with effect in accordance with Sch. 13 para. 24(8)(a) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/3)
[^key-a56c0d7f9494c814515bccc5db7a911f]: S. 150A(6)(6A) substituted for s. 150A(6) (with effect in accordance with Sch. 13 para. 24(8)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(4)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/4)
[^key-9e266218ec5cb96cda219444b30bf4c2]: Word in s. 150A(8A)(a) repealed (with effect in accordance with Sch. 13 para. 24(8)(c) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/5), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-27be677a57130635b0f0bbdc9fb48e70]: S. 150A(8D) inserted (with effect in accordance with Sch. 13 para. 24(8)(d) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(6)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/6)
[^key-2592eb7341aa57f73a97d722877f2545]: S. 150A(10A) inserted (with effect in accordance with Sch. 13 para. 24(8)(e) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 24(7)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/24/7)
[^key-7293445297c737ce098aa2f9741fada8]: Word in s. 150B(1) repealed (with effect in accordance with Sch. 13 para. 25(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 25(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/25/1), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-de26f86c17c672ef6058edd6be3ed10a]: Word in s. 151B(1) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-b27b8044094698b96edc6e608d175332]: Word in s. 151B(7) substituted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(6)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/6)
[^key-45edb600db4fd7b9ace5d885a76619b4]: S. 156(4) substituted (with effect in accordance with s. 41(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 41(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/41/2) (with [art. 41(4)-(7)](https://www.legislation.gov.uk/ukpga/1998/36/article/41/4))
[^key-7cba00da19ac37df385cec145f2ff4e3]: Words in s. 157 substituted (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/3)
[^key-e968fa1bc7dc3218e42edd3666c9629b]: S. 163 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/a), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-a52f8acb1d64b9d2b509972c455e850c]: S. 164 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2), Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/b), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-5f41f60e59bca3dc07666f432e81b129]: Sch. 6 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with s. 140(2) of, Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(2)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/2/c), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31) (with s. 140(1))
[^key-4b81c00871ee9253121c627a14e2c7bf]: S. 165(8)(a)(aa) substituted for s. 165(8)(a) (with effect in relation to the year 2003-04 and subsequent years of assessment in accordance with s. 140(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 140(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/140/4)
[^key-bd366962c5cd0fa26cdd28560135ad8f]: Words in s. 165(6) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-61cb07b69343e7159c140997c15cd484]: S. 165(3)(a)(b) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-9eba79feed9fb7c6b9120b6b23500179]: S. 170(9)(cc) inserted (with application in accordance with s. 136(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/1)
[^key-5b8b87ef68668585d7136b0bdc8b6269]: S. 171(2)(cd) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/2)
[^key-13985841fccb45b789fa36423756eb71]: S. 171(5) inserted (with application in accordance with s. 136(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 136(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/136/3)
[^key-78930e50c2cd97b52f2d3943016da536]: S. 171(2)(cc) inserted (with application in accordance with s. 135(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/1)
[^key-0ecc444880639bc85cac45e21f7829b4]: S. 179(2C) inserted (with application in accordance with s. 133(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 133(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/133/2)
[^key-feb5e283ee94037c0fbaf60d3b4f97c9]: S. 179(2D) inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/3)
[^key-fbf60d95c5d42af6573244b1a1f9532d]: Words in s. 179(2B)(b) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/a)
[^key-87a473aba36ba7b06c2259d61c3541fc]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/b)
[^key-756eef0255bbf3e223057f2cdc15069c]: Words in s. 179(2B)(c) substituted (with effect in accordance with s. 139(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 139(1)(c)](https://www.legislation.gov.uk/ukpga/1998/36/section/139/1/c)
[^key-d0a2e9812f6ade3e45855813efb9b9b3]: Words in s. 213(3) inserted (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/a)
[^key-59def5d760dd43b2b678122928c794d6]: S. 213(3)(ca) substituted for word at end of s. 213(3)(c) (with effect in accordance with s. 137(6) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(3)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/3/b)
[^key-e7a1a6c6f4fd5365ae857b0089504dcf]: S. 177B and cross-heading inserted (with effect in accordance with s. 137(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 137(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/137/1)
[^key-bba9cafde7ac8fa5de0308caf2faa2b6]: S. 241(3)(a) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 62](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/62) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-9c21217cb19842d5a99db20569c1f7f2]: Ss. 254, 255 repealed (with effect in accordance with s. 141(2)(b) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/b), [Sch. 27 Pt. III(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-e6441bbeb1536f5ddd0daa282d343a1f]: Pt. 5 Ch. 1A repealed (with effect in accordance with s. 141(2)(a), Sch. 27 Pt. 3(32) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 141(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/141/1/a), [Sch. 27 Pt. 3(32)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/32)
[^key-4acf33256950833b00384720a0bec6b0]: S. 258(8A) inserted (with effect in accordance with Sch. 25 para. 9(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 25 para. 9(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/25/paragraph/9/1)
[^key-d2cc96ed0d5390232815d0df4cce95b1]: S. 258(1) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-dcc966618809f8af4fb8a0a3e2e30373]: S. 260(2)(b)(ii) repealed (with effect in accordance with Sch. 27 Pt. IV of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. IV](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/IV)
[^key-2bb76583cf5566f9c83db58f54e561e9]: Words in s. 260(5) repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-4b8eb04c765b463f7235e4d25e8f248d]: Sch. 5 para. 2(3)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/a)
[^key-ae13bbf7a3a0e43ac0aa6191609e948c]: Word in Sch. 5 para. 2(3)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/1/b)
[^key-d5f8c24556715384465684d3e8c48aa6]: Sch. 5 para. 2(7) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 131(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/131/2)
[^key-d7287cba71aeae2472ebd3f2609ee3fe]: Words in Sch. 5 para. 2(1) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/1)
[^key-0fcbfba3ee8b54cb7c939653a54a6b18]: Sch. 5 para. 2A and cross-heading inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 2(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/2/2)
[^key-42dddb83fabe3ee8c823f1391a8ac98b]: Word in Sch. 5 para. 4(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-bacecf42290bb70f157c26a8ede5fcf6]: Words in Sch. 5 para. 4(4)(b) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/a)
[^key-c4e8d1051b3f557513bd1b06547db329]: Words in Sch. 5 para. 4(4) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/2/b)
[^key-afa96dcaa701fdc4514792ad91f7ce99]: Word in Sch. 5 para. 5(1)(a) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 3(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/3/1)
[^key-026de06b43c1c81bc6412c1edcf9cbda]: Sch. 5 para. 9(7)(da)(db) inserted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/a) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-accc2c4146206248ad72fb457036e08e]: Word in Sch. 5 para. 9(7)(e) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/1/b) (with [Sch. 22 para. 4(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/3))
[^key-047c2fb6b26414f64afc7804d3f04f67]: Sch. 5 para. 9(11) substituted (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 4(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/4/2)
[^key-39681f8486f79affd67a1219bfe22743]: Sch. 5 para. 9(1A)(1B) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/1)
[^key-28d2d4374ec027f1702d61de10c205c6]: Sch. 5 para. 9(6A) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(3)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/3)
[^key-d27531600ce5d03339e03198c0274758]: Sch. 5 para. 9(10A)-(10D) inserted (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 132(4)](https://www.legislation.gov.uk/ukpga/1998/36/section/132/4)
[^key-a76759799bcee41425e6868dbde8a06d]: Sch. 5 para. 9(10A)(a) applied (with modifications) (31.7.1998) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 23 para. 6(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/23/paragraph/6/3)
[^key-5c705c8538092649543ca0a8db51c771]: Sch. 5 para. 9(2) repealed (for the purpose of determining whether any settlement is a qualifying settlement in the year 1999-00 or any subsequent year of assessment) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), s. 132(2), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-7ee9e8eaaee5e3487fc8b9febda66d2b]: Sch. 5 para. 9(8) repealed (with effect in accordance with s. 131(4) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(30)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/30)
[^key-f8565e066e64b3a4096a354b1fd950d4]: Words in Sch. 5A para. 2(1)(a) substituted (with effect in accordance with s. 131(4) of, Sch. 22 para. 5(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 22 para. 5(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/22/paragraph/5/1)
[^key-47acf7650e77aaeac1a6bf36b8830c1f]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/1)
[^key-7208e46bbffb1760470495709d2a61f9]: Sch. 5B para. 1(2)(3) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 27(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/27/2)
[^key-a488163a5cb10a891fcac471ac52ea97]: Sch. 5B para. 1A and cross-heading inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 28](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/28)
[^key-68935aa69693842eb72420fea4763c00]: Sch. 5B paras. 7-9 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 34](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/34)
[^key-38daf46965a8e0deaa7003d2ae4fc0f1]: Sch. 5B paras. 10-15 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 35](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/35)
[^key-7a8154554ea3e69a5962ed520c3df0a2]: Sch. 5B paras. 16-19 and cross-headings inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 36](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/36)
[^key-794008056aefc2c0e29aa4bc60a32a14]: Sch. 5B para. 2(3)(a) substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 29](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/29)
[^key-2421f2a28cb7bcceece81d566a59e390]: Sch. 5B para. 3(1)(e) and preceding word substituted for Sch. 5B para. 3(1)(e)(f) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(1)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/1/b)
[^key-078505e4af771fb733feba6cffb6f530]: Sch. 5B para. 3(2) repealed (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/2), [Sch. 27 Pt. III(14)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/14)
[^key-373b4fd5ee2577e1ad79b998df404ae3]: Sch. 5B para. 3(6) inserted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 30(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/30/3)
[^key-b67e06031bda8b6f2b29f11e55c98789]: Sch. 5B para. 4(2)-(4C) substituted for Sch. 5B para. 4(2)-(4) (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(1)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/1)
[^key-7dddd959cf60bf6257ab5f7959d7e66e]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with Sch. 13 para. 31(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 31(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/31/2)
[^key-b65ba3f53ed521698a2b41a671503c1d]: Sch. 5B para. 5(1)(c) and preceding word substituted for Sch. 5B para. 5(1)(c)(d) (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 32](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/32)
[^key-913ee216537fff03b0122dd35323085c]: Sch. 5B para. 6 and cross-heading substituted (with effect in accordance with s. 74(3) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 13 para. 33](https://www.legislation.gov.uk/ukpga/1998/36/schedule/13/paragraph/33)
[^key-d8676cbbf4b1c3f8af860d0a9b37c880]: Sch. 7 para. 8 repealed (with effect in relation to disposals in the year 2003-04 and subsequent years of assessment in accordance with Sch. 27 Pt. III(31) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(31)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/31)
[^key-295142c89d6508a587f0e728e8d85e25]: Words in Sch. 8 para. 5(1)(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(a)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/a) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-e2afc6cf8b8eb1395cf6086a720226a6]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(2)(b)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/2/b) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-f84a1ec33aa7d6640f9edc0449465515]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(3)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/3) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-34ad70684568f86599cd4f4da72e6e26]: Sch. 8 para. 7A substituted (with effect in accordance with s. 38 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 5 para. 63(5)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/63/5) (with [Sch. 5 para. 73](https://www.legislation.gov.uk/ukpga/1998/36/schedule/5/paragraph/73))
[^key-435f05c9dc71029c6ed9bc2fc0e0b302]: Sch. 10 para. 14(15) repealed (with effect in accordance with Sch. 3 of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [Sch. 27 Pt. III(2)](https://www.legislation.gov.uk/ukpga/1998/36/schedule/27/part/III/2)
[^key-41f65cdfbd6d55d70cd59074453f59b5]: S. 101C inserted (with application in accordance with s. 135(5) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 135(2)](https://www.legislation.gov.uk/ukpga/1998/36/section/135/2)
[^key-f9c045092261d6d9e08ae94dea017baa]: S. 106A inserted (with effect in accordance with s. 124(7) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 124(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/124/1) (with s. 124(8))
[^key-10991ce786151d17bd0d5ba97d3b168a]: S. 142 substituted for ss. 141, 142 (with application in accordance with s. 126(2) of the amending Act) by [Finance Act 1998 (c. 36)](https://www.legislation.gov.uk/ukpga/1998/36), [s. 126(1)](https://www.legislation.gov.uk/ukpga/1998/36/section/126/1)
[^key-c9715726df2f0cfa77ee85ceffbcc5cf]: Ss. 104-114 modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(2)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/2) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-916ba176b2d8c336a679b39f7b413d64]: S. 106A modified by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), [reg. 27(3)](https://www.legislation.gov.uk/uksi/1989/469/regulation/27/3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), [regs. 1(1)](https://www.legislation.gov.uk/uksi/1998/1869/regulation/1/1), [12](https://www.legislation.gov.uk/uksi/1998/1869/regulation/12))
[^key-ffcc932369aa9c7db71aa422068348ed]: Ss. 127-131 restricted by [The Personal Equity Plan Regulations 1989 (S.I. 1989/469)](https://www.legislation.gov.uk/uksi/1989/469), reg. 27(3) (as substituted (with effect in accordance with reg. 1(3) of the amending S.I.) by [S.I. 1998/1869](https://www.legislation.gov.uk/uksi/1998/1869), regs. 1(1), 12)
[^key-933373ac8702f568a41ba91e17963fbe]: Words in s. 218(3) substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 78](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/78); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7997393349525960704efa2987b06117]: Words in s. 218 heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-7a4e502c85426e730ba92096d5704f2d]: Words in s. 219(2) substituted (1.11.1998) by virtue of [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 79](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/79); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-62975fb9c0a4757f3a4b20d9de8fa0b4]: Words in s. 218 cross-heading substituted (1.11.1998) by [Government of Wales Act 1998 (c. 38)](https://www.legislation.gov.uk/ukpga/1998/38), [ss. 140](https://www.legislation.gov.uk/ukpga/1998/38/section/140), [158(1)](https://www.legislation.gov.uk/ukpga/1998/38/section/158/1), [Sch. 16 para. 80](https://www.legislation.gov.uk/ukpga/1998/38/schedule/16/paragraph/80); [S.I. 1998/2244](https://www.legislation.gov.uk/uksi/1998/2244), art. 5
[^key-96e8f6534b9cdc5c76f4338577066d25]: S. 263A(1) modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [14-18](https://www.legislation.gov.uk/uksi/1998/3177/regulation/14)
[^key-b619c958d940b7b5a605c838d13b54b2]: S. 263B modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [22(2)](https://www.legislation.gov.uk/uksi/1998/3177/regulation/22/2)
[^M_C_f69b2a20-491c-411e-af59-0820b8e4abc3]: Pt. IV Ch. II modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), regs. 1, 39
[^M_C_12116e01-a7ca-4236-e993-a4eaae3b0ca7]: Act modified (1.1.1999) by [The European Single Currency (Taxes) Regulations 1998 (S.I. 1998/3177)](https://www.legislation.gov.uk/uksi/1998/3177), [regs. 1](https://www.legislation.gov.uk/uksi/1998/3177/regulation/1), [36-39](https://www.legislation.gov.uk/uksi/1998/3177/regulation/36)
[^key-f621f92efbd623e23536e33d3a075918]: Words in s. 196(5) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(3)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-c7e2f434756485f265efc8bb39552b33]: Words in Sch. 3 para. 7(2)(c) substituted (15.2.1999) by [Petroleum Act 1998 (c. 17)](https://www.legislation.gov.uk/ukpga/1998/17), [s. 52(4)](https://www.legislation.gov.uk/ukpga/1998/17/section/52/4), [Sch. 4 para. 32(4)](https://www.legislation.gov.uk/ukpga/1998/17/schedule/4/paragraph/32/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/1998/17/schedule/3)); [S.I. 1999/161](https://www.legislation.gov.uk/uksi/1999/161), art. 2(1)
[^key-06f5c90b9a243710276586289090046c]: S. 3(2) sum amended (for the year 1999-2000) by [The Capital Gains Tax (Annual Exempt Amount) Order 1999 (S.I. 1999/591)](https://www.legislation.gov.uk/uksi/1999/591), [art. 2](https://www.legislation.gov.uk/uksi/1999/591/article/2)
[^key-267c3c03005c11d549e2de592099e7e6]: S. 213 modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Insurance Companies (Capital Redemption Business) (Modification of the Corporation Tax Acts) Regulations 1999 (S.I. 1999/498)](https://www.legislation.gov.uk/uksi/1999/498), [regs. 1](https://www.legislation.gov.uk/uksi/1999/498/regulation/1), [11(2)](https://www.legislation.gov.uk/uksi/1999/498/regulation/11/2)
[^key-4debebd141be9e36e89de033f1cc8e32]: Words in s. 155 added (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Fish Quota) Order 1999 (S.I. 1999/564)](https://www.legislation.gov.uk/uksi/1999/564), [arts. 1(1)](https://www.legislation.gov.uk/uksi/1999/564/article/1/1), [3](https://www.legislation.gov.uk/uksi/1999/564/article/3)
[^key-7b41b1063d85b2c19b112f99600cc435]: S. 106A modified (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(3)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/3)
[^key-998e95bfbda90e55ce07a546b2811157]: Ss. 127-131 restricted (6.4.1999) by [The Individual Savings Account Regulations 1998 (S.I. 1998/1870)](https://www.legislation.gov.uk/uksi/1998/1870), [regs. 1](https://www.legislation.gov.uk/uksi/1998/1870/regulation/1), [34(4)](https://www.legislation.gov.uk/uksi/1998/1870/regulation/34/4)
[^key-5346756a32676df16c7c1c51191705bc]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(7)-(11)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/7) (as inserted (with effect in accordance with [s. 65(8)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/8) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/7))
[^key-0356d437dd6f52615e9559086dd13b18]: S. 117(2AA) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-b342e8b1663cbfa82693f97f1524b747]: S. 251(8) modified (27.7.1999) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 65(11)](https://www.legislation.gov.uk/ukpga/1999/16/section/65/11)
[^key-adc630130ff9d99254eb48b990336aae]: S. 116 modified (with effect in accordance with s. 66(1) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 66(2)](https://www.legislation.gov.uk/ukpga/1999/16/section/66/2)
[^key-4093193869c310903fc4ac8b0401dc40]: S. 170 applied (with effect in accordance with s. 81(12) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 81(7)](https://www.legislation.gov.uk/ukpga/1999/16/section/81/7)
[^key-e2f809b66583bbe3f676cc2fbc9cd095]: S. 179 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4), [4(2)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/2)
[^key-ad9e7244d177f2ebc02e60309f723583]: S. 185 excluded (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [3(4)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/3/4)
[^key-c42008dae329e95a470c4862d376625e]: Ss. 170-192 restricted (27.7.1999) by [Commonwealth Development Corporation Act 1999 (c. 20)](https://www.legislation.gov.uk/ukpga/1999/20), [Sch. 3 paras. 1](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/1), [4(1)](https://www.legislation.gov.uk/ukpga/1999/20/schedule/3/paragraph/4/1)
[^key-1e400b2b8bdfb22e5eeef8cb98a8c72c]: S. 71(2)-(2D) substituted for s. 71(2) (with application in accordance with s. 75(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 75(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/75/1)
[^key-39999b6afc12dbd0d7698d131d630d2c]: Words in s. 155 inserted (with application in accordance with s. 84(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 84(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/84/1)
[^key-f14d456bfde0decd505afd6ca146a70f]: S. 193 repealed (with effect in accordance with s. 103(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 103(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/103/1), [Sch. 20 Pt. IV(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/IV/2)
[^key-c684e9ab8e75c28388859a804dd7fa4f]: Words in s. 222(8)(a) repealed (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/2), [Sch. 20 Pt. III(7)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/7)
[^key-5b713a4c6e02eefe6a425f163ae487a8]: S. 222(8A)-(8D) inserted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/3)
[^key-34361f8c3051057f901835af5d7c4dd2]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/a)
[^key-b74c126f1f3a95f0a0bcd49e0d0ed516]: Words in s. 222(9) substituted (with effect in accordance with Sch. 4 para. 18(4) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 4 para. 17(4)(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/4/paragraph/17/4/b)
[^key-301240805bfd86bcb0901cbde2dd6285]: Words in Sch. 5B para. 2(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-fb754a0e87e9a020cfec6e64a163bd25]: Words in Sch. 5B para. 2(4) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(a)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/a)
[^key-af625b8adf62e15e5f20e932122f9b24]: Words in Sch. 5B para. 2(2)(3) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(b)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/b)
[^key-b8deab97154bb9e39c9ae4a90c66eda0]: Words in Sch. 5B para. 2(2)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(c)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/c)
[^key-e23e197c66b09aff7cbd2ee1a71d89f3]: Words in Sch. 5B para. 3(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-677d8a6a994627a9d3e2e80b426b6bb2]: Words in Sch. 5B para. 3(5)(a)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(d)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/d)
[^key-5d669765fa68ca84631f448befe09c74]: Words in Sch. 5B para. 4(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-b7f4867d4298e7a7a379ba8ad7cdbbc3]: Words in Sch. 5B para. 4(5) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(e)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/e)
[^key-937ebd8d4b6f2d2cd3183264500ea8c2]: Sch. 5B para. 4(1)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/1)
[^key-5c0b65b35647963f388566f3f8ec8557]: Sch. 5B para. 4(5)(a) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/2)
[^key-38c7feae5820faa3ae12872dc4700e38]: Sch. 5B para. 4(6)(7) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/2/3)
[^key-822f1f6ce26dfc9a28cc8af5ee77943b]: Words in Sch. 5B para. 4(5)(b) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(f)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/f)
[^key-9dfe020f6cd27bffcc818b671979f56e]: Words in Sch. 5B para. 5(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(g)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/g)
[^key-281f960c2693476929d9089b0f94dba9]: Words in Sch. 5B para. 6(1) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(h)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/h)
[^key-0441bf4266c82cac6bb5bdf148906e4c]: Words in Sch. 5B para. 16(1)(2) substituted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 4(i)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/4/i)
[^key-5c24d7ed743c629317ebd21adb5c1385]: Words in Sch. 5B para. 19 repealed (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(1)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/1), [Sch. 20 Pt. III(18)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/20/part/III/18)
[^key-6aad2189750abbe226abd8cfa31e9b53]: Sch. 5B para. 19(1A)-(1E) inserted (with effect in accordance with s. 73(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/1999/16/schedule/8/paragraph/3/2)
[^key-00d1233d9ae151b4d3fdbaa5421a57f1]: Ss. 284A, 284B inserted (with effect in accordance with s. 76(2) of the amending Act) by [Finance Act 1999 (c. 16)](https://www.legislation.gov.uk/ukpga/1999/16), [s. 76(1)](https://www.legislation.gov.uk/ukpga/1999/16/section/76/1)
[^key-b7b353e028972a5162af24d7f62a75f6]: S. 271 extended (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 419(1)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/1)[(2)(b)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/2/b), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-9a294e15173b9110db3e08e6697ac85d]: Ss. 170-181 restricted (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [ss. 419(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/419/3), [425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), art. 2
[^key-a7aa36fdad2968d8e9cb739e91bc01e6]: Act modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [Sch. 33 paras. 2](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/2), [8](https://www.legislation.gov.uk/ukpga/1996/8/schedule/33/paragraph/8); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/ukpga/1999/16/article/2)
[^key-437fd1ce81e679feb310fb9a6527801a]: S. 179 modified (12.1.2000) by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 425(2)](https://www.legislation.gov.uk/ukpga/1999/29/section/425/2), [Sch. 33 paras. 3](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/3), [9](https://www.legislation.gov.uk/ukpga/1999/29/schedule/33/paragraph/9); [S.I. 1999/3434](https://www.legislation.gov.uk/uksi/1999/3434), [art. 2](https://www.legislation.gov.uk/uksi/1999/3434/article/2)
[^key-f77ae67f56d365bbb7393cd3eb8ffdaa]: S. 3(2) sum amended (for the year 2000-01) by [The Capital Gains Tax (Annual Exempt Amount) Order 2000 (S.I. 2000/808)](https://www.legislation.gov.uk/uksi/2000/808), [art. 2](https://www.legislation.gov.uk/uksi/2000/808/article/2)
[^key-dc0aaa2dbade19fa4572aecd6c566350]: S. 229(1)(3) excluded (with effect in relation to a disposal of shares, or an interest in shares, made on or after 6.4.2001) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 54](https://www.legislation.gov.uk/ukpga/2000/17/section/54)
[^key-4f906037c4a09e9c151531bf02d9a0b4]: Ss. 127-130 excluded (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 14 para. 58](https://www.legislation.gov.uk/ukpga/2000/17/schedule/14/paragraph/58)
[^key-dfb349168c5ecdfab9fc8fc9e26c245e]: S. 30 applied (with modifications) (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 71(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/71/3)
[^key-879bb435fa23bd0c6a0c28e445af2fac]: S. 10 extended (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 79(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/79/5)
[^key-09d636324ff6ffc844cee5699f3872d3]: S. 116 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-cfafcb1962aaa9f7b9f086bf460963fc]: S. 127 applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 80(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/80/1)
[^key-dccfeacff0ca82936b5aa29f3057091a]: S. 116(10) excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/2)
[^key-b51d7d3fe7d45eb0ac1bc7d747400bfb]: Ss. 127-130 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 81(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/81/1)
[^key-4abb60a84cbfbbcb4d15dc7fb0701093]: Ss. 135, 136 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 82](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/82) (with [s. 84](https://www.legislation.gov.uk/ukpga/2000/17/section/84))
[^key-08368daadb478ff18210812f31fa1adf]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 84(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/84/2) (with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/84/1))
[^key-c1f56610099096463cc37c7e7a127c22]: S. 116 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-2b70ecfdb53c2ddf25b34251b94328ea]: Pt. IV Ch. II modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 88](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/88)
[^key-8a27b6fc0dfd32c7d9cb901fb610a0bc]: Ss. 104-106 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-5ef69125da285adf521eea6f27e9d1ea]: S. 107 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/6)
[^key-d840d09ce76a60c94b0cbcb47128a749]: S. 127 modified (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 93(7)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/93/7)
[^key-365d0973a5276c11a0feb3ffcf4f53d0]: Act applied (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 15 para. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/1)[(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/15/paragraph/96/2)
[^key-f0c6880dce83b02a9c59b868aa36d8c5]: Ss. 152, 153 excluded (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 22 para. 67](https://www.legislation.gov.uk/ukpga/2000/17/schedule/22/paragraph/67)
[^key-70bb7609c6a60bbbde1f1088902cd1f9]: S. 14(2) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-39606507047dc49a00ecf0ba520fe7f5]: Words in s. 14(3) substituted (with effect in accordance with Sch. 29 para. 16(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-0529da3d432e81a018f63f5df254cf6a]: Words in s. 14(4)(b) repealed (with effect in accordance with Sch. 29 para. 16(5), Sch. 40 Pt. 2(12) Note 2 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 16(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/16/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ba74702eca2448b93bd5801b6e1b7363]: S. 25(3A) inserted (with effect in accordance with Sch. 29 para. 6(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6eb656edb25408619bb42420f433cd43]: S. 25(4) repealed (with effect in accordance with Sch. 29 para. 6(5), Sch. 40 Pt. 2(12) Note 3 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 6(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/6/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9012435f82a40b34d55b406f4a3dc178]: S. 41(8) added (with effect in accordance with Sch. 29 para. 12(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 12(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/12/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b367c5932e7bdcd90a30aa4f4e6e9611]: Words in s. 85(2) substituted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/2)
[^key-38f95f8347db5f32035ec6f33410842b]: Words in s. 85(5) inserted (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/3)
[^key-b083a61ddbabe5dad239163961488efc]: S. 85(10)(11) added (with effect in accordance with s. 95(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 95(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/95/4)
[^key-3ed2d26e9f7acfd8f1a66ce6fa24b7b9]: Words in s. 96(1)(2) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/3)
[^key-ba2018bc38cebfc7f0f57f14851bd377]: Words in s. 96(5) omitted (with application in accordance with s. 96(2) of the amending Act) by virtue of [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 96(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/96/1)
[^key-1c0d6767db2c154b387c6bccce179836]: Words in s. 97(1) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-e265f1a62745ba2564ff92516e8089e5]: Words in s. 97(3)(a) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-b737196adc69a140c034b7be35b9c56b]: Words in s. 97(4) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-c5c1a1cfdc510ceb554657079bb10ee5]: Words in s. 97(7) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(a)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/a), [Sch. 26 para. 4(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/a)
[^key-463d4507ff8604b5e9a3ba5b1eed8d7f]: Words in s. 97(5) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/5)
[^key-a9d0b93a91d3c56901ad731e7762273d]: Words in s. 97(8) inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 4(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/4/8)
[^key-aa617e491d213808596398f2ddf01d4b]: S. 98(3) added (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)(b)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4/b), [Sch. 26 para. 5](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/paragraph/5)
[^key-9922eb951eee72c31d7eaabc99e37a7c]: S. 76A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/1)
[^key-0777a9d9f954dc1caec5597f14f8332f]: S. 76B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/1)
[^key-1dbdd0ff47b72eb8f83ad80bbaae49a4]: Sch. 4A inserted (with application in accordance with s. 91(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 91(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/91/2), [Sch. 24](https://www.legislation.gov.uk/ukpga/2000/17/schedule/24)
[^key-0db68eb140b277f1c5da0b5be05cf4d5]: Sch. 4B inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/2), [Sch. 25](https://www.legislation.gov.uk/ukpga/2000/17/schedule/25)
[^key-54d05399549147160740abd0441401d1]: Sch. 4C inserted (with effect in accordance with s. 92(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 92(4)](https://www.legislation.gov.uk/ukpga/2000/17/section/92/4), [Sch. 26 Pt. I](https://www.legislation.gov.uk/ukpga/2000/17/schedule/26/part/I)
[^key-0aa080b5b119f78b603554bb691dba0a]: Sch. 7C inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/2), [Sch. 9](https://www.legislation.gov.uk/ukpga/2000/17/schedule/9)
[^key-a98adc2626a437c81d0ef4557743875c]: Words in s. 116(11) substituted (with effect in accordance with Sch. 29 para. 19(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 19(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/19/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5758721aea7dc4f32f8835ebb5728612]: S. 139(1)(b) substituted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-b4c885c4e227dab88988dcd8df591f85]: S. 139(1A) inserted (with effect in accordance with Sch. 29 para. 5(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 5(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/5/3) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d774c2071919a34820f457acca435c70]: Words in s. 140(6)(b) substituted (with effect in accordance with Sch. 29 para. 23(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 23(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/23/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5a9b86c4942d2448f99e910386b9d33b]: Words in s. 165(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/1)
[^key-dc88bc011c3dbd19bd44066552633bb1]: Words in s. 165(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-494c5aed6afdc82d2980a7efecc91887]: S. 170(2)(a) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/a), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d7bcf3030e7837b885589c74b7a71e4d]: Words in s. 170(9)(b) repealed (with effect in accordance with Sch. 29 para. 1(2), Sch. 40 Pt. II(12) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 1(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/1/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ac7a6296595a344691f97e098b291ce0]: S. 171(1)(1A) substituted for s. 171(1) (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_7c164997-1bb5-4630-b013-2a564d7bd8a6]: Words in s. 171(2)(a) substituted (with effect in accordance with Sch. 29 para. 2(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), Sch. 29 para. 2(3)(a) (with Sch. 29 para. 46(5))
[^M_F_b0425073-810f-4c54-c8b0-a41f219afb0a]: Words in s. 171(2) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_55adb570-8d97-412d-c2cd-5d972766337f]: Words in s. 171(3) substituted (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_c4372e9f-1b89-4081-d106-22ec83a0ca02]: S. 171(6) added (with effect in accordance with [Sch. 29 para. 2(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 2(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/2/5) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8e9440f611be5b37dd5f45582bbf2636]: S. 172 repealed (with effect in accordance with Sch. 29 para. 3(2), Sch. 40 Pt. 2(12) Note 5 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 3(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/3), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97394912723dc31b561bd08ad4f468c3]: Words in s. 174(4) substituted (with effect in accordance with Sch. 29 para. 13(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/2) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-595c62fa3b89192c365eee9f4b463c01]: S. 174(5) repealed (with effect in accordance with Sch. 29 para. 13(4), Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 13(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/3), Sch. 40 Pt. II(12) (with [Sch. 29 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/13/5), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_9e25f256-54ff-4544-ed2c-c358092b0bbd]: S. 174(1)-(3) repealed (with effect in accordance with Sch. 40 Pt. II(12) Note 6 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-97bc5e9a9de9983c4be7cd6aa52f75c2]: Words in s. 175(1) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/2) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-af0bab03b4d5cc2b61e97db4e23fa6fd]: S. 175(1A) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/3) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24af986d15aa54e276e49ba96e5d7e33]: S. 175(2A)(ba) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/4) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-aaa69873045a081b0fc7b15af89d3e48]: S. 175(2AA) inserted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/5) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-62d54c5ad4dc4243fa6aec63771723ce]: S. 175(3) substituted (with effect in accordance with Sch. 29 para. 10(7) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 10(6)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/6) (with [Sch. 29 paras. 10(8)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/10/8), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^M_F_0fcf726e-25fb-4ef2-a86f-c88dc0e0643b]: S. 173 substituted (with effect in accordance with Sch. 29 para. 11(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 11(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/11/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-36a1a766bc5a779e5c503020e8bcbda4]: S. 176(7)(c) and preceding word repealed (with effect in accordance with Sch. 29 para. 24(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/24/1), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-3a8eaf5bbf90e388af1c455a69c571c1]: Words in s. 177(2) substituted (with effect in accordance with Sch. 29 para. 25(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 25(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/25/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-706ddd723a8e450228340057d87da481]: S. 178 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 26](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/26), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-5b18e66015f0f8071e496e23ccb09432]: S. 179(1)(1A) substituted for s. 179(1) (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/2) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-a6f7c391b9f4ef7ea9e62a104dd4a606]: Words in s. 179(2A)(b) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(3)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/3/b) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-8b253f9f359d941766dd20c4cf2ecbb1]: Words in s. 179(2B)-(3) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-ca3687450a7392c6c751029280986343]: Words in s. 179(4) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-c0c8689a2758a49856104b842d813106]: Words in s. 179(10)(c) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-349307d5aa5df27fa6eec52e4e3c36bc]: Words in s. 179(13) substituted (with effect in accordance with Sch. 29 para. 4(6) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/4) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-7f683c2558cb51f9ad3251eb1f444feb]: S. 179(11)(12) repealed (with effect in accordance with Sch. 29 para. 4(7), Sch. 40 Pt. II(12) Note 8 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 4(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/4/5), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-92e698b5676c0615a154731d1c973ebd]: S. 180 repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 27](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/27), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-534ec8026c4b7e7b956ffd2d95b43cc2]: Words in s. 181(1) substituted (with effect in accordance with Sch. 29 para. 28(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/a) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-4363051cdc53597d5ffdcdfb35bce255]: S. 181(5) repealed (with effect in accordance with Sch. 29 para. 28(2), Sch. 40 Pt. II(12) Note 9 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 28(1)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/28/1/b), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-6a1cf12afd7b05a3cc2f592a775e1995]: Words in s. 192(3) substituted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 29](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/29) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-d221057aa86217906eb5753d3c2e2e9a]: Words in s. 192(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-020f498c97f5213003d25ba2e7d51f3b]: Words in s. 195(2)(3) substituted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(2)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/2)
[^key-ff8b212e8b54c12a267e60e49ebcefcd]: Words in s. 195(3) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/3)
[^key-487c6d7c8fb0d181e9df3783d237edea]: S. 195(8) inserted (with effect in accordance with s. 68(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 19 para. 12(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/19/paragraph/12/4)
[^key-89504cd6537e96ef9e091f3bcfac0a0c]: Words in s. 197(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-2c893a6a6ed3ea2a69179cd3fd9c2437]: S. 211(3) repealed (with effect in accordance with Sch. 29 paras. 5(4), 30(5), Sch. 40 Pt. II(12) Note 10 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 30(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/30/4), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-db9350ab2ecbb3ee2083749d616a8eaa]: Words in s. 216(2)(b) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-f6c112bc93394d9857cbd7a3166ac1d6]: Words in s. 216(3)(4) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-0bed60d27c728e6baaa10af23307719a]: S. 217C(2) substituted (with effect in accordance with Sch. 29 para. 32(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 32(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/32/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-24e29ea4b9d1d3c6437db50341f38cb2]: Words in s. 260(1) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(2)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/2)
[^key-901015d1ff5d4e20317ff98e250baca8]: S. 276(8)-(10) substituted for s. 276(8) (with effect in accordance with Sch. 29 para. 35(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 35(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/35/1) (with [Sch. 29 para. 46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-beb725a5b16355887a1c6c1daa73058c]: Words in Sch. 4 para. 4(2) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-529d8ad913c573bf2492f0cc520ca465]: Sch. 4 para. 4(3) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-578e9b039dd8755adf10546d7697c834]: Sch. 4 para. 9(1)(a) repealed (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(12)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/12)
[^key-8c68af40a1b35ece71f64cfe302a7a1c]: Words in Sch. 5B para. 14(1)(a) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/a)
[^key-ebac49be242cc25921f4cf6f4a8e7172]: Words in Sch. 5B para. 14(1) inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(b)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/b)
[^key-944f5cbc542cdf7d828c1b4ac4ef26c7]: Words in Sch. 5B para. 14(3) substituted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(c)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/c)
[^key-51fcb0905794dc3375b470d5242d712d]: Sch. 5B para. 14(3)(c) and preceding word inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(2)(d)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/2/d)
[^key-4198af63782345e2fe47cdd12872819c]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 40 Pt. II(5) Note 4 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/5)
[^key-a09434311d17f9c1b66bd4934fff2018]: Words in Sch. 7 para. 2(2)(b)(i) substituted (with effect in accordance with s. 90(5) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 90(3)](https://www.legislation.gov.uk/ukpga/2000/17/section/90/3)
[^key-0e27e39f7e392c350cb53772d96eb5de]: Sch. 10 para. 14(42) repealed (with effect in accordance with Sch. 40 Pt. II(10) Note 1 of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 40 Pt. II(10)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/40/part/II/10)
[^key-c0768b7a580dc85c9d5fc714979c0a97]: Sch. 5B para. 14A and cross-heading inserted (with effect in accordance with s. 63(4) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 16 para. 4(3)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/16/paragraph/4/3)
[^key-746cdc6181e6bc0e6918a24255fe5311]: S. 79A inserted (with application in accordance with s. 93(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 93(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/93/1)
[^key-98995ad42215f1c37e37bb3cfda7409c]: S. 79B inserted (with application in accordance with s. 94(2) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 94(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/94/1)
[^key-b7bf38722d51a41c7da4f50adadd9fab]: S. 190 substituted for ss. 190, 191 (with effect in accordance with Sch. 29 para. 9(3) of the amending Act) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [Sch. 29 para. 9(1)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/1) (with [Sch. 29 paras. 9(4)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/9/4), [46(5)](https://www.legislation.gov.uk/ukpga/2000/17/schedule/29/paragraph/46/5))
[^key-9af20e74f55f104ee62c0dbbd45b8751]: S. 236A and cross-heading inserted (28.7.2000) by [Finance Act 2000 (c. 17)](https://www.legislation.gov.uk/ukpga/2000/17), [s. 48(1)](https://www.legislation.gov.uk/ukpga/2000/17/section/48/1)
[^key-92ee80fbc97ba979b4b5506e167ccd6f]: S. 30 excluded (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [s. 130(1)](https://www.legislation.gov.uk/ukpga/2000/26/section/130/1), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/6); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-505eb8b04d4bc232c072ab7eec3d3a01]: Act applied (with modifications) (6.11.2000) by [Postal Services Act 2000 (c. 26)](https://www.legislation.gov.uk/ukpga/2000/26), [Sch. 4 para. 7](https://www.legislation.gov.uk/ukpga/2000/26/schedule/4/paragraph/7); [S.I. 2000/2957](https://www.legislation.gov.uk/uksi/2000/2957), art. 2(1), Sch. 1
[^key-51297f08efabb57208a92949101ae9bc]: S. 30 excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 5](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-4020530bbbacaccd0bdfe8b7aff2559e]: S. 154 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 7 para. 6(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/6/2); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), art. 3(1)
[^key-d25228af38a53143a2c4de59f9837e98]: S. 41(8) modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 10(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/1) (with [Sch. 26 para. 10(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/10/2)); S.I. 2000/3376, art. 2
[^key-eb4565ff9851983fbf666b6e88d4572f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 24(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/1) (with [Sch. 26 para. 24(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/24/2)); S.I. 2000/3376, art. 2
[^key-bf3895bf5eeb9822fe0342e96b67ee4f]: S. 17 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 31(1)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/1) (with [Sch. 26 para. 31(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/31/2)); S.I. 2000/3376, art. 2
[^key-d355d2e4b52dd04cef36f6433e1decf0]: S. 30 excluded (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 para. 36](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/36); S.I. 2000/3376, art. 2
[^M_C_f5aa1bb8-132b-4c8c-b1de-2bb4f800b129]: Act modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 7 paras. 2(1)(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/2/1/2), [3](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/3), [4](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/4), [20(2)(4)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/7/paragraph/20/2/4); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_a4e06366-39aa-4eaa-f6df-d9cb66435c04]: Act modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [Sch. 26 paras. 9](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/9), [12(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/12/2), [26(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/26/2), [33(2)](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/33/2); S.I. 2000/3376, art. 2
[^M_C_be5d6d1c-e180-4c1e-ff4b-83d3914c0c91]: S. 171(1) excluded (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 2(4), 20(5); [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_1e048622-02c9-48bb-965f-74c9420c3e80]: S. 179 modified (1.2.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), s. 275(1), Sch. 7 paras. 8-10; [S.I. 2001/57](https://www.legislation.gov.uk/uksi/2001/57), [art. 3(1)](https://www.legislation.gov.uk/uksi/2001/57/article/3/1)
[^M_C_4162b110-f147-42b4-89fe-94a838bb186e]: S. 179 modified (15.1.2001) by [Transport Act 2000 (c. 38)](https://www.legislation.gov.uk/ukpga/2000/38), [s. 275(1)](https://www.legislation.gov.uk/ukpga/2000/38/section/275/1), [Sch. 26 paras. 11](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/11), [20](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/20), [25](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/25), [32](https://www.legislation.gov.uk/ukpga/2000/38/schedule/26/paragraph/32); S.I. 2000/3376, art. 2
[^key-77152080e0640237b0f4afd5e6697f11]: S. 3(2) sum amended (for the year 2001-02) by [The Capital Gains Tax (Annual Exempt Amount) Order 2001 (S.I. 2001/636)](https://www.legislation.gov.uk/uksi/2001/636), [art. 2](https://www.legislation.gov.uk/uksi/2001/636/article/2)
[^key-9ce19b3b1d19aed3cae4b6a18d19d277]: S. 37(2)(a)-(c) substituted for s. 37(2)(a)(b) (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 77](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/77)
[^key-a801471d426d122eec4c104e3cf6c09c]: S. 41(3)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/1)
[^key-58009fe6ec3807e11d143e0171158ea8]: S. 41(4)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(2)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/2)
[^key-5aebf84bef7ad2ed22faab00f81d0935]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/a)
[^key-6439d1ad50dd8a09c462efe63139677c]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/b)
[^key-1cadb5592aa9641948a8c26b346f38fa]: Words in s. 41(7) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 78(3)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/78/3/c)
[^key-9634918482d507b6e4fcafc63a1219ec]: S. 195(2)(b)(c) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(1)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/1)
[^key-a5af8206d9833e8ba29e5600f8e8949a]: Words in s. 195(3) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/a)
[^key-97e50aac1979b6d259fdd7adf3a6897f]: Words in s. 195(3) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(2)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/2/b), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-9102c5876a613cbe8668fb8b16247a66]: Words in s. 195(4) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-86588bc727fe1805b02e1c8c0a44d8e6]: S. 195(4)(a)(b) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(3)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/3)
[^key-96355777034d753e5ae24081eacd0735]: S. 195(5) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(4)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/4), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-8f2c0988ab1d710b9f73475a392b3322]: Words in s. 195(6) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(a)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/a)
[^key-3940ef085d9249cb561cf4356c4affcc]: Words in s. 195(6)(a) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(b)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/b)
[^key-4f1f31bc5161193ab93b47924599105a]: S. 195(6)(b) and preceding word omitted (22.3.2001) by virtue of [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(5)(c)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/5/c)
[^key-158a3e9707cfcd660887dbdeb79e659c]: Words in s. 195(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 79(6)](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/79/6)
[^key-5afc8c280de2c25536ee22d81949a1c6]: Words in s. 288(1) repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c240bf6c68dfe5145ff87e21bb82fe1a]: Words in s. 288(1) inserted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 80](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/80)
[^key-684fd4ac550167e57ef6955c3fb79ceb]: Words in Sch. 3 para. 7(8) substituted (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 2 para. 81](https://www.legislation.gov.uk/ukpga/2001/2/schedule/2/paragraph/81)
[^key-47ee1d0b223e6d333bf75c0c73ac5ac6]: Sch. 10 para. 21 repealed (22.3.2001) by [Capital Allowances Act 2001 (c. 2)](https://www.legislation.gov.uk/ukpga/2001/2), [Sch. 4](https://www.legislation.gov.uk/ukpga/2001/2/schedule/4)
[^key-c8f1fd8b4974cb03ccdaa0f43580e94c]: Sch. 10 para. 1 repealed (26.3.2001) by [The Postal Services Act 2000 (Consequential Modifications No. 1) Order 2001 (S.I. 2001/1149)](https://www.legislation.gov.uk/uksi/2001/1149), [art. 1(2)](https://www.legislation.gov.uk/uksi/2001/1149/article/1/2), [Sch. 2](https://www.legislation.gov.uk/uksi/2001/1149/schedule/2)
[^key-841548613a812a7bad6f43cf1a97b3e6]: S. 156A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), [ss. 10(4)](https://www.legislation.gov.uk/ukpga/2000/12/section/10/4), [19(1)](https://www.legislation.gov.uk/ukpga/2000/12/section/19/1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2
[^key-156ef238444d10c14e264989d94b4c1f]: S. 59A inserted (6.4.2001) by [Limited Liability Partnerships Act 2000 (c. 12)](https://www.legislation.gov.uk/ukpga/2000/12), ss. 10(3), 19(1); [S.I. 2000/3316](https://www.legislation.gov.uk/uksi/2000/3316), art. 2; s. 59A substituted (retrospectively) (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/2)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-69aa6e2ada66ef4eaf777fead78c33b0]: Words in s. 170(9)(b) inserted (6.4.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/4)[(6)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a11ff3822bc00907a42a5e92fa9af5ea]: S. 271(12) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 4](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-9c6dc56f0ee5d020b295b90b885c5efe]: Words in s. 288(1) inserted (with effect in accordance with s. 76(1) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 76(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/76/2), [Sch. 25 para. 1(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/25/paragraph/1/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-361457e70a35479722f18e56601fc7ea]: S. 169A inserted (with effect in accordance with s. 75(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 75(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/3)[(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/75/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-093a73e548014117472663c4d4c6e960]: Words in s. 13(4) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(2)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d996841b11440f9b5089446d97c628dc]: S. 13(5)(b) substituted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(3)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-869a976a60841ce55a980fd6553607bd]: S. 13(5A)(5B) substituted for s. 13(5A) (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(4)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^M_F_2e33e0db-02eb-435c-84ae-3a59c52546ce]: S. 13(10B) inserted (with application in accordance with s. 80(6) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [s. 80(5)](https://www.legislation.gov.uk/ukpga/2001/9/section/80/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-73ba2515fa467a07cefb39aa458dabad]: Words in Sch. 5B para. 3(1)(c)(d) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 29](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/29) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-feb7f1ec3beb6ac3acf6dd656418eca9]: Words in Sch. 5B para. 13(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e482aecab4338ebc00d4a5b6ba6c6fa7]: Sch. 5B para. 13(1A)(1B) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-a54a60760fe3a3850587a6935ea211fa]: Sch. 5B para. 13(4) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/4), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-380d63f4c297301f8cb8fdabddde9399]: Words in Sch. 5B para. 13(10) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(5)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/5) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1e2cc60efd0f6fe692b32ad40b440512]: Sch. 5B para. 13(12) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(6)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/6) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-562a908823f419b49767c95189e0458d]: Words in Sch. 5B para. 13(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 30(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/30/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-cc5eb353c9524cca1c58920d4a4d232a]: Sch. 5B paras. 13A-13C and cross-headings inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 31](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/31) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-f7062c9c0bb811d7f259fd4f40739c4c]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-4d042b80b7a5b82ece661a1bd47e5e0f]: Words in Sch. 5B para. 14(1) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(1)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/1/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-d97849d4d94af88257fa857cefdadbdd]: Words in Sch. 5B para. 14(3)(c) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c10fc30b9b927005813420787c71ee30]: Words in Sch. 5B para. 14(3) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/2/b) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-001a9c1f418118a834dd68d4d0f7c25f]: Words in Sch. 5B para. 14(7) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 32(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/32/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-6b7cfd188662f14fc142f3efda16b175]: Sch. 5B para. 14AA and cross-heading inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 33](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/33) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-23f187ce8e3d8333222af20eb1a481cc]: Sch. 5B para. 14A(2) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-b46b8cbe68cbb79e53c4fd489dfdd901]: Sch. 5B para. 14A(7) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 to the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(b)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/b), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-c7f597880fb7f732075a1f9f5e351ded]: Words in Sch. 5B para. 14A(8)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 34(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/34/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-263072b55cead0a7dad1aca442974701]: Sch. 5B para. 16(2A) inserted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(2)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/2) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1c1c73c3ccf5781e497887e6a4621a4e]: Words in Sch. 5B para. 16(3A) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7d2e5bbd652bf39422aac5a988cf7e73]: Words in Sch. 5B para. 16(5) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(4)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/4) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-579265a7c703132329923e43d409a5d3]: Words in Sch. 5B para. 16(1)(a) substituted (with effect in accordance with Sch. 15 para. 35(5) of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 35(1)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/35/1) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-38258cffbbedf140ee90d6843b83be6e]: Words in Sch. 5B para. 18(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-55e1aa6c9f527eecfaaa2e17c0d35080]: Words in Sch. 5B para. 18(2)(a) substituted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(i)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/i) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-8c7ee1660bc6b98e952638f9a67f415e]: Sch. 5B para. 18(2)(ab) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 36(b)(ii)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/36/b/ii) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-3a9fef01c97dd076fae7b4e108fa306d]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(a)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/a) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-e597a628e65a4e401d8f9236406fb213]: Words in Sch. 5B para. 19(1) inserted (11.5.2001) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 15 para. 37(c)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/15/paragraph/37/c) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-7dd2850421d79e8ba50ee3f0898daf35]: Words in Sch. 5B para. 19(1) repealed (with effect in accordance with Sch. 33 Pt. 2(3) Note 6 of the amending Act) by [Finance Act 2001 (c. 9)](https://www.legislation.gov.uk/ukpga/2001/9), [Sch. 33 Pt. 2(3)](https://www.legislation.gov.uk/ukpga/2001/9/schedule/33/part/2/3) (with [Sch. 3](https://www.legislation.gov.uk/ukpga/2001/9/schedule/3))
[^key-1440a3a04695f50daa2b521308712f49]: Words in s. 99(2)(a) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [62(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/1)
[^key-25e8a3b7f0a79fd4cb7fbcd291acd05b]: Words in s. 102(3) 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(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/62/2)
[^key-266b7a49336d01452652571cd88e6ed4]: Words in s. 117(11) substituted (with effect in accordance with art. 63(2) of the amending S.I.) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [63(1)](https://www.legislation.gov.uk/uksi/2001/3629/article/63/1)
[^key-5984996b8a466c2439b51db20ec29d27]: Words in s. 143(3)(a)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-6ee94b58e87a9fa595cfe9652e6677bd]: Words in s. 143(7)(b) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(2)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/2)
[^key-3ce7746d93d5371050dad63467b5b6b1]: S. 143(8) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [64(3)](https://www.legislation.gov.uk/uksi/2001/3629/article/64/3)
[^key-226738d4580a11836de29d4c54b945ed]: Words in s. 144(8)(c)(i) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/a)
[^key-f83c7ddb6d57bb72e185b29300b2a5c2]: Words in s. 144(8)(c)(iii) omitted (1.12.2001) by virtue of [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [65(b)](https://www.legislation.gov.uk/uksi/2001/3629/article/65/b)
[^key-7f572db4967db36e2c09c958e78b7e81]: S. 211(1)(1A) substituted (with effect in accordance with art. 66(2) of the amending S.I.) for s. 211(1) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), arts. 1(2)(a), 66(1)
[^key-ff905b5a77ff74b3a9b505fba173ccc3]: Word in s. 213(4) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-9af6ffe4f66e096bdb300cd9c46c5abe]: Word in s. 213(7) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [73(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/73/2/a)
[^key-c46c88f02b012d1c5a9fe2e455519224]: Words in s. 288(1) substituted (1.12.2001) by [The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001 (S.I. 2001/3629)](https://www.legislation.gov.uk/uksi/2001/3629), [arts. 1(2)(a)](https://www.legislation.gov.uk/uksi/2001/3629/article/1/2/a), [70](https://www.legislation.gov.uk/uksi/2001/3629/article/70)
[^key-020df7f1bedf67fa0fe02ad0cc07c70e]: S. 3(2) sum amended (for the year 2002-03) by [The Capital Gains Tax (Annual Exempt Amount) Order 2002 (S.I. 2002/702)](https://www.legislation.gov.uk/uksi/2002/702), [art. 2](https://www.legislation.gov.uk/uksi/2002/702/article/2)
[^key-e76b49e163a85e50c828c78c2544885a]: Act modified by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 93B(2)](https://www.legislation.gov.uk/ukpga/1996/8/section/93B/2) (as inserted (with effect in accordance with Sch. 11 paras. 7, 18 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 77(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/1) (with [s. 77(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/77/2)))
[^key-cd8f464cd2174ea2ee086d7d037c68e8]: Ss. 127-130 applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), s. 93B(3)(a) (as inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), s. 77(1) (with s. 77(2)))
[^key-0431b5c15b5e9dd486f41e4a2d1f6bc5]: Ss. 135, 136 excluded by Income and Corporation Taxes Act 1988 (c. 1), s. 757 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(5))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/5)
[^key-75b4cfc67de37815f0d3e9af02a3c9bc]: S. 136 applied by Income and Corporation Taxes Act 1988 (c. 1), s. 842 (as amended (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 4(7))](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/4/7)
[^key-39ee625ee82c326d41b454a0baacc489]: S. 257 applied (with modifications) (with effect in accordance with s. 58(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 9(3)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/9/3/b)
[^key-cc714e31f86e2d437b0c4671436304a9]: Act applied (with modifications) (with effect in accordance with s. 58(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 18 para. 10](https://www.legislation.gov.uk/ukpga/2002/23/schedule/18/paragraph/10)
[^key-f5af7a8641a7d09756de892291f27451]: S. 38(1)(c) applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(5D)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/5D) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/3))
[^key-92f1235aec000508398d0be1deb842da]: Act applied by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), [s. 92(10A)](https://www.legislation.gov.uk/ukpga/1996/8/section/92/10A) (as inserted (with effect in accordance with [s. 79(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/79/3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 23 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/23/paragraph/5/6))
[^key-d2c9a0a6f7cecfd0faa728d0a5254068]: S. 170 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 28(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/28/6)
[^key-4dc7421b3f758d3037a9eee78356f17f]: S. 161 applied (with modifications) (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 45(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/45/2)
[^key-25480a887b229cf41079cbfc7dcc3c51]: Act applied (with effect in accordance with s. 83(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 26 para. 48(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/26/paragraph/48/9)
[^key-cd31f620eb723847e7c937545064569a]: S. 136 applied (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/84/1)
[^key-02db92d87ef28ef808cdedbdb1369e0b]: S. 152 modified (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132)
[^key-1b030ad294a9ee71c6de6ec6eb13ccff]: S. 155 restricted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/5)
[^key-24077e04eb319da45b4f904217d9ca1b]: S. 2(6)-(8) inserted (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 11 para. 2(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/11/paragraph/2/4)
[^key-e4ff1f25259e45edfc99156cce0a0113]: Words in s. 13(5B) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-2cc28fe9215e71cba9895a78bc5042e3]: S. 40(4) added (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 25 para. 60(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/25/paragraph/60/2)
[^key-c0cd7da9fd8953868b7e08c6b53c9b45]: Words in s. 62(7) substituted (with application in accordance with s. 52(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 52(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/52/1)
[^key-8940d402f18f73181a4d2d3d4b0716ef]: S. 86(4A) repealed (with effect in accordance with Sch. 11 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/4)
[^key-e1a9eefd232fa7064aea1f767dbf5831]: Words in s. 86A(8) repealed (with effect in accordance with Sch. 11 paras. 7, 8, Sch. 40 Pt. 3(4) Note 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-697efd62fd597485943c6374c5e692d4]: Words in s. 102(3)(b) 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(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/4)
[^key-7a62030f5a377b83031148073b42594d]: Words in s. 117(A1) repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-210d2d7c84e6d8d4063f185d7cb68554]: Ss. 117A, 117B repealed (with effect in accordance with Sch. 40 Pt. 3(10) Note 2 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/10)
[^key-ee25ac82a0dfacf2f73ea489d60444fe]: S. 135 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/1)
[^key-160cc913f3fcb8eb01b51d23d73ae0b4]: S. 136 substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/2)
[^key-5d42dfb3da7a9bae76e60562ac245a54]: Words in s. 137(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/a)
[^key-08d399bec88a5a40d4b9338f5589daaa]: Words in s. 137(6) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/5/b)
[^key-ceedb53a1b8d8fab6f4f582986976c19]: Words in s. 138(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(6)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/6)
[^key-2c0948d82181d51c23d8fcf0b8b4b80e]: S. 139(9) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/7)
[^key-783168562bbfe72cda72fc4829e9710e]: Words in s. 139(1)(a) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-4fb6f2e22e9ef0b747521c2ed85ae28e]: Words in s. 139(5) repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a9c57a27a11aa6f0b03cb6150f46f479]: Words in s. 139 heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-15937c49ed846839590ee01ef690be89]: Words in s. 135 cross-heading repealed (with effect in accordance with Sch. 9 paras. 7, 8, Sch. 40 Pt. 3(2) Note of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/2)
[^key-a82922811f6adffb9b268901d6a7e054]: Words in s. 147(1) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/a)
[^key-30dbf8d02c019683751d0229b5c10e38]: Words in s. 147(2) inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(8)(b)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/8/b)
[^key-557378177e7b2919a4cb9f1a8d72a5c8]: S. 151B(8)(c) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(9)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/9)
[^key-a9602fe993018e2520c0217f3b65d458]: Words in s. 161(3A) repealed (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 40 Pt. 3(16)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/40/part/3/16)
[^key-0e1ace38c1b3732d7680157aecc69d0c]: Words in s. 171(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(10)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/10)
[^key-38da6a7df083d184e3c5aee6370f82b0]: Word in s. 179(4) substituted (with effect in accordance with s. 44(3)(5) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 2](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/2)
[^key-ac4d3e5079ddf5e08f09f05a21c61bfe]: Words in s. 241(3) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(2)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/2)
[^key-8625ef42e2f480646c99126f82f4eecc]: S. 241(3A) inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/3)
[^key-eadfcb86e9057fd6b52235ff95ad0bd0]: Words in s. 241(4) substituted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 3(4)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/3/4)
[^key-ec9ab21cdf114307cf7224336739696b]: Words in s. 251(2) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(a)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/a)
[^key-2e314370e864a078241595831920ec9b]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(i)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/i)
[^key-4ba663c8dd934811c86989f8b45c5d44]: Words in s. 251(3) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(b)(ii)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/b/ii)
[^key-d47f72925d6fb2e061fefc4f0d7c1123]: Words in s. 251(6)(b) substituted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 5(12)(c)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/5/12/c)
[^key-7965bbcdf40e392744a9e57d383015d2]: Words in s. 288(1) inserted (with effect in accordance with s. 103(6) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 103(3)](https://www.legislation.gov.uk/ukpga/2002/23/section/103/3)
[^key-901449d6123a3a7dedb937de4feb12fb]: Sch. 5AA inserted (with effect in accordance with Sch. 9 paras. 7, 8 of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2002/23/schedule/9/paragraph/3)
[^key-39c6fea00fb9c0d687377d75ea84525d]: Sch. 7AC inserted (with effect in accordance with s. 44(3)(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 8 para. 1](https://www.legislation.gov.uk/ukpga/2002/23/schedule/8/paragraph/1)
[^key-8fd0a71e4f4e94f156352db4bf9c4657]: Sch. 7AD inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/2), [Sch. 31](https://www.legislation.gov.uk/ukpga/2002/23/schedule/31)
[^key-387b5e61a4dd333cbabbc2d90f09c7b6]: Ss. 105A, 105B inserted (with effect in accordance with s. 50(2)-(4) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 50(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/50/1)
[^key-a6fcc18d9a3ea87b0bce65e4a1f139d4]: S. 192A and cross-heading inserted (with application in accordance with s. 44(3) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 44(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/44/1)
[^key-89e5fa656ea5b9c8e7be5df203334789]: S. 162A inserted (with application in accordance with s. 49(2) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 49(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/49/1)
[^key-c4eabc009f23f14148c80483699a5e7b]: S. 211A inserted (24.7.2002) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [s. 85(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/85/1)
[^M_C_40f54108-3130-4fd8-d62c-7ea76ad8480a]: Act applied (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 paras. 130(3)-(5)(7)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/130/3), [131(5)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/131/5)
[^M_C_4706c006-7b55-4fb2-d11f-99f9c51f4987]: S. 153 modified (with effect in accordance with [s. 84(1)](https://www.legislation.gov.uk/ukpga/2002/23/section/84/1) of the amending Act) by [Finance Act 2002 (c. 23)](https://www.legislation.gov.uk/ukpga/2002/23), [Sch. 29 para. 132(2)(3)](https://www.legislation.gov.uk/ukpga/2002/23/schedule/29/paragraph/132/2/3)
[^key-6ba9e1ca320836df0b0dc69957025a14]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/4/1) (with [regs. 6](https://www.legislation.gov.uk/uksi/2002/1970/regulation/6), [8](https://www.legislation.gov.uk/uksi/2002/1970/regulation/8))
[^key-e81709789d439da341c6e7ff690dffb6]: S. 116(10)(a) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Exchange Gains and Losses (Bringing into Account Gains or Losses) Regulations 2002 (S.I. 2002/1970)](https://www.legislation.gov.uk/uksi/2002/1970), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/1/1), [9(4)(a)](https://www.legislation.gov.uk/uksi/2002/1970/regulation/9/4/a)
[^key-d1a12cd45edb7a873b965698b921af35]: Act applied (with modifications) (28.4.1997) by [The Open-ended Investment Companies (Tax) Regulations 1997 (S.I. 1997/1154)](https://www.legislation.gov.uk/uksi/1997/1154), [regs. 3-8](https://www.legislation.gov.uk/uksi/1997/1154/regulation/3) (with [regs. 20-23](https://www.legislation.gov.uk/uksi/1997/1154/regulation/20)) (as amended (8.8.1997) by [S.I. 1997/1715](https://www.legislation.gov.uk/uksi/1997/1715), [regs. 1](https://www.legislation.gov.uk/uksi/1997/1715/regulation/1), [3-5](https://www.legislation.gov.uk/uksi/1997/1715/regulation/3); (1.10.2002) [S.I. 2002/1973](https://www.legislation.gov.uk/uksi/2002/1973), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2002/1973/regulation/1/2), [2](https://www.legislation.gov.uk/uksi/2002/1973/regulation/2))
[^key-cdf03635d31ed06c1adc9bae7bdcff61]: Sch. 7AC para. 17 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), [reg. 50A](https://www.legislation.gov.uk/uksi/1997/473/regulation/50A) (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2003/23/regulation/1/1), [9](https://www.legislation.gov.uk/uksi/2003/23/regulation/9))
[^key-b962009c6ecb69de37ef17a106f992a4]: Sch. 7AD para. 10 modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 1997 (S.I. 1997/473)](https://www.legislation.gov.uk/uksi/1997/473), reg. 50B (as inserted (30.1.2003) by [S.I. 2003/23](https://www.legislation.gov.uk/uksi/2003/23), regs. 1(1), 9)
[^key-5cf693cc4bfe4678168deb8a07996460]: S. 3(2) sum amended (for the year 2003-04) by [The Capital Gains Tax (Annual Exempt Amount) Order 2003 (S.I. 2003/842)](https://www.legislation.gov.uk/uksi/2003/842), [art. 2](https://www.legislation.gov.uk/uksi/2003/842/article/2)
[^key-50ae57ecc6ecb658d4d5750927018241]: S. 127 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [ss. 462(2)](https://www.legislation.gov.uk/ukpga/2003/1/section/462/2), [723](https://www.legislation.gov.uk/ukpga/2003/1/section/723) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-7b26f0dee25f1f5a40f60534a7e7d5d4]: Ss. 127-130 excluded (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 88](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/88) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-db5dba6640993c156a369f28aba20cb7]: S. 120(1)-(1B) substituted for s. 120(1) (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-57029a2f948110ef92c0215bbfe1f117]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-3e2ed47d355d7ba79eff32c3f4c3246c]: Words in s. 120(3) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(3)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/3/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0160a5e417aa300901b3f8e2391bf004]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40c39ce27da23b4710080d49f0ce91de]: Words in s. 120(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-0a20d377f232377f6983a1767e591ba1]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6656e72a15b058753d9510cbaf6e607]: Words in s. 120(5A) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(5)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/5/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-671749eac4ecaa5178116f146f8e03f7]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6eabad5ec5475cb4d5a434c04306adfd]: Words in s. 120(5B) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(6)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/6/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-2b3878fd0d36db8f985655137f3b9eac]: S. 120(6) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(7)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/7), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6a8d7e453bc4885c90f9d96a0f99b7a4]: S. 120(7) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(8)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/8) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ff29ad68669c3781715e194b25505e2e]: S. 120(7A) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(9)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/9) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f5168845a225c7622bb5cfa42be88bba]: Words in s. 120(8) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 210(10)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/210/10) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ba907acfe1c87b825debde4aa2e4ecf2]: Words in s. 149B(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-6009d18aa000012c5e45c3b8c1f3be4d]: Words in s. 149B(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-bf8b95b2001b67db4197678a3444ebff]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-40b5ab03f1e07bf89d97da4033b65132]: Words in s. 149B(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 211(4)(b)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/211/4/b) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4be73c9f9a0908d42ff9fd9535b5c966]: S. 149C inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 212](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/212) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8c1a0338f772720ca519879fbd7ad84d]: Words in s. 222(8D)(b) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 213](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/213) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-18b6859b5ae9b97b8c90ea48341a9895]: Words in s. 236A substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-842b875d227bbf33cf1b2c606461b1ad]: Words in s. 236A cross-heading substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 214](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/214) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-8d49e2acc095020bcabec29d93debf6a]: Words in s. 238(2)(a) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 215](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/215) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-d070df742694a5b288f4493209b27b35]: S. 238A inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 216](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/216) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-135d87a683b4be3a0f15730d68bf0d5b]: S. 263ZA inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 217](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/217) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ad60b8e43028b82215a842c7fb709cf1]: S. 271(1)(c) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 218](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/218) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-dae33be935f17c8e2a45e6965ac7de46]: Words in s. 288(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-c7602cb2301bbdd5bd62b552bb3c9b2d]: Words in s. 288(1) inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 219(3)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/219/3) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-4416e6edea6a9ae7d03c219e3a127deb]: Words in Sch. 7C para. 1(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(2)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/2) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ef7bcf58594695dc8de91c7c9736ebb1]: Words in Sch. 7C para. 2(1) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(a)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/a) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-510ee43206fb68f4ca7c012760b63a73]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/i) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-cc3ff7650cce19a91be227afd23d8089]: Word in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/ii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-a7c453f16449189a376f4df5ead8ac8a]: Words in Sch. 7C para. 2(2) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(b)(iii)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/b/iii) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-80939251133e89f592dfcc5b102a855d]: Words in Sch. 7C para. 2(4) substituted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 220(3)(c)](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/220/3/c) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-f6872f385089528a4af8c79e5b329e0f]: Sch. 7D inserted (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 6 para. 221](https://www.legislation.gov.uk/ukpga/2003/1/schedule/6/paragraph/221) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ea38ffda46c5556d9799c98124362698]: Sch. 10 para. 14(9)-(12) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-980f1b9474718c9d8437dd664d00b518]: Sch. 10 para. 16(3)-(5) repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 8 Pt. 1](https://www.legislation.gov.uk/ukpga/2003/1/schedule/8/part/1) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-13ef0646681e9edb73a87af95105b276]: Sch. 7D Pt. 1 applied (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 723](https://www.legislation.gov.uk/ukpga/2003/1/section/723), [Sch. 2 para. 87](https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/87) (with [Sch. 7](https://www.legislation.gov.uk/ukpga/2003/1/schedule/7))
[^key-ae77864865bcf89d972cc196de1da8ec]: S. 25(2)(3)(5) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-8c5a31630b1819e2ac25a612ea205102]: S. 80(4)(a)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-4036624bea22c9a9d3c7f493d07fcda2]: S. 80(7)(b) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-901a9e752c57fc4ff13a88aed7b51a6f]: S. 199(2)(4) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-0f31930fce682615b884ce6b6fa9bd09]: S. 276(7) modified (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/2/b)
[^key-2dd636877e483cf6c39ab231e533ecfa]: S. 3(6) repealed (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/2), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-fc13395dd9770fb7ab9192d024316b92]: Words in s. 3(7) substituted (with application in accordance with Sch. 28 para.7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 3(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/3/3)
[^key-dd832ebe106133faf8b5179023fea6c2]: S. 3A inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 1](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/1)
[^key-61ded793559399087edab9acb44f402b]: S. 10(3) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/a), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-b2bdc1a0dea008d5cfe42940e7fe672f]: Words in s. 10(4) repealed (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/2/b), [Sch. 43 Pt. 3(6)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/6)
[^key-31d2e3cfd8cf3ed62d51b2ff2cecf009]: Word in s. 13(5)(d) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-54f6fcb81eebeebbbc6652f24714f25c]: Word in s. 25(7)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-57f8c4330f6ecdec1f6b2cd2e6030ee8]: S. 10B inserted (with effect in accordance with s. 149(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 149(4)](https://www.legislation.gov.uk/ukpga/2003/14/section/149/4)
[^key-822f44d04b63ce2db7a25bc1b3727317]: Words in s. 38(2) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 18 para. 5](https://www.legislation.gov.uk/ukpga/2003/14/schedule/18/paragraph/5)
[^key-e3548879b99379debb2c70e1f0832cb3]: S. 85A substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 163(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-ece6416ba5ec7e0c0cdc15b985c8a3b3]: S. 120(9) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 51](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/51)
[^key-bab1cbb282fec102852beda14ef03bc5]: S. 119A inserted (with effect in accordance with Sch. 22 para. 50(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 50(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/50/1)
[^key-932763e2467d5d6f333e428b6818f6eb]: Word in s. 138A(2)(a) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/a)
[^key-35db4837acb78e3b1fe72f1f23764576]: S. 138A(2)(c) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/2/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-5ecc29a92e8eaaf3691b4e4033cd171d]: S. 138A(2A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(3)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/3)
[^key-e2583367034a12e0f60216e235167dfb]: Word in s. 138A(4)(c) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/a)
[^key-74bc1f20717db86841f18a4beda13d3b]: S. 138A(4)(e) and preceding word repealed (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/b), [Sch. 43 Pt. 3(8)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/8)
[^key-8fca7632d776c7cb63bc4ce6b5999584]: Words in s. 138A(4) substituted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(4)(c)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/4/c)
[^key-f97f33d2afbac9b5f0b0398949e300b2]: S. 138A(4A) inserted (with effect in accordance with s. 161(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 161(5)](https://www.legislation.gov.uk/ukpga/2003/14/section/161/5)
[^key-dac9200349e48e522337be72d3eae51d]: Word in s. 139(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-576fe1ba900e19453c8830f1dd313253]: Words in s. 140(1) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-1d9861395679f45f186fc2559475f893]: Word in s. 140A(2) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-28e78a2374c22132025dc07bc79b0bea]: Words in s. 140C(1)(a) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-54169eacbc836476e73e59fb7a11e3cb]: S. 149B(5)(6) inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 53](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/53)
[^key-f864b9b1fe43430835bb549abb49ce77]: S. 149AA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 52(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/52/1)
[^key-8a8b4103533314f07d734e946cd63a1c]: Word in s. 159(4)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-5e451c679431bc6aa00d18df98d68c4a]: Word in s. 171(1A) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-dcd8673f881197584f2ae03ad4640008]: Words in s. 173(3)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-0bd6778d9f1ecf9c247095674e0f4e8b]: Words in s. 175(1A)(b) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-68c10bd0ee425c18a5c494dcd520449e]: Word in s. 175(2AA) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-0c99ef42578557bdfad057bfec807e06]: Words in s. 185(4) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-c87f0243b262d832fa135a498f89fab8]: Word in s. 190(2)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-87a7140aabdb5be62bde8209232c83da]: Word in s. 190(3)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-c9a97be4e642aababf8748839fed23bb]: Word in s. 199(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-9b72754a97d51168d259355079b39aa4]: S. 210 substituted (with effect in accordance with s. 157(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 157(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/157/1)
[^key-c6764ad2d0457d5ba743b28798e76aa1]: S. 211(1A) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-28056ea40ba487d517dad1eeed295104]: Words in s. 213(3) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/a)
[^key-58de0964f2cac07a90cdc95fcdc4fac3]: Words in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-ea7c7c82c752ea97ed8725fb94c709cc]: Word in s. 213(3)(b) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/b)
[^key-6b61555356a3f7257e640d2de52471ec]: Words in s. 213(3)(c) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(c)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/c)
[^key-5385a2899bd21d070e744b26fc9737a7]: Words in s. 213(3)(ca) substituted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(2)(d)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/2/d)
[^key-3a3fcb5b6f2ee20053829536917b479b]: S. 213(3A) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e12ae8862f1f1ddc5e3c25af14971e13]: S. 213(3B) repealed (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/3), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-e4110619fb7a7a82fd0cdb34c8658ede]: S. 213(4A)(5) substituted for s. 213(5) (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/4)
[^key-989ee3fbb5839ee27bf68617042872b4]: S. 213(8A)-(8I) inserted (with effect in accordance with Sch. 33 para. 16(6) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 16(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/16/5)
[^key-524a8efc7c4976487971177ede893ed7]: Words in s. 213(5A) substituted (with effect in accordance with s. 153(4) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 153(1)(b)](https://www.legislation.gov.uk/ukpga/2003/14/section/153/1/b)
[^key-9926c8b787beb0d47ca037716cb4267a]: Word in s. 228(6)(b) substituted (with effect in accordance with s. 155(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 27 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/27/paragraph/2/3)
[^key-e3acbaa7e34ae60d1dbcae11000a144b]: S. 288(1A) inserted (with effect in accordance with Sch. 22 para. 54(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 22 para. 54(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/22/paragraph/54/1)
[^key-5a4b4d91c82cf302de8b431833068272]: Words in Sch. 1 heading inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/1)
[^key-e25068e5ab02e64e673f99364f9a6adf]: Sch. 1 para. 1(5A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/2)
[^key-1153f62323816faed5bb4bd4ab1374b1]: Words in Sch. 1 para. 1(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(2)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/2/a)
[^key-ec450e161239ef81d68078e84fdb1640]: Words in Sch. 1 para. 1(3) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 4(4)(a)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/4/4/a)
[^key-0f64f6bec7110a74b473750b52fffb4d]: Sch. 1 para. 2(6A) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 2(3)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/2/3)
[^key-fd03cc959dc623daab9ce5207fc403fe]: Words in Sch. 1 para. 2(1) substituted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/2)
[^key-131156ef4d47b3bee435c5df2466422c]: Words in Sch. 1 para. 2(2) inserted (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/3/b)
[^key-61c42c681b65a50413ffbec3a3e1458b]: Sch. 1 para. 2(3) repealed (with application in accordance with Sch. 28 para. 7 of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 28 para. 5(5)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/28/paragraph/5/5), [Sch. 43 Pt. 3(7)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/7)
[^key-25ba63cc7aea133ab056990e37844068]: Words in Sch. 4C para. 10(1) substituted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-a2356edd917706063b4f64a695b0941d]: Sch. 4C para. 13A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 6(4)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/6/4) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-c45b7a40aaf6886a970eae9d1674a260]: Sch. 4C para. 12A and cross-heading inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(2)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-63c67a223b9d662190d9ba11fe39e275]: Sch. 4C paras. 8, 8A-8C, 9 and cross-headings substituted for Sch. 4C paras. 8, 9 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 4(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/4/1) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-e16035ac98e0c4fbbe1bcba5f6302a60]: Sch. 4C paras. 7A, 7B and cross-headings inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 3](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/3) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-7cbe9054f1eb781fadd4125a00a2a989]: Sch. 4C para. 1 and cross-heading substituted for Sch. 4C paras. 1, 2 (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 29 para. 2](https://www.legislation.gov.uk/ukpga/2003/14/schedule/29/paragraph/2) (with [s. 163(4)-(6)](https://www.legislation.gov.uk/ukpga/2003/14/section/163/4))
[^key-0109d6172370940de20a623008aee19f]: Words in Sch. 7AD para. 10(1) repealed (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 43 Pt. 3(12)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/43/part/3/12)
[^key-c6ff3122034b179d60ce5de77535a069]: S. 144ZA inserted (10.7.2003) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 158(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/1) (with [s. 158(2)](https://www.legislation.gov.uk/ukpga/2003/14/section/158/2))
[^key-5a9451e6f1f141be526fc4af929e24ff]: Ss. 279A-279D inserted (with effect in accordance with s. 162(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [s. 162(1)](https://www.legislation.gov.uk/ukpga/2003/14/section/162/1)
[^key-d5674cfa191dae64e41a647dc0cf7414]: S. 210A inserted (with effect in accordance with Sch. 33 para. 14(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 14(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/14/1)
[^key-0b226ac7db1f29eac80f01aa5cf850ec]: S. 210B inserted (with effect in accordance with Sch. 33 para. 15(2)(3) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 15(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/15/1)
[^key-fb2a656b2164b57927129ac71131d0d5]: S. 211ZA inserted (with effect in accordance with Sch. 33 para. 21(2) of the amending Act) by [Finance Act 2003 (c. 14)](https://www.legislation.gov.uk/ukpga/2003/14), [Sch. 33 para. 21(1)](https://www.legislation.gov.uk/ukpga/2003/14/schedule/33/paragraph/21/1)
[^key-ce558e635b803e5b07323c27c2ca55ac]: Sch. 10 para. 7 repealed (25.7.2003 for specified purposes, 29.12.2003 in so far as not already in force) by [Communications Act 2003 (c. 21)](https://www.legislation.gov.uk/ukpga/2003/21), [s. 411(2)](https://www.legislation.gov.uk/ukpga/2003/21/section/411/2), [Sch. 19(1)](https://www.legislation.gov.uk/ukpga/2003/21/schedule/19/1) Note 1 (with [Sch. 18](https://www.legislation.gov.uk/ukpga/2003/21/schedule/18)); [S.I. 2003/1900](https://www.legislation.gov.uk/uksi/2003/1900), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2003/1900/article/1/2), [2(1)](https://www.legislation.gov.uk/uksi/2003/1900/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2003/1900/schedule/1) (with [art. 3](https://www.legislation.gov.uk/uksi/2003/1900/article/3)) (as amended by [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), art. 1(3)); [S.I. 2003/3142](https://www.legislation.gov.uk/uksi/2003/3142), [art. 3(2)](https://www.legislation.gov.uk/uksi/2003/3142/article/3/2) (with [art. 11](https://www.legislation.gov.uk/uksi/2003/3142/article/11))
[^key-599dd914c49cfcb7983c1f95fe70f4d7]: S. 3 excluded (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/2/b)
[^key-92382b2694f4854d42cfa48be3f2cdd6]: S. 283(2) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 109(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/3)[(6)](https://www.legislation.gov.uk/ukpga/2004/12/section/109/6)
[^key-525c0f816a71b523ce4bf9a5712b100a]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/2)[(10)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/10)
[^key-44f5af9566db25e7c697933d1c4088b9]: S. 8(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/3)
[^key-08b4a597b8622f211aebd01f4d6cd041]: S. 37(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/a)
[^key-ce208a2c9cec0498726b45259f53c832]: S. 39(1) modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 133(5)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/133/5/b)
[^key-295060c298c1a6eb2c56d3497b761b43]: S. 272 applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 278(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/278/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-067e7c6966779cc5c5d80a2d042411cc]: Act applied (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 23 para. 10(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/23/paragraph/10/4)
[^key-b6e48f12aa3c271cfa5f924330ac4384]: Act construed as one with [Finance Act 1993 (c. 34)](https://www.legislation.gov.uk/ukpga/1993/34), [Sch. 20A para. 5(3)](https://www.legislation.gov.uk/ukpga/1993/34/schedule/20A/paragraph/5/3) (as inserted (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 25 para. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/25/paragraph/3))
[^key-d43032c1e623e9480dd6cce4a9de4eb5]: Act modified by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 763(6A)](https://www.legislation.gov.uk/ukpga/1988/1/section/763/6A) (as inserted (with effect in accordance with [s. 145(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/145/2) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 26 para. 15(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/15/2) (with [Sch. 26 para. 17](https://www.legislation.gov.uk/ukpga/2004/12/schedule/26/paragraph/17)))
[^key-5025d143d72aee63e94dfd5f9668f4cc]: Act modified (22.7.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 36 para. 2(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36/paragraph/2/5) (with [s. 283(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/283/5), [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-f7c964fb962ba8987405a78c4a0af6c8]: Words in s. 99(2) inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/a)
[^key-99c9ab6e0c68909ede7b3038ff4edb4e]: S. 99(2)(aa)(b) substituted for s. 99(2)(b) (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(2)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/2/b)
[^key-c8561e741ed2918b0c06771dd3ef206d]: S. 99A inserted (with effect in accordance with s. 118(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 118(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/118/3)
[^key-64a996dc6ce27b2ae8ca596915e55760]: S. 151A(3) repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/4), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-6e3d1c3cccf51e0a2daef61136c13bd8]: Sch. 5C repealed (with effect in accordance with Sch. 19 para. 7 of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 19 para. 5](https://www.legislation.gov.uk/ukpga/2004/12/schedule/19/paragraph/5), [Sch. 42 Pt. 2(13)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/13)
[^key-a1967a586fd0d0a0af3b3a7bda2b3f5b]: Words in s. 165(1) substituted (with effect in accordance with Sch. 21 para. 10(4) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/2)
[^key-e0d35904ea17c5ee6599d60b834ca36f]: S. 165(3)(ba) inserted (with effect in accordance with Sch. 21 para. 10(5) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/3)
[^key-efda674734412c9233d46d47cd9078f7]: Words in s. 165(10) substituted (with effect in accordance with Sch. 21 para. 10(7) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 21 para. 3(5)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/3/5)
[^key-adb2b1c19ff0a47f1655fe768c24f89f]: Ss. 169B-169G 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. 4](https://www.legislation.gov.uk/ukpga/2004/12/schedule/21/paragraph/4)
[^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-4c1f82b7f6014e166be1e8164c347662]: S. 263D inserted (with effect in accordance with Sch. 24 para. 3(3) of the amending Act) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 24 para. 3(1)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/24/paragraph/3/1)
[^key-509d6d8ec331c00bb43c35c89a922373]: S. 170 applied (with modifications) (1.8.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 307(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/307/4), [319(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/319/2) (with [s. 314](https://www.legislation.gov.uk/ukpga/2004/12/section/314))
[^key-12acdb83b647a4959ce13cb949fbd6d5]: S. 119A(5) substituted (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/2) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-a57704fc86e97d242a4fd456db296c21]: S. 119A(8) repealed (1.9.2004) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 85(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/85/2), [Sch. 16 para. 6(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/3), [Sch. 42 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/2/10) (with [Sch. 16 para. 6(4)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/16/paragraph/6/4)); [S.I. 2004/1945](https://www.legislation.gov.uk/uksi/2004/1945), [art. 2](https://www.legislation.gov.uk/uksi/2004/1945/article/2)
[^key-bc5b8d3625cf52f95bc0f14906249ecb]: S. 100(1) modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [5](https://www.legislation.gov.uk/uksi/2004/2199/regulation/5)
[^key-d245461398d44cb74a29fe396184e1af]: S. 151A modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-26be231b8b9a62ecbf656f497ef42ecf]: S. 151B modified (with effect in accordance with reg. 1(2)(a) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [6(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/6/1), [13(4)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/13/4)
[^key-5e5dddca1c84496d0f3ec914f39f2c23]: S. 171(2)(cc) excluded (with effect in accordance with reg. 1(2)(b) of the amending S.I.) by [The Venture Capital Trust (Winding up and Mergers) (Tax) Regulations 2004 (S.I. 2004/2199)](https://www.legislation.gov.uk/uksi/2004/2199), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/1/1), [12(2)](https://www.legislation.gov.uk/uksi/2004/2199/regulation/12/2)
[^key-edd798ebc06ebc67373617f774b159b7]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2004 (S.I. 2004/2200)](https://www.legislation.gov.uk/uksi/2004/2200), [reg. 7](https://www.legislation.gov.uk/uksi/2004/2200/regulation/7)
[^key-3044050c997fd5eb9175b95129037552]: S. 37(4) repealed (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 2004, Sections 38 to 40 and 45 and Schedule 6 (Consequential Amendment of Enactments) Order 2004 (S.I. 2004/2310)](https://www.legislation.gov.uk/uksi/2004/2310), [art. 1(2)](https://www.legislation.gov.uk/uksi/2004/2310/article/1/2), [Sch. para. 48(2)](https://www.legislation.gov.uk/uksi/2004/2310/schedule/paragraph/48/2)
[^key-a4f9dde5617633a2bd51391b7dae328a]: S. 38(1)(a)(b) restricted (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 4(2)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/4/2) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-529ebbdf869391f68aa849367199feff]: S. 179 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 5](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/5), [19](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/19) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-0f39dc0b3c88d267660b5d10950d507f]: Ss. 170-181 modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 para. 35(a)](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/35/a) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^M_C_522024b7-6d9c-4cd7-b4c6-d244d6208f0a]: Act modified (5.10.2004) by [Energy Act 2004 (c. 20)](https://www.legislation.gov.uk/ukpga/2004/20), [s. 198(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/198/2), [Sch. 9 paras. 6](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/6), [20](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/20), [28](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/28), [32](https://www.legislation.gov.uk/ukpga/2004/20/schedule/9/paragraph/32) (with [s. 38(2)](https://www.legislation.gov.uk/ukpga/2004/20/section/38/2)); [S.I. 2004/2575](https://www.legislation.gov.uk/uksi/2004/2575), [art. 2(1)](https://www.legislation.gov.uk/uksi/2004/2575/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2004/2575/schedule/1)
[^key-86a253ed285558ac590be6a0768ea6b6]: S. 271(1)(a)(i)(ia) substituted for s. 271(1)(a)(i) (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(a)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/a) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-5b3e92c93edf76b358dab0ac48ce3544]: Words in s. 271(1)(a)(ii) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(2)(b)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/2/b) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-b57d2798727e7d26cb27608aa3434c13]: Words in s. 288(1) inserted (15.11.2004) by [The Government Stock (Consequential and Transitional Provision) (No.3) Order 2004 (S.I. 2004/2744)](https://www.legislation.gov.uk/uksi/2004/2744), [art. 1](https://www.legislation.gov.uk/uksi/2004/2744/article/1), [Sch. para. 3(3)](https://www.legislation.gov.uk/uksi/2004/2744/schedule/paragraph/3/3) (with [art. 3](https://www.legislation.gov.uk/uksi/2004/2744/article/3))
[^key-9a6fea55112edf10076898907dabfd43]: S. 3(2) sum amended (for the year 2005-06) by [The Capital Gains Tax (Annual Exempt Amount) Order 2005 (S.I. 2005/721)](https://www.legislation.gov.uk/uksi/2005/721), [art. 2](https://www.legislation.gov.uk/uksi/2005/721/article/2)
[^key-fcd2b3a02bb3d3969efa1d11d26e851e]: Words in s. 155 inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Finance Act 1993, Section 86(2), (Single Payment Scheme) Order 2005 (S.I. 2005/409)](https://www.legislation.gov.uk/uksi/2005/409), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2005/409/article/1/1), [2](https://www.legislation.gov.uk/uksi/2005/409/article/2)
[^key-e5d3a9bb68669551e3c9c2e64f651241]: S. 143(5)(6) applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-2442d9310cb62d569e7380e03ef63a95]: S. 144 applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-b1895d4f3cb9c833affccd4e4cba7f0e]: S. 144A applied (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [ss. 562(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/562/1), [883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1) (with [s. 563](https://www.legislation.gov.uk/ukpga/2005/5/section/563), [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-eabed56e6ae6444a15260b7e5616ee8b]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(a)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-841a4ffb78e6551cfe2feb4e60625fe2]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 430(b)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/430/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-8ff4773e340ccbaa02ce74db1d2ab1e3]: S. 59(1) renumbered (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-6c2dc8d310b30605ba524d97bf871cee]: S. 59(2)(3) inserted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 431(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/431/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-621c9572b8f9bddcf34d8189bd78b6db]: S. 59(4) inserted (retrospective to 6.4.2005) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 58(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/2)[(4)](https://www.legislation.gov.uk/ukpga/2008/9/section/58/4)
[^key-e2b2c1440600f95aac686de5300dd607]: Words in s. 117(2AA) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-0bb2c6875129ef7c869f075d269803d1]: Words in s. 117(6C) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 433(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/433/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-7e3957c2a3313e0abecfe7df4109a563]: Words in s. 142(1) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(2)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-08cd2cac452caf067b175f7bb77709f8]: Words in s. 142(3) substituted (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 434(3)](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/434/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-5ef5d4c18fb64fbb7084ffc91ac978b4]: S. 151(2) substituted for s. 151(2)(2A) (with effect in accordance with s. 883(1) of the amending Act) by [Income Tax (Trading and Other Income) Act 2005 (c. 5)](https://www.legislation.gov.uk/ukpga/2005/5), [s. 883(1)](https://www.legislation.gov.uk/ukpga/2005/5/section/883/1), [Sch. 1 para. 436](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/436) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2005/5/schedule/2))
[^key-c5d094c22fdf2288cf6285bfd3abd17f]: Ss. 148A-148C 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. 435](https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/435) (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-6de12dbe09d640159316c45acbcb4192]: Words in s. 10A(3)(a) substituted (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(2)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/2/a)
[^key-3ca2f4d6a3e4d97624560b9ff7721e1e]: Word in s. 10A(3)(d) inserted (with effect in accordance with s. 32(8) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(2)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/2/b)
[^key-62151e143c81851fb7b45182eab5a774]: Words in s. 10A(8) inserted (with effect in accordance with s. 32(9) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/3)
[^key-49c3f1ab36b4c7de5d58426bc12221c1]: S. 10A(9)(9A)(9B) substituted for s. 10A(9) (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/4)
[^key-f5db0953078c9c7a0fe6e84c8e3087e1]: S. 10A(9C) inserted (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(5)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/5)
[^key-5d479536bb009f1d17be9da432b9f737]: S. 10A(10) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 32(6)](https://www.legislation.gov.uk/ukpga/2005/22/section/32/6), [Sch. 11 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/11/part/2/4)
[^key-3dd3fe0309353a07ca5f6cb1c0da3817]: Words in s. 16(3) inserted (with effect in accordance with Sch. 4 para. 10(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 7(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/7/2)
[^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-f9950fc2355051be158551b26479b9cc]: S. 100(2A)(2B) inserted (with effect in accordance with s. 20(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 20(2)](https://www.legislation.gov.uk/ukpga/2005/22/section/20/2)
[^key-a1796becb93c1250449326d69524ab57]: S. 105A(1)(b)(i)(ii) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/3/2)
[^key-5cca57ab5aa88acf3d0a826ae8931406]: Words in s. 116(8A) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/a)
[^key-49ca15cfa608caf229c7211e8db713a5]: Words in s. 116(8A) substituted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(1)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/1/b)
[^key-c5a1a919da8e74aba71426d317c10b30]: S. 116(8B) inserted (with effect in accordance with Sch. 6 para. 8(3) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 6 para. 8(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/6/paragraph/8/2)
[^key-2565707dbfb63459cefc2e730f8c99a8]: Word in s. 116(11) inserted (with effect in accordance with s. 64(5) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 64(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/64/1)
[^key-4733dfd912cf7fd144b8abfdde89baa6]: Words in s. 140A(1)(b) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/3/a)
[^key-a43e89b6a20288598d282590d22991e4]: Words in s. 140C(1)(c) substituted (with effect in accordance with s. 59(7) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 59(4)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/59/4/a)
[^key-5ab47b611e0816a0851cc18f3ae4fbd3]: Words in s. 144ZA(1) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/2)
[^key-64017824727c00fc93701b588c09f934]: Words in s. 144ZA(4) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/3)
[^key-d70ea01d770ffb20faf5a7c26c89a921]: S. 144ZA(4A) inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/4)
[^key-d527ae5c5ed9958a55a2b8f83196c1a6]: S. 144ZA(5) substituted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 1(5)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/1/5)
[^key-b7c0de1881827f5f517a0ea996a748b2]: Ss. 144ZB-144ZD inserted (with effect in accordance with Sch. 5 para. 6(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 2](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/2)
[^key-ad7cada7cd3778f17effd8f211dd1a22]: S. 149A(1)(b) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/2)
[^key-0646e5b2b6a0e7fd33ed513711164cca]: Words in s. 149A(1)(c) inserted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/3)
[^key-823b40ec3f1ed54423cb5647627a1a9c]: S. 149A heading substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/4/4)
[^key-5cfea012226951a01cba80768c0d7401]: S. 170(10A) inserted (with effect in accordance with s. 62(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 62(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/62/1)
[^key-c035ee62a52f0193ea72ffeea707bfda]: Words in s. 265(3) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 3(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/3/2)
[^key-362c51805548887cd44d0b80df8842cc]: S. 275 renumbered as s. 275(1) (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/2)
[^key-c63ccce3c1e7ae2690f829249297d6ff]: Word in s. 275(1)(d) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(3)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/3)
[^key-2c63842a1ed9a66a136bd5e4cccd42ba]: S. 275(1)(da) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(4)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/4)
[^key-8039f6b7f284108923c32a45f2aaa694]: Words in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/a)
[^key-16eb3f64969ff057109eefac86e01107]: Word in s. 275(1)(e) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/5/b)
[^key-ca283f262447dc943c3ec22495e9af82]: S. 275(1)(h) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(6)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/6)
[^key-bd2b7f9c7a8572c730aeb81f041b9bc3]: S. 275(1)(j) substituted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(7)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/7)
[^key-78b102eab09cbaa7883ac403b0582438]: S. 275(2)-(4) inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 4(8)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/4/8)
[^key-4b6745ca38d624c1f9e4ec3176eb8032]: Ss. 275A, 275B inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 5](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/5)
[^key-c4b83573f9036874ac3fd5fd4a0c460e]: S. 275C inserted (with effect in accordance with Sch. 4 para. 10(1) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 6](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/6)
[^key-60c8a8eea6ac548ef638ad7e087256fb]: Words in s. 288(1A) substituted (with effect in accordance with Sch. 5 para. 6(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 5 para. 5(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/5/paragraph/5/2)
[^key-d2361cee248d4ea86e45bc7800cf1036]: Words in Sch. 7A para. 1(6)(a) inserted (with effect in accordance with s. 65(6) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 65(4)](https://www.legislation.gov.uk/ukpga/2005/22/section/65/4)
[^key-0565aab54ce0e40600e05dac621f4ce4]: Words in Sch. 7AC para. 3(2)(c)(ii) substituted (with effect in accordance with Sch. 4 para. 10(4) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 4 para. 9(2)](https://www.legislation.gov.uk/ukpga/2005/22/schedule/4/paragraph/9/2)
[^key-1f0737df0491bb7a93c10a2aa4987077]: S. 83A inserted (with effect in accordance with s. 33(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 33(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/33/1)
[^key-dd7432083ee709cccc5bd862aaecaa49]: S. 99B inserted (with effect in accordance with s. 21(2) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 21(1)](https://www.legislation.gov.uk/ukpga/2005/22/section/21/1)
[^key-52033632b5fba14d5e81f6ef779e5431]: S. 151D inserted (20.7.2005) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [Sch. 7 para. 8](https://www.legislation.gov.uk/ukpga/2005/22/schedule/7/paragraph/8)
[^key-1544edc4772c7d1a7ac35459dd3cf291]: S. 17 restricted (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 25](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/25); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-6b04df41ccd957c46b3c6a60fbbfd334]: S. 179 modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 26](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/26); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-f683185a0139b72384d80c8e977298cc]: Act modified (E.W.S.) (24.7.2005) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 27](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/27); [S.I. 2005/1909](https://www.legislation.gov.uk/uksi/2005/1909), [art. 2](https://www.legislation.gov.uk/uksi/2005/1909/article/2), [Sch.](https://www.legislation.gov.uk/uksi/2005/1909/schedule)
[^key-955a3d40f92e35ed3f452578c70d0325]: S. 30 modified (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 31](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/31); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-01048abcc8a96dd22190ef9d4907f525]: S. 35(3)(d)(xvi) inserted (E.W.S.) (8.6.2005 for specified purposes, 24.7.2005 in so far as not already in force) by [Railways Act 2005 (c. 14)](https://www.legislation.gov.uk/ukpga/2005/14), [s. 60(2)](https://www.legislation.gov.uk/ukpga/2005/14/section/60/2), [Sch. 10 para. 33](https://www.legislation.gov.uk/ukpga/2005/14/schedule/10/paragraph/33); [S.I. 2005/1444](https://www.legislation.gov.uk/uksi/2005/1444), [art. 2(1)](https://www.legislation.gov.uk/uksi/2005/1444/article/2/1), [Sch. 1](https://www.legislation.gov.uk/uksi/2005/1444/schedule/1); S.I. 2005/1909, art. 2, Sch.
[^key-221460fe4023a300f30d282333e7a0ff]: S. 210B modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [35](https://www.legislation.gov.uk/uksi/2005/2014/regulation/35)
[^key-4f6a06ab8801d3d8d2b0ae6798cf6e89]: S. 211ZA modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [36](https://www.legislation.gov.uk/uksi/2005/2014/regulation/36)
[^key-0d8e9a39fd72e414b8c7e1292d600534]: S. 213(1A) modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/2014/regulation/1/1), [38](https://www.legislation.gov.uk/uksi/2005/2014/regulation/38)
[^key-c0db2346a8d15d94b571cc6408902047]: Words in s. 3A(3)(b) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [106](https://www.legislation.gov.uk/uksi/2005/3229/regulation/106)
[^key-ec8e4b99b8deb7f5b716fe7e9064e9a9]: Words in s. 58(1) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/2)
[^key-428191e32d80a0f65132663b38caa99b]: Words in s. 58 heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [107(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/107/3)
[^key-f7c1d9731c082003f3fddb70b7d18343]: Words in s. 150(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [109](https://www.legislation.gov.uk/uksi/2005/3229/regulation/109)
[^key-07abee8dfbbcba1e433e68376797e46a]: Words in s. 162A(5)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [111](https://www.legislation.gov.uk/uksi/2005/3229/regulation/111)
[^key-65f57c27b1a5e4b6b456d55205319523]: Words in s. 168(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [112](https://www.legislation.gov.uk/uksi/2005/3229/regulation/112)
[^key-cec755c594e8119e9392da1924c42f5b]: Words in s. 169D(5) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [113](https://www.legislation.gov.uk/uksi/2005/3229/regulation/113)
[^key-a236aa758666fc728b5f3f60eaa26445]: Words in s. 169F(2) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/2)
[^key-8b67bc538a4f4078c4ebfa3dd9fb88f5]: Words in s. 169F(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/3)
[^key-66845e9c27111eebb9ce19513271c518]: Words in s. 169F(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/a)
[^key-b1490085234d15f9172d35a98012d11e]: Words in s. 169F(4)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/b)
[^key-94e86246888e4ca3c4caf359953d04db]: Words in s. 169F(4)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(4)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/4/c)
[^key-f82eb97136d72bd186e690e4e8c3f656]: S. 169F(5)(a) substituted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/5)
[^key-9c9c87738ba7d96b501b806aa220c37d]: S. 169F(5A) inserted (with effect in accordance with reg. 1(6) of the amending S.I.) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [114(6)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/114/6)
[^key-1587c768f6a4a53295065e040d18ed69]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/a)
[^key-d62f42b347d80e3a70f0d043afb3c59a]: Words in s. 210(5)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/2/b)
[^key-a9e78c22abeb0b32c4c2716216816ce8]: Words in s. 210(6) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/a)
[^key-357df856f8a127fd7ea9f96eda795a9a]: Words in s. 210(6)(a) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/b)
[^key-138ee8d3cd9ee2d73a5d3b7201a8132b]: Words in s. 210(6)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [116(3)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/116/3/c)
[^key-ec40a104f74df7a110302daf284fcd0d]: Words in s. 222(6) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/a)
[^key-44815168c27cc69eeaf8947a4accc2b7]: Words in s. 222(6)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/2/b)
[^key-655bd4e8ceefccba3253db69c100cd5e]: Words in s. 222(7) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/3)
[^key-8ffa75cbeab928df70f8553614bdfab6]: Words in s. 222(8A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/a)
[^key-64523066755880d8390fe6c4c2e45623]: Words in s. 222(8A)(a) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(4)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/4/b)
[^key-bbb77e4db25cd3bcd200d7e138ed86a5]: Words in s. 222(8C) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [117(5)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/117/5)
[^key-4dbd8fac28da784c3ffd4805a87eece1]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/a)
[^key-2903e89cfc8119b34b46bcc657ee714f]: Words in s. 226(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [118(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/118/b)
[^key-919390423d76bbd97f19b9247f756515]: Words in s. 230(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-009fe0c0e978a148d87b024b405a072a]: Words in s. 230(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-959fea1751bcd816292cd48a7db0f438]: Words in s. 230(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-30a892f47fbbffc87a8254c33e989c37]: Words in s. 230(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [119](https://www.legislation.gov.uk/uksi/2005/3229/regulation/119)
[^key-bbea87f5951c56915a126d5b912fec89]: Words in s. 253(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(2)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/2)
[^key-5925cc6c7d2bd66ea039228cdfa523a4]: Words in s. 253(4)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/3)
[^key-284b8382b898117ca3c5a93c58abe8ce]: S. 253(14)(aa) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [120(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/120/4)
[^key-8c3519e2b772c580247e0d666db755c9]: Words in s. 286(2) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-28cc695da7fd4b14fed4e3ab7181e95e]: Words in s. 286(4) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [121](https://www.legislation.gov.uk/uksi/2005/3229/regulation/121)
[^key-a8f2a27b56281f4a183390e6c4f8dc82]: Words in s. 288(1) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/a)
[^key-90f8695bd96ed0efcd9c4c10fabf283c]: Words in s. 288(3) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [122(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/122/b)
[^key-2bd2b3b10626b2209a0edce51ecda0db]: Words in Sch. 2 para. 22 cross-heading substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [124(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/124/b/ii)
[^key-2bec920e3ce0bf72e41fed8c745f861f]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/a)
[^key-7dcff352bd09ae40fa1b46a901c7ab8e]: Words in Sch. 4A para. 7(5)(b) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [125(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/125/b)
[^key-ed6042b30bdbd55af88f3aaa8c6398ea]: Words in Sch. 5 para. 2(3) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/a)
[^key-0d16fd5cf65c7fd819665f706dbc4410]: Sch. 5 para. 2(4)(c) substituted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(b)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/b)
[^key-50408777cee3336d9a53cc371b40737d]: Sch. 5 para. 2(4A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(2)(c)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/2/c)
[^key-9c7fb303505dfb3989e62b45e32c5d41]: Words in Sch. 5 para. 2A(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(3)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/3)
[^key-803578974764d3cd763d62e3c499fda3]: Words in Sch. 5 para. 4(4) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(4)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/4)
[^key-f1146dd58014c51c791014abadf93cae]: Words in Sch. 5 para. 9(7) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(a)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/a)
[^key-c5459273a902479e8a60320bc57f6237]: Words in Sch. 5 para. 9(10A) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(i)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/i)
[^key-4648c94c5fcc9773d392a0540c46c72e]: Words in Sch. 5 para. 9(10A)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [126(5)(b)(ii)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/126/5/b/ii)
[^key-f4fcada040ff863c2dc6446f8a6ff203]: Words in Sch. 5B para. 3 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-716a99c79f0d59390f657377a5928315]: Words in Sch. 5B para. 4 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-e763e5ac648191f734263f52938631f2]: Words in Sch. 5B para. 5 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-a96bbe599640140bb713de2b42651d1f]: Words in Sch. 5B para. 8 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-374ec9a2b512b162feb3523df171fbb7]: Words in Sch. 5B para. 12 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-772a3bac5b8e158c7d3c6a2dbbacb33b]: Words in Sch. 5B para. 16 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7459336c4b3a6cd5b89e6b0e13467d8]: Words in Sch. 5B para. 19 inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [127](https://www.legislation.gov.uk/uksi/2005/3229/regulation/127)
[^key-b7e65799284ea2ea840e7a1746403968]: Words in Sch. 7C para. 6(1)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-3ab23046aebdc8201f2467822661c20d]: Words in Sch. 7C para. 6(3)(c) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-4a436d3d755011577990acc9ecb545d4]: Words in Sch. 7C para. 6(5)(e) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-ec86535bbcce3df4ca7e4c61669971ae]: Words in Sch. 7C para. 6(7)(d) inserted (5.12.2005) by [The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229)](https://www.legislation.gov.uk/uksi/2005/3229), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2005/3229/regulation/1/1), [129](https://www.legislation.gov.uk/uksi/2005/3229/regulation/129)
[^key-faf449a6816614d9696c39c83c5097e7]: S. 72(1A)-(1C) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/2)
[^key-417d0a8c95c8c40267367eb47a439684]: S. 72(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/30/3)
[^key-374b6d870d574cc8cf376adf477ace11]: S. 73(2A) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [31](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/31)
[^key-fb953b82f760f27d427d8afbdf3c3e34]: S. 260(2)(da)(db) inserted (retrospective to 22.3.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 20 paras. 29(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/29/2), [32](https://www.legislation.gov.uk/ukpga/2006/25/schedule/20/paragraph/32)
[^key-f7fbdfb68f458bc99624f88e07b947bf]: Words in s. 143(1) inserted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(a)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/a)
[^key-4846950048fc75975823dbc2a13f08ab]: Words in s. 143(1) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(2)(b)](https://www.legislation.gov.uk/uksi/2006/959/article/3/2/b)
[^key-89a9e0edbbb9b1065a1e3e6e7be0e1f8]: Words in s. 161(3) substituted (with effect in accordance with art. 1(3)(4) of the amending S.I.) by [The Income Tax (Trading and Other Income) Act 2005 (Consequential Amendments) Order 2006 (S.I. 2006/959)](https://www.legislation.gov.uk/uksi/2006/959), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2006/959/article/1/2), [3(3)](https://www.legislation.gov.uk/uksi/2006/959/article/3/3)
[^key-6355682a48faa93ad6416edd8c04cf29]: S. 116(10) excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0ba6b14032459260d0d129f24cc05c5b]: S. 127 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [66(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/66/1)
[^key-0f77852efd2952955907a8573246e713]: Act modified (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. 97-110](https://www.legislation.gov.uk/uksi/2006/964/regulation/97)
[^key-5bfa3b39915446dd9b25912d333c50f9]: Words in s. 99B(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/964/regulation/1/1), [89(2)](https://www.legislation.gov.uk/uksi/2006/964/regulation/89/2)
[^key-aa1261f5d601d56cbe306cd3ef641b29]: S. 170 modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 1](https://www.legislation.gov.uk/uksi/2006/575/regulation/1), [37(1)](https://www.legislation.gov.uk/uksi/2006/575/regulation/37/1)
[^key-53ef311418c362959545cebe189fac14]: Act applied (with modifications) by [Finance Act 2004 (c. 36)](https://www.legislation.gov.uk/ukpga/2004/36), [s. 185G](https://www.legislation.gov.uk/ukpga/2004/36/section/185G) (as inserted (6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 6](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/6))
[^key-9e4612254eef7b6eff7104cded01cb12]: Words in s. 13(10B)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 39](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/39) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3ed2c5842b1c69be0c9507d14bf16968]: S. 239A and cross-heading substituted for ss. 239A, 239B (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 40](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/40) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-89f31eb80c39efcedcc1c32c0b57bc9b]: Words in s. 68 substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/3)
[^key-5403a8b7f0a178f4a62eb959e46906c3]: Ss. 68A, 68B inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/4)
[^key-86a6b24e4d8c6eac7e0ec38d70545762]: Words in s. 97(7) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/a)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-9360467c31650b3cf0dafff52ee525fd]: Words in s. 97(7) substituted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/1/b)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-8453eb195d57c51263fa5c820aca43f8]: S. 97(7A) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 15(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/15/3)
[^key-16d0257e5bedcb524bf17c18703346c2]: Word in s. 98(2)(a) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/b)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-65a096b0da797f438eead6f8406bb7f2]: S. 98(2)(b) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 16(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/1/c)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/16/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-7920e5923a85db2450cb98c1dbb954a4]: S. 99A(4)(c) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b972799a9013a874dabf17da5c2b8d91]: Words in s. 104(1) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 17(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/17/2)
[^key-4404088eb89a673ecc5980d467183e55]: Words in s. 109(2)(a) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 18(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/18/2)
[^key-69414ef7db80f1710c7579bc45ff5f3d]: Words in s. 169D(5) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 19(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/19/2)
[^key-e55a845e04817c86beb671013f7468bc]: Words in s. 271(1)(b) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(2)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/2), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-be5e644334c81e2fb0aed9c4e978db5e]: S. 271(1)(d) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-fec19b8dae2ae2e79edf25c50e921479]: S. 271(1)(g) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/b), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-18cb2e3682e4a2d9e9b648e371e72013]: S. 271(1)(h) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(c)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/c), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-5c7cf06067607028ab5cd5868c04f149]: S. 271(1)(j) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)(d)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3/d), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-19436f797984be10f31c837f61937936]: Words in s. 271(1) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(3)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/3), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-ac873f0e61eff4e843e00502f0edf127]: S. 271(1A) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(4)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/4), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-9a780b0d3ab4b528cac8a4d478ffd5a9]: S. 271(2) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(5)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/5), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-30a172f528be5a9f32339aeb56bc4e13]: Words in s. 271(10) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(a)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/a), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-b9855b2cd233b6f94157be45cc9ee9f8]: Words in s. 271(10) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(6)(b)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/6/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-1bbc86bfe4279552282de80fb6e4c5fc]: Words in s. 271(12) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [ss. 187(7)](https://www.legislation.gov.uk/ukpga/2004/12/section/187/7), [284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7cfcd71bd942ca9607c9e068e6496436]: S. 271(1B) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 158(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/158/2), [Sch. 21 para. 1](https://www.legislation.gov.uk/ukpga/2006/25/schedule/21/paragraph/1)
[^key-68f6bc9cbadfa0cbb3f6f752c1c83000]: S. 271(1)(ea) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/2)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-b53abf963ae98ed13782b6fb1c22ad58]: S. 271(1ZA)(1ZB) inserted (retrospective to 6.4.2006) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 14 para. 2(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/3)[(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/14/paragraph/2/4)
[^key-7a2d42d8ee3eb8b21a713340813f20c3]: Words in s. 286(3) repealed (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/1)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-5cf86ccf9d8af870e2a399adf5ed7136]: S. 286(3ZA) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 25(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/2)[(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/25/3)
[^key-350c5f05259b3c3ac8497d3d61a69c33]: Words in s. 288(1) inserted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 41](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/41) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-7dcba2f7116ab70aa0307833b2a1774e]: Words in s. 288(8) inserted (retrospective to 6.4.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 26(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/1)[(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/26/2)
[^key-f55a597bd9c350a93e6a054659656065]: Words in Sch. 1 para. 2(7)(b)(ii) substituted (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(2)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/2) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-4a413e1136ea5847aa084c62f6b4eb2e]: Sch. 1 para. 2(8) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [s. 284(1)](https://www.legislation.gov.uk/ukpga/2004/12/section/284/1), [Sch. 35 para. 42(3)](https://www.legislation.gov.uk/ukpga/2004/12/schedule/35/paragraph/42/3), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^key-3aea839001c2e470ffb63515637d6cbc]: Sch. 10 para. 14(21) repealed (6.4.2006) by [Finance Act 2004 (c. 12)](https://www.legislation.gov.uk/ukpga/2004/12), [Sch. 42 Pt. 3](https://www.legislation.gov.uk/ukpga/2004/12/schedule/42/part/3) (with [Sch. 36](https://www.legislation.gov.uk/ukpga/2004/12/schedule/36))
[^M_C_b15eae36-8473-43ab-ceb5-4470e2cac3cc]: Act modified (6.4.2006) by [The Pension Protection Fund (Tax) Regulations 2006 (S.I. 2006/575)](https://www.legislation.gov.uk/uksi/2006/575), [regs. 37](https://www.legislation.gov.uk/uksi/1998/3177/regulation/37), [38](https://www.legislation.gov.uk/uksi/1998/3177/regulation/38)
[^M_C_62e41701-75aa-4af3-d561-fd44b25e89a6]: Act modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Pension Protection Fund (Tax) (2005-06) Regulations 2005 (S.I. 2005/1907)](https://www.legislation.gov.uk/uksi/2005/1907), [reg. 11](https://www.legislation.gov.uk/uksi/2005/1907/regulation/11)
[^key-c917f26db2a58d6bd23e70a7823dce0b]: Act construed as one with [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [ss. 124-126](https://www.legislation.gov.uk/ukpga/2006/25/section/124) (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 127](https://www.legislation.gov.uk/ukpga/2006/25/section/127)
[^key-65b7906d3f3f5a4ecad39ec118caf4d8]: S. 10A(9A) 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)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/a), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-71cef109217a1b278f381e78a4bf6eaa]: Words in s. 13(10) substituted (with effect in accordance with Sch. 12 para. 8(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 8(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/8/1)
[^key-e73a94609856439293890221f121a1dd]: S. 21(1)(b) substituted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 9](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/9)
[^key-a0c1e8ae1dfad44ccdc49199ca5d2048]: Word in s. 60(1) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/1)
[^key-d8eb37e2141892db776f9470cc47eba4]: Word in s. 60(2) substituted (with effect in accordance with Sch. 12 para. 10(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 10(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/10/2)
[^key-1132908d7495052779fddc06c9548223]: Words in s. 63(1) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-4f9fdb5b105790ac33254745996e255f]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/i), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-ee67858c9c9f8aca34463e7651399d04]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-1214cbaf90eb5f19e6bcb61de86b1e8e]: Words in s. 63(2) repealed (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(1)(b)(iii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/1/b/iii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-aff3cd3dc4091bacb9390758370247ea]: S. 63A inserted (with effect in accordance with Sch. 12 para. 11(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 11(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/11/2)
[^key-0e1e9b3393e160e4a2b468c2faf9ea7c]: Words in s. 64(1) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/a)
[^key-282a785e2a2617a1bf15b3dcf24e5a19]: Words in s. 64(1)(a) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-041ea87792cac19f955e3c2045f43b7a]: Words in s. 64(1)(b) substituted (with effect in accordance with Sch. 12 para. 12(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 12(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/12/1/b)
[^key-906fb38b6cb0486f680dc35141d33598]: S. 68C inserted (with effect in accordance with Sch. 12 para. 1(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 1(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/1/2)
[^key-a806ea81214f5c809c33c9666479f265]: S. 69A inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/1)
[^key-efd07206d3accf82170859efcb02fd67]: S. 69(1)-(2E) substituted for s. 69(1)(2) (with effect in accordance with Sch. 12 para. 2(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 2(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/2/1)
[^key-15d00ccee30fb18a0d3659311e92d879]: S. 73(1A) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 42](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/42)
[^key-694d13faaa9ee893815a23821711734f]: Words in s. 76(1B)(a) substituted (with effect in accordance with Sch. 12 para. 30(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph)
[^key-681b467391f5fdb0c4de55e7caf6dbd3]: Word in s. 79B(1) inserted (with effect in accordance with Sch. 12 para. 14(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 14(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/14/1)
[^key-17a0d4e1e547bee660a181601506656c]: Words in s. 83A(4)(b) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(a)](https://www.legislation.gov.uk/ukpga/2006/25/paragraph/34/2/a)
[^key-99893e083305518bcfbf4c90bf64ebf4]: S. 83A(5) repealed (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(4)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/4/b), [Sch. 26 Pt. 3(11)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/11)
[^key-c7c0285eef8764ca29735dc8e37ff041]: Words in s. 86(2)(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)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30)
[^key-ea90c451b29a05e76c4e2604b3025c35]: Words in s. 86(3) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/c)
[^key-56a3855dc6f0462fec8e15f37c494a54]: Word in s. 105(2)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/i)
[^key-ec71b42daa3298a421338ce5ff3a3257]: Word in s. 105(2)(c) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/b/ii), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-c13e6a6e0768b3ca9f358a762e1a0df4]: S. 106 repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/1), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-11e6989c0fb9f3c9ee2002a1caaab86f]: S. 106A(5A) inserted (with effect in accordance with s. 74(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/2)
[^key-9f912480384964f06f004519fffb2f12]: Words in s. 108(8) repealed (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/c), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9)
[^key-d95f9ebec60979a6ca49aa61f3616726]: Words in s. 110(1)(b) substituted (with effect in accordance with s. 72(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 72(2)(d)](https://www.legislation.gov.uk/ukpga/2006/25/section/72/2/d)
[^key-ef3f17c7bdf953caf0c58bff3dcab83c]: Words in s. 169F(1) substituted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/a)
[^key-d602770ec315039fec001ee9cd781a77]: Words in s. 169F(2)(a) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/b)
[^key-977784ea48b4e468a0c1341517bf8094]: S. 169F(3A) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/c)
[^key-4489758b268a01e1c20dd00bae8bd535]: S. 169F(4A)(4B) inserted (with effect in accordance with Sch. 12 para. 4(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 4(1)(d)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/4/1/d)
[^key-3d082decd0ac04ccab7468838e3052a1]: S. 171(2)(da) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 135](https://www.legislation.gov.uk/ukpga/2006/25/section/135)
[^key-c8556b2e1575a70364012adc1391cc83]: S. 177B repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-0864c10174eeebb6b12254b20e520c67]: Sch. 7AA repealed (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/4), [Sch. 26 Pt. 3(9)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/9) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-d6da08db6aa32de3a19f685f51352c38]: Ss. 184A-184F and cross-heading inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/2) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-b413227873daeb9f12c8ef42c76c09f1]: S. 204 substituted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(2)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/2)
[^key-1c8214414f5888f2fb4e1b5078c18c25]: S. 212(1)(c) and preceding word inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 137](https://www.legislation.gov.uk/ukpga/2006/25/section/137)
[^key-0683b0440d6987d42466d7e579cb0217]: Words in s. 213(8H) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/a) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-063edefe86c0014a6a9bdcf9a5160df8]: Words in s. 213(8I) substituted (with effect in accordance with s. 70(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(5)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/5/b) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-8e7649ec012a2d219f10a4b377058bc3]: Words in s. 217(3)(a) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/i)
[^key-2f724fcbdd2122f3796434854ac3db00]: Word in s. 217(3)(a) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(a)(ii)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/a/ii), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-76aca482cde5f1d6c8b56e79e36e6b9f]: S. 217(3)(b) repealed (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-fdbf68257fc748410ab8210269342901]: Word in s. 217(5) substituted (with effect in accordance with Sch. 12 para. 20(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 20(1)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/20/1/c)
[^key-f28f35a1d6abc8f4178aa718dd6df740]: Words in s. 227(2) substituted (with effect in accordance with Sch. 12 para. 21(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 21(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/21/1)
[^key-116b82679f46a86627f5930bad395e99]: Words in s. 228(5)(b) substituted (with effect in accordance with Sch. 12 para. 22(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/1)
[^key-39660ffad9aa3bd3111ddab68fbac7ba]: Words in s. 228(7) substituted (with effect in accordance with Sch. 12 para. 22(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 22(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/22/2)
[^key-588bc08c228a070f5fc2491a5afa39a4]: Word in s. 237(a) inserted (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(a)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/a)
[^key-a9c9b69b60c3a75b51ec8056c5e88e85]: S. 237(b) repealed (with effect in accordance with s. 73(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 73(3)(b)](https://www.legislation.gov.uk/ukpga/2006/25/section/73/3/b), [Sch. 26 Pt. 3(10)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/10)
[^key-2e17196bd39b2a112ce6cff9f2886f8e]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/a)
[^key-222857dac8dfe176ca002e63711295c0]: Words in s. 251(5) substituted (with effect in accordance with Sch. 12 para. 23(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 23(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/23/1/b)
[^key-c6b55578957975f047ac977335f8e52a]: Words in s. 272(6) inserted (19.7.2006) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/6/2)
[^key-68634e95f06c391ccd4a2a186d86bd29]: S. 25A inserted (with effect in accordance with Sch. 9 para. 4(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 4(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/4/1)
[^key-05013d8802ee37d9bdb84b5858ef28fa]: S. 41A inserted (with effect in accordance with Sch. 9 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 9 para. 5(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/9/paragraph/5/1)
[^key-204aae2154ecbfbcf23cc8cb713e4dc0]: Words in s. 283(4) substituted (with effect in accordance with Sch. 12 para. 24(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/a)
[^key-116e0f47dedefd467fba0e34706bb6c1]: Words in s. 283(4) repealed (with effect in accordance with Sch. 12 para. 24(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 24(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/24/1/b), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-3e5e259c00c81869699db145c24c57cd]: Word in s. 286(3)(b) repealed (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-d1f90752707566df5a50ad250eeda00c]: S. 286(3)(d)(e) inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 43(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/43/b)
[^key-5624b06d3c01f90b403d3811e7ab2e4e]: S. 288(7B) inserted (with effect in accordance with s. 74(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 74(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/74/3)
[^key-d7802c00b941f0e2e09bc1334b7b4159]: Words in Sch. 1 para. 1(6) substituted (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/1)
[^key-213ba9f54c22bbb9ba2d0b82776482fe]: Words in Sch. 1 para. 2(7) repealed (with effect in accordance with Sch. 12 para. 28(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 28(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/28/2), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-c7c67dd16f65ee5dca2684c35e82f333]: Words in Sch. 4A para. 5(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(e)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/e)
[^key-a0d89cdb844a8013ea3fbab6d1448912]: Word in Sch. 4A para. 7(5)(a) repealed (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(a)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/a), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-448307eb6cbe601a31e5e59e7134b571]: Sch. 4A para. 7(5)(c) and preceding word inserted (with effect in accordance with Sch. 12 para. 5(2) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 5(1)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/5/1/b)
[^key-a13f7b465616c9d3be594cfb57f23940]: Words in Sch. 4C para. 4(2) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/f)
[^key-85658dcf6f46c9838c1f5a9b383f40af]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 12 para. 34(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(f)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34)
[^key-515660c94c8f725e8ac2677b0fd4cb00]: Words in Sch. 5A para. 2(1)(c) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), Sch. 12 para. 30(1)(2)(c)
[^key-b907f5c0f267a0c86337bad1b5eeeed0]: Words in Sch. 5A para. 2(1)(d) substituted (with effect in accordance with Sch. 12 para. 30(5) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(3)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/3)
[^key-4500dc68ed6fe217ec6a143ce542b74b]: Words in Sch. 5A para. 3(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-1eaa77d9cd8095a1ea7d263d3f23aa6d]: Words in Sch. 5A para. 3(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-68875f2f55a8ab5847592015866d406d]: Words in Sch. 5A para. 4(1)(a) substituted (with effect in accordance with Sch. 12 para. 30(6) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 30(1)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/30/2/c)
[^key-32372f9620e85fc2e023395442b3f9e1]: Words in Sch. 5A para. 4(1)(b) substituted (with effect in accordance with Sch. 12 para. 34(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 34(1)(2)(g)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/34/2/g)
[^key-320b32f1303f387adfb0ceeb67e62c5e]: Words in Sch. 7A para. 1(1) inserted (with effect in accordance with s. 70(6)-(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 70(3)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/3) (with [s. 70(10)-(11)](https://www.legislation.gov.uk/ukpga/2006/25/section/70/10))
[^key-bfdbcc1b01762a5278551a00a33a1a84]: Ss. 184G-184I inserted (with effect in accordance with s. 71(4) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 71(1)](https://www.legislation.gov.uk/ukpga/2006/25/section/71/1)
[^key-fb4304e926d8668f252408ddab18ff11]: S. 268A inserted (with effect in accordance with s. 64(8) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [s. 64(4)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/4) (with [s. 64(10)-(12)](https://www.legislation.gov.uk/ukpga/2006/25/section/64/10))
[^key-2552df89eb7174e65b36d92bc79f2c2f]: S. 263E inserted (with effect in accordance with Sch. 6 para. 9(2)(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 6 para. 9(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/6/paragraph/9/1)
[^key-49bc12c40bb720f4af5074781f2396a4]: Sch. 1 para. A1 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(1)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/1)
[^key-2db54aadd3f5036137ad2ed6eb88f53b]: Sch. 1 para. 3 inserted (with effect in accordance with Sch. 12 para. 45 of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 44(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/44/2)
[^key-54f73961895d353bf6526c3d3794b41f]: Sch. 4ZA inserted (with effect in accordance with Sch. 12 para. 6(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 para. 6(2)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/6/2)
[^key-d80251065618f2903758426ebe268911]: S. 171 excluded (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Taxation of Securitisation Companies Regulations 2006 (S.I. 2006/3296)](https://www.legislation.gov.uk/uksi/2006/3296), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/1/1), [18(1)](https://www.legislation.gov.uk/uksi/2006/3296/regulation/18/1)
[^key-1ddd8174062e7e4d07565623a654a6ff]: Act modified (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [regs. 27-32](https://www.legislation.gov.uk/uksi/2006/3271/regulation/27)
[^key-34b7eb5985580da47e3e4527e746a21a]: S. 214B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-e5dcd81616525d23f416ed1f19ec24cb]: Sch. 7B repealed (with effect in accordance with reg. 1 of the amending S.I.) by [The Overseas Life Insurance Companies Regulations 2006 (S.I. 2006/3271)](https://www.legislation.gov.uk/uksi/2006/3271), [reg. 1](https://www.legislation.gov.uk/uksi/2006/3271/regulation/1), [Sch. Pt. 1](https://www.legislation.gov.uk/uksi/2006/3271/schedule/part/1)
[^key-d69aa8857443324ae3efb56c5dbec443]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(a)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/a)
[^key-71bf6833bbce7457c565fb3febe1860f]: Words in s. 117(11)(b) substituted (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(1)(b)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/1/b)
[^key-591bea0ebdcc7c58e49a1ba792d34bb2]: Words in s. 117(11) repealed (1.1.2007) by [The Capital Gains Tax (Definition of Permanent Interest Bearing Share) Regulations 2006 (S.I. 2006/3291)](https://www.legislation.gov.uk/uksi/2006/3291), [regs. 1](https://www.legislation.gov.uk/uksi/2006/3291/regulation/1), [2(2)](https://www.legislation.gov.uk/uksi/2006/3291/regulation/2/2)
[^key-ef78c77c63d44caf19db8e01884aebd3]: S. 3(2) sum amended (for the year 2007-08) by [The Capital Gains Tax (Annual Exempt Amount) Order 2007 (S.I. 2007/942)](https://www.legislation.gov.uk/uksi/2007/942), [art. 2](https://www.legislation.gov.uk/uksi/2007/942/article/2)
[^key-f66e5915616a70cf3ea1e613d324d8c7]: S. 104(4) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 148(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/section/148/8/b), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0cf498ef47f9edfccdaaf28c31a56b23]: S. 138(2) applied (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [ss. 247(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/247/2), [1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-70580c677b040566e06521016f8ba439]: S. 11 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 297](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/297) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-948953fb5dd295ca928bcb7c0a404c76]: Words in s. 16(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 298](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/298) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2feff715020d36d03b3c157d20c5bf7a]: S. 37(5)-(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 299](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/299) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-53ed34ef213ed43f328a1057a3a56081]: S. 39(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 300](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/300) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-82dc4e94810a86c7ebe68168523cfa0f]: Words in s. 83A(3)(a) inserted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 32(a)(i)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/32/a/i), [33](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/33)
[^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-fb65d5d53bb9c81d9c7221eae8aa5863]: Words in s. 86(2)(b) 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)(a)](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-e918bd7f292790d9d7427a4275f679f1]: Words in s. 86(2)(b) 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)(a)](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-46141f113740b193b57fcd3724333a4d]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-4e1180e226de2be278fd7229062ac621]: Words in s. 88(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-d0e340077ffa725b0dd9b9a6c9b19934]: Words in s. 97(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 302](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/302) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e3ce92fdaabe56de8eb78b9f85fe4220]: Words in s. 98(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-84e98823943e756772b0fc40f5432f35]: Words in s. 98(2)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 303(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/303/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5fb60119fe2f1032fe1b1692a5d49965]: Words in s. 101B(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 304](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/304) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9f6e207641873576b948e622acec4edb]: Words in s. 101C(7) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 305](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/305) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dadc3d61b4303486322a7b97d01687b9]: Words in s. 105A(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5a2a8e0f954ab38a6fc563d7bc9069b7]: Words in s. 105A(4)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b126f7940a276a1f3d11f174d092476c]: Words in s. 105A(4)(b)(i) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-db56832cba3c19a4f3b051b8bc034ac4]: Words in s. 105A(4)(b)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-facb24d133b394a2e638cf298673bb0c]: Words in s. 105A(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b9ae39234cca75b3a053356e2ae182af]: Words in s. 105A(7)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7289d33fd082003389ad7ba876303991]: Words in s. 105A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-131f9899ad42a8c7acb99aff7af0d074]: S. 105A(9) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 306(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/306/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9b30d324b27b8ac3cc6f6a9114122dbb]: Words in s. 108(1)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 307](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/307) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9d00581ee7003e2f7fa20b57c473d5bd]: S. 119(1)-(5) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7dc8ddfad2dd1bd0fc45d34404dcc204]: Words in s. 119(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2224dddcbc5db2f338f60c1144018e95]: S. 119(7)-(7B) substituted for s. 119(7) (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-749d5df9f65096ffa88880d2593312a5]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(5)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/5) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3a4c391e5b9fb2da33d88e65f4d8ba47]: Words in s. 119(10) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 308(6)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/308/6) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7aa0c7acfd20729164c33493b6124d6c]: S. 125A and cross-heading inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 309](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/309) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-992c850e7e871dd54d6099237df9a710]: Words in s. 148C(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. 310](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/310) (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-f679fbfb8d7cf4b5524bcd16c40a125c]: Words in s. 263A(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. 334(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/334/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e94082695a2eea00ac10b2fdcc57bb8c]: Words in s. 263D(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. 335(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-407d2da05d23a791622eda9fc30c52f6]: Words in s. 263D(2)(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. 335(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8f3ac2d6d168521341108ab50575078e]: Words in s. 263D(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. 335(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-b26255af64b6bdb8299414cf5beaf948]: Words in s. 263D(3)(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. 335(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-0c70e010ebcd80e0a40c68091d3a0f17]: Words in s. 263D(4)(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5cd725aa9643f44c04a40e4e3fa21803]: Words in s. 263D(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5ad965c16f9528484711c35ec9e154c2]: Words in s. 263D(4)(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. 335(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-55c08c2efb243e47e336595ef70b8d69]: Words in s. 263D(9) 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. 335(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e61fbb6ca1131127c2407aee5e7c8f60]: Words in s. 263D(9)(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. 335(6)(b)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4245b20f033cca9d55d40eaee8a3c734]: Words in s. 263D(9)(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. 335(6)(b)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1134daec599cc34aca15cf062408f8c6]: Words in s. 263D(9)(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. 335(6)(c)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/c/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da0c949fc171be4d9fd8bbac16cd02f0]: Words in s. 263D(9)(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. 335(6)(c)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/6/c/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8966ff7c4b65f48d887b77de0ab52dbf]: Words in s. 263D(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. 335(7)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/7) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-328cefe10871da81eebcc322cca5db80]: Words in s. 263D(12) 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. 335(8)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/8/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8a06dbfa27d1e1bcc502f658f5929ca9]: Words in s. 263D(12) 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. 335(8)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/335/8/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-602e0f9f5b76b91aa6fad891be116ca7]: S. 263F inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 336](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/336) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4d440a5f7c8041ab46f43f6007c83ee5]: S. 263G inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 337](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/337) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-5dd1e61ddefa34e491246610dcbedb0e]: S. 263H inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 338](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/338) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-66b6d21cc392cb56b89493c43e80e82c]: S. 263I inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 339](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/339) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6270021c8d4b848b8a7df959217ab404]: Words in s. 271(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bae19b2ec1c7a5199062018ef42832f6]: S. 271(7A)-(7C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 340(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/340/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ffcb03320186c004ac6c4abfcb74fb22]: S. 285A inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 341](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/341) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-31af7d60581bcaf5b6348fbad44c2acf]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2920215dfb2fc2f8a0164eb5a6da7f6f]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-94f77f734c40903a37e1a79da7944d9c]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-de6036034dcbf872ce293e4169f9773a]: Words in s. 288(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-eeac1af44c04c74891786b27dcc825ab]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-24d4e9f2199e5f0dfc9ea036edb9d352]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e2966f50165255cba98a4849e46cf376]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(g)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-7d30f08fcaf0cb8850ba5fc9426082e5]: Words in s. 288(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(2)(h)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/2/h) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-42407f2420a37363b5d5308c3bb54d34]: Words in s. 288(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(4)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4c7fb45e447d8f9e0b8b3e7dd9893a57]: Words in s. 288(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 342(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/342/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-e077bceb98fef254dc7537f2bfdc4beb]: Words in Sch. 1 para. 2(7)(a) repealed (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 38](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/38), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41), [Sch. 26 Pt. 3(15)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/26/part/3/15)
[^key-bc1c8c1b663b7c1cf4334a895f5be87c]: Words in Sch. 4A para. 5(1) substituted (6.4.2007) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 39](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/39), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-420d5ababd9a42ac37cbf8661aeba06d]: Words in Sch. 4A para. 14 substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 344](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/344) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2736ddfc9af0e59f5744002092f466ba]: Words in Sch. 4C para. 4(1) substituted (with effect in accordance with Sch. 12 para. 36(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 36(1)(2)(b)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/36), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-038e221983afbf40eb3269b3be05699e]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(a)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-83a6e7df241544bb62856a13988bc9a1]: Words in Sch. 4C para. 5(1) substituted (with effect in accordance with Sch. 12 para. 35(3) of the amending Act) by [Finance Act 2006 (c. 25)](https://www.legislation.gov.uk/ukpga/2006/25), [Sch. 12 paras. 35(1)(b)(2)(c)](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/35), [41](https://www.legislation.gov.uk/ukpga/2006/25/schedule/12/paragraph/41)
[^key-b7f7a45a0c9d1b33d332bb5724820d79]: Words in Sch. 5B para. 1(2)(e) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(2)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2e3ac68aa863cdcbc318a0d1ed80112b]: Words in Sch. 5B para. 1A(5)(a) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-01e8f7906ce02e4ff5b36f53f98eac71]: Words in Sch. 5B para. 1A(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(3)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a3bd7333096ed03905e9366edffa1ead]: Words in Sch. 5B para. 4(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-901358e01860acb392f20baeeba123f1]: Words in Sch. 5B para. 4(4A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ff11f373cc2c396d5b23bb8d90ae2d70]: Words in Sch. 5B para. 4(4A)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-9204b1211ebcf0d8b15b5c5dcbaf26a1]: Words in Sch. 5B para. 4(4C) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(4)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/4/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-1d9e64325af643909b501230ac2469ef]: Words in Sch. 5B para. 6(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-28a28aa1623ed5a867018c686d8ceda6]: Words in Sch. 5B para. 6(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-d7d9c1e94ce232e783c0bce2451ae15e]: Words in Sch. 5B para. 6(2) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-377b778d982cec23be97f00ec1484623]: Sch. 5B para. 6(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(5)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-400bc691b1198de2f81a358d5a6f2406]: Words in Sch. 5B para. 7(1)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-45af63bf13606e77d6bac08ef75c9d66]: Words in Sch. 5B para. 7(1)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(6)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/6/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bd9de31b6a759b43f3cb0ebd86c3d0af]: Words in Sch. 5B para. 8(1)(e)(ii) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ee7d5256cdfa83cb9df66fbad97461aa]: Words in Sch. 5B para. 8(5)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8eed742243f940e145bc4b3a2315cb76]: Words in Sch. 5B para. 8(7) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(7)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/7/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-610f1b0727b60e73dd7e6815cfdb89ff]: Words in Sch. 5B para. 9(4)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(8)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/8/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-22a7256b39ac3ebd13e39119f033da31]: Word in Sch. 5B para. 11(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-bb221b5997ec38515837ea8e54bfa834]: Sch. 5B para. 11(5)(b) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(9)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/9/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-da97109a38a1175ee21fe07b2aaceac5]: Words in Sch. 5B para. 13(5) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(10)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/10) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-15d98d2bbd71fdaeb158f328f146d8f7]: Words in Sch. 5B para. 13C(3) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-aac5b866fbf6b02b00e388f63a2c4119]: Sch. 5B para. 13C(4) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(11)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/11/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-574dd4d9e59fab03be8776abfe72cfe5]: Words in Sch. 5B para. 14(3)(b) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8de562546b2893fa3f91f032917fb6f0]: Words in Sch. 5B para. 14(3)(b) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8fb9c7d11b1fa71472d01d34ba761784]: Words in Sch. 5B para. 14(3) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(12)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/12/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4e75cf0319726d7466780595d8b02aff]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6d8f1eb10890f01e6cebde2c84fcb99]: Words in Sch. 5B para. 16(4) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(a)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-f6f832ca411e0dcb6b723a7248640867]: Words in Sch. 5B para. 16(6) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-370dfbf9ce61ee747ec29423b4ae5af6]: Words in Sch. 5B para. 16(7)(a) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c8d52de39d4c9fd9f8e8a29500d52c5d]: Words in Sch. 5B para. 16(7)(aa) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-faaf8a880ec92bf0b7c0573e04f1609c]: Words in Sch. 5B para. 16(7)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(d)(iii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/d/iii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ec904ac70e8639f9e618d8ac346d2923]: Words in Sch. 5B para. 16(7A) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(i)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-745c45a6ad08d4afe3beb74e4e4471bb]: Words in Sch. 5B para. 16(7A) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(13)(e)(ii)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/13/e/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c3c181276bc2dfdad4625665652e45a2]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(a)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-155b1112d1e7dc0f7b19e4fc41a3f87b]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(b)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-dc717a520bbaf59b6474144edd513a8f]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(c)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-8c350b188b7268584c60307575c9a34d]: Words in Sch. 5B para. 19(1) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(d)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-00d3109e72a27dbe054e847b61192f90]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(e)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-4429b1a0ff65ae1a86819f21fff980b5]: Words in Sch. 5B para. 19(1) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(14)(f)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/14/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-ce273f28f5eb006b09d9f55a05073ffe]: Word in Sch. 5B para. 19(3) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c338e2cd34ccf982613ca324c5e9f1b0]: Sch. 5B para. 19(3)(d) and preceding word inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 345(15)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/345/15) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-6c5849bbb31231d432ef4136793e6ad6]: Words in Sch. 7C para. 2(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(2)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-2dd24a7e739935c6b872b655a5fe02ab]: Words in Sch. 7C para. 7(1)(d) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-c85411593d50c378e8f56dab0db1a990]: Words in Sch. 7C para. 7(3)(c) inserted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 348(3)](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/348/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-33ec912cdab4c2af3e73a3c81beafddd]: Words in Sch. 8 para. 5(6) substituted (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 1 para. 349](https://www.legislation.gov.uk/ukpga/2007/3/schedule/1/paragraph/349) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-3799922156a44f0575d5f8beb95ccc7a]: Sch. 10 para. 14(35)-(38) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-a9727cc1f7b57460a26acb8c7076108b]: Sch. 10 para. 14(50) repealed (6.4.2007) by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 1034(1)](https://www.legislation.gov.uk/ukpga/2007/3/section/1034/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2007/3/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2007/3/schedule/2))
[^key-fd7a1c96b7dce0f115fd66ef49f4f0b9]: Words in s. 8(2) substituted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/a)
[^key-2fcaf172b72358b8a07270daea70322d]: S. 8(2A)-(2C) repealed (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/2/b), [Sch. 27 Pt. 2(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/2)
[^key-056ede730c89d72f9f1f9f68d02e0f2e]: S. 16A inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/3)
[^key-9077b0e00108e6e57833db36186043d8]: Words in s. 130(1)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/a)
[^key-4c51abdf3fad831514517509db0d8dca]: Words in s. 130(1)(a) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/2/b), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-a8adcd27a61ff9123237f728970a1544]: Words in s. 144(8)(a) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/3)
[^key-4fdd970eac2d5a902013ddd4a98a7302]: Words in s. 146(4)(b) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/4), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-8289bc7b94570c84db95f56eca978051]: S. 171(2)(db) and preceding word inserted (with effect in accordance with Sch. 5 para. 10(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 10(1)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/10/1)
[^key-cd9c35bc069ea8f359772829e82c030b]: Words in s. 184A(2) repealed (with effect in accordance with s. 32(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/2), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-c796a0782cc6beb8974156f844872543]: Words in s. 184B(2) repealed (with effect in accordance with s. 32(8) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 32(3)](https://www.legislation.gov.uk/ukpga/2007/11/section/32/3), [Sch. 27 Pt. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/4)
[^key-71d9f9fae6e02288a94aae505a0b5f1a]: Words in s. 204(10) substituted (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/a) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-96a4f3a3e440b0f5942996bcf2db534d]: Word in s. 204(10) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 61(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/61/b), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-6a0f84f86c6792d337fb9b0ca6fcd6dc]: S. 210B(6)(b) and preceding word repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 62(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/62/a), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-3b66fd9ea588d2ba1e339085854b4de0]: Words in s. 210B(6)(a) substituted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/2)
[^key-14c244baa2930c0f6fec076416f6607c]: S. 211(2)(3) substituted for s. 211(2)(2A) (with effect in accordance with Sch. 9 para. 17(1) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 9 para. 14(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/9/paragraph/14/2)
[^key-8f3a318a03c7c185d5e003736f8ecc93]: S. 211(2A) inserted (with effect in accordance with Sch. 10 para. 17(2)(3) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/4)
[^key-a3f63e26ffd7fc18cf9f5afae46ca1df]: S. 212(7A) repealed (with effect in accordance with s. 39(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 8 para. 18](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/paragraph/18), [Sch. 27 Pt. 2(8)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/8) (with [Sch. 8 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/8/part/2))
[^key-5216b99db2c51ed3df27835fddbeb364]: S. 212(2A) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-1fba020a42808bc15cd830cb38265b2f]: Words in s. 213(1A) repealed (with effect in accordance with s. 38(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 7 para. 64](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/paragraph/64), [Sch. 27 Pt. 2(7)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/7) (with [Sch. 7 Pt. 2](https://www.legislation.gov.uk/ukpga/2007/11/schedule/7/part/2))
[^key-0efe07a6684bc7806a4c5b734b6307c6]: S. 214 repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-b86463c80d41b5cb842367046c8664c0]: S. 214A repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 5(3)(c)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/5/3/c), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-be7475d063eaec1978b90e3eb609bdbd]: S. 214BA repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/a), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-fb5926d2994fa16d11f24680e5cb3c6e]: Words in s. 263E(2) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/2)
[^key-c1c8dbc7dc10eeb4e680a118b8e9e806]: Words in s. 263E(3)(a) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/a)
[^key-849cab974f4c7478c150068d352d5a4a]: Words in s. 263E(3)(b) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/3/b)
[^key-4fc6010884142830009761a8fd679a4b]: S. 263E(4A) inserted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/4)
[^key-3349df9fe0c4c8c5cce1aa3d7344d8e8]: Words in s. 263E(5) substituted (with effect in accordance with Sch. 5 para. 8(6)(7) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 5 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/5/paragraph/8/5)
[^key-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-c65a6a505bc11467f15d7980b931299c]: Word in s. 273(2) substituted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/5)
[^key-b77fdf7ea13b58fb6c67dd7a1f8e8371]: S. 285 repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 8(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/8/6), [Sch. 27 Pt. 6(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/6/5)
[^key-f10b81042a786ba7d08406c49fa6a0eb]: Word in s. 288(1) inserted (with effect in accordance with s. 27(6) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 27(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/27/4)
[^key-e1b9b7d5f607fec776743ca3386d8771]: S. 288(5A)(5B) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 26 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/26/paragraph/3)
[^key-4ba169046c13af129b109c239aac7cd9]: Sch. 5B para. 1(2)(da) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/a)
[^key-743ce9d3a87a87dcf92d497fe9f38ade]: Sch. 5B para. 1(6)(7) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/2/b)
[^key-de1e628036849cb1a858cf1e19303904]: Words in Sch. 5B para. 1A(1) inserted (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 16 para. 7(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/16/paragraph/7/3)
[^key-7b0ae9812aeb2ec22ddc509e03b132fb]: Sch. 7AC para. 17(4A) inserted (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 2(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/2/5)
[^key-3491cf7c6bb93f5fe1e07aef3b3bf800]: Sch. 7AC para. 17(5) repealed (with effect in accordance with Sch. 10 para. 17(2) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 14(5)(b)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/14/5/b), [Sch. 27 Pt. 2(10)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/10)
[^key-6395858e695ad5df63420f0fac90461a]: Sch. 10 para. 14(25) repealed (19.7.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 27 Pt. 2(9)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/9)
[^key-217cfcb0fbe2d0673038dac7cd091040]: S. 210C inserted (with effect in accordance with Sch. 10 para. 17(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [Sch. 10 para. 3](https://www.legislation.gov.uk/ukpga/2007/11/schedule/10/paragraph/3)
[^key-7797bfcf38e1482d76ce6121f0ee3394]: S. 263AZA inserted (with effect in accordance with s. 21(4) of the amending Act) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 21(2)](https://www.legislation.gov.uk/ukpga/2007/11/section/21/2)
[^key-b2e6dcb2d17d2a4908734124cbe31b1e]: S. 210A modified by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), [reg. 34A](https://www.legislation.gov.uk/ukpga/2000/17/regulation/34A) (as inserted by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), [regs. 1(1)(2)](https://www.legislation.gov.uk/uksi/2007/2134/regulation/1/1/2), [27](https://www.legislation.gov.uk/uksi/2007/2134/regulation/27))
[^key-cd4dcd1c6f2b5273fa053d530c20eff4]: S. 212 modified (with effect in accordance with reg. 1(2)(3) of the amending S.I.) by [The Insurance Companies (Tax Exempt Business) Regulations 2007 (S.I. 2007/2145)](https://www.legislation.gov.uk/uksi/2007/2145), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2145/regulation/1/1), [13](https://www.legislation.gov.uk/uksi/2007/2145/regulation/13)
[^key-3e64a4f857ed14ad26a4b8a2ac88ef63]: S. 212 modified (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Friendly Societies (Modification of the Corporation Tax Acts) Regulations 2005 (S.I. 2005/2014)](https://www.legislation.gov.uk/uksi/2005/2014), regs. 1(1), 37 (as amended by [S.I. 2007/2134](https://www.legislation.gov.uk/uksi/2007/2134), regs. 1(1)(2), 28)
[^key-076babb0e7754d0e4b36fb4d5b3fa76e]: S. 263A applied (with modifications) (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Sale and Repurchase of Securities (Modification of Enactments) Regulations 2007 (S.I. 2007/2486)](https://www.legislation.gov.uk/uksi/2007/2486), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/1/1), [2(2)](https://www.legislation.gov.uk/uksi/2007/2486/regulation/2/2), [4](https://www.legislation.gov.uk/uksi/2007/2486/regulation/4)
[^key-56794ad11a72a04e1ff258010c1bc24e]: Words in s. 263A(1) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(2)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/2); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-b6fc99cc4c76957bda74488f6e091d9f]: S. 263A(1A)(1B) inserted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(3)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/3); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-aead818fe576351dae83e7bdcc6409f5]: S. 263A(2) repealed (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(4)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/4), [Sch. 27 Pt. 2(14)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/27/part/2/14); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-ee90a843227aca9ad665d495a373a211]: S. 263A(5)(6) substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(5)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/5); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-888ae586dc33d39f33cac340b744f53d]: S. 263A heading substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 12(6)](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/12/6); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-af5dcbd007c751d627722d9a06090b6e]: Sch. 7AC para. 12 substituted (with effect in relation to an arrangement that comes into force on or after 1.10.2007) by [Finance Act 2007 (c. 11)](https://www.legislation.gov.uk/ukpga/2007/11), [s. 47(4)](https://www.legislation.gov.uk/ukpga/2007/11/section/47/4), [Sch. 14 para. 13](https://www.legislation.gov.uk/ukpga/2007/11/schedule/14/paragraph/13); [S.I. 2007/2483](https://www.legislation.gov.uk/uksi/2007/2483), [art. 3](https://www.legislation.gov.uk/uksi/2007/2483/article/3)
[^key-c5eef811781ebaaf7b58b889a0221762]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-a79432940c5ea4ceb97b0c65ad40b1ef]: S. 122 excluded by [Finance Act 1996 (c. 8)](https://www.legislation.gov.uk/ukpga/1996/8), Sch. 9 para. 12D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [S.I. 2007/3186](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-d66b3e0759afc59d6b16b2f027e05d12]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 16](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/16) (with S.I. 2008/1579, reg. 4(1)))
[^key-7039ca5a0af04bd43d7ff65b8ea05654]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-73fd5cee2ed53564a2bfc3e2997091da]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30D(5) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-b3c95df834e9e61ae9e8748b47f056d1]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30F(3) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 19](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/19) (with S.I. 2008/1579, reg. 4(1)))
[^key-9ffd178aa878f0ca954c883a60060552]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 85(1D) (as inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 21(2)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/21/2) (with S.I. 2008/1579, reg. 4(1)))
[^key-f241f3415fd984f032d31d5c6b286c02]: S. 24 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-e1911f910e3dc1230e67190b50e5d09a]: S. 122 excluded by Finance Act 1996 (c. 8), Sch. 9 para. 12B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-30fbee062500225890bcdda9314a473a]: S. 138(2)-(5) applied by Finance Act 1996 (c. 8), Sch. 9 para. 12B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b1784ace7689fa8328386ab614e1cc7e]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-90067f644c649d66b480561076a20f85]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 26 para. 30B(5) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-cc41e47302232e0e735b34e3a5fd73df]: S. 138(2)-(5) applied by Finance Act 2002 (c. 23), Sch. 26 para. 30B(8) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 10](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/10) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-fff044c9ce9461ce44e9beefeb6dad83]: S. 24 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-201840b197436af671cd0bcffb0d474a]: S. 122 excluded by Finance Act 2002 (c. 23), Sch. 29 para. 85A(6) (as substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 11](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/11) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-6d70671369a8ba260d1a754bb95c586a]: S. 116(8A)(8B) ceased to have effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), Sch. 1 para. 10, but that ceasing to have effect deemed never to have had effect by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2008 (S.I. 2008/1579)](https://www.legislation.gov.uk/uksi/2008/1579), regs. 1(2), 5
[^key-afa69daf33c77f264612116a58aef6a3]: Ss. 140E-140G and cross-heading substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 2](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/2)
[^key-0f4da9a080f321c47bb5e886ddccd369]: Words in s. 24(1) substituted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 3](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-cba6ca5abfb9e328ceb4d38ba386fe9b]: S. 122(1A) inserted (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 4](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-60dac21b3fa6e11a77096f37a0ccea46]: S. 140(6AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-180234dd7ab85d6d9373182a2553ce9b]: S. 140(6B)(6C) substituted for s. 140(6B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 5](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6e97322b12136a80576b255486f1dd53]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-620922443405fdfc04fd77d46ee42c60]: Words in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-6fbc74e91b8ffb582775165e2b4d3b61]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-80baf780e084e7d62b613033f9b1cd85]: Word in s. 140A(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-5d65c17f8a4edb9b03d0c96e5068b869]: S. 140A(1A)-(1D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8cc2fa047f601c5b4e99f9e7e5ed0e2b]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-77abf447b756c049f99a2fc8b9b889ec]: Words in s. 140A(2)-(4) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(4)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/4/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ab5c55788eb90902d6dbe7c02cda1267]: Words in s. 140A(4)(a) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-253550307a45f3d913f4f317c5e176b0]: S. 140A(5) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ae53eb3c98131ab502245576cb6293b7]: S. 140A(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-92febe9c06a7ac3485b1669b9863e934]: S. 140A(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-75b0b074dd5ecde46a859a13fd356aab]: S. 140A heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 2(7)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/2/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-91c30ce17e941c225267378b9f93df7f]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-42caa3695598091039bbe06727a2f739]: Words in s. 140B(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-74a0f73a956de1b3f6ec10f2729b5d98]: Word in s. 140B(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 3(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/3/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-ca123517a7e61533ae247b13dc9c6801]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-8a4f98d3534c2cdcf74ed2c5229318a3]: Words in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c0feeac2686c7621c997db6132cb79d1]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(c)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/c) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c810a68f949ff73ea3105498b606fb8e]: Word in s. 140C(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(2)(d)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/2/d) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-93380861d528f345067e1b3d211d4e99]: S. 140C(1A)-(1C) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(3)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/3) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-2b0b2f8dae796525c4582d5f00839d8f]: Words in s. 140C(3) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(4)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/4) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-602662127973a4b508b2b0861adeb85a]: S. 140C(6) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-caca8b1c207e1b15dc3085dd84841987]: S. 140C(7) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-365ed0ef35805ebcc93bea90e4e6a496]: S. 140C(9) omitted (with effect in accordance with reg. 3(1) of the amending S.I.) by virtue of [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(5)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/5) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-bf0c8182a2a3b8a84c39cbe38531a4cb]: S. 140C heading substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 4(6)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/4/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c991879ddb7554e6a87b2d1f20586c4c]: Words in s. 140D(2) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(a)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/a) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-18d2250f085026986be272d07bffe088]: Word in s. 140D(1) substituted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 5(b)](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/5/b) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-1b682de7630c13cb63bca03a9040b444]: S. 140DA inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-c3931a3fbf29b771177918e042ddf65c]: Ss. 140H-140L and cross-heading inserted (with effect in accordance with reg. 3(3) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 3 para. 1](https://www.legislation.gov.uk/uksi/2007/3186/schedule/3/paragraph/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(2)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/2))
[^key-1d5db424b821fe328c993ec7280d0bbb]: S. 154(2A)-(2C) substituted for s. 154(2A)(2B) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 6](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/6) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-965e84be1f1872420ca198b3334370db]: S. 154(2D) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 8](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/8) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1))
[^key-22ad1d082586003311cdec9946eee8a6]: S. 179(1AA) inserted (with effect in accordance with reg. 3(1) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 1 para. 9](https://www.legislation.gov.uk/uksi/2007/3186/schedule/1/paragraph/9) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), [reg. 4(1)](https://www.legislation.gov.uk/uksi/2008/1579/regulation/4/1) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1)))
[^key-b433fec9eba858cd37e7295b95c6e983]: S. 179(1B)-(1D) substituted for s. 179(1B)(1C) (with effect in accordance with reg. 3(2) of the amending S.I.) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2007 (S.I. 2007/3186)](https://www.legislation.gov.uk/uksi/2007/3186), [reg. 1(2)](https://www.legislation.gov.uk/uksi/2007/3186/regulation/1/2), [Sch. 2 para. 7](https://www.legislation.gov.uk/uksi/2007/3186/schedule/2/paragraph/7) (with [S.I. 2008/1579](https://www.legislation.gov.uk/uksi/2008/1579), reg. 4(1))
[^key-d49f73f413ed9c7e6c0ae6facea03483]: Act modified (21.12.2007) by [Consumers, Estate Agents and Redress Act 2007 (c. 17)](https://www.legislation.gov.uk/ukpga/2007/17), [s. 66(2)](https://www.legislation.gov.uk/ukpga/2007/17/section/66/2), [Sch. 4 para. 9](https://www.legislation.gov.uk/ukpga/2007/17/schedule/4/paragraph/9) (with [s. 6(9)](https://www.legislation.gov.uk/ukpga/2007/17/section/6/9)); [S.I. 2007/3546](https://www.legislation.gov.uk/uksi/2007/3546), [art. 3](https://www.legislation.gov.uk/uksi/2007/3546/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2007/3546/schedule)
[^key-cc9c9c4168d08c773e8f04e36612e770]: S. 171 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Taxation of Insurance Securitisation Companies Regulations 2007 (S.I. 2007/3402)](https://www.legislation.gov.uk/uksi/2007/3402), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/1/1), [9(2)](https://www.legislation.gov.uk/uksi/2007/3402/regulation/9/2)
[^key-7a8d299bd69a46c34a12f57d79c73e48]: S. 211ZA(2A) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(2)](https://www.legislation.gov.uk/uksi/2008/381/article/28/2)
[^key-c0f88de45213355acccc9c0d55e4863b]: Word in s. 211ZA(3)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [28(3)](https://www.legislation.gov.uk/uksi/2008/381/article/28/3)
[^key-704f4869a5d10d0c2a081bb377d495b4]: Words in s. 213(5) substituted for the words "assuming that the transferor had continued to carry on the business transferred after the transfer" (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(2)](https://www.legislation.gov.uk/uksi/2008/381/article/29/2)
[^key-ce62aeeec6cec0227b028cdc6d1e550d]: S. 213(5ZA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(3)](https://www.legislation.gov.uk/uksi/2008/381/article/29/3)
[^key-453708dd55b662492fad9453f213e720]: S. 213(8A)(a) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(a)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/a)
[^key-8f570571b45cc1744ad6e6af1ff55f6c]: Words in s. 213(8A)(c)(d) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(4)(b)](https://www.legislation.gov.uk/uksi/2008/381/article/29/4/b)
[^key-b7e8571a66bc1f2b18067f4134807df8]: Words in s. 213(8B) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(5)](https://www.legislation.gov.uk/uksi/2008/381/article/29/5)
[^key-26ea46fc9676aec71f222a9e1e1a5f9e]: Words in s. 213(8F)(a) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(6)](https://www.legislation.gov.uk/uksi/2008/381/article/29/6)
[^key-b3f1ea09bb8025fcfb569ec973ba7b72]: Words in s. 213(8H) substituted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(7)](https://www.legislation.gov.uk/uksi/2008/381/article/29/7)
[^key-cfb4eb658a2d382669d1003d7183598e]: S. 213(8HA) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(8)](https://www.legislation.gov.uk/uksi/2008/381/article/29/8)
[^key-49207fe08e5b8a4408ae8ae361896c7f]: S. 213(8J) inserted (with effect in accordance with art. 1(2) of the amending S.I.) by [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(9)](https://www.legislation.gov.uk/uksi/2008/381/article/29/9)
[^key-4e6abf746bc5d534f14168463f7c4f0a]: S. 213(10) omitted (with effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Insurance Business Transfer Schemes (Amendment of the Corporation Tax Acts) Order 2008 (S.I. 2008/381)](https://www.legislation.gov.uk/uksi/2008/381), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/381/article/1/1), [29(10)](https://www.legislation.gov.uk/uksi/2008/381/article/29/10)
[^key-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-6f040b2bdbbcba539e5eb40e71724230]: S. 12 applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 809F(4)(6)](https://www.legislation.gov.uk/ukpga/2007/3/section/809F/4/6) (as inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 1](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/1))
[^key-867f946a4c07f2f8986f520923bb98e2]: Ss. 87, 87A, 87C-90 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-499e27210c1eb59de549e95002357ddd]: Ss. 96-98 applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), s. 762(3) (as substituted (with effect in accordance with Sch. 7 para. 98 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), Sch. 7 para. 93(3))
[^key-86dae35873daed2da5e53fa1fadaa694]: Sch. 4C applied (with modifications) by [Income and Corporation Taxes Act 1988 (c. 1)](https://www.legislation.gov.uk/ukpga/1988/1), [s. 762(3)](https://www.legislation.gov.uk/ukpga/1988/1/section/762/3) (as substituted (with effect in accordance with [Sch. 7 para. 98](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/98) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 93(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/93/3))
[^key-6a8115e67950f7f9515d9a638916eb4c]: Ss. 87-89 modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 125(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/125/2)
[^key-1d9a79f7761623f9fc87a84ecc3ff785]: Sch. 4C para. 8A applied (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 126(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/126/4)
[^key-e2a08164eb5f6b41c2deab13430f0a7c]: Sch. 4C modified (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 paras. 152-155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/152)
[^key-2dcc6fc7ec24769919ca97277b57823e]: S. 2(4)(5) substituted for s. 2(4)-(6) (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/2)
[^key-bcde2ebeffaf1654f599badac37ce6f0]: S. 2(7)(b)(ii) and preceding word omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/a)
[^key-c7d2b7dc6fb2a428829f7a0dff219333]: Words in s. 2(7)(c) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/b)
[^key-9b84ac4ee52f083d51ac8833bcd9357b]: Words in s. 2(7) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(3)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/3/c)
[^key-dca92d72c4cfff4270df545fd68deacd]: S. 2(8) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 24(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/24/4)
[^key-1d7a0b6cb392f95f06af4df1f45707b2]: Words in s. 2(7)(a) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/2)
[^key-8134211a9b04cd9b4491f3e21274eded]: S. 2A omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 25](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/25)
[^key-78953e17937ef9e1ffa063f4f277c035]: S. 3(1A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/2)
[^key-7e347768960192a3217dde79335ae01b]: S. 3(5C)(aa) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/a)
[^key-e32c9a0eae7ea9a49a82680400d91c89]: Words in s. 3(5C)(b) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 56(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/56/3/b)
[^key-f97632082c401cf431cc92d20dfee37c]: Word in s. 3(5) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/2)
[^key-f441b94f1b23b8c65a3efc779b2f48c9]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/a)
[^key-d27060d276a4c9a743ad0f642e222403]: Words in s. 3(5C)(c) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 26(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/26/3/b)
[^key-3cde6ce754019cbf5a8dcd166bf378c8]: S. 3A(5A) inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 57](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/57)
[^key-186a3137f986751d5c848b0d6e04fbd1]: S. 3A(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/a)
[^key-cb3db0e313c9cadeb76e839c7b56b72f]: Words in s. 3A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 27(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/27/b)
[^key-535824dad4b93f920102fa680e8b7c1b]: S. 6 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 3](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/3)
[^key-1863b19606c8e8dd273b89ab73bcb767]: S. 9(2) 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. 58](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/58)
[^key-0fc3552807d0ca6e40937754d78b6aa1]: Words in s. 9(3) substituted (with effect in accordance with s. 24(8) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 24(6)](https://www.legislation.gov.uk/ukpga/2008/9/section/24/6)
[^key-db84eecf3bac7b999d809f2e159c706c]: S. 9(5)(6) inserted (with effect in accordance with s. 24(8) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 24(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/24/7)
[^key-fdb4eb3aa1b51daaf7e1a28be0bc5d0d]: S. 10A(9ZA) 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. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/59) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/3))
[^key-6a0d591d5606700b8308114d5b3946bf]: S. 12 substituted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/60) (with [Sch. 7 para. 84(1)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/1)[(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/84/2))
[^key-a4e401c940ccfae0fbcd8a36cc2f4d94]: Word in s. 13(2) substituted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 103](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/103)
[^key-0a4c00069adafdabc13904b90e3cb095]: S. 13(10A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/28)
[^key-ac2c015ebbe0cbb416afa788389151a7]: S. 13(7A)(b)-(d) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/4)
[^key-e098c81ec4c2001c61aa8d3c9c4ba172]: S. 16(4) omitted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 61](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/61)
[^key-fe30d7ef5c4c1c810669f6740ba57473]: Ss. 16ZA-16ZD inserted (with effect in accordance with Sch. 7 para. 81 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 62](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/62)
[^key-dd4cf5e0fafb93f8823aba3ccfc3a778]: Word in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/a)
[^key-2a547a56d2ec6f169ec09540f91be18f]: Words in s. 35(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/2/b)
[^key-dbd707be01cbb35febdc4fc07e29704a]: S. 35(2A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/3)
[^key-c4f977b26551794ab199d5f850a19fd7]: Words in s. 35(3)(d) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/4)
[^key-4cfb092ddd1a1c535704c544797a467b]: Words in s. 35(4) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/5)
[^key-5c916dc561998482efad8aa5607dbf93]: Words in s. 35(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/6)
[^key-0ea2180221b0f7096700dc904a8c9e74]: S. 35(6)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/a)
[^key-2de04e999fb06040f0376e91df35ea87]: Words in s. 35(6)(aa) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/b)
[^key-ee45f53315fca6241865ff0d40da16b3]: Words in s. 35(6)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(7)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/7/c)
[^key-bcb5098bf993441a9034ad6808d827d5]: Words in s. 35(7) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(8)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/8)
[^key-c55a085df4e6b89df2db7ba6775991d9]: Words in s. 35(9) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(9)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/9)
[^key-1188f11ddfbbf75cecc8f95687a30721]: Words in s. 35(10) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 58(10)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/58/10)
[^key-bc71cee45857c8d2b9be775d8ee26957]: S. 35A inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 59](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/59)
[^key-e4262ba6b241e8d7f295427884d88577]: Words in s. 36 substituted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 73](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/73)
[^key-416337d4f27bd9cff248e443e622a146]: S. 53(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/a)
[^key-00557364800664b51ef118ad01bffe09]: Word in s. 53(4) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 79(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/79/b)
[^key-f2cf57f71c3c249ee72c1b3f9a6f946f]: Words in s. 54(1) substituted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/2)
[^key-bfa4bc688cf3e077ca15fa255fd2c55a]: S. 54(1A) omitted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 80(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/80/3)
[^key-664bd08722c50624f5f8e4dbc3375288]: Words in s. 55(5) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 60](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/60)
[^key-03c3b6be1a7f731e038d2e7a53595952]: Words in s. 62(2A) 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. 29(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/29/2)
[^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-97994a5f5fca4e7181a0d807a41cae49]: Words in s. 86A(2)(a) substituted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/2/a)
[^key-755dcecd44d8d2e77ddb88589bfbf18e]: Words in s. 86A(2)(b) substituted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/2/b)
[^key-d015e79080101f2542168cd611399b1f]: S. 86A(2A) omitted (with effect in accordance with Sch. 2 para. 56(1) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 31(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/3)
[^key-fb58d809bccf548306e973d5aaf93342]: S. 86A(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. 31(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/4)
[^key-954687a62ca613d9a1a507ee0caeec60]: Words in s. 86A(7) 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. 31(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/5)
[^key-a5e49bf0f00d54a25b06552f5700fd23]: S. 86A(7A) 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. 31(6)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/31/6)
[^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-87d4e944e115fc6846b86ac097d9d15f]: Words in s. 263D(6)(b) substituted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 23 para. 11(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/23/paragraph/11/2)
[^key-4db1f39c449090de45dabc4e0255d24f]: S. 263D(7) substituted (with effect in accordance with s. 63(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 23 para. 11(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/23/paragraph/11/3)
[^key-fadd1be5762e6275d7a83362e59d47bb]: Words in s. 274 substituted (with effect in accordance with Sch. 4 para. 9(4) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 4 para. 8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/4/paragraph/8)
[^key-29d37149a829339fa95f524ecf7f2b30]: Words in s. 279(2)(a) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/40)
[^key-10c973e613d084684c06c331a82b01de]: Words in s. 279A(7)(b) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/41)
[^key-4f59cb5fcf8cb3ab9de69ae06dfc604d]: S. 279B(1)(b) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/42)
[^key-431cddb4b0ea328a94adcbef27f424f6]: Ss. 279C(3)-(4A) substituted for s. 279C(3)(4) (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/2)
[^key-1ccecb3245c2fe6d45f4f4e13241602d]: Words in s. 279C(6)(c) substituted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/3)
[^key-642a91518cf155bf5838e82feb6eefad]: S. 279C(8) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/4)
[^key-96f18496432ba27ac19bad654adf4027]: S. 279C(10) omitted (with effect in accordance with Sch. 2 para. 56(2) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 43(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/43/5)
[^key-f78ea692f1bf24e6c7a93b46e3352772]: S. 284B(1) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/44)
[^key-3c1bb9b1b09ee06c701510a5a78a0617]: Sch. A1 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/45)
[^key-9e3d12e943bbc4fc316165e2c7a8a7ea]: S. 288(3A) inserted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 63](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/63)
[^key-9bc60d168e7bff6ee46d2cee07bd1a77]: Words in s. 288(1) substituted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/2)
[^key-436f0c94005e530204cc80583cff1fc5]: S. 288(1ZA) inserted (21.7.2008) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 101(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/101/3)
[^key-2abef61e908459a30632f990b13472d7]: Sch. 2 para. 1(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/2)
[^key-05db36473fcb13e9b14c7e04ded77b69]: Sch. 2 para. 4(6) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/a)
[^key-0360a89549eb7f905df4462eb91311eb]: Words in Sch. 2 para. 4(8) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/b)
[^key-690bdbfd2aae37e6ee3edfdf1a721228]: Word in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/i)
[^key-ac8b7ce6a4763a81ccc7784e27b6d564]: Words in Sch. 2 para. 4(9) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/ii)
[^key-8db4cf8001136c1fbed7102cfc17e613]: Words in Sch. 2 para. 4(9) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(c)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/c/iii)
[^key-781a066d3763247d9abdebe49663c6c9]: Words in Sch. 2 para. 4(10)(a) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(d)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/d)
[^key-6724ff007b03b8a9d31a3fbde640823e]: Sch. 2 para. 4(11)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/i)
[^key-63e9ff93f078875699f4ee15961f782a]: Words in Sch. 2 para. 4(11)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/ii)
[^key-4560c7d99aea4a189a410e30e61afe42]: Words in Sch. 2 para. 4(11)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(3)(e)(iii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/3/e/iii)
[^key-28c44c3029cefcb41b086c95dc16e188]: Sch. 2 para. 17(3)(a) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/a)
[^key-d02fb661506d53a3b077cbc909d8fafa]: Words in Sch. 2 para. 17(3)(b) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/b)
[^key-f736fe0bb2f5492d3b402b218df70166]: Words in Sch. 2 para. 17(3)(c) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(4)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/4/c)
[^key-e24ca535edc8eb4dd0ef227a9f4c49e2]: Sch. 2 para. 22 omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 64(5)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/64/5)
[^key-382a12c12f2f57fce11f1b6a59c41fe6]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/i)
[^key-49cac76368672d5f20d5672a4589a358]: Words in Sch. 3 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/a/ii)
[^key-3bd5f48e7037be71ab4d44100427f0d0]: Words in Sch. 3 para. 1(2) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/2/b)
[^key-d6a9acec6340a502225b519594620456]: Words in Sch. 3 para. 2(1) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-b9fee706a6dc4a24d9c9198b73bdb46d]: Words in Sch. 3 para. 2(3) omitted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 65(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/65/3)
[^key-2c072a35dee9c741c40efc63528dfc67]: Sch. 4 para. A1 and cross-heading inserted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/2)
[^key-0e3259889adef1eee62d58b583929347]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/a)
[^key-dd71f7c08f42698927cb994c96ac0de2]: Words in Sch. 4 para. 2(5) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/3/b)
[^key-4eaaa5a714a6ca1b39bb67018923b5ef]: Words in Sch. 4 para. 4(2) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(4)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/4)
[^key-c672bf148a89a5e390cc339a7ebffd21]: Words in Sch. 4 para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 66](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/66)
[^key-7bb9c99750824fa00e7d76637e7c55ec]: Words in Sch. 4 para. 9(1)(b) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/a)
[^key-14ea4c4410be490f80b2cd63872b566a]: Sch. 4 para. 9(1)(c) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/b)
[^key-9ec9217d6e84b8916c00b83d27a1c257]: Words in Sch. 4 para. 9(1) omitted (with effect in accordance with Sch. 2 para. 76 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 74(5)(c)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/74/5/c)
[^key-6df6845a7df19056bdd150c7a87ddfd6]: Words in Sch. 4A para. 7(4) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/a)
[^key-05e479e7e1d91b1e715d2bcb82c3b905]: Words in Sch. 4A para. 7(5)(c) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/2/b)
[^key-ef42781536d30a3034581ab752d66bd3]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/a)
[^key-e3032567c8cc9243b9966b6196479ced]: Words in Sch. 4A para. 12 substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 7(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/7/3/b)
[^key-2341a0d75864cba2a777713a99b2d693]: Word in Sch. 4B para. 1(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/2)
[^key-dc09c47901d20907d7714514760a0b61]: Word in Sch. 4B para. 3(1) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/a)
[^key-2165580f7e4f8ec421a237e568a3200d]: Sch. 4B para. 3(2) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3/b)
[^key-7ba701c6f3903b941203b7bc09b924cd]: Word in Sch. 4B para. 3 cross-heading omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 8(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/8/3)
[^key-72543019fc7e6882abee8dea477123a6]: Sch. 4B para. 3(4)(5) substituted for Sch. 4B para. 3(4) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 130](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/130) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-0e06f9e94c7038d08903db4ea92cc167]: Sch. 4C para. 1(2)-(3A) substituted for Sch. 4C para. 1(2)(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 132](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/132) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-6b288ddd826d3ab61984021f15a30a36]: Sch. 4C para. 1A and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 133](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/133) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-d9ae4adbadf1ed728520547a5abdc009]: Sch. 4C para. 8AA and cross-heading inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 139](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/139) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-948c893e4bb31f06b862efbce22ec786]: Words in Sch. 4C para. 4(2) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 134](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/134) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-92a1f85ce9bd49123c9585ea38ecc4d0]: Words in Sch. 4C para. 5(2)(a) inserted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 135](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/135) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-cf0a5c6cf85cdabfff25c1328b8de450]: Sch. 4C para. 6(3) omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 9](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/9)
[^key-b576d99d2254dfcda22d404bc13e392a]: Words in Sch. 4C para. 6(1) substituted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/2)
[^key-c128d2b20fdc19a2534dff51338af15d]: Sch. 4C para. 6(1A) omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 47(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/47/3)
[^key-0cd7bb20bbb44f30a67a20c47128bb54]: Sch. 4C para. 7A omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-20869e4e35a886729802ea1f3cc55ee6]: Sch. 4C para. 7A cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 136](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/136) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab03f4914990e75bafa478eb51dfe453]: Sch. 4C para. 7B substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 137](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/137) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-a2fe6193674e052de41edfc9e661cecb]: Sch. 4C para. 8 substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 138](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/138) (with [Sch. 7 paras. 148](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/148)[151(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/151/2)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-86cf81e37bb4d0faf063b1f94b9e21f3]: Sch. 4C para. 8B omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-18208f6965d5d92ab71508ead873dcd8]: Sch. 4C para. 8B cross-heading omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-90ba676b0b6d1555a92563f23817b06f]: Sch. 4C para. 8C omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 140](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/140) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9dbb48d08db04204f88d5c01f4ff6f50]: Sch. 4C para. 9 and cross-heading substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 141](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/141) (with [Sch. 7 paras. 149](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/149)[155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-2f89fea95a93dbc661da99785bc83348]: Words in Sch. 4C para. 10(1) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/a) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-9b846593afe7220c379556e9f503db3d]: Sch. 4C para. 10(2) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-f98e3fce20c9ea6e49abee75b3b4a986]: Sch. 4C para. 10(3) omitted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 142(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/142/b) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-68dbedfe2ceb3440010ebc1b7fc2ad0c]: Sch. 4C para. 11 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 48](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/48)
[^key-77d5ced43f1615e0443d38fdd350160c]: Sch. 4C para. 12(1)(2) substituted for Sch. 4C para. 12(1)-(3) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 143(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/143/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-1bcb0a39d728251d1b1429d34ca0e7a9]: Word in Sch. 4C para. 12A(3) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 144](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/144) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-104c881d39fd70758e7a28bb00301579]: Sch. 4C para. 13(1)(1A) substituted for Sch. 4C para. 13(1) (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(2)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/2) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-c8c019117ce6c49e2ad5aee8afa8ac38]: Words in Sch. 4C para. 13(5)(a) substituted (with effect in accordance with Sch. 7 para. 147 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 145(3)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/145/3) (with [Sch. 7 para. 155](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/155))
[^key-ab035ae92960ef5623933e1c32497d65]: Words in Sch. 4ZA para. 7 substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 67](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/67)
[^key-6f1e1f1a19105435bf1a8fbb373dfb99]: Words in Sch. 5 para. 1(1) substituted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 10](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/10)
[^key-557a5a6c27046e9a781f345da430c62c]: Words in Sch. 5B para. 1(1)(b) inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 4](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/4)
[^key-2b4d3aa96668c27c012ad3b02c98eb6c]: Words in Sch. 7A para. 12(b) substituted (with effect in accordance with Sch. 2 para. 71 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 68](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/68)
[^key-a809ac57d8b4fef003ac6ec946c522a6]: Sch. 7D para. 15 omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 50](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/50)
[^key-37df0d0f434bd466268d827f718140bc]: Sch. 10 para. 14(40) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-a160116a5a61e52347a637280825bb5b]: Sch. 10 para. 14(41) omitted (with effect in accordance with s. 66(8) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 66(4)(d)](https://www.legislation.gov.uk/ukpga/2008/9/section/66/4/d)
[^key-62210e0dd95858649d5b0850e81240b3]: Pt. 5 Ch. 3 inserted (with effect in accordance with Sch. 3 para. 5 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 3 para. 2](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/2) (with [Sch. 3 paras. 6-8](https://www.legislation.gov.uk/ukpga/2008/9/schedule/3/paragraph/6))
[^key-84a47cd23e239fb4625f40087bc25a79]: Sch. 5BA omitted (with effect in accordance with Sch. 2 para. 56(3) of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 49](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/49)
[^key-3f10d2019e724d309f9ecce51c11cab5]: S. 14A inserted (with effect in accordance with Sch. 7 para. 105 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 7 para. 104](https://www.legislation.gov.uk/ukpga/2008/9/schedule/7/paragraph/104)
[^key-520adc83605552cf3c70bf144f336602]: S. 52A inserted (with effect in accordance with Sch. 2 para. 83 of the amending Act) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 78](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/78)
[^key-9319dae720563f48f304d54440fcdfbe]: Ss. 77-79 omitted (with effect in accordance with Sch. 2 para. 22 of the amending Act) by virtue of [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [Sch. 2 para. 5](https://www.legislation.gov.uk/ukpga/2008/9/schedule/2/paragraph/5)
[^key-776876f7590a79a96ed11de17944a65a]: S. 154 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 12(2)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/12/2)
[^key-2f728738a68a63696ba7f64f4e308007]: S. 17 excluded (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 39(1)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/39/1)
[^key-e237df61793d51bf2a3bd5b7cbd0ab45]: Act construed as one with Crossrail Act 2008 (c. 18), Sch. 13 (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 3(3)](https://www.legislation.gov.uk/ukpga/2008/18/schedule/13/paragraph/3/3)
[^M_C_9814ffdb-4b83-44f5-9dd3-727bc100a374]: Act modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 paras. 11](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/11), [12](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/12), [22](https://www.legislation.gov.uk/ukpga/2006/25/schedule/13/paragraph/22)
[^M_C_fd316d86-5e88-4242-87ed-bfc28ee5eb04]: S. 179 modified (22.7.2008) by [Crossrail Act 2008 (c. 18)](https://www.legislation.gov.uk/ukpga/2008/18), [Sch. 13 para. 31](https://www.legislation.gov.uk/ukpga/2000/17/schedule/13/paragraph/31)
[^key-a2e59c4b815ce27962e6049e0f27def5]: S. 17 excluded (8.9.2008 for specified purposes) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 7 para. 7(2)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/7/paragraph/7/2); [S.I. 2008/2358](https://www.legislation.gov.uk/uksi/2008/2358), [arts. 2(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/2/1), [3(1)](https://www.legislation.gov.uk/uksi/2008/2358/article/3/1)
[^key-20d4e41f71c43bcbbc539b23a6668cf7]: S. 218 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-f8e6f2ce59f0a8b091b4cdfea51c85d2]: S. 219 modified (E.W.) (1.12.2008) by [The Transfer of Housing Corporation Functions (Modifications and Transitional Provisions) Order 2008 (S.I. 2008/2839)](https://www.legislation.gov.uk/uksi/2008/2839), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2008/2839/article/1/1), [3](https://www.legislation.gov.uk/uksi/2008/2839/article/3), [Sch. para. 1](https://www.legislation.gov.uk/uksi/2008/2839/schedule/paragraph/1) (with [art. 6](https://www.legislation.gov.uk/uksi/2008/2839/article/6))
[^key-7abd99145bf64b735704b4aa648a5a3e]: Words in s. 219(1)(a) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(a)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/a); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-8baf9c33b103ef614f427c73b56e4056]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(i)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/i); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-a55da6849a98946a7f978b1b3b9d8069]: Words in s. 219(1) inserted (1.12.2008) by [Housing and Regeneration Act 2008 (c. 17)](https://www.legislation.gov.uk/ukpga/2008/17), [s. 325(1)](https://www.legislation.gov.uk/ukpga/2008/17/section/325/1), [Sch. 8 para. 62(c)(ii)](https://www.legislation.gov.uk/ukpga/2008/17/schedule/8/paragraph/62/c/ii); [S.I. 2008/3068](https://www.legislation.gov.uk/uksi/2008/3068), [art. 2(1)(w)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/1/w)[(3)](https://www.legislation.gov.uk/uksi/2008/3068/article/2/3) (with [arts. 6-13](https://www.legislation.gov.uk/uksi/2008/3068/article/6))
[^key-e92a62fd84d220c9ca2de81eb67b40e5]: S. 288(3A)(j) inserted (E.W.) (1.12.2008) by [The Housing and Regeneration Act 2008 (Consequential Provisions) Order 2008 (S.I. 2008/3002)](https://www.legislation.gov.uk/uksi/2008/3002), [art. 1(2)](https://www.legislation.gov.uk/uksi/2008/3002/article/1/2), [Sch. 1 para. 43](https://www.legislation.gov.uk/uksi/2008/3002/schedule/1/paragraph/43) (with [Sch. 2](https://www.legislation.gov.uk/uksi/2008/3002/schedule/2)) (see S.I. 2008/3068, art. 2(1)(b))
[^key-69e0227cc8efe3637622929b5d2daddd]: S. 99(1) excluded in part by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), [reg. 14B](https://www.legislation.gov.uk/ukpga/1998/36/regulation/14B) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/ukpga/1988/1/regulation/1/1), [11](https://www.legislation.gov.uk/ukpga/1988/1/regulation/11))
[^key-1c58cf69df78b850351d878ae61e8f01]: S. 100 excluded by [The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964)](https://www.legislation.gov.uk/uksi/2006/964), reg. 14B (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), regs. 1(1), 11)
[^key-34f223148e6a3fb4084bcdcd3103da9a]: S. 212 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 51(2) (as substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2008/3159](https://www.legislation.gov.uk/uksi/2008/3159), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2008/3159/regulation/1/1), [15](https://www.legislation.gov.uk/uksi/2008/3159/regulation/15))
[^key-b23a1827584e1f1dfe2865f9b1303dfc]: Act modified (21.2.2009) by [The Banking Act 2009 (Parts 2 and 3 Consequential Amendments) Order 2009 (S.I. 2009/317)](https://www.legislation.gov.uk/uksi/2009/317), [arts. 1](https://www.legislation.gov.uk/uksi/2009/317/article/1), [3](https://www.legislation.gov.uk/uksi/2009/317/article/3), [Sch.](https://www.legislation.gov.uk/uksi/2009/317/schedule)
[^key-3269c52b0cf7f4ee7eb77581de614fa5]: S. 137(1) modified (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 129(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/129/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e9c9fc262a6777ca75a8ba9bfb273267]: S. 144(2) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-767bd77da3bd30e0aefe61ef7599a5da]: S. 17(1) excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 653(3)](https://www.legislation.gov.uk/ukpga/2009/4/section/653/3), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/part/2), [Sch. 2 para. 94](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/paragraph/94))
[^key-92851b974c3b78a2a61f7c57e8b83f67]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 667(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/667/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6745e2cfe3931a0ca83382de142b4a9b]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 668(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/668/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-37a2cfcc1029242a384a49ecbf173ff3]: S. 42(2) applied (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(5)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/5), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b16893bedfa5bde1fda48dbfbf9f2f3d]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ad274cc9b75eb2cb9afda1e57850de51]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 670(7)](https://www.legislation.gov.uk/ukpga/2009/4/section/670/7), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4fdbba50df2f4f735b5ce34510fb0ac7]: S. 37 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5db8381d7b5e5883a9250f2fdabe2924]: S. 39 excluded (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 672(4)](https://www.legislation.gov.uk/ukpga/2009/4/section/672/4), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e8823d289c77d0bb74176571673d3995]: S. 170(12)-(14) applied (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 773(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/773/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-085bceab0a538a045ae1dc90abc54fc1]: S. 171 excluded (with effect in accordance with s. 1329(1) of the affecting Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 830(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/830/1), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ef61c7588d3d557f140785f999a55b9e]: S. 39 extended (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [ss. 1157(2)](https://www.legislation.gov.uk/ukpga/2009/4/section/1157/2), [1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fe3773e40f9cdd312970251430c70c2d]: Words in s. 1(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 359](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/359) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-dc3071c0ce1e11352e41fce0bdf38d9c]: S. 10B(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 360](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/360) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1179bc60528d49e901f71316d65b2ba9]: S. 13(15) omitted (1.4.2009) by virtue of [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 178](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/178)
[^key-a199a1f37dcec8a947a54714f6d4a138]: Words in s. 40(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 362](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/362) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-88f1d0cc2c61e3f06c1df930a3679843]: Words in s. 41(4)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5568ed6785eb19081fa11e5755f41825]: Words in s. 41(4)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(a)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/a/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-43fc0da34999feccd08abfac236aecee]: Words in s. 41(4)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(i)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/i), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a3c31f2e787a36941f3f24d8f33aea0c]: Words in s. 41(4)(c) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 363(b)(ii)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/363/b/ii) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c31c73a0f9645c2da483f2f2c3573aa4]: Words in s. 48(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 364](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/364) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-abbfd607e8dca9028206a09aaac25d2b]: Words in s. 59(2)(b) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-df89557c5bba6a1f78511ecf67b918f3]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1438ec44ad132c6ea5262552af96657c]: Words in s. 59(3) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 365(3)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/365/3/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1089729357a59e1e08921f871670fee5]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a9c7f22d4b43f9c22bffdc0c56462e5d]: Words in s. 116(8A) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-eda79fd8a7b360c09a925a441014f3eb]: S. 116(8AA) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d3508bb9284597da2ead7ec733ae58da]: Words in s. 116(16) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 366(4)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/366/4) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1eef8e7f1c7d6a8de2e10b41fa094b67]: Ss. 116A, 116B inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 367](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/367) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-656a84a1a06cfd700d8bc39cf0046324]: Word in s. 138(4) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(a)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/a)
[^key-df4a584c2af7d403a4fff10edeb7ad5f]: Words in s. 138(5) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 179(b)](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/179/b)
[^key-a103fac52e56aec462b9f1e35e18c6c3]: Words in s. 143(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e29cbc6f3b2d70e6ce7263a83cc215a]: Words in s. 143(1)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 369(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/369/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-0da1748e4ce2bfcbb653f35fdedea46a]: Ss. 151E-151G inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 370](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/370) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ea459d67b938c92be269e112699b937d]: Words in s. 156(4) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b0dee11de706b198c87593c2069f6214]: Words in s. 156(4) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 371(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/371/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6d9292b4db07045980b190a86365dd3e]: Ss. 156ZA, 156ZB inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 372](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/372) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ed3aaf12adaa4b198936bf4f116002ae]: Words in s. 158(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 373](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/373), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e453c07d20b2ab2bdd13c67cfb1f5a2e]: Words in s. 161(3)(a) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 374](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/374) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6b57cf6d0da6f4f247c57d12957edc7]: Words in s. 170(9)(c) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 375](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/375), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-25470265ef3cd3912db524bd7eb67e54]: S. 203(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 378](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/378) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e86ff9ecdbbe15452d743babbc91ca7d]: Words in s. 210A(11)(c) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 379(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/379/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1b15bd88063a6ed3a7b49ed46364d7a9]: Words in s. 211ZA(9) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 180](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/180)
[^key-3426f3581821cdc289fcba5d578b2ea2]: Words in s. 213(8) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 181](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/181)
[^key-834640151d2008df095698ceb57fcdf5]: Words in s. 241(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(2)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/2) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-c4b24b9436b62ff2615f82550545a423]: Words in s. 241(3)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 380(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/380/3), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-8182ff3914620ffbe19052a1ffacc382]: S. 251(8)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-d7af9b1a64819a4656e277df40994b1b]: Words in s. 251(8)(b) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 381(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/381/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-2233bb9d971a0a7751ee9a96d9ef2617]: Words in s. 253(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 382](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/382) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-ce9d16c1084125fb223913cd408a0812]: Word in s. 261B(4)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 182](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/182)
[^key-201a829100757df3413f9804a16e3e39]: Word in s. 261C(3)(a) substituted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 183](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/183)
[^key-db08608607b5c5c34c9118f5dae74ebe]: S. 275B(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 383](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/383) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a6890dd515106ecb947b43bb639bc752]: Words in s. 288(1) inserted (1.4.2009) by [The Transfer of Tribunal Functions and Revenue and Customs Appeals Order 2009 (S.I. 2009/56)](https://www.legislation.gov.uk/uksi/2009/56), [art. 1(2)](https://www.legislation.gov.uk/uksi/2009/56/article/1/2), [Sch. 1 para. 184](https://www.legislation.gov.uk/uksi/2009/56/schedule/1/paragraph/184)
[^key-4cd902b6eddb4879703d592ec0e642c6]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6e2cba8d38e8e54b27ea2cd16b0d66c0]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-004c060177d500f54deb453370c6c2e3]: Words in s. 288(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-a1954739f14933c3389999984fa96008]: Words in s. 288(1) inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 385(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/385/d) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-4510a43998ca27f2e4c9ea31740062c6]: S. 286A inserted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 384](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/384) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1ddd9e173a41fbe288fe604a48ad34a3]: Sch. 7AC para. 34(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 386](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/386), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-da194ad83037af922324de5e345eaee3]: Sch. 7AC para. 34(2) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2009 (Amendment) Order 2010 (S.I. 2010/614)](https://www.legislation.gov.uk/uksi/2010/614), [art. 2](https://www.legislation.gov.uk/uksi/2010/614/article/2)
[^key-4f910189c1d7724096b5cbfcb85f564b]: Words in Sch. 7D para. 2(4) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 387](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/387) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-527447d8790ff5de108b9f67d9f3c6d4]: Words in Sch. 8 para. 5(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-db8419f858f209f48f361f9f9a61ab9a]: Words in Sch. 8 para. 5(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-e08fb9b5ec27bbf23a2f0f07e5bda40d]: Words in Sch. 8 para. 5(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-cfcb3755143f5add3e12e130c178347b]: Sch. 8 para. 5(5)(a) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(2)(d)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/2/d), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-652577ad963e13d79e02a254a75b9b54]: Words in Sch. 8 para. 5 cross-heading substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(3)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/3) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-bd3142e7cb078665f097245dd56d1bf0]: Words in Sch. 8 para. 6(1) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(a)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/a) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b2cebbf04491b6458a128527b54dc211]: Words in Sch. 8 para. 6(2) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(b)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/b) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-fdb3a0eb565c63afe1f4cd98005c6060]: Sch. 8 para. 6(3) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(4)(c)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/4/c) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-6400eaac58f0241ae0bf1aa0df74ea3f]: Sch. 8 para. 7(a)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(5)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/5) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-5af101fe06ed1d210c41127360c6129d]: Words in Sch. 8 para. 7A repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 1 para. 388(6)](https://www.legislation.gov.uk/ukpga/2009/4/schedule/1/paragraph/388/6), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-29c9435c5f892a9e3a782aa168327486]: Sch. 10 para. 14(7) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-b6dc1456fdbdaa38793a9577096e3884]: Sch. 10 para. 14(27)(28) repealed (with effect in accordance with s. 1329(1) of the amending Act) by [Corporation Tax Act 2009 (c. 4)](https://www.legislation.gov.uk/ukpga/2009/4), [s. 1329(1)](https://www.legislation.gov.uk/ukpga/2009/4/section/1329/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/3/part/1) (with [Sch. 2 Pts. 1](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/1), [2](https://www.legislation.gov.uk/ukpga/2009/4/schedule/2/part/2))
[^key-1df83a74fc000d83938ae0254f0e34b6]: S. 24(1A)-(1C) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2009/730/article/4/2)
[^key-60fff772ddc3ce81ce3b3118f9d35263]: Words in s. 24(2) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(3)](https://www.legislation.gov.uk/uksi/2009/730/article/4/3)
[^key-b9795a54a052799be7969152fdf0e847]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/a)
[^key-40e78c60693a1a036e365e77f900ccc9]: Words in s. 24(3) substituted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(4)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/4/4/b)
[^key-fecbd5d091cc665dc9e26f6e07ea0ccf]: S. 24(4) inserted (with effect in accordance with art. 4(6) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [4(5)](https://www.legislation.gov.uk/uksi/2009/730/article/4/5)
[^key-ebb7e5572b38bafa582eff6cb3440dff]: S. 125(4) substituted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(2)](https://www.legislation.gov.uk/uksi/2009/730/article/5/2)
[^key-2e280db0f7d4f1e65ff2d8535bf943b1]: S. 125(6) inserted (with effect in accordance with art. 5(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [5(3)](https://www.legislation.gov.uk/uksi/2009/730/article/5/3)
[^key-1a8bfa36af2ff5418bc68736081e3476]: S. 158(1)(f) and preceding word inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(2)](https://www.legislation.gov.uk/uksi/2009/730/article/6/2)
[^key-2ec0e4827479a16cb7365618644582b6]: S. 158(1A)(1B) inserted (with effect in accordance with art. 6(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [6(3)](https://www.legislation.gov.uk/uksi/2009/730/article/6/3)
[^key-8952824b2855288ab6b5083b1bed19a2]: Words in s. 223(3)(b) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(2)](https://www.legislation.gov.uk/uksi/2009/730/article/7/2)
[^key-699ed7718a6224f635c3a612e639feed]: Words in s. 223(3)(c) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(3)](https://www.legislation.gov.uk/uksi/2009/730/article/7/3)
[^key-e82de83764af4d3cb35fb7648e583a4e]: S. 223(3)(d) inserted (with effect in accordance with art. 7(5) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [7(4)](https://www.legislation.gov.uk/uksi/2009/730/article/7/4)
[^key-158bd70398fcfe70d9e8bd3dae0a4316]: Words in s. 223(3) substituted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(2)](https://www.legislation.gov.uk/uksi/2009/730/article/8/2)
[^key-5673ec60b5e85c744b2901a89100937d]: S. 223(3A)(3B) inserted (with effect in accordance with art. 8(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [8(3)](https://www.legislation.gov.uk/uksi/2009/730/article/8/3)
[^key-70422e9e40709e99f1e250950d4f8cf4]: S. 225B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [9(1)](https://www.legislation.gov.uk/uksi/2009/730/article/9/1)
[^key-3ab724ec134cf6b24ac0e1f201914287]: S. 225C inserted (with effect in accordance with art. 10(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [10(1)](https://www.legislation.gov.uk/uksi/2009/730/article/10/1)
[^key-bc2eb34cc93aad618e32831c62869f7c]: S. 239 heading substituted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(2)](https://www.legislation.gov.uk/uksi/2009/730/article/11/2)
[^key-2484b95d0ee9c451a21e3c8e6b60332e]: S. 239ZA inserted (with effect in accordance with art. 11(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [11(3)](https://www.legislation.gov.uk/uksi/2009/730/article/11/3)
[^key-ca563ae10bf92cd42688b032db50f4c6]: Words in s. 258(2) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(a)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/a)
[^key-ad0529ca4cc7754be8d0d6df29fdd695]: Words in s. 258(2)(a) substituted (with effect in accordance with art. 12(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(b)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/b)
[^key-8d94207f45c3e1a413cf1a6e45978958]: Words in s. 258(2)(b) omitted (with effect in accordance with art. 12(2) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2009 (S.I. 2009/730)](https://www.legislation.gov.uk/uksi/2009/730), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/730/article/1/1), [12(1)(c)](https://www.legislation.gov.uk/uksi/2009/730/article/12/1/c)
[^key-bca43ff72075129ba5ba54d83e2b9bdb]: Word in s. 116B heading substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-622175623c83a1c0f0939bc46ed746d8]: Word in s. 116B(1) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/2), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-244dabc16ff7c647159c7a74256471c1]: Words in s. 116B(1)(a) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/3), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e72024702cc06837beb040e230c07b15]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/4), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-97549df711002e3032581dfbce499233]: Figure in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/a), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-a5d5cd115d2204f6cc40ae8c23039025]: Words in s. 116B(2) substituted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 5(5)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/5/5/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-e0c64c75d6551248230e0f994d37ad34]: S. 171(3A) omitted (retrospective and with effect in accordance with Sch. 24 paras. 12, 13-16 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 9(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/9/b), [12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/12)
[^key-5e193b47c09b886f97c3763f3465be02]: S. 116B(1) modified (with effect in accordance with Sch. 24 para. 14(1) of the affecting Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 24 paras. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/24/paragraph/14/3), 15
[^key-d98fcb428c3f3cd3c20eb6d2590d5102]: S. 287(3) excluded (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 14(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/14/2)
[^key-392cc9515ea9530e1b58df81192664ed]: Words in s. 14A(3)(b) inserted (with effect in accordance with Sch. 27 para. 15(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 27 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/27/paragraph/12)
[^key-7ecce0feb1f68805fff86c02d5afd4d7]: Words in s. 25A(2)(a) substituted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/2)
[^key-84cacdb89d68ce6ea02bb4dda4d50632]: S. 25A(4) substituted for s. 25A(4)-(4D) (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/3)
[^key-57ec65eda28c5c0f6c36966317505da5]: Words in s. 25A(5) omitted (with effect in accordance with Sch. 32 para. 5(2) of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 32 para. 3(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/32/paragraph/3/4)
[^key-bf71670aadc3e7ab4fc8e8705174aa81]: Word in s. 35(3)(c) omitted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/a)
[^key-01d259715296bb1644d8bb7b2179b389]: S. 35(3)(ca) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 2(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/2/b)
[^key-c0ac79b17980b87f1cb49c3cdf18b5f6]: S. 55(5A) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/3)
[^key-31caa657f388b1a9ea9a99c3d852de0f]: Words in s. 175(2C)(b) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 4](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/4)
[^key-e2c75e34fffcab7929914f5e66df3f10]: Ss. 171A-171C substituted for s. 171A (with effect in accordance with Sch. 12 para. 5 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 12 para. 1](https://www.legislation.gov.uk/ukpga/2009/10/schedule/12/paragraph/1)
[^key-0d2aae42ff4cc78a885c59f888b1be86]: Ss. 195A-195E inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/5)
[^key-071710195256a5cfff74ede9ba3b288d]: Words in s. 196(1) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/3)
[^key-3ead711627a69772a6594316dd1c30d3]: S. 196(1B) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/4)
[^key-4ac00c56c672552fdc81d60afb635a26]: Words in s. 196(2) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(5)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/5)
[^key-2fbfa30392b4e5ce317c45e906a52719]: Words in s. 196(3) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(6)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/6)
[^key-44c189e139afcbb0450c97fb9af25f89]: Words in s. 196(5) substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/a)
[^key-b1b3bdf62374e2c97aa31c8daf923b21]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/b)
[^key-dc38ead3c6e8c80afac3ad1a172d1f91]: Words in s. 196(5) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(7)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/7/c)
[^key-58301cec8f061ea46d62e8ad88e91f3a]: S. 198(2A) inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 11](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/11)
[^key-c32d6463e84a7740d0b379c840b6e96d]: S. 198(3) substituted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/10)
[^key-22b7c1e71272dc3ca926fc06b3d3ec58]: Words in s. 196 heading substituted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 6(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/6/2)
[^key-b5860f8d292feb332d076a83451242de]: Ss. 198A-198G inserted (with effect in accordance with Sch. 40 para. 13 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/12)
[^key-390876040949e70dacaecbb8514c265b]: Words in s. 263B(2) substituted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/2) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-1d9bfd124826fede6a94043ac0924bc4]: Words in s. 263B(4)(a) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/a)
[^key-0902e8294508a0dfe45914895454869a]: Words in s. 263B(4)(b) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/b)
[^key-08c9273ce81b92dcf2d918f8736e9c4c]: Words in s. 263B(4) inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(3)(c)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/3/c) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2))
[^key-0be3ca095604c81b69e588bba237c2f4]: Words in s. 263B(7) omitted (21.7.2009) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 2(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/2/4)
[^key-8326ee60fc791dc0f48ef7dab5765d94]: S. 263CA inserted (21.7.2009) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 13 para. 3](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/3) (with [Sch. 13 para. 4(1)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/1)[(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/2)[(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/13/paragraph/4/3))
[^key-c95c78a108895a043567c241a1531c87]: Words in Sch. 3 para. 1(2) inserted (with effect in accordance with Sch. 40 para. 8 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 40 para. 7](https://www.legislation.gov.uk/ukpga/2009/10/schedule/40/paragraph/7)
[^key-63dc2513f864980d52309b26790e5b66]: Sch. 5B para. 1(2)(g) and preceding word substituted for Sch. 5B para. 1(2)(g)(h) (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/2)
[^key-ea776f18efaae407ebbfbddafd3029df]: Words in Sch. 5B para. 1(2) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 2(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/2/3)
[^key-e6bd32a22fd4fd6d98a9e459a19e17d3]: Words in Sch. 5B para. 1A(4) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(a)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/a)
[^key-79f0260654f30f0aaa7576a49d5e80fe]: Words in Sch. 5B para. 1A(4)(a) substituted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(2)(b)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/2/b)
[^key-f8f9373d99b2eb7d8d631a7eac81ca51]: Sch. 5B para. 1A(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 3(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/3/3)
[^key-4b335a28d59a82c1f2b98a6805acaa73]: Sch. 5B para. 9(1)(1A) substituted for Sch. 5B para. 9(1) (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(2)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/2)
[^key-cf97cc9610579647a70ac41a8f5dd58f]: Words in Sch. 5B para. 9(2) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(3)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/3)
[^key-2a8e67ec5354ecb9e71e6a9bf476acab]: Sch. 5B para. 9(3) substituted (with effect in accordance with Sch. 8 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 4(4)](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/4/4)
[^key-b79cf7d3d3ee5641e2d390fd4f614223]: Sch. 5B para. 16(4A) omitted (with effect in accordance with Sch. 8 para. 11 of the amending Act) by virtue of [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 8 para. 5](https://www.legislation.gov.uk/ukpga/2009/10/schedule/8/paragraph/5)
[^key-cef46be1859c2ba67572882ef863191d]: Word in s. 169E(1) inserted (13.8.2009) by [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(a)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/a)
[^key-ae0973d07b4677ad7203aea9aee7434c]: Words in s. 169E(1) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 30(b)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/30/b)
[^key-4db8f01bf6649539755b7ead52d476b0]: S. 169G(2)-(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 31](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/31)
[^key-f5717e2956135e3e26e8530446858d9e]: S. 235 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 32](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/32)
[^key-3ab2738cdb0c091f1ff8ffde1c7227ba]: Sch. 1 para. 1(7) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-773ddf5ce6c149c2e91c091bb936f215]: Sch. 1 para. 2(9) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 33](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/33)
[^key-b3a49a1d5bca45d15d049fdf69bd32e1]: Sch. 5 para. 10 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 35](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/35)
[^key-597d0b3c8e04ddb54a10207b211b8463]: Sch. 4ZA paras. 14-16 omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 34](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/34)
[^key-ac8c622ad6e2cec0a627304357ad6b95]: Sch. 10 para. 2(5) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(i)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/i)
[^key-23167c40b83c8d373d4f039ca2908bde]: Sch. 10 para. 2(10)(a)(iv)(v) omitted (13.8.2009) by virtue of [The Finance Act 2009, Schedule 47 (Consequential Amendments) Order 2009 (S.I. 2009/2035)](https://www.legislation.gov.uk/uksi/2009/2035), [art. 1](https://www.legislation.gov.uk/uksi/2009/2035/article/1), [Sch. para. 60(f)(ii)](https://www.legislation.gov.uk/uksi/2009/2035/schedule/paragraph/60/f/ii)
[^key-dfb9963a2e52ef4c52a283fba4b858f6]: Words in s. 61(3)(a) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(a)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/a); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-fbe19c8030857666cc46931cd1415f41]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(b)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/b); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-12c0408f75be600c99e8d9713347a400]: Words in s. 61(3) substituted (1.10.2009) by [Constitutional Reform Act 2005 (c. 4)](https://www.legislation.gov.uk/ukpga/2005/4), [s. 148(1)](https://www.legislation.gov.uk/ukpga/2005/4/section/148/1), [Sch. 11 para. 30(2)(c)](https://www.legislation.gov.uk/ukpga/2005/4/schedule/11/paragraph/30/2/c); [S.I. 2009/1604](https://www.legislation.gov.uk/uksi/2009/1604), [art. 2(d)](https://www.legislation.gov.uk/uksi/2009/1604/article/2/d)
[^key-b974f25819e57e7ecb0a7cfaaa60454b]: Words in s. 170(9)(a) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [3(2)(c)](https://www.legislation.gov.uk/uksi/2009/1890/article/3/2/c)
[^key-c76077acd3c8beed07c526b7fce7968e]: Figures in s. 176(3) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [9](https://www.legislation.gov.uk/uksi/2009/1890/article/9)
[^key-842ca43789f8c45557e370f67927bc32]: Words in s. 239(7) substituted (1.10.2009) by [The Companies Act 2006 (Consequential Amendments) (Taxes and National Insurance) Order 2009 (S.I. 2009/1890)](https://www.legislation.gov.uk/uksi/2009/1890), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2009/1890/article/1/1), [4(1)(i)](https://www.legislation.gov.uk/uksi/2009/1890/article/4/1/i)
[^key-8abf0bf0872d6f41ede4b8fc219fe0ae]: S. 179 excluded (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [17](https://www.legislation.gov.uk/uksi/2009/2971/regulation/17), [18(3)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/3)
[^key-27324177db382e3c2cd1572ceea81831]: S. 179 modified (with effect in accordance with reg. 1(2) of the affecting S.I.) by [The Mutual Societies (Transfers of Business) (Tax) Regulations 2009 (S.I. 2009/2971)](https://www.legislation.gov.uk/uksi/2009/2971), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/1/1), [18(4)](https://www.legislation.gov.uk/uksi/2009/2971/regulation/18/4)
[^key-bcfb8945f2e9fd83b2cf3d3eed89d06c]: S. 272(5) applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [10(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/10/2)
[^key-354e5f9a4bcafa9fce433da3cae89e5a]: S. 12 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-9e8bc05e6c5bbae2a541e2c553795735]: Ss. 87-90A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/4)
[^key-25b9c1da002b88b447d1d5f3a2e500bc]: Ss. 96-98 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-15184be5d5ee5ed29bc4ef36d32f542f]: Sch. 4C applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [20(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/20/3)
[^key-2f57ab9b70280ec5e5d37093965a526b]: S. 2(1) applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/a)
[^key-610ce6d0fea0b593827515ffdc9cc6a2]: S. 10 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/b)[(3)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/3)
[^key-ef9737aef9c4c4f350c75fa880131e54]: S. 10B applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [22(1)(c)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/1/c)[(4)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/22/4)
[^key-939a37758c40b0daff266947f2f08a30]: S. 10A applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [23](https://www.legislation.gov.uk/uksi/2009/3001/regulation/23)
[^key-24d7889432d136dc6face55782d62ac9]: S. 13 applied (with modifications) (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [24](https://www.legislation.gov.uk/uksi/2009/3001/regulation/24)
[^key-c07d3ffa8a4f4178040d79532f85962f]: S. 62 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [34](https://www.legislation.gov.uk/uksi/2009/3001/regulation/34/2)
[^key-c8bd393588c89e8b8b32353a787c0cf2]: S. 135 excluded (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), [35(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/35/1)
[^key-c11150e0a4577a22d2965c42093567e8]: S. 136 excluded (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), [36](https://www.legislation.gov.uk/uksi/2009/3001/regulation/36)
[^key-edd83b2de45b4f33b1fbe7f60998b3a5]: S. 127 restricted (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [37](https://www.legislation.gov.uk/uksi/2009/3001/regulation/37)
[^key-29e5e150f583415acd532801ad7c42bb]: S. 16 excluded (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [42(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/42/2)
[^key-ff5cb1001f2c641202e40640c0818dae]: S. 104 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [43(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/43/3/a)
[^key-c7cbd1407e02c9dd88d5bf75e28d0f93]: S. 37(1) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [45(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/45/2)
[^key-d3d31fd1516cadb2502dbafd1cd25a13]: S. 162(4) modified (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [46(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/46/2)
[^key-6558f3e5c3f2e13e49b9cebddd64637e]: S. 128 applied (with effect in accordance with art. 1(2)(3), Sch. 1 of the affecting S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [47(2)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/47/2)
[^key-cce328107c77d5b09531193eafd7dd9f]: Words in s. 108(1)(c) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/a), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-7cd185befa69f5eb48a9a91496e4ad4b]: Words in s. 108(1)(c) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(2)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/2/b)
[^key-9fee6ab9a1e476257c7f5fd7dfdf8938]: Words in s. 212(1)(b) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/a)
[^key-2d056c1bb61829212161f7007a58e6d4]: S. 212(5)-(7) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(3)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/3/b), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-b98061b0ea663b640d78966168ced34c]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(a)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/a)
[^key-1f807ae84a81232af87308e090df8038]: Words in Sch. 7AD para. 7(2) substituted (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [127(4)(b)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/127/4/b)
[^key-0da77b85f412c06638f5c5c1bc44c1c0]: Sch. 10 para. 14(63) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-efabcb47f77b8bbb4b9a9224e58ea22a]: Sch. 10 para. 14(43)-(49) repealed (with effect in accordance with art. 1(2)(3), Sch. 1 of the amending S.I.) by [The Offshore Funds (Tax) Regulations 2009 (S.I. 2009/3001)](https://www.legislation.gov.uk/uksi/2009/3001), [reg. 1(1)](https://www.legislation.gov.uk/uksi/2009/3001/regulation/1/1), [Sch. 2](https://www.legislation.gov.uk/uksi/2009/3001/schedule/2)
[^key-1ff942f3392bcff11560417d8a5b0ad7]: Act modified (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [reg. 3(1)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/1)
[^key-cc258e11ac8b14a1805b0c1728850b4a]: S. 288(3A) extended (1.1.2010) by [The Northern Rock plc (Tax Consequences) Regulations 2009 (S.I. 2009/3227)](https://www.legislation.gov.uk/uksi/2009/3227), [regs. 1](https://www.legislation.gov.uk/uksi/2009/3227/regulation/1), [3(2)](https://www.legislation.gov.uk/uksi/2009/3227/regulation/3/2)
[^key-47989847039c135439eb58d3ce6b41fb]: S. 2(1) extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cda4715377344cbddead5e2724ffa2da]: S. 10 extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-b2aa8f5770bf60e7dd4e3533dbcbae70]: S. 10A applied (with modifications) by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85P (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-2079dd3b90ded72aa357f9dc9b83ecb8]: S. 10B extended by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85O (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ba5b590a6d776ead0ae676bacf6a5f28]: S. 16 excluded by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z4 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f3aa77bc6dac57b0186ac65332f84fbe]: S. 62 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85W(2) (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-a42e03bd15fd22a92c2b8c8cea03936c]: S. 128 applied by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z8 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-ce6ac0460dd43e08b71c26d09618ac72]: S. 135 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85X (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-cae86b50ab3d06d33edca267e1e6e200]: S. 136 restricted by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Y (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-6a1df202dcb12410b76fcf4393851ea2]: S. 162 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-f0167c342e737649b86d258ad50ad3a5]: S. 162(4) modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z7 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d2b6d8cbf88539f870ca06f7d2931633]: S. 165 modified by S.I. 2006/964, reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Authorised Investment Funds (Tax) (Amendment) Regulations 2010 (S.I. 2010/294)](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-d34eadb56950761146661d2c82ac3e04]: S. 260 modified by The Authorised Investment Funds (Tax) Regulations 2006 (S.I. 2006/964), reg. 85Z3 (as inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [S.I. 2010/294](https://www.legislation.gov.uk/uksi/2010/294), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2010/294/regulation/1/1), [21](https://www.legislation.gov.uk/uksi/2010/294/regulation/21))
[^key-9cced852d460cf4f443ba8ec6287c36c]: Words in s. 287(1) substituted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4edca7e4a1bfa8ccaa47ddc0d41cec8e]: S. 287(2A) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 318(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/318/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-facc05574d35cfdd734b1c6f0e9981b0]: Words in s. 288(1) inserted (18.3.2010) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(2)(c)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/2/c), [Sch. 8 para. 319](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/319) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-4266de9542ef073c6fce2fc2a27d4d7b]: S. 105 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0c7aff1b85dcce72bdb09070f5b85a4c]: S. 107 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 76(4)](https://www.legislation.gov.uk/ukpga/2010/4/section/76/4), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5f6081cea6f8efe23af6969a115c8d5b]: S. 48 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 208](https://www.legislation.gov.uk/ukpga/2010/4/section/208), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ba322f149898daa927e7e72203805ffc]: Ss. 272-274 applied (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 210(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/210/1), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8d376f8f74d5b6f4224b95f4a78d3854]: S. 256(4) excluded (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 515(7)](https://www.legislation.gov.uk/ukpga/2010/4/section/515/7), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-93090c07391e5e1773a063bd34e22765]: S. 171 modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d3cf525108c50c202bdf8723c8304c79]: Ss. 171A-171C modified (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 601](https://www.legislation.gov.uk/ukpga/2010/4/section/601), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-185badb0f3e95b05806b02221f051036]: S. 170(3)-(6) applied (with effect in accordance with s. 1184(1) of the affecting Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [ss. 996(3)](https://www.legislation.gov.uk/ukpga/2010/4/section/996/3), [1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d1df36a1652a9cad6391941c440e8928]: S. 103A inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 8](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/8); S.I. 2010/670, art. 2
[^key-407ead90697e6339d3114629d9a9592b]: Word in Pt. 3 Ch. 3 heading inserted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); S.I. 2010/670, art. 2
[^key-08df6050dc651264a65e3cee3044d3df]: Words in s. 288(1) substituted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 10](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/10); S.I. 2010/670, art. 2
[^key-8a3a002645da75cf42b2f7b0979acdba]: Word in [Pt. 3](https://www.legislation.gov.uk/ukpga/1992/12/part/3) heading inserted (with effect in accordance with [Sch. 22 para. 12](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/12) of the amending Act) by [Finance Act 2009 (c. 10)](https://www.legislation.gov.uk/ukpga/2009/10), [Sch. 22 para. 9](https://www.legislation.gov.uk/ukpga/2009/10/schedule/22/paragraph/9); [S.I. 2010/670](https://www.legislation.gov.uk/uksi/2010/670), [art. 2](https://www.legislation.gov.uk/uksi/2010/670/article/2)
[^key-9e753db6f12cb524275f0ced258de330]: Words in s. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 226](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/226) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fa3e4f20908eb27f5cd9497f1e9fcf84]: Words in s. 10(4) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-f36984940d55d191861f4e4cab456d4a]: Words in s. 10B(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-5e088d0eceafa0e48c3ddc6249cb61ff]: Words in s. 13(12) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 227](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/227) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-74c12f4f97cc5db9fe2af334d2afe8c3]: S. 37(5A) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 228](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/228) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fbad9607b9f2d442e2ca3a382d57ef89]: Words in s. 37(2) added (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 231](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/231) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-8550bf2cc9e55ee0c10db44131720764]: S. 37A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 3 para. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/3/paragraph/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c9c9bb0df0666fee6531dfe7dbdbcb4e]: S. 39(5) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 229](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/229) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9a68d6bb8c3d0093f56f6d567c8c7bf]: Word in s. 55(6)(a) omitted (with effect in accordance with art. 7(4) of the amending S.I.) by virtue of [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-803356622767a15267c3af65a79924e8]: S. 55(6)(aa) inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(2)](https://www.legislation.gov.uk/uksi/2010/157/article/7/2)
[^key-b24e889286f9da876c3bdf2328703946]: Words in s. 59(2)(b) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9fd4606627d0f0e29040d5267316604e]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a65e5176b3b1983fedd5c4b65837371a]: Words in s. 96(10)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c3700b6ed625fc35386d67b9cb8792b]: Words in s. 96(10)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 230(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/230/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5e807132473b660ad1560eb32c2b5a69]: Words in s. 99(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 199](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/199) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-40f48405aa481901b0316f59387cb55b]: Words in s. 108(1)(c) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 164](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/164) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-d1ba10c12c2e01077df38a1b0b54980f]: S. 117(6D) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 200](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/200) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e2cc3ac834d2c55b965e3fb294a33e7f]: Words in s. 117(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 231](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/231) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50fdb3d368d5eac2cb36f93d278b53f4]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-f9e9de111f2ede66f4089cd395a0127d]: Words in s. 125(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 232(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/232/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-450c77f9a59b56bc2e20eb7fadeabde0]: Words in s. 125A(1) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/a), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0e01c51ff649f73e1111dfce815efeaf]: Words in s. 125A(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 233(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/233/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-400805aaba06ffedad14b9789125a726]: Words in s. 135(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 234](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/234) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-398b9aef8e82809f6649b60c6ed1ea57]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a9dabd70c5800a8686c9aa00135f0306]: Words in s. 140H(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-df79fc617d062e2925058335991be118]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-dda96e64994348384751f8d0e794fa60]: Words in s. 140I(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-6804e1e1cf56806b630b232f36a170a8]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(b)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/b) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-ca2e5abc1437b21a5c8dd76cc3de3aca]: Words in s. 140J(3) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 44(a)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/44/a) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a91684c7f56b11883b3731294c32d6b2]: Words in s. 140L(1)(c)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 235](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/235) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e7fa838e7f78081aa556aec6841f8643]: Words in s. 151BA(10)(b)(i) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5c86d9ef1177922f7f90e82d5bfa921e]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-50f5b0c53ca5ac32fd0259ec0625413c]: Words in s. 151BA(10)(b)(ii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7796aa1d83f8813c30867783d33ed94c]: Words in s. 151BA(10)(b)(iii) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 236(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/236/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3ccd75c47a22e805a8505a656a5bf353]: Words in s. 151BB(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 237](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/237) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3fa660fe42f576c7cbe51db26d1d6fb3]: Words in s. 151C(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 238](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/238) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-8278b15c0471b4c8b53ce6bb49160338]: Words in s. 151D(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 239](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/239) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-16361d65b9075490ac907bf84952b23f]: S. 151F repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 201](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/201), [Sch. 10 Pt. 7](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/7) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-554034506f295e44202101178969441b]: Pt. 4 Ch. 4 inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 28](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_e2972858-19a8-4ed4-ca31-eeffafc6d452]: S. 151I inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 29](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/29) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fdc3c3e3-2ac3-428f-c76c-a161c869348f]: S. 151J and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 30](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/30) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_02c42ed8-0d20-4bdf-a6ab-17a4b53b9547]: S. 151L inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 32](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/32) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_d2cef17f-44d7-4eb6-a21a-72524ce9544c]: S. 151K inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 31](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/31) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_015bd60e-9046-40b3-bc46-97440d3d2925]: S. 151M inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 33](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/33) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_71e335a0-1fe7-4f7e-99d0-3e5bb711918e]: S. 151N inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 34](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/34) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_7db55573-09f7-43cd-a679-aad5ab1a5714]: S. 151O inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 35](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/35) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ebcd6eab-b60c-4e65-aad6-a28bc7bd77f4]: S. 151P and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 36](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/36) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_176dbd95-7963-4642-a243-a2b1b65bd3b4]: S. 151Q inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 37](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/37) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_1fe5bfae-7848-4074-b0a5-50ca4f832461]: S. 151R inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_416545a9-5265-4334-87d7-1105afebcaeb]: S. 151S inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 39](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/39) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4fe50031-dc7f-431d-c7a1-cf7d07893eec]: S. 151T and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_fe10cdde-9ed7-431d-8919-9bddac0ce913]: S. 151U inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 41](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/41) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_4b61305e-71a2-431f-a73f-0e3a07f2df4d]: S. 151V inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 42](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/42) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_841eeb5d-b63d-4992-b66c-0b2518d21e0f]: S. 151W inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 43](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/43) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_ae68e326-ed1b-4ba0-e1d0-ebd49bf2686a]: S. 151X and cross-heading inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 44](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/44) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^M_F_55d17d2f-bc63-4240-9d1d-785fae29c8c0]: S. 151Y inserted (with effect in accordance with [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 2 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/2/paragraph/45) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a884ff15ff70435712ebe970051ef985]: S. 151T(7) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Taxation (International and Other Provisions) Act 2010 (Amendment) Order 2010 (S.I. 2010/2901)](https://www.legislation.gov.uk/uksi/2010/2901), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2901/article/1/1), [2](https://www.legislation.gov.uk/uksi/2010/2901/article/2)
[^key-bdebe8b2c78c6dae079d4a8d0fc9ae96]: S. 161(6) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 240](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/240) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ff1a39ddde65c7753dfcb677e603ed98]: Words in s. 165A(14) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 241](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/241) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4cfe999d8dce3afaa50f8ccff1c41141]: Words in s. 170(2)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b88689aaff6dcc5deee95cbf1eaf2d5c]: Words in s. 170(6)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c8234aa6ed3994f0536e0407dc10dbce]: S. 170(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 242(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/242/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-9462d010f64110e04247abaa4e96221f]: Word in s. 170(8)(a) omitted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by virtue of [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(a)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/a)
[^key-1534a3ea00b7011ef7dfa7296b7c119c]: S. 170(8)(aa) inserted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(2)(b)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/2/b)
[^key-b63af56532fad81819bbeaffd2f772b6]: Words in s. 171(2)(da) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 243](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/243) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3505c5561b9ec0cb31bb0474f46c6695]: Words in s. 179(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-c7e5de782f7dbd3a1b853042d880042a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3341421db86ef9a492d1d22916cbd55e]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-654eedb85ca9bd2cd343ddf103a9e67a]: Words in s. 179(9A) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 244(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/244/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ee17d5bb5192a2f8b563476d2cca4589]: Words in s. 184H(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 245](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/245) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d666b17d0b80246e29477893218ae2c0]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d96ce1eea38d66583fac10cb8597b4d5]: Words in s. 190(13) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 246(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/246/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ca4c125d0d999dbfed64fb8e99023d00]: Words in s. 192(2) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-7c66e97e42e99bbf85e1100c91d94e8e]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-377cca624cf222c755b2031de3f9ed81]: Words in s. 192(5) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 247(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/247/3/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5239cda659e4198707da88cdfe21557a]: Words in s. 198(5)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 248](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/248) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d47973f8ca422236c3f5b39658b155a4]: Words in s. 203(2) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 29](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/29); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-9226e0a12c9cad4515c01dff8eca357b]: Words in s. 212(1)(c) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 249](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/249) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fb5859b0425bc6eb1c66e32fc3e6597b]: Words in s. 212(1)(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. 165](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/165) (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-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-b36f60201d172f594631032623b386d4]: Words in s. 263B(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. 259](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/259) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab38fcf2004f3e5b9816ca43681e1761]: Words in s. 263E(1)(a) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(2)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-79e778d6ebfed5f7191ec3b4795b54ae]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(3)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/3) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cc5f9e2399e52c455b27915d81a699f8]: Words in s. 263E(6) inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(4)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/4) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-e43cfefee0c9492890e7052ce2552def]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(5)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/5) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-c36b5ac8119a98b3a0e2652028a78911]: Words in s. 263E(6) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 268(6)](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/268/6) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a6f12f395329a14f0ad5729c1efac7ec]: Words in s. 263E(1)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 260](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/260) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-26c6c0d9326891d1f93e85d7b8f0b881]: Words in s. 271(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-888bc7015402221c78d7405234974e9e]: Words in s. 271(6)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 261(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/261/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1d03972a07916d56c05600371d7f8ae]: Words in s. 276(2)(d) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 262](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/262) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-5982316e786459b86dd1bbca76bed96a]: S. 277 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 45](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/45), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-0a47500c654fda9c28c14a02e5a35563]: S. 278 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 46](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/46), [Sch. 10 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/1) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-7f1a1ea48bd5b8ff51cc5fd588c31c3a]: Words in s. 279(5)(a) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(a)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/a); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-52f55f47561c37046a1158bb0b329528]: Words in s. 279(5)(b) substituted (1.4.2010) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 118(2)](https://www.legislation.gov.uk/ukpga/2008/9/section/118/2), [Sch. 39 para. 31(b)](https://www.legislation.gov.uk/ukpga/2008/9/schedule/39/paragraph/31/b); [S.I. 2009/403](https://www.legislation.gov.uk/uksi/2009/403), [art. 2(2)](https://www.legislation.gov.uk/uksi/2009/403/article/2/2) (with [art. 10](https://www.legislation.gov.uk/uksi/2009/403/article/10))
[^key-643ab9e50514460beb215a103cb993dc]: Words in s. 286(3A)(b) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 263](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/263) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-fe1de5f3c103f55a9b92356e326a713e]: Words in s. 288(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 47](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/47) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-2d6c6495e4231d33f2fbd4735731ea09]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a541261f5d562c4584209ffc551f8fee]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ec2d66ad6b99182d5b31f2d5057ae6fc]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-693eee3fd96f6288b7e4f42cfa9f55c5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(d)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/d) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-aa49fd8526bd132baa90efca7f2147ef]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(e)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/e) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e597dff440ee8c7dd4ad8dd590c016d5]: Words in s. 288(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(f)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/f) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-285abd80384872cf9aa7537454075e2a]: Words in s. 288(1) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(2)(g)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/2/g) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6f30c061611ffe1fbe8f9125548432d3]: Words in s. 288(3A)(a) inserted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d81b5ff9811801b63a35eb4cddaf58c5]: S. 288(3A)(e) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 264(3)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/264/3/b), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-196aba22eed3b269877432871e3e6c61]: Words in s. 288(8) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 202](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/202) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-486b2ef49ea7f18e34cbfef66ee55b81]: Ss. 248A-248E and cross-heading inserted (with effect in accordance with art. 8(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [8(1)](https://www.legislation.gov.uk/uksi/2010/157/article/8/1)
[^key-2c52cf27be032c869a0727f1d7b1299e]: S. 268B inserted (with effect in accordance with art. 9(2) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [9(1)](https://www.legislation.gov.uk/uksi/2010/157/article/9/1)
[^key-f021fc1d165d23551599defa253867a1]: Words in Sch. 3 para. 7(3)(a) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 265](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/265) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-73ea8674a133bdec77aec5503ac4f35c]: Sch. 3 para. 1A inserted (with effect in accordance with art. 7(4) of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2010 (S.I. 2010/157)](https://www.legislation.gov.uk/uksi/2010/157), [arts. 1](https://www.legislation.gov.uk/uksi/2010/157/article/1), [7(3)](https://www.legislation.gov.uk/uksi/2010/157/article/7/3)
[^key-0003ac38f1bf47c0c40f92d9eda55052]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-11a2100693c1466990fa5c8c2dd9c845]: Words in Sch. 5 para. 2(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b5ec147617e82f14abd0bfb7dd61e9f6]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1bcd5e7856fbec78da951d738dee18de]: Words in Sch. 5 para. 2(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-eeb122a21b22a4aab8854ed51a58751d]: Words in Sch. 5 para. 2(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(2)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/2/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-054d6182aea4486c5359a2ce7332f59f]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-ab9bb2709deb11cca53f9febedd8f806]: Words in Sch. 5 para. 2A(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0559f42380d963495ed3c66689883959]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-47eda05d9710662a281db9c7e83f5921]: Words in Sch. 5 para. 2A(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4f64ff6e341a7740f60cd704549aee85]: Words in Sch. 5 para. 2A(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(3)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/3/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d7bbd29d595da013dd3a96c6058e1195]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a1f95e3543bb5d39a0d22c38c11809d0]: Words in Sch. 5 para. 8(8) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-632b3ce5ba78954beae956860f2e1945]: Words in Sch. 5 para. 8(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(4)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/4/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-88cea614e42865149f305551f6d6453b]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-3a1b7d636def9e76a3e52dbd3b9cd41e]: Words in Sch. 5 para. 9(9) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(a)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/a/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1a0b42e7c279aa342702f9b27016aa0c]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(i)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/i) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7304f1866bb5c387f460fce4a858158]: Words in Sch. 5 para. 9(10) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(b)(ii)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/b/ii) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a3c634eebb816ace19fb32d4f105c3e0]: Words in Sch. 5 para. 9(11) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 266(5)(c)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/266/5/c) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-459435e4514bc2cce5b4d4bb8c326107]: Words in Sch. 5AA para. 4(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-6eabe71b875174963ac04ce15ae7d43d]: Words in Sch. 5AA para. 8(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 267(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/267/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-90466fc45498b2c7099867d52e44cf65]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-4ac89ee10e391230c7f273dbe0bdedda]: Words in Sch. 5B para. 19(1) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 268(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/268/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-1c256cce464613fcf8b396987d3fffbb]: Words in Sch. 7AC para. 5(6) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(2)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/2) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-b7de2c1469e84e8cc147ee5b840364b4]: Sch. 7AC para. 8(2) substituted for Sch. 7AC para. 8(2)(3) (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(3)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/3) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-24b63841d74bbb4a4e08b1f3653dd668]: Words in Sch. 7AC para. 8(2) substituted (with retrospective effect in accordance with art. 1(2) of the amending S.I.) by [The Corporation Tax Act 2010 (Amendment) Order 2010 (S.I. 2010/2902)](https://www.legislation.gov.uk/uksi/2010/2902), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2010/2902/article/1/1), [2(3)](https://www.legislation.gov.uk/uksi/2010/2902/article/2/3)
[^key-540877340414267cd069fd6cd9479452]: Words in Sch. 7AC para. 17(3) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(4)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/4) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-e6a494af4bc924fc835416b7d8eecba1]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(a)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/a) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-62a86c30fe8b927c147941eb6915b9b9]: Words in Sch. 7AC para. 26(4) substituted (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 1 para. 269(5)(b)](https://www.legislation.gov.uk/ukpga/2010/4/schedule/1/paragraph/269/5/b) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-69434fe0e85433febd0f5aefbbeb1838]: Words in Sch. 7AD para. 7(1) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 166](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/166) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-3d855a28a891e2ac575b84002f6df501]: Words in Sch. 8 para. 9(2) substituted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 8 para. 244](https://www.legislation.gov.uk/ukpga/2010/8/schedule/8/paragraph/244) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-685dfa50134d9d0cbce999fdfa170f2c]: Sch. 10 para. 3 repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-cff185289988f339d82da44f2f80bb85]: Sch. 10 para. 14(19) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-a6978fc43f2e05f1698da09f29e8f756]: Sch. 10 para. 14(14) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-0b78e26be6f44c126d7db23565089140]: Sch. 10 para. 14(20) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-d4ae496ab0f5862288a64b6e51286d28]: Sch. 10 para. 14(32) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-acee1e8f73e45fd72a8f3427de367d79]: Sch. 10 para. 14(51) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-85f99df33e4b3cff5f3bff813e42154f]: Sch. 10 para. 14(54) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-89dbdb28fc4e0c77885987a4b0f985e9]: Sch. 10 para. 14(55) repealed (with effect in accordance with s. 1184(1) of the amending Act) by [Corporation Tax Act 2010 (c. 4)](https://www.legislation.gov.uk/ukpga/2010/4), [s. 1184(1)](https://www.legislation.gov.uk/ukpga/2010/4/section/1184/1), [Sch. 3 Pt. 1](https://www.legislation.gov.uk/ukpga/2010/4/schedule/3/part/1) (with [Sch. 2](https://www.legislation.gov.uk/ukpga/2010/4/schedule/2))
[^key-01f7cbcc85e1d2ae365a6da8a51a5837]: Sch. 10 para. 16(6) repealed (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 10 Pt. 12](https://www.legislation.gov.uk/ukpga/2010/8/schedule/10/part/12) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-a85692ecc28106f774233f450fa3d54d]: Pt. 4 Ch. 4 applied (with modifications) (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 40](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/40) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-39cd41ece8d3464d025358ed47b6e41e]: S. 151W(b) modified (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 9 para. 38](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/38) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-9d2266cff61c51d6e733a53fa72156c3]: Pt. 7A inserted (with effect in accordance with s. 381(1) of the amending Act) by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 381(1)](https://www.legislation.gov.uk/ukpga/2010/8/section/381/1), [Sch. 6 Pt. 2](https://www.legislation.gov.uk/ukpga/2010/8/schedule/6/part/2) (with [Sch. 9 paras. 1-9](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/1), [22](https://www.legislation.gov.uk/ukpga/2010/8/schedule/9/paragraph/22))
[^key-36cb4cd87b9bcd02ba09f79afe0d7eb3]: Words in s. 140(4) substituted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(a)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/a)
[^key-f6adb31ad7de0adf5588d5ab4fa20f19]: S. 140(4A) inserted (with effect in accordance with s. 37(3) of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(1)(b)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/1/b)
[^key-b2eec19dc7a5575befe590ec4da71443]: Sch. 7AC para. 35 omitted (with effect in accordance with s. 37(3) of the amending Act) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [s. 37(2)](https://www.legislation.gov.uk/ukpga/2010/13/section/37/2)
[^key-bc279a1ba044257ed395db94fe53eb1d]: Sch. 8A inserted (with effect in accordance with Sch. 9 para. 3 of the amending Act) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2010/13/schedule/9/paragraph/2)
[^key-f4fb6dc4a620d33114dd9c46d7919bcb]: Words in s. 169H(1) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 4](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/4)
[^key-4a46493a1659aa2d4eed7de8bcc40e20]: Ss. 4, 4A substituted (with effect in accordance with Sch. 1 para. 12 of the amending Act) for s. 4 by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 2](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/2) (with [Sch. 1 para. 18](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/18))
[^key-940fac0d0ad27b649d9ceede394b38b2]: S. 4B inserted (with effect in accordance with Sch. 1 para. 13 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 3](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/3)
[^key-650142c95da88c84a5037548ddaa110d]: S. 169N(2)-(4B) substituted for s. 169N(2)-(4) (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/2)
[^key-667849f682dfbcbcc940de3c3f954f49]: Words in s. 169N(7) substituted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 5(3)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/5/3)
[^key-19df34405faaaf2f505544189fda1401]: Words in s. 169O(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 6](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/6)
[^key-b52a78edba90493908cee038a0a89082]: Words in s. 169P(3) omitted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by virtue of [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 7](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/7)
[^key-31c1de9894434392ef5499d0cc1802db]: S. 169R substituted (with effect in accordance with Sch. 1 para. 15 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 8](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/8)
[^key-8612bfe2191f24160a96041f269896fc]: Sch. 5B para. 1(5A) inserted (with effect in accordance with Sch. 1 para. 14 of the amending Act) by [Finance (No. 2) Act 2010 (c. 31)](https://www.legislation.gov.uk/ukpga/2010/31), [Sch. 1 para. 9(2)](https://www.legislation.gov.uk/ukpga/2010/31/schedule/1/paragraph/9/2)
[^key-8761bb75553550df1911883531245e13]: S. 22(4) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(2)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/2) (with [Sch. 3 para. 6(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/3))
[^key-1e992296c0fc4ef8c22c8167cf5e7218]: S. 122(6) inserted (with effect in accordance with Sch. 3 paras. 5, 7 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 3 para. 4(3)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/4/3) (with [Sch. 3 para. 6(4)](https://www.legislation.gov.uk/ukpga/2010/33/schedule/3/paragraph/6/4))
[^key-1df7283444504b4d887f698c5c686c44]: S. 223(8)(aa) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/1)
[^key-47ba1b837c82e29ec488a70281acd9bc]: S. 224(4) inserted (with effect in accordance with s. 16(4) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(2)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/2)
[^key-62445f6b6d3001fa675a73d9544cba13]: S. 225D inserted (with effect in accordance with s. 16(4)(5) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 16(3)](https://www.legislation.gov.uk/ukpga/2010/33/section/16/3)
[^key-bc0f627f676ff20f457d5e02f4955b46]: S. 198H inserted (with effect in accordance with s. 17(2) of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [s. 17(1)](https://www.legislation.gov.uk/ukpga/2010/33/section/17/1)
[^key-8ac7ad9c3f62d66d964ae9a5a9a75c94]: S. 142A inserted (with effect in accordance with Sch. 4 para. 12 of the amending Act) by [Finance (No. 3) Act 2010 (c. 33)](https://www.legislation.gov.uk/ukpga/2010/33), [Sch. 4 para. 1](https://www.legislation.gov.uk/ukpga/2010/33/schedule/4/paragraph/1)
[^key-373f5965a671396a7e06a325d96dd286]: S. 26A inserted (1.2.2011) by [Finance Act 2008 (c. 9)](https://www.legislation.gov.uk/ukpga/2008/9), [s. 39(7)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/7)[(8)](https://www.legislation.gov.uk/ukpga/2008/9/section/39/8); [S.I. 2011/23](https://www.legislation.gov.uk/uksi/2011/23), [art. 2](https://www.legislation.gov.uk/uksi/2011/23/article/2)
[^key-7560e22e2f77a5fef4de439618bf1b70]: Act applied (with modifications) (8.2.2011) by [The Investment Bank Special Administration Regulations 2011 (S.I. 2011/245)](https://www.legislation.gov.uk/uksi/2011/245), [reg. 1](https://www.legislation.gov.uk/uksi/2011/245/regulation/1), [Sch. 6 Pt. 1](https://www.legislation.gov.uk/uksi/2011/245/schedule/6/part/1) (with [reg. 27(a)](https://www.legislation.gov.uk/uksi/2011/245/regulation/27/a))
[^key-8673b85ff65de819c4cc92516ea5c995]: S. 283 restricted (1.4.2011) by [The Finance Act 2009, Sections 101 to 103 (Income Tax Self Assessment) (Appointed Days and Transitional and Consequential Provisions) Order 2011 (S.I. 2011/701)](https://www.legislation.gov.uk/uksi/2011/701), [arts. 1(1)](https://www.legislation.gov.uk/uksi/2011/701/article/1/1), [4(2)](https://www.legislation.gov.uk/uksi/2011/701/article/4/2), [5](https://www.legislation.gov.uk/uksi/2011/701/article/5)
[^key-752d9e89ac08a96a68473d8a2603e53e]: Words in s. 103A(2)(a) inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(a)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/a)
[^key-1b17926d5cf21c6553314528c3d8eecf]: S. 103A(3) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(2)(b)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/2/b)
[^key-ce2da81b0d29010cea33f1f7f02879fb]: S. 103B inserted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(3)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/3)
[^key-e0aa11378e1e5c03677cda3066819b01]: Words in s. 106A(10) substituted (with effect in accordance with reg. 1(2) of the amending S.I.) by [The Offshore Funds (Tax) (Amendment) Regulations 2011 (S.I. 2011/1211)](https://www.legislation.gov.uk/uksi/2011/1211), [regs. 1(1)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/1/1), [44(4)](https://www.legislation.gov.uk/uksi/2011/1211/regulation/44/4)
[^key-39ea01874d6d6c291db7ab6543ac7c8f]: Words in s. 140H(2)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/2)
[^key-a5c75822af8ebe34935cdac8b07d1561]: Words in s. 140L(1)(a) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(a)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/a)
[^key-55af64c64f8fb4400f10a160a6fb58b9]: Words in s. 140L(1)(b)(c) substituted (1.7.2011) by [The Corporation Tax (Implementation of the Mergers Directive) Regulations 2011 (S.I. 2011/1431)](https://www.legislation.gov.uk/uksi/2011/1431), [regs. 1(2)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/1/2), [2(3)(b)](https://www.legislation.gov.uk/uksi/2011/1431/regulation/2/3/b)
[^key-49845525f83be0d1feeb6c208297d12a]: S. 3(3) excluded (for the tax year 2011-12) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(5)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/5)
[^key-502d89f36e53ab982106bff2c428122a]: Act modified by [Taxation (International and Other Provisions) Act 2010 (c. 8)](https://www.legislation.gov.uk/ukpga/2010/8), [s. 363A(3)](https://www.legislation.gov.uk/ukpga/2010/8/section/363A/3) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 59](https://www.legislation.gov.uk/ukpga/2011/11/section/59))
[^key-d909ae6f3c684429770ca5ae79d3fba6]: S. 170(2)-(11) applied (with modifications) by [Income Tax (Earnings and Pensions) Act 2003 (c. 1)](https://www.legislation.gov.uk/ukpga/2003/1), [s. 554Z(5)](https://www.legislation.gov.uk/ukpga/2003/1/section/554Z/5) (as inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/1))
[^key-32a3f0f46cb1bff8f0066588ca793431]: S. 3(2) substituted (with effect in accordance with s. 8(4) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(2)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/2)
[^key-db6f54c70aa0f8ed68275d5754fd104e]: S. 3(3)(3A)(3B)(4) substituted for s. 3(3)(4) (with effect in accordance with s. 8(6) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 8(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/8/3)
[^key-94bf92cd2be947b863f98c7ffbc433ff]: Words in s. 30(1)(a) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/a)
[^key-7f0b230df1bd7c16526962bad43693f8]: S. 30(2) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/b)
[^key-92e1153d7fc868caee1deb62af8c9af1]: S. 30(8) omitted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 1(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/1/c)
[^key-ebc5ace92d22f0d413af07b33e4076e4]: S. 31 substituted for ss. 31-34 (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/2)
[^key-e88ebcf030b354e47752ff36db96224f]: Words in s. 119A(5)(a) substituted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/a)
[^key-242b8910f0ce53b1e6a325adf8261f0c]: Words in s. 119A(5A) inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/2/b)
[^key-e82ae11844a45af18eaad6f28938a82e]: S. 119C inserted (with effect in accordance with Sch . 2 paras. 52-59 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 2 para. 49(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/2/paragraph/49/3)
[^key-030c1d8a5b2916a0e924c0afa2af7627]: S. 139(1B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/1)
[^key-a172b91f5029a6e4c8b88b6943d80cf9]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/a)
[^key-68b376e3e6c9019915ab2d161bc39209]: Words in s. 151(2) substituted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 40(6)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/40/6/b)
[^key-532320a4826b36c23e7b5271afb63bed]: Sum in s. 169N(4) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/a)
[^key-3f097b3d736d54ca3f277a3741c088ee]: Sum in s. 169N(4A) substituted (with effect in accordance with s. 9(2) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 9(1)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/9/1/b)
[^key-749f1a3b09300512f6302e5649b23858]: S. 171A(7) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/2)
[^key-893231aca8e7035dc1cce35c4ff34cc8]: Words in s. 176(1) substituted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/3)
[^key-92d88e1efdd814c8d1731a228fcd020a]: Words in s. 177A omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/1)
[^key-0d1b365e1ba6d4872e1d3c0893bf72c6]: Words in s. 179(2A) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/a)
[^key-d8541621120403c6eed1e06886b8453b]: S. 179(2A)(c)(d) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/2/b)
[^key-ca66bb33c2a7c17abdddc70d6acd9e28]: S. 179(2AA)(2AB) inserted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(3)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/3)
[^key-8512b1fd3e30f62a616ccdf4f2032513]: Words in s. 179(2B) substituted (with effect in accordance with s. 31(5) of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [s. 31(4)](https://www.legislation.gov.uk/ukpga/2011/11/section/31/4)
[^key-3b5a97be51765ca128892e25776f176f]: Words in s. 179(1)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/2)
[^key-3dc22e6476874783c312caa3472f39b5]: Words in s. 179(1A) omitted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/3)
[^key-0c3fbd9b3b8124a1db6ea35d4f7c08f4]: S. 179(2)-(2ZB) substituted for s. 179(2) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/4)
[^key-d813549a10778f9d23194b32f9d0864e]: S. 179(2A)(a)(aa) substituted for s. 179(2A)(a) (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/5)
[^key-2089d2308204e22ff11b67cbcf9b3f90]: S. 179(3A)-(3H) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/6)
[^key-813fe03fe1f9d3a8a67c5d2301ed8ef3]: S. 179(5) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/7)
[^key-1cab605e609141b3b366c7cc5c030fdd]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/a)
[^key-bbc7c9d5930b3639451ffa454838ef38]: Words in s. 179(6) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(8)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/8/b)
[^key-de72caf99f0adffeb9be02f5683a81a9]: Words in s. 179(7) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(9)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/9)
[^key-c87e1ac7b428ddba94c90fcddc14b7b4]: S. 179(7A)(7B) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(10)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/10)
[^key-962fef0a1a5445d4086e978f29b7b127]: Words in s. 179(8) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(11)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/11)
[^key-65f871c227b1fb73cacaabb227bcdc4e]: S. 179(10)(a) substituted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(12)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/12)
[^key-8e936d449486b8d564b0b90a1a9582a4]: S. 179(10A) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 3(13)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/3/13)
[^key-e5d08709130902807508b77d720b30cb]: Words in s. 179(9)(b) inserted (with effect in accordance with Sch. 9 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 9 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/9/paragraph/4)
[^key-041b00da76f3971e4746ed830699869f]: S. 179ZA inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/4)
[^key-d3b90d5e9bbe8c1a24cacfcdf4b5ac5a]: S. 179A repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/a)
[^key-a2a91341f45faf3c50ebf8fb752a880a]: S. 179B repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/b)
[^key-5eededc2ccabbe0d1d0d7991c0f41c3f]: Sch. 7AB repealed (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 5(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/5/c)
[^key-b91d2c1672ddbe6e59038eec477d47e5]: Word in s. 195A(1) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 1](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/1)
[^key-1dd5993518bd9db4e3e877db33317024]: S. 195F inserted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 2](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/2)
[^key-e38fd002a1c2506fdd5e11fc476ab7fe]: Word in s. 196(1B) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/3)
[^key-31de6da00159805b6c65c78b2e69d047]: Word in s. 196(5) substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/a)
[^key-943fe7d2369216b7c5aa0898ebc2e8cf]: Words in s. 196(5) omitted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(4)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/4/b)
[^key-05e5d30bea1965c7f50a8a8da4114188]: S. 196(5B)-(5F) substituted for s. 196(5B) (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/5)
[^key-9f55e3e94e6c1a36ab3a517ee7273236]: Word in s. 196 heading substituted (with effect in accordance with Sch. 15 para. 4 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/3/2)
[^key-c0292254de4712dd27fa9ac7a68d15d6]: S. 198I inserted (with effect in accordance with Sch. 15 para. 6 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 15 para. 5](https://www.legislation.gov.uk/ukpga/2011/11/schedule/15/paragraph/5)
[^key-333d5a9655acb1e76bd5ccab2bf57834]: Words in s. 241(3A) omitted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/b)
[^key-d3fdfa76e7b6d7ad67f7cbbdff26426a]: Words in s. 241(4) inserted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/c)
[^key-32e0b9d73e4cacc7b3f27c7cfe070bcc]: Words in s. 241 heading substituted (with effect in accordance with Sch. 14 para. 15 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/2/a)
[^key-661525b95d1ba4bc847275d82a26e18c]: S. 241A inserted (with effect in accordance with Sch. 14 paras. 15-17 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 14 para. 14(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/14/paragraph/14/3)
[^key-ba01eee616c8de6fd1fe05ab55f2828d]: Word in Sch. 7A para. 1(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/2)
[^key-012c2f1ce502343377490b1cfc8aebc4]: Sch. 7A para. 1(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/3)
[^key-a9791dc9c9040f5d4946030ec182af94]: Sch. 7A para. 1(3)(3A)(4)(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/4)
[^key-86c5aa12bb7212c2defa695d49246bed]: Word in Sch. 7A para. 1(6) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(5)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/5)
[^key-a48703f319133d1dd864f835511b1d84]: Sch. 7A para. 1(8) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 3(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/3/6)
[^key-bab206fafe1c9cf82aa044377bab89bb]: Sch. 7A paras. 2-5 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 4](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/4)
[^key-febfc85d632acf80c7b9d000a99c0b4d]: Sch. 7A para. 6(2)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/a)
[^key-e3e6d6363c1aa6ddf7029f0308eb0e9e]: Words in Sch. 7A para. 6(2)(b) omitted (with effect in accordance with paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/2/b)
[^key-331225e3423020275fbbb0e0cb67b475]: Sch. 7A para. 6(3)(a) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/a)
[^key-cc86e5aa2785ff6865fa91bb7400990e]: Words in Sch. 7A para. 6(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 5(3)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/5/3/b)
[^key-a8865f833fcc94a48e21ea91f2d2a3fb]: Sch. 7A para. 7(1)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/2)
[^key-d735672544801d405340199523ad5499]: Sch. 7A para. 7(1A)-(1C) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/3)
[^key-428e63cfb421763e8c0616ae8032c276]: Sch. 7A para. 7(2) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(4)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/4)
[^key-f88a5cc9d9bfd5fc927c43fcf2c146e1]: Words in Sch. 7A para. 7(3) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/a)
[^key-6284b759ef763814e3e9c2cb495dfe33]: Sch. 7A para. 7(3)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/b)
[^key-de45d16ee2db436372c91cf1589c9e6e]: Words in Sch. 7A para. 7(3)(c) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(5)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/5/c)
[^key-f32f9ac03eccfdd6d88533f53e2e849f]: Sch. 7A para. 7(4)-(4C) substituted for Sch. 7A para. 7(4) (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(6)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/6)
[^key-fbdd6038477818e48f1c31a247723b01]: Words in Sch. 7A para. 7(5) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(7)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/7)
[^key-123c86393ff19e2493cc8d63ee24a8cb]: Words in Sch. 7A para. 7(6)(b) omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 6(8)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/6/8)
[^key-2b502f0700ee3b025c84f9db2a507f3e]: Words in Sch. 7A para. 8(1) inserted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(a)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/a)
[^key-6986d0674ff27d34fa488944c491760d]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(b)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/b)
[^key-e5c9d03958a272c6bed1de2940f36e52]: Words in Sch. 7A para. 8(1) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(2)(c)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/2/c)
[^key-172368e5c04770336ca3e79efcf8a0bf]: Sch. 7A para. 8(2) substituted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 7(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/7/3)
[^key-ff08fbd6b8ccb4193b7a082bfe8dc886]: Sch. 7A para. 9 omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 8](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/8)
[^key-1555c7d73a896f7a0a5f6b520368cf3f]: Sch. 7A para. 11(3)(b) and preceding word omitted (with effect in accordance with Sch. 11 paras. 11, 12 of the amending Act) by virtue of [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 11 para. 9](https://www.legislation.gov.uk/ukpga/2011/11/schedule/11/paragraph/9)
[^key-62e9123d16d389c649dc9214e16d1391]: Sch. 7AC para. 15A and cross-heading inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(2)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/2)
[^key-1f8444982b424716cad44e6392b36125]: Sch. 7AC para. 19(2A)-(2C) inserted (with effect in accordance with Sch. 10 para. 9 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 10 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/11/schedule/10/paragraph/6/3)
[^key-c25572611b981979dc0c5ca188339054]: S. 276A inserted (19.7.2011) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 13 paras. 13](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/13), [31](https://www.legislation.gov.uk/ukpga/2011/11/schedule/13/paragraph/31)
[^key-698f2400aa352e84466c4a12cecba361]: S. 257A inserted (with effect in accordance with Sch. 3 para. 27 of the amending Act) by [Finance Act 2011 (c. 11)](https://www.legislation.gov.uk/ukpga/2011/11), [Sch. 3 para. 3](https://www.legislation.gov.uk/ukpga/2011/11/schedule/3/paragraph/3)
[^key-7d99c28f206090843440d79750c6c0e7]: Act modified (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 2 para. 1(2)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/2)[(4)](https://www.legislation.gov.uk/ukpga/2011/5/schedule/2/paragraph/1/4); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-853e6d412ee37b90e2a421b63c1363c6]: S. 288(3A)(l) inserted (1.10.2011) by [Postal Services Act 2011 (c. 5)](https://www.legislation.gov.uk/ukpga/2011/5), [s. 93(2)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/2)[(3)](https://www.legislation.gov.uk/ukpga/2011/5/section/93/3), [Sch. 12 para. 145](https://www.legislation.gov.uk/ukpga/2011/5/schedule/12/paragraph/145); [S.I. 2011/2329](https://www.legislation.gov.uk/uksi/2011/2329), [art. 3](https://www.legislation.gov.uk/uksi/2011/2329/article/3)
[^key-8c7d24e162513a458444c82e1bf3805f]: S. 271 modified by [Greater London Authority Act 1999 (c. 29)](https://www.legislation.gov.uk/ukpga/1999/29), [s. 34A(3)](https://www.legislation.gov.uk/ukpga/1999/29/section/34A/3) (as inserted (15.1.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 224(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/224/2); [S.I. 2012/57](https://www.legislation.gov.uk/uksi/2012/57), [art. 4(1)(cc)](https://www.legislation.gov.uk/uksi/2012/57/article/4/1/cc))
[^key-86e5a09f37872ae9f4c6dffa9ebe18ee]: [S. 122(5A)](https://www.legislation.gov.uk/ukpga/1992/12/section/122/5A) inserted (with effect in accordance with art. 18 of the amending S.I.) by [The Enactment of Extra-Statutory Concessions Order 2012 (S.I. 2012/266)](https://www.legislation.gov.uk/uksi/2012/266), [arts. 1](https://www.legislation.gov.uk/uksi/2012/266/article/1), [17](https://www.legislation.gov.uk/uksi/2012/266/article/17)
[^key-546e228f6bc0680ff8080caf2f057544]: Words in s. 222(8B)(b)(iii) substituted (with effect in accordance with S.I. 2012/736, art. 8) by [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/2), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 8](https://www.legislation.gov.uk/uksi/2012/736/article/8)
[^key-d81f80ef877a48161ae2af60dfde99ca]: S. 256(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-4b63610feb80c11d4d60ccaf56e6dd13]: S. 256(8) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(3)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/3), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-fee25e131211b4c8697cbec93625c3a2]: S. 256C(6) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(4)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/4), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-c697cf0a22898cc4967c0f94dd3418e5]: S. 256D(7) omitted (with effect in accordance with S.I. 2012/736, art. 9) by virtue of [Finance Act 2010 (c. 13)](https://www.legislation.gov.uk/ukpga/2010/13), [Sch. 6 paras. 13(5)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/13/5), [34(2)](https://www.legislation.gov.uk/ukpga/2010/13/schedule/6/paragraph/34/2); [S.I. 2012/736](https://www.legislation.gov.uk/uksi/2012/736), [art. 9](https://www.legislation.gov.uk/uksi/2012/736/article/9)
[^key-e8197afc1a3c19fb263741caf8f1aa34]: S. 288(3A)(m) inserted (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(3)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6/3); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 3(b)](https://www.legislation.gov.uk/uksi/2012/628/article/3/b)
[^key-11df50c72118bc597805f92ccad0c885]: Act modified (15.11.2011 for specified purposes, 30.3.2012 for E.W.) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(5)(o)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/5/o), [Sch. 24 para. 6(1)](https://www.legislation.gov.uk/ukpga/2011/20/schedule/24/paragraph/6); S.I. 2012/628, art. 3(b)
[^key-671be472b35850cba884622cad7d8721]: Act modified (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 4 para. 4](https://www.legislation.gov.uk/ukpga/2011/4/schedule/4/paragraph/4); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-beb44ad0af6d57302f767268ccf92a6a]: Words in s. 219(1)(c) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(2)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/2)
[^key-faf5491163dc57b3accbb3d4667f3747]: Words in s. 219(2) inserted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(a)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/a)
[^key-69d90dd0096429959e3a6a515c887b9a]: Words in s. 219(2) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(3)(b)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/3/b)
[^key-020cfc6e33b55a0f9054a1f86c57ea89]: Words in s. 219(1)(d) substituted (1.4.2012) by [Localism Act 2011 (c. 20)](https://www.legislation.gov.uk/ukpga/2011/20), [s. 240(2)](https://www.legislation.gov.uk/ukpga/2011/20/section/240/2), [Sch. 19 para. 32](https://www.legislation.gov.uk/ukpga/2011/20/schedule/19/paragraph/32); [S.I. 2012/628](https://www.legislation.gov.uk/uksi/2012/628), [art. 6(i)](https://www.legislation.gov.uk/uksi/2012/628/article/6/i) (with [arts. 9](https://www.legislation.gov.uk/uksi/2012/628/article/9), [11](https://www.legislation.gov.uk/uksi/2012/628/article/11), [14](https://www.legislation.gov.uk/uksi/2012/628/article/14), [15](https://www.legislation.gov.uk/uksi/2012/628/article/15), [17](https://www.legislation.gov.uk/uksi/2012/628/article/17))
[^key-e47196320aa2b484eb5bb5b08522cf80]: Words in s. 259(3)(c) substituted (1.4.2012) by [The Housing (Scotland) Act 2010 (Consequential Provisions and Modifications) Order 2012 (S.I. 2012/700)](https://www.legislation.gov.uk/uksi/2012/700), [art. 1(3)](https://www.legislation.gov.uk/uksi/2012/700/article/1/3), [Sch. para. 4(4)](https://www.legislation.gov.uk/uksi/2012/700/schedule/paragraph/4/4)
[^M_F_22b109f3-6eee-4aff-d28a-ffcaf68acb95]: Words in s. 271(7) repealed: (with effect in accordance with [s. 46(5)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/b) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(d)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/d), Sch. 11 Pt. 2(12) (with s. 46(7)); (6.4.2006) by Finance Act 2004 (c. 12), Sch. 42 Pt. 3 (with Sch. 36)
[^M_F_35d751a2-fee9-4461-9084-a92684035924]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(c)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_fd4a2149-4e0c-4778-eda7-6bca132a1763]: Words in s. 271(7) repealed (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(b)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/c), Sch. 11 Pt. 2(12) (with s. 46(7))
[^M_F_371fddd5-984b-4443-dd48-60b82610b7a6]: Words in s. 271(7) substituted (with effect in accordance with [s. 46(5)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/5/a) of the amending Act) by [Finance (No. 2) Act 2005 (c. 22)](https://www.legislation.gov.uk/ukpga/2005/22), [s. 46(3)(a)](https://www.legislation.gov.uk/ukpga/2005/22/section/46/3/a) (with s. 46(7))
[^key-c24a40d4a45eaa26aecf2e0ccb6d68c8]: Word in s. 271(7) inserted (1.4.2012) by [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-60f433c7d07203adeed60146a6f4fa20]: Words in s. 271(7) omitted (1.4.2012) by virtue of [The Public Bodies (Abolition of the National Endowment for Science, Technology and the Arts) Order 2012 (S.I. 2012/964)](https://www.legislation.gov.uk/uksi/2012/964), [arts. 1(2)](https://www.legislation.gov.uk/uksi/2012/964/article/1/2), [3(1)](https://www.legislation.gov.uk/uksi/2012/964/article/3/1), [Sch.](https://www.legislation.gov.uk/uksi/2012/964/schedule)
[^key-414c88a837918e326a4c695325c87585]: S. 288(3A)(k) inserted (1.4.2012) by [Budget Responsibility and National Audit Act 2011 (c. 4)](https://www.legislation.gov.uk/ukpga/2011/4), [s. 29](https://www.legislation.gov.uk/ukpga/2011/4/section/29), [Sch. 5 para. 16](https://www.legislation.gov.uk/ukpga/2011/4/schedule/5/paragraph/16); [S.I. 2011/2576](https://www.legislation.gov.uk/uksi/2011/2576), [art. 5](https://www.legislation.gov.uk/uksi/2011/2576/article/5)
[^key-92f24ab596cdd22fa76ebf8ef41c0992]: Words in Sch. 5B para. 19(1) substituted (retrospective to 6.4.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 7 paras. 32](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/32), [35](https://www.legislation.gov.uk/ukpga/2012/14/schedule/7/paragraph/35)
[^key-5e9d3f32ad42cf570d7221ff211a4bf0]: S. 3(3) excluded (for the tax year 2012-13) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(6)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/6)
[^key-cf816140348691076856d7428df84ff1]: S. 171 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-109d083260ac3afc7d0b76b8644abaeb]: S. 173 excluded (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 118(6)(c)](https://www.legislation.gov.uk/ukpga/2012/14/section/118/6/c) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-160ed9411185e0b0abf1e6d7e97f3203]: S. 105 modified (with effect in accordance with s. 148 of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 121(4)](https://www.legislation.gov.uk/ukpga/2012/14/section/121/4) (with [s. 147](https://www.legislation.gov.uk/ukpga/2012/14/section/147), [Sch. 17](https://www.legislation.gov.uk/ukpga/2012/14/schedule/17))
[^key-33cc0d441971e5f0c24e380443582c87]: S. 138(2) applied by [Income Tax Act 2007 (c. 3)](https://www.legislation.gov.uk/ukpga/2007/3), [s. 257HB(2)](https://www.legislation.gov.uk/ukpga/2007/3/section/257HB/2) (as inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 6 para. 1](https://www.legislation.gov.uk/ukpga/2012/14/schedule/6/paragraph/1))
[^key-6b05a692e2c30561f4c78d77f2f1bcfa]: Words in s. 3(2) substituted (for the tax year 2012-13 and subsequent tax years in accordance with s. 34(5) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/2)
[^key-6a8f021a943a7db3037b7a6886b27ca3]: Word in s. 3(3) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-686957ff01fb0e94bebb14035cc605f4]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-7e4a4c0791c92d4cf4f3a0e5032f6296]: Words in s. 3(3B) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-f7e08f90382bf9dd7868152845d2b794]: Words in s. 3(4) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(a)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/a)
[^key-ec804489581c714d14eea4fbc28699cc]: Words in s. 3(3A) substituted (for the tax year 2013-14 and subsequent tax years in accordance with s. 34(7) of the amending Act) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 34(3)(b)](https://www.legislation.gov.uk/ukpga/2012/14/section/34/3/b)
[^key-4e232860cc26545dd96dc50319853a38]: S. 10B(3A) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 73](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/73)
[^key-3b09a6c7933f14070d94b73e518f48d7]: S. 13(5)(c) omitted (with effect in accordance with s. 34(6) of the amending Act) by virtue of [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 35(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/35/2)
[^key-faa15ad56f692744998036562345201e]: Words in s. 99A(2) inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(2)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/2)
[^key-5f96dc815a49c99979c5630723f36038]: S. 103C inserted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [s. 36(3)](https://www.legislation.gov.uk/ukpga/2012/14/section/36/3)
[^key-b028926b48a69308cc9087118710c426]: Words in s. 100(2B)(a) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 16 para. 74](https://www.legislation.gov.uk/ukpga/2012/14/schedule/16/paragraph/74)
[^key-f887ec2b2328f54f314de2ae6b60b06d]: Words in s. 100(2B)(b) substituted (17.7.2012) by [Finance Act 2012 (c. 14)](https://www.legislation.gov.uk/ukpga/2012/14), [Sch. 18 para. 15](https://www.legislation.gov.uk/ukpga/2012/14/schedule/18/paragraph/15)
[^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)](https://www.legislation.gov.uk/ukpga/1992/12/section/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](https://www.legislation.gov.uk/ukpga/1992/12/section/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](https://www.legislation.gov.uk/ukpga/1992/12/section/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)
[^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))
#### Calculation of the disposal cost of accumulation units
#### Shares beginning or ceasing to be shares to which section 521B of CTA 2009 applies
#### Assets that are not qualifying corporate bonds for corporation tax purposes.
#### Increase in expenditure by reference to tax charged in relation to employment-related securities
#### Effect of share loss relief
#### Roll-over relief on re-investment by trustees.
#### Procedure for clearance in advance.
#### Roll-over relief on re-investment by trustees.
#### Postponement of charge on transfer of assets to non-resident company.
#### Seed enterprise investment scheme: reduction of relief
#### Personal equity plans.
##### 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.
##### 105A
- (1) Subsection (2) below applies where an individual—
- (a) acquires shares (“*the relevant shares*”) of the same class, on the same day and in the same capacity, and
- (b) some of the relevant shares (“*the approved-scheme shares*”) are shares acquired by him as a result of—
- (i) the exercise of a qualifying option within the meaning given by section 527(4) of ITEPA 2003 (enterprise management incentives) in circumstances where section 530 or 531 of that Act (exercise of option to acquire shares) applies, or
- (ii) the exercise of an option to which Chapter 7 or 8 of Part 7 of that Act (approved share option schemes) applies in circumstances where section 519(1) or 524(1) of that Act applies.
- (2) Where the individual first makes a disposal of any of the relevant shares, he may elect for subsections (3) to (5) below to have effect in relation to that disposal and all subsequent disposals of any of those shares.
- (3) In circumstances where section 105 applies, that section shall have effect as if—
- (a) paragraph (a) of subsection (1) of that section required the approved-scheme shares to be treated as acquired by the individual by a single transaction separate from the remainder of the relevant shares (which shall also be treated by virtue of that paragraph as acquired by the individual by a single transaction), and
- (b) subsection (1) of that section required the approved-scheme shares to be treated as disposed of after the remainder of the relevant shares.
- (4) If the relevant shares include shares to which relief under Chapter 3 of Part 7 of the Taxes Act, relief under Part 5 of ITA 2007 or deferral relief (within the meaning of Schedule 5B to this Act) is attributable—
- (a) paragraph 4(4) of that Schedule has effect as if it required the approved-scheme shares falling within paragraph (a), (b), (c) or (d) of that provision to be treated as disposed of after the remainder of the relevant shares falling within the paragraph in question, and
- (b) section 299 of the Taxes Act or section 246 of ITA 2007 has effect for the purposes of section 150A(4) below as if it required—
- (i) the approved-scheme shares falling within paragraph (a), (b), (c) or (d) of subsection (6A) of section 299 of the Taxes Act or subsection (3) of section 246 of ITA 2007 to be treated as disposed of after the remainder of the relevant shares falling within the paragraph in question, and
- (ii) the approved-scheme shares to which subsection (6B) of section 299 of the Taxes Act or subsection (4) of section 246 of ITA 2007 applies to be treated as disposed of after the remainder of the relevant shares to which that subsection applies.
- (5) Where section 127 applies in relation to any of the relevant shares (“*the reorganisation shares*”), that section shall apply separately to such of those shares as are approved-scheme shares and to the remainder of the reorganisation shares (so that those approved-scheme shares and the remainder of the reorganisation shares are treated as comprised in separate holdings of original shares and identified with separate new holdings).
- (6) In subsection (5)—
- (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.
- (7) For the purposes of subsection (1) above—
- (a) any shares to which relief under Chapter 3 of Part 7 of the Taxes Act or relief under Part 5 of ITA 2007 is attributable and which were transferred to an individual as mentioned in section 304 of the Taxes Act or section 245 of ITA 2007, and
- (b) any shares to which deferral relief (within the meaning of Schedule 5B to this Act), but not relief under that Chapter or relief under that Part, is attributable and which were acquired by an individual on a disposal to which section 58 above applies,
shall be treated as acquired by the individual on the day on which they were issued.
- (8) In this section the references to Chapter 3 of Part 7, section 299 and section 304 of the Taxes Act shall be read as references to those provisions as they apply to shares issued after 31st December 1993 (enterprise investment scheme).
- (9) In this section references 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.
##### 105B
- (1) The provisions of section 105A have effect in the case of any disposal notwithstanding that 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.
- (2) An election must be made, by a notice given to an officer of the Board, on or before the first anniversary of the 31st January next following the year of assessment in which the individual first makes a disposal of any of the relevant shares.
- (3) Where—
- (a) an individual's liability to income tax has been reduced (or treated by virtue of section 304 of the Taxes Act or section 245 of ITA 2007 (spouses and civil partners) as reduced) for any year of assessment under section 289A of the Taxes Act or section 158 of ITA 2007 in respect of any issue of shares,
- (b) the amount of the reduction (“A”) is less than the amount (“B”) which is equal to tax at the EIS original rate for that year on the amount subscribed for the issue, and
- (c) A is not found under section 289A(2)(b) of the Taxes Act or (as the case may require) is not within paragraph (b) solely by virtue of section 29(2) and (3) of ITA 2007,
then, if there is a disposal of the shares on which there is a gain, subsection (2) above shall apply only to so much of the gain as is found by multiplying it by the fraction—
$AB$
- (3A) In subsection (3) “*EIS original rate*” has the meaning given by section 256A of ITA 2007, except that where the year mentioned in subsection (3)(b) is the tax year 2007-08 or an earlier year, it means 20%.
- (4) Any question as to—
- (a) which of any shares acquired by an individual at different times a disposal relates to, being shares to which EIS relief is attributable, or
- (b) whether a disposal relates to shares to which EIS relief is attributable or to other shares,
shall for the purposes of capital gains tax be determined as for the purposes of section 299 of the Taxes Act or as provided by section 246 of ITA 2007; and Chapter I of this Part shall have effect subject to the foregoing provisions of this subsection.
- (5) Sections 104, 105 and 106A shall not apply to shares to which EIS relief is attributable.
- (6) Where an individual holds shares which form part of the ordinary share capital of a company and include shares of more than one of the following kinds, namely—
- (a) shares to which EIS relief is attributable and to which subsection (6A) below applies,
- (b) shares to which EIS relief is attributable and to which that subsection does not apply, ...
- (ba) shares to which SEIS relief is attributable; and
- (c) shares to which neither EIS nor SEIS relief is attributable,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply (subject to the following provisions of this section) separately to shares falling within paragraph (a), (b), (ba) or (c) above (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (6A) This subsection applies to any shares if—
- (a) expenditure on the shares has been set under Schedule 5B to this Act against the whole or part of any gain; and
- (b) in relation to the shares there has been no chargeable event for the purposes of that Schedule.
- (7) Where—
- (a) an individual holds shares (“*the existing holding*”) which form part of the ordinary share capital of a company,
- (b) there is, by virtue of any such allotment for payment as is mentioned in section 126(2)(a), a reorganisation affecting the existing holding, and
- (c) immediately following the reorganisation, EIS relief is attributable to the existing holding or the allotted shares,
sections 127 to 130 shall not apply in relation to the existing holding.
- (8) Sections 135 and 136 shall not apply in respect of shares to which EIS relief is attributable.
- (8A) Subsection (8) above shall not have effect to disapply section 135 or 136 where—
- (a) the new holding consists of new ordinary shares carrying no present or future preferential right to dividends or to a company’s assets on its winding up and no present or future ... right to be redeemed,
- (b) the new shares are issued on or after 29th November 1994 and after the end of the relevant period, and
- (c) the condition in subsection (8B) below is satisfied.
- (8B) The condition is that at some time before the issue of the new shares—
- (a) the company issuing them issued eligible shares, and
- (b) a certificate in relation to those eligible shares was issued by the company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007.
- (8C) In subsection (8A) above—
- (a) “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136;
- (b) “*relevant period*” means the period found by applying section 312(1A)(a) of the Taxes Act or section 159(2) of ITA 2007 by reference to the company issuing the shares referred to in subsection (8) above and by reference to those shares.
- (8D) Where shares to which EIS relief is attributable are exchanged for other shares in circumstances such that section 304A of the Taxes Act or section 247 of ITA 2007 (acquisition of share capital by new company) applies—
- (a) subsection (8) above shall not have effect to disapply section 135; and
- (b) the following—
- (i) subsections (2)(b), (3) and (4) of section 304A of the Taxes Act and subsection (5) of that section so far as relating to section 306(2) of that Act, or
- (ii) sections 247(3)(b), 248(2)(a) and 249 of ITA 2007,
shall apply for the purposes of this section as they apply for the purposes of Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (9) Where the EIS relief attributable to any shares is reduced by virtue of section 305(2) of the Taxes Act—
- (a) the sums allowable as deductions from the consideration in the computation, for the purposes of capital gains tax, of the gain or loss accruing to an individual on the disposal of any of the allotted shares or debentures shall be taken to include the amount of the reduction apportioned between the allotted shares or (as the case may be) debentures in a way which is just and reasonable, and
- (b) the sums so allowable on the disposal (in circumstances in which the preceding provisions of this section do not apply) of any of the shares referred to in section 305(1)(a) shall be taken to be reduced by the amount mentioned in paragraph (a) above, similarly apportioned between those shares.
- (10) There shall be made all such adjustments of capital gains tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of EIS relief being given or withdrawn.
- (10A) In this section—
- “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007;
- “*ordinary share capital*” has the meaning given in section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*SEIS relief*” means relief under Part 5A of ITA 2007.
- (11) Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) applies for the purposes of this section to determine whether EIS relief is attributable to any shares and, if so, the amount of EIS relief so attributable; and “*eligible shares*” has the same meaning as in that Chapter or means shares that meet the requirements of section 173(2) of ITA 2007.
- (12) References in this section to Chapter III of Part VII of the Taxes Act or any provision of that Chapter are to that Chapter or provision as it applies in relation to shares issued on or after 1st January 1994.
- (13) References in this section to Part 5 of ITA 2007 or any provision of that Part are to a Part or provision that applies only in relation to shares issued after 5 April 2007.
##### 164BA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 164MA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of share loss relief
#### Procedure for clearance in advance.
#### Transfer or division of UK business
## SCHEDULE 5A
##### 1
In this Schedule “*the commencement day*” means the day on which the Finance Act 1994 was passed.
##### 2
- (1) This paragraph applies if—
- (a) a settlement was created before 17th March 1998,
- (b) on or after the commencement day a person transfers property to the trustees otherwise than under a transaction entered into at arm’s length and otherwise than in pursuance of a liability incurred by any person before that day,
- (c) the trustees are neither resident nor ordinarily resident in the United Kingdom at the time the property is transferred, and
- (d) the transferor knows, or has reason to believe, that the trustees are not so resident and ordinarily resident.
- (2) Before the expiry of the period of twelve months beginning with the relevant day, the transferor shall deliver to the Board a return which—
- (a) identifies the settlement, and
- (b) specifies the property transferred, the day on which the transfer was made, and the consideration (if any) for the transfer.
- (3) For the purposes of sub-paragraph (2) above the relevant day is the day on which the transfer is made.
##### 3
- (1) This paragraph applies if a settlement is created on or after the commencement day, and at the time it is created—
- (a) the trustees are neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees are resident and ordinarily resident in the United Kingdom but fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who—
- (a) is a settlor in relation to the settlement at the time it is created, and
- (b) at that time fulfils the condition mentioned in sub-paragraph (3) below,
shall, before the expiry of the period of three months beginning with the relevant day, deliver to the Board a return specifying the particulars mentioned in sub-paragraph (4) below.
- (3) The condition is that the person concerned is domiciled in the United Kingdom and is either resident or ordinarily resident in the United Kingdom.
- (4) The particulars are—
- (a) the day on which the settlement was created;
- (b) the name and address of the person delivering the return;
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (5) For the purposes of sub-paragraph (2) above the relevant day is the day on which the settlement is created.
##### 4
- (1) This paragraph applies if a settlement is created on or after 19th March 1991, and at the time it is created—
- (a) the trustees are neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees are resident and ordinarily resident in the United Kingdom but fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who—
- (a) is a settlor in relation to the settlement at the time it is created,
- (b) at that time does not fulfil the condition mentioned in sub-paragraph (3) below, and
- (c) first fulfils that condition at a time falling on or after the commencement day,
shall, before the expiry of the period of twelve months beginning with the relevant day, deliver to the Board a return specifying the particulars mentioned in sub-paragraph (4) below.
- (3) The condition is that the person concerned is domiciled in the United Kingdom and is either resident or ordinarily resident in the United Kingdom.
- (4) The particulars are—
- (a) the day on which the settlement was created;
- (b) the name and address of the person delivering the return;
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (5) For the purposes of sub-paragraph (2) above the relevant day is the day on which the person first fulfils the condition as mentioned in paragraph (c) of that sub-paragraph.
##### 5
- (1) This paragraph applies if—
- (a) the trustees of a settlement become at any time (the relevant time) on or after the commencement day neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees of a settlement, while continuing to be resident and ordinarily resident in the United Kingdom, become at any time (the relevant time) on or after the commencement day trustees who fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (2) Any person who was a trustee of the settlement immediately before the relevant time shall, before the expiry of the period of twelve months beginning with the relevant day, deliver to the Board a return specifying—
- (a) the day on which the settlement was created,
- (b) the name and address of each person who is a settlor in relation to the settlement immediately before the delivery of the return, and
- (c) the names and addresses of the persons who are the trustees immediately before the delivery of the return.
- (3) For the purposes of sub-paragraph (2) above the relevant day is the day when the relevant time falls.
##### 6
- (1) Nothing in paragraph 2, 3, 4 or 5 above shall require information to be contained in the return concerned to the extent that—
- (a) before the expiry of the period concerned the information has been provided to the Board by any person in pursuance of the paragraph concerned or of any other provision, or
- (b) after the expiry of the period concerned the information falls to be provided to the Board by any person in pursuance of any provision other than the paragraph concerned.
- (2) Nothing in paragraph 2, 3, 4 or 5 above shall require a return to be delivered if—
- (a) before the expiry of the period concerned all the information concerned has been provided to the Board by any person in pursuance of the paragraph concerned or of any other provision, or
- (b) after the expiry of the period concerned all the information concerned falls to be provided to the Board by any person in pursuance of any provision other than the paragraph concerned.
##### 150B
- (1) This section has effect where section 150A(2) applies on a disposal of ... shares, and before the disposal but on or after 29th November 1994—
- (a) value is received in circumstances where EIS relief attributable to the shares is reduced by an amount under section 300(1A)(a) of the Taxes Act or section 213(2)(a) of ITA 2007,
- (b) there is a repayment, redemption, repurchase or payment in circumstances where EIS relief attributable to the shares is reduced by an amount under section 303(1A)(a) of the Taxes Act or section 224(2)(a) of ITA 2007, or
- (c) paragraphs (a) and (b) above apply.
- (2) If section 150A(2) applies on the disposal but section 150A(3) does not, section 150A(2) shall apply 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) whose numerator is equal to the amount by which the EIS relief attributable to the shares is reduced as mentioned in subsection (1) above, and
- (b) whose denominator is equal to the amount of the EIS relief attributable to the shares.
- (3) If section 150A(2) and (3) apply on the disposal, section 150A(2) shall apply only to so much of the gain as is found by—
- (a) taking the part of the gain found under section 150A(3), 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 EIS relief attributable to the shares is reduced as mentioned in subsection (1) above by more than one amount, the numerator mentioned in subsection (2) above shall be taken to be equal to the aggregate of the amounts.
- (5) The denominator mentioned in subsection (2) above shall be found without regard to any reduction mentioned in subsection (1) above.
- (5A) In this section “*EIS relief*” means relief under Chapter 3 of Part 7 of the Taxes Act or Part 5 of ITA 2007.
- (6) Subsections (11) to (13) of section 150A apply for the purposes of this section as they apply for the purposes of that section.
##### 150C
Schedule 5B to this Act (which provides relief in respect of re-investment under the enterprise investment scheme) shall have effect.
##### 151A
- (1) A gain or loss accruing to an individual on a qualifying disposal of any ordinary shares in a company which—
- (a) was a venture capital trust at the time when he acquired the shares, and
- (b) is still such a trust at the time of the disposal,
shall not be a chargeable gain or, as the case may be, an allowable loss.
- (2) For the purposes of this section a disposal of shares is a qualifying disposal in so far as—
- (a) it is made by an individual who has attained the age of eighteen years;
- (b) the shares disposed of were not acquired in excess of the permitted maximum for any year of assessment; and
- (c) that individual acquired those shares for bona fide commercial purposes and not as part of a scheme or arrangement the main purpose of which, or one of the main purposes of which, is the avoidance of tax.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (4) In determining for the purposes of this section whether a disposal by any person of shares in a venture capital trust relates to shares acquired in excess of the permitted maximum for any year of assessment, it shall be assumed (subject to subsection (5) below)—
- (a) as between shares acquired by the same person on different days, that those acquired on an earlier day are disposed of by that person before those acquired on a later day; and
- (b) as between shares acquired by the same person on the same day, that those acquired in excess of the permitted maximum are disposed of by that person before he disposes of any other shares acquired on that day.
- (5) It shall be assumed for the purposes of subsection (1) above that a person who disposes of shares in a venture capital trust disposes of shares acquired at a time when it was not such a trust before he disposes of any other shares in that trust.
- (6) References in this section to shares in a venture capital trust acquired in excess of the permitted maximum for any year of assessment shall be construed as references to shares not acquired within the limit in section 709(4) of ITTOIA 2005; and the question whether shares are acquired within that limit shall be determined as it is for the purposes of Chapter 5 of Part 6 of that Act.
- (7) In this section and section 151B “*ordinary shares*”, in relation to a company, means any shares forming part of the company’s ordinary share capital (within the meaning given in section 989 of ITA 2007).
##### 151B
- (1) Sections 104, 105 and 106A shall not apply to any shares in a venture capital trust which are eligible for relief under section 151A(1).
- (2) Subject to the following provisions of this section, where—
- (a) an individual holds any ordinary shares in a venture capital trust,
- (b) some of those shares fall within one of the paragraphs of subsection (3) below, and
- (c) others of those shares fall within at least one other of those paragraphs,
then, if there is within the meaning of section 126 a reorganisation affecting those shares, section 127 shall apply separately in relation to the shares (if any) falling within each of the paragraphs of that subsection (so that shares of each kind are treated as a separate holding of original shares and identified with a separate new holding).
- (3) The kinds of shares referred to in subsection (2) above are—
- (a) any shares in a venture capital trust which are eligible for relief under section 151A(1) and by reference to which any person has obtained or is entitled to claim relief under Chapter 2 of Part 6 of ITA 2007;
- (b) any shares in a venture capital trust which are eligible for relief under section 151A(1) but by reference to which no person has obtained, or is entitled to claim, any relief under that Chapter of that Part;
- (c) any shares in a venture capital trust by reference to which any person has obtained, or is entitled to claim, any relief under that Chapter of that Part but which are not shares that are eligible for relief under section 151A(1); and
- (d) any shares in a venture capital trust that do not fall within any of paragraphs (a) to (c) above.
- (4) Where—
- (a) an individual holds ordinary shares in a company (“the existing holding”),
- (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, the shares or the allotted holding are shares falling within any of paragraphs (a) to (c) of subsection (3) above,
sections 127 to 130 shall not apply in relation to the existing holding.
- (5) Sections 135 and 136 shall not apply where—
- (a) the exchanged holding consists of shares falling within paragraph (a) or (b) of subsection (3) above; and
- (b) that for which the exchanged holding is or is treated as exchanged does not consist of ordinary shares in a venture capital trust.
- (6) Where—
- (a) the approval of any company as a venture capital trust is withdrawn, and
- (b) the withdrawal of the approval is not one to which section 281(3) of ITA 2007 applies,
any person who at the time when the withdrawal takes effect is holding shares in that company which (apart from the withdrawal) would be eligible for relief under section 151A(1) shall be deemed for the purposes of this Act, at that time, to have disposed of and immediately re-acquired those shares for a consideration equal to their market value at that time.
- (7) The disposal that is deemed to take place by virtue of subsection (6) above shall be deemed for the purposes of section 151A to take place while the company is still a venture capital trust; but, for the purpose of applying sections 104, 105 and 106A to the shares that are deemed to be re-acquired, it shall be assumed that the re-acquisition for which that subsection provides takes place immediately after the company ceases to be such a trust.
- (8) For the purposes of this section—
- (a) shares are eligible for relief under section 151A(1) at any time when they are held by an individual whose disposal of the shares at that time would (on the assumption, where it is not the case, that the individual attained the age of eighteen years before that time) be a disposal to which section 151A(1) would apply; and
- (b) shares shall not, in relation to any time, be treated as shares by reference to which relief has been obtained under Chapter 2 of Part 6 of ITA 2007 if that time falls after—
- (i) any relief given by reference to those shares has been reduced or withdrawn,
- (ii) any chargeable event (within the meaning of Schedule 5C) has occurred in relation to those shares, or
- (iii) the death of a person who held those shares immediately before his death;
and
- (c) a reference to the exchanged holding is, in relation to section 135 or 136, to the shares in the company referred to in that section as company A.
##### 164FF
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 164FG
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Registered pension schemes
##### 239A
- (1) This section applies where tax is charged in accordance with section 242 of the Finance Act 2004 (de-registration charge) where the registration of a registered pension scheme is withdrawn.
- (2) For the purposes of this Act the assets which at the relevant time are held for the purposes of the pension scheme—
- (a) are treated as having been acquired at the relevant time for a consideration equal to the amount on which tax is charged by virtue of section 242 of the Finance Act 2004 by the person who would be chargeable in respect of a chargeable gain accruing on a disposal of the assets at the relevant time, and
- (b) are not to be treated as having been disposed of by any person at the relevant time.
- (3) In subsection (2) “*the relevant time*” means the time immediately before the date of withdrawal of registration of the pension scheme.
##### 263A
- (1) Subject to subsections (3) and (4) below, in any case falling within section 607(1) of ITA 2007 (treatment of price differences under repos)—
- (a) the acquisition of the securities in question by the interim holder and the disposal of those securities by him to the repurchaser, and
- (b) except where the repurchaser is or may be different from the original owner, the disposal of those securities by the original owner and any acquisition of those securities by the original owner as the repurchaser,
shall be disregarded for the purposes of capital gains tax.
- (1A) If, at any time after the acquisition mentioned in subsection (1)(a) above, it becomes apparent that the interim holder will not dispose of the securities to the repurchaser, the interim holder shall be treated for the purposes of capital gains tax as acquiring them at that time for a consideration equal to their market value at that time.
- (1B) If, at any time after the disposal mentioned in subsection (1)(b) above, it becomes apparent that the original owner will not acquire the securities as the repurchaser, the original owner shall be treated for the purposes of capital gains tax as disposing of them at that time for a consideration equal to their market value at that time.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) Subsection (1) above does not apply if—
- (a) the agreement or agreements under which provision is made for the sale and repurchase are not such as would be entered into by persons dealing with each other at arm’s length; or
- (b) any of the benefits or risks arising from fluctuations, before the repurchase takes place, in the market value of the securities sold accrues to, or falls on, the interim holder.
- (4) Subsection (1) above does not apply in relation to any disposal or acquisition of qualifying corporate bonds in a case where the securities disposed of by the original owner or those acquired by him, or by any other person, as the repurchaser are not such bonds.
- (5) For corporation tax purposes, expressions used in this section and section 607 of ITA 2007 have the same meaning in this section as in that section.
- (6) This section does not apply for the purposes of corporation tax in respect of chargeable gains.
## SCHEDULE 5B
### Application of Schedule
##### 1
- (1) This Schedule applies where—
- (a) there would (apart from paragraph 2(2)(a) below) be a chargeable gain (“the original gain”) accruing to an individual (“the investor”) at any time (“the accrual time”) on or after 29th November 1994;
- (b) the gain is one accruing either on the disposal by the investor of any asset or in accordance with section 164F or 164FA, section 169N, paragraphs 4 and 5 below or paragraphs 4 and 5 of Schedule 5C;
- (c) the investor makes a qualifying investment; and
- (d) the investor is resident or ordinarily resident in the United Kingdom at the accrual time and the time when he makes the qualifying investment and is not, in relation to the qualifying investment, a person to whom sub-paragraph (4) below applies.
- (2) The investor makes a qualifying investment for the purposes of this Schedule if—
- (a) eligible shares in a company for which he has subscribed ... are issued to him at a qualifying time and, where that time is before the accrual time, the shares are still held by the investor at the accrual time,
- (aza) he subscribed for the shares (other than any of them which are bonus shares) wholly in cash,
- (b) the company is a qualifying company in relation to the shares,
- (c) at the time when they are issued the shares (other than any of them which are bonus shares) are fully paid up,
- (d) the shares are subscribed for, and issued, for bona fide commercial purposes and not as part of arrangements the main purpose or one of the main purposes of which is the avoidance of tax,
- (da) the total amount of relevant investments made in the company in the year ending with the date the shares are issued does not exceed £5 million,
- (e) the requirements of section 289(1A) of the Taxes Act (read with section 289(1B) to (1E) of that Act), or the requirements of section 183 of ITA 2007, are satisfied in relation to the company,
- (f) the shares (other than any of them which are bonus shares) are issued in order to raise money for the purpose of a qualifying business activity, and
- (g) all of the money raised by the issue of the shares (other than any of them which are bonus shares) is, no later than the time mentioned in section 175(3) of ITA 2007, employed wholly for the purpose of that activity,
and for the purposes of this Schedule, the condition in paragraph (g) above does not fail to be satisfied by reason only of the fact that an amount of money which is not significant is employed for another purpose.
- (3) In sub-paragraph (2) above “*a qualifying time*”, in relation to any shares subscribed for by the investor, means—
- (a) any time in the period beginning one year before and ending three years after the accrual time, or
- (b) any such time before the beginning of that period or after it ends as the Board may by notice allow.
- (4) This sub-paragraph applies to the investor in relation to a qualifying investment if—
- (a) though resident or ordinarily resident in the United Kingdom at the time when he makes the investment, he is regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom, and
- (b) were section 150A to be disregarded, the arrangements would have the effect that he would not be liable in the United Kingdom to tax on a gain arising on a disposal, immediately after their acquisition, of the shares acquired in making that investment.
- (5) Shares are not fully paid up for the purposes of sub-paragraph (2)(c) above if there is any undertaking to pay cash to any person at a future date in respect of the acquisition of the shares.
- (5A) The reference in sub-paragraph (1)(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).
- (6) Section 173A(3) and (4) of ITA 2007 (meaning of “relevant investment”) apply for the purposes of sub-paragraph (2)(da).
- (7) In sub-paragraph (2)(da), the reference to relevant investments made in the company includes relevant investments made in a company that is, or has at any time in the year mentioned there been, a subsidiary of the company (whether or not it was such a subsidiary when the investment was made).
### Postponement of original gain
##### 2
- (1) On the making of a claim by the investor for the purposes of this Schedule, so much of the investor’s unused qualifying expenditure on the relevant shares as—
- (a) is specified in the claim, and
- (b) does not exceed so much of the original gain as is unmatched,
shall be set against a corresponding amount of the original gain.
- (2) Where an amount of qualifying expenditure on the relevant shares is set under this Schedule against the whole or part of the original gain—
- (a) so much of that gain as is equal to that amount shall be treated as not having accrued at the accrual time; but
- (b) paragraphs 4 and 5 below shall apply for determining the gain that is to be treated as accruing on the occurrence of any chargeable event in relation to any of the relevant shares.
- (3) For the purposes of this Schedule—
- (a) the investor’s qualifying expenditure on the relevant shares is the amount subscribed by him for the shares; and
- (b) that expenditure is unused to the extent that it has not already been set under this Schedule or paragraph 1(5) of Schedule 5BB against the whole or any part of a chargeable gain.
- (4) For the purposes of this paragraph the original gain is unmatched, in relation to any qualifying expenditure on the relevant shares, to the extent that it has not had any other expenditure set against it under this Schedule or paragraph 1(5) of Schedule 5BB ... .
### Chargeable events
##### 3
- (1) Subject to the following provisions of this paragraph, there is for the purposes of this Schedule a chargeable event in relation to any of the relevant shares if, after the making of the qualifying investment—
- (a) the investor disposes of those shares otherwise than by way of a disposal within marriage or civil partnership;
- (b) those shares are disposed of, otherwise than by way of a disposal to the investor, by a person who acquired them on a disposal made by the investor within marriage or civil partnership;
- (c) the investor becomes a non-resident while holding those shares and before the termination date relating to those shares;
- (d) a person who acquired those shares on a disposal within marriage or civil partnership becomes a non-resident while holding those shares and before the termination date relating to those shares; or
- (e) those shares cease (or are treated for the purposes of this Schedule as ceasing) to be eligible shares.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) For the purposes of this Schedule there shall not be a chargeable event by virtue of sub-paragraph (1)(c) or (d) above in relation to any shares if—
- (a) the reason why the person in question becomes a non-resident is that he works in an employment or office all the duties of which are performed outside the United Kingdom, and
- (b) he again becomes resident or ordinarily resident in the United Kingdom within the period of three years from the time when he became a non-resident, without having meanwhile disposed of any of those shares;
and accordingly no assessment shall be made by virtue of sub-paragraph (1)(c) or (d) above before the end of that period in a case where the condition in paragraph (a) above is satisfied and the condition in paragraph (b) above may be satisfied.
- (4) For the purposes of sub-paragraph (3) above a person shall be taken to have disposed of any shares if and only if there has been such a disposal as would have been a chargeable event in relation to those shares if the person making the disposal had been resident in the United Kingdom.
- (5) Where in any case—
- (a) the investor or a person who has acquired any of the relevant shares on a disposal within marriage or civil partnership dies, and
- (b) an event occurs at or after the time of the death which (apart from this sub-paragraph) would be a chargeable event in relation to any of the relevant shares held by the deceased immediately before his death,
that event shall not be a chargeable event in relation to the shares so held.
- (6) Any reference in the following provisions of this Schedule to a chargeable event falling within a particular paragraph of sub-paragraph (1) above is a reference to a chargeable event arising for the purposes of this Schedule by virtue of that paragraph.
### Gain accruing on chargeable event
##### 4
- (1) On the occurrence of a chargeable event in relation to any of the relevant shares in relation to which there has not been a previous chargeable event—
- (a) a chargeable gain shall be treated as accruing at the time of the event; and
- (b) the amount of the gain shall be equal to so much of the deferred gain as is attributable to the shares in relation to which the chargeable event occurs.
- (2) Any question for the purposes of capital gains tax as to whether any shares to which a disposal (including a disposal within marriage or civil partnership) relates are shares to which deferral relief is attributable shall be determined in accordance with sub-paragraphs (3) and (4) below.
- (3) Where shares of any class in a company have been acquired by an individual on different days, any disposal by him of shares of that class shall be treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (4) Where shares of any class in a company have been acquired by an individual on the same day, any of those shares disposed of by him shall be treated as disposed of in the following order, namely—
- (a) first any to which neither deferral relief nor relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 is attributable;
- (b) next any to which deferral relief, but not relief under that Chapter or that Part, is attributable;
- (c) next any to which relief under that Chapter or that Part, but not deferral relief, is attributable; and
- (d) finally any to which both deferral relief and relief under that Chapter or that Part are attributable.
- (4A) The following, namely—
- (a) any shares to which deferral relief, but not relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007, is attributable and which were disposed of to an individual by a disposal within marriage or civil partnership, and
- (b) any shares to which relief under that Chapter or that Part is attributable and which were transferred to an individual as mentioned in section 304 of the Taxes Act or section 245 of ITA 2007,
shall be treated for the purposes of sub-paragraphs (3) and (4) above as acquired by him on the day on which they were issued.
- (4B) Chapter I of Part IV of this Act has effect subject to sub-paragraphs (2) to (4A) above.
- (4C) Sections 104, 105 and 106A shall not apply to shares to which deferral relief, but not relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007, is attributable.
- (5) Where at the time of a chargeable event any of the relevant shares are treated for the purposes of this Act as represented by assets which consist of or include assets other than those shares—
- (a) so much of the deferred gain as is attributable to those shares shall be treated, in determining for the purposes of this paragraph the amount of the deferred 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 shares, sub-paragraphs (3) to (4A) above shall apply with the necessary modifications in relation to those assets as they would apply in relation to the shares.
- (6) In order to determine, for the purposes of this paragraph, the amount of the deferred gain attributable to any shares, a proportionate part of the amount of the gain shall be attributed to each of the relevant shares held, immediately before the occurrence of the chargeable event in question, by the investor or a person who has acquired any of the relevant shares from the investor on a disposal within marriage or civil partnership.
- (7) In this paragraph “*the deferred gain*” means—
- (a) the amount of the original gain against which expenditure has been set under this Schedule, less
- (b) the amount of any gain treated as accruing under this paragraph previously as a result of a disposal of any of the relevant shares.
### Person to whom gain accrues
##### 5
- (1) The chargeable gain which accrues, in accordance with paragraph 4 above, on the occurrence in relation to any of the relevant shares of a chargeable event shall be treated as accruing, as the case may be—
- (a) to the person who makes the disposal,
- (b) to the person who becomes a non-resident, or
- (c) to the person who holds the shares in question when they cease (or are treated for the purposes of this Schedule as ceasing) to be eligible shares.
- (2) Where—
- (a) sub-paragraph (1) above provides for the holding of shares at a particular time to be what identifies the person to whom any chargeable gain accrues, and
- (b) at that time, some of those shares are held by the investor and others are held by a person to whom the investor has transferred them by a disposal within marriage or civil partnership,
the amount of the chargeable gain accruing by virtue of paragraph 4 above shall be computed separately in relation to the investor and that person without reference to the shares held by the other.
### Claims
##### 6
- (1) Subject to sub-paragraph (2) below, section 306 of the Taxes Act or sections 202(1), 203(1) and 204 to 207 of ITA 2007 shall apply in relation to a claim under this Schedule in respect of the relevant shares as it applies in relation to a claim for relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 in respect of eligible or relevant shares.
- (2) Section 306, as it so applies, shall have effect as if—
- (a) any reference to the conditions for the relief were a reference to the conditions for the application of this Schedule;
- (b) in subsection (1), the words “(or treated by section 289B(5) as so issued)" were omitted; and
- (c) subsections (7) to (9) were omitted.
- (3) Sections 202(1), 203(1) and 204 to 207 of ITA 2007, as they so apply, shall have effect as if any reference to the requirements for the relief were a reference to the conditions for the application of this Schedule.
## SCHEDULE 5C
### Application of Schedule
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### The postponement of the original gain
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Chargeable events
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Gain accruing on chargeable event
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Persons to whom gain accrues
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 9A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 7A
References in paragraphs 5 to 7 above to an amount brought into account as a receipt of a ... UK property business include references to an amount brought into account as a receipt of an overseas property business.
##### 117A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 117B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 153A
- (1) This section applies where a person carrying on a trade who for a consideration disposes of, or of his interest in, any assets (“the old assets”) declares, in his 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”) which on the acquisition will be taken into use, and used only, for the purposes of the trade;
- (b) that the acquisition will take place as mentioned in subsection (3) of section 152; and
- (c) that the new assets will be within the classes listed in section 155.
- (2) Until the declaration ceases to have effect, section 152 or, as the case may be, section 153 shall apply as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration shall cease 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 152 or 153, 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) shall be made by making or amending assessments or by repayment or discharge of tax; and
- (b) shall be so made notwithstanding any limitation on the time within which assessments or amendments may be made.
- (5) 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;
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (6) Subsections (6), (8), (10) and (11) of section 152 shall apply for the purposes of this section as they apply for the purposes of that section.
##### 237A
- (1) This section applies in any case where a right to acquire shares in a body corporate (“the old right”) which was obtained by an individual by reason of his office or employment as a director or employee of that or any other body corporate is released in whole or in part for a consideration which consists of or includes the grant to that individual of another right (“the new right”) to acquire shares in that or any other body corporate.
- (2) As respects the person to whom the new right is granted—
- (a) without prejudice to subsection (1) above, the new right shall not be regarded for the purposes of capital gains tax as consideration for the release of the old right;
- (b) the amount or value of the consideration given by him or on his behalf for the acquisition of the new right shall be taken for the purposes of section 38(1) to be the amount or value of the consideration given by him or on his behalf for the old right; and
- (c) any consideration paid for the acquisition of the new right shall be taken to be expenditure falling within section 38(1)(b).
- (3) As respects the grantor of the new right, in determining for the purposes of this Act the amount or value of the consideration received for the new right, the release of the old right shall be disregarded.
##### 247A
- (1) This section applies where a person who disposes of land (“the old land”) to an authority exercising or having compulsory powers declares, in his return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration for the disposal will be applied in the acquisition of other land (“the new land”);
- (b) that the acquisition will take place as mentioned in subsection (3) of section 152; and
- (c) that the new land will not be land excluded from section 247(1)(c) by section 248.
- (2) Until the declaration ceases to have effect, section 247 shall apply as if the acquisition had taken place and the person had made a claim under that section.
- (3) For the purposes of this section, subsections (3) to (5) of section 153A shall apply as if the reference to section 152 or 153 were a reference to section 247 and the reference to the old assets were a reference to the old land.
- (4) In this section “*land*” and “*authority exercising or having compulsory powers*” have the same meaning as in section 247.
##### 1A
- (1) Any security which is a strip of a security which is a gilt-edged security for the purposes of this Act is also itself a gilt-edged security for those purposes.
- (2) In this paragraph “*strip*” has the same meaning as in section 47 of the Finance Act 1942.
##### 164FA
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 263B
- (1) In this section “*stock lending arrangement*” means so much of any arrangements between two persons (“*the borrower*” and “the lender”) as are arrangements under which—
- (a) the lender transfers securities to the borrower otherwise than by way of sale; and
- (b) a requirement is imposed on the borrower to transfer those securities back to the lender otherwise than by way of sale.
- (2) Subject to the following provisions of this section and sections 263C(2) and 263CA(3) and (5), the disposals and acquisitions made in pursuance of any stock lending arrangement shall be disregarded for the purposes of capital gains tax.
- (3) Where—
- (a) the borrower under any stock lending arrangement disposes of any securities transferred to him under the arrangement,
- (b) that disposal is made otherwise than in the discharge of the requirement for the transfer of securities back to the lender, and
- (c) that requirement, so far as it relates to the securities disposed of, has been or will be discharged by the transfer of securities other than those transferred to the borrower,
any question relating to the acquisition of the securities disposed of shall be determined (without prejudice to the provisions of Chapter I of Part IV) as if the securities disposed of were the securities with which that requirement (so far as relating to the securities disposed of) has been or will be discharged.
- (4) Where, in the case of any stock lending arrangement, it becomes apparent, at any time after the making of the transfer by the lender, that the requirement for the borrower to make a transfer back to the lender will not be complied with—
- (a) the lender shall be deemed for the purposes of this Act to have made a disposal at that time of the securities transferred to the borrower for a consideration equal to their market value at that time;
- (b) the borrower shall be deemed to have acquired them at that time for that consideration; and
- (c) subsection (3) above shall have effect in relation to any disposal before that time by the borrower of securities transferred to him by the lender as if the securities deemed to have been acquired by the borrower in accordance with paragraph (b) above were to be used for discharging a requirement to transfer securities back to the lender.
This subsection does not apply where section 263CA (insolvency of borrower) applies.
- (5) References in this section, in relation to a person to whom securities are transferred, to the transfer of those securities back to another person shall be construed as if the cases where those securities are taken to be transferred back to that other person included any case where securities of the same description as those securities are transferred to that other person either—
- (a) in accordance with a requirement to transfer securities of the same description; or
- (b) in exercise of a power to substitute securities of the same description for the securities that are required to be transferred back.
- (6) For the purposes of this section securities shall not be taken to be of the same description as other securities unless they are in the same quantities, give the same rights against the same persons and are of the same type and nominal value as the other securities.
- (7) In this section—
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ; and
- “*securities*” means UK shares or overseas securities (within the meaning of Part 17 of CTA 2010: see section 814 of that Act) or UK securities within the meaning of section 805 of CTA 2010 (see section 806 of that Act).
##### 263C
- (1) In section 263B references to the transfer back to a person of securities transferred by him shall be taken to include references to the payment to him, in pursuance of an obligation arising on any person’s becoming entitled to receive an amount in respect of the redemption of those securities, of an amount equal to the amount of the entitlement.
- (2) Where, in pursuance of any such obligation, the lender under any stock lending arrangement is paid any amount in respect of the redemption of any securities to which the arrangement relates—
- (a) that lender shall be deemed for the purposes of this Act to have disposed, for that amount, of the securities in respect of whose redemption it is paid (“*the relevant lent securities*”);
- (b) the borrower shall not, in respect of the redemption, be taken for the purposes of this Act to have made any disposal of the relevant lent securities; and
- (c) section 263B(3) shall have effect in relation to disposals of any of the relevant lent securities made by the borrower before the redemption as if—
- (i) the amount paid to the lender were an amount paid for the acquisition of securities, and
- (ii) the securities acquired were to be used by the borrower for discharging a requirement under the arrangement to transfer the relevant lent securities back to the lender.
- (3) Expressions used in this section and section 263B have the same meanings in this section as in that section.
##### 2A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 10A
- (1) This section applies in the case of any individual (“the taxpayer") if—
- (a) he satisfies the residence requirements for any year of assessment (“the year of return");
- (b) he did not satisfy those requirements for one or more years of assessment immediately preceding the year of return but there are years of assessment before that year for which he did satisfy those requirements;
- (c) there are fewer than five years of assessment falling between the year of departure and the year of return; and
- (d) four out of the seven years of assessment immediately preceding the year of departure are also years of assessment for each of which he satisfied those requirements.
- (2) Subject to the following provisions of this section and section 86A, the taxpayer shall be chargeable to capital gains tax as if—
- (a) all the chargeable gains and losses which (apart from this subsection) would have accrued to him in an intervening year,
- (b) all the chargeable gains which under section 13 or 86 would be treated as having accrued to him in an intervening year if he had been resident in the United Kingdom throughout that intervening year, and
- (c) any losses which by virtue of section 13(8) would have been allowable in his case in any intervening year if he had been resident in the United Kingdom throughout that intervening year,
were gains or, as the case may be, losses accruing to the taxpayer in the year of return.
- (3) Subject to subsection (4) below, the gains and losses which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return shall not include any gain or loss accruing on the disposal by the taxpayer of any asset if—
- (a) that asset was acquired by the taxpayer at a time in the year of departure or any intervening year when
- (i) he was neither resident nor ordinarily resident in the United Kingdom, or
- (ii) he was resident or ordinarily resident in the United Kingdom but was Treaty non-resident;
- (b) that asset was so acquired otherwise than by means of a relevant disposal which by virtue of section 58, 73 or 258(4) is treated as having been a disposal on which neither a gain nor a loss accrued;
- (c) that asset is not an interest created by or arising under a settlement; and
- (d) the amount or value of the consideration for the acquisition of that asset by the taxpayer does not fall, by reference to any relevant disposal, to be treated as reduced under section 23(4)(b) or (5)(b), 152(1)(b), 153(1)(b), 162(3)(b) or 247(2)(b) or (3)(b).
- (4) Where—
- (a) any chargeable gain that has accrued or would have accrued on the disposal of any asset (“*the first asset*”) is a gain falling (apart from this section) to be treated by virtue of section 116(10) or (11), 134 or 154(2) or (4) as accruing on the disposal of the whole or any part of another asset, and
- (b) the other asset is an asset falling within paragraphs (a) to (d) of subsection (3) above but the first asset is not,
subsection (3) above shall not exclude that gain from the gains which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return.
- (5) The gains and losses which by virtue of subsection (2) above are to be treated as accruing to the taxpayer in the year of return shall not include any chargeable gain or allowable loss accruing to the taxpayer in an intervening year which, in the taxpayer’s case, has fallen to be brought into account for that year by virtue of section 10 or 16(3).
- (6) The reference in subsection (2)(c) above to losses allowable in an individual’s case in an intervening year is a reference to only so much of the aggregate of the losses that would have been available in accordance with subsection (8) of section 13 for reducing gains accruing by virtue of that section to that individual in that year as does not exceed the amount of the gains that would have accrued to him in that year if it had been a year throughout which he was resident in the United Kingdom.
- (7) Where this section applies in the case of any individual, nothing in any enactment imposing any limit on the time within which an assessment to capital gains tax may be made shall prevent any such assessment for the year of departure from being made in the taxpayer’s case at any time before the end of two years after the 31st January next following the year of return.
- (a) an election is made in respect of the relevant shares, and
- (b) any shares (“*the other shares*”) acquired by the individual on the same day and in the same capacity as the relevant shares cease to be treated under section 104(4) as shares of a different class from the relevant shares,
the election shall have effect in respect of the other shares from the time they cease to be so treated.
- (4) In determining for the purposes of section 105A(2) and subsection (2) above whether the individual has made a disposal of any of the relevant shares, sections 122(1) and 128(3) shall be disregarded.
- (5) No election may be made in respect of ordinary shares in a venture capital trust.
For this purpose “*ordinary shares*” has the meaning given in section 151A(7).
- (6) For the purposes of section 105A, shares in 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 that recognised stock exchange.
- (7) In section 105A(2) to (5) and subsections (2) to (4) above, any reference to the relevant shares or to the approved-scheme shares includes a reference to the securities (if any) directly or indirectly derived from the shares in question by virtue of one or more applications of section 127 (including that section as applied by virtue of any enactment relating to chargeable gains).
- (8) In this section—
- “*intervening year*” means any year of assessment which, in a case where the conditions in paragraphs (a) to (d) of subsection (1) above are satisfied, falls between the year of departure and the year of return;
- “*relevant disposal*”, means a disposal of an asset acquired by the person making the disposal at a time when that person was resident or ordinarily resident in the United Kingdom and was not Treaty non-resident; and
- “*the year of departure*” means the last year of assessment before the year of return for which the taxpayer satisfied the residence requirements.
- (9) For the purposes of this section an individual satisfies the residence requirements for a year of assessment—
- (a) if, during any part of that year of assessment, he is resident in the United Kingdom and not Treaty non-resident, or
- (b) if he is ordinarily resident in the United Kingdom during that year of assessment, unless he is Treaty non-resident during that year of assessment.
- (9ZA) If—
- (a) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the taxpayer for the year of return, and
- (b) the taxpayer is not domiciled in the United Kingdom in that year,
any foreign chargeable gains falling within subsection (2)(a) which were remitted in an intervening year are treated as remitted in the year of return.
For this purpose “*foreign chargeable gains*” has the meaning given by section 12(4).
- (9A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9B) Where this section applies in the case of any individual in circumstances in which one or more intervening years would, but for his being Treaty non-resident during some or all of that year or those years, not be an intervening year, this section shall have effect in the taxpayer's case—
- (a) as if subsection (2)(a) above did not apply in the case of any amount treated by virtue of section 87 or 89(2) as an amount of chargeable gains accruing to the taxpayer in any such intervening year, and
- (b) as if any such intervening year were not an intervening year for the purposes of subsections (2)(b) and (c) and (6) above.
- (9C) Nothing in any double taxation relief arrangements shall be read as preventing the taxpayer from being chargeable to capital gains tax in respect of any of the chargeable gains treated by virtue of subsection (2)(a) above as accruing to the taxpayer in the year of return (or as preventing a charge to that tax from arising as a result).
- (10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 86A
- (1) Subsection (2) below applies in the case of a person who is a settlor in relation to any settlement (“the relevant settlement") where—
- (a) by virtue of section 10A, amounts falling within section 86(1)(e) for any intervening year or years would (apart from this section) be treated as accruing to the settlor in the year of return; and
- (b) there is an excess of the relevant chargeable amounts for the non-residence period over the amount of the section 87 pool at the end of the year of departure.
- (2) Only so much (if any) of—
- (a) the amount falling within section 86(1)(e) for the intervening year, or
- (b) if there is more than one intervening year, the aggregate of the amounts falling within section 86(1)(e) for those years,
as exceeds the amount of the excess mentioned in subsection (1)(b) above shall fall in accordance with section 10A to be attributed to the settlor for the year of return.
- (2A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) In subsection (1) above, the reference to the relevant chargeable amounts for the non-residence period is (subject to subsection (5) below) a reference to the aggregate of the amounts on which beneficiaries of the relevant settlement are charged to tax under section 87 or 89(2) for the intervening year or years in respect of any capital payments received by them.
- (4) In subsection (1) above, the reference to the section 87 pool at the end of the year of departure is (subject to subsection (5) below) a reference to the amount (if any) which, in accordance with subsection (2) of that section, fell in relation to the relevant settlement to be carried forward from the year of departure to be included in the amount of the trust gains for the year of assessment immediately following the year of departure.
- (5) Where the property comprised in the relevant settlement has at any time included property not originating from the settlor, only so much (if any) of any capital payment or amount carried forward in accordance with section 87(2) as, on a just and reasonable apportionment, is properly referable to property originating from the settlor shall be taken into account for the purposes of subsections (3) and (4) above.
- (6) Where any reduction falls to be made by virtue of subsection (2) above in any amount to be attributed in accordance with section 10A to any settlor for any year of assessment, the reduction to be treated as made for that year in accordance with section 87(3) in the case of the settlement in question shall not be made until—
- (a) the reduction (if any) falling to be made by virtue of that subsection has been made in the case of every settlor to whom any amount is so attributed; and
- (b) effect has been given to any reduction required to be made under subsection (7) below.
- (7) Where in the case of any settlement there is (after the making of any reduction or reductions in accordance with subsection (2) above) any amount or amounts falling in accordance with section 10A to be attributed for any year of assessment to settlors of the settlement, the amount (or aggregate amount) falling in accordance with that section to be so attributed shall be applied in reducing the amount carried forward to that year in accordance with section 87(2).
- (7A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) Where an amount ... has been applied, in accordance with subsection (7) above, in reducing the amount which in the case of any settlement is carried forward to any year in accordance with section 87(2), that amount (or, as the case may be, so much of it as does not exceed the amount which it is applied in reducing) shall be deducted from the amount used for that year for making the reduction under section 87(3) in the case of that settlement.
- (9) Expressions used in this section and section 10A have the same meanings in this section as in that section; and paragraph 8 of Schedule 5 shall apply for the construction of the references in subsection (5) above to property originating from the settlor as it applies for the purposes of that Schedule.
##### 101A
- (1) This section applies where—
- (a) an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue of section 171(1) as giving rise to neither a gain nor a loss,
- (b) at the time of the disposal the acquiring company was not an investment trust, and
- (c) the conditions set out in subsection (2) below are satisfied by the acquiring company.
- (2) Those conditions are satisfied by the acquiring company if—
- (a) it becomes an investment trust for an accounting period beginning not more than 6 years after the time of the disposal,
- (b) at the beginning of that accounting period, it owns, otherwise than as trading stock—
- (i) the asset, or
- (ii) property to which a chargeable gain has been carried forward from the asset on a replacement of business assets,
- (c) it has not been an investment trust for any earlier accounting period beginning after the time of the disposal, and
- (d) at the time at which it becomes an investment trust, there has not been an event by virtue of which it falls by virtue of section 179(3) or 101C(3) to be treated as having sold, and immediately reacquired, the asset at the time specified in subsection (3) below.
- (3) The acquiring company shall be treated for all the purposes of this Act as if immediately after the disposal it had sold, and immediately reacquired, the asset at its market value at that time.
- (4) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the acquiring company on the sale referred to in subsection (3) above shall be treated as accruing to it immediately before the end of the last accounting period to end before the beginning of the accounting period for which the acquiring company becomes an investment trust.
- (5) For the purposes of this section a chargeable gain is carried forward from an asset to other property on a replacement of business assets if—
- (a) by one or more claims under sections 152 to 158, the chargeable gain accruing on a disposal of the asset is reduced, and
- (b) as a result an amount falls to be deducted from the expenditure allowable in computing a gain accruing on the disposal of the other property.
- (6) For the purposes of this section an asset acquired by the acquiring company shall be treated as the same as an asset owned by it at a later time if the value of the second asset is derived in whole or in part from the first asset; and, in particular, assets shall be so treated where—
- (a) the second asset is a freehold and the first asset was a leasehold; and
- (b) the lessee has acquired the reversion.
- (7) Where under this section a company is to be treated as having disposed of and reacquired an asset—
- (a) all such recomputations of liability in respect of other disposals, and
- (b) all such adjustments of tax, whether by way of assessment or by way of discharge or repayment of tax,
as may be required in consequence of the provisions of this section shall be carried out.
- (8) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may be made at any time within 6 years after the end of the accounting period referred to in subsection (2)(a) above.
##### 101B
- (1) Where section 139 has applied on the transfer of a company’s business (in whole or in part) to a company which at the time of the transfer was not a venture capital trust, then if—
- (a) at any time after the transfer the company becomes a venture capital trust by virtue of an approval for the purposes of Part 6 of ITA 2007; and
- (b) at the time as from which the approval has effect the company still owns any of the assets of the business transferred,
the company shall be treated for all the purposes of this Act as if immediately after the transfer it had sold, and immediately reacquired, the assets referred to in paragraph (b) above at their market value at that time.
- (2) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the company on the sale referred to in subsection (1) above shall be treated as accruing to the company immediately before the time mentioned in subsection (1)(b) above.
- (3) This section does not apply if at the time mentioned in subsection (1)(b) above there has been an event by virtue of which the company falls by virtue of section 101(1) to be treated as having sold, and immediately reacquired, the assets immediately after the transfer referred to in subsection (1) above.
- (4) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may, in a case in which the approval mentioned in subsection (1)(a) above has effect as from the beginning of an accounting period, be made at any time within 6 years after the end of that accounting period.
- (5) Where under this section a company is to be treated as having disposed of, and reacquired, an asset of a business, all such recomputations of liability in respect of other disposals and all such adjustments of tax, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of the provisions of this section shall be carried out.
##### 101C
- (1) This section applies where—
- (a) an asset has been disposed of to a company (the “acquiring company") and the disposal has been treated by virtue of section 171(1) as giving rise to neither a gain nor a loss,
- (b) at the time of the disposal the acquiring company was not a venture capital trust, and
- (c) the conditions set out in subsection (2) below are satisfied by the acquiring company.
- (2) Those conditions are satisfied by the acquiring company if—
- (a) it becomes a venture capital trust by virtue of an approval having effect as from a time (the “time of approval") not more than 6 years after the time of the disposal,
- (b) at the time of approval the company owns, otherwise than as trading stock—
- (i) the asset, or
- (ii) property to which a chargeable gain has been carried forward from the asset on a replacement of business assets,
- (c) it has not been a venture capital trust at any earlier time since the time of the disposal, and
- (d) at the time of approval, there has not been an event by virtue of which it falls by virtue of section 179(3) or 101A(3) to be treated as having sold, and immediately reacquired, the asset at the time specified in subsection (3) below.
- (3) The acquiring company shall be treated for all the purposes of this Act as if immediately after the disposal it had sold, and immediately reacquired, the asset at its market value at that time.
- (4) Any chargeable gain or allowable loss which, apart from this subsection, would accrue to the acquiring company on the sale referred to in subsection (3) above shall be treated as accruing to it immediately before the time of approval.
- (5) Subsections (5) to (7) of section 101A apply for the purposes of this section as they apply for the purposes of that section.
- (6) Notwithstanding any limitation on the time for making assessments, any assessment to corporation tax chargeable in consequence of this section may, in a case in which the time of approval is the time at which an accounting period of the company begins, be made at any time within 6 years after the end of that accounting period.
- (7) Any reference in this section to an approval is a reference to an approval for the purposes of Part 6 of ITA 2007.
##### 106A
- (1) This section has effect for the purposes of capital gains tax (but not corporation tax) where any securities are disposed of by any person.
- (2) The securities disposed of shall be identified in accordance with the following provisions of this section with securities of the same class that have been acquired by the person making the disposal.
- (3) The provisions of this section have effect in the case of any disposal notwithstanding that 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 person disposes of securities in one capacity, they shall not be identified under those provisions with any securities which he holds, or can dispose of, only in some other capacity.
- (4) Securities disposed of on an earlier date shall be identified before securities disposed of on a later date; and, accordingly, securities disposed of by a later disposal shall not be identified with securities already identified as disposed of by an earlier disposal.
- (5) Subject to subsection (4) above, if within the period of thirty days after the disposal the person making it acquires securities of the same class, the securities disposed of shall be identified—
- (a) with securities acquired by him within that period, rather than with other securities; and
- (b) with securities acquired at an earlier time within that period, rather than with securities acquired at a later time within that period.
- (5ZA) None of the securities which, by virtue of subsection (5) above, are identified with other securities shall be regarded as forming part of an existing section 104 holding or as constituting a section 104 holding.
- (5A) Subsection (5) above shall not require securities to be identified with securities which the person making the disposal acquires at a time when—
- (a) he is neither resident nor ordinarily resident in the United Kingdom, or
- (b) he is resident or ordinarily resident in the United Kingdom but is Treaty non-resident.
- (6) Subject to subsections (4) and (5) above, relevant securities disposed of shall be identified with relevant securities acquired at a later time, rather than with relevant securities acquired at an earlier time.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (9) The identification rules set out in the preceding provisions of this section have effect subject to subsection (1) of section 105, and securities disposed of shall not be identified with securities acquired after the disposal except in accordance with that section or subsection (5) above.
- (10) In this section—
- “*securities*” means any securities within the meaning of section 104 or any relevant securities, and
- “*relevant securities*” means—securities within the meaning of Chapter 2 of Part 12 of ITA 2007 (accrued income profits),qualifying corporate bonds, and securities which are interests in a non-reporting fund, within the meaning of the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 4(2)).
- (11) For the purposes of this section 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 that recognised stock exchange.
##### 110A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 149B
- (1) Where—
- (a) an individual has acquired an interest in any shares or securities which is only conditional,
- (b) that interest is one which for the purposes of Chapter 2 of Part 7 of ITEPA 2003 (conditional interests in shares) is taken to have been acquired by him as a director or employee of a company, and
- (c) by virtue of section 17(1)(b) the acquisition of that interest would, apart from this section, be an acquisition for a consideration equal to the market value of the interest,
section 17 shall not apply for calculating the consideration.
- (2) Instead, the consideration for the acquisition shall be taken (subject to section 120) to be equal to the actual amount or value of the consideration given for that interest as computed in accordance with section 429 of ITEPA 2003.
- (3) This section shall apply in relation only to the individual making the acquisition and, accordingly, shall be disregarded in calculating the consideration received by the person from whom the interest is acquired.
- (4) Expressions used in this section and in Chapter 2 of Part 7 of ITEPA 2003 have the same meanings in this section as in that Chapter.
- (5) This section does not apply to acquisitions on or after the day appointed under paragraph 3(2) of Schedule 22 to the Finance Act 2003.
- (6) References in this section to ITEPA 2003 are to that Act as originally enacted.
### Pre-entry gains
##### 177B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Re-organisations of mutual businesses
##### 214C
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Effect of share loss relief
#### Merger not leaving assets within UK tax charge
### Personal pension schemes
##### 239B
- (1) This section applies where tax is charged in accordance with section 650A of the Taxes Act (tax charged on the withdrawal of the Board’s approval in relation to approved personal pension arrangements).
- (2) For the purposes of this Act the appropriate part of the assets which at the relevant time are held for the purposes of the relevant scheme—
- (a) shall be deemed to be acquired at that time for a consideration equal to the amount on which tax is charged by virtue of section 650A(2) of the Taxes Act; but
- (b) shall not be deemed to be disposed of by any person at that time.
- (3) The person who shall be deemed in accordance with subsection (2)(a) above to have acquired the appropriate part of the assets shall be the person who would be chargeable in respect of a chargeable gain accruing on a disposal of the assets at the relevant time.
- (4) In this section—
- “*the appropriate part*” and “*the relevant time*” have the meanings given by subsection (3) of section 650A of the Taxes Act for the purposes of subsection (2) of that section; and
- “*the relevant scheme*” has the same meaning as in that section.
## SCHEDULE A1
### Introductory
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Period for which an asset is held and relevant period of ownership
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rules for determining whether a gain is a gain on the disposal of a business asset or non-business asset
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Conditions for shares to qualify as business assets
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Conditions for other assets to qualify as business assets
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Companies which are qualifying companies
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Persons who are eligible beneficiaries
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where there are non-qualifying beneficiaries
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Cases where an asset is used at the same time for different purposes
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods of limited exposure to fluctuations in value not to count
##### 10
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods of share ownership not to count where there is a change of activity by the company
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods of share ownership not to count in a case of value shifting
##### 12
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Rules for options
##### 13
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Further rules for assets derived from other assets
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rules for assets transferred between spouses or civil partners
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rules for postponed gains
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for property settled by a company
##### 17
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rules for assets acquired in the reconstruction of mutual businesses et ceteralaetc.
##### 18
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for ancillary trust funds
##### 19
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### General rules for settlements
##### 20
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### General rule for apportionments under this Schedule
##### 21
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation of Schedule
##### 22
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### Settlements created before 17th March 1998
##### 2A
- (1) In determining for the purposes of section 86(1)(d) whether the settlor has an interest at any time during any year of assessment in a settlement created before 17th March 1998, paragraphs (da) and (db) of paragraph 2(3) above, and the reference to those paragraphs in paragraph 2(3)(e), shall be disregarded unless—
- (a) that year is a year in which one of the four conditions set out in the following provisions of this paragraph becomes fulfilled as regards the settlement; or
- (b) one of those conditions became fulfilled as regards that settlement in any previous year of assessment ending on or after 5th April 1998.
- (2) The first condition is (subject to sub-paragraph (3) below) that on or after 17th March 1998 property or income is provided directly or indirectly for the purposes of the settlement—
- (a) otherwise than under a transaction entered into at arm’s length, and
- (b) otherwise than in pursuance of a liability incurred by any person before that date.
- (3) For the purposes of the first condition, where the settlement’s expenses relating to administration and taxation for a year of assessment exceed its income for the year, property or income provided towards meeting those expenses shall be ignored if the value of the property or income so provided does not exceed the difference between the amount of those expenses and the amount of the settlement’s income for the year.
- (4) The second condition is that—
- (a) the trustees become on or after 17th March 1998 neither resident nor ordinarily resident in the United Kingdom, or
- (b) the trustees, while continuing to be resident and ordinarily resident in the United Kingdom, become on or after 17th March 1998 trustees who fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (5) The third condition is that on or after 17th March 1998 the terms of the settlement are varied so that any person falling within sub-paragraph (7) below becomes for the first time a person who will or might benefit from the settlement.
- (6) The fourth condition is that—
- (a) on or after 17th March 1998 a person falling within sub-paragraph (7) below enjoys a benefit from the settlement for the first time, and
- (b) the person concerned is not one who (looking only at the terms of the settlement immediately before 17th March 1998) would be capable of enjoying a benefit from the settlement on or after that date.
- (7) Each of the following persons falls within this sub-paragraph—
- (a) any grandchild of the settlor or of the settlor’s spouse or civil partner;
- (b) the spouse or civil partner of any such grandchild;
- (c) a company controlled by a person or persons falling within paragraph (a) or (b) above;
- (d) a company controlled by any such person or persons together with any person or persons (not so falling) each of whom is for the purposes of paragraph 2(1) above a defined person in relation to the settlement;
- (e) a company associated with a company falling within paragraph (c) or (d) above.
- (8) For the purposes of sub-paragraph (7) above the question whether a company is controlled by a person or persons shall be construed in accordance with sections 450 and 451 of CTA 2010; but in deciding that question for those purposes no rights or powers of (or attributed to) an associate or associates of a person shall be attributed to him under section 451(4) to (6) of CTA 2010 if he is not a participator in the company.
- (9) For the purposes of sub-paragraph (7) above the question whether one company is associated with another shall be construed in accordance with section 449 of CTA 2010; but where in deciding that question for those purposes it falls to be decided whether a company is controlled by a person or persons, no rights or powers of (or attributed to) an associate or associates of a person shall be attributed to him under section 451(4) to (6) of CTA 2010 if he is not a participator in the company.
- (10) In this paragraph—
- “child” includes a step-child;
- “grandchild” means a child of a child;
- “participator” has the meaning given by section 454 of CTA 2010.
### Failure of conditions of application
##### 1A
- (1) If the condition in sub-paragraph (2)(b) or (2)(da) of paragraph 1 above is not satisfied in consequence of an event occurring after the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule as ceasing to be eligible shares on the date of the event.
- (2) If the condition in sub-paragraph (2)(e) of that paragraph is not satisfied in consequence of an event occurring after the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule as ceasing to be eligible shares on the date of the event.
- (3) If the condition in sub-paragraph (2)(f) of that paragraph is not satisfied in relation to the shares mentioned in sub-paragraph (2)(a) of that paragraph, the shares shall be treated for the purposes of this Schedule as never having been eligible shares.
- (4) If the condition in sub-paragraph (2)(g) ... of that paragraph is not satisfied in relation to the issue of eligible shares, the shares mentioned in sub-paragraph (2)(a) of that paragraph shall be treated for the purposes of this Schedule—
- (a) if the claim under this Schedule is made after the time mentioned in section 175(3) of ITA 2007, as never having been eligible shares; and
- (b) if that claim is made before that time, as ceasing to be eligible shares at that time.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) None of the preceding sub-paragraphs applies unless—
- (a) the company has given notice under paragraph 16(2) or (4) below, section 310(2) of the Taxes Act or section 241(3) of ITA 2007; or
- (b) an inspector has given notice to the company stating that, by reason of the matter mentioned in that sub-paragraph, the shares mentioned in paragraph 1(2)(a) above should, in his opinion, be treated for the purposes of this Schedule as never having been or, as the case may be, as ceasing to be eligible shares.
- (6) The giving of notice by an inspector under sub-paragraph (5) above shall be taken, for the purposes of the provisions of the Management Act relating to appeals against decisions on claims, to be a decision refusing a claim made by the company.
- (7) Where any issue has been determined on an appeal brought by virtue of section 307(1B) of the Taxes Act or section 236(1) of ITA 2007 (appeal against notice that relief was not due), the determination shall be conclusive for the purposes of any appeal brought by virtue of sub-paragraph (6) above on which that issue arises.
### Reorganisations
##### 7
- (1) 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 deferral relief and relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 are attributable,
- (b) shares to which deferral relief but not relief under that Chapter or that Part is attributable, and
- (c) shares to which deferral relief is not 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 paragraph) separately to shares falling within paragraph (a), (b) 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).
- (2) 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, the existing holding or the allotted shares are shares to which deferral relief is attributable,
sections 127 to 130 shall not apply in relation to the existing holding.
### Acquisition of share capital by new company
##### 8
- (1) This paragraph applies where—
- (a) a company (“the new company") in which the only issued shares are subscriber shares acquires all the shares (“old shares") in another company (“the old company");
- (b) the consideration for the old shares consists wholly of the issue of shares (“new shares") in the new company;
- (c) the consideration for new shares of each description consists wholly of old shares of the corresponding description;
- (d) new shares of each description are issued to the holders of old shares of the corresponding description in respect of and in proportion to their holdings;
- (e) at some time before the issue of the new shares—
- (i) the old company issued eligible shares; and
- (ii) a certificate in relation to those eligible shares was issued by that company for the purposes of section 306(2) of the Taxes Act or section 203(1) of ITA 2007 (as applied by paragraph 6 above) and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007 (as so applied); and
- (f) by virtue of section 127 as applied by section 135(3), the exchange of shares is not treated as involving a disposal of the old shares or an acquisition of the new shares.
- (2) For the purposes of this Schedule, deferral relief attributable to any old shares shall be attributable instead to the new shares for which they are exchanged.
- (3) Where, in the case of any new shares held by an individual to which deferral relief becomes so attributable, the old shares for which they are exchanged were subscribed for by and issued to the individual, this Schedule shall have effect as if—
- (a) the new shares had been subscribed for by him at the time when, and for the amount for which, the old shares were subscribed for by him;
- (b) the new shares had been issued to him by the new company at the time when the old shares were issued to him by the old company; and
- (c) the claim under this Schedule made in respect of the old shares had been made in respect of the new shares.
- (4) Where, in the case of any new shares held by an individual to which deferral relief becomes so attributable, the old shares for which they are exchanged were acquired by the individual on a disposal within marriage or civil partnership, this Schedule shall have effect as if—
- (a) the new shares had been subscribed for at the time when, and for the amount for which, the old shares were subscribed for;
- (b) the new shares had been issued by the new company at the time when the old shares were issued by the old company; and
- (c) the claim under this Schedule made in respect of the old shares had been made in respect of the new shares.
- (5) Where deferral relief becomes so attributable to any new shares—
- (a) this Schedule shall have effect as if anything which, under paragraph 1A(5) above, paragraph 16 below or section 306(2) of the Taxes Act or section 203(1) of ITA 2007 as applied by paragraph 6 above has been done, or is required to be done, by or in relation to the old company had been done, or were required to be done, by or in relation to the new company; and
- (b) any appeal brought by the old company against a notice under paragraph 1A(5)(b) may be prosecuted by the new company as if it had been brought by that company.
- (6) For the purposes of this paragraph old shares and new shares are of a corresponding description if, on the assumption that they were shares in the same company, they would be of the same class and carry the same rights; and in sub-paragraph (1) above references to shares, except in the expressions “*eligible shares*” and “*subscriber shares*”, include references to securities.
- (7) Nothing in section 293(8) of the Taxes Act or section 185 of ITA 2007, as applied by the definition of “qualifying company" in paragraph 19(1) below, shall apply in relation to such an exchange of shares, or shares and securities, as is mentioned in sub-paragraph (1) above or arrangements with a view to such an exchange.
### Other reconstructions and amalgamations
##### 9
- (1) This paragraph applies if section 135 or 136 (company reconstructions) applies in relation to shares to which deferral relief, but not relief under Part 5 of ITA 2007 (or Chapter 3 of Part 7 of the Taxes Act), is attributable.
- (1A) Paragraphs 3 and 4 of this Schedule have effect as if section 135 or 136 did not apply in relation to the shares.
- (2) Sub-paragraph (1A) does not apply if—
- (a) the new holding consists of new ordinary shares (“the new 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 sub-paragraph (4) below is satisfied.
- (3) Sub-paragraph (1A) does not apply if paragraph 8 applies in relation to the shares.
- (4) 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 (as applied by paragraph 6 above) and in accordance with section 306 of the Taxes Act or sections 204 and 205 of ITA 2007 (as so applied).
- (5) In sub-paragraph (2) above “*new holding*” shall be construed in accordance with sections 126, 127, 135 and 136.
### Re-investment in same company etc.
##### 10
- (1) An individual to whom any eligible shares in a qualifying company are issued shall not be regarded for the purposes of this Schedule as making a qualifying investment if, where the asset disposed of consisted of shares in or securities of any company (“the initial holding"), the qualifying company—
- (a) is the company in which the initial holding subsisted; or
- (b) is a company that was, at the time of the disposal of the initial holding, or is, at the time of the issue of the eligible shares, a member of the same group of companies as the company in which the initial holding subsisted.
- (2) Where—
- (a) any eligible shares in a qualifying company (“the acquired holding") are issued to an individual,
- (b) an amount of qualifying expenditure on those shares has been set under this Schedule against the whole or part of any chargeable gain (the “postponed gain"), and
- (c) after the issue of those shares, eligible shares in a relevant company are issued to him,
he shall not be regarded in relation to the issue to him of the shares in the relevant company as making a qualifying investment for the purposes of this Schedule.
- (3) For the purposes of sub-paragraph (2) above a company is a relevant company if—
- (a) where that individual has disposed of any of the acquired holding, it is the company in which the acquired holding has subsisted or a company which was a member of the same group of companies as that company at any time since the acquisition of the acquired holding;
- (b) it is a company in relation to the disposal of any shares in which there has been a claim under this Schedule such that, without that claim, there would have been no postponed gain in relation to the acquired holding; or
- (c) it is a company which, at the time of the disposal or acquisition to which the claim relates, was a member of the same group of companies as a company falling within paragraph (b) above.
- (4) In this paragraph “*group of companies*” means a company which has one or more 51 per cent. subsidiaries, together with those subsidiaries.
### Pre-arranged exits
##### 11
- (1) Where an individual subscribes for eligible shares (“the shares") in a company, the shares shall be treated as not being eligible shares for the purposes of this Schedule if the relevant arrangements include—
- (a) arrangements with a view to the subsequent repurchase, exchange or other disposal of the shares or of other shares in or securities of the same company;
- (b) arrangements for or with a view to the cessation of any trade which is being or is to be or may be carried on by the company or a person connected with the company;
- (c) arrangements for the disposal of, or of a substantial amount of, the assets of the company or of a person connected with the company;
- (d) arrangements the main purpose of which, or one of the main purposes of which, is (by means of any insurance, indemnity or guarantee or otherwise) to provide partial or complete protection for persons investing in shares in that company against what would otherwise be the risks attached to making the investment.
- (2) The arrangements referred to in sub-paragraph (1)(a) above do not include any arrangements with a view to such an exchange of shares, or shares and securities, as is mentioned in paragraph 8(1) above.
- (3) The arrangements referred to in sub-paragraph (1)(b) and (c) above do not include any arrangements applicable only on the winding up of a company except in a case where—
- (a) the relevant arrangements include arrangements for the company to be wound up; or
- (b) the company is wound up otherwise than for bona fide commercial reasons.
- (4) The arrangements referred to in sub-paragraph (1)(d) above do not include any arrangements which are confined to the provision—
- (a) for the company itself, or
- (b) in the case of a company which is a parent company of a trading group, for the company itself, for the company itself and one or more of its subsidiaries or for one or more of its subsidiaries,
of any such protection against the risks arising in the course of carrying on its business as it might reasonably be expected so to provide in normal commercial circumstances.
- (5) The reference in sub-paragraph (4) above to the parent company of a trading group
- (a) shall be construed in accordance with the provision contained for the purposes of section 293 of the Taxes Act in that section, or
- (b) is a reference to a company that meets the trading requirement in section 181(2)(b) of ITA 2007.
- (6) In this paragraph “*the relevant arrangements*” means—
- (a) the arrangements under which the shares are issued to the individual; and
- (b) any arrangements made before the issue of the shares to him in relation to or in connection with that issue.
### Put options and call options
##### 12
- (1) Sub-paragraph (2) below applies where an individual subscribes for eligible shares (“the shares") in a company and—
- (a) an option, the exercise of which would bind the grantor to purchase such shares, is granted to the individual during the relevant period; or
- (b) an option, the exercise of which would bind the individual to sell such shares, is granted by the individual during the relevant period.
- (2) The shares to which the option relates shall be treated for the purposes of this Schedule—
- (a) if the option is granted on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the option is granted after that date, as ceasing to be eligible shares on the date when the option is granted.
- (3) The shares to which the option relates shall be taken to be those which, if—
- (a) the option were exercised immediately after the grant, and
- (b) any shares in the company acquired by the individual after the grant were disposed of immediately after being acquired,
would be treated for the purposes of this Schedule as disposed of in pursuance of the option.
- (4) Nothing in this paragraph shall prejudice the operation of paragraph 11 above.
- (5) An individual who acquires any eligible shares on a disposal within marriage or civil partnership shall be treated for the purposes of this paragraph and paragraphs 13 to 15 below as if he subscribed for those shares.
### Value received by investor
##### 13
- (1) Where an individual who subscribes for eligible shares (“the shares") in a company receives any value (other than insignificant value) from the company at any time in the period of restriction, the shares shall be treated as follows for the purposes of this Schedule—
- (a) if the individual receives the value on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the individual receives the value after that date, as ceasing to be eligible shares on the date when the value is received.
- (1A) This paragraph is subject to paragraph 13B below.
- (1B) Where—
- (a) the individual who subscribes for the shares receives value (“*the relevant receipt*”) from the company during the period of restriction,
- (b) the individual 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) above is not an amount of insignificant value,
the individual shall be treated for the purposes of this Schedule as if the relevant receipt had been a receipt of an amount of value equal to the aggregate amount.
For this purpose a receipt does not fall within paragraph (b) above if it has previously been aggregated under this sub-paragraph.
- (2) For the purposes of this paragraph an individual receives value from the company if the company—
- (a) repays, redeems or repurchases any of its share capital or securities which belong to the individual or makes any payment to him for giving up his 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 individual 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 individual any payment for giving up his right to any debt on its extinguishment;
- (d) releases or waives any liability of the individual to the company or discharges, or undertakes to discharge, any liability of his to a third person;
- (e) makes a loan or advance to the individual which has not been repaid in full before the issue of the shares;
- (f) provides a benefit or facility for the individual;
- (g) disposes of an asset to the individual 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 individual 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 individual other than a qualifying payment.
- (3) For the purposes of sub-paragraph (2)(e) above there shall be treated as if it were a loan made by the company to the individual—
- (a) the amount of any debt (other than an ordinary trade debt) incurred by the individual to the company; and
- (b) the amount of any debt due from the individual to a third person which has been assigned to the company.
- (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) For the purposes of this paragraph an individual also receives value from the company if any person who would, for the purposes of section 291 of the Taxes Act or Chapter 2 of Part 5 of ITA 2007, be treated as connected with the company—
- (a) purchases any of its share capital or securities which belong to the individual; or
- (b) makes any payment to him for giving up any right in relation to any of the company’s share capital or securities.
- (6) Where an individual’s disposal of shares in a company gives rise to a chargeable event falling within paragraph 3(1)(a) or (b) above, the individual shall not be treated for the purposes of this paragraph as receiving value from the company in respect of the disposal.
- (7) 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 individual to whom the payment is made in the performance of duties as an officer or emplyee 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;
- (i) a payment in discharge of an ordinary trade debt.
- (8) For the purposes of this paragraph a company shall 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.
- (9) 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.
- (10) In this paragraph and paragraph 13A(1) below—
- (a) any reference to a payment or disposal to an individual includes a reference to a payment or disposal made to him indirectly or to his order or for his benefit;
- (b) any reference to an individual includes a reference to an associate of his; and
- (c) any reference to a company includes a reference to a person who at any time in the relevant period is connected with the company, whether or not he is so connected at the material time.
- (11) 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.
- (12) In paragraphs 13A to 13C below (except paragraph 13C(4))—
- (a) references to “*the shares*” shall be construed in accordance with sub-paragraph (1) above, and
- (b) references to “*the period of restriction*” shall be construed as references to the period of restriction relating to the shares.
### Value received by other persons
##### 14
- (1) Sub-paragraph (2) below applies where an individual subscribes for eligible shares (“the shares") in a company and at any time in the period of restriction the company or any subsidiary—
- (a) repays, redeems or repurchases any of its share capital which belongs to any member other than the individual or a person falling within sub-paragraph (3) below, or
- (b) makes any payment (directly or indirectly) to any such member, or to his order or for his benefit, for the giving up of his right to any of the share capital of the company or subsidiary on its cancellation or extinguishment.
This is subject to paragraphs 14AA and 14A below.
- (2) The shares shall be treated for the purposes of this Schedule—
- (a) if the repayment, redemption, repurchase or payment in question is made or effected on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if it is made or effected after that date, as ceasing to be eligible shares on the date when it is made or effected.
- (3) A person falls within this sub-paragraph if the repayment, redemption, repurchase or payment in question—
- (a) gives rise to a qualifying chargeable event in respect of him, or
- (b) causes any relief under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 attributable to his shares in the company to be withdrawn or reduced by virtue of section 299 or 300(2)(a) of the Taxes Act or section 209 or 216(2)(a) of ITA 2007, or
- (c) causes any investment relief attributable to shares held by that person (within the meaning of Schedule 15 to the Finance Act 2000) to be withdrawn or reduced by virtue of paragraph 46 (disposal of shares) or 49(1)(a) (repayment etc. of share capital or securities) of that Schedule
or it would have the effect mentioned in paragraph (a), (b) or (c) above were it not a receipt of insignificant value for the purposes of paragraph 13 above, section 300 of the Taxes Act or 214 of ITA 2007 or paragraph 47 of Schedule 15 to the Finance Act 2000, as the case may be.
- (4) In sub-paragraph (3) above “*qualifying chargeable event*” means—
- (a) a chargeable event falling within paragraph 3(1)(a) or (b) above; or
- (b) a chargeable event falling within paragraph 3(1)(e) above by virtue of sub-paragraph (1)(b) of paragraph 13 above (as it applies by virtue of sub-paragraph (2)(a) of that paragraph).
- (5) Where—
- (a) a company issues share capital (“the original shares") of nominal value equal to the authorised minimum (within the meaning of the Companies Act 2006) for the purposes of complying with the requirements of section 761 of that Act (public company: requirement as to minimum share capital); and
- (b) after the registrar of companies has issued the company with a certificate under section 761, it issues eligible shares,
the preceding provisions of this paragraph shall not apply in relation to any redemption of any of the original shares within 12 months of the date on which those shares were issued.
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (7) References in this paragraph and paragraphs 14AA and 14A below to a subsidiary of a company are references to a company which at any time in the relevant period is a 51 per cent. subsidiary of the first mentioned company, whether or not it is such a subsidiary at the time of the repayment, redemption, repurchase or payment in question.
### Investment-linked loans
##### 15
- (1) Where at any time in the relevant period an investment-linked loan is made by any person to an individual who subscribes for eligible shares (“the shares") in a company, the shares shall be treated for the purposes of this Schedule—
- (a) if the loan is made on or before the date of the issue of the shares, as never having been eligible shares; and
- (b) if the loan is made after that date, as ceasing to be eligible shares on the date when the loan is made.
- (2) A loan made by any person to an individual is an investment-linked loan for the purposes of this paragraph if the loan is one which would not have been made, or would not have been made on the same terms, if the individual had not subscribed for the shares or had not been proposing to do so.
- (3) References in this paragraph to the making by any person of a loan to an individual include references—
- (a) to the giving by that person of any credit to that individual; and
- (b) to the assignment or assignation to that person of any debt due from that individual.
- (4) In this paragraph any reference to an individual includes a reference to an associate of his.
### Information
##### 16
- (1) Where, in relation to any of the relevant shares held by an individual—
- (a) a chargeable event falling within paragraph 3(1)(a) or (b) above occurs at any time before the termination date relating to those shares,
- (b) a chargeable event falling within paragraph 3(1)(c) or (d) above occurs, or
- (c) a chargeable event falling within paragraph 3(1)(e) above occurs by virtue of paragraph 12(2)(b), 13(1)(b) or 15(1)(b) above,
the individual shall within 60 days of his coming to know of the event give a notice to the inspector containing particulars of the circumstances giving rise to the event.
- (2) Where, in relation to any of the relevant shares in a company, a chargeable event falling within paragraph 3(1)(e) above occurs by virtue of paragraph 1A(1) or (2), 13(1)(b) or 14(2)(b) above—
- (a) the company, and
- (b) any person connected with the company who has knowledge of that matter,
shall within 60 days of the event or, in the case of a person within paragraph (b) above, of his coming to know of it, give a notice to the inspector containing particulars of the circumstances giving rise to the event.
- (2A) In determining, for the purposes of sub-paragraph (1) or (2) above, whether a chargeable event falling within paragraph 3(1)(e) above has occurred by virtue of paragraph 13(1)(b) above, the effect of paragraph 13B above shall be disregarded.
- (3) A chargeable event falling within paragraph 3(1)(e) above which, but for paragraph 1A(5) above, would occur at any time by virtue of paragraph 1A(1) or (2) above shall be treated for the purposes of sub-paragraph (2) above as occurring at that time.
- (3A) Where—
- (a) a person is required to give a notice under sub-paragraph (1) or (2) above in respect of a chargeable event which occurs by virtue of paragraph 13(1)(b) above or would occur by virtue of that paragraph but for the operation of paragraph 13B above, and
- (b) that person has knowledge of the replacement value received (or expected to be received) from the original recipient by the original supplier by reason of a qualifying receipt,
the notice shall include particulars of that receipt of the replacement value (or expected receipt).
In this sub-paragraph “*the replacement value*”, “*the original recipient*”, “*the original supplier*” and “*qualifying receipt*” shall be construed in accordance with paragraph 13B above.
- (4) Where a company has issued a certificate under section 306(2) of the Taxes Act or section 203(1) of ITA 2007 (as applied by paragraph 6 above) in respect of any eligible shares in the company, and the condition in paragraph 1(2)(g) above is not satisfied in relation to the shares—
- (a) the company, and
- (b) any person connected with the company who has knowledge of that matter,
shall within 60 days of the time mentioned in section 289(3) of the Taxes Act or section 175(3) of ITA 2007 or, in the case of a person within paragraph (b) above, of his coming to know that the condition is not satisfied, give notice to the inspector setting out the particulars of the case.
- (4A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (5) If the inspector has reason to believe—
- (a) that a person has not given a notice which he is required to give—
- (i) under sub-paragraph (1) or (2) above in respect of any chargeable event, or
- (ii) under sub-paragraph (4) above in respect of any particular case, or
- (b) that a person has given or received value (within the meaning of paragraph 13(2) or (5) above) which, but for the fact that the amount given or received was an amount of insignificant value (within the meaning of paragraph 13A(3) above), would have triggered a requirement to give a notice under sub-paragraph (1) or (2) above, or
- (c) that a person has made or received any repayment (within the meaning of paragraph 14AA(2) above) which, but for the fact that it falls to be disregarded for the purposes of paragraph 14 above by virtue of paragraph 14AA(1) above, would have triggered a requirement to give a notice under sub-paragraph (2) above,
the inspector may by notice require that person to furnish him within such time (not being less than 60 days) as may be specified in the notice with such information relating to the event or case as the inspector may reasonably require for the purposes of this Schedule.
- (6) Where a claim is made under this Schedule in respect of shares in a company and the inspector has reason to believe that it may not be well founded by reason of any such arrangements as are mentioned in paragraphs 1(2)(d), 11(1) or 11A above, or section 289(1D) or (9)(e), 289A(8)(b) or (8A), 293(4B), (6) or (8) or 308(2)(e), (3), (3A) or (4) of the Taxes Act or section 176(4)(b) or (5)(b), 182(2) or (4), 183(6), 185(1), 190(1)(e) or 191(2)(c), (3), (4) or (5) of ITA 2007, he may by notice require any person concerned to furnish him within such time (not being less than 60 days) as may be specified in the notice with—
- (a) a declaration in writing stating whether or not, according to the information which that person has or can reasonably obtain, any such arrangements exist or have existed;
- (b) such other information as the inspector may reasonably require for the purposes of the provision in question and as that person has or can reasonably obtain.
- (7) For the purposes of sub-paragraph (6) above, the persons who are persons concerned are—
- (a) in relation to paragraph 1(2)(d) above or section 293(4B) or (6) of the Taxes Act or section 182(2) or (4) of ITA 2007, the claimant, the company and any person controlling the company;
- (aa) in relation to section 289(1D), 289A(8)(b) or (8A) or 308(3), (3A) or (4) of the Taxes Act or section 176(4)(b) or (5)(b), 183(6) or 191(3), (4) or (5) of ITA 2007, the claimant, the company, any other company in question and any person controlling the company or any other company in question;
- (b) in relation to paragraph 11(1) above, the claimant, the company and any person connected with the company; ...
- (ba) in relation to paragraph 11A, the claimant, the company, any person controlling the company and any person whom an officer of Revenue and Customs has reason to believe may be a party to the arrangements in question; and
- (c) in relation to section 289(9)(e), 293(8) or 308(2)(e) of the Taxes Act or section 185(1), 190(1)(e) or 191(2)(c) of ITA 2007, the company and any person controlling the company;
and for those purposes the references in paragraphs (a), (aa), (b) and (ba) above to the claimant include references to any person to whom the claimant appears to have made a disposal within marriage or civil partnership of any of the shares in question.
- (7A) The references in sub-paragraphs (6) and (7) above to subsections (3), (3A) and (4) of section 308 of the Taxes Act and subsections (3), (4) and (5) of section 191 of ITA 2007 are to be read as including those provisions as applied by section 289(10) and (11) of the Taxes Act or section 190(2) of ITA 2007.
- (8) Where deferral relief is attributable to shares in a company—
- (a) any person who receives from the company any payment or asset which may constitute value received (by him or another) for the purposes of paragraph 13 above, and
- (b) any person on whose behalf such a payment or asset is received,
shall, if so required by the inspector, state whether the payment or asset received by him or on his behalf is received on behalf of any person other than himself and, if so, the name and address of that person.
- (9) Where a claim has been made under this Schedule in relation to shares in a company, any person who holds or has held shares in the company and any person on whose behalf any such shares are or were held shall, if so required by the inspector, state—
- (a) whether the shares which are or were held by him or on his behalf are or were held on behalf of any person other than himself; and
- (b) if so, the name and address of that person.
- (10) No obligation as to secrecy imposed by statute or otherwise shall preclude the inspector from disclosing to a company that relief has been given or claimed in respect of a particular number or proportion of its shares.
### Trustees: general
##### 17
- (1) Subject to the following provisions of this paragraph, this Schedule shall apply as if—
- (a) any reference to an individual included a reference to the trustees of a settlement, and
- (b) in relation to any such trustees, the reference in paragraph 1(1) above to any asset were a reference to any asset comprised in any settled property to which this paragraph applies (a “trust asset").
- (2) This paragraph applies—
- (a) to any settled property in which the interests of the beneficiaries are not interests in possession, if all the beneficiaries are individuals, and
- (b) to any settled property in which the interests of the beneficiaries are interests in possession, if any of the beneficiaries are individuals.
- (3) If, at the time of the disposal of the trust asset in a case where this Schedule applies by virtue of this paragraph—
- (a) the settled property comprising that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, but
- (b) not all the beneficiaries are individuals,
only the relevant proportion of the gain which would accrue to the trustees on the disposal shall be taken into account for the purposes of this Schedule as it so applies.
- (4) This Schedule shall not apply by virtue of this paragraph in a case where, at the time of the disposal of the trust asset, the settled property which comprises that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(a) above unless, immediately after the acquisition of the relevant shares, the settled property comprising the shares is also property to which this paragraph applies by virtue of sub-paragraph (2)(a) above.
- (5) This Schedule shall not apply by virtue of this paragraph in a case where, at the time of the disposal of the trust asset, the settled property which comprises that asset is property to which this paragraph applies by virtue of sub-paragraph (2)(b) above unless, immediately after the acquisition of the relevant shares—
- (a) the settled property comprising the shares is also property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, and
- (b) if not all the beneficiaries are individuals, the relevant proportion is not less than the proportion which was the relevant proportion at the time of the disposal of the trust asset.
- (6) If, at any time, in the case of settled property to which this paragraph applies by virtue of sub-paragraph (2)(b) above, both individuals and others have interests in possession, “the relevant proportion" at that time is the proportion which the amount specified in paragraph (a) below bears to the amount specified in paragraph (b) below, that is—
- (a) the total amount of the income of the settled property, being income the interests in which are held by beneficiaries who are individuals, and
- (b) the total amount of all the income of the settled property.
- (7) Where, in the case of any settled property in which any beneficiary holds an interest in possession, one or more beneficiaries (“the relevant beneficiaries") hold interests not in possession, this paragraph shall apply as if—
- (a) the interests of the relevant beneficiaries were a single interest in possession, and
- (b) that interest were held, where all the relevant beneficiaries are individuals, by an individual and, in any other case, by a person who is not an individual.
- (8) In this paragraph references to interests in possession do not include interests for a fixed term and, except in sub-paragraph (1), references to individuals include any charity.
### Trustees: anti-avoidance
##### 18
- (1) Paragraphs 13 to 13C and 15 above shall have effect in relation to the subscription for shares by the trustees of a settlement as if references to the individual subscribing for the shares were references to—
- (a) those trustees;
- (b) any individual or charity by virtue of whose interest, at a relevant time, paragraph 17 above applies to the settled property; or
- (c) any associate of such an individual, or any person connected with such a charity.
- (2) The relevant times for the purposes of sub-paragraph (1)(b) above are the time when the shares are issued and—
- (a) in a case where sub-paragraph (1) of paragraph 13 above applies, or that sub-paragraph would apply were it not for the fact that the amount of value is an amount of insignificant value for the purposes of that sub-paragraph, the time when the value is received;
- (ab) in a case where paragraph 13(1) above would apply were it not for the operation of paragraph 13B above, the time when the original value (within the meaning of paragraph 13B above) in question is received;
- (b) in a case where paragraph 15 above applies, the time when the loan is made.
### Interpretation
##### 19
- (1) For the purposes of this Schedule—
- “*51 per cent. subsidiary*” has the meaning given by Chapter 3 of Part 24 of CTA 2010;
- “*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;
- “*bonus shares*” means shares which are issued otherwise than for payment (whether in cash or otherwise);
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*eligible shares*” has the meaning given by section 289(7) of the Taxes Act or means shares that meet the requirement in section 173 (2) of ITA 2007;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*non-resident*” means a person who is neither resident nor ordinarily resident in the United Kingdom;
- “*ordinary share capital*” has the meaning given by section 989 of ITA 2007;
- “*ordinary shares*”, in relation to a company, means shares forming part of its ordinary share capital;
- “*the period of restriction*”, in relation to any shares, means the period— beginning one year before the shares are issued, andending immediately before the termination date relating to the shares;
- “*qualifying business activity*” has the meaning given by section 289(2) of the Taxes Act or section 179 of ITA 2007;
- “*qualifying company*”, in relation to any eligible shares, means a company which, in relation to those shares, is— a qualifying company for the purposes of Chapter 3 of Part 7 of the Taxes Act (except that for the purposes of this Schedule the reference in section 293(1B)(b)(i) of that Act to section 304A of that Act shall be read as a reference to paragraph 8 above), ora qualifying company for the purposes of Part 5 of ITA 2007 (except that for the purposes of this Schedule the reference in section 184(1)(c)(i) of that Act to section 247 of that Act shall be read as a reference to paragraph 8 above).
- “*the relevant period*”, in the case of any shares, 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 that issued the shares and by reference to the shares;
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- “*termination date*”, in relation to any shares, means the date found by applying the definition of “termination date” in section 312(1) of the Taxes Act or section 256 of ITA 2007 by reference to the company that issued the shares and by reference to the shares.
- (1A) For the purposes of this Schedule, “*the relevant shares*”, in relation to a case to which this Schedule applies, means the shares which—
- (a) are acquired by the investor in making the qualifying investment, and
- (b) where the qualifying investment is made before the time at which the original gain accrues, are still held by the investor at that time.
This is subject to sub-paragraphs (1B) and (1D) below.
- (1B) If any corresponding bonus shares in the same company are issued to the investor or any person who has acquired any of the relevant shares from the investor on a disposal within marriage or civil partnership, this Schedule shall apply as if references to the relevant shares were to all the shares comprising the relevant shares and the bonus shares so issued.
- (1C) In sub-paragraph (1B) above “*corresponding bonus shares*” means bonus shares which—
- (a) are issued in respect of the relevant shares; and
- (b) are of the same class, and carry the same rights, as those shares.
- (1D) If, in circumstances in which paragraph 8 above applies, new shares are issued in exchange for old shares, references in this Schedule to the relevant shares, so far as they relate to the old shares, shall be construed as references to the new shares and not to the old shares.
- (1E) In sub-paragraph (1D) above “*new shares*” and “*old shares*” have the same meaning as in paragraph 8 above.
- (2) For the purposes of this Schedule, “*deferral relief*” is attributable to any shares if—
- (a) expenditure on the shares has been set under this Schedule 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 this Schedule.
- (3) In this Schedule—
- (a) references (however expressed) to an issue of eligible shares in any company are to any eligible shares in the company that are of the same class and are issued on the same day;
- (b) references to a disposal within marriage or civil partnership are references to any disposal to which section 58 applies; ...
- (c) references 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; and
- (d) references 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 on or after 6th April 2007.
- (4) For the purposes of this Schedule shares in a company shall not be treated as being of the same class unless they would be so treated if dealt with on the Stock Exchange.
- (5) Notwithstanding anything in section 288(5), shares shall not for the purposes of this Schedule be treated as issued by reason only of being comprised in a letter of allotment or similar instrument.
## SCHEDULE 7AA
### Introductory
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Restriction on setting off losses
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Adjustment of pre-entry gains
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Meaning of “qualifying losses"
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for disposal of pooled assets
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for losses on disposal of certain assets acquired at different times
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Special rule for gains and losses on deemed annual disposal
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 31A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 150D
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 284A
- (1) This section applies where—
- (a) a person (“*the original taxpayer*”) has at any time obtained for any chargeable period (“*the first chargeable period*”) the benefit of any capital gains relief to which he had no statutory entitlement;
- (b) the benefit of the relief was obtained in reliance on any concession;
- (c) the concession was first published by the Board before 9th March 1999 or (having been published on or after that date) replaced a concession satisfying the requirements of this paragraph with a concession to the same or substantially the same effect; and
- (d) the concession involved the application (with or without modifications), to a case to which they would not otherwise have applied, of the provisions of any enactment (“*the relevant statutory provisions*”).
- (2) This section applies only if, at the time when the original taxpayer obtained the benefit of the relief, the concession was one available generally to any person falling within its terms.
- (3) If the benefit obtained for the first chargeable period by the original taxpayer is repudiated for any later chargeable period (whether by the original taxpayer or by another person), the enactments relating to the taxation of chargeable gains shall have effect as if a chargeable gain equal to the amount of that benefit accrued in the later chargeable period to the person repudiating the benefit.
- (4) For the purposes of this section—
- (a) a capital gains relief for any chargeable period is a relief (of whatever description) the effect of which is that the amount of the chargeable gains taken to have accrued to that person in that period is less than it otherwise would have been; and
- (b) the amount of the benefit of any such relief is the amount by which, as a consequence of that relief, those gains are less than they otherwise would have been.
- (5) Where, without applying a specific enactment, any concession has the effect that—
- (a) any asset is treated as the same as another asset and as acquired as the other asset was acquired,
- (b) any two or more assets are treated as a single asset, or
- (c) any disposal is treated as having been a disposal on which neither a gain nor a loss accrued,
that concession shall be assumed for the purposes of this section to have involved the application, to a case to which it would not otherwise have applied, of the provisions of an enactment to the corresponding effect.
- (6) For the purposes of this section the benefit of any relief obtained by the original taxpayer for the first chargeable period is repudiated by a person for a later chargeable period if—
- (a) circumstances arise such that, had the equivalent circumstances arisen in the case of the corresponding relief under the relevant statutory provisions, the whole or a part of the benefit of that relief would have fallen to be recouped from that person in the later chargeable period;
- (b) apart from this section, the recoupment in the actual circumstances of the whole or a part of the benefit obtained by the original taxpayer is prevented by the fact that the original taxpayer relied on a concession (rather than on the relevant statutory provisions) to obtain that benefit; and
- (c) the person from whom, in the equivalent circumstances, the amount of the benefit or any part of it would have fallen to be recouped is not precluded by subsection (8) below from relying on that fact in relation to that amount or part.
- (7) For the purposes of this section an amount of the benefit of a capital gains relief is recouped from any person in a chargeable period to the extent that an amount is so brought into account in his case for that period as to secure that—
- (a) the amount of his chargeable gains for that period is taken to be more than it otherwise would have been by an amount directly or indirectly representing the whole or a part of the amount of the benefit; or
- (b) the amount of his allowable losses for that period is taken to be less than it otherwise would have been by an amount directly or indirectly representing the whole or a part of the amount of the benefit.
- (8) Where—
- (a) any such circumstances as are mentioned in subsection (6)(a) above have arisen in relation to the relief the benefit of which has been obtained by the original taxpayer,
- (b) the person from whom, in the equivalent circumstances, the whole or any part of the amount of the benefit would have fallen to be recouped has accepted that, in the actual circumstances, the whole or a part of the benefit obtained by the original taxpayer may be recouped from him, and
- (c) that acceptance is indicated in writing to the Board (whether by the making or amendment of a self-assessment or otherwise),
that person’s rights subsequently to amend, appeal against or otherwise challenge any assessment shall not be exercised in any manner inconsistent with his acceptance of that matter (which shall be irrevocable).
- (9) In this section “*concession*” includes any practice, interpretation or other statement in the nature of a concession.
##### 284B
- (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) The total amount of chargeable gains that are treated as accruing to any person under subsection (3) of section 284A in respect of any such benefit as is referred to in that subsection shall not exceed the amount of that benefit.
- (3) Where, after any assessment to tax has been made on the basis that any chargeable gain is treated as having accrued to any person under section 284A(3)—
- (a) the person assessed, within any of the periods allowed by subsection (4) below, gives an indication for the purposes of section 284A(8), or
- (b) a final determination of the original taxpayer’s liability to tax for the first chargeable period is made on the basis that the original taxpayer did not, or was not entitled to, rely on the concession in question,
all such adjustments shall be made (whether by way of assessment, amendment of an assessment, repayment of tax or otherwise) as are necessary to secure that no person is subjected to any greater liability by virtue of section 284A(3) than he would have been had the indication been given, or the final determination made, before the making of the assessment.
- (4) The periods allowed by this subsection are—
- (a) the period of twelve months beginning with the making of the assessment;
- (b) the period within which the person is entitled to amend his self-assessment or company tax return for the chargeable period in which the chargeable gain under section 284A(3) is treated as having accrued to him;
- (c) where the person makes a claim for any further relief against the amount that may be recouped from him by virtue of his indication under section 284A(8), the period allowed for making that claim.
- (5) Subsection (3) above has effect notwithstanding any time limits relating to the making or amendment of an assessment for any chargeable period.
## SCHEDULE 5BA
### Application of Schedule
##### 1
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Taper relief on revived gains
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Qualifying holding period
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Periods that do not count
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Gains on disposal of business or non-business assets
##### 5
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Savings
##### 6
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Relevant re-investment shares
##### 7
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Derivation of gains
##### 8
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Interpretation
##### 9
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 76A
Schedule 4A to this Act has effect with respect to disposals for consideration of an interest in settled property.
##### 76B
Schedule 4B to this Act has effect with respect to transfers of value by trustees that are, in accordance with the Schedule, treated as linked with trustee borrowing.
##### 79A
- (1) This section applies to a chargeable gain accruing to the trustees of a settlement where—
- (a) in computing the gain, the allowable expenditure is reduced in consequence, directly or indirectly, of a claim to gifts relief in relation to an earlier disposal to the trustees;
- (b) the transferor on that earlier disposal, or any person connected with the transferor, has at any time—
- (i) acquired an interest in the settled property, or
- (ii) entered into an arrangement to acquire such an interest; and
- (c) in connection with that acquisition or arrangement any person has at any time received, or become entitled to receive, any consideration.
- (2) Where this section applies to a chargeable gain, no allowable losses accruing to the trustees (in the year in which the gain accrues or any earlier year) may be set against the gain.
This applies to the whole of the chargeable gain (and not just the element deferred as a result of the claim to gifts relief).
- (3) In this section—
- (a) “*gifts relief*” means relief under section 165 or 260; and
- (b) references to losses not being allowed to be set against a chargeable gain are to the losses not being allowed as a deduction against chargeable gains to the extent that they include that gain.
- (4) The references in subsection (1)(b) above to an interest in settled property have the same meaning as in Schedule 4A.
##### 79B
- (1) This section applies where the trustees of a settlement are participators—
- (a) in a close company, or
- (b) in a company that is not resident in the United Kingdom but would be a close company if it were resident in the United Kingdom.
For this purpose “*participator*” has the same meaning as in section 13.
- (2) Where this section applies, nothing in any double taxation relief arrangements shall be read as preventing a charge to tax arising by virtue of the attribution to the trustees under section 13, by reason of their participation in the company mentioned in subsection (1) above, of any part of a chargeable gain accruing to a company that is not resident in the United Kingdom.
- (3) Where this section applies and—
- (a) a chargeable gain accrues to a company that is not resident in the United Kingdom but would be a close company if it were resident in the United Kingdom, and
- (b) all or part of the chargeable gain is treated under section 13(2) as accruing to a close company which is not chargeable to corporation tax in respect of the gain by reason of double taxation relief arrangements, and
- (c) had the company mentioned in paragraph (b) (and any other relevant company) not been resident in the United Kingdom, all or part of the chargeable gain would have been attributed to the trustees by reason of their participation in the company mentioned in subsection (1) above,
section 13(9) shall apply as if the company mentioned in paragraph (b) above (and any other relevant company) were not resident in the United Kingdom.
- (4) The references in subsection (3) above to “any other relevant company" are to any other company which if it were not resident in the United Kingdom would be a company in relation to which section 13(9) applied with the result that all or part of the chargeable gain was attributed to the trustees as mentioned in that subsection.
##### 85A
- (1) Schedule 4C to this Act has effect with respect to the attribution of gains to beneficiaries where there has been a transfer of value to which Schedule 4B applies.
- (2) Sections 86A to 95 have effect subject to the provisions of Schedule 4C.
- (2A) For the purposes of sections 87 to 89, no account is to be taken of any section 2(2) amount in a Schedule 4C pool (see paragraph 1 of Schedule 4C).
- (3) When calculating the section 2(2) amount for a settlement for a tax year (within the meaning of section 87), no account is to be taken of any chargeable gains or allowable losses accruing by virtue of Schedule 4B.
Nothing in this subsection affects any increase in a section 2(2) amount by virtue of paragraph 1(3A) or 7B(2)(b) of Schedule 4C.
- (4) No account shall be taken of any chargeable gains or allowable losses to which sections 87 to 89 apply in computing the gains or losses accruing by virtue of Schedule 4B.
##### 171A
- (1) This section applies where—
- (a) a chargeable gain or an allowable loss accrues to a company (“company A”) in respect of an asset (or would so accrue but for an election under this section),
- (b) at the time of accrual, company A and another company (“company B”) are members of the same group, and
- (c) had company A disposed of the asset to company B immediately before the time of accrual, section 171(1) would have applied.
- (2) In determining for the purposes of subsection (1)(c) whether subsection (1) of section 171 would have applied, it is to be assumed that subsection (1A)(b) of that section read—
> (b) that, at the time of the disposal, company B is resident in the United Kingdom, or carrying on a trade in the United Kingdom through a permanent establishment there.
- (3) In this section “*the time of accrual*” means the time the chargeable gain or allowable loss accrues to company A (or would so accrue but for an election under this section).
- (4) Companies A and B may make a joint election to transfer the chargeable gain or allowable loss, or such part of it as is specified in the election, from company A to company B (but see subsection (4A)).
- (4A) An election may not be made under this section to transfer the whole or part of a ring fence chargeable gain from a company carrying on a ring fence trade to a company not carrying on such a trade.
- (4B) In subsection (4A)—
- “*ring fence chargeable gain*”, in relation to a company, means—a chargeable gain accruing to the company on a material disposal within the meaning of section 197 (disposals of interests in oil fields etc: ring fence provisions), ora chargeable gain treated as accruing to the company by virtue of section 197(4);
- “*ring fence trade*” has the same meaning as in Part 8 of CTA 2010 (see section 277 of that Act).
- (5) An election under this section must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) no later than two years after the end of the accounting period of company A in which the time of accrual falls.
- (6) An election, or two or more elections made simultaneously, is or are of no effect if, taken together with each earlier election (if any) made in respect of the same gain or loss, it or they would (apart from this subsection) have effect in relation to an amount exceeding the gain or loss.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) For the effect of an election under this section, see section 171B.
### Share incentive plans
##### 236A
Schedule 7C (which makes provision for roll-over relief where shares are transferred to an approved share incentive plan) shall have effect.
### Qualifying shareholdings in joint venture companies
##### 23
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 4A
### Circumstances in which this Schedule applies
##### 1
This Schedule applies where there is a disposal of an interest in settled property for consideration.
### Meaning of “interest in settled property”
##### 2
- (1) For the purposes of this Schedule an “interest in settled property” means any interest created by or arising under a settlement.
- (2) This includes any right to, or in connection with, the enjoyment of a benefit—
- (a) created by or arising directly under a settlement, or
- (b) arising as a result of the exercise of a discretion or power—
- (i) by the trustees of a settlement, or
- (ii) by any person in relation to settled property.
### Meaning of “for consideration”
##### 3
- (1) For the purposes of this Schedule a disposal is “for consideration” if consideration is given or received by any person for, or otherwise in connection with, any transaction by virtue of which the disposal is effected.
- (2) In determining for the purposes of this Schedule whether a disposal is for consideration there shall be disregarded any consideration consisting of another interest under the same settlement that has not previously been disposed of by any person for consideration.
- (3) In this Schedule “consideration” means actual consideration, as opposed to consideration deemed to be given by any provision of this Act.
### Deemed disposal of underlying assets
##### 4
- (1) Where this Schedule applies and the following conditions are met—
- (a) the condition as to UK residence of the trustees (see paragraph 5),
- (b) the condition as to UK residence of the settlor (see paragraph 6), and
- (c) the condition as to settlor interest in the settlement (see paragraph 7),
the trustees of the settlement are treated for all purposes of this Act as disposing of and immediately reacquiring the relevant underlying assets.
This is referred to below in this Schedule as the “deemed disposal”.
- (2) In paragraphs 5, 6 and 7 “the relevant year of assessment” means the year of assessment in which the disposal of the interest in settled property is made.
- (3) The deemed disposal is treated as taking place when the disposal of the interest in settled property is made.
This is subject to paragraph 13(3)(a) where the beginning of the disposal and its effective completion fall in different years of assessment.
### Condition as to UK residence of trustees
##### 5
- (1) The condition as to UK residence of the trustees is that the trustees of the settlement were resident and ordinarily resident in the United Kingdom during any part of the year.
- (2) For this purpose the trustees shall not be regarded as resident and ordinarily resident in the United Kingdom at any time when they fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom.
- (3) This paragraph has effect subject to paragraph 13(3)(b) where the beginning of the disposal and its effective completion fall in different years of assessment.
### Condition as to UK residence of settlor
##### 6
- (1) The condition as to UK residence of the settlor is that in the relevant year of assessment, or any of the previous five years of assessment, a person who is a settlor in relation to the settlement either—
- (a) was resident in the United Kingdom during the whole or part of the year, or
- (b) was ordinarily resident in the United Kingdom during the year.
- (2) Sub-paragraph (1) has effect subject to paragraph 13(3)(c) where the beginning of the disposal and its effective completion fall in different years of assessment.
- (3) No account shall be taken for the purposes of this paragraph of any year of assessment before the year 1999-00.
### Condition as to settlor interest in the settlement
##### 7
- (1) The condition as to settlor interest in the settlement is that at any time in the relevant period the settlement—
- (a) was a settlor-interested settlement, or
- (b) comprised property derived, directly or indirectly, from a settlement that at any time in that period was a settlor-interested settlement.
- (2) The relevant period for this purpose is the period—
- (a) beginning two years before the beginning of the relevant year of assessment, and
- (b) ending with the date of the disposal of the interest in settled property.
This is subject to paragraph 13(3)(d) where the beginning of the disposal and its effective completion fall in different years of assessment.
- (3) The relevant period shall not be treated as beginning before 6th April 1999.
If the rule in sub-paragraph (2) (or, where relevant, that in paragraph 13(3)(d)) would produce that result, the relevant period shall be treated as beginning on that date.
- (4) For the purposes of this paragraph a “settlor-interested settlement” means a settlement in which a person who is a settlor in relation to the settlement has an interest or had an interest at any time in the relevant period.
The provisions of section 169F(2) to (6) apply to determine for the purposes of this paragraph whether a settlor has (or had) an interest in the settlement.
- (5) The condition as to settlor interest in the settlement is treated as not met in a year of assessment—
- (a) where the settlor dies during the year, ...
- (b) in a case where the settlor is regarded as having an interest in the settlement by reason only of—
- (i) the fact that property is, or will or may become, payable to or applicable for the benefit of his spouse or civil partner, or
- (ii) the fact that a benefit is enjoyed by his spouse or civil partner,
where the spouse or civil partner dies, or the settlor and the spouse or civil partner cease to be married or to be civil partners of each other, during the year, or
- (c) in a case where the settlor is regarded as having an interest in a settlement by reason only of—
- (i) the fact that property is, or will or may become, payable to or applicable for the benefit of a dependent child of his, or
- (ii) the fact that a benefit is enjoyed by such a child,
where the settlor ceases during the year to have (and does not in that year subsequently come to have) any dependent child in relation to whom section 169F(3A)(a) or (b) applies.
### The relevant underlying assets
##### 8
- (1) Where the interest disposed of is a right in relation to a specific fund or other defined part of the settled property, the deemed disposal is of the whole or part of each of the assets comprised in that fund or part.
In any other case the deemed disposal is of the whole or part of each of the assets comprised in the settled property.
- (2) Where the interest disposed of is an interest in a specific fraction or amount of the income or capital of—
- (a) the settled property, or
- (b) a specific fund or other defined part of the settled property,
the deemed disposal is of a corresponding part of each of the assets comprised in the settled property or, as the case may be, each of the assets comprised in that fund or part.
In any other case the deemed disposal is of the whole of each of the assets so comprised.
- (3) Sub-paragraphs (1) and (2) have effect subject to paragraph 13(4)(a) where the identity of the underlying assets changes during the period between the beginning of the disposal and its effective completion.
- (4) Where part only of an asset is comprised in a specific fund or other defined part of the settled property, that part of the asset shall be treated for the purposes of this Schedule as if it were a separate asset.
### Character of deemed disposal
##### 9
- (1) The deemed disposal shall be taken—
- (a) to be for a consideration equal to the whole or, as the case may be, a corresponding part of the market value of each of the assets concerned, and
- (b) to be a disposal under a bargain at arm’s length.
- (2) Sub-paragraph (1)(a) shall be read with paragraph 13(4)(b) where the value of the assets changes during the period between the beginning of the disposal and its effective completion.
### Avoidance of double-counting
##### 10
- (1) The provisions of this paragraph have effect to prevent there being both a deemed disposal under this Schedule in relation to the disposal of an interest in settled property and a chargeable disposal of the interest itself.
A “chargeable disposal” means one in relation to which section 76(1) does not apply.
- (2) If there would be a chargeable gain on the disposal of the interest in the settlement, then—
- (a) if—
- (i) the chargeable gain on the disposal of the interest would be greater than the net chargeable gain on the deemed disposal, or
- (ii) there would be no net chargeable gain on the deemed disposal,
the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply and no chargeable gain is treated as accruing on the disposal of the interest in the settlement.
- (3) If there would be an allowable loss on the disposal of the interest in the settlement, then—
- (a) if there would be a greater net allowable loss on the deemed disposal, the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply and no allowable loss is treated as accruing on the disposal of the interest in the settlement.
- (4) If there would be neither a chargeable gain nor an allowable loss on the disposal of the interest in the settlement, then—
- (a) if there would be a net allowable loss on the deemed disposal, the provisions of this Schedule as to a deemed disposal do not apply; and
- (b) in any other case, the provisions of this Schedule as to a deemed disposal apply.
- (5) For the purposes of this paragraph—
- (a) there is a net chargeable gain on a deemed disposal if the aggregate of the chargeable gains accruing to the trustees in respect of the assets involved exceeds the aggregate of the allowable losses so accruing; and
- (b) there is a net allowable loss on a deemed disposal if the aggregate of the allowable losses accruing to the trustees in respect of the assets involved exceeds the aggregate of the chargeable gains so accruing.
### Recovery of tax from person disposing of interest
##### 11
- (1) This paragraph applies where chargeable gains accrue to the trustees on the deemed disposal and—
- (a) tax becomes chargeable on and is paid by the trustees in respect of those gains, or
- (b) a person who is a settlor in relation to the settlement recovers from the trustees under section 78 an amount of tax in respect of those gains.
- (2) The trustees are entitled to recover the amount of the tax referred to in sub-paragraph (1)(a) or (b) from the person who disposed of the interest in the settlement.
- (3) For this purpose the trustees may require an inspector to give that person a certificate specifying—
- (a) the amount of the gains in question, and
- (b) the amount of tax that has been paid.
Any such certificate shall be conclusive evidence of the facts stated in it.
### Meaning of “settlor”
##### 12
The provisions of paragraphs 7 and 8(1), (3), (6) and (7) of Schedule 5 (meaning of “settlor”) apply for the purposes of this Schedule as they apply for the purposes of section 86.
### Cases where there is a period between the beginning of the disposal and its effective completion
##### 13
- (1) This paragraph applies in a case where there is a period between the beginning of the disposal of an interest in settled property and the effective completion of the disposal.
- (2) For the purposes of this Schedule—
- (a) the beginning of the disposal is—
- (i) in the case of a disposal involving the exercise of an option, when the option is granted, and
- (ii) in any other case of a disposal under a contract, when the contract is entered into; and
- (b) the effective completion of the disposal means the point at which the person acquiring the interest becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the disposal.
- (3) Where this paragraph applies and the beginning of the disposal and its effective completion fall in different years of assessment—
- (a) the deemed disposal is treated as taking place in the year of assessment in which the disposal is effectively completed;
- (b) the condition in paragraph 5 (condition as to residence of trustees) is treated as met if it is met in relation to either of those years of assessment or any intervening year;
- (c) the condition in paragraph 6 (condition as to residence of settlor) is treated as met if it is met in relation to either or both of those years of assessment or any intervening year; and
- (d) the relevant period for the purposes of paragraph 7 (condition as to settlor interest) is the period—
- (i) beginning two years before the beginning of the first of those years of assessment, and
- (ii) ending with the effective completion of the disposal.
- (4) If the identity or value of the underlying assets changes during the period between the beginning of the disposal and its effective completion, the following provisions apply—
- (a) an asset is treated as comprised in the settled property and, where relevant, in any specific fund or other defined part of the settled property to which the deemed disposal relates if it is so comprised at any time in that period;
- (b) the market value of any asset for the purposes of the deemed disposal is taken to be its highest market value at any time during that period.
- (5) The provisions in sub-paragraph (4) do not apply to an asset if during that period it is disposed of by the trustees under a bargain at arm’s length and is not reacquired.
### Exception: maintenance funds for historic buildings
##### 14
If the trustees of a settlement have elected that 508 of ITA 2007 (trustees' election in respect of income arising from heritage maintenance property) shall have effect in the case of a settlement or part of a settlement in relation to a year of assessment, this Schedule does not apply in relation to the settlement or part for that year.
## SCHEDULE 4B
### General scheme of this Schedule
##### 1
- (1) This Schedule applies where trustees of a settlement—
- (a) make a transfer of value (see paragraph 2) in a year of assessment in which the settlement is within section ... 86 or 87 (see paragraph 3), and
- (b) in accordance with this Schedule the transfer of value is treated as linked with trustee borrowing (see paragraphs 4 to 9).
- (2) Where this Schedule applies the trustees are treated as disposing of and immediately reacquiring the whole or a proportion of each of the chargeable assets that continue to form part of the settled property (see paragraphs 10 to 13).
### Transfers of value
##### 2
- (1) For the purposes of this Schedule trustees of a settlement make a transfer of value if they—
- (a) lend money or any other asset to any person,
- (b) transfer an asset to any person and receive either no consideration or a consideration whose amount or value is less than the market value of the asset transferred, or
- (c) issue a security of any description to any person and receive either no consideration or a consideration whose amount or value is less than the value of the security.
- (2) References in this Schedule to “the material time”, in relation to a transfer of value, are to the time when the loan is made, the transfer is effectively completed or the security is issued.
The effective completion of a transfer means the point at which the person acquiring the asset becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the transfer.
- (3) In the case of a loan, the amount of value transferred is taken to be the market value of the asset.
- (4) In the case of a transfer, the amount of value transferred is taken to be—
- (a) if any part of the value of the asset is attributable to trustee borrowing, the market value of the asset;
- (b) if no part of the value of the asset is attributable to trustee borrowing, the market value of the asset reduced by the amount or value of any consideration received for it.
Paragraph 12 below explains what is meant by the value of an asset being attributable to trustee borrowing.
- (5) In the case of the issue of a security, the amount of value transferred shall be taken to be the value of the security reduced by the amount or value of any consideration received by the trustees for it.
- (6) References in this paragraph to the value of an asset are to its value immediately before the material time, unless the asset does not exist before that time in which case its value immediately after that time shall be taken.
### Settlements within section ... 86 or 87
##### 3
- (1) This paragraph explains what is meant in this Schedule by a settlement being “within section ... 86 or 87” in a year of assessment.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) A settlement is “within section 86” in a year of assessment if, assuming—
- (a) that there were chargeable gains accruing to the trustees by virtue of disposals of any of the settled property originating from the settlor, and
- (b) that the other elements of the condition in subsection (1)(e) of that section were met,
chargeable gains would, under that section, be treated as accruing to the settlor in that year.
Expressions used in this sub-paragraph have the same meaning as in section 86.
- (4) A settlement is “within section 87” for a tax year if—
- (a) section 87 applies to the settlement for that year, or
- (b) chargeable gains would be treated under section 89(2) as accruing in that year to a beneficiary who received a capital payment from the trustees of the settlement in that year.
- (5) The reference in subsection (4)(b) to chargeable gains treated as accruing includes offshore income gains treated as arising.
### Trustee borrowing
##### 4
- (1) For the purposes of this Schedule trustees of a settlement are treated as borrowing if—
- (a) money or any other asset is lent to them, or
- (b) an asset is transferred to them and in connection with the transfer the trustees assume a contractual obligation (whether absolute or conditional) to restore or transfer to any person that or any other asset.
In the following provisions of this Schedule “loan obligation” includes any such obligation as is mentioned in paragraph (b).
- (2) The amount borrowed (the “proceeds” of the borrowing) is taken to be—
- (a) in the case of a loan, the market value of the asset;
- (b) in the case of a transfer, the market value of the asset reduced by the amount or value of any consideration received for it.
- (3) References in this paragraph to the market value of an asset are to its market value immediately before the loan is made, or the transfer is effectively completed, unless the asset does not exist before that time in which case its market value immediately after that time shall be taken.
The effective completion of a transfer means the point at which the person acquiring the asset becomes for practical purposes unconditionally entitled to the whole of the intended subject matter of the transfer.
### Transfer of value linked with trustee borrowing
##### 5
- (1) For the purposes of this Schedule a transfer of value by trustees is treated as linked with trustee borrowing if at the material time there is outstanding trustee borrowing.
- (2) For the purposes of this Schedule there is outstanding trustee borrowing at any time to the extent that—
- (a) any loan obligation is outstanding, and
- (b) there are proceeds of trustee borrowing that have not been either—
- (i) applied for normal trust purposes, or
- (ii) taken into account under this Schedule in relation to an earlier transfer of value.
- (3) An amount of trustee borrowing is “taken into account” under this Schedule in relation to a transfer of value if the transfer of value is in accordance with this Schedule treated as linked with trustee borrowing.
The amount so taken into account is—
- (a) the amount of the value transferred by that transfer of value, or
- (b) if less, the amount of outstanding trustee borrowing at the material time in relation to that transfer of value.
### Application of proceeds of borrowing for normal trust purposes
##### 6
- (1) For the purposes of this Schedule the proceeds of trustee borrowing are applied for normal trust purposes in the following circumstances, and not otherwise.
- (2) They are applied for normal trust purposes if they are applied by the trustees in making a payment in respect of an ordinary trust asset and the following conditions are met—
- (a) the payment is made under a transaction at arm’s length or is not more than the payment that would be made if the transaction were at arm’s length;
- (b) the asset forms part of the settled property immediately after the material time or, if it does not do so, the alternative condition in paragraph 8 below is met; and
- (c) the sum paid is (or but for section 17 or 39 would be) allowable under section 38 as a deduction in computing a gain accruing to the trustees on a disposal of the asset.
- (3) They are applied for normal trust purposes if—
- (a) they are applied by the trustees in wholly or partly discharging a loan obligation of the trustees, and
- (b) the whole of the proceeds of the borrowing connected with that obligation (or all but an insignificant amount) have been applied by the trustees for normal trust purposes.
- (4) They are applied for normal trust purposes if they are applied by the trustees in making payments to meet bona fide current expenses incurred by them in administering the settlement or any of the settled property.
### Ordinary trust assets
##### 7
- (1) The following are “ordinary trust assets” for the purposes of this Schedule—
- (a) shares or securities;
- (b) tangible property, whether movable or immovable, or a lease of such property;
- (c) property not within paragraph (a) or (b) which is used for the purposes of a trade, profession or vocation carried on—
- (i) by the trustees, or
- (ii) by a beneficiary who has an interest in possession in the settled property;
- (d) any right in or over, or any interest in, property of a description within paragraph (b) or (c).
- (2) In sub-paragraph (1)(a) “securities” has the same meaning as in section 132.
### The alternative condition for assets no longer part of the settled property
##### 8
- (1) The alternative condition referred to in paragraph 6(2)(b) in relation to an asset which no longer forms part of the settled property is that—
- (a) the asset is treated as having been disposed of by virtue of section 24(1), or
- (b) one or more ordinary trust assets which taken together directly or indirectly represent the asset—
- (i) form part of the settled property immediately after the material time, or
- (ii) are treated as having been disposed of by virtue of section 24(1).
- (2) Where there has been a part disposal of the asset, the condition in paragraph 6(2)(b) and the provisions of sub-paragraph (1) above may be applied in any combination in relation to the subject matter of the part disposal and what remains.
- (3) References in this paragraph to an asset include part of an asset.
### Normal trust purposes: power to make provision by regulations
##### 9
- (1) The Treasury may make provision by regulations as to the circumstances in which the proceeds of trustee borrowing are to be treated for the purposes of this Schedule as applied for normal trust purposes.
- (2) The regulations may—
- (a) add to, amend or repeal any of the provisions of paragraphs 6 to 8 above,
- (b) make different provision for different cases, and
- (c) contain such supplementary, incidental, consequential and transitional provision as the Treasury may think fit.
### Deemed disposal of remaining chargeable assets
##### 10
- (1) Where in accordance with this Schedule a transfer of value by trustees is treated as linked with trustee borrowing, the trustees are treated for all purposes of this Act—
- (a) as having at the material time disposed of, and
- (b) as having immediately reacquired,
the whole or a proportion (see paragraph 11) of each of the chargeable assets that form part of the settled property immediately after the material time (“the remaining chargeable assets”).
- (2) The deemed disposal and reacquisition shall be taken—
- (a) to be for a consideration equal to the whole or, as the case may be, a proportion of the market value of each of those assets, and
- (b) to be under a bargain at arm’s length.
- (3) For the purposes of sub-paragraph (1) an asset is a chargeable asset if a gain on a disposal of the asset by the trustees at the material time would be a chargeable gain.
### Whether deemed disposal is of whole or a proportion of the assets
##### 11
- (1) This paragraph provides for determining whether the deemed disposal and reacquisition is of the whole or a proportion of each of the remaining chargeable assets.
- (2) If the amount of value transferred—
- (a) is less than the amount of outstanding trustee borrowing, and
- (b) is also less than the effective value of the remaining chargeable assets,
the deemed disposal and reacquisition is of the proportion of each of the remaining chargeable assets given by:
$$VTEV$where—VT is the amount of value transferred, andEV is the effective value of the remaining chargeable assets.$
- (3) If the amount of value transferred—
- (a) is not less than the amount of outstanding trustee borrowing, but
- (b) is less than the effective value of the remaining chargeable assets,
the deemed disposal and reacquisition is of the proportion of each of the remaining chargeable assets given by:
$$TBEV$where— TB is the amount of outstanding trustee borrowing, andEV is the effective value of the remaining chargeable assets.$
- (4) In any other case the deemed disposal and reacquisition is of the whole of each of the remaining chargeable assets.
- (5) For the purposes of this paragraph the effective value of the remaining chargeable assets means the aggregate market value of those assets reduced by so much of that value as is attributable to trustee borrowing.
- (6) References in this paragraph to amounts or values, except in relation to the amount of value transferred, are to amounts or values immediately after the material time.
### Value attributable to trustee borrowing
##### 12
- (1) For the purposes of this Schedule the value of an asset is attributable to trustee borrowing to the extent determined in accordance with the following rules.
- (2) Where the asset itself has been borrowed by trustees, the value of the asset is attributable to trustee borrowing to the extent that the proceeds of that borrowing have not been applied for normal trust purposes.
This is in addition to any extent to which the value of the asset may be attributable to trustee borrowing by virtue of sub-paragraph (3).
- (3) The value of any asset is attributable to trustee borrowing to the extent that—
- (a) the trustees have applied the proceeds of trustee borrowing in acquiring or enhancing the value of the asset, or
- (b) the asset represents directly or indirectly an asset whose value was attributable to the trustees having so applied the proceeds of trustee borrowing.
- (4) For the purposes of this paragraph an amount is applied by the trustees in acquiring or enhancing the value of an asset if it is applied wholly and exclusively by them—
- (a) as consideration in money or money’s worth for the acquisition of the asset,
- (b) for the purpose of enhancing the value of the asset in a way that is reflected in the state or nature of the asset,
- (c) in establishing, preserving or defending their title to, or to a right over, the asset, or
- (d) where the asset is a holding of shares or securities that is treated as a single asset, by way of consideration in money or money’s worth for additional shares or securities forming part of the same holding.
- (5) Trustees are treated as applying the proceeds of borrowing as mentioned in sub-paragraph (4) if and to the extent that at the time the expenditure is incurred there is outstanding trustee borrowing.
- (6) In sub-paragraph (4)(d) “securities” has the same meaning as in section 132.
### Assets and transfers
##### 13
- (1) In this Schedule any reference to an asset includes money expressed in sterling.
References to the value or market value of such an asset are to its amount.
- (2) Subject to sub-paragraph (3), references in this Schedule to the transfer of an asset include anything that is or is treated as a disposal of the asset for the purposes of this Act, or would be if sub-paragraph (1) above applied generally for the purposes of this Act.
- (3) References in this Schedule to a transfer of an asset do not include a transfer of an asset that is created by the part disposal of another asset.
## SCHEDULE 4C
### Introduction
##### 1
- (1) This Schedule applies where the trustees of a settlement (“*the transferor settlement*”) make a transfer of value to which Schedule 4B applies (“*the original transfer*”).
- (2) The transferor settlement is regarded for the purposes of this Schedule as having a “Schedule 4C pool”.
- (3) The Schedule 4C pool contains the section 2(2) amounts for the settlement that are outstanding at the end of the tax year in which the original transfer is made (see paragraph 1A).
- (3A) The section 2(2) amount for that tax year is increased by—
- (a) the amount of Schedule 4B trust gains accruing by virtue of the original transfer (see paragraphs 3 to 7), and
- (b) the total amount of any further Schedule 4B trust gains accruing by virtue of any further transfers of value to which that Schedule applies that are made by the trustees in that tax year.
- (4) Paragraphs 8 to 9 provide for the attribution of gains in a settlement’s Schedule 4C pool.
- (5) References in this Schedule to a transfer to which Schedule 4B applies include any such transfer, whether or not any chargeable gain or allowable loss accrues under that Schedule by virtue of the transfer.
### General scheme of this Schedule
##### 2
The general scheme of this Schedule is that—
- (a) Schedule 4B trust gains are attributed to beneficiaries—
- (i) of the transferor settlement, or
- (ii) of any transferee settlement,
who have received capital payments from the trustees; and
- (b) any allowable loss accruing by virtue of Schedule 4B may only be set against a chargeable gain so accruing.
### Computation of Schedule 4B trust gains
##### 3
- (1) This paragraph explains what is meant for the purposes of this Schedule by “Schedule 4B trust gains”.
- (2) The Schedule 4B trust gains are computed in relation to each transfer of value to which that Schedule applies.
- (3) In relation to a transfer of value the amount of the Schedule 4B trust gains for the purposes of this Schedule is given by—
$$CA-SG-AL$where—CA is the chargeable amount computed under paragraph 4 or 5 below,SG is the amount of any gains attributed to the settlor that fall to be deducted under paragraph 6 below, andAL is the amount of any allowable losses that may be deducted under paragraph 7 below.$
### Chargeable amount: non-resident settlement
##### 4
- (1) If the transfer of value is made in a year of assessment during which the trustees of the transferor settlement are at no time resident and ordinarily resident in the United Kingdom the chargeable amount is computed under this paragraph.
- (2) Where this paragraph applies the chargeable amount is the amount on which the trustees would have been chargeable to tax under section 2(2) by virtue of Schedule 4B if they had been resident and ordinarily resident in the United Kingdom in the year (and had made the disposals which Schedule 4B treats them as having made).
### Chargeable amount: dual resident settlement
##### 5
- (1) If the transfer of value is made in a year of assessment where—
- (a) the trustees of the transferor settlement are resident and ordinarily resident in the United Kingdom during any part of the year, and
- (b) at any time of such residence and ordinary residence they fall to be regarded for the purposes of any double taxation relief arrangements as resident in a territory outside the United Kingdom,
the chargeable amount is computed under this paragraph.
- (2) Where this paragraph applies the chargeable amount is the lesser of—
- (a) the amount on which the trustees would be chargeable to tax under section 2(2) by virtue of Schedule 4B on the assumption that the double taxation relief arrangements did not apply (and the disposals which Schedule 4B treats them as having made were made), and
- (b) the amount on which the trustees would be so chargeable to tax by virtue of disposals of protected assets.
- (3) For this purpose “protected assets” has the meaning given by section 88(4).
### Gains attributed to settlor
##### 6
- (1) For the purposes of this Schedule the chargeable amount in relation to a transfer of value shall be reduced by the amount of any chargeable gains arising by virtue of that transfer of value that—
- (a) are by virtue of section 86(4) treated as accruing to the settlor, or
- (b) where section 10A applies, are treated by virtue of that section (as it has effect subject to paragraph 12 below) as accruing to the settlor in the year of return.
- (1A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (2) In determining for the purposes of sub-paragraph (1)(a) the amount of chargeable gains arising by virtue of a transfer of value that are treated as accruing to the settlor, there shall be disregarded any losses which arise otherwise than by virtue of Schedule 4B.
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Reduction for allowable losses
##### 7
- (1) An allowable loss arising under Schedule 4B in relation to a transfer of value by the trustees of a settlement may be taken into account in accordance with this paragraph to reduce for the purposes of this Schedule the chargeable amount in relation to another transfer of value by those trustees.
- (2) Any such allowable loss goes first to reduce chargeable amounts arising from other transfers of value made in the same year of assessment.
If there is more than one chargeable amount and the aggregate amount of the allowable losses is less than the aggregate of the chargeable amounts, each of the chargeable amounts is reduced proportionately.
- (3) If in any year of assessment the aggregate amount of the allowable losses exceeds the aggregate of the chargeable amounts, the excess shall be carried forward to the next year of assessment and treated for the purposes of this paragraph as if it were an allowable loss arising in relation to a transfer of value made in that year.
- (4) Any reduction of a chargeable amount under this paragraph is made after any deduction under paragraph 6.
### Attribution of Schedule 4C gains to beneficiaries
##### 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 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—
- (a) the amount of the capital payment, or
- (b) if only part of the capital payment is matched, the amount of that part.
- (3) Section 87A applies for a tax year for the purposes of matching capital payments received from the trustees of a relevant settlement with section 2(2) amounts in the Schedule 4C pool as if—
- (a) references to section 2(2) amounts were to section 2(2) amounts in the Schedule 4C pool,
- (b) references to a capital payment received from the trustees by a beneficiary were to a capital payment received from the trustees of a relevant settlement by a beneficiary who is chargeable to tax for that year, and
- (c) for section 87A(3)(b) there were substituted—
> (b) all section 2(2) amounts in the Schedule 4C pool have been reduced to nil.
- (4) Section 87A applies for a tax year by virtue of this paragraph before it applies for that year otherwise than by virtue of this paragraph; but this is subject to sub-paragraph (5).
- (5) If section 87A applies for a tax year by virtue of section 762(3) of the Taxes Act (offshore income gains), it applies for that year by virtue of that provision before it applies for that year by virtue of this paragraph.
### Attribution of gains: disregard of certain capital payments
##### 9
- (1) For the purposes of paragraph 8 (and section 87A as it applies for the purposes of that paragraph), no account is to be taken of a capital payment to which any of sub-paragraphs (2) to (4) applies (or a part of a capital payment to which sub-paragraph (4) applies).
- (2) This sub-paragraph applies to a capital payment received before the tax year preceding the tax year in which the original transfer is made.
- (3) This sub-paragraph applies to a capital payment that—
- (a) is received by a beneficiary of a settlement from the trustees in a tax year during the whole of which the trustees—
- (i) are resident and ordinarily resident in the United Kingdom, and
- (ii) are not Treaty non-resident,
- (b) was made before any transfer of value to which Schedule 4B applies was made, and
- (c) was not made in anticipation of the making of any such transfer of value or of chargeable gains accruing under that Schedule.
- (4) This sub-paragraph applies to a capital payment if (and to the extent that) it is received (or treated as received) in a tax year from the trustees 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).
### Residence of trustees from whom capital payment received
##### 10
- (1) Subject to paragraph 9(3), it is immaterial for the purposes of paragraph 8 that the trustees of any relevant settlement are or have at any time been resident and ordinarily resident in the United Kingdom.
- (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Taper relief
##### 11
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Attribution of gains to settlor in section 10A cases
##### 12
- (1) This paragraph applies if—
- (a) by virtue of section 10A, an amount of chargeable gains within section 86(1)(e) that accrued in an intervening year to the trustees of a settlement would be treated as accruing to a person (“the settlor”) in the year of return, and
- (b) after paragraph 8 has applied for the year of return, the section 2(2) amount for the intervening year that is in the Schedule 4C pool for the settlement is less than the amount mentioned in paragraph (a).
- (2) The amount of chargeable gains treated as mentioned in sub-paragraph (1)(a) as accruing to the settlor in the year of return is limited to the section 2(2) amount referred to in sub-paragraph (1)(b).
- (4) Where the property comprised in the transferor settlement has at any time included property not originating from the settlor, only so much (if any) of any capital payment taken into account for the purposes of paragraph 8 above as, on a just and reasonable apportionment, is properly referable to property originating from the settlor shall be taken into account in computing the amount charged to beneficiaries.
- (5) Expressions used in this paragraph and section 10A have the same meanings in this paragraph as in that section; and paragraph 8 of Schedule 5 shall apply for the construction of the references in sub-paragraph (4) above to property originating from the settlor as it applies for the purposes of that Schedule.
### Increase in tax payable under this Schedule
##### 13
- (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 2(2) amount for a tax year (“the relevant tax year”), and
- (b) the beneficiary is charged to tax by virtue of the matching.
- (1A) Where part of a capital payment is matched, references in sub-paragraphs (2) and (3) to the capital payment are to the part matched.
- (2) The tax payable by the beneficiary in respect of the payment shall be increased by the amount found under sub-paragraph (3) below, except that it shall not be increased beyond the amount of the payment; and an assessment may charge tax accordingly.
- (3) The amount is one equal to the interest that would be yielded if an amount equal to the tax which would be payable by the beneficiary in respect of the payment (apart from this paragraph) carried interest for the chargeable period at the specified rate.
The “specified rate” means the rate for the time being specified in section 91(3).
- (4) The chargeable period is the period which—
- (a) begins with the later of the 2 days specified in sub-paragraph (5) below, and
- (b) ends with 30th November in the year of assessment following that in which the capital payment is made.
- (5) The 2 days are—
- (a) 1st December in the tax year immediately after the relevant tax year, and
- (b) 1st December falling 6 years before 1st December in the year of assessment following that in which the capital payment is made.
### Interpretation
##### 14
- (1) In this Schedule—
- (a) “transfer of value” has the same meaning as in Schedule 4B; and
- (b) references to the time at which a transfer of value was made are to the time which is the material time for the purposes of that Schedule.
- (2) In this Schedule, in relation to a transfer of value—
- (a) references to the transferor settlement are to the settlement the trustees of which made the transfer of value; and
- (b) references to a transferee settlement are to any settlement of which the settled property includes property representing, directly or indirectly, the proceeds of the transfer of value.
- (3) References in this Schedule to beneficiaries of a settlement include—
- (a) persons who have ceased to be beneficiaries by the time the chargeable gains accrue, and
- (b) persons who were beneficiaries of the settlement before it ceased to exist,
but who were beneficiaries of the settlement at a time in a previous year of assessment when a capital payment was made to them.
### Certain receipts to be disregarded for purposes of paragraph 14
##### 14A
- (1) Sub-paragraph (4) below applies where, by reason of a repayment, any investment relief which is attributable under Schedule 15 to the Finance Act 2000 to any shares is withdrawn under paragraph 56(2) of that Schedule.
- (2) For the purposes of this paragraph “*repayment*” has the meaning given in paragraph 14AA(2) above.
- (3) For the purposes of sub-paragraph (4) below “*the relevant amount*” is the amount determined by the formula—
$$X-5Y$Where—X is the amount of the repayment, andY is the aggregate amount of the investment relief withdrawn by reason of the repayment.$
- (4) Where the relevant amount does not exceed £1,000, the repayment shall be disregarded for the purposes of paragraph 14 above, unless repayment arrangements are in existence at any time in the period—
- (a) beginning one year before the shares mentioned in sub-paragraph (1) above are issued, and
- (b) expiring at the end of the issue date of those shares.
- (5) For this purpose “*repayment arrangements*” means arrangements which provide—
- (a) for a repayment by the company that issued the shares (“*the issuing company*”) or any subsidiary of that company, or
- (b) for anyone to be entitled to such a repayment,
at any time.
- (6) Sub-paragraph (5)(a) above applies in relation to a subsidiary of the issuing company whether or not it was such a subsidiary—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) when the arrangements were made.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (8) In this paragraph—
- (a) “*investment relief*” has the same meaning as in Schedule 15 to the Finance Act 2000 (corporate venturing scheme); and
- (b) references to the withdrawal of investment relief include its reduction.
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 6B
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 7C
### Introductory
##### 1
- (1) A person (“the claimant”) who makes a disposal of shares (“the disposal”) to the trustees of the plan trust of a share incentive plan (“the plan”) is entitled to claim relief under paragraph 5 if—
- (a) the conditions in paragraph 2 are fulfilled, and
- (b) paragraph 3(1) or (2) applies.
- (2) Sub-paragraph (1) does not apply to a company that makes a disposal of shares.
- (3) In this paragraph the references to a disposal of shares include a disposal of an interest in shares.
### Conditions relating to the disposal
##### 2
- (1) The first condition is that, at the time of the disposal, the plan is approved under Schedule 2 to ITEPA 2003.
- (2) The second condition is that the relevant shares meet the requirements in Part 4 of that Schedule (types of shares that may be awarded) in relation to the plan.
For this purpose that Part applies as if paragraph 27(1)(a) and (c) and (2) (listed shares and shares in a company under the control of a company whose shares are listed) were omitted.
- (3) The third condition is that, at any time in the entitlement period, the trustees hold, for the beneficiaries of the plan trust, shares in the relevant company that—
- (a) constitute not less than 10% of the ordinary share capital of the company, and
- (b) carry rights to not less than 10% of—
- (i) any profits available for distribution to shareholders of the company, and
- (ii) any assets of that company available for distribution to its shareholders in the event of a winding up.
- (4) For the purposes of sub-paragraph (3), shares that have been appropriated to, or acquired on behalf of, an individual under the plan shall continue to be treated as held by the trustees of the plan trust for the beneficiaries of that trust until such time as they cease to be subject to the plan (within the meaning given by paragraph 97 of Schedule 2 to ITEPA 2003).
- (5) The fourth condition is that, at all times in the proscribed period, there are no unauthorised arrangements under which the claimant or a person connected with him may be entitled to acquire (directly or indirectly) from the trustees of the plan trust any shares, or an interest in or right deriving from any shares.
- (6) For the purposes of this paragraph—
- “ordinary share capital” has the meaning given in section 989 of ITA 2007;
- “the relevant company” means the company of whose share capital the relevant shares form part; and
- “the relevant shares” means the shares that are, or an interest in which is, the subject of the disposal.
### Reinvestment of disposal proceeds
##### 3
- (1) This sub-paragraph applies if the claimant obtains consideration for the disposal and, at any time in the acquisition period, all of the amount or value of the consideration is applied by him in making an acquisition of assets or an interest in assets (“replacement assets”) which—
- (a) are, immediately after the time of the acquisition, chargeable assets in relation to the claimant, and
- (b) are not shares in, or debentures issued by, the relevant company or a company which is (at the time of the acquisition) in the same group as the relevant company;
but the preceding provisions of this sub-paragraph shall have effect without the words “, at any time in the acquisition period,” if the acquisition is made pursuant to an unconditional contract entered into in the acquisition period.
- (2) This sub-paragraph applies if—
- (a) sub-paragraph (1) would have applied but for the fact that part only of the amount or value mentioned in that sub-paragraph is applied as there mentioned, and
- (b) all the amount or value so mentioned except for a part which is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal is so applied.
- (3) In sub-paragraph (1)(b)—
- “the relevant company” has the meaning given in paragraph 2(6); and
- “group” shall be construed in accordance with section 170.
### Provision supplementary to paragraphs 2 and 3
##### 4
- (1) This paragraph applies for the purposes of paragraphs 2 and 3.
- (2) The entitlement period is the period beginning with the disposal and ending on the expiry of 12 months beginning with the date of the disposal.
- (3) The acquisition period is the period beginning with the disposal and ending on the expiry of six months beginning with—
- (a) the date of the disposal, or
- (b) if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
- (4) The proscribed period is the period beginning with the disposal and ending on—
- (a) the date of the acquisition, or
- (b) if later, the date on which the third condition (set out in paragraph 2(3)) is first fulfilled.
- (5) All arrangements are unauthorised unless they only allow shares to be appropriated to or acquired on behalf of an individual under the plan.
### The relief
##### 5
- (1) Where the claimant is entitled to claim relief under this paragraph and paragraph 3(1) applies, he shall, on making a claim in the period of 2 years beginning with the acquisition, be treated for the purposes of this Act—
- (a) as if the consideration for the disposal were (if otherwise of a greater amount or value) of such amount as would secure that on the disposal neither a gain nor a loss accrues to him, and
- (b) as if the amount or value of the consideration for the acquisition were reduced by the excess of the amount or value of the actual consideration for the disposal over the amount of the consideration which the claimant is treated as receiving under paragraph (a).
- (2) Where the claimant is entitled to claim relief under this paragraph and paragraph 3(2) applies, he shall, on making a claim in the period of 2 years beginning with the acquisition, be treated for the purposes of this Act—
- (a) as if the amount of the gain accruing on the disposal were reduced to the amount of the part mentioned in paragraph 3(2)(b), and
- (b) as if the amount or value of the consideration for the acquisition were reduced by the amount by which the gain is reduced under paragraph (a) above.
- (3) Nothing in sub-paragraph (1) or (2) shall affect the treatment for the purposes of this Act of the other party to the disposal or of the other party to the acquisition.
- (4) The provisions of this Act fixing the amount of the consideration deemed to be given for a disposal or acquisition shall be applied before the preceding provisions of this paragraph are applied.
### Dwelling-houses: special provision
##### 6
- (1) Sub-paragraph (2) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset is a dwelling-house or part of a dwelling-house or land, and
- (d) there was a time in the period beginning with the acquisition and ending with the time when paragraph 5(1) or (2) falls to be applied such that, if the asset (or an interest in it) were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (2) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (3) Sub-paragraph (4) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consists of a dwelling-house or part of a dwelling-house or land, and
- (c) there is a time after paragraph 5(1) or (2) has been applied such that, if the asset (or an interest in it) were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (4) In such a case—
- (a) the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly, but
- (b) any gain treated as accruing in consequence of the application of paragraph (a) shall be treated as accruing at the time mentioned in sub-paragraph (3)(c) or, if there is more than one such time, at the earliest of them.
- (5) Sub-paragraph (6) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset was an option to acquire (or to acquire an interest in) a dwelling-house or part of a dwelling-house or land,
- (d) the option has been exercised, and
- (e) there was a time in the period beginning with the exercise of the option and ending with the time when paragraph 5(1) or (2) falls to be applied such that, if the asset acquired on exercise of the option were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (6) In such a case the option shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (7) Sub-paragraph (8) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consisted of an option to acquire (or to acquire an interest in) a dwelling-house or part of a dwelling-house or land,
- (c) the option has been exercised, and
- (d) there is a time after paragraph 5(1) or (2) has been applied such that, if the asset acquired on exercise of the option were disposed of at that time, it would be within section 222(1) and the individual there mentioned would be the claimant or the claimant’s spouse or civil partner.
- (8) In such a case—
- (a) the option shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly, but
- (b) any gain treated as accruing in consequence of the application of paragraph (a) shall be treated as accruing at the time mentioned in sub-paragraph (7)(d) or, if there is more than one such time, at the earliest of them.
- (9) References in this paragraph to an individual include a person entitled to occupy under the terms of a settlement.
### Shares: special provision
##### 7
- (1) Sub-paragraph (2) applies where—
- (a) a claim is made under paragraph 5,
- (b) immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, any replacement asset was a chargeable asset in relation to the claimant,
- (c) the asset consists of shares, and
- (d) relief is claimed under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme) at any time in the period beginning with the acquisition and ending when paragraph 5(1) or (2) falls to be applied.
- (2) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant.
- (3) Sub-paragraph (4) applies where—
- (a) the provisions of paragraph 5(1) or (2) have been applied,
- (b) any replacement asset which, immediately after the time of the acquisition mentioned in paragraph 3 and apart from this paragraph, was a chargeable asset in relation to the claimant consists of shares, and
- (c) at any time after paragraph 5(1) or (2) has been applied relief is claimed in respect of the asset under Chapter III of Part VII of the Taxes Act or Part 5 of ITA 2007 (enterprise investment scheme).
- (4) In such a case the asset shall be treated as if, immediately after the time of the acquisition mentioned in paragraph 3, it was not a chargeable asset in relation to the claimant and adjustments shall be made accordingly.
### Meaning of “chargeable asset”
##### 8
For the purposes of this Schedule an asset is a chargeable asset in relation to the claimant at a particular time if, were the asset to be disposed of at that time, any gain accruing to him on the disposal would be a chargeable gain, and either—
- (a) at that time he is resident or ordinarily resident in the United Kingdom, or
- (b) he would be chargeable to capital gains tax under section 10(1) (non-resident with United Kingdom branch or agency) in respect of the gain,
unless (were he to dispose of the asset at that time) the claimant would fall to be regarded for the purposes of any double taxation relief arrangements as not liable in the United Kingdom to tax on any gains accruing to him on the disposal.
##### 59A
- (1) Where a limited liability partnership carries on a trade or business with a view to profit—
- (a) assets held by the limited liability partnership are treated for the purposes of tax in respect of chargeable gains as held by its members as partners, and
- (b) any dealings by the limited liability partnership are treated for those purposes as dealings by its members in partnership (and not by the limited liability partnership as such);
and tax in respect of chargeable gains accruing to the members of the limited liability partnership on the disposal of any of its assets shall be assessed and charged on them separately.
- (2) For all purposes, except as otherwise provided, in the enactments relating to tax in respect of chargeable gains—
- (a) references to a partnership include a limited liability partnership in relation to which subsection (1) above applies,
- (b) references to members of a partnership include members of such a limited liability partnership,
- (c) references to a company do not include such a limited liability partnership, and
- (d) references to members of a company do not include members of such a limited liability partnership.
- (3) Subsection (1) above continues to apply in relation to a limited liability partnership which no longer carries on any trade or business with a view to profit—
- (a) if the cessation is only temporary, or
- (b) during a period of winding up following a permanent cessation, provided—
- (i) the winding up is not for reasons connected in whole or in part with the avoidance of tax, and
- (ii) the period of winding up is not unreasonably prolonged,
but subject to subsection (4) below.
- (4) Subsection (1) above ceases to apply in relation to a limited liability partnership—
- (a) on the appointment of a liquidator or (if earlier) the making of a winding-up order by the court, or
- (b) on the occurrence of any event under the law of a country or territory outside the United Kingdom corresponding to an event specified in paragraph (a) above.
- (5) Where subsection (1) above ceases to apply in relation to a limited liability partnership with the effect that tax is assessed and charged—
- (a) on the limited liability partnership (as a company) in respect of chargeable gains accruing on the disposal of any of its assets, and
- (b) on the members in respect of chargeable gains accruing on the disposal of any of their capital interests in the limited liability partnership,
it shall be assessed and charged on the limited liability partnership as if subsection (1) above had never applied in relation to it.
- (6) Neither the commencement of the application of subsection (1) above nor the cessation of its application in relation to a limited liability partnership shall be taken as giving rise to the disposal of any assets by it or any of its members.
##### 156A
- (1) Where, immediately before the time of cessation of trade, a member of a limited liability partnership holds an asset, or an interest in an asset, acquired by him for a consideration treated as reduced under section 152 or 153, he shall be treated as if a chargeable gain equal to the amount of the reduction accrued to him immediately before that time.
- (2) Where, as a result of section 154(2), a chargeable gain on the disposal of an asset, or an interest in an asset, by a member of a limited liability partnership has not accrued before the time of cessation of trade, the member shall be treated as if the chargeable gain accrued immediately before that time.
- (3) In this section “*the time of cessation of trade*”, in relation to a limited liability partnership, means the time when section 59A(1) ceases to apply in relation to the limited liability partnership.
##### 169A
- (1) This section applies where section 59A(1) ceases to apply to a limited liability partnership.
- (2) A member of the partnership who immediately before the time at which section 59A(1) ceases to apply holds an asset, or an interest in an asset, acquired by him—
- (a) on a disposal to members of a partnership, and
- (b) for a consideration which is treated as reduced under section 165(4)(b) or 260(3)(b),
shall be treated as if a chargeable gain equal to the amount of the reduction accrued to him immediately before that time.
### Meaning of “material interest”
##### 6A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Joint enterprise companies: relevant connection
##### 24
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Provision supplemental to paragraph 13
##### 13A
- (1) For the purposes of paragraph 13 above, the value received by the individual in question is—
- (a) in a case within sub-paragraph (2)(a), (b) or (c) of that paragraph, the amount received by the individual or, if greater, the market value of the share capital, securities or debt in question;
- (b) in a case within sub-paragraph (2)(d) of that paragraph, the amount of the liability;
- (c) in a case within sub-paragraph (2)(e) of that paragraph, 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 sub-paragraph (2)(f) of that paragraph, the cost to the company of providing the benefit or facility less any consideration given for it by the individual;
- (e) in a case within sub-paragraph (2)(g) or (h) of that paragraph, the difference between the market value of the asset and the consideration (if any) given for it;
- (f) in a case within sub-paragraph (2)(i) of that paragraph, the amount of the payment;
- (g) in a case within sub-paragraph (5) of that paragraph, the amount received by the individual or, if greater, the market value of the share capital or securities in question.
- (2) In this paragraph and paragraph 13 above 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) below.
- (3) For the purposes of this paragraph and paragraph 13 above “*an amount of insignificant value*” means an amount of value which—
- (a) does not exceed £1,000, or
- (b) if it exceeds that amount, is insignificant in relation to the total amount of expenditure on the shares which is set under this Schedule against a corresponding total amount of the whole or any part of any chargeable gains.
- (4) For the purposes of paragraph 13 above, 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 individual who subscribes for the shares 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 individual shall be treated as a receipt of insignificant value.
- (5) In sub-paragraph (4) above—
- (a) any reference to the individual includes a reference to any person who, at any time in the period of restriction, is an associate of his (whether or not he 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
##### 13B
- (1) Where—
- (a) by reason of a receipt of value within sub-paragraph (2) (other than paragraph (b)) or sub-paragraph (5) of paragraph 13 above (“*the original value*”), the shares would, in the absence of this paragraph, be treated as never having been eligible shares or as ceasing to be eligible shares on the date when the value is received,
- (b) 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 shall be disregarded for the purposes of paragraph 13 above.
- (2) This paragraph is subject to paragraph 13C below.
- (3) For the purposes of this paragraph and paragraph 13C below—
- “*the original recipient*” means the person who receives the original value, and
- “*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) above 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) below or to which sub-paragraph (5) below 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 13(2)(d) above, 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 13(5) above, 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 his (whether or not he is 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 his (whether or not he is 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 13(11) above); and
- (f) any payment for shares in or securities of any company in circumstances that do not fall within sub-paragraph (4)(a)(ii) above.
- (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) above, 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) above, the same as the amount of the original value, and
- (c) in a case within sub-paragraph (4)(c) above, the amount or value of the consideration received by the original supplier,
and paragraph 13A(1) above 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 him indirectly or to his order or for his benefit.
### Provision supplemental to paragraph 13B
##### 13C
- (1) The receipt of the replacement value by the original supplier shall be disregarded for the purposes of paragraph 13B above, 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 13 above as that paragraph applies in relation to those shares or any other shares subscribed for by the individual in question (“*the individual*”).
- (2) The receipt of the replacement value by the original supplier (“*the event*”) shall also be disregarded for the purposes of paragraph 13B above 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, or
- (c) where an appeal has been brought by the individual against an assessment made by virtue of paragraph 3(1)(e) above by reason of that receipt, the event occurs more than 60 days after the appeal has been finally determined.
But nothing in paragraph 13B above or this paragraph requires the replacement value to be received after the original value.
- (3) This sub-paragraph applies where—
- (a) the receipt of the replacement value by the original supplier is a qualifying receipt for the purposes of paragraph 13B(1) above, and
- (b) the event which gives rise to the receipt is (or includes) a subscription for shares by—
- (i) the individual, or
- (ii) any person who, at any time in the period of restriction, is an associate of the individual, whether or not he is such an associate at the material time.
- (4) Where this sub-paragraph applies, the person who subscribes for the shares shall not—
- (a) be eligible for any relief under Chapter 3 of Part 7 of the Taxes Act (enterprise investment scheme: income tax relief) in relation to those shares or any other shares in the same issue, or
- (b) by virtue of his subscription for those shares or any other shares in the same issue, be treated as making a qualifying investment for the purposes of this Schedule.
- (4) Where either of the following applies—
- (a) sub-paragraph (3) above, and
- (b) section 223(3) of ITA 2007 (which makes corresponding provision in relation to EIS relief under Part 5 of that Act),
the person who subscribes for the shares shall not by virtue of his subscription for those shares or any other shares in the same issue be treated as making a qualifying investment for the purposes of this Schedule.
- (5) In this paragraph “*the original value*” and “*the replacement value*” shall be construed in accordance with paragraph 13B above.
### Insignificant repayments disregarded for purposes of paragraph 14
##### 14AA
- (1) Any repayment shall be disregarded for the purposes of paragraph 14 above if whichever is the greater of—
- (a) the market value of the shares to which it relates (“*the target shares*”) immediately before the event occurs, and
- (b) the amount received by the member in question,
is insignificant in relation to the market value of the remaining issued share capital of the company in question (or, as the case may be, subsidiary in question) immediately after the event occurs.
This is subject to sub-paragraph (4) below.
- (2) For the purposes of this paragraph “*repayment*” means a repayment, redemption, repurchase or payment mentioned in paragraph 14(1) above.
- (3) For the purposes of sub-paragraph (1) above it shall be assumed that the target shares are cancelled at the time the repayment is made.
- (4) Where an individual subscribes for eligible shares in a company, sub-paragraph (1) above does not apply to prevent paragraph 14(2) above having effect in relation to the shares if, at a relevant time, arrangements are in existence that provide—
- (a) for a repayment by the company or any subsidiary of the company (whether or not it is such a subsidiary at the time the arrangements are made), or
- (b) for anyone to be entitled to such a repayment,
at any time in the period of restriction.
- (5) For the purposes of sub-paragraph (4) above “*a relevant time*” means any time in the period—
- (a) beginning one year before the eligible shares were issued, and
- (b) expiring at the end of the issue date.
##### 33A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 105A
- (1) Subsection (2) below applies where an individual—
- (a) acquires shares (“*the relevant shares*”) of the same class, on the same day and in the same capacity, and
- (b) some of the relevant shares (“*the approved-scheme shares*”) are shares acquired by him as a result of—
- (i) the exercise of a qualifying option within the meaning given by section 527(4) of ITEPA 2003 (enterprise management incentives) in circumstances where section 530 or 531 of that Act (exercise of option to acquire shares) applies, or
- (ii) the exercise of an option to which Chapter 7 or 8 of Part 7 of that Act (approved share option schemes) applies in circumstances where section 519(1) or 524(1) of that Act applies.
- (2) Where the individual first makes a disposal of any of the relevant shares, he may elect for subsections (3) to (5) below to have effect in relation to that disposal and all subsequent disposals of any of those shares.
- (3) In circumstances where section 105 applies, that section shall have effect as if—
- (a) paragraph (a) of subsection (1) of that section required the approved-scheme shares to be treated as acquired by the individual by a single transaction separate from the remainder of the relevant shares (which shall also be treated by virtue of that paragraph as acquired by the individual by a single transaction), and
- (b) subsection (1) of that section required the approved-scheme shares to be treated as disposed of after the remainder of the relevant shares.
- (4) If the relevant shares include shares to which relief under Chapter 3 of Part 7 of the Taxes Act, relief under Part 5 of ITA 2007 or deferral relief (within the meaning of Schedule 5B to this Act) is attributable—
- (a) paragraph 4(4) of that Schedule has effect as if it required the approved-scheme shares falling within paragraph (a), (b), (c) or (d) of that provision to be treated as disposed of after the remainder of the relevant shares falling within the paragraph in question, and
- (b) section 299 of the Taxes Act or section 246 of ITA 2007 has effect for the purposes of section 150A(4) below as if it required—
- (i) the approved-scheme shares falling within paragraph (a), (b), (c) or (d) of subsection (6A) of section 299 of the Taxes Act or subsection (3) of section 246 of ITA 2007 to be treated as disposed of after the remainder of the relevant shares falling within the paragraph in question, and
- (ii) the approved-scheme shares to which subsection (6B) of section 299 of the Taxes Act or subsection (4) of section 246 of ITA 2007 applies to be treated as disposed of after the remainder of the relevant shares to which that subsection applies.
- (5) Where section 127 applies in relation to any of the relevant shares (“*the reorganisation shares*”), that section shall apply separately to such of those shares as are approved-scheme shares and to the remainder of the reorganisation shares (so that those approved-scheme shares and the remainder of the reorganisation shares are treated as comprised in separate holdings of original shares and identified with separate new holdings).
- (6) In subsection (5)—
- (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.
- (7) For the purposes of subsection (1) above—
- (a) any shares to which relief under Chapter 3 of Part 7 of the Taxes Act or relief under Part 5 of ITA 2007 is attributable and which were transferred to an individual as mentioned in section 304 of the Taxes Act or section 245 of ITA 2007, and
- (b) any shares to which deferral relief (within the meaning of Schedule 5B to this Act), but not relief under that Chapter or relief under that Part, is attributable and which were acquired by an individual on a disposal to which section 58 above applies,
shall be treated as acquired by the individual on the day on which they were issued.
- (8) In this section the references to Chapter 3 of Part 7, section 299 and section 304 of the Taxes Act shall be read as references to those provisions as they apply to shares issued after 31st December 1993 (enterprise investment scheme).
- (9) In this section references 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.
##### 105B
- (1) The provisions of section 105A have effect in the case of any disposal notwithstanding that 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.
- (2) An election must be made, by a notice given to an officer of the Board, on or before the first anniversary of the 31st January next following the year of assessment in which the individual first makes a disposal of any of the relevant shares.
- (3) Where—
- (a) an election is made in respect of the relevant shares, and
- (b) any shares (“*the other shares*”) acquired by the individual on the same day and in the same capacity as the relevant shares cease to be treated under section 104(4) as shares of a different class from the relevant shares,
the election shall have effect in respect of the other shares from the time they cease to be so treated.
- (4) In determining for the purposes of section 105A(2) and subsection (2) above whether the individual has made a disposal of any of the relevant shares, sections 122(1) and 128(3) shall be disregarded.
- (5) No election may be made in respect of ordinary shares in a venture capital trust.
For this purpose “*ordinary shares*” has the meaning given in section 151A(7).
- (6) For the purposes of section 105A, shares in 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 that recognised stock exchange.
- (7) In section 105A(2) to (5) and subsections (2) to (4) above, any reference to the relevant shares or to the approved-scheme shares includes a reference to the securities (if any) directly or indirectly derived from the shares in question by virtue of one or more applications of section 127 (including that section as applied by virtue of any enactment relating to chargeable gains).
- (8) In this section—
- “*the approved-scheme shares*” has the same meaning as in section 105A;
- “*election*” means an election under that section;
@@ -21074,7 +21078,7 @@
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.
#### Restriction of losses: long funding leases of plant or machinery
#### Restriction of losses by reference to capital allowances and renewals allowances.
#### Variation of will or intestacy, etc: identification of settlor
@@ -23456,7 +23460,7 @@
- (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
#### Assets derived from other assets.
#### Part disposals.
##### 169B
@@ -23866,7 +23870,7 @@
#### Company that receives mixed consideration: N does not exceed C
#### Interpretation of sections 194 to 195F .
#### Reimbursed expenditure
##### 148A
@@ -24340,7 +24344,7 @@
- (6) This section applies to losses accruing on or after 6th April 2005.
#### Roll-over relief on re-investment by trustees.
#### Relief on re-investment for individuals.
##### 275A
@@ -24450,7 +24454,7 @@
- (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).
#### Material disposal of business assets
#### Introduction
#### Restrictions on buying gains: tax avoidance schemes
@@ -24554,4608 +24558,4608 @@
#### Sections 184A and 184B: meaning of “tax advantage”
#### Tax exempt distributions.
#### Prevention of double charge.
#### Tax recoverable from another group company or controlling director.
#### Information.
#### Small part disposals.
##### 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) any receipt arises to a company (“*the relevant company*”) on a disposal of an asset, and
- (b) the receipt arises directly or indirectly in consequence of, or otherwise in connection with, any arrangements.
- (3) Condition B is that—
- (a) a chargeable gain (the “relevant gain”) accrues to the relevant company on the disposal, and
- (b) losses accrue (or have accrued) to the relevant company on any other disposal of any asset (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 receipt 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 on any disposal of any asset (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, incurs any expenditure—
- (a) which is allowable as a deduction in calculating its total profits chargeable to corporation tax but which is not allowable as a deduction in computing its gains under section 38, and
- (b) which is incurred 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) the deduction of the expenditure in calculating total profits, 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),
- “*tax advantage*” has the meaning given by section 184D.
- (11) For the purposes of this section it does not matter whether the tax advantage is secured for the relevant company or for any other company.
##### 184I
- (1) Subsection (2) applies if—
- (a) the Board give a notice under section 184G or 184H (a “relevant notice”) to a company that specifies an accounting period, and
- (b) the notice is given before the company has made its company tax return for that accounting period.
- (2) If the company makes its return for that period before the end of the applicable 90 day period (see subsection (12)), it may—
- (a) make a return that disregards the notice, and
- (b) at any time after making the return and before the end of the applicable 90 day period, amend the return for the purpose of complying with the provision referred to in the notice.
- (3) If a company has made a company tax return for an accounting period, the Board may give the company a relevant notice in relation to that period only if a notice of enquiry has been given to the company in respect of its return for that period.
- (4) After any enquiries into the return for that period have been completed, the Board may give the company a relevant notice only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries into the return were completed, the Board could not have been reasonably expected, on the basis of information made available—
- (a) to them before that time, or
- (b) to an officer of theirs before that time,
to have been aware that the circumstances were such that a relevant notice could have been given to the company in relation to that period.
- (6) For the purposes of requirement A, paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 (information made available) applies as it applies for the purposes of paragraph 44(1).
- (7) Requirement B is that—
- (a) the company or any other person was requested to produce or provide information during an enquiry into the return for that period, and
- (b) if the request had been duly complied with, the Board could reasonably have been expected to give the company a relevant notice in relation to that period.
- (8) If—
- (a) a company makes a company tax return for an accounting period, and
- (b) the company is subsequently given a relevant notice that specifies that period,
it may amend the return for the purpose of complying with the provision referred to in the notice at any time before the end of the applicable 90 day period.
- (9) If the relevant notice is given to the company after it has been given a notice of enquiry in respect of its return for the period, no closure notice may be given in relation to its company tax return until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of its company tax return for the purpose of complying with the provision referred to in the notice.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the chargeable gain to which the notice relates until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of the company tax return for the purpose of complying with the provision referred to in the notice.
- (11) Subsections (2)(b) and (8) do not prevent a company tax return for a period becoming incorrect if—
- (a) a relevant notice is given to the company in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the provision referred to in the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*the applicable 90 day period*”, in relation to a relevant notice, means the period of 90 days beginning with the day on which the notice is given,
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998,
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of that Schedule, as read with paragraph 4 of that Schedule,
- “*discovery assessment*” means an assessment under paragraph 41 of that Schedule,
- “*notice of enquiry*” means a notice under paragraph 24 of that Schedule.
#### Exchange gains and losses from loan relationships: regulations
#### Company that gives mixed consideration
##### 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.
#### Company that receives mixed consideration: N exceeds C
#### Company that gives mixed consideration
#### Disposals by housing related bodies.
#### Trade or profession carried on in partnership
#### Location of certain intangible assets
##### A1
- (1) In determining the exempt amount available to the trustees of a settlement in relation to a year of assessment—
- (a) a principal settlement and its sub-fund settlements shall be treated, for the purposes of paragraphs 1 and 2 below, as if no sub-fund elections had been made, and
- (b) paragraph 3 below shall apply for the purposes of determining the exempt amount available to each member of the class consisting of a principal settlement and its sub-fund settlements.
- (2) The reference in sub-paragraph (1) above to a principal settlement and its sub-fund settlements means a principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
##### 3
- (1) The exempt amount available in relation to a year of assessment to the trustees of each settlement in the class consisting of a principal settlement and its sub-fund settlements shall be the exempt amount available to the trustees of the principal settlement in relation to the year, determined in accordance with paragraph 1 or 2 above as if no sub-fund elections had been made.
- (2) But if there are two or more non-excluded settlements in the class consisting of a principal settlement and its sub-fund settlements, the exempt amount available to the trustees of each settlement in the class in relation to the year shall be the amount specified in sub-paragraph (1) above divided by the number of non-excluded settlements in the class.
- (3) In this paragraph—
- “*excluded settlement*” has the meaning given by paragraph 2(7) above, and
- references to a settlement having sub-fund settlements, and similar expressions, are references to a settlement being the principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
## SCHEDULE 4ZA
### Making a sub-fund election
##### 1
The trustees of a settlement (the “principal settlement”) may elect that a fund or other specified portion of the settled property (the “sub-fund”) be treated, unless the context otherwise requires, as a separate settlement (the “sub-fund settlement”) for the purposes of this Act, and the election shall have effect.
##### 2
- (1) An election under paragraph 1 (a “sub-fund election”) must specify the date on which it is to be treated as having taken effect, which must not be later than the date on which it is made.
- (2) The election shall be treated as having taken effect—
- (a) at the beginning of the specified date, or
- (b) if there is a deemed disposal of an asset by the trustees of the principal settlement under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)), on the specified date immediately after the deemed disposal.
##### 3
Trustees may make a sub-fund election only if—
- (a) Conditions 1 to 4 are satisfied when the election is made, and
- (b) Conditions 2 to 4 were satisfied throughout the period beginning with the time when the election is to be treated as having taken effect and ending immediately before the election is made.
##### 4
Condition 1 is that the principal settlement is not itself a sub-fund settlement.
##### 5
Condition 2 is that the sub-fund is not the whole of the property comprised in the principal settlement.
##### 6
Condition 3 is that, if the sub-fund election had taken effect, the sub-fund settlement would not consist of or include an interest in an asset any other interest in which would be comprised in the principal settlement.
##### 7
For the purpose of Condition 3—
- (a) section 104(1) shall not have effect, and
- (b) “*interest*”, in relation to any asset, means an interest as a co-owner of the asset (whether the asset is owned jointly or in common and whether or not the interests of the co-owners are equal).
##### 8
Condition 4 is that, if the sub-fund election had taken effect, no person would be a beneficiary under both the sub-fund settlement and the principal settlement.
##### 9
- (1) For the purpose of Condition 4 a person is a beneficiary under a settlement—
- (a) if—
- (i) any property which is or may at any time be comprised in the settlement, or
- (ii) any derived property,
is, or will or may become, payable to him or applicable for his benefit in any circumstances whatsoever, or
- (b) if he enjoys a benefit deriving directly or indirectly from—
- (i) any property which is comprised in the settlement, or
- (ii) any derived property.
- (2) But for the purpose of Condition 4 a person is not to be regarded as a beneficiary under a settlement if property comprised in the settlement, or any derived property, will or may become payable to him or applicable for his benefit by reason only of—
- (a) his marrying, or entering into a civil partnership with, a beneficiary under the settlement,
- (b) the death of a beneficiary under the settlement,
- (c) the exercise by the trustees of the settlement of—
- (i) a power conferred by section 32 of the Trustee Act 1925 (c. 19) or section 33 of the Trustee Act (Northern Ireland) 1958 (c. 23 (N.I.)) (powers of advancement),
- (ii) a power conferred by the law of a jurisdiction other than England and Wales or Northern Ireland which makes provision similar to the provisions specified in sub-paragraph (i), or
- (iii) a power of advancement which is conferred by the instrument creating the principal settlement, or by another instrument made in accordance with the terms of the principal settlement, and which is subject to the same restrictions as those specified in section 32(1)(a) and (c) of the Trustee Act 1925, or
- (d) the failure or determination of trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts).
- (3) In this paragraph “*derived property*”, in relation to any property, means—
- (a) income from that property,
- (b) property directly or indirectly representing—
- (i) proceeds of that property, or
- (ii) proceeds of income from that property, or
- (c) income from property which is derived property by virtue of paragraph (b).
### Sub-fund elections: procedure
##### 10
A sub-fund election must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) in such form as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 11
A sub-fund election may not be made after the second 31st January after the year of assessment in which the date on which the election is to be treated as having taken effect falls.
##### 12
A sub-fund election must contain—
- (a) a declaration by each trustee of the principal settlement that he consents to the election,
- (b) a statement by the trustees of the principal settlement that the requirement in paragraph 3 is satisfied,
- (c) such information as the Commissioners for Her Majesty's Revenue and Customs may require in relation to the principal settlement (which may, in particular, include information relating to the trustees, the trusts, property which is or has been comprised in the settlement, the settlors or the beneficiaries),
- (d) a declaration by the trustees of the principal settlement that the information given in the election is correct, to the best of their knowledge and belief, and
- (e) such other declarations as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 13
A sub-fund election may not be revoked.
### Power to make enquiries
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Consequences of a sub-fund election
##### 17
The sub-fund settlement shall be treated, for the purposes of this Act, as having been created at the time when the sub-fund election is treated as having taken effect.
##### 18
- (1) Each trustee of the trusts on which the property comprised in the sub-fund settlement is held shall be treated as a trustee of the sub-fund settlement for the purposes of this Act.
- (2) A person who is a trustee of the sub-fund settlement shall be treated for the purposes of this Act, from the time when the election is treated as having taken effect, as having ceased to be a trustee of the principal settlement unless he is also a trustee of trusts on which property comprised in the principal settlement is held.
- (3) A person who is a trustee of the principal settlement shall not be treated for the purposes of this Act as a trustee of the sub-fund settlement unless he is also a trustee of trusts on which property comprised in the sub-fund settlement is held.
##### 19
The trustees of the sub-fund settlement shall be treated for the purposes of this Act as having become absolutely entitled, at the time when the sub-fund election is treated as having taken effect, to the property comprised in that settlement as against the trustees of the principal settlement.
##### 20
- (1) A deemed disposal by the trustees of the principal settlement of an asset under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)) shall be treated as having been made at the beginning of the date on which the sub-fund election is treated as having taken effect.
- (2) If the trustees of the sub-fund settlement have acquired an asset of which the trustees of the principal settlement are deemed to have disposed under section 71(1) (by virtue of paragraph 19), they shall be deemed to have acquired it at the time when the election is treated as having taken effect.
- (3) The trustees of the principal settlement shall not be treated as having disposed of an asset under section 80(2) by virtue of paragraph 18(2) if they are treated as having disposed of the same asset under section 71(1) by virtue of paragraph 19.
##### 21
If the trustees of the sub-fund settlement are treated by virtue of paragraph 19 as having become absolutely entitled to money expressed in sterling, for the purposes of this Act—
- (a) the trustees of the principal settlement shall be treated as having disposed of the money at the beginning of the day on which the sub-fund election is treated as having taken effect, and
- (b) the trustees of the sub-fund settlement shall be treated as having acquired the money at the time when the election is treated as having taken effect.
##### 22
- (1) If the trustees of the principal settlement are deemed to have disposed of an asset under section 71(1) (by virtue of paragraph 19), the trustees of the principal settlement shall be treated for the purposes of sections 90 and 94 as having transferred the asset to the trustees of the sub-fund settlement.
- (2) Sub-paragraph (1) also applies where the trustees of the principal settlement would be deemed to have disposed of money expressed in sterling under subsection (1) of section 71 if in that subsection—
- (a) the reference to “assets” were a reference to “property”, and
- (b) for “their” there were substituted “ its ”.
### Share loss relief
##### 125A
- (1) If loss relief under ... Chapter 6 of Part 4 of ITA 2007 or Chapter 5 of Part 4 of CTA 2010 (“share loss relief”) is obtained in respect of a loss or any part of a loss, no deduction is to be made in respect of the loss or (as the case may be) the part under this Act.
- (2) If a claim is made for share loss relief in respect of a loss accruing on the disposal of shares, section 30 has effect in relation to the disposal as if for the references in subsections (1)(b) and (5) to a tax-free benefit there were substituted references to any benefit whether tax-free or not.
- (3) All such adjustments of corporation tax on chargeable gains or capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of—
- (a) share loss relief being obtained in respect of an allowable loss, or
- (b) such relief not being obtained in respect of the whole or part of such a loss in respect of which a claim is made.
##### 151BA
- (1) This section applies for the purpose of identifying the securities or shares disposed of in any case where—
- (a) an individual or company (“the investor”) disposes of part of a holding of securities or shares (“the holding”), and
- (b) the holding includes securities or shares to which CITR is attributable in respect of one or more years of assessment or accounting periods that have been held by the investor continuously from the time they were issued until the disposal.
- (2) Any disposal by the investor of securities or shares included in the holding which have been acquired by the investor on different days is treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (3) If there is a disposal by the investor of securities or shares included in the holding which have been acquired by the investor on the same day, any of those securities or shares—
- (a) to which CITR is attributable, and
- (b) which have been held by the investor continuously from the time they were issued until the time of disposal,
are treated as disposed of after any other securities or shares included in the holding which were acquired by the investor on that day.
- (4) For the purposes of this section a holding of securities is any number of securities of a company which—
- (a) carry the same rights,
- (b) were issued under the same terms, and
- (c) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the securities grows or diminishes as securities carrying those rights and issued under those terms are acquired or disposed of.
- (5) For the purposes of this section a holding of shares is any number of shares in a company which—
- (a) are of the same class, and
- (b) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the shares grows or diminishes as shares of that class are acquired or disposed of.
- (6) Chapter 1 of Part 4 (share pooling, etc) has effect subject to this section.
- (7) Sections 104 to 107 (which make provision for the identification of securities and shares on a disposal) do not apply to securities or shares to which CITR is attributable.
- (8) In a case to which section 127 (equation of original shares and new holding) applies, shares included in the new holding are treated for the purposes of subsections (2) and (3) as acquired when the original shares were acquired.
- (9) In subsection (8)—
- (a) the reference to section 127 includes a reference to that section as it is applied by virtue of any enactment relating to chargeable gains, and
- (b) “*original shares*” and “*new holding*” have the same meaning as in section 127, or (as the case may be) that section as applied by virtue of the enactment in question.
- (10) In this section and sections 151BB and 151BC—
- (a) if the investor is an individual—
- (i) “*CITR*” has the meaning given by section 333 of ITA 2007,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 357 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 380 of that Act,
- (b) if the investor is a company—
- (i) “*CITR*” means relief under Part 7 of CTA 2010,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 240 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 267 of that Act.
##### 151BB
- (1) If—
- (a) an individual or company (“the investor”) holds shares in the CDFI which are of the same class and held in the same capacity (“the existing holding”),
- (b) there is a reorganisation affecting the existing holding as a result of an allotment which—
- (i) falls within section 126(2)(a) (an allotment of shares or debentures in respect of and in proportion to an original holding), and
- (ii) is not an allotment of corresponding bonus shares,
- (c) immediately after the reorganisation, CITR is attributable to the shares included in the existing holding or the shares or debentures allotted in respect of those shares, in respect of one or more years of assessment or accounting periods, and
- (d) if CITR is attributable to the shares included in the existing holding at that time, those shares have been held by the investor continuously from the time they were issued until the reorganisation,
sections 127 to 130 (treatment of share capital following a reorganisation) do not apply in relation to the existing holding.
- (2) Section 116(10) (reorganisations, conversions and reconstructions) does not apply in any case where the old asset consists of shares held (in the same capacity) by the investor—
- (a) that have been held by the investor continuously from the time they were issued until the relevant transaction, and
- (b) to which CITR is attributable immediately before that transaction.
In this subsection “old asset” and “the relevant transaction” have the meaning given by section 116.
- (3) For the purposes of subsection (1)—
- “*corresponding bonus shares*” means bonus shares that—are issued in respect of shares included in the existing holding, andare in the same company, are of the same class, and carry the same rights as, those shares,
- “*reorganisation*” has the meaning given in section 126.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions);
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) In this section “the CDFI” is to be read—
- (a) if the investor is an individual, in accordance with section 334(2) of ITA 2007,
- (b) if the investor is a company, in accordance with section 219(2) of CTA 2010.
##### 151BC
- (1) If—
- (a) an individual or company (“the investor”) holds shares in or debentures of a company (“company A”),
- (b) there is a reconstruction or amalgamation affecting that holding (“the existing holding”),
- (c) immediately before the reconstruction or amalgamation, CITR is attributable to the shares or debentures included in the existing holding in respect of one or more years of assessment or accounting periods, and
- (d) the shares or debentures included in the existing holding have been held by the investor continuously from the time they were issued until the reconstruction or amalgamation,
sections 135 and 136 (share exchanges and company reconstructions) do not apply in respect of the existing holding.
- (2) Subsection (1)(a) applies only if the shares or debentures are held by the investor in the same capacity.
- (3) For the purposes of subsection (1) a “*reconstruction or amalgamation*” means an issue by a company of shares in or debentures of that company in exchange for or in respect of shares in or debentures of company A.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions),
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) The investor is treated as disposing of any securities or shares which but for subsection (1) the investor—
- (a) would be treated as exchanging for other securities or shares by virtue of section 136, or
- (b) would be so treated but for section 137(1) (which restricts section 136 to genuine reconstructions).
##### 256A
- (1) This section applies if a charitable trust has a non-exempt amount under section 540 of ITA 2007 for a year of assessment.
- (2) Attributable gains of the charitable trust for the year of assessment may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 541 of ITA 2007.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 541 of ITA 2007, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 541 of ITA 2007.
- (5) See section 256B for the way in which gains are to be attributed to the non-exempt amount under this section.
- (6) In this section and section 256B a charitable trust's “attributable income”, and “attributable gains”, for a tax year have the same meaning as in Part 10 of ITA 2007 (see section 540 of that Act).
##### 256B
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256A.
- (2) The trustees of the charitable trust may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires the trustees of a charitable trust to make a specification under this section, and
- (b) the trustees have not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
### Deduction of trading losses or post-cessation expenditure etc
##### 261B
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 64 or 128 of ITA 2007 (trade or employment loss relief against general income) for a tax year in relation to an amount of loss, and
- (b) the person makes a claim under that section for the amount to be deducted in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount of loss, but
- (b) the person's total income for the tax year is nil or does not include any income from which the amount can be deducted.
- (3) A claim under this section is for determining so much of the amount of the loss (“*the relevant amount*”) as—
- (a) is not deducted in calculating the person's net income for the tax year, and
- (b) has not already been taken into account for the purposes of any relief for any other tax year or any year of assessment (whether under ITA 2007, this section or otherwise).
- (4) When the relevant amount can no longer be varied—
- (a) by the tribunal on appeal, or
- (b) on the order of a court,
it is treated for the purposes of capital gains tax as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (5) But so much of the relevant amount as exceeds the maximum amount (see section 261C) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (6) The excess may, however, be used in giving effect to any other loss relief under Part 4 of ITA 2007 (depending on the terms of the relief).
- (7) The amount treated as an allowable loss under this section—
- (a) is no longer to be regarded as an amount available for income tax relief, and
- (b) is not to be deductible from chargeable gains accruing to a person in any year of assessment that begins after the person has permanently ceased to carry on the trade, profession, vocation, employment or office in which the loss was made.
- (8) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year in which the loss was made in the trade, profession, vocation, employment or office.
- (9) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261C
- (1) For the purposes of section 261B “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if—
- (a) the provisions mentioned below were ignored, and
- (b) no account were taken of the event mentioned below.
- (2) The provisions are—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) section 3(1) (annual exempt amount), and
- (c) section 261B.
- (3) The event is any event—
- (a) which occurs after the date on which the relevant amount (see section 261B(3)) can no longer be varied by the tribunal on appeal or on the order of a court, and
- (b) in consequence of which the amount chargeable to capital gains tax is reduced as a result of an enactment relating to capital gains tax.
##### 261D
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 96 or 125 of ITA 2007 (post-cessation trade or property relief) for a tax year in relation to an amount, and
- (b) the person makes a claim under that section to deduct the amount in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount, but
- (b) the person's total income for the tax year is nil.
- (3) A claim under this section is for treating for the purposes of capital gains tax so much of the amount as is not deducted in calculating the person's net income for the tax year (“*the relevant amount*”) as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (4) But so much of the relevant amount as exceeds the maximum amount (see section 261E) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (5) The relevant amount is no longer to be regarded as an amount available for income tax relief.
- (6) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year mentioned in subsection (1) or (2) (as the case may be).
- (7) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261E
- (1) For the purposes of section 261D “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if the following were ignored.
- (2) The matters to be ignored are—
- (a) any allowable losses falling to be carried forward to that year from a previous year for the purposes of section 2(2),
- (b) section 3(1) (annual exempt amount), and
- (c) any relief under section 261B or 261D.
### Repurchase price under repos
##### 261F
- (1) This section applies if —
- (a) the repurchase price of UK shares, UK securities or overseas securities is treated by section 604(2), (4) or (5) of ITA 2007 (deemed increase in repurchase price: repos and options) as increased for the purposes of section 607 of that Act (treatment of price differences under repos),
- (b) condition A or B is met, and
- (c) section 263A does not apply.
- (2) Condition A is that, as a result of the increase, there is no difference for the purposes of section 607 of that Act between the sale price and the repurchase price.
- (3) Condition B is that, as a result of an exception in section 608 of that Act, section 607 of that Act does not apply.
- (4) The deemed increase of the repurchase price also has effect for capital gains tax purposes.
- (5) Expressions used in this section and in section 605 of ITA 2007 (deemed increase in repurchase price: other income tax purposes) have the same meanings in this section as in that section.
##### 261G
- (1) Subsections (2) and (3) apply if—
- (a) section 607 of ITA 2007 (treatment of price differences under repos) applies,
- (b) an amount is treated under that section as a payment of interest, and
- (c) section 263A does not apply.
- (2) If the repurchase price is more than the sale price, the repurchase price is treated for capital gains tax purposes as reduced by the amount of the payment of interest.
- (3) If the sale price is more than the repurchase price, the repurchase price is treated for capital gains tax purposes as increased by the amount of the payment of interest.
- (4) Expressions used in this section and in section 609 of ITA 2007 (additional income tax consequences of price differences under repos) have the same meanings in this section as in that section.
##### 261H
- (1) The Treasury may by regulations provide for section 261G to apply with modifications if the exception in section 608(2) of ITA 2007 (agreement not at arm's length) would otherwise prevent it from applying.
- (2) Regulations under this section may make different provision for different cases.
- (3) Regulations under this section may contain incidental, supplemental, consequential and transitional provision and savings.
- (4) The incidental, supplemental, and consequential provision may include modifications of section 261F (deemed manufactured payments: effect on repurchase price).
- (5) In this section “*modifications*” includes exceptions and omissions.
- (6) Accordingly, the power in subsection (1) includes power to provide for any provision of section 261G not to apply in relation to the case mentioned in that subsection.
##### 263F
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities),
- (d) section 263D (gains accruing to persons paying manufactured dividends), or
- (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 or 263D to apply with modifications is exercisable only so far as the section applies to cases falling within section 607 of ITA 2007 (treatment of price differences under repos).
- (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) Expressions used in this section and in section 612 of ITA 2007 (powers to modify repo provisions: non-standard repo cases) have the same meanings in this section as in that section.
##### 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) section 263D (gains accruing to persons paying manufactured dividends), 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 or 263D to apply with modifications is exercisable only so far as the section applies to cases falling within section 607 of ITA 2007 (treatment of price differences under repos).
- (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) Expressions used in this section and in section 613 of ITA 2007 (powers to modify repo provisions: redemption arrangements) have the same meanings in this section as in that section.
##### 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 or 263D, 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 a manufactured overseas dividend as mentioned in section 581(1) of ITA 2007 (manufactured overseas dividends), or
- (b) is treated as doing so for any purposes of Chapter 2 of Part 11 of that Act or regulations made under it (manufactured payments).
- (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) Subject to that, expressions used in this section and in section 582 of ITA 2007 (manufactured payments: powers about manufactured overseas dividends) have the same meanings in this section as in that section.
#### Disposals of interests in oil fields etc: ring fence provisions.
#### Chargeable events when bonds owned.
#### Deferred unascertainable consideration: election for treatment of loss
##### 285A
- (1) The following rules about European Economic Interest Groupings apply for the purposes of charging tax in respect of chargeable gains—
- *Rule 1*A grouping is treated as acting as the agent of its members.
- *Rule 2*The activities of a grouping are treated as those of its members acting jointly.
- *Rule 3*Each member of a grouping is treated as having a share of the grouping's property, rights and liabilities.
- *Rule 4*Any trade or profession carried on by the grouping is treated as carried on in partnership by members of the grouping.
- *Rule 5*A person is to be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping.
- (2) For the purposes of Rule 3, a member's share of any property, rights or liabilities of a grouping is determined according to the contract under which the grouping is established.
- (3) If the contract does not provide for this, the member's share is determined by reference to the share of the profits of the grouping to which the member is entitled under the contract.
- (4) If the contract does not provide for this either, the members are treated as having equal shares of the property, rights and liabilities of the grouping.
- (5) “*European Economic Interest Grouping*” means a European Economic Interest Grouping formed under Council Regulation [(EEC) No 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, Northern Ireland or elsewhere.
##### 16A
- (1) For the purposes of this Act, “*allowable loss*” does not include a loss accruing to a person if—
- (a) it accrues to the person directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage.
- (2) For the purposes of subsection (1)—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*tax advantage*” means—relief or increased relief from tax,repayment or increased repayment of tax,the avoidance or reduction of a charge to tax or an assessment to tax, orthe avoidance of a possible assessment to tax,and for the purposes of this definition “*tax*” means capital gains tax, corporation tax or income tax.
- (3) For the purposes of subsection (1) it does not matter—
- (a) whether the loss accrues at a time when there are no chargeable gains from which it could otherwise have been deducted, or
- (b) whether the tax advantage is secured for the person to whom the loss accrues or for any other person.
##### 210C
- (1) Section 18(3) does not apply in relation to a loss accruing on the disposal by an insurance company of authorised investment fund assets to the manager of the authorised investment fund.
- (2) In this section—
- “*authorised investment fund assets*” means assets held by the company for the purposes of its long-term business that consist of rights under an authorised unit trust or shares in an open-ended investment company,
- “*the manager of the authorised investment fund*” means—in the case of an authorised unit trust, the person who is the manager of the unit trust scheme for the purposes of Chapter 3 of Part 17 of the Financial Services and Markets Act 2000, andin the case of an open-ended investment company, a director or other person having responsibility for the management of its scheme property, and
- “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
##### 263AZA
- (1) A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if—
- (a) the individual acquired the certificate in connection with the generation of electricity by a microgeneration system,
- (b) the system is installed at or near domestic premises occupied by the individual, and
- (c) the individual intends that the amount of electricity generated by it will not significantly exceed the amount of electricity consumed in those premises.
- (2) In subsection (1)—
- “*domestic premises*” means premises used wholly or mainly as a separate private dwelling,
- “*microgeneration system*” has the same meaning as in section 4 of the Climate Change and Sustainable Energy Act 2006, and
- “*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.
#### Sections 184A and 184B: meaning of “qualifying change of ownership”
#### Chargeable event when replacement property owned.
##### 140GA
Sections 24 and 122 do not apply if—
- (a) a merger is effected by the transfer by a company (“the transferor company”) of all of its assets and liabilities to a single company that holds the whole of the ordinary share capital in the transferor company,
- (b) each merging company is resident in a member State,
- (c) the merging companies are not all resident in the same State,
- (d) section 139 does not apply in relation to the transfer, and
- (e) in the course of the merger the transferor company ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c. 55).
##### 14A
- (1) This section applies if—
- (a) by virtue of section 13, part of a chargeable gain that accrues to a company on the disposal of an asset is treated as accruing to an individual in a tax year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) The part of the chargeable gain treated as accruing to the individual (“the deemed chargeable gain”) is a foreign chargeable gain within the meaning of section 12 if (and only if) the asset is situated outside the United Kingdom.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained by the company on the disposal of the asset as deriving from the deemed chargeable gain, and
- (b) unless the consideration so obtained is of an amount at least equal to the market value of the asset, treat the asset as deriving from the deemed chargeable gain.
- (4) If—
- (a) the deemed chargeable gain is a foreign chargeable gain (within the meaning of section 12),
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the year mentioned in subsection (1), and
- (c) any of the deemed chargeable gain is remitted to the United Kingdom in a tax year after that year,
the chargeable gain treated under section 12(2) as accruing may not be reduced or extinguished under section 13(8).
##### 16ZA
- (1) In this section “*the relevant tax year*”, in relation to an individual, means the first tax year for which—
- (a) section 809B of ITA 2007 (claim for remittance basis) applies to the individual, and
- (b) the individual is not domiciled in the United Kingdom.
- (2) An individual may make an election under this section for the relevant tax year (in which case sections 16ZB and 16ZC have effect in relation to the individual for the relevant tax year and all subsequent tax years).
- (3) If an individual does not make such an election, foreign losses accruing to the individual in—
- (a) the relevant tax year, or
- (b) any subsequent tax year except one in which the individual is domiciled in the United Kingdom,
are not allowable losses.
- (4) Sections 42 and 43 of the Management Act (procedure and time limit for making claims), except section 42(1A) of that Act, apply in relation to an election under this section as they apply in relation to a claim for relief.
- (5) An election under this section is irrevocable.
- (6) In this section “*foreign loss*” means a loss accruing from the disposal of an asset situated outside the United Kingdom.
##### 16ZB
- (1) This section applies to an individual for a tax year (“the applicable tax year”) if—
- (a) the individual has made an election under section 16ZA,
- (b) foreign chargeable gains accrued to the individual in or after the relevant tax year (within the meaning of section 16ZA) but before the applicable tax year, and
- (c) by reason of the remission of any of the foreign chargeable gains to the United Kingdom, chargeable gains are treated under section 12 as accruing to the individual in the applicable tax year (“the relevant gains”).
- (2) Section 2(2) or (4) has effect for the applicable tax year as if the relevant gains had not accrued.
- (3) The amount on which the individual is charged to capital gains tax for the applicable tax year is (instead of the amount given by section 2(2) or (4)(b), as reduced under section 3) the sum of—
- (a) the adjusted taxable amount, and
- (b) the amount of the relevant gains.
- (4) “*The adjusted taxable amount*” is—
- (a) if section 3(1) (annual exempt amount) does not apply to the individual for the applicable tax year, the amount given by section 2(2) or (4)(b) as it has effect by virtue of subsection (2), and
- (b) otherwise, so much of that amount as exceeds the exempt amount for the applicable tax year (within the meaning of section 3).
- (5) In subsection (1) “*foreign chargeable gains*” has the meaning given by section 12(4).
- (6) For the purposes of subsection (1)(c) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
##### 16ZC
- (1) This section applies to an individual for a tax year if—
- (a) the individual has made an election under section 16ZA for the tax year or any earlier tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the tax year, and
- (c) the individual is not domiciled in the United Kingdom in the tax year.
- (2) The following steps apply for the purpose of calculating the amount on which the individual is to be charged to capital gains tax for the tax year.
- *Step 1*Deduct any relevant allowable losses from the chargeable gains referred to in subsection (3) in the order in which they appear there (starting with paragraph (a) of that subsection).If allowable losses are deductible from the chargeable gains referred to in subsection (3)(b) but are not enough to exhaust them all—those chargeable gains are to be ordered according to the day on which they accrued,the losses are to be deducted from those gains in reverse chronological order (starting with the last chargeable gain to accrue), andif allowable losses are deductible from chargeable gains that accrued on a particular day but are not enough to exhaust all of the chargeable gains that accrued on that day, the amount deducted from each of those chargeable gains is the appropriate proportion of the losses.In paragraph (c) “*the appropriate proportion*”, in relation to a chargeable gain, is the amount of that gain divided by the total amount of the chargeable gains that accrued on the day in question.
- *Step 2*Treat the amount referred to in section 2(2) or (4)(a) or 16ZB(3)(a) as being equal to—the amount it would be if there were no relevant allowable losses, minusthe total amount deducted under Step 1 from chargeable gains within subsection (3)(a) or (c).
- (3) The chargeable gains are—
- (a) foreign chargeable gains accruing to the individual in the tax year, to the extent that they are remitted to the United Kingdom in that year,
- (b) foreign chargeable gains accruing to the individual in that year, to the extent that they are not so remitted in that year, and
- (c) chargeable gains accruing to the individual in that year (other than foreign chargeable gains).
- (4) Chargeable gains treated as accruing under section 87 or 89(2) (read, where appropriate, with section 10A) are not within any paragraph of subsection (3).
- (5) Chargeable gains treated as accruing under section 12 are not within subsection (3)(c).
- (6) For the purposes of subsection (3) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
- (7) In this section—
- “*relevant allowable losses*” means the allowable losses that section 2(2) provides may be deducted from chargeable gains accruing to the individual in the tax year, and
- “*foreign chargeable gains*” has the meaning given by section 12(4).
##### 16ZD
- (1) This section applies if section 16ZC applies to an individual for a tax year.
- (2) Any allowable loss deducted under step 1 of section 16ZC(2) is to be regarded (for the purposes of section 2(2)(b)) as allowed as a deduction from chargeable gains accruing to the individual in the tax year.
- (3) If a deduction is made under step 1 of section 16ZC(2) from a foreign chargeable gain within section 16ZC(3)(b), the amount of the foreign chargeable gain is reduced by the amount deducted.
#### Disposals in cases of hire-purchase and similar transactions.
##### 35A
- (1) This section applies for the purposes of capital gains tax in relation to a disposal of an asset if—
- (a) the person making the disposal acquired the asset after 31 March 1982 and before 6 April 2008,
- (b) the disposal by which the person acquired the asset (“the relevant disposal”), and any previous disposal of the asset after 31 March 1982, was a disposal on which, by virtue of any enactment, neither a gain nor a loss accrued to the person making the disposal, and
- (c) section 35(2) did not apply to the relevant disposal.
- (2) It is to be assumed that section 35(2) did apply to the relevant disposal (and that section 56(2) applied to the relevant disposal accordingly).
#### Restriction of losses: long funding leases of plant or machinery
#### Death: application of law in Northern Ireland
##### 52A
This Chapter applies only for the purposes of corporation tax.
##### 87A
- (1) This section supplements section 87.
- (2) The following steps are to be taken for the purposes of matching capital payments with section 2(2) amounts.
- *Step 1*Find the section 2(2) amount for the relevant tax year.
- *Step 2*Find the total amount of capital payments received by the beneficiaries from the trustees in the relevant tax year.
- *Step 3*The section 2(2) amount for the relevant tax year is matched with—if the total amount of capital payments received in the relevant tax year does not exceed the section 2(2) amount for the relevant tax year, each capital payment so received, andotherwise, the relevant proportion of each of those capital payments.“*The relevant proportion*” is the section 2(2) amount for the relevant tax year divided by the total amount of capital payments received in the relevant tax year.
- *Step 4*If paragraph (a) of Step 3 applies—reduce the section 2(2) amount for the relevant tax year by the total amount of capital payments referred to there, andreduce the amount of those capital payments to nil.If paragraph (b) of that Step applies—reduce the section 2(2) amount for the relevant tax year to nil, andreduce the amount of each of the capital payments referred to there by the relevant proportion of that capital payment.
- *Step 5*Start again at Step 1 (unless subsection (3) applies).If the section 2(2) amount for the relevant tax year (as reduced under Step 4) is not nil, read references to capital payments received in the relevant tax year as references to capital payments received in the latest tax year which—is before the last tax year for which Steps 1 to 4 have been undertaken, andis a tax year in which capital payments (the amounts of which have not been reduced to nil) were received by beneficiaries.If the section 2(2) amount for the relevant tax year (as so reduced) is nil, read references to the section 2(2) amount for the relevant tax year as the section 2(2) amount for the latest tax year—which is before the last tax year for which Steps 1 to 4 have been undertaken, andfor which the section 2(2) amount is not nil.
- (3) This subsection applies if—
- (a) all of the capital payments received by beneficiaries from the trustees in the relevant tax year or any earlier tax year have been reduced to nil, or
- (b) the section 2(2) amounts for the relevant tax year and all earlier tax years have been reduced to nil.
- (4) The effect of any reduction under Step 4 of subsection (2) is to be taken into account in any subsequent application of this section.
##### 87B
- (1) This section applies if—
- (a) chargeable gains are treated under section 87 as accruing to an individual in a tax year,
- (b) section 809B, 809D or 809E (remittance basis) applies to the individual for that year, and
- (c) the individual is not domiciled in the United Kingdom in that year.
- (2) The chargeable gains are foreign chargeable gains within the meaning of section 12 (non-UK domiciled beneficiaries to whom remittance basis applies).
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.
- (4) For the purposes of subsection (3) property or a benefit is “relevant” if the capital payment by reason of which the chargeable gains are treated as accruing consists of—
- (a) the payment or transfer of the property or its becoming property to which section 60 applies, or
- (b) the conferring of the benefit.
##### 87C
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement, no account is to be taken of a capital payment (or a part of a capital payment) within subsection (2).
- (2) A capital payment is within this subsection if (and to the extent that) it is received (or treated as received) in a tax year from the trustees of the settlement by a company that—
- (a) is not resident in the United Kingdom in that year, and
- (b) would be a close company if it were resident in the United Kingdom,
(and is not treated under any of subsections (3) to (5) of section 96 as received by another person).
##### 90A
- (1) Section 90 does not apply to a transfer of settled property made for consideration in money or money's worth if the amount (or value) of that consideration is equal to or exceeds the market value of the property transferred.
- (2) The following provisions apply if—
- (a) section 90 applies to a transfer of settled property made for consideration in money or money's worth, and
- (b) the amount (or value) of that consideration is less than the market value of the property transferred.
- (3) If the transfer is of all of the settled property, for the purposes of section 90 treat the transfer as being of part only of the settled property.
- (4) Deduct the amount (or value) of the consideration from the amount of the market value referred to in section 90(4)(a).
##### 119B
- (1) For the purposes of section 119A reduce the amount that counts as employment income by so much of that amount (if any) as is unremitted foreign securities income.
- (2) In this section “*unremitted foreign securities income*” means income that—
- (a) is foreign securities income for the purposes of section 41A of ITEPA 2003 (employment income from ERS charged on remittance basis), 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 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 section 169L.
- (4) Section 169M makes provision requiring the making of a claim for entrepreneurs' relief.
- (5) Sections 169N to 169P make provision as to the amount of entrepreneurs' relief.
- (6) Sections 169Q and 169R make provision about reorganisations.
- (7) Section 169S contains interpretative provisions for the purposes of this Chapter.
##### 169I
- (1) There is a material disposal of business assets where—
- (a) an individual makes a disposal of business assets (see subsection (2)), and
- (b) the disposal of business assets is a material disposal (see subsections (3) to (7)).
- (2) For the purposes of this Chapter a disposal of business assets is—
- (a) a disposal of the whole or part of a business,
- (b) a disposal of (or of interests in) one or more assets in use, at the time at which a business ceases to be carried on, for the purposes of the business, or
- (c) a disposal of one or more assets consisting of (or of interests in) shares in or securities of a company.
- (3) A disposal within paragraph (a) of subsection (2) is a material disposal if the business is owned by the individual throughout the period of 1 year ending with the date of the disposal.
- (4) A disposal within paragraph (b) of that subsection is a material disposal if—
- (a) the business is owned by the individual throughout the period of 1 year ending with the date on which the business ceases to be carried on, and
- (b) that date is within the period of 3 years ending with the date of the disposal.
- (5) A disposal within paragraph (c) of subsection (2) is a material disposal if condition A or B is met.
- (6) Condition A is that, throughout the period of 1 year ending with the date of the disposal—
- (a) the company is the individual's personal company and is either a trading company or the holding company of a trading group, and
- (b) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7) Condition B is that the conditions in paragraphs (a) and (b) of subsection (6) are met throughout the period of 1 year ending with the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company,
and that date is within the period of 3 years ending with the date of the disposal.
- (8) For the purposes of this section—
- (a) an individual who disposes of (or of interests in) assets used for the purposes of a business carried on by the individual on entering into a partnership which is to carry on the business is to be treated as disposing of a part of the business,
- (b) the disposal by an individual of the whole or part of the individual's interest in the assets of a partnership is to be treated as a disposal by the individual of the whole or part of the business carried on by the partnership, and
- (c) at any time when a business is carried on by a partnership, the business is to be treated as owned by each individual who is at that time a member of the partnership.
##### 169J
- (1) There is a disposal of trust business assets where—
- (a) the trustees of a settlement make a disposal of settlement business assets (see subsection (2)),
- (b) there is an individual who is a qualifying beneficiary (see subsection (3)), and
- (c) the relevant condition is met (see subsections (4) and (5)).
- (2) In this Chapter “*settlement business assets*” means—
- (a) assets consisting of (or of interests in) shares in or securities of a company, or
- (b) assets (or interests in assets) used or previously used for the purposes of a business,
which are part of the settled property.
- (3) An individual is a qualifying beneficiary if the individual has, under the settlement, an interest in possession (otherwise than for a fixed term) in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the settlement business assets disposed of.
- (4) In relation to a disposal of settlement business assets within paragraph (a) of subsection (2) the relevant condition is that, throughout a period of 1 year ending not earlier than 3 years before the date of the disposal—
- (a) the company is the qualifying beneficiary's personal company and is either a trading company or the holding company of a trading group, and
- (b) the qualifying beneficiary is an officer or employee of the company or (if the company is a member of a group of companies) of one or more companies which are members of the trading group.
- (5) In relation to a disposal of settlement business assets within paragraph (b) of that subsection, the relevant condition is that—
- (a) the settlement business assets are used for the purposes of the business carried on by the qualifying beneficiary throughout the period of 1 year ending not earlier than 3 years before the date of the disposal, and
- (b) the qualifying beneficiary ceases to carry on the business on the date of the disposal or within the period of three years before that date.
- (6) In subsection (5)—
- (a) the reference to a business carried on by the qualifying beneficiary includes a business carried on by a partnership of which the qualifying beneficiary is a member, and
- (b) the reference to the qualifying beneficiary ceasing to carry on the business includes the qualifying beneficiary ceasing to be a member of the partnership or the partnership ceasing to carry on the business.
##### 169K
- (1) There is a disposal associated with a relevant material disposal if conditions A, B and C are met.
- (2) Condition A is that an individual makes a material disposal of business assets which consists of—
- (a) the disposal of the whole or part of the individual's interest in the assets of a partnership, or
- (b) the disposal of (or of interests in) shares in or securities of a company.
- (3) Condition B is that the individual makes the disposal as part of the withdrawal of the individual 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.
- (4) Condition C is that, throughout the period of 1 year ending with the earlier of—
- (a) the date of the material disposal of business assets, and
- (b) the cessation of the business of the partnership or company,
the assets which (or interests in which) are disposed of are in use for the purposes of the business.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
##### 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 goodwill) which are, or are interests in, assets to which subsection (3) applies, other than excluded assets (see subsection (4) below).
- (3) This subsection applies to assets which—
- (a) in the case of a material disposal of business assets, are assets used for the purposes of a business carried on by the individual or a partnership of which the individual is a member,
- (b) in the case of a disposal of trust business assets, are assets used for the purposes of a business carried on by the qualifying beneficiary or a partnership of which the qualifying beneficiary is a member, or
- (c) in the case of a disposal associated with a relevant material disposal, are assets used for the purposes of a business carried on by the partnership or company.
- (4) The following are excluded assets—
- (a) shares and securities, and
- (b) assets, other than shares or securities, which are held as investments.
##### 169M
- (1) Entrepreneurs' relief is to be given only on the making of a claim.
- (2) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
- (a) in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (3) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
- (4) A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.
##### 169N
- (1) Where a claim is made in respect of a qualifying business disposal—
- (a) the relevant gains (see subsection (5)) are to be aggregated, and
- (b) any relevant losses (see subsection (6)) are to be aggregated and deducted from the aggregate arrived at under paragraph (a).
- (2) The resulting amount is to be treated for the purposes of this Act as a chargeable gain accruing at the time of the disposal to the individual or trustees by whom the claim is made.
- (3) The rate of capital gains tax in respect of that gain is 10%, but this is subject to subsections (4) to (4B).
- (4) Subsections (4A) and (4B) apply if the aggregate of—
- (a) the gain mentioned in subsection (2), and
- (b) the total of so much of each amount resulting under subsection (1) by virtue of its operation in relation to earlier relevant qualifying business disposals (if any) as was—
- (i) charged at the rate in subsection (3), or
- (ii) subject to reduction under subsection (2) of this section as originally enacted,
exceeds £10 million.
- (4A) The rate in subsection (3) is to apply only to so much (if any) of the gain mentioned in subsection (2) as (when added to the total mentioned in subsection (4)(b)) does not exceed £10 million.
- (4B) Section 4 (rates of capital gains tax) is to apply to so much of the gain mentioned in subsection (2) as is not subject to the rate in subsection (3).
- (5) In subsection (1)(a) “*relevant gains*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), the gains accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of chargeable gains), and
- (b) otherwise, the gains accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed).
- (6) In subsection (1)(b) “*relevant losses*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), any losses accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of allowable losses, on the assumption that notice has been given under section 16(2A) in respect of them), and
- (b) otherwise, any losses accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed, on that assumption).
- (7) In subsection (4) “*earlier relevant qualifying business disposals*” means—
- (a) where the qualifying business disposal is made by an individual, earlier qualifying business disposals made by the individual and earlier disposals of trust business assets in respect of which the individual is the qualifying beneficiary, and
- (b) where the qualifying business disposal is a disposal of trust business assets in respect of which an individual is the qualifying beneficiary, earlier disposals of trust business assets in respect of which that individual is the qualifying beneficiary and earlier qualifying business disposals made by that individual.
- (8) If, on the same day, there is both a disposal of trust business assets in respect of which an individual is the qualifying beneficiary and a qualifying business disposal by the individual, this section applies as if the disposal of trust business assets were later.
- (9) Any gain or loss taken into account under subsection (1) is not to be taken into account under this Act as a chargeable gain or an allowable loss.
##### 169O
- (1) This section applies where, on a disposal of trust business assets, there is (in addition to the qualifying beneficiary) at least one other beneficiary who, at the material time, has an interest in possession in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of.
- (2) Only the relevant proportion of the amount which would otherwise result under subsection (1) of section 169N is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) For the purposes of this section “the relevant proportion” of an amount is the same proportion of the amount as that which, at the material time—
- (a) the qualifying beneficiary's interest in the income of the part of the settled property comprising the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of, bears to
- (b) the interests in that income of all the beneficiaries (including the qualifying beneficiary) who then have interests in possession in that part of the settled property.
- (5) In subsection (4) “*the qualifying beneficiary's interest*” means the interest by virtue of which he is the qualifying beneficiary (and not any other interest the qualifying beneficiary may have).
- (6) In this section “*the material time*” means the end of the latest period of 1 year which ends not earlier than 3 years before the date of the disposal and—
- (a) in the case of a disposal of settlement business assets within paragraph (a) of subsection (2) of section 169J, throughout which the conditions in paragraphs (a) and (b) of subsection (4) of that section are met, and
- (b) in the case of a disposal of settlement business assets within paragraph (b) of subsection (2) of that section, throughout which the business is carried on by the qualifying beneficiary.
##### 169P
- (1) This section applies where, on a disposal associated with a relevant material disposal, any of the conditions in subsection (4) is met.
- (2) Only such part of the amount which would otherwise result under subsection (1) of section 169N as is just and reasonable is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) The conditions referred to in subsection (1) are—
- (a) that the assets which (or interests in which) are disposed of are in use for the purposes of the business for only part of the period in which they are in the ownership of the individual,
- (b) that only part of the assets which (or interests in which) are disposed of are in use for the purposes of the business for that period,
- (c) that the individual is concerned in the carrying on of the business (whether personally, as a member of a partnership or as an officer or employee of a company which is the individual's personal company) for only part of the period in which the assets which (or interests in which) are disposed of are in use for the purposes of the business, and
- (d) that, for the whole or any part of the period for which the assets which (or interests in which) are disposed of are in use for the purposes of the business, their availability is dependent on the payment of rent.
- (5) In determining how much of an amount it is just and reasonable to bring into account under subsection (2) regard is to be had to—
- (a) in a case within paragraph (a) of subsection (4), the length of the period for which the assets are in use as mentioned in that paragraph,
- (b) in a case within paragraph (b) of that subsection, the part of the assets that are in use as mentioned in that paragraph,
- (c) in a case within paragraph (c) of that subsection, the length of the period for which the individual is concerned in the carrying on of the business as mentioned in that paragraph, and
- (d) in a case within paragraph (d) of that subsection, the extent to which any rent paid is less than the amount which would be payable in the open market for the use of the assets.
##### 169Q
- (1) This section applies where—
- (a) there is a reorganisation (within the meaning of section 126), and
- (b) the original shares and the new holding (within the meaning of that section) would fall to be treated by virtue of section 127 as the same asset.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the reorganisation involved a disposal of the original shares; and if such a claim is made section 127 does not apply.
- (3) An election under this section must be made—
- (a) if the reorganisation would (apart from section 127) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the reorganisation takes place.
- (5) The references in this section to a reorganisation (within the meaning of section 126) includes an exchange of shares or securities which is treated as such a reorganisation by virtue of section 135 or 136.
##### 169R
- (1) This section applies where the calculation under section 116(10)(a) would (apart from this section) have effect to produce a chargeable gain for an individual by reason of a relevant transaction.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the relevant transaction involved a disposal of the old asset; and if such a claim is made section 116(10) does not apply.
- (3) An election under this section must be made—
- (a) if the relevant transaction, so far as it relates to the old asset, would (apart from section 116(10)) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the relevant transaction takes place.
- (5) In this section, “old asset” and “relevant transaction” have the meaning given by section 116.
##### 169S
- (1) For the purposes of this Chapter “*a business*” means anything which—
- (a) is a trade, profession or vocation, and
- (b) is conducted on a commercial basis and with a view to the realisation of profits.
- (2) References in this Chapter to a disposal of an interest in shares in a company include a disposal of an interest in shares treated as made by virtue of section 122.
- (3) For the purposes of this Chapter “*personal company*”, in relation to an individual, means a company—
- (a) at least 5% of the ordinary share capital of which is held by the individual, and
- (b) at least 5% of the voting rights in which are exercisable by the individual by virtue of that holding.
- (4) For the purposes of subsection (3) if the individual holds any shares in the company jointly or in common with one or more other persons, the individual is to be treated as sole holder of so many of them as is proportionate to the value of the individual's share (and as able to exercise voting rights by virtue of that holding).
- (5) In this Chapter—
- “*disposal associated with a relevant material disposal*” has the meaning given by section 169K,
- “*disposal of business assets*” has the meaning given by section 169I(2),
- “*disposal of trust business assets*” has the meaning given by section 169J,
- “*employment*” has the meaning given by section 4 of ITEPA 2003,
- “*entrepreneurs' relief*” has the meaning given by section 169H(1),
- “*holding company*” has the same meaning as in section 165 (see section 165A),
- “*material disposal of business assets*” has the meaning given by section 169I,
- “*office*” has the meaning given by section 5(3) of ITEPA 2003,
- “*ordinary share capital*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007),
- “*qualifying business disposal*” has the meaning given by section 169H(2),
- “*relevant business asset*” has the meaning given by section 169L,
- “*rent*”, in relation to an asset, includes any form of consideration given for the use of the asset,
- “*securities*”, in relation to a company, includes any debentures of the company which are deemed by subsection (6) of section 251 to be securities for the purposes of that section,
- “*settlement business assets*” has the meaning given by section 169J(2),
- “*trade*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007), and
- “*trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A).
#### Restriction on set-off of pre-entry losses.
#### Part disposal to authority with compulsory powers.
##### 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
#### Disposal of know-how as part of disposal of all or part of a trade
#### Elections under section 279A
### Application of Schedule
##### A1
This Schedule applies only for the purposes of corporation tax.
### Outstanding section 2(2) amounts
##### 1A
- (1) The following steps are to be taken for the purpose of calculating the section 2(2) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 2(2) amount for the settlement for the relevant tax year and earlier tax years, as reduced under section 87A as it applies for the relevant tax year and earlier tax years.
- *Step 2*This Step applies if, by virtue of the matching of the section 2(2) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87 or 89(2) as accruing in the relevant tax year to a beneficiary who is not chargeable to tax for that year.Increase the section 2(2) amount for the applicable year (found under Step 1) by the amount of the chargeable gains.
- (2) For the purposes of Step 1 of sub-paragraph (1) take into account the effect of section 90 in relation to any transfer of settled property from or to the trustees of the settlement made in or before the relevant tax year.
- (3) For the purposes of this Schedule a beneficiary is “chargeable to tax” for a tax year if the beneficiary is resident or ordinarily resident in the United Kingdom in that year.
### Attribution of gains: remittance basis
##### 8AA
Section 87B (remittance basis) applies in relation to chargeable gains treated under paragraph 8 as accruing as it applies in relation to chargeable gains treated under section 87 as accruing.
##### 116A
- (1) Section 116 applies in accordance with the following assumptions if—
- (a) a holding that is a relevant holding for the purposes of section 490 of CTA 2009 (holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights) is held by a company both at the end of one accounting period and at the beginning of the next, and
- (b) that section applies to the holding for one of those periods but not for the other.
- (2) The assumptions in subsections (3) and (4) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the first of those periods.
- (3) The relevant holding is assumed to have ceased to be a relevant holding for the second of those periods as a result of a transaction such as is mentioned in section 116(1) (“the reorganisation transaction”) occurring at the beginning of that period.
- (4) In relation to the reorganisation transaction within subsection (3), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
- (5) The assumptions in subsections (6) and (8) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the second of those periods.
- (6) The holding is assumed to have become a relevant holding for the second of those periods as a result of the occurrence at the end of first period of a transaction such as is mentioned in section 116(1).
- (7) But subsection (6) does not apply if the first of those periods is a period at the end of which a disposal of the relevant holding is treated as having occurred under section 212 (annual deemed disposal of holdings of unit trusts etc by insurance companies).
- (8) In relation to the reorganisation transaction within subsection (6), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
##### 116B
- (1) If at any time section 521B of CTA 2009 (application of Part 5 of that Act to certain shares as rights under a creditor relationship) begins or ceases to apply in the case of a share held by the investing company it is treated for the purposes of this Act—
- (a) as having disposed of the share immediately before that time for consideration of an amount equal to the notional carrying value of the share at that time, and
- (b) as having immediately reacquired it for consideration of the same amount.
- (2) In this section—
- “*notional carrying value*” has the same meaning as in subsection (2) of section 521F of CTA 2009 (see subsection (3) of that section),
- “*investing company*” has the same meaning as it has for the purposes of Chapter 6A of Part 6 of that Act (shares accounted for as liabilities) (see section 521A(3) of that Act).
##### 151E
- (1) The Treasury may by regulations make provision for or in connection with bringing into account in prescribed circumstances for the purposes of this Act amounts to which section 328(1) of CTA 2009 does not apply because of section 328(3) or (4) of that Act.
- (2) The regulations may—
- (a) make different provision for different cases, and
- (b) make provision subject to an election or to other prescribed conditions.
##### 151F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151G
- (1) If the Treasury make regulations under section 533 of CTA 2009 (power to change conditions for non-qualifying shares) adding, varying or removing such a condition as is mentioned in subsection (1) of that section, they may also by regulations amend this Act so as to make provision for or in connection with taxation in the case of any asset or transaction that is or was mentioned in the condition.
- (2) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) make incidental, supplemental, consequential and transitional provisions and savings.
- (3) Regulations made under subsection (2)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.
##### 156ZA
- (1) This section applies if a company is entitled to relief under Chapter 7 of Part 8 of CTA 2009 (roll-over relief in case of realisation and reinvestment) as a result of—
- (a) section 898 of that Act (roll-over relief where pre-FA 2002 assets disposed of on or after 1 April 2002), or
- (b) section 899 of that Act (roll-over relief where degrouping charge on pre-FA 2002 asset arises on or after 1 April 2002).
- (2) The company is treated for the purposes of this Act as if the consideration for the disposal of the old asset were reduced by the amount available for relief.
- (3) Subsection (2) does not affect the treatment for any purpose of the Taxes Acts of the other party to any transaction involved in the disposal of the old asset or the expenditure on other assets.
- (4) In this section—
- “*the old asset*” has the same meaning as in Chapter 7 of Part 8 of CTA 2009 (see section 754(2)), and
- “*the Taxes Acts*” means the enactments relating to income tax, corporation tax or chargeable gains.
##### 156ZB
- (1) This section 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.
#### Information.
#### De-registration of registered pension schemes
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
##### 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) 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
- (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.
- (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).
#### Effect of election under section 279A
#### Variation of will or intestacy, etc: identification of settlor
#### Transfer between settlements: identification of settlor
##### 103A
- (1) This Act applies in relation to a relevant offshore fund as if—
- (a) the fund were a company, and
- (b) the rights of the participants in the fund were shares in the company.
- (2) An offshore fund is a relevant offshore fund if—
- (a) it is not constituted by a company or by two or more persons carrying on a trade or business in partnership, and
- (b) it is not a unit trust scheme (see section 99).
- (3) In this section and section 103B—
- “offshore fund” has the meaning given in section 355 of TIOPA 2010;
- “participant”, in relation to a fund, has the meaning given in section 362(1) of that Act.
##### 171B
- (1) This section applies where an election is made under section 171A.
- (2) The effect of the election is that the chargeable gain or allowable loss, or such amount of it as is specified in the election, is treated as accruing not to company A but to company B.
- (3) The gain or loss treated as accruing to company B is to be taken to accrue at the time that, had the election not been made, it would have accrued to company A.
- (4) Where company B is not resident in the United Kingdom, the gain or loss treated as accruing to it is to be taken to accrue in respect of a chargeable asset held by it.
- (5) For this purpose an asset is a “*chargeable asset*” in relation to a company at any time if any gain accruing to the company on a disposal of the asset by the company at that time would be a chargeable gain and would by virtue of section 10B form part of its chargeable profits for corporation tax purposes.
- (6) Any payment made by company A to company B or by company B to company A, in pursuance of an agreement between them in connection with the election—
- (a) is not to be taken into account in computing profits or losses of either company for corporation tax purposes, and
- (b) is not for any purposes of the Corporation Tax Acts to be regarded as a distribution,
provided it does not exceed the amount of the chargeable gain or allowable loss that is treated, as a result of the election, as accruing to company B.
##### 171C
- (1) This section applies where —
- (a) an election is made under section 171A in relation to a gain or loss, and
- (b) company B is an insurance company.
- (2) For the purposes of section 171A(1)(c), section 118 of the Finance Act 2012 (disposals of certain assets by and to insurance companies to fall outside the rule in section 171) is to be disregarded.
- (3) Subsection (2) does not apply if—
- (a) company A is an insurance company, and
- (b) the gain or loss arose in respect of the disposal of an asset that, immediately before the disposal, was held for the purposes of the company's long-term business.
- (4) The chargeable gain or allowable loss treated as accruing to company B as a result of the election is to be treated for the purposes of section 210A (ring-fencing of losses) as a non-BLAGAB chargeable gain or (as the case may be) a non-BLAGAB allowable loss.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 195A
- (1) Sections 195B to 195F apply for the purposes of corporation tax on chargeable gains.
- (2) In those sections—
- “*licence-consideration swap*” means a case where conditions A, B, C and D are met;
- “*mixed-consideration swap*” means a case where conditions A, B, C and E are met.
- (3) Condition A is that a company (“company A”) disposes of one or more UK licences to another company (“company B”), by way of a bargain at arm's length (“disposal A”).
- (4) Condition B is that company B disposes of one or more UK licences to company A, by way of a bargain at arm's length (“disposal B”).
- (5) Condition C is that either or both of the following paragraphs applies—
- (a) the licence, or at least one of the licences, comprised in disposal A relates to a developed area;
- (b) the licence, or at least one of the licences, comprised in disposal B relates to a developed area.
- (6) Condition D is that both—
- (a) disposal A is the only consideration given for disposal B, and
- (b) disposal B is the only consideration given for disposal A.
- (7) Condition E is that either—
- (a) disposal A is the only consideration given for disposal B, or
- (b) disposal B is the only consideration given for disposal A,
(and accordingly one of the disposals is part of the consideration given for the other disposal).
- (8) In this section and sections 195B to 196 a reference to disposal of a UK licence includes—
- (a) a disposal of an interest in a UK licence, and
- (b) a disposal of a UK licence, or an interest in a UK licence, only so far as the licence relates to part of the licensed area.
##### 195B
- (1) This section applies to a licence-consideration swap.
- (2) Each company participating in the swap is to be treated as follows.
- (3) As regards the licence, or each licence, which the company disposes of, the company is to be treated as if it had disposed of that licence for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the company.
- (4) In a case where the company acquires only one licence, the company is to be treated as if it had acquired the licence for a consideration of the same amount as the deemed disposal consideration.
- (5) In a case where the company acquires two or more licences, as regards each licence acquired, the company is to be treated as if it had acquired that licence for a consideration of—
$$DDC×ATA$where—DDC is the deemed disposal consideration,A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (6) In this section “*deemed disposal consideration*”, in relation to a company participating in the swap, means—
- (a) the amount of the consideration for which the company is, under subsection (3), treated as having disposed of its licence (if the company disposes of only one licence), or
- (b) the aggregate of all such amounts (if the company disposes of two or more licences).
##### 195C
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss loss amount (“N”) of the company that receives the mixed consideration (“company R”), exceeds
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) In a case where company R acquires only one licence, company R is to be treated as if it had acquired the licence for a consideration of—
$N-C$
- (3) In a case where company R acquires two or more licences, as regards each licence acquired, company R is to be treated as if it had acquired the licence for a consideration of—
$$(N-C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company R of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company R is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company G”) subsequently disposes of the licence, company R's acquisition of the licence is to be treated as company G's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company R is a reference to—
- (a) in a case where company R disposes of only one licence, company R's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company R disposes of two or more licences, the aggregate of company R's no gain/no loss amounts in relation to all of those disposals.
##### 195D
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss amount (“N”) of the company that receives the mixed consideration (“company R”) does not exceed
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) As regards the licence, or each licence, which company R acquires, company R is to be treated as if it had acquired the licence for nil consideration.
- (3) In a case where company R disposes of only one licence, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$C-N$
- (4) In a case where company R disposes of two or more licences, as regards each licence disposed of, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$$(C-N)×DTD$where—D is the value of the licence disposed of, and TD is total value of all the licences disposed of.$
##### 195E
- (1) This section applies to a mixed-consideration swap—
- (a) whatever the no gain/no loss amount (“N”) of the company that gives the mixed consideration (“company G”), and
- (b) whatever the amount of the non-licence consideration (“C”) which company G gives.
- (2) In a case where company G acquires only one licence, company G is to be treated as if it had acquired the licence for a consideration of—
$N+C$
- (3) In a case where company G acquires two or more licences, as regards each licence acquired, company G is to be treated as if it had acquired the licence for a consideration of—
$$(N+C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company G of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company G is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company R”) subsequently disposes of the licence, company G's acquisition of the licence is to be treated as company R's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company G is a reference to—
- (a) in a case where company G disposes of only one licence, company G's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company G disposes of two or more licences, the aggregate of company G's no gain/no loss amounts in relation to all of those disposals.
##### 198A
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for roll-over relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 152 does not apply to any of the disposal consideration, and
- (b) any gain accruing to P on the disposal is not a chargeable gain.
- (4) In this section “*disposal consideration*” means the whole of the consideration obtained on the disposal made by P.
##### 198B
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for section 153 relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 153(1)(a) applies in relation to P and the disposal, but
- (b) section 153(1)(b) does not apply to P and the acquisition.
##### 198C
- (1) This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets (“the old assets”) declares, in P's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied in the acquisition of, or of an interest in, other assets (“the new assets”),
- (b) that the acquisition will take place as mentioned in section 152(3),
- (c) that the disposal and acquisition will be a ring fence reinvestment,
- (d) that P intends to make a claim under section 198A or 198B in relation to the disposal and acquisition, and
- (e) that P has not made, and will not make, a declaration under section 153A in relation to the disposal and acquisition.
- (2) Until the declaration ceases to have effect, section 198A or 198B applies as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim made under section 198A or 198B, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) If—
- (a) P makes a declaration under this section, and
- (b) the disposal and acquisition is not a ring fence reinvestment, but qualifies for roll-over relief or section 153 relief,
on P making a claim, the declaration is to have effect as also a declaration under section 153A.
- (6) In this section “*the relevant day*” means—
- (a) in relation to capital gains tax, the third anniversary of the 31st January next following the year of assessment in which the disposal of, or of the interest in, the old assets took place, and
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (7) Section 152(6), (10) and (11) apply for the purposes of this section as they apply for the purposes of section 152.
##### 198D
- (1) If P makes a claim under section 198A or 198B, no other relevant claim may be made in respect of the relevant acquisition.
- (2) P may make a claim under section 198A or 198B (“the new claim”), if P has previously made a claim under section 152 or 153 (“the previous claim”) in respect of the relevant acquisition.
- (3) But P may make the new claim only if the previous claim is withdrawn at or before the time the new claim is made.
- (4) If the new claim is made in accordance with subsections (2) and (3), all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section—
- “*relevant acquisition*” means the acquisition of the new assets that is comprised in the disposal and acquisition to which a claim under section 198A or 198B or declaration under section 198C relates;
- “*relevant claim*” means a claim under section 152, 153, 198A or 198B.
##### 198E
- (1) This section applies for the purposes of sections 198A to 198G.
- (2) A disposal and acquisition is a ring fence reinvestment if—
- (a) the disposal was—
- (i) a material disposal, or
- (ii) a disposal of a UK licence which relates to an undeveloped area,
- (b) the old assets were used only for the purposes of P's ring fence trade,
- (c) the new assets are taken into use, and used only, for the purposes of one or more of the following trades—
- (i) P's ring fence trade;
- (ii) if P is a member of a group of companies (within the meaning given in section 170), a ring fence trade of another member of that group, and
- (d) the new assets are oil assets.
- (3) If the disposal consists of—
- (a) disposal of a licence to which section 195D(3) applies, or
- (b) disposal of two or more licences to which section 195D(4) applies,
the consideration for the disposal is to be taken to be the whole of the non-licence consideration obtained on the disposal (which is referred to as “*C*” in section 195D).
- (4) Accordingly, in sections 198A to 198G (including section 198A(4)), any reference to the consideration obtained on the disposal has effect subject to subsection (3).
- (5) Each of the following is an “*oil asset*” for the purposes of this section—
- (a) an interest in oil to be won from an oil field,
- (b) an asset used in connection with an oil field,
- (c) a structure which is to be placed on the seabed of the United Kingdom continental shelf,
- (d) an asset used wholly in the winning of oil, or in the measuring of oil won, in the United Kingdom otherwise than from an oil field,
- (e) an asset used for the initial treatment or storage of oil in the United Kingdom,
- (f) an asset used for the transportation of oil from an oil field to the United Kingdom, and
- (g) a UK licence which relates to an undeveloped area.
- (6) Section 12 of the Oil Taxation Act 1975 (interpretation of Part 1 of that Act) applies for the interpretation of subsection (5)(a) to (f).
- (7) Expressions used in this section and in section 152 have the same meanings in this section as in section 152.
- (8) In this section a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
- (9) In this section—
- “*material disposal*” has the meaning given in section 197;
- “*ring fence trade*” has the meaning given in section 198.
##### 198F
- (1) This section applies for the purposes of sections 198A and 198B and section 198G.
- (2) A disposal and acquisition qualifies for roll-over relief if—
- (a) the consideration for the disposal is applied in an acquisition as mentioned in section 152(1), and
- (b) section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.
- (4) Section 152(8) is to be disregarded.
- (5) Section 198A is to be disregarded.
- (6) Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).
##### 198G
- (1) This section applies for the purposes of sections 198B and 198C.
- (2) A disposal and acquisition qualifies for section 153 relief if—
- (a) section 153(1) applies to part of the amount or value of the consideration for the disposal,
- (b) section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and
- (c) the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.
- (4) Section 153(2) has effect subject to section 198F(4) and (5).
- (5) Section 198B is to be disregarded.
- (6) Subject to subsections (4) and (5), all the circumstances are to be taken into account, including section 198(1).
##### 263CA
- (1) This section applies where, in the case of any stock lending arrangement—
- (a) the borrower (B) becomes insolvent after the lender (L) has transferred the securities,
- (b) as a result of the insolvency, the requirement for B to make a transfer back to L will not be complied with as regards some or all of the securities,
- (c) collateral is used (whether directly or indirectly) to enable L to acquire securities (“replacement securities”) of the same description as the securities which will not be transferred back, and
- (d) the replacement securities are acquired before the end of the period of 30 days beginning with the day on which B becomes insolvent (“the insolvency date”).
- (2) In accordance with section 263B(2), the transfer of the securities under the arrangement is not to be regarded as a disposal by L for the purposes of this Act (but this is subject to subsection (5)).
- (3) B is to be treated for the purposes of this Act as having acquired the securities which will not be transferred back to L; and that acquisition is to be treated—
- (a) as being made on the insolvency date, and
- (b) as being for a consideration equal to their market value on that date.
- (4) The acquisition of the replacement securities is to be treated, as regards L, as if it were a transfer back of securities in accordance with the arrangement (so that, in accordance with section 263B(2), that acquisition is not regarded as an acquisition by L for the purposes of this Act).
- (5) If the number of replacement securities is less than the number of securities which B is treated as having acquired, L is to be treated for the purposes of this Act as having made a disposal, at the insolvency date, of the difference (“the deemed disposal”).
- (6) The consideration for the deemed disposal is—
- (a) where all the collateral is used to enable L to acquire replacement securities, nil, and
- (b) where not all the collateral is so used, the difference between—
- (i) the market value (at the insolvency date) of the number of securities which could have been acquired using the collateral, and
- (ii) the market value (at that date) of the number of securities which were in fact so acquired.
- (7) But if L at any time receives any amount (whether arising out of B's insolvency or otherwise) in respect of B's liability to L in respect of the securities which are treated under subsection (5) as having been disposed of by L that amount is to be treated as a chargeable gain accruing at that time to L.
- (8) The liability mentioned in subsection (7) is not to be treated as giving rise to a relevant non-lending relationship for the purposes of Part 6 of CTA 2009 (relationships treated as loan relationships etc).
- (9) For the purposes of this section, B becomes insolvent—
- (a) if a company voluntary arrangement takes effect under Part 1 of the Insolvency Act 1986,
- (b) if an administration application (within the meaning of Schedule B1 to that Act) is made or a receiver or manager, or an administrative receiver, is appointed,
- (c) on the commencement of a creditor's voluntary winding up (within the meaning of Part 4 of that Act) or a winding up by the court under Chapter 6 of that Part,
- (d) if an individual voluntary arrangement takes effect under Part 8 of that Act,
- (e) on the presentation of a bankruptcy petition (within the meaning of Part 9 of that Act),
- (f) if a compromise or arrangement takes effect under Part 26 of the Companies Act 2006,
- (g) if a bank insolvency order takes effect under Part 2 of the Banking Act 2009,
- (h) if a bank administration order takes effect under Part 3 of that Act, or
- (i) on the occurrence of any corresponding event which has effect under or as a result of the law of Scotland or Northern Ireland or a country or territory outside the United Kingdom.
- (10) In this section—
- (a) “*collateral*” means an amount of money or other property which—
- (i) is provided under the arrangement (or under arrangements of which the arrangement forms part), and
- (ii) is payable to or made available for the benefit of L for the purpose of securing the discharge of the requirement to transfer any or all of the securities back to L, and
- (b) any expression used in this section and in section 263B has the same meaning as in that section.
#### De-registration of registered pension schemes
##### 37A
- (1) This section applies if—
- (a) a disposal occurs that is within section 614BP of ITA 2007 (including that section as it has effect as a result of section 614CD of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 11A of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (2) This section also applies if—
- (a) a disposal occurs that is within section 915 of CTA 2010 (including that section as it has effect as a result of section 929 of that Act), and
- (b) for the purposes of Chapter 2 or 3 of Part 21 of that Act there is any cumulative accountancy rental excess in relation to the lease for the period of account of the current lessor in which the disposal takes place.
- (3) In determining for the purposes of this Act the amount of any gain accruing to the person making the disposal, the consideration for the disposal is treated as reduced by setting against it that excess (but not so as to reduce the amount of that consideration below nil).
- (4) Subsection (3) only affects section 37 so far as subsection (5) provides.
- (5) Section 37 does not exclude any money or money's worth from the consideration for a disposal so far as it is represented by any such cumulative accountancy rental excess that, in accordance with subsection (3)—
- (a) falls to be set against the consideration for the disposal, or
- (b) has fallen to be set against the consideration for a previous disposal made by the person making the disposal in question or a person connected with that person.
- (6) Subsections (7) to (9) apply if the disposal mentioned in subsection (1) or (2) is a part disposal of the asset in question.
- (7) The cumulative accountancy rental excess mentioned in subsection (3) must be apportioned between—
- (a) the property disposed of, and
- (b) the property that remains undisposed of.
- (8) That apportionment must be made in the same proportions as those in which the sums that under section 38(1)(a) or (b) are attributable to the asset fall to be apportioned under section 42.
- (9) Only so much of the cumulative accountancy rental excess as is so apportioned to the property disposed of is set against the consideration for the part disposal in accordance with subsection (3).
- (10) If subsection (3) applies in a case where two or more disposals within subsection (1) or (2) are made at the same time, the cumulative accountancy rental excess mentioned in subsection (3) must be apportioned, subject to subsections (7) to (9), between the disposals in such proportions as are just and reasonable.
- (11) Section 614DC of ITA 2007 (connected persons) applies for the purposes of this section in its application as a result of any leasing arrangements (within the meaning of that section) as it applies for the purposes mentioned in that section.
### Chapter 4 — Alternative finance arrangements
### Introduction
##### 151H
- (1) This Chapter makes provision about the treatment of alternative finance arrangements with financial institutions and alternative finance return under such arrangements for the purposes of this Act (see sections 151T to 151Y).
- (2) In this Chapter “*alternative finance arrangements*” means—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, and
- (e) investment bond arrangements.
- (3) In this Chapter—
- (a) “*purchase and resale arrangements*” means arrangements to which section 151J applies,
- (b) “*diminishing shared ownership arrangements*” means arrangements to which section 151K applies,
- (c) “*deposit arrangements*” means arrangements to which section 151L applies,
- (d) “*profit share agency arrangements*” means arrangements to which section 151M applies, and
- (e) “*investment bond arrangements*” means arrangements to which section 151N applies.
- (4) For the meaning of “alternative finance return”, see sections 151P to 151S.
- (5) For the meaning of “financial institution”, see section 151I.
- (6) Also, see—
- (a) section 366 of TIOPA 2010 (power to extend this Chapter and other provisions to other arrangements by order), and
- (b) Schedule 61 to FA 2009 (alternative finance investment bonds) which makes further provision about the treatment of investment bond arrangements for the purposes of this Act.
##### 151I
- (1) In this Chapter “*financial institution*” means—
- (a) a bank, as defined by section 1120 of CTA 2010,
- (b) a building society,
- (c) a wholly-owned subsidiary—
- (i) of a bank within paragraph (a), or
- (ii) of a building society,
- (d) a person authorised by a licence under Part 3 of the Consumer Credit Act 1974 to carry on a consumer credit business or consumer hire business within the meaning of that Act,
- (e) a bond-issuer, within the meaning of section 151N, but only in relation to any bond assets which are rights under purchase and resale arrangements, diminishing shared ownership arrangements or profit share agency arrangements,
- (f) a person authorised in a jurisdiction outside the United Kingdom—
- (i) to receive deposits or other repayable funds from the public, and
- (ii) to grant credits for its own account,
- (g) an insurance company as defined in section 65 of the Finance Act 2012, or
- (h) a person who is authorised in a jurisdiction outside the United Kingdom to carry on a business which consists of effecting or carrying out contracts of insurance or substantially similar business but not an insurance special purpose vehicle as defined in section 139(1) of the Finance Act 2012.
- (2) For the purposes of subsection (1)(c) a company is a wholly-owned subsidiary of a bank or building society (“the parent”) if it has no members except—
- (a) the parent or persons acting on behalf of the parent, and
- (b) the parent's wholly-owned subsidiaries or persons acting on behalf of the parent's wholly-owned subsidiaries.
### Arrangements that are alternative finance arrangements
##### 151J
- (1) This section applies to arrangements if—
- (a) they are entered into between two persons (“*the first purchaser*” and “*the second purchaser*”), one or both of whom are financial institutions, and
- (b) under the arrangements—
- (i) the first purchaser purchases an asset and sells it to the second purchaser,
- (ii) the sale occurs immediately after the purchase or in the circumstances mentioned in subsection (2),
- (iii) all or part of the second purchase price is not required to be paid until a date later than that of the sale,
- (iv) the second purchase price exceeds the first purchase price, and
- (v) the excess equates, in substance, to the return on an investment of money at interest.
- (2) The circumstances are that—
- (a) the first purchaser is a financial institution, and
- (b) the asset referred to in subsection (1)(b)(i) was purchased by the first purchaser for the purpose of entering into arrangements within this section.
- (3) In this section—
- “*the first purchase price*” means the amount paid by the first purchaser in respect of the purchase, and
- “*the second purchase price*” means the amount payable by the second purchaser in respect of the sale.
- (4) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from this section and sections 151K to 151N).
##### 151K
- (1) This section applies to arrangements if under them—
- (a) a financial institution (“the first owner”) acquires a beneficial interest in an asset,
- (b) another person (“the eventual owner”) also acquires a beneficial interest in it,
- (c) the eventual owner is to make payments to the first owner amounting in aggregate to the consideration paid for the acquisition of the first owner's beneficial interest (but subject to any adjustment required for such a reduction as is mentioned in subsection (5)),
- (d) the eventual owner is to acquire the first owner's beneficial interest (whether or not in stages) as a result of those payments,
- (e) the eventual owner is to make other payments to the first owner (whether under a lease forming part of the arrangements or otherwise),
- (f) the eventual owner has the exclusive right to occupy or otherwise to use the asset, and
- (g) the eventual owner is exclusively entitled to any income, profit or gain arising from or attributable to the asset (including, in particular, an increase in its value).
- (2) For the purposes of subsection (1)(a) it does not matter if—
- (a) the first owner acquires its beneficial interest from the eventual owner,
- (b) the eventual owner, or another person who is not the first owner, also has a beneficial interest in the asset, or
- (c) the first owner also has a legal interest in it.
- (3) Subsection (1)(f) does not prevent the eventual owner from granting an interest or right in relation to the asset if the conditions in subsection (4) are met.
- (4) The conditions are that—
- (a) the grant is not to—
- (i) the first owner,
- (ii) a person controlled by the first owner, or
- (iii) a person controlled by a person who also controls the first owner, and
- (b) the grant is not required by the first owner or arrangements to which the first owner is a party.
- (5) Subsection (1)(g) does not prevent the first owner from—
- (a) having responsibility for any reduction in the asset's value, or
- (b) having a share in a loss arising out of any such reduction.
- (6) Section 1124 of CTA 2010 (meaning of “control”) applies for the purposes of this section.
- (7) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from section 151J, this section and sections 151L to 151N).
##### 151L
- (1) This section applies to arrangements if under them—
- (a) a person (“the depositor”) deposits money with a financial institution,
- (b) the money, together with money deposited with the institution by other persons, is used by it with a view to producing a profit,
- (c) from time to time the institution makes or credits a payment to the depositor out of profit resulting from the use of the money,
- (d) the payment is in proportion to the amount deposited by the depositor, and
- (e) the payments so made or credited by the institution equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J, 151K, this section and sections 151M and 151N).
##### 151M
- (1) This section applies to arrangements if under them—
- (a) a person (“*the principal*”) appoints an agent,
- (b) one or both of the principal and agent is a financial institution,
- (c) the agent uses money provided by the principal with a view to producing a profit,
- (d) the principal is entitled, to a specified extent, to profits resulting from the use of the money,
- (e) the agent is entitled to any additional profits resulting from its use (and may also be entitled to a fee paid by the principal), and
- (f) payments made because of the principal's entitlement to profits equate, in substance, to the return on an investment of money at interest.
- (2) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151L, this section and section 151N).
##### 151N
- (1) This section applies to arrangements if—
- (a) they provide for one person (“the bond-holder”) to pay a sum of money (“the capital”) to another (“the bond-issuer”),
- (b) they identify assets, or a class of assets, which the bond-issuer will acquire for the purpose of generating income or gains directly or indirectly (“the bond assets”),
- (c) they specify a period at the end of which they cease to have effect (“the bond term”),
- (d) the bond-issuer undertakes under the arrangements—
- (i) to dispose at the end of the bond term of any bond assets which are still in the bond-issuer's possession,
- (ii) to make a repayment of the capital (“the redemption payment”) to the bond-holder during or at the end of the bond-term (whether or not in instalments), and
- (iii) to pay to the bond-holder other payments on one or more occasions during or at the end of the bond term (“additional payments”),
- (e) the amount of the additional payments does not exceed an amount which would be a reasonable commercial return on a loan of the capital,
- (f) under the arrangements the bond-issuer undertakes to arrange for the management of the bond assets with a view to generating income sufficient to pay the redemption payment and additional payments,
- (g) the bond-holder is able to transfer the rights under the arrangements to another person (who becomes the bond-holder because of the transfer),
- (h) the arrangements are a listed security on a recognised stock exchange, and
- (i) the arrangements are wholly or partly treated in accordance with international accounting standards as a financial liability of the bond-issuer, or would be if the bond-issuer applied those standards.
- (2) For the purposes of subsection (1)—
- (a) the bond-issuer may acquire bond assets before or after the arrangements take effect,
- (b) the bond assets may be property of any kind, including rights in relation to property owned by someone other than the bond-issuer,
- (c) the identification of the bond assets mentioned in subsection (1)(b) and the undertakings mentioned in subsection (1)(d) and (f) may (but need not) be described as, or accompanied by a document described as, a declaration of trust,
- (d) a reference to the management of assets includes a reference to disposal,
- (e) the bond-holder may (but need not) be entitled under the arrangements to terminate them, or participate in terminating them, before the end of the bond term,
- (f) the amount of the additional payments may be—
- (i) fixed at the beginning of the bond term,
- (ii) determined wholly or partly by reference to the value of or income generated by the bond assets, or
- (iii) determined in some other way,
- (g) if the amount of the additional payments is not fixed at the beginning of the bond term, the reference in subsection (1)(e) to the amount of the additional payments is a reference to the maximum amount of the additional payments,
- (h) the amount of the redemption payment may (but need not) be subject to reduction in the event of a fall in the value of the bond assets or in the rate of income generated by them, and
- (i) entitlement to the redemption payment may (but need not) be capable of being satisfied (whether or not at the option of the bond-issuer or the bond-holder) by the issue or transfer of shares or other securities.
- (3) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151M and this section).
##### 151O
- (1) Arrangements to which this section applies are not—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, or
- (e) investment bond arrangements.
- (2) This section applies to arrangements if—
- (a) apart from this section they would be alternative finance arrangements,
- (b) subsection (3) or (5) of section 147 of TIOPA 2010 (tax calculations to be based on arm's length, not actual, provision) requires the profits and losses of a person who is a party to the arrangements to be calculated for tax purposes as if the arm's length provision (within the meaning of that section) had been made or imposed rather than in accordance with the arrangements,
- (c) any person who is an affected person for the purposes of Part 4 of that Act (“the affected person”) is entitled to—
- (i) relevant return in relation to the arrangements, or
- (ii) an amount representing relevant return in relation to them, and
- (d) the affected person is not subject—
- (i) to income tax or corporation tax, or
- (ii) to any corresponding tax under the law of a territory outside the United Kingdom,
on the relevant return or the amount representing it.
- (3) In this section “*relevant return*”, in relation to arrangements, means any amount which would be alternative finance return if the arrangements were alternative finance arrangements.
### Meaning of “alternative finance return”
##### 151P
- (1) In the case of purchase and resale arrangements, so much of the second purchase price as is specified under the following provisions of this section is alternative finance return for the purposes of this Chapter.
- (2) If under the arrangements the whole of the second purchase price is paid on one day, the alternative finance return equals the amount by which the second purchase price exceeds the first purchase price.
- (3) If under the arrangements the second purchase price is paid by instalments, the alternative finance return in each instalment equals the appropriate amount.
- (4) The appropriate amount is an amount equal to the interest which would have been included in the instalment on the assumptions in subsection (5).
- (5) The assumptions are that—
- (a) interest is payable on a loan by the first purchaser to the second purchaser of an amount equal to the first purchase price,
- (b) the total interest payable on the loan is equal to the amount by which the second purchase price exceeds the first purchase price,
- (c) the instalment is a part repayment of the principal of the loan with interest, and
- (d) the loan is made on arm's length terms and accounted for under generally accepted accounting practice.
- (6) In this section expressions used in section 151J have the same meaning as in that section.
##### 151Q
- (1) If, in the case of purchase and resale arrangements, alternative finance return is paid in a currency other than sterling—
- (a) by or to a person other than a company, and
- (b) otherwise than for the purposes of a trade, profession or vocation or a property business,
subsections (2) and (3) apply as respects that person.
- (2) The amount of the excess referred to in section 151P(2) and (5)(b) and the appropriate amount for the purposes of section 151P(3) and (4) are to be calculated in that other currency.
- (3) The amount of each payment of alternative finance return is to be translated into sterling at a spot rate of exchange for the day on which the payment is made.
##### 151R
- (1) In the case of diminishing shared ownership arrangements, payments by the eventual owner under the arrangements are alternative finance return for the purposes of this Chapter, except so far as subsection (2) or (3) applies to them.
- (2) This subsection applies to the payments so far as they amount to payments of the kind described in section 151K(1)(c) (payments to be made by the eventual owner to the institution, amounting to the consideration paid for the acquisition of the institution's beneficial interest).
- (3) This subsection applies to the payments so far as they amount to payments in respect of any arrangement fee or legal or other expenses which the eventual owner is required under the arrangements to pay.
- (4) In this section “*the eventual owner*” has the same meaning as in section 151K.
##### 151S
- (1) In the case of deposit arrangements, amounts paid or credited as mentioned in section 151L(1)(c) by a financial institution under the arrangements (payments to depositor out of profits resulting from use of money) are alternative finance return for the purposes of this Chapter.
- (2) In the case of profit share agency arrangements, amounts paid or credited by a financial institution in accordance with such an entitlement as is mentioned in section 151M(1)(d) (principal's entitlement to profits under the arrangements) are alternative finance return for the purposes of this Chapter.
- (3) In the case of investment bond arrangements, the additional payments under the arrangements are alternative finance return for the purposes of this Chapter.
- (4) In this section “*additional payments*” has the same meaning as in section 151N (see subsection (1)(d)(iii) of that section).
### Special rules for investment bond arrangements
##### 151T
- (1) For the purposes of section 117, investment bond arrangements are a corporate bond, issued on the date on which the arrangements are entered into, if each of conditions A to D is met.
- (2) Condition A is that the capital is expressed in sterling.
- (3) Condition B is that the arrangements do not include provision for the redemption payment to be in a currency other than sterling.
- (4) Condition C is that entitlement to the redemption payment is not capable of conversion (directly or indirectly) into an entitlement to the issue of securities apart from other arrangements to which section 151N applies.
- (5) Condition D is that the additional payments are not determined wholly or partly by reference to the value of the bond assets.
- (6) Section 117(2) applies for the purposes of this section as it applies for the purposes of section 117(1).
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151U
- (1) This section applies for the purposes of this Act and any other enactment about capital gains tax and irrespective of the position for other purposes.
- (2) The bond-holder under investment bond arrangements is not treated as having a legal or beneficial interest in the bond assets.
- (3) The bond-issuer under such arrangements is not treated as a trustee of the bond assets.
- (4) Gains accruing to the bond-issuer in connection with the bond assets are gains of the bond-issuer and not of the bond-holder (and do not arise to the bond-issuer in a fiduciary or representative capacity).
- (5) Payments made by the bond-issuer by way of redemption payment or additional payment are not made in a fiduciary or representative capacity.
- (6) The bond-holder is not entitled to relief for capital expenditure in connection with the bond assets.
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151V
- (1) Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
- (2) For those purposes—
- (a) a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
- (b) a reference in an enactment to interest is to be taken as a reference to alternative finance return.
- (3) In subsection (2) “*the redemption payment*” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).
##### 151W
Investment bond arrangements are not—
- (a) a unit trust scheme for the purposes of this Act, or
- (b) an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to capital gains tax.
### Other rules
##### 151X
- (1) If under purchase and resale arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151J).
- (2) If under diminishing shared ownership arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151K).
- (3) If under investment bond arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151N).
- (4) Subsections (1) to (3) do not affect the operation of any provision of this Act or the Tax Acts that provides that the consideration for a sale or purchase is taken for any purpose to be an amount other than the actual consideration.
##### 151Y
Diminishing shared ownership arrangements are not treated as a partnership for capital gains tax purposes.
### Industrial and provident 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 society registered or treated as registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) 1969,
- (b) an SCE formed in accordance with Council Regulation [(EC) No 1435/2003](https://www.legislation.gov.uk/european/regulation/2003/1435) on the Statute for a European Co-Operative Society, or
- (c) a UK agricultural or fishing co-operative, as defined in section 1058 of CTA 2010.
### Joint interests in land
##### 248A
- (1) Section 248B applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold—
- (a) a holding of land, or
- (b) two or more separate holdings of land.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in—
- (a) the holding, or
- (b) one or more of the holdings,
to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in a holding of land held jointly by the landowner and one or more of the co-owners.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals) the landowner and each of the co-owners become—
- (a) in a case falling within subsection (2)(a), the sole owner of part of the holding, or
- (b) in a case falling within subsection (2)(b), the sole owner of one or more of the holdings.
- (6) Condition E is that the acquired interest is not an interest in excluded land (see section 248C).
- (7) For the purposes of this section—
- (a) references to a holding of land include references to an estate or interest in a holding of land, and are to be read in accordance with section 243(3);
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) “co-owner” means any person who holds a holding of land jointly with the landowner;
- (d) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in the holding, or in one or more of the holdings, which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (e) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 248B
- (1) If the amount or value of the consideration for the disposal of the relinquished interest is equal to or less than the amount or value of the consideration for the acquired interest, the landowner, on making a claim, is to be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues to the landowner, and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the excess of the amount or value of the consideration for the disposal of the relinquished interest over the amount of the consideration which the landowner is treated as receiving under paragraph (a).
- (2) Where the amount or value of the consideration for the disposal of the relinquished interest exceeds the amount or value of the consideration for the acquired interest, then if the excess (“the unexpended consideration”) is less than the amount of the gain (whether all chargeable gain or not) accruing on the disposal of the relinquished interest, the landowner on making a claim is to be treated for the purposes of this Act—
- (a) as if the amount of the gain so accruing were reduced to the amount of the unexpended consideration (and, if not all chargeable gain, with a proportionate reduction in the amount of the chargeable gain), and
- (b) as if the amount or value of the consideration for the acquired interest were reduced by the amount by which the gain is reduced (or, as the case may be, the amount by which the chargeable gain is proportionately reduced) under paragraph (a).
- (3) Subsections (1) and (2) are subject to section 248C(3).
- (4) Nothing in subsection (1) or (2) affects the treatment for the purposes of this Act of a co-owner (within the meaning given by section 248A(7)).
- (5) Where subsection (1)(a) applies to exclude a gain which, in consequence of Schedule 2 (assets held on 6th April 1965) is not all chargeable gain, the amount of the reduction to be made under subsection (1)(b) shall be the amount of the chargeable gain, and not the whole amount of the gain.
##### 248C
- (1) Land is excluded land to the extent that—
- (a) it is a dwelling-house or part of a dwelling-house (or an interest in or right over a dwelling-house), and
- (b) by virtue of, or of any claim under, any provision of sections 222 to 226 (private residences) the whole or any part of a gain accruing on a disposal of it by the landowner at a material time would not be a chargeable gain.
- (2) In subsection (1)(b), “a material time” means any time during the period of 6 years beginning on the date of the acquisition of the acquired interest.
- (3) If land was not excluded land at the date of the acquisition of the acquired interest but becomes excluded land within 6 years of the acquisition, the amount of any chargeable gain accruing on the disposal of the relinquished interest shall be re-determined without regard to any relief previously given under section 248B by reference to the amount or value of the consideration for the acquisition of the interest in that land.
- (4) Any adjustments of capital gains tax in accordance with subsection (3), whether by way of assessment or otherwise, may be made at any time, despite anything in section 34 of the Management Act (time limit for assessments).
- (5) Expressions used in this section have the same meaning as in section 248A.
##### 248D
- (1) This section applies where—
- (a) section 248B applies to a holding (or holdings) of land, and
- (b) milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.
- (2) Section 248B(1), (2) and (4) apply—
- (a) to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
- (b) to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.
##### 248E
- (1) This section applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold an interest in two or more dwelling–houses.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in one or more of the dwelling-houses to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in one of the other dwelling–houses.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals)—
- (a) the dwelling-house in which the landowner acquires an interest becomes the only or main residence of the landowner, and
- (b) each of the other dwelling-houses becomes the only or main residence of one (and only one) of the co-owners.
- (6) Condition E is that if each dwelling-house were disposed of immediately after the disposal (or disposals) mentioned in subsection (5) then by virtue of sections 222 and 223 (private residences) no part of the gain accruing on each of those disposals would be a chargeable gain.
- (7) The landowner, on making a claim jointly with the co-owner or co-owners, shall be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues, and
- (b) as if the acquired interest were acquired by the landowner—
- (i) at the time it was acquired jointly by the landowner and the co-owner or co-owners, and
- (ii) for a consideration equal to the amount of the sums that would have been allowable under section 38(1)(a) and (b) (acquisition and disposal costs etc) as a deduction in the computation of any gain on a disposal of the acquired interest by the co-owner or co-owners.
- (8) For the purposes of this section—
- (a) “co-owner” means any person who holds an interest in a dwelling-house jointly with the landowner;
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in a dwelling-house which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (d) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 256C
- (1) This section applies if a charitable company has a non-exempt amount under section 493 of CTA 2010 for an accounting period.
- (2) Attributable gains of the charitable company for the period may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 494 of CTA 2010.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 494 of CTA 2010, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 494 of CTA 2010.
- (5) In this section and section 256D a charitable company's “attributable income” and “attributable gains” for an accounting period have the same meaning as in Part 11 of CTA 2010 (see section 493 of that Act).
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256D
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256C.
- (2) The charitable company may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires a charitable company to make a specification under this section, and
- (b) the charitable company has not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 268B
- (1) A gain is not a chargeable gain if—
- (a) it accrues to a person on receipt of a capital sum paid by way of compensation for the deprivation of a foreign asset,
- (b) no legal redress was available when the deprivation occurred, and
- (c) the sum is paid as the result of a relevant compensation award.
- (2) A relevant compensation award is an award or distribution made—
- (a) under—
- (i) an Order in Council made under the Foreign Compensation Act 1950, or
- (ii) arrangements established by the government of a territory outside the United Kingdom that are equivalent in effect to such an Order,
- (b) as a result of a recommendation of—
- (i) the Spoliation Advisory Panel, or
- (ii) a body outside the United Kingdom whose purposes and functions are equivalent to those of the Panel, or
- (c) in settlement of a legal claim to the effect that the deprivation was unlawful or in accordance with an order to that effect made by a court, tribunal or other competent authority with jurisdiction to decide such a claim.
- (3) Reference in this section to the payment of a capital sum by way of compensation for the deprivation of a foreign asset includes—
- (a) payment as a result of the abandonment or extinguishment of rights in respect of the deprivation;
- (b) return of the asset itself.
- (4) In the case of a gain accruing to a person other than the original owner—
- (a) subsection (1) does not apply if consideration had been given at any time (whether by that person or someone else) for the right to receive the compensation, but
- (b) consideration given on an acquisition falling within section 58(1) or 171(1) is to be ignored for these purposes.
- (5) If the capital sum is paid (or the foreign asset returned) to a person to whom an allowable loss has accrued as a result of—
- (a) the deprivation of the foreign asset, or
- (b) the abandonment or extinguishment of rights in respect of the deprivation,
subsection (1) applies only to so much of any gain as exceeds that loss.
- (6) For a person to obtain relief under this section, the person must make a claim.
- (7) If the capital sum is paid by means of the transfer of an asset (or the foreign asset is returned), that asset is to be treated for the purposes of computing a gain or a loss on its subsequent disposal as if it were acquired for a consideration equal to its market value at the time of the transfer.
- (8) In this section—
- “capital sum” means money or money’s worth;
- “deprivation”, in relation to a foreign asset, includes deprivation resulting from—the seizure, confiscation, forfeiture, destruction or expropriation of the asset,the disposal of the asset by a sale under duress for less than market value;
- “foreign asset” means an asset which was situated outside the United Kingdom at the time of the deprivation;
- “legal redress”, in relation to the deprivation of a foreign asset, means a right to recover the asset or to receive compensation for the deprivation;
- “original owner” means the person who owned the foreign asset at the time of the deprivation;
- “Spoliation Advisory Panel” includes any successor to that Panel.
- (9) This section does not apply in relation to a gain to which section 268A applies.
## Part 7A — UK representatives of non-UK residents
### Chapter 1 — Treatment of branch or agency as UK representative of non-UK resident
### Introduction
##### 271A
- (1) This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.
- (2) For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.
### Branches and agencies
##### 271B
- (1) This section applies if—
- (a) a non-UK resident carries on (alone or in partnership) any trade, profession or vocation through a branch or agency in the United Kingdom, and
- (b) the branch or agency is to be treated under Chapter 2B of Part 14 of ITA 2007 as the UK representative of the non-UK resident in relation to amounts within section 835E(2) of that Act.
- (2) The branch or agency is the UK representative of the non-UK resident in relation to amounts which, by reference to the branch or agency, are chargeable to capital gains tax under section 10 above.
- (3) The following rules are to be applied for the purposes of subsection (2) and Chapter 2 in relation to an amount within that subsection.
- *Rule 1* The UK representative continues to be the UK representative of the non-UK resident in relation to the amount even after ceasing to be a branch or agency through which the non-UK resident carries on the trade, profession or vocation concerned.
- *Rule 2* The UK representative is treated in relation to the amount as a distinct and separate person from the non-UK resident (if the representative would not otherwise be so treated).
- *Rule 3* If the branch or agency is carried on by persons in partnership, the partnership, as such, is treated in relation to the amount as the UK representative of the non-UK resident.
- (4) For further rules that apply where a trade or profession carried on by a non-UK resident in the United Kingdom is carried on in partnership, see section 271C.
##### 271C
- (1) Subsection (2) applies if a trade or profession carried on by a non-UK resident through a branch or agency in the United Kingdom is carried on by the non-UK resident in partnership.
- (2) The trade or profession carried on through the branch or agency is, for the purposes of section 271B and Chapter 2, to be treated as including the notional trade or profession.
- (3) Subsection (4) applies (in addition to subsection (2) if that subsection also applies) if—
- (a) a trade or profession carried on by a non-UK resident in the United Kingdom is carried on by the non-UK resident in partnership, and
- (b) any member of the partnership is resident in the United Kingdom.
- (4) The notional trade or profession is, for the purposes of section 271B and Chapter 2, to be treated as being a trade carried on in the United Kingdom through the partnership as such.
- (5) In this section “*the notional trade or profession*” means the notional trade from which the non-UK resident's share in the partnership's profits or losses is treated for the purposes of section 852 of ITTOIA 2005 as deriving.
##### 271D
In this Chapter—
- “*branch or agency*” means any factorship, agency, receivership, branch or management, and
- “*non-UK resident*” means a person who is not resident in the United Kingdom.
### Chapter 2 — Capital gains tax obligations and liabilities imposed on UK representatives
##### 271E
- (1) This Chapter applies to the enactments contained in—
- (a) this Act,
- (b) the Tax Acts, and
- (c) subordinate legislation made under this Act or the Tax Acts,
so far as they make provision for or in connection with the assessment, collection and recovery of tax, or of interest on tax.
- (2) Those enactments have effect in accordance with section 271F in relation to amounts in respect of which a branch or agency is to be treated as the UK representative of a non-UK resident under Chapter 1.
- (3) In this section “*subordinate legislation*” has the same meaning as in the Interpretation Act 1978.
##### 271F
- (1) The obligations and liabilities of a non-UK resident are to be treated, for the purposes of the enactments to which this Chapter applies, as if they were also the obligations and liabilities of the UK representative of the non-UK resident.
- (2) Subsection (3) applies if—
- (a) the UK representative of a non-UK resident discharges an obligation or liability imposed by this section that corresponds to one to which the non-UK resident is subject, or
- (b) a non-UK resident discharges an obligation or liability that corresponds to one to which the non-UK resident's UK representative is subject by virtue of this section.
- (3) The corresponding obligation or liability—
- (a) of the non-UK resident (in a case within subsection (2)(a)), or
- (b) of the UK representative (in a case within subsection (2)(b)),
is discharged.
- (4) A non-UK resident is bound, as if they were the non-UK resident's own, by acts or omissions of the non-UK resident's UK representative in the discharge of the obligations and liabilities imposed on the representative by this section.
- (5) This section is subject to sections 271G and 271H.
##### 271G
- (1) An obligation or liability attaching to a non-UK resident (“X”) by reason of a notice or other document having been given or served on X does not also attach to the UK representative of X by virtue of section 271F unless the notice or other document (or a copy of it) has been given to or served on the representative.
- (2) An obligation or liability attaching to X by reason of a request or demand having been received by X does not also attach to the UK representative of X by virtue of section 271F unless the representative has been notified of the request or demand.
- (3) Subsection (4) applies to obligations relating to the provision of information that are imposed on the UK representative of X by section 271F in a case where the representative is X's independent agent.
- (4) The obligations do not require the UK representative to do anything except so far as it is practicable for the representative to do so.
- (5) For this purpose, the representative must act to the best of the representative's knowledge and belief after taking all reasonable steps to obtain the necessary information.
- (6) An obligation of X to provide information is not discharged by virtue of section 271F in a case where the UK representative of X has discharged the obligation only so far as required by subsection (4) of this section.
- (7) X is not bound by virtue of section 271F by mistakes in information provided by the UK representative of X in discharging, so far as required under subsection (4) of this section, an obligation imposed on the representative by section 271F unless—
- (a) the mistake is the result of an act or omission of X, or
- (b) the mistake is one to which X consented or in which X connived.
- (8) In this section “*information*” includes anything contained in a return, self-assessment, account, statement or report required to be provided to the Commissioners for Her Majesty's Revenue and Customs or to any officer of Revenue and Customs.
##### 271H
- (1) A person is not by virtue of section 271F liable to be proceeded against for a criminal offence unless the person—
- (a) committed the offence, or
- (b) consented to or connived in its commission.
- (2) An independent agent of a non-UK resident is not by virtue of section 271F liable to any civil penalty or surcharge in respect of an act or omission if conditions A and B are met.
- (3) Condition A is that the act or omission is not—
- (a) an act or omission of the independent agent, or
- (b) an act or omission to which the agent consented or in which the agent connived.
- (4) Condition B is that the independent agent is able to show that the amount of the penalty or surcharge will not be recoverable out of the sums mentioned in section 271I(3) (after being indemnified for any other liabilities under section 271I).
##### 271I
- (1) An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.
- (2) An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.
- (3) The sums are those which—
- (a) (ignoring subsection (2)) are due from the independent agent to the non-UK resident, or
- (b) are received by the independent agent on behalf of the non-UK resident.
##### 271J
- (1) In this Chapter “*non-UK resident*” means a person who is not resident in the United Kingdom.
- (2) In this Chapter “*independent agent*”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.
- (3) For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.
#### Elections under section 279A
#### Recovery of tax from donee.
##### 1A
- (1) This paragraph applies where—
- (a) paragraph 1(1) applies to a disposal of shares in or securities of a company that are of a class,
- (b) accordingly, the shares or securities constitute or form part of a holding which the person making the disposal (“P”) is treated as having held on 31st March 1982 (“the deemed 1982 holding”),
- (c) the disposal by which P acquired the shares or securities, and any previous disposal of them after 31st March 1982, was a disposal to which section 171(1) (transfers within a group) applied,
- (d) some or all of the shares or securities constituting the deemed 1982 holding were in fact held on 31st March 1982 by a person other than P, and
- (e) in the hands of that person on that date they formed part of a holding which—
- (i) consisted of shares or securities of the same class as the shares or securities disposed of, and
- (ii) was larger than the deemed 1982 holding.
- (2) If P makes a claim, then for the purposes of section 35(2) the market value on 31st March 1982 of the shares or securities disposed of is to be treated as being—
$$VLH×NDONLH$where—VLH is the market value on 31st March 1982 of the larger holding mentioned in sub-paragraph (1)(e) (in the hands of the person who in fact held it on that date),NDO is the number of shares or securities disposed of, andNLH is the number of shares or securities comprised in the larger holding on that date.$
- (3) Sub-paragraph (4) applies where sub-paragraph (1)(d) and (e) are met by two or more persons holding the shares or securities as two or more holdings or parts of holdings (“the original holdings”).
- (4) Sub-paragraph (2) applies for the purpose of calculating the market value on 31st March 1982 of the shares or securities disposed of, except that—
- (a) VLH is the market value on 31st March 1982 of the largest of the original holdings, and
- (b) NLH is the number of shares or securities comprised in that holding.
- (5) A claim under sub-paragraph (2) must be made on or before the second anniversary of the end of the accounting period of P in which the disposal takes place.
- (6) Shares in or securities of a company shall not be treated as being of the same class unless they are so treated by the practice of a recognised stock exchange or would be so treated if dealt with on a recognised stock exchange.
##### 252A
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
## SCHEDULE 8A
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 1
- (1) This Schedule applies where—
- (a) an individual makes a disposal of a debt to which section 252(1) applies (“the relevant disposal”),
- (b) the debt (“the section 252 debt”) is not situated in the United Kingdom, and
- (c) money or money's worth which is remitted foreign income (“the section 37 amount”) is excluded under section 37 from the consideration for the relevant disposal.
- (2) For this purpose “*remitted foreign income*” means income of the individual which is chargeable to income tax on the alternative basis of charge set out in Chapter A1 of Part 14 of ITA 2007 (remittance basis).
- (3) In determining whether the condition in sub-paragraph (1)(c) is met, the following provisions of this Schedule are to be ignored.
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 2
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4A
- (1) Subsection (2) applies if for a tax year—
- (a) a person is entitled, by virtue of section 539 of ITTOIA 2005 (gains from contracts for life insurance etc), to relief by reference to the amount of a deficiency, or
- (b) the residuary income of an estate is treated, by virtue of section 669(1) and (2) of that Act (reduction in residuary income: inheritance tax on accrued income), as reduced so as to reduce a person's income by any amount for the purposes of extra liability.
- (2) Section 4(7) is to have effect as if the person's Step 3 income for the year were reduced by the amount of the deficiency mentioned in subsection (1)(a) or the amount mentioned in subsection (1)(b) (as the case may be).
- (3) Subsections (4) and (5) apply if, by virtue of section 465 of ITTOIA 2005 (gains from contracts for life insurance etc), a person's total income for a tax year is deemed to include any amount or amounts.
- (4) Section 4(7) is to have effect as if the person's Step 3 income for the year included not the whole of the amount or amounts concerned but only the annual equivalent within the meaning of section 536(1) of that Act or the total annual equivalent within the meaning of section 537 of that Act (as the case may be).
- (5) If—
- (a) relief is given under section 535 of that Act, and
- (b) the calculation under section 536(1) or 537 of that Act (as the case may be) does not involve the higher rate of income tax,
section 4(4) and (5) are to have effect as if no income tax were chargeable at the higher rate or the dividend upper rate in respect of the person's income.
##### 4B
- (1) This section applies if the gains accruing to a person in a tax year are (apart from this section) chargeable to capital gains tax at different rates.
- (2) Allowable losses may be deducted from those gains, and the exempt amount under section 3 may be used in respect of those gains, in such way as is most beneficial to that person.
- (3) Subsection (2) is subject to any enactment which contains a limitation on the gains from which allowable losses may be deducted.
##### 142A
- (1) This section applies if share capital issued in lieu of a cash dividend by—
- (a) a company UK REIT, or
- (b) the principal company of a group UK REIT,
is attributed as mentioned in section 550(2)(a), (c) or (d) of CTA 2010 (attribution of distributions).
- (2) The case shall not constitute a reorganisation of the company's share capital for the purposes of sections 126 to 128.
- (3) The person who acquires the share capital by means of its issue shall (notwithstanding section 17(1)) be treated for the purposes of section 38(1)(a) as having acquired that asset for a consideration equal to the cash equivalent of the share capital.
- (4) Section 414A(2) to (4) of ITTOIA 2005 (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of Chapter 5 of Part 4 of that Act.
- (5) Section 412(1), (2), (4) and (5) of that Act (meaning of “cash equivalent of share capital”) applies for the purposes of this section as it applies in relation to share capital issued as mentioned in section 410(1)(a) of that Act.
- (6) In this section “company UK REIT” and “principal company of a group UK REIT” are to be read in accordance with Part 12 of CTA 2010 (Real Estate Investment Trusts).
##### 198H
Section 198A or 198B is to apply where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
- (b) the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
- (c) the claim under that section is made by both companies,
as if both companies were the same person.
##### 225D
- (1) This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part of the dwelling-house was occupied by another person (“B”)—
- (a) in England and Wales, pursuant to an adult placement scheme,
- (b) in Scotland, pursuant to arrangements which constitute or form part of an adult placement service involving the provision of accommodation for B, or
- (c) in Northern Ireland, pursuant to arrangements made with an adult placement agency for the provision of accommodation for B.
- (2) For the purposes of this Part, in determining the periods during which the dwelling-house, or any part of the dwelling-house, was A's only or main residence, B's occupation of part of the dwelling-house pursuant to the scheme or arrangement is to be disregarded.
- (3) For the purposes of section 224, the occupation of the part of the dwelling-house by B pursuant to the scheme or arrangement does not amount to the use of that part of the dwelling-house by A exclusively for the purpose of a trade, business, profession or vocation.
- (4) In this section—
- “*adult placement agency*” means an organisation or undertaking—that arranges for the provision of care and support (including accommodation) for persons in need, andin respect of which a requirement to register arises under Article 12 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003,
- “*adult placement scheme*” means a scheme—under which an individual agrees with the person carrying on the scheme to provide care and support (including accommodation) to an adult who is in need of it, andin respect of which a requirement to register arises under section 11 of the Care Standards Act 2000, and
- “*adult placement service*” has the meaning given by paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010.
##### 26A
- (1) This section applies where the balance of a dormant account held by a person with a bank or building society is transferred—
- (a) to an authorised reclaim fund, with the result that section 1 of the Dormant Bank and Building Society Accounts Act 2008 applies in relation to the account, or
- (b) to an authorised reclaim fund and one or more charities, with the result that section 2 of that Act applies in relation to the account.
- (2) For the purposes of this Act—
- (a) the transfer is not to be treated as involving any acquisition or disposal of an asset, and
- (b) the person's rights under Part 1 of that Act are to be treated as the same asset as the original rights, acquired as the original rights were acquired and having the same characteristics as those rights.
- (3) “The original rights” are the person's rights against the bank or building society immediately before the transfer.
- (4) Terms used in this section and in the Dormant Bank and Building Society Accounts Act 2008 have the same meaning in this section as in that Act.
##### 103B
- (1) This section applies in relation to an offshore fund which is a transparent fund but is not a unit trust scheme (“the fund”).
- (2) Section 99B applies for the purposes of computing the gain accruing on a disposal by a participant of an interest in the fund and for all other provisions of this Act as if—
- (a) the fund were a unit trust scheme,
- (b) the interest in the fund were units in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (3) In this section “transparent fund” has the meaning given by the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 11).
#### Death: application of law in Scotland.
#### Trustees of settlements.
##### 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.
#### Effect of election under section 279A
### 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.
- (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 in the tax year 2012-13) 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.
#### Elections under section 279A
#### Recovery of tax from donee.
### 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) any receipt arises to a company (“*the relevant company*”) on a disposal of an asset, and
- (b) the receipt arises directly or indirectly in consequence of, or otherwise in connection with, any arrangements.
- (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, and
- (b) the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal time”) in that year.
- (3) Condition B is that—
- (a) a chargeable gain (the “relevant gain”) accrues to the relevant company on the disposal, and
- (b) losses accrue (or have accrued) to the relevant company on any other disposal of any asset (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 receipt 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 on any disposal of any asset (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, incurs any expenditure—
- (a) which is allowable as a deduction in calculating its total profits chargeable to corporation tax but which is not allowable as a deduction in computing its gains under section 38, and
- (b) which is incurred 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) the deduction of the expenditure in calculating total profits, 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),
- “*tax advantage*” has the meaning given by section 184D.
- (11) For the purposes of this section it does not matter whether the tax advantage is secured for the relevant company or for any other company.
##### 184I
- (1) Subsection (2) applies if—
- (a) the Board give a notice under section 184G or 184H (a “relevant notice”) to a company that specifies an accounting period, and
- (b) the notice is given before the company has made its company tax return for that accounting period.
- (2) If the company makes its return for that period before the end of the applicable 90 day period (see subsection (12)), it may—
- (a) make a return that disregards the notice, and
- (b) at any time after making the return and before the end of the applicable 90 day period, amend the return for the purpose of complying with the provision referred to in the notice.
- (3) If a company has made a company tax return for an accounting period, the Board may give the company a relevant notice in relation to that period only if a notice of enquiry has been given to the company in respect of its return for that period.
- (4) After any enquiries into the return for that period have been completed, the Board may give the company a relevant notice only if requirements A and B are met.
- (5) Requirement A is that at the time the enquiries into the return were completed, the Board could not have been reasonably expected, on the basis of information made available—
- (a) to them before that time, or
- (b) to an officer of theirs before that time,
to have been aware that the circumstances were such that a relevant notice could have been given to the company in relation to that period.
- (6) For the purposes of requirement A, paragraph 44(2) and (3) of Schedule 18 to the Finance Act 1998 (information made available) applies as it applies for the purposes of paragraph 44(1).
- (7) Requirement B is that—
- (a) the company or any other person was requested to produce or provide information during an enquiry into the return for that period, and
- (b) if the request had been duly complied with, the Board could reasonably have been expected to give the company a relevant notice in relation to that period.
- (8) If—
- (a) a company makes a company tax return for an accounting period, and
- (b) the company is subsequently given a relevant notice that specifies that period,
it may amend the return for the purpose of complying with the provision referred to in the notice at any time before the end of the applicable 90 day period.
- (9) If the relevant notice is given to the company after it has been given a notice of enquiry in respect of its return for the period, no closure notice may be given in relation to its company tax return until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of its company tax return for the purpose of complying with the provision referred to in the notice.
- (10) If the relevant notice is given to the company after any enquiries into the return for the period are completed, no discovery assessment may be made as regards the chargeable gain to which the notice relates until—
- (a) the end of the applicable 90 day period, or
- (b) the earlier amendment of the company tax return for the purpose of complying with the provision referred to in the notice.
- (11) Subsections (2)(b) and (8) do not prevent a company tax return for a period becoming incorrect if—
- (a) a relevant notice is given to the company in relation to that period,
- (b) the return is not amended in accordance with subsection (2)(b) or (8) for the purpose of complying with the provision referred to in the notice, and
- (c) the return ought to have been so amended.
- (12) In this section—
- “*the applicable 90 day period*”, in relation to a relevant notice, means the period of 90 days beginning with the day on which the notice is given,
- “*closure notice*” means a notice under paragraph 32 of Schedule 18 to the Finance Act 1998,
- “*company tax return*” means the return required to be delivered pursuant to a notice under paragraph 3 of that Schedule, as read with paragraph 4 of that Schedule,
- “*discovery assessment*” means an assessment under paragraph 41 of that Schedule,
- “*notice of enquiry*” means a notice under paragraph 24 of that Schedule.
#### Treatment of alternative finance arrangements
#### Company that gives mixed consideration
##### 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.
#### Company that receives mixed consideration: N exceeds C
#### Company that gives mixed consideration
#### Disposals by Northern Ireland housing associations.
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
##### A1
- (1) In determining the exempt amount available to the trustees of a settlement in relation to a year of assessment—
- (a) a principal settlement and its sub-fund settlements shall be treated, for the purposes of paragraphs 1 and 2 below, as if no sub-fund elections had been made, and
- (b) paragraph 3 below shall apply for the purposes of determining the exempt amount available to each member of the class consisting of a principal settlement and its sub-fund settlements.
- (2) The reference in sub-paragraph (1) above to a principal settlement and its sub-fund settlements means a principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
- (a) the investor is eligible for SEIS relief for the tax year 2012-13 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) So much of the SEIS expenditure as—
- (a) is specified in the claim,
- (b) is unused, and
- (c) does not exceed so much of the original gain as is unmatched,
is to be set against a corresponding amount of the original gain.
- (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 tax year 2012-13 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—
$$SA TSA × £ 100,000$where— SA means the SEIS expenditure (ignoring this paragraph);TSA means the total of the amounts subscribed for shares issued in the tax year 2012-13 in respect of which the investor is eligible for and claims SEIS relief for that tax year.$
- (3) Sub-paragraph (4) applies if the amount of SEIS relief attributable to any of the relevant SEIS shares has been reduced under Chapter 6 of Part 5A of ITA 2007 before the SEIS relief was obtained (otherwise than by virtue of corresponding bonus shares being issued in respect of those shares).
- (4) Paragraph 1(5) to (7) has effect as if the SEIS expenditure were the amount found by multiplying that expenditure by the fraction—
$$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) The exempt amount available in relation to a year of assessment to the trustees of each settlement in the class consisting of a principal settlement and its sub-fund settlements shall be the exempt amount available to the trustees of the principal settlement in relation to the year, determined in accordance with paragraph 1 or 2 above as if no sub-fund elections had been made.
- (2) But if there are two or more non-excluded settlements in the class consisting of a principal settlement and its sub-fund settlements, the exempt amount available to the trustees of each settlement in the class in relation to the year shall be the amount specified in sub-paragraph (1) above divided by the number of non-excluded settlements in the class.
- (3) In this paragraph—
- “*excluded settlement*” has the meaning given by paragraph 2(7) above, and
- references to a settlement having sub-fund settlements, and similar expressions, are references to a settlement being the principal settlement in respect of which one or more sub-fund elections are treated as having taken effect.
## SCHEDULE 4ZA
### Making a sub-fund election
##### 1
The trustees of a settlement (the “principal settlement”) may elect that a fund or other specified portion of the settled property (the “sub-fund”) be treated, unless the context otherwise requires, as a separate settlement (the “sub-fund settlement”) for the purposes of this Act, and the election shall have effect.
##### 2
- (1) An election under paragraph 1 (a “sub-fund election”) must specify the date on which it is to be treated as having taken effect, which must not be later than the date on which it is made.
- (2) The election shall be treated as having taken effect—
- (a) at the beginning of the specified date, or
- (b) if there is a deemed disposal of an asset by the trustees of the principal settlement under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)), on the specified date immediately after the deemed disposal.
##### 3
Trustees may make a sub-fund election only if—
- (a) Conditions 1 to 4 are satisfied when the election is made, and
- (b) Conditions 2 to 4 were satisfied throughout the period beginning with the time when the election is to be treated as having taken effect and ending immediately before the election is made.
- (1) 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
Condition 1 is that the principal settlement is not itself a sub-fund settlement.
- (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
Condition 2 is that the sub-fund is not the whole of the property comprised in the principal settlement.
- (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 2012-13 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
Condition 3 is that, if the sub-fund election had taken effect, the sub-fund settlement would not consist of or include an interest in an asset any other interest in which would be comprised in the principal settlement.
- (1) 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
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).
- (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
Condition 4 is that, if the sub-fund election had taken effect, no person would be a beneficiary under both the sub-fund settlement and the principal settlement.
##### 9
- (1) For the purpose of Condition 4 a person is a beneficiary under a settlement—
- (a) if—
- (i) any property which is or may at any time be comprised in the settlement, or
- (ii) any derived property,
is, or will or may become, payable to him or applicable for his benefit in any circumstances whatsoever, or
- (b) if he enjoys a benefit deriving directly or indirectly from—
- (i) any property which is comprised in the settlement, or
- (ii) any derived property.
- (2) But for the purpose of Condition 4 a person is not to be regarded as a beneficiary under a settlement if property comprised in the settlement, or any derived property, will or may become payable to him or applicable for his benefit by reason only of—
- (a) his marrying, or entering into a civil partnership with, a beneficiary under the settlement,
- (b) the death of a beneficiary under the settlement,
- (c) the exercise by the trustees of the settlement of—
- (i) a power conferred by section 32 of the Trustee Act 1925 (c. 19) or section 33 of the Trustee Act (Northern Ireland) 1958 (c. 23 (N.I.)) (powers of advancement),
- (ii) a power conferred by the law of a jurisdiction other than England and Wales or Northern Ireland which makes provision similar to the provisions specified in sub-paragraph (i), or
- (iii) a power of advancement which is conferred by the instrument creating the principal settlement, or by another instrument made in accordance with the terms of the principal settlement, and which is subject to the same restrictions as those specified in section 32(1)(a) and (c) of the Trustee Act 1925, or
- (d) the failure or determination of trusts of the kind described in section 33 of the Trustee Act 1925 (protective trusts).
- (3) In this paragraph “*derived property*”, in relation to any property, means—
- (a) income from that property,
- (b) property directly or indirectly representing—
- (i) proceeds of that property, or
- (ii) proceeds of income from that property, or
- (c) income from property which is derived property by virtue of paragraph (b).
### Sub-fund elections: procedure
##### 10
A sub-fund election must be made—
- (a) by notice to an officer of Revenue and Customs, and
- (b) in such form as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 11
A sub-fund election may not be made after the second 31st January after the year of assessment in which the date on which the election is to be treated as having taken effect falls.
##### 12
A sub-fund election must contain—
- (a) a declaration by each trustee of the principal settlement that he consents to the election,
- (b) a statement by the trustees of the principal settlement that the requirement in paragraph 3 is satisfied,
- (c) such information as the Commissioners for Her Majesty's Revenue and Customs may require in relation to the principal settlement (which may, in particular, include information relating to the trustees, the trusts, property which is or has been comprised in the settlement, the settlors or the beneficiaries),
- (d) a declaration by the trustees of the principal settlement that the information given in the election is correct, to the best of their knowledge and belief, and
- (e) such other declarations as the Commissioners for Her Majesty's Revenue and Customs may require.
##### 13
A sub-fund election may not be revoked.
### Power to make enquiries
##### 14
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 15
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 16
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
### Consequences of a sub-fund election
##### 17
The sub-fund settlement shall be treated, for the purposes of this Act, as having been created at the time when the sub-fund election is treated as having taken effect.
##### 18
- (1) Each trustee of the trusts on which the property comprised in the sub-fund settlement is held shall be treated as a trustee of the sub-fund settlement for the purposes of this Act.
- (2) A person who is a trustee of the sub-fund settlement shall be treated for the purposes of this Act, from the time when the election is treated as having taken effect, as having ceased to be a trustee of the principal settlement unless he is also a trustee of trusts on which property comprised in the principal settlement is held.
- (3) A person who is a trustee of the principal settlement shall not be treated for the purposes of this Act as a trustee of the sub-fund settlement unless he is also a trustee of trusts on which property comprised in the sub-fund settlement is held.
##### 19
The trustees of the sub-fund settlement shall be treated for the purposes of this Act as having become absolutely entitled, at the time when the sub-fund election is treated as having taken effect, to the property comprised in that settlement as against the trustees of the principal settlement.
##### 20
- (1) A deemed disposal by the trustees of the principal settlement of an asset under section 71(1) (by virtue of paragraph 19) or section 80(2) (by virtue of paragraph 18(2)) shall be treated as having been made at the beginning of the date on which the sub-fund election is treated as having taken effect.
- (2) If the trustees of the sub-fund settlement have acquired an asset of which the trustees of the principal settlement are deemed to have disposed under section 71(1) (by virtue of paragraph 19), they shall be deemed to have acquired it at the time when the election is treated as having taken effect.
- (3) The trustees of the principal settlement shall not be treated as having disposed of an asset under section 80(2) by virtue of paragraph 18(2) if they are treated as having disposed of the same asset under section 71(1) by virtue of paragraph 19.
##### 21
If the trustees of the sub-fund settlement are treated by virtue of paragraph 19 as having become absolutely entitled to money expressed in sterling, for the purposes of this Act—
- (a) the trustees of the principal settlement shall be treated as having disposed of the money at the beginning of the day on which the sub-fund election is treated as having taken effect, and
- (b) the trustees of the sub-fund settlement shall be treated as having acquired the money at the time when the election is treated as having taken effect.
##### 22
- (1) If the trustees of the principal settlement are deemed to have disposed of an asset under section 71(1) (by virtue of paragraph 19), the trustees of the principal settlement shall be treated for the purposes of sections 90 and 94 as having transferred the asset to the trustees of the sub-fund settlement.
- (2) Sub-paragraph (1) also applies where the trustees of the principal settlement would be deemed to have disposed of money expressed in sterling under subsection (1) of section 71 if in that subsection—
- (a) the reference to “assets” were a reference to “property”, and
- (b) for “their” there were substituted “ its ”.
### Share loss relief
##### 125A
- (1) If loss relief under ... Chapter 6 of Part 4 of ITA 2007 or Chapter 5 of Part 4 of CTA 2010 (“share loss relief”) is obtained in respect of a loss or any part of a loss, no deduction is to be made in respect of the loss or (as the case may be) the part under this Act.
- (2) If a claim is made for share loss relief in respect of a loss accruing on the disposal of shares, section 30 has effect in relation to the disposal as if for the references in subsections (1)(b) and (5) to a tax-free benefit there were substituted references to any benefit whether tax-free or not.
- (3) All such adjustments of corporation tax on chargeable gains or capital gains tax are to be made, whether by way of assessment or by way of discharge or repayment of tax, as may be required in consequence of—
- (a) share loss relief being obtained in respect of an allowable loss, or
- (b) such relief not being obtained in respect of the whole or part of such a loss in respect of which a claim is made.
##### 151BA
- (1) This section applies for the purpose of identifying the securities or shares disposed of in any case where—
- (a) an individual or company (“the investor”) disposes of part of a holding of securities or shares (“the holding”), and
- (b) the holding includes securities or shares to which CITR is attributable in respect of one or more years of assessment or accounting periods that have been held by the investor continuously from the time they were issued until the disposal.
- (2) Any disposal by the investor of securities or shares included in the holding which have been acquired by the investor on different days is treated as relating to those acquired on an earlier day rather than to those acquired on a later day.
- (3) If there is a disposal by the investor of securities or shares included in the holding which have been acquired by the investor on the same day, any of those securities or shares—
- (a) to which CITR is attributable, and
- (b) which have been held by the investor continuously from the time they were issued until the time of disposal,
are treated as disposed of after any other securities or shares included in the holding which were acquired by the investor on that day.
- (4) For the purposes of this section a holding of securities is any number of securities of a company which—
- (a) carry the same rights,
- (b) were issued under the same terms, and
- (c) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the securities grows or diminishes as securities carrying those rights and issued under those terms are acquired or disposed of.
- (5) For the purposes of this section a holding of shares is any number of shares in a company which—
- (a) are of the same class, and
- (b) are held by the investor in the same capacity.
It does not matter for this purpose that the number of the shares grows or diminishes as shares of that class are acquired or disposed of.
- (6) Chapter 1 of Part 4 (share pooling, etc) has effect subject to this section.
- (7) Sections 104 to 107 (which make provision for the identification of securities and shares on a disposal) do not apply to securities or shares to which CITR is attributable.
- (8) In a case to which section 127 (equation of original shares and new holding) applies, shares included in the new holding are treated for the purposes of subsections (2) and (3) as acquired when the original shares were acquired.
- (9) In subsection (8)—
- (a) the reference to section 127 includes a reference to that section as it is applied by virtue of any enactment relating to chargeable gains, and
- (b) “*original shares*” and “*new holding*” have the same meaning as in section 127, or (as the case may be) that section as applied by virtue of the enactment in question.
- (10) In this section and sections 151BB and 151BC—
- (a) if the investor is an individual—
- (i) “*CITR*” has the meaning given by section 333 of ITA 2007,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 357 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 380 of that Act,
- (b) if the investor is a company—
- (i) “*CITR*” means relief under Part 7 of CTA 2010,
- (ii) references to CITR being attributable to securities, shares or debentures are to be read in accordance with section 240 of that Act, and
- (iii) references to securities, shares or debentures having been held by the investor continuously are to be read in accordance with section 267 of that Act.
##### 151BB
- (1) If—
- (a) an individual or company (“the investor”) holds shares in the CDFI which are of the same class and held in the same capacity (“the existing holding”),
- (b) there is a reorganisation affecting the existing holding as a result of an allotment which—
- (i) falls within section 126(2)(a) (an allotment of shares or debentures in respect of and in proportion to an original holding), and
- (ii) is not an allotment of corresponding bonus shares,
- (c) immediately after the reorganisation, CITR is attributable to the shares included in the existing holding or the shares or debentures allotted in respect of those shares, in respect of one or more years of assessment or accounting periods, and
- (d) if CITR is attributable to the shares included in the existing holding at that time, those shares have been held by the investor continuously from the time they were issued until the reorganisation,
sections 127 to 130 (treatment of share capital following a reorganisation) do not apply in relation to the existing holding.
- (2) Section 116(10) (reorganisations, conversions and reconstructions) does not apply in any case where the old asset consists of shares held (in the same capacity) by the investor—
- (a) that have been held by the investor continuously from the time they were issued until the relevant transaction, and
- (b) to which CITR is attributable immediately before that transaction.
In this subsection “old asset” and “the relevant transaction” have the meaning given by section 116.
- (3) For the purposes of subsection (1)—
- “*corresponding bonus shares*” means bonus shares that—are issued in respect of shares included in the existing holding, andare in the same company, are of the same class, and carry the same rights as, those shares,
- “*reorganisation*” has the meaning given in section 126.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions);
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) In this section “the CDFI” is to be read—
- (a) if the investor is an individual, in accordance with section 334(2) of ITA 2007,
- (b) if the investor is a company, in accordance with section 219(2) of CTA 2010.
##### 151BC
- (1) If—
- (a) an individual or company (“the investor”) holds shares in or debentures of a company (“company A”),
- (b) there is a reconstruction or amalgamation affecting that holding (“the existing holding”),
- (c) immediately before the reconstruction or amalgamation, CITR is attributable to the shares or debentures included in the existing holding in respect of one or more years of assessment or accounting periods, and
- (d) the shares or debentures included in the existing holding have been held by the investor continuously from the time they were issued until the reconstruction or amalgamation,
sections 135 and 136 (share exchanges and company reconstructions) do not apply in respect of the existing holding.
- (2) Subsection (1)(a) applies only if the shares or debentures are held by the investor in the same capacity.
- (3) For the purposes of subsection (1) a “*reconstruction or amalgamation*” means an issue by a company of shares in or debentures of that company in exchange for or in respect of shares in or debentures of company A.
- (4) The following provisions of this Act have effect subject to this section—
- section 116 (reorganisations, conversions and reconstructions),
- Chapter 2 of Part 4 (reorganisation of share capital, conversion of securities etc).
- (5) The investor is treated as disposing of any securities or shares which but for subsection (1) the investor—
- (a) would be treated as exchanging for other securities or shares by virtue of section 136, or
- (b) would be so treated but for section 137(1) (which restricts section 136 to genuine reconstructions).
##### 256A
- (1) This section applies if a charitable trust has a non-exempt amount under section 540 of ITA 2007 for a year of assessment.
- (2) Attributable gains of the charitable trust for the year of assessment may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 541 of ITA 2007.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 541 of ITA 2007, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 541 of ITA 2007.
- (5) See section 256B for the way in which gains are to be attributed to the non-exempt amount under this section.
- (6) In this section and section 256B a charitable trust's “attributable income”, and “attributable gains”, for a tax year have the same meaning as in Part 10 of ITA 2007 (see section 540 of that Act).
##### 256B
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256A.
- (2) The trustees of the charitable trust may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires the trustees of a charitable trust to make a specification under this section, and
- (b) the trustees have not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
### Deduction of trading losses or post-cessation expenditure etc
##### 261B
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 64 or 128 of ITA 2007 (trade or employment loss relief against general income) for a tax year in relation to an amount of loss, and
- (b) the person makes a claim under that section for the amount to be deducted in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount of loss, but
- (b) the person's total income for the tax year is nil or does not include any income from which the amount can be deducted.
- (3) A claim under this section is for determining so much of the amount of the loss (“*the relevant amount*”) as—
- (a) is not deducted in calculating the person's net income for the tax year, and
- (b) has not already been taken into account for the purposes of any relief for any other tax year or any year of assessment (whether under ITA 2007, this section or otherwise).
- (4) When the relevant amount can no longer be varied—
- (a) by the tribunal on appeal, or
- (b) on the order of a court,
it is treated for the purposes of capital gains tax as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (5) But so much of the relevant amount as exceeds the maximum amount (see section 261C) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (6) The excess may, however, be used in giving effect to any other loss relief under Part 4 of ITA 2007 (depending on the terms of the relief).
- (7) The amount treated as an allowable loss under this section—
- (a) is no longer to be regarded as an amount available for income tax relief, and
- (b) is not to be deductible from chargeable gains accruing to a person in any year of assessment that begins after the person has permanently ceased to carry on the trade, profession, vocation, employment or office in which the loss was made.
- (8) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year in which the loss was made in the trade, profession, vocation, employment or office.
- (9) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261C
- (1) For the purposes of section 261B “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if—
- (a) the provisions mentioned below were ignored, and
- (b) no account were taken of the event mentioned below.
- (2) The provisions are—
- (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- (b) section 3(1) (annual exempt amount), and
- (c) section 261B.
- (3) The event is any event—
- (a) which occurs after the date on which the relevant amount (see section 261B(3)) can no longer be varied by the tribunal on appeal or on the order of a court, and
- (b) in consequence of which the amount chargeable to capital gains tax is reduced as a result of an enactment relating to capital gains tax.
##### 261D
- (1) A person may make a claim under this section if—
- (a) relief is available to the person under section 96 or 125 of ITA 2007 (post-cessation trade or property relief) for a tax year in relation to an amount, and
- (b) the person makes a claim under that section to deduct the amount in calculating the person's net income for the tax year.
- (2) A person may also make a claim under this section if—
- (a) relief is available to the person as mentioned in subsection (1)(a) for a tax year in relation to an amount, but
- (b) the person's total income for the tax year is nil.
- (3) A claim under this section is for treating for the purposes of capital gains tax so much of the amount as is not deducted in calculating the person's net income for the tax year (“*the relevant amount*”) as an allowable loss accruing to the person in the year of assessment corresponding to the tax year.
- (4) But so much of the relevant amount as exceeds the maximum amount (see section 261E) is not to be treated for the purposes of capital gains tax as an allowable loss.
- (5) The relevant amount is no longer to be regarded as an amount available for income tax relief.
- (6) A claim under this section must be made on or before the first anniversary of the normal self-assessment filing date for the tax year mentioned in subsection (1) or (2) (as the case may be).
- (7) In this section “*normal self-assessment filing date*”, “*tax year*” and “*total income*” have the same meaning as in the Income Tax Acts (see section 989 of ITA 2007).
##### 261E
- (1) For the purposes of section 261D “the maximum amount” is the amount on which the person would be chargeable to capital gains tax for the year of assessment if the following were ignored.
- (2) The matters to be ignored are—
- (a) any allowable losses falling to be carried forward to that year from a previous year for the purposes of section 2(2),
- (b) section 3(1) (annual exempt amount), and
- (c) any relief under section 261B or 261D.
### Repurchase price under repos
##### 261F
- (1) This section applies if —
- (a) the repurchase price of UK shares, UK securities or overseas securities is treated by section 604(2), (4) or (5) of ITA 2007 (deemed increase in repurchase price: repos and options) as increased for the purposes of section 607 of that Act (treatment of price differences under repos),
- (b) condition A or B is met, and
- (c) section 263A does not apply.
- (2) Condition A is that, as a result of the increase, there is no difference for the purposes of section 607 of that Act between the sale price and the repurchase price.
- (3) Condition B is that, as a result of an exception in section 608 of that Act, section 607 of that Act does not apply.
- (4) The deemed increase of the repurchase price also has effect for capital gains tax purposes.
- (5) Expressions used in this section and in section 605 of ITA 2007 (deemed increase in repurchase price: other income tax purposes) have the same meanings in this section as in that section.
##### 261G
- (1) Subsections (2) and (3) apply if—
- (a) section 607 of ITA 2007 (treatment of price differences under repos) applies,
- (b) an amount is treated under that section as a payment of interest, and
- (c) section 263A does not apply.
- (2) If the repurchase price is more than the sale price, the repurchase price is treated for capital gains tax purposes as reduced by the amount of the payment of interest.
- (3) If the sale price is more than the repurchase price, the repurchase price is treated for capital gains tax purposes as increased by the amount of the payment of interest.
- (4) Expressions used in this section and in section 609 of ITA 2007 (additional income tax consequences of price differences under repos) have the same meanings in this section as in that section.
##### 261H
- (1) The Treasury may by regulations provide for section 261G to apply with modifications if the exception in section 608(2) of ITA 2007 (agreement not at arm's length) would otherwise prevent it from applying.
- (2) Regulations under this section may make different provision for different cases.
- (3) Regulations under this section may contain incidental, supplemental, consequential and transitional provision and savings.
- (4) The incidental, supplemental, and consequential provision may include modifications of section 261F (deemed manufactured payments: effect on repurchase price).
- (5) In this section “*modifications*” includes exceptions and omissions.
- (6) Accordingly, the power in subsection (1) includes power to provide for any provision of section 261G not to apply in relation to the case mentioned in that subsection.
##### 263F
- (1) The Treasury may by regulations provide for—
- (a) section 261F (deemed manufactured payments: effect on repurchase price),
- (b) section 261G (price differences under repos: effect on repurchase price),
- (c) section 263A (agreements for sale and repurchase of securities),
- (d) section 263D (gains accruing to persons paying manufactured dividends), or
- (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 or 263D to apply with modifications is exercisable only so far as the section applies to cases falling within section 607 of ITA 2007 (treatment of price differences under repos).
- (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) Expressions used in this section and in section 612 of ITA 2007 (powers to modify repo provisions: non-standard repo cases) have the same meanings in this section as in that section.
##### 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) section 263D (gains accruing to persons paying manufactured dividends), 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 or 263D to apply with modifications is exercisable only so far as the section applies to cases falling within section 607 of ITA 2007 (treatment of price differences under repos).
- (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) Expressions used in this section and in section 613 of ITA 2007 (powers to modify repo provisions: redemption arrangements) have the same meanings in this section as in that section.
##### 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 or 263D, 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 a manufactured overseas dividend as mentioned in section 581(1) of ITA 2007 (manufactured overseas dividends), or
- (b) is treated as doing so for any purposes of Chapter 2 of Part 11 of that Act or regulations made under it (manufactured payments).
- (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) Subject to that, expressions used in this section and in section 582 of ITA 2007 (manufactured payments: powers about manufactured overseas dividends) have the same meanings in this section as in that section.
#### Replacement of business assets used in connection with oil fields.
#### Chargeable events when bonds owned.
#### Provisions supplementary to section 279A
##### 285A
- (1) The following rules about European Economic Interest Groupings apply for the purposes of charging tax in respect of chargeable gains—
- *Rule 1*A grouping is treated as acting as the agent of its members.
- *Rule 2*The activities of a grouping are treated as those of its members acting jointly.
- *Rule 3*Each member of a grouping is treated as having a share of the grouping's property, rights and liabilities.
- *Rule 4*Any trade or profession carried on by the grouping is treated as carried on in partnership by members of the grouping.
- *Rule 5*A person is to be regarded as acquiring or disposing of a share of the assets of the grouping not only where there is an acquisition or disposal of assets by the grouping while he is a member of it, but also where he becomes or ceases to be a member of a grouping or there is a change in his share of the property of the grouping.
- (2) For the purposes of Rule 3, a member's share of any property, rights or liabilities of a grouping is determined according to the contract under which the grouping is established.
- (3) If the contract does not provide for this, the member's share is determined by reference to the share of the profits of the grouping to which the member is entitled under the contract.
- (4) If the contract does not provide for this either, the members are treated as having equal shares of the property, rights and liabilities of the grouping.
- (5) “*European Economic Interest Grouping*” means a European Economic Interest Grouping formed under Council Regulation [(EEC) No 2137/85](https://www.legislation.gov.uk/european/regulation/1985/2137) of 25th July 1985, whether registered in Great Britain, Northern Ireland or elsewhere.
##### 16A
- (1) For the purposes of this Act, “*allowable loss*” does not include a loss accruing to a person if—
- (a) it accrues to the person directly or indirectly in consequence of, or otherwise in connection with, any arrangements, and
- (b) the main purpose, or one of the main purposes, of the arrangements is to secure a tax advantage.
- (2) For the purposes of subsection (1)—
- “*arrangements*” includes any agreement, understanding, scheme, transaction or series of transactions (whether or not legally enforceable), and
- “*tax advantage*” means—relief or increased relief from tax,repayment or increased repayment of tax,the avoidance or reduction of a charge to tax or an assessment to tax, orthe avoidance of a possible assessment to tax,and for the purposes of this definition “*tax*” means capital gains tax, corporation tax or income tax.
- (3) For the purposes of subsection (1) it does not matter—
- (a) whether the loss accrues at a time when there are no chargeable gains from which it could otherwise have been deducted, or
- (b) whether the tax advantage is secured for the person to whom the loss accrues or for any other person.
##### 210C
- (1) Section 18(3) does not apply in relation to a loss accruing on the disposal by an insurance company of authorised investment fund assets to the manager of the authorised investment fund.
- (2) In this section—
- “*authorised investment fund assets*” means assets held by the company for the purposes of its long-term business that consist of rights under an authorised unit trust or shares in an open-ended investment company,
- “*the manager of the authorised investment fund*” means—in the case of an authorised unit trust, the person who is the manager of the unit trust scheme for the purposes of Chapter 3 of Part 17 of the Financial Services and Markets Act 2000, andin the case of an open-ended investment company, a director or other person having responsibility for the management of its scheme property, and
- “*open-ended investment company*” means a company incorporated in the United Kingdom to which section 236 of the Financial Services and Markets Act 2000 applies.
##### 263AZA
- (1) A gain accruing to an individual on a disposal of a renewables obligation certificate is not a chargeable gain if—
- (a) the individual acquired the certificate in connection with the generation of electricity by a microgeneration system,
- (b) the system is installed at or near domestic premises occupied by the individual, and
- (c) the individual intends that the amount of electricity generated by it will not significantly exceed the amount of electricity consumed in those premises.
- (2) In subsection (1)—
- “*domestic premises*” means premises used wholly or mainly as a separate private dwelling,
- “*microgeneration system*” has the same meaning as in section 4 of the Climate Change and Sustainable Energy Act 2006, and
- “*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.
#### Sections 184A and 184B: meaning of “tax advantage”
#### Chargeable event when replacement property owned.
##### 140GA
Sections 24 and 122 do not apply if—
- (a) a merger is effected by the transfer by a company (“the transferor company”) of all of its assets and liabilities to a single company that holds the whole of the ordinary share capital in the transferor company,
- (b) each merging company is resident in a member State,
- (c) the merging companies are not all resident in the same State,
- (d) section 139 does not apply in relation to the transfer, and
- (e) in the course of the merger the transferor company ceases to exist without being in liquidation (within the meaning given by section 247 of the Insolvency Act 1986 (c. 55).
##### 14A
- (1) This section applies if—
- (a) by virtue of section 13, part of a chargeable gain that accrues to a company on the disposal of an asset is treated as accruing to an individual in a tax year, and
- (b) the individual is not domiciled in the United Kingdom in that year.
- (2) The part of the chargeable gain treated as accruing to the individual (“the deemed chargeable gain”) is a foreign chargeable gain within the meaning of section 12 if (and only if) the asset is situated outside the United Kingdom.
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis)—
- (a) treat any consideration obtained by the company on the disposal of the asset as deriving from the deemed chargeable gain, and
- (b) unless the consideration so obtained is of an amount at least equal to the market value of the asset, treat the asset as deriving from the deemed chargeable gain.
- (4) If—
- (a) the deemed chargeable gain is a foreign chargeable gain (within the meaning of section 12),
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the year mentioned in subsection (1), and
- (c) any of the deemed chargeable gain is remitted to the United Kingdom in a tax year after that year,
the chargeable gain treated under section 12(2) as accruing may not be reduced or extinguished under section 13(8).
##### 16ZA
- (1) In this section “*the relevant tax year*”, in relation to an individual, means the first tax year for which—
- (a) section 809B of ITA 2007 (claim for remittance basis) applies to the individual, and
- (b) the individual is not domiciled in the United Kingdom.
- (2) An individual may make an election under this section for the relevant tax year (in which case sections 16ZB and 16ZC have effect in relation to the individual for the relevant tax year and all subsequent tax years).
- (3) If an individual does not make such an election, foreign losses accruing to the individual in—
- (a) the relevant tax year, or
- (b) any subsequent tax year except one in which the individual is domiciled in the United Kingdom,
are not allowable losses.
- (4) Sections 42 and 43 of the Management Act (procedure and time limit for making claims), except section 42(1A) of that Act, apply in relation to an election under this section as they apply in relation to a claim for relief.
- (5) An election under this section is irrevocable.
- (6) In this section “*foreign loss*” means a loss accruing from the disposal of an asset situated outside the United Kingdom.
##### 16ZB
- (1) This section applies to an individual for a tax year (“the applicable tax year”) if—
- (a) the individual has made an election under section 16ZA,
- (b) foreign chargeable gains accrued to the individual in or after the relevant tax year (within the meaning of section 16ZA) but before the applicable tax year, and
- (c) by reason of the remission of any of the foreign chargeable gains to the United Kingdom, chargeable gains are treated under section 12 as accruing to the individual in the applicable tax year (“the relevant gains”).
- (2) Section 2(2) or (4) has effect for the applicable tax year as if the relevant gains had not accrued.
- (3) The amount on which the individual is charged to capital gains tax for the applicable tax year is (instead of the amount given by section 2(2) or (4)(b), as reduced under section 3) the sum of—
- (a) the adjusted taxable amount, and
- (b) the amount of the relevant gains.
- (4) “*The adjusted taxable amount*” is—
- (a) if section 3(1) (annual exempt amount) does not apply to the individual for the applicable tax year, the amount given by section 2(2) or (4)(b) as it has effect by virtue of subsection (2), and
- (b) otherwise, so much of that amount as exceeds the exempt amount for the applicable tax year (within the meaning of section 3).
- (5) In subsection (1) “*foreign chargeable gains*” has the meaning given by section 12(4).
- (6) For the purposes of subsection (1)(c) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
##### 16ZC
- (1) This section applies to an individual for a tax year if—
- (a) the individual has made an election under section 16ZA for the tax year or any earlier tax year,
- (b) section 809B, 809D or 809E of ITA 2007 (remittance basis) applies to the individual for the tax year, and
- (c) the individual is not domiciled in the United Kingdom in the tax year.
- (2) The following steps apply for the purpose of calculating the amount on which the individual is to be charged to capital gains tax for the tax year.
- *Step 1*Deduct any relevant allowable losses from the chargeable gains referred to in subsection (3) in the order in which they appear there (starting with paragraph (a) of that subsection).If allowable losses are deductible from the chargeable gains referred to in subsection (3)(b) but are not enough to exhaust them all—those chargeable gains are to be ordered according to the day on which they accrued,the losses are to be deducted from those gains in reverse chronological order (starting with the last chargeable gain to accrue), andif allowable losses are deductible from chargeable gains that accrued on a particular day but are not enough to exhaust all of the chargeable gains that accrued on that day, the amount deducted from each of those chargeable gains is the appropriate proportion of the losses.In paragraph (c) “*the appropriate proportion*”, in relation to a chargeable gain, is the amount of that gain divided by the total amount of the chargeable gains that accrued on the day in question.
- *Step 2*Treat the amount referred to in section 2(2) or (4)(a) or 16ZB(3)(a) as being equal to—the amount it would be if there were no relevant allowable losses, minusthe total amount deducted under Step 1 from chargeable gains within subsection (3)(a) or (c).
- (3) The chargeable gains are—
- (a) foreign chargeable gains accruing to the individual in the tax year, to the extent that they are remitted to the United Kingdom in that year,
- (b) foreign chargeable gains accruing to the individual in that year, to the extent that they are not so remitted in that year, and
- (c) chargeable gains accruing to the individual in that year (other than foreign chargeable gains).
- (4) Chargeable gains treated as accruing under section 87 or 89(2) (read, where appropriate, with section 10A) are not within any paragraph of subsection (3).
- (5) Chargeable gains treated as accruing under section 12 are not within subsection (3)(c).
- (6) For the purposes of subsection (3) foreign chargeable gains are remitted to the United Kingdom if they are regarded as so remitted for the purposes of section 12.
- (7) In this section—
- “*relevant allowable losses*” means the allowable losses that section 2(2) provides may be deducted from chargeable gains accruing to the individual in the tax year, and
- “*foreign chargeable gains*” has the meaning given by section 12(4).
##### 16ZD
- (1) This section applies if section 16ZC applies to an individual for a tax year.
- (2) Any allowable loss deducted under step 1 of section 16ZC(2) is to be regarded (for the purposes of section 2(2)(b)) as allowed as a deduction from chargeable gains accruing to the individual in the tax year.
- (3) If a deduction is made under step 1 of section 16ZC(2) from a foreign chargeable gain within section 16ZC(3)(b), the amount of the foreign chargeable gain is reduced by the amount deducted.
#### Disposals in cases of hire-purchase and similar transactions.
##### 35A
- (1) This section applies for the purposes of capital gains tax in relation to a disposal of an asset if—
- (a) the person making the disposal acquired the asset after 31 March 1982 and before 6 April 2008,
- (b) the disposal by which the person acquired the asset (“the relevant disposal”), and any previous disposal of the asset after 31 March 1982, was a disposal on which, by virtue of any enactment, neither a gain nor a loss accrued to the person making the disposal, and
- (c) section 35(2) did not apply to the relevant disposal.
- (2) It is to be assumed that section 35(2) did apply to the relevant disposal (and that section 56(2) applied to the relevant disposal accordingly).
#### Restriction of losses: long funding leases of plant or machinery
#### Death: application of law in Northern Ireland
##### 52A
This Chapter applies only for the purposes of corporation tax.
##### 87A
- (1) This section supplements section 87.
- (2) The following steps are to be taken for the purposes of matching capital payments with section 2(2) amounts.
- *Step 1*Find the section 2(2) amount for the relevant tax year.
- *Step 2*Find the total amount of capital payments received by the beneficiaries from the trustees in the relevant tax year.
- *Step 3*The section 2(2) amount for the relevant tax year is matched with—if the total amount of capital payments received in the relevant tax year does not exceed the section 2(2) amount for the relevant tax year, each capital payment so received, andotherwise, the relevant proportion of each of those capital payments.“*The relevant proportion*” is the section 2(2) amount for the relevant tax year divided by the total amount of capital payments received in the relevant tax year.
- *Step 4*If paragraph (a) of Step 3 applies—reduce the section 2(2) amount for the relevant tax year by the total amount of capital payments referred to there, andreduce the amount of those capital payments to nil.If paragraph (b) of that Step applies—reduce the section 2(2) amount for the relevant tax year to nil, andreduce the amount of each of the capital payments referred to there by the relevant proportion of that capital payment.
- *Step 5*Start again at Step 1 (unless subsection (3) applies).If the section 2(2) amount for the relevant tax year (as reduced under Step 4) is not nil, read references to capital payments received in the relevant tax year as references to capital payments received in the latest tax year which—is before the last tax year for which Steps 1 to 4 have been undertaken, andis a tax year in which capital payments (the amounts of which have not been reduced to nil) were received by beneficiaries.If the section 2(2) amount for the relevant tax year (as so reduced) is nil, read references to the section 2(2) amount for the relevant tax year as the section 2(2) amount for the latest tax year—which is before the last tax year for which Steps 1 to 4 have been undertaken, andfor which the section 2(2) amount is not nil.
- (3) This subsection applies if—
- (a) all of the capital payments received by beneficiaries from the trustees in the relevant tax year or any earlier tax year have been reduced to nil, or
- (b) the section 2(2) amounts for the relevant tax year and all earlier tax years have been reduced to nil.
- (4) The effect of any reduction under Step 4 of subsection (2) is to be taken into account in any subsequent application of this section.
##### 87B
- (1) This section applies if—
- (a) chargeable gains are treated under section 87 as accruing to an individual in a tax year,
- (b) section 809B, 809D or 809E (remittance basis) applies to the individual for that year, and
- (c) the individual is not domiciled in the United Kingdom in that year.
- (2) The chargeable gains are foreign chargeable gains within the meaning of section 12 (non-UK domiciled beneficiaries to whom remittance basis applies).
- (3) For the purposes of Chapter A1 of Part 14 of ITA 2007 (remittance basis) treat relevant property or benefits as deriving from the chargeable gains.
- (4) For the purposes of subsection (3) property or a benefit is “relevant” if the capital payment by reason of which the chargeable gains are treated as accruing consists of—
- (a) the payment or transfer of the property or its becoming property to which section 60 applies, or
- (b) the conferring of the benefit.
##### 87C
- (1) For the purposes of sections 87 and 87A as they apply in relation to a settlement, no account is to be taken of a capital payment (or a part of a capital payment) within subsection (2).
- (2) A capital payment is within this subsection if (and to the extent that) it is received (or treated as received) in a tax year from the trustees of the settlement by a company that—
- (a) is not resident in the United Kingdom in that year, and
- (b) would be a close company if it were resident in the United Kingdom,
(and is not treated under any of subsections (3) to (5) of section 96 as received by another person).
##### 90A
- (1) Section 90 does not apply to a transfer of settled property made for consideration in money or money's worth if the amount (or value) of that consideration is equal to or exceeds the market value of the property transferred.
- (2) The following provisions apply if—
- (a) section 90 applies to a transfer of settled property made for consideration in money or money's worth, and
- (b) the amount (or value) of that consideration is less than the market value of the property transferred.
- (3) If the transfer is of all of the settled property, for the purposes of section 90 treat the transfer as being of part only of the settled property.
- (4) Deduct the amount (or value) of the consideration from the amount of the market value referred to in section 90(4)(a).
##### 119B
- (1) For the purposes of section 119A reduce the amount that counts as employment income by so much of that amount (if any) as is unremitted foreign securities income.
- (2) In this section “*unremitted foreign securities income*” means income that—
- (a) is foreign securities income for the purposes of section 41A of ITEPA 2003 (employment income from ERS charged on remittance basis), 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 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 section 169L.
- (4) Section 169M makes provision requiring the making of a claim for entrepreneurs' relief.
- (5) Sections 169N to 169P make provision as to the amount of entrepreneurs' relief.
- (6) Sections 169Q and 169R make provision about reorganisations.
- (7) Section 169S contains interpretative provisions for the purposes of this Chapter.
##### 169I
- (1) There is a material disposal of business assets where—
- (a) an individual makes a disposal of business assets (see subsection (2)), and
- (b) the disposal of business assets is a material disposal (see subsections (3) to (7)).
- (2) For the purposes of this Chapter a disposal of business assets is—
- (a) a disposal of the whole or part of a business,
- (b) a disposal of (or of interests in) one or more assets in use, at the time at which a business ceases to be carried on, for the purposes of the business, or
- (c) a disposal of one or more assets consisting of (or of interests in) shares in or securities of a company.
- (3) A disposal within paragraph (a) of subsection (2) is a material disposal if the business is owned by the individual throughout the period of 1 year ending with the date of the disposal.
- (4) A disposal within paragraph (b) of that subsection is a material disposal if—
- (a) the business is owned by the individual throughout the period of 1 year ending with the date on which the business ceases to be carried on, and
- (b) that date is within the period of 3 years ending with the date of the disposal.
- (5) A disposal within paragraph (c) of subsection (2) is a material disposal if condition A or B is met.
- (6) Condition A is that, throughout the period of 1 year ending with the date of the disposal—
- (a) the company is the individual's personal company and is either a trading company or the holding company of a trading group, and
- (b) the individual is an officer or employee of the company or (if the company is a member of a trading group) of one or more companies which are members of the trading group.
- (7) Condition B is that the conditions in paragraphs (a) and (b) of subsection (6) are met throughout the period of 1 year ending with the date on which the company—
- (a) ceases to be a trading company without continuing to be or becoming a member of a trading group, or
- (b) ceases to be a member of a trading group without continuing to be or becoming a trading company,
and that date is within the period of 3 years ending with the date of the disposal.
- (8) For the purposes of this section—
- (a) an individual who disposes of (or of interests in) assets used for the purposes of a business carried on by the individual on entering into a partnership which is to carry on the business is to be treated as disposing of a part of the business,
- (b) the disposal by an individual of the whole or part of the individual's interest in the assets of a partnership is to be treated as a disposal by the individual of the whole or part of the business carried on by the partnership, and
- (c) at any time when a business is carried on by a partnership, the business is to be treated as owned by each individual who is at that time a member of the partnership.
##### 169J
- (1) There is a disposal of trust business assets where—
- (a) the trustees of a settlement make a disposal of settlement business assets (see subsection (2)),
- (b) there is an individual who is a qualifying beneficiary (see subsection (3)), and
- (c) the relevant condition is met (see subsections (4) and (5)).
- (2) In this Chapter “*settlement business assets*” means—
- (a) assets consisting of (or of interests in) shares in or securities of a company, or
- (b) assets (or interests in assets) used or previously used for the purposes of a business,
which are part of the settled property.
- (3) An individual is a qualifying beneficiary if the individual has, under the settlement, an interest in possession (otherwise than for a fixed term) in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the settlement business assets disposed of.
- (4) In relation to a disposal of settlement business assets within paragraph (a) of subsection (2) the relevant condition is that, throughout a period of 1 year ending not earlier than 3 years before the date of the disposal—
- (a) the company is the qualifying beneficiary's personal company and is either a trading company or the holding company of a trading group, and
- (b) the qualifying beneficiary is an officer or employee of the company or (if the company is a member of a group of companies) of one or more companies which are members of the trading group.
- (5) In relation to a disposal of settlement business assets within paragraph (b) of that subsection, the relevant condition is that—
- (a) the settlement business assets are used for the purposes of the business carried on by the qualifying beneficiary throughout the period of 1 year ending not earlier than 3 years before the date of the disposal, and
- (b) the qualifying beneficiary ceases to carry on the business on the date of the disposal or within the period of three years before that date.
- (6) In subsection (5)—
- (a) the reference to a business carried on by the qualifying beneficiary includes a business carried on by a partnership of which the qualifying beneficiary is a member, and
- (b) the reference to the qualifying beneficiary ceasing to carry on the business includes the qualifying beneficiary ceasing to be a member of the partnership or the partnership ceasing to carry on the business.
##### 169K
- (1) There is a disposal associated with a relevant material disposal if conditions A, B and C are met.
- (2) Condition A is that an individual makes a material disposal of business assets which consists of—
- (a) the disposal of the whole or part of the individual's interest in the assets of a partnership, or
- (b) the disposal of (or of interests in) shares in or securities of a company.
- (3) Condition B is that the individual makes the disposal as part of the withdrawal of the individual 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.
- (4) Condition C is that, throughout the period of 1 year ending with the earlier of—
- (a) the date of the material disposal of business assets, and
- (b) the cessation of the business of the partnership or company,
the assets which (or interests in which) are disposed of are in use for the purposes of the business.
- (5) For the purposes of this Chapter the disposal mentioned in Condition B is the disposal associated with a relevant material disposal.
##### 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 goodwill) which are, or are interests in, assets to which subsection (3) applies, other than excluded assets (see subsection (4) below).
- (3) This subsection applies to assets which—
- (a) in the case of a material disposal of business assets, are assets used for the purposes of a business carried on by the individual or a partnership of which the individual is a member,
- (b) in the case of a disposal of trust business assets, are assets used for the purposes of a business carried on by the qualifying beneficiary or a partnership of which the qualifying beneficiary is a member, or
- (c) in the case of a disposal associated with a relevant material disposal, are assets used for the purposes of a business carried on by the partnership or company.
- (4) The following are excluded assets—
- (a) shares and securities, and
- (b) assets, other than shares or securities, which are held as investments.
##### 169M
- (1) Entrepreneurs' relief is to be given only on the making of a claim.
- (2) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made—
- (a) in the case of a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (3) A claim for entrepreneurs' relief in respect of a qualifying business disposal must be made on or before the first anniversary of the 31 January following the tax year in which the qualifying business disposal is made.
- (4) A claim for entrepreneurs' relief in respect of a qualifying business disposal may only be made if the amount resulting under section 169N(1) is a positive amount.
##### 169N
- (1) Where a claim is made in respect of a qualifying business disposal—
- (a) the relevant gains (see subsection (5)) are to be aggregated, and
- (b) any relevant losses (see subsection (6)) are to be aggregated and deducted from the aggregate arrived at under paragraph (a).
- (2) The resulting amount is to be treated for the purposes of this Act as a chargeable gain accruing at the time of the disposal to the individual or trustees by whom the claim is made.
- (3) The rate of capital gains tax in respect of that gain is 10%, but this is subject to subsections (4) to (4B).
- (4) Subsections (4A) and (4B) apply if the aggregate of—
- (a) the gain mentioned in subsection (2), and
- (b) the total of so much of each amount resulting under subsection (1) by virtue of its operation in relation to earlier relevant qualifying business disposals (if any) as was—
- (i) charged at the rate in subsection (3), or
- (ii) subject to reduction under subsection (2) of this section as originally enacted,
exceeds £10 million.
- (4A) The rate in subsection (3) is to apply only to so much (if any) of the gain mentioned in subsection (2) as (when added to the total mentioned in subsection (4)(b)) does not exceed £10 million.
- (4B) Section 4 (rates of capital gains tax) is to apply to so much of the gain mentioned in subsection (2) as is not subject to the rate in subsection (3).
- (5) In subsection (1)(a) “*relevant gains*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), the gains accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of chargeable gains), and
- (b) otherwise, the gains accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed).
- (6) In subsection (1)(b) “*relevant losses*” means—
- (a) if the qualifying business disposal is of (or of interests in) shares in or securities of a company (or both), any losses accruing on the disposal (computed in accordance with the provisions of this Act fixing the amount of allowable losses, on the assumption that notice has been given under section 16(2A) in respect of them), and
- (b) otherwise, any losses accruing on the disposal of any relevant business assets comprised in the qualifying business disposal (so computed, on that assumption).
- (7) In subsection (4) “*earlier relevant qualifying business disposals*” means—
- (a) where the qualifying business disposal is made by an individual, earlier qualifying business disposals made by the individual and earlier disposals of trust business assets in respect of which the individual is the qualifying beneficiary, and
- (b) where the qualifying business disposal is a disposal of trust business assets in respect of which an individual is the qualifying beneficiary, earlier disposals of trust business assets in respect of which that individual is the qualifying beneficiary and earlier qualifying business disposals made by that individual.
- (8) If, on the same day, there is both a disposal of trust business assets in respect of which an individual is the qualifying beneficiary and a qualifying business disposal by the individual, this section applies as if the disposal of trust business assets were later.
- (9) Any gain or loss taken into account under subsection (1) is not to be taken into account under this Act as a chargeable gain or an allowable loss.
##### 169O
- (1) This section applies where, on a disposal of trust business assets, there is (in addition to the qualifying beneficiary) at least one other beneficiary who, at the material time, has an interest in possession in—
- (a) the whole of the settled property, or
- (b) a part of it which consists of or includes the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of.
- (2) Only the relevant proportion of the amount which would otherwise result under subsection (1) of section 169N is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) For the purposes of this section “the relevant proportion” of an amount is the same proportion of the amount as that which, at the material time—
- (a) the qualifying beneficiary's interest in the income of the part of the settled property comprising the shares or securities (or interests in shares or securities) or assets (or interests in assets) disposed of, bears to
- (b) the interests in that income of all the beneficiaries (including the qualifying beneficiary) who then have interests in possession in that part of the settled property.
- (5) In subsection (4) “*the qualifying beneficiary's interest*” means the interest by virtue of which he is the qualifying beneficiary (and not any other interest the qualifying beneficiary may have).
- (6) In this section “*the material time*” means the end of the latest period of 1 year which ends not earlier than 3 years before the date of the disposal and—
- (a) in the case of a disposal of settlement business assets within paragraph (a) of subsection (2) of section 169J, throughout which the conditions in paragraphs (a) and (b) of subsection (4) of that section are met, and
- (b) in the case of a disposal of settlement business assets within paragraph (b) of subsection (2) of that section, throughout which the business is carried on by the qualifying beneficiary.
##### 169P
- (1) This section applies where, on a disposal associated with a relevant material disposal, any of the conditions in subsection (4) is met.
- (2) Only such part of the amount which would otherwise result under subsection (1) of section 169N as is just and reasonable is to be treated as so resulting.
- (3) And the balance of that amount, ... , is accordingly a chargeable gain for the purposes of this Act.
- (4) The conditions referred to in subsection (1) are—
- (a) that the assets which (or interests in which) are disposed of are in use for the purposes of the business for only part of the period in which they are in the ownership of the individual,
- (b) that only part of the assets which (or interests in which) are disposed of are in use for the purposes of the business for that period,
- (c) that the individual is concerned in the carrying on of the business (whether personally, as a member of a partnership or as an officer or employee of a company which is the individual's personal company) for only part of the period in which the assets which (or interests in which) are disposed of are in use for the purposes of the business, and
- (d) that, for the whole or any part of the period for which the assets which (or interests in which) are disposed of are in use for the purposes of the business, their availability is dependent on the payment of rent.
- (5) In determining how much of an amount it is just and reasonable to bring into account under subsection (2) regard is to be had to—
- (a) in a case within paragraph (a) of subsection (4), the length of the period for which the assets are in use as mentioned in that paragraph,
- (b) in a case within paragraph (b) of that subsection, the part of the assets that are in use as mentioned in that paragraph,
- (c) in a case within paragraph (c) of that subsection, the length of the period for which the individual is concerned in the carrying on of the business as mentioned in that paragraph, and
- (d) in a case within paragraph (d) of that subsection, the extent to which any rent paid is less than the amount which would be payable in the open market for the use of the assets.
##### 169Q
- (1) This section applies where—
- (a) there is a reorganisation (within the meaning of section 126), and
- (b) the original shares and the new holding (within the meaning of that section) would fall to be treated by virtue of section 127 as the same asset.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the reorganisation involved a disposal of the original shares; and if such a claim is made section 127 does not apply.
- (3) An election under this section must be made—
- (a) if the reorganisation would (apart from section 127) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the reorganisation takes place.
- (5) The references in this section to a reorganisation (within the meaning of section 126) includes an exchange of shares or securities which is treated as such a reorganisation by virtue of section 135 or 136.
##### 169R
- (1) This section applies where the calculation under section 116(10)(a) would (apart from this section) have effect to produce a chargeable gain for an individual by reason of a relevant transaction.
- (2) If an election is made under this section, a claim for entrepreneurs' relief may be made as if the relevant transaction involved a disposal of the old asset; and if such a claim is made section 116(10) does not apply.
- (3) An election under this section must be made—
- (a) if the relevant transaction, so far as it relates to the old asset, would (apart from section 116(10)) involve a disposal of trust business assets, jointly by the trustees and the qualifying beneficiary, and
- (b) otherwise, by the individual.
- (4) An election under this section must be made on or before the first anniversary of the 31 January following the tax year in which the relevant transaction takes place.
- (5) In this section, “old asset” and “relevant transaction” have the meaning given by section 116.
##### 169S
- (1) For the purposes of this Chapter “*a business*” means anything which—
- (a) is a trade, profession or vocation, and
- (b) is conducted on a commercial basis and with a view to the realisation of profits.
- (2) References in this Chapter to a disposal of an interest in shares in a company include a disposal of an interest in shares treated as made by virtue of section 122.
- (3) For the purposes of this Chapter “*personal company*”, in relation to an individual, means a company—
- (a) at least 5% of the ordinary share capital of which is held by the individual, and
- (b) at least 5% of the voting rights in which are exercisable by the individual by virtue of that holding.
- (4) For the purposes of subsection (3) if the individual holds any shares in the company jointly or in common with one or more other persons, the individual is to be treated as sole holder of so many of them as is proportionate to the value of the individual's share (and as able to exercise voting rights by virtue of that holding).
- (5) In this Chapter—
- “*disposal associated with a relevant material disposal*” has the meaning given by section 169K,
- “*disposal of business assets*” has the meaning given by section 169I(2),
- “*disposal of trust business assets*” has the meaning given by section 169J,
- “*employment*” has the meaning given by section 4 of ITEPA 2003,
- “*entrepreneurs' relief*” has the meaning given by section 169H(1),
- “*holding company*” has the same meaning as in section 165 (see section 165A),
- “*material disposal of business assets*” has the meaning given by section 169I,
- “*office*” has the meaning given by section 5(3) of ITEPA 2003,
- “*ordinary share capital*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007),
- “*qualifying business disposal*” has the meaning given by section 169H(2),
- “*relevant business asset*” has the meaning given by section 169L,
- “*rent*”, in relation to an asset, includes any form of consideration given for the use of the asset,
- “*securities*”, in relation to a company, includes any debentures of the company which are deemed by subsection (6) of section 251 to be securities for the purposes of that section,
- “*settlement business assets*” has the meaning given by section 169J(2),
- “*trade*” has the same meaning as in the Income Tax Acts (see section 989 of ITA 2007), and
- “*trading company*” and “*trading group*” have the same meaning as in section 165 (see section 165A).
#### Restrictions on setting losses against pre-entry gains.
#### Part disposal to authority with compulsory powers.
#### Treating trade loss etc as CGT loss
#### Elections under section 279A
### Application of Schedule
##### A1
This Schedule applies only for the purposes of corporation tax.
### Outstanding section 2(2) amounts
##### 1A
- (1) The following steps are to be taken for the purpose of calculating the section 2(2) amounts for a settlement that are outstanding at the end of a tax year (“the relevant tax year”).
- *Step 1*Find the section 2(2) amount for the settlement for the relevant tax year and earlier tax years, as reduced under section 87A as it applies for the relevant tax year and earlier tax years.
- *Step 2*This Step applies if, by virtue of the matching of the section 2(2) amount for the settlement for a tax year (“the applicable year”) with a capital payment, chargeable gains are treated under section 87 or 89(2) as accruing in the relevant tax year to a beneficiary who is not chargeable to tax for that year.Increase the section 2(2) amount for the applicable year (found under Step 1) by the amount of the chargeable gains.
- (2) For the purposes of Step 1 of sub-paragraph (1) take into account the effect of section 90 in relation to any transfer of settled property from or to the trustees of the settlement made in or before the relevant tax year.
- (3) For the purposes of this Schedule a beneficiary is “chargeable to tax” for a tax year if the beneficiary is resident or ordinarily resident in the United Kingdom in that year.
### Attribution of gains: remittance basis
##### 8AA
Section 87B (remittance basis) applies in relation to chargeable gains treated under paragraph 8 as accruing as it applies in relation to chargeable gains treated under section 87 as accruing.
##### 116A
- (1) Section 116 applies in accordance with the following assumptions if—
- (a) a holding that is a relevant holding for the purposes of section 490 of CTA 2009 (holdings in OEICs, unit trusts and offshore funds treated as creditor relationship rights) is held by a company both at the end of one accounting period and at the beginning of the next, and
- (b) that section applies to the holding for one of those periods but not for the other.
- (2) The assumptions in subsections (3) and (4) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the first of those periods.
- (3) The relevant holding is assumed to have ceased to be a relevant holding for the second of those periods as a result of a transaction such as is mentioned in section 116(1) (“the reorganisation transaction”) occurring at the beginning of that period.
- (4) In relation to the reorganisation transaction within subsection (3), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
- (5) The assumptions in subsections (6) and (8) apply for the purposes of this Act if the accounting period for which section 490 of CTA 2009 applies to the relevant holding is the second of those periods.
- (6) The holding is assumed to have become a relevant holding for the second of those periods as a result of the occurrence at the end of first period of a transaction such as is mentioned in section 116(1).
- (7) But subsection (6) does not apply if the first of those periods is a period at the end of which a disposal of the relevant holding is treated as having occurred under section 212 (annual deemed disposal of holdings of unit trusts etc by insurance companies).
- (8) In relation to the reorganisation transaction within subsection (6), for the purposes of section 116—
- (a) the relevant holding immediately before the beginning of the second of those periods is assumed to be the old asset, and
- (b) the relevant holding immediately after the beginning of that period is assumed to be the new asset.
##### 116B
- (1) If at any time section 521B of CTA 2009 (application of Part 5 of that Act to certain shares as rights under a creditor relationship) begins or ceases to apply in the case of a share held by the investing company it is treated for the purposes of this Act—
- (a) as having disposed of the share immediately before that time for consideration of an amount equal to the notional carrying value of the share at that time, and
- (b) as having immediately reacquired it for consideration of the same amount.
- (2) In this section—
- “*notional carrying value*” has the same meaning as in subsection (2) of section 521F of CTA 2009 (see subsection (3) of that section),
- “*investing company*” has the same meaning as it has for the purposes of Chapter 6A of Part 6 of that Act (shares accounted for as liabilities) (see section 521A(3) of that Act).
##### 151E
- (1) The Treasury may by regulations make provision for or in connection with bringing into account in prescribed circumstances for the purposes of this Act amounts to which section 328(1) of CTA 2009 does not apply because of section 328(3) or (4) of that Act.
- (2) The regulations may—
- (a) make different provision for different cases, and
- (b) make provision subject to an election or to other prescribed conditions.
##### 151F
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 151G
- (1) If the Treasury make regulations under section 533 of CTA 2009 (power to change conditions for non-qualifying shares) adding, varying or removing such a condition as is mentioned in subsection (1) of that section, they may also by regulations amend this Act so as to make provision for or in connection with taxation in the case of any asset or transaction that is or was mentioned in the condition.
- (2) Regulations under this section may—
- (a) make different provision for different cases, and
- (b) make incidental, supplemental, consequential and transitional provisions and savings.
- (3) Regulations made under subsection (2)(b) may, in particular, include provision amending any enactment or any instrument made under an enactment.
##### 156ZA
- (1) This section applies if a company is entitled to relief under Chapter 7 of Part 8 of CTA 2009 (roll-over relief in case of realisation and reinvestment) as a result of—
- (a) section 898 of that Act (roll-over relief where pre-FA 2002 assets disposed of on or after 1 April 2002), or
- (b) section 899 of that Act (roll-over relief where degrouping charge on pre-FA 2002 asset arises on or after 1 April 2002).
- (2) The company is treated for the purposes of this Act as if the consideration for the disposal of the old asset were reduced by the amount available for relief.
- (3) Subsection (2) does not affect the treatment for any purpose of the Taxes Acts of the other party to any transaction involved in the disposal of the old asset or the expenditure on other assets.
- (4) In this section—
- “*the old asset*” has the same meaning as in Chapter 7 of Part 8 of CTA 2009 (see section 754(2)), and
- “*the Taxes Acts*” means the enactments relating to income tax, corporation tax or chargeable gains.
##### 156ZB
- (1) This section 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.
#### Information.
#### De-registration of registered pension schemes
#### Interpretation of Chapter
#### Section 275A: supplementary provisions
##### 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) 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).
#### Effect of election under section 279A
#### Variation of will or intestacy, etc: identification of settlor
#### Variation of will or intestacy, etc: identification of settlor
##### 103A
- (1) This Act applies in relation to a relevant offshore fund as if—
- (a) the fund were a company, and
- (b) the rights of the participants in the fund were shares in the company.
- (2) An offshore fund is a relevant offshore fund if—
- (a) it is not constituted by a company or by two or more persons carrying on a trade or business in partnership, and
- (b) it is not a unit trust scheme (see section 99).
- (3) In this section and section 103B—
- “offshore fund” has the meaning given in section 355 of TIOPA 2010;
- “participant”, in relation to a fund, has the meaning given in section 362(1) of that Act.
##### 171B
- (1) This section applies where an election is made under section 171A.
- (2) The effect of the election is that the chargeable gain or allowable loss, or such amount of it as is specified in the election, is treated as accruing not to company A but to company B.
- (3) The gain or loss treated as accruing to company B is to be taken to accrue at the time that, had the election not been made, it would have accrued to company A.
- (4) Where company B is not resident in the United Kingdom, the gain or loss treated as accruing to it is to be taken to accrue in respect of a chargeable asset held by it.
- (5) For this purpose an asset is a “*chargeable asset*” in relation to a company at any time if any gain accruing to the company on a disposal of the asset by the company at that time would be a chargeable gain and would by virtue of section 10B form part of its chargeable profits for corporation tax purposes.
- (6) Any payment made by company A to company B or by company B to company A, in pursuance of an agreement between them in connection with the election—
- (a) is not to be taken into account in computing profits or losses of either company for corporation tax purposes, and
- (b) is not for any purposes of the Corporation Tax Acts to be regarded as a distribution,
provided it does not exceed the amount of the chargeable gain or allowable loss that is treated, as a result of the election, as accruing to company B.
##### 171C
- (1) This section applies where —
- (a) an election is made under section 171A in relation to a gain or loss, and
- (b) company B is an insurance company.
- (2) For the purposes of section 171A(1)(c), section 118 of the Finance Act 2012 (disposals of certain assets by and to insurance companies to fall outside the rule in section 171) is to be disregarded.
- (3) Subsection (2) does not apply if—
- (a) company A is an insurance company, and
- (b) the gain or loss arose in respect of the disposal of an asset that, immediately before the disposal, was held for the purposes of the company's long-term business.
- (4) The chargeable gain or allowable loss treated as accruing to company B as a result of the election is to be treated for the purposes of section 210A (ring-fencing of losses) as a non-BLAGAB chargeable gain or (as the case may be) a non-BLAGAB allowable loss.
- (5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 195A
- (1) Sections 195B to 195F apply for the purposes of corporation tax on chargeable gains.
- (2) In those sections—
- “*licence-consideration swap*” means a case where conditions A, B, C and D are met;
- “*mixed-consideration swap*” means a case where conditions A, B, C and E are met.
- (3) Condition A is that a company (“company A”) disposes of one or more UK licences to another company (“company B”), by way of a bargain at arm's length (“disposal A”).
- (4) Condition B is that company B disposes of one or more UK licences to company A, by way of a bargain at arm's length (“disposal B”).
- (5) Condition C is that either or both of the following paragraphs applies—
- (a) the licence, or at least one of the licences, comprised in disposal A relates to a developed area;
- (b) the licence, or at least one of the licences, comprised in disposal B relates to a developed area.
- (6) Condition D is that both—
- (a) disposal A is the only consideration given for disposal B, and
- (b) disposal B is the only consideration given for disposal A.
- (7) Condition E is that either—
- (a) disposal A is the only consideration given for disposal B, or
- (b) disposal B is the only consideration given for disposal A,
(and accordingly one of the disposals is part of the consideration given for the other disposal).
- (8) In this section and sections 195B to 196 a reference to disposal of a UK licence includes—
- (a) a disposal of an interest in a UK licence, and
- (b) a disposal of a UK licence, or an interest in a UK licence, only so far as the licence relates to part of the licensed area.
##### 195B
- (1) This section applies to a licence-consideration swap.
- (2) Each company participating in the swap is to be treated as follows.
- (3) As regards the licence, or each licence, which the company disposes of, the company is to be treated as if it had disposed of that licence for a consideration of such amount as to secure that on the disposal neither a gain nor a loss accrues to the company.
- (4) In a case where the company acquires only one licence, the company is to be treated as if it had acquired the licence for a consideration of the same amount as the deemed disposal consideration.
- (5) In a case where the company acquires two or more licences, as regards each licence acquired, the company is to be treated as if it had acquired that licence for a consideration of—
$$DDC×ATA$where—DDC is the deemed disposal consideration,A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (6) In this section “*deemed disposal consideration*”, in relation to a company participating in the swap, means—
- (a) the amount of the consideration for which the company is, under subsection (3), treated as having disposed of its licence (if the company disposes of only one licence), or
- (b) the aggregate of all such amounts (if the company disposes of two or more licences).
##### 195C
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss loss amount (“N”) of the company that receives the mixed consideration (“company R”), exceeds
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) In a case where company R acquires only one licence, company R is to be treated as if it had acquired the licence for a consideration of—
$N-C$
- (3) In a case where company R acquires two or more licences, as regards each licence acquired, company R is to be treated as if it had acquired the licence for a consideration of—
$$(N-C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company R of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company R is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company G”) subsequently disposes of the licence, company R's acquisition of the licence is to be treated as company G's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company R is a reference to—
- (a) in a case where company R disposes of only one licence, company R's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company R disposes of two or more licences, the aggregate of company R's no gain/no loss amounts in relation to all of those disposals.
##### 195D
- (1) This section applies to a mixed-consideration swap if—
- (a) the no gain/no loss amount (“N”) of the company that receives the mixed consideration (“company R”) does not exceed
- (b) the amount of non-licence consideration (“C”) which company R receives.
- (2) As regards the licence, or each licence, which company R acquires, company R is to be treated as if it had acquired the licence for nil consideration.
- (3) In a case where company R disposes of only one licence, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$C-N$
- (4) In a case where company R disposes of two or more licences, as regards each licence disposed of, company R is to be treated as if, on the disposal of the licence, there had arisen a gain of—
$$(C-N)×DTD$where—D is the value of the licence disposed of, and TD is total value of all the licences disposed of.$
##### 195E
- (1) This section applies to a mixed-consideration swap—
- (a) whatever the no gain/no loss amount (“N”) of the company that gives the mixed consideration (“company G”), and
- (b) whatever the amount of the non-licence consideration (“C”) which company G gives.
- (2) In a case where company G acquires only one licence, company G is to be treated as if it had acquired the licence for a consideration of—
$N+C$
- (3) In a case where company G acquires two or more licences, as regards each licence acquired, company G is to be treated as if it had acquired the licence for a consideration of—
$$(N+C)×ATA$where—A is the value of the licence acquired, and TA is total value of all the licences acquired.$
- (4) The disposal by company G of a licence under the swap is to be taken to be one on which neither a gain nor a loss accrues.
- (5) But (despite subsection (4)), the disposal by company G is not a no gain/no loss disposal for the purposes of section 56.
- (6) For the purposes of the application of sections 53 and 54, any enactment is to be disregarded insofar as it provides that, if the other company which acquires a licence under the swap (“company R”) subsequently disposes of the licence, company G's acquisition of the licence is to be treated as company R's acquisition of it.
- (7) In this section the reference to the no gain/no loss amount of company G is a reference to—
- (a) in a case where company G disposes of only one licence, company G's no gain/no loss amount in relation to that disposal, or
- (b) in a case where company G disposes of two or more licences, the aggregate of company G's no gain/no loss amounts in relation to all of those disposals.
##### 198A
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for roll-over relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 152 does not apply to any of the disposal consideration, and
- (b) any gain accruing to P on the disposal is not a chargeable gain.
- (4) In this section “*disposal consideration*” means the whole of the consideration obtained on the disposal made by P.
##### 198B
- (1) This section applies if a person (“P”) makes a disposal and acquisition which—
- (a) is a ring fence reinvestment, and
- (b) qualifies for section 153 relief.
- (2) P may make a claim under this section in relation to the disposal and acquisition.
- (3) If P makes a claim under this section—
- (a) section 153(1)(a) applies in relation to P and the disposal, but
- (b) section 153(1)(b) does not apply to P and the acquisition.
##### 198C
- (1) This section applies where a person (“P”) carrying on a ring fence trade who for a consideration disposes of, or of an interest in, any assets (“the old assets”) declares, in P's return for the chargeable period in which the disposal takes place—
- (a) that the whole or any specified part of the consideration will be applied in the acquisition of, or of an interest in, other assets (“the new assets”),
- (b) that the acquisition will take place as mentioned in section 152(3),
- (c) that the disposal and acquisition will be a ring fence reinvestment,
- (d) that P intends to make a claim under section 198A or 198B in relation to the disposal and acquisition, and
- (e) that P has not made, and will not make, a declaration under section 153A in relation to the disposal and acquisition.
- (2) Until the declaration ceases to have effect, section 198A or 198B applies as if the acquisition had taken place and the person had made a claim under that section.
- (3) The declaration ceases to have effect as follows—
- (a) if and to the extent that it is withdrawn before the relevant day, or is superseded before that day by a valid claim made under section 198A or 198B, on the day on which it is so withdrawn or superseded, and
- (b) if and to the extent that it is not so withdrawn or superseded, on the relevant day.
- (4) On the declaration ceasing to have effect in whole or in part, all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) If—
- (a) P makes a declaration under this section, and
- (b) the disposal and acquisition is not a ring fence reinvestment, but qualifies for roll-over relief or section 153 relief,
on P making a claim, the declaration is to have effect as also a declaration under section 153A.
- (6) In this section “*the relevant day*” means—
- (a) in relation to capital gains tax, the third anniversary of the 31st January next following the year of assessment in which the disposal of, or of the interest in, the old assets took place, and
- (b) in relation to corporation tax, the fourth anniversary of the last day of the accounting period in which that disposal took place.
- (7) Section 152(6), (10) and (11) apply for the purposes of this section as they apply for the purposes of section 152.
##### 198D
- (1) If P makes a claim under section 198A or 198B, no other relevant claim may be made in respect of the relevant acquisition.
- (2) P may make a claim under section 198A or 198B (“the new claim”), if P has previously made a claim under section 152 or 153 (“the previous claim”) in respect of the relevant acquisition.
- (3) But P may make the new claim only if the previous claim is withdrawn at or before the time the new claim is made.
- (4) If the new claim is made in accordance with subsections (2) and (3), all necessary adjustments—
- (a) are to be made by making or amending assessments or by repayment or discharge of tax, and
- (b) are to be so made despite any limitation on the time within which assessments or amendments may be made.
- (5) In this section—
- “*relevant acquisition*” means the acquisition of the new assets that is comprised in the disposal and acquisition to which a claim under section 198A or 198B or declaration under section 198C relates;
- “*relevant claim*” means a claim under section 152, 153, 198A or 198B.
##### 198E
- (1) This section applies for the purposes of sections 198A to 198G.
- (2) A disposal and acquisition is a ring fence reinvestment if—
- (a) the disposal was—
- (i) a material disposal, or
- (ii) a disposal of a UK licence which relates to an undeveloped area,
- (b) the old assets were used only for the purposes of P's ring fence trade,
- (c) the new assets are taken into use, and used only, for the purposes of one or more of the following trades—
- (i) P's ring fence trade;
- (ii) if P is a member of a group of companies (within the meaning given in section 170), a ring fence trade of another member of that group, and
- (d) the new assets are oil assets.
- (3) If the disposal consists of—
- (a) disposal of a licence to which section 195D(3) applies, or
- (b) disposal of two or more licences to which section 195D(4) applies,
the consideration for the disposal is to be taken to be the whole of the non-licence consideration obtained on the disposal (which is referred to as “*C*” in section 195D).
- (4) Accordingly, in sections 198A to 198G (including section 198A(4)), any reference to the consideration obtained on the disposal has effect subject to subsection (3).
- (5) Each of the following is an “*oil asset*” for the purposes of this section—
- (a) an interest in oil to be won from an oil field,
- (b) an asset used in connection with an oil field,
- (c) a structure which is to be placed on the seabed of the United Kingdom continental shelf,
- (d) an asset used wholly in the winning of oil, or in the measuring of oil won, in the United Kingdom otherwise than from an oil field,
- (e) an asset used for the initial treatment or storage of oil in the United Kingdom,
- (f) an asset used for the transportation of oil from an oil field to the United Kingdom, and
- (g) a UK licence which relates to an undeveloped area.
- (6) Section 12 of the Oil Taxation Act 1975 (interpretation of Part 1 of that Act) applies for the interpretation of subsection (5)(a) to (f).
- (7) Expressions used in this section and in section 152 have the same meanings in this section as in section 152.
- (8) In this section a reference to a UK licence which relates to an undeveloped area has the same meaning as in section 194 (see section 196).
- (9) In this section—
- “*material disposal*” has the meaning given in section 197;
- “*ring fence trade*” has the meaning given in section 198.
##### 198F
- (1) This section applies for the purposes of sections 198A and 198B and section 198G.
- (2) A disposal and acquisition qualifies for roll-over relief if—
- (a) the consideration for the disposal is applied in an acquisition as mentioned in section 152(1), and
- (b) section 152(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made.
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for roll-over relief.
- (4) Section 152(8) is to be disregarded.
- (5) Section 198A is to be disregarded.
- (6) Subject to subsections (4) to (5), all the circumstances are to be taken into account, including section 153(1) and section 198(1) and (2).
##### 198G
- (1) This section applies for the purposes of sections 198B and 198C.
- (2) A disposal and acquisition qualifies for section 153 relief if—
- (a) section 153(1) applies to part of the amount or value of the consideration for the disposal,
- (b) section 153(1)(a) and (b) would apply to the disposal and acquisition if the appropriate claim were made, and
- (c) the disposal and acquisition would qualify for roll-over relief but for the disapplication of section 152(1) by section 153(1).
- (3) Subsections (4) to (6) apply in deciding whether a disposal and acquisition is one that qualifies for section 153 relief.
- (4) Section 153(2) has effect subject to section 198F(4) and (5).
- (5) Section 198B is to be disregarded.
- (6) Subject to subsections (4) and (5), all the circumstances are to be taken into account, including section 198(1).
##### 263CA
- (1) This section applies where, in the case of any stock lending arrangement—
- (a) the borrower (B) becomes insolvent after the lender (L) has transferred the securities,
- (b) as a result of the insolvency, the requirement for B to make a transfer back to L will not be complied with as regards some or all of the securities,
- (c) collateral is used (whether directly or indirectly) to enable L to acquire securities (“replacement securities”) of the same description as the securities which will not be transferred back, and
- (d) the replacement securities are acquired before the end of the period of 30 days beginning with the day on which B becomes insolvent (“the insolvency date”).
- (2) In accordance with section 263B(2), the transfer of the securities under the arrangement is not to be regarded as a disposal by L for the purposes of this Act (but this is subject to subsection (5)).
- (3) B is to be treated for the purposes of this Act as having acquired the securities which will not be transferred back to L; and that acquisition is to be treated—
- (a) as being made on the insolvency date, and
- (b) as being for a consideration equal to their market value on that date.
- (4) The acquisition of the replacement securities is to be treated, as regards L, as if it were a transfer back of securities in accordance with the arrangement (so that, in accordance with section 263B(2), that acquisition is not regarded as an acquisition by L for the purposes of this Act).
- (5) If the number of replacement securities is less than the number of securities which B is treated as having acquired, L is to be treated for the purposes of this Act as having made a disposal, at the insolvency date, of the difference (“the deemed disposal”).
- (6) The consideration for the deemed disposal is—
- (a) where all the collateral is used to enable L to acquire replacement securities, nil, and
- (b) where not all the collateral is so used, the difference between—
- (i) the market value (at the insolvency date) of the number of securities which could have been acquired using the collateral, and
- (ii) the market value (at that date) of the number of securities which were in fact so acquired.
- (7) But if L at any time receives any amount (whether arising out of B's insolvency or otherwise) in respect of B's liability to L in respect of the securities which are treated under subsection (5) as having been disposed of by L that amount is to be treated as a chargeable gain accruing at that time to L.
- (8) The liability mentioned in subsection (7) is not to be treated as giving rise to a relevant non-lending relationship for the purposes of Part 6 of CTA 2009 (relationships treated as loan relationships etc).
- (9) For the purposes of this section, B becomes insolvent—
- (a) if a company voluntary arrangement takes effect under Part 1 of the Insolvency Act 1986,
- (b) if an administration application (within the meaning of Schedule B1 to that Act) is made or a receiver or manager, or an administrative receiver, is appointed,
- (c) on the commencement of a creditor's voluntary winding up (within the meaning of Part 4 of that Act) or a winding up by the court under Chapter 6 of that Part,
- (d) if an individual voluntary arrangement takes effect under Part 8 of that Act,
- (e) on the presentation of a bankruptcy petition (within the meaning of Part 9 of that Act),
- (f) if a compromise or arrangement takes effect under Part 26 of the Companies Act 2006,
- (g) if a bank insolvency order takes effect under Part 2 of the Banking Act 2009,
- (h) if a bank administration order takes effect under Part 3 of that Act, or
- (i) on the occurrence of any corresponding event which has effect under or as a result of the law of Scotland or Northern Ireland or a country or territory outside the United Kingdom.
- (10) In this section—
- (a) “*collateral*” means an amount of money or other property which—
- (i) is provided under the arrangement (or under arrangements of which the arrangement forms part), and
- (ii) is payable to or made available for the benefit of L for the purpose of securing the discharge of the requirement to transfer any or all of the securities back to L, and
- (b) any expression used in this section and in section 263B has the same meaning as in that section.
#### Leases of land and other 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, and
- (i) the arrangements are wholly or partly treated in accordance with international accounting standards as a financial liability of the bond-issuer, or would be if the bond-issuer applied those standards.
- (2) For the purposes of subsection (1)—
- (a) the bond-issuer may acquire bond assets before or after the arrangements take effect,
- (b) the bond assets may be property of any kind, including rights in relation to property owned by someone other than the bond-issuer,
- (c) the identification of the bond assets mentioned in subsection (1)(b) and the undertakings mentioned in subsection (1)(d) and (f) may (but need not) be described as, or accompanied by a document described as, a declaration of trust,
- (d) a reference to the management of assets includes a reference to disposal,
- (e) the bond-holder may (but need not) be entitled under the arrangements to terminate them, or participate in terminating them, before the end of the bond term,
- (f) the amount of the additional payments may be—
- (i) fixed at the beginning of the bond term,
- (ii) determined wholly or partly by reference to the value of or income generated by the bond assets, or
- (iii) determined in some other way,
- (g) if the amount of the additional payments is not fixed at the beginning of the bond term, the reference in subsection (1)(e) to the amount of the additional payments is a reference to the maximum amount of the additional payments,
- (h) the amount of the redemption payment may (but need not) be subject to reduction in the event of a fall in the value of the bond assets or in the rate of income generated by them, and
- (i) entitlement to the redemption payment may (but need not) be capable of being satisfied (whether or not at the option of the bond-issuer or the bond-holder) by the issue or transfer of shares or other securities.
- (3) This section is subject to section 151O (provision not at arm's length: exclusion of arrangements from sections 151J to 151M and this section).
##### 151O
- (1) Arrangements to which this section applies are not—
- (a) purchase and resale arrangements,
- (b) diminishing shared ownership arrangements,
- (c) deposit arrangements,
- (d) profit share agency arrangements, or
- (e) investment bond arrangements.
- (2) This section applies to arrangements if—
- (a) apart from this section they would be alternative finance arrangements,
- (b) subsection (3) or (5) of section 147 of TIOPA 2010 (tax calculations to be based on arm's length, not actual, provision) requires the profits and losses of a person who is a party to the arrangements to be calculated for tax purposes as if the arm's length provision (within the meaning of that section) had been made or imposed rather than in accordance with the arrangements,
- (c) any person who is an affected person for the purposes of Part 4 of that Act (“the affected person”) is entitled to—
- (i) relevant return in relation to the arrangements, or
- (ii) an amount representing relevant return in relation to them, and
- (d) the affected person is not subject—
- (i) to income tax or corporation tax, or
- (ii) to any corresponding tax under the law of a territory outside the United Kingdom,
on the relevant return or the amount representing it.
- (3) In this section “*relevant return*”, in relation to arrangements, means any amount which would be alternative finance return if the arrangements were alternative finance arrangements.
### Meaning of “alternative finance return”
##### 151P
- (1) In the case of purchase and resale arrangements, so much of the second purchase price as is specified under the following provisions of this section is alternative finance return for the purposes of this Chapter.
- (2) If under the arrangements the whole of the second purchase price is paid on one day, the alternative finance return equals the amount by which the second purchase price exceeds the first purchase price.
- (3) If under the arrangements the second purchase price is paid by instalments, the alternative finance return in each instalment equals the appropriate amount.
- (4) The appropriate amount is an amount equal to the interest which would have been included in the instalment on the assumptions in subsection (5).
- (5) The assumptions are that—
- (a) interest is payable on a loan by the first purchaser to the second purchaser of an amount equal to the first purchase price,
- (b) the total interest payable on the loan is equal to the amount by which the second purchase price exceeds the first purchase price,
- (c) the instalment is a part repayment of the principal of the loan with interest, and
- (d) the loan is made on arm's length terms and accounted for under generally accepted accounting practice.
- (6) In this section expressions used in section 151J have the same meaning as in that section.
##### 151Q
- (1) If, in the case of purchase and resale arrangements, alternative finance return is paid in a currency other than sterling—
- (a) by or to a person other than a company, and
- (b) otherwise than for the purposes of a trade, profession or vocation or a property business,
subsections (2) and (3) apply as respects that person.
- (2) The amount of the excess referred to in section 151P(2) and (5)(b) and the appropriate amount for the purposes of section 151P(3) and (4) are to be calculated in that other currency.
- (3) The amount of each payment of alternative finance return is to be translated into sterling at a spot rate of exchange for the day on which the payment is made.
##### 151R
- (1) In the case of diminishing shared ownership arrangements, payments by the eventual owner under the arrangements are alternative finance return for the purposes of this Chapter, except so far as subsection (2) or (3) applies to them.
- (2) This subsection applies to the payments so far as they amount to payments of the kind described in section 151K(1)(c) (payments to be made by the eventual owner to the institution, amounting to the consideration paid for the acquisition of the institution's beneficial interest).
- (3) This subsection applies to the payments so far as they amount to payments in respect of any arrangement fee or legal or other expenses which the eventual owner is required under the arrangements to pay.
- (4) In this section “*the eventual owner*” has the same meaning as in section 151K.
##### 151S
- (1) In the case of deposit arrangements, amounts paid or credited as mentioned in section 151L(1)(c) by a financial institution under the arrangements (payments to depositor out of profits resulting from use of money) are alternative finance return for the purposes of this Chapter.
- (2) In the case of profit share agency arrangements, amounts paid or credited by a financial institution in accordance with such an entitlement as is mentioned in section 151M(1)(d) (principal's entitlement to profits under the arrangements) are alternative finance return for the purposes of this Chapter.
- (3) In the case of investment bond arrangements, the additional payments under the arrangements are alternative finance return for the purposes of this Chapter.
- (4) In this section “*additional payments*” has the same meaning as in section 151N (see subsection (1)(d)(iii) of that section).
### Special rules for investment bond arrangements
##### 151T
- (1) For the purposes of section 117, investment bond arrangements are a corporate bond, issued on the date on which the arrangements are entered into, if each of conditions A to D is met.
- (2) Condition A is that the capital is expressed in sterling.
- (3) Condition B is that the arrangements do not include provision for the redemption payment to be in a currency other than sterling.
- (4) Condition C is that entitlement to the redemption payment is not capable of conversion (directly or indirectly) into an entitlement to the issue of securities apart from other arrangements to which section 151N applies.
- (5) Condition D is that the additional payments are not determined wholly or partly by reference to the value of the bond assets.
- (6) Section 117(2) applies for the purposes of this section as it applies for the purposes of section 117(1).
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151U
- (1) This section applies for the purposes of this Act and any other enactment about capital gains tax and irrespective of the position for other purposes.
- (2) The bond-holder under investment bond arrangements is not treated as having a legal or beneficial interest in the bond assets.
- (3) The bond-issuer under such arrangements is not treated as a trustee of the bond assets.
- (4) Gains accruing to the bond-issuer in connection with the bond assets are gains of the bond-issuer and not of the bond-holder (and do not arise to the bond-issuer in a fiduciary or representative capacity).
- (5) Payments made by the bond-issuer by way of redemption payment or additional payment are not made in a fiduciary or representative capacity.
- (6) The bond-holder is not entitled to relief for capital expenditure in connection with the bond assets.
- (7) Expressions used in this section have the same meaning as in section 151N.
##### 151V
- (1) Investment bond arrangements are securities for the purposes of this Act and any other enactment about capital gains tax.
- (2) For those purposes—
- (a) a reference in an enactment to redemption is to be taken as a reference to making the redemption payment, and
- (b) a reference in an enactment to interest is to be taken as a reference to alternative finance return.
- (3) In subsection (2) “*the redemption payment*” has the same meaning as in section 151N (see subsection (1)(d)(ii) of that section).
##### 151W
Investment bond arrangements are not—
- (a) a unit trust scheme for the purposes of this Act, or
- (b) an offshore fund for the purposes of section 354 of TIOPA 2010 so far as relating to capital gains tax.
### Other rules
##### 151X
- (1) If under purchase and resale arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151J).
- (2) If under diminishing shared ownership arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151K).
- (3) If under investment bond arrangements an asset is sold by one party to the arrangements to the other party, the alternative finance return is excluded in determining the consideration for the sale and purchase of the asset for the purposes of this Act so far as it applies for capital gains tax (apart from section 151N).
- (4) Subsections (1) to (3) do not affect the operation of any provision of this Act or the Tax Acts that provides that the consideration for a sale or purchase is taken for any purpose to be an amount other than the actual consideration.
##### 151Y
Diminishing shared ownership arrangements are not treated as a partnership for capital gains tax purposes.
### Industrial and provident 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 society registered or treated as registered under the Industrial and Provident Societies Act 1965 or the Industrial and Provident Societies Act (Northern Ireland) 1969,
- (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) In a case where the amount or value of the consideration for the disposal of the relinquished interest is equal to or less than the market value of that 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, and
- (b) as if the amount or value of the consideration for the acquisition of the acquired interest were reduced by the excess of the amount or value of the actual 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) In a case where the amount or value of the consideration for the disposal of the relinquished interest exceeds the market value of that interest, then if the excess (“the excess 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 excess 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 acquisition of the acquired interest were reduced by the amount by which the gain is reduced (or, as the case may be, the amount by which the chargeable gain is proportionately reduced) under paragraph (a).
- (3) Subsections (1) and (2) are subject to section 248C(3).
- (4) Nothing in subsection (1) or (2) affects the treatment for the purposes of this Act of a co-owner (within the meaning given by section 248A(7)).
- (5) Where subsection (1)(a) applies to exclude a gain which, in consequence of Schedule 2 (assets held on 6th April 1965) is not all chargeable gain, the amount of the reduction to be made under subsection (1)(b) shall be the amount of the chargeable gain, and not the whole amount of the gain.
##### 248C
- (1) Land is excluded land to the extent that—
- (a) it is a dwelling-house or part of a dwelling-house (or an interest in or right over a dwelling-house), and
- (b) by virtue of, or of any claim under, any provision of sections 222 to 226 (private residences) the whole or any part of a gain accruing on a disposal of it by the landowner at a material time would not be a chargeable gain.
- (2) In subsection (1)(b), “a material time” means any time during the period of 6 years beginning on the date of the acquisition of the acquired interest.
- (3) If land was not excluded land at the date of the acquisition of the acquired interest but becomes excluded land within 6 years of the acquisition, the amount of any chargeable gain accruing on the disposal of the relinquished interest shall be re-determined without regard to any relief previously given under section 248B by reference to the amount or value of the consideration for the acquisition of the interest in that land.
- (4) Any adjustments of capital gains tax in accordance with subsection (3), whether by way of assessment or otherwise, may be made at any time, despite anything in section 34 of the Management Act (time limit for assessments).
- (5) Expressions used in this section have the same meaning as in section 248A.
##### 248D
- (1) This section applies where—
- (a) section 248B applies to a holding (or holdings) of land, and
- (b) milk quota is associated with the holding in which the relinquished interest is held and with the holding in which the acquired interest is held.
- (2) Section 248B(1), (2) and (4) apply—
- (a) to the disposal of quota associated with the holding in which the relinquished interest is held as they apply to the disposal of that interest, and
- (b) to the acquisition of quota associated with the holding in which the acquired interest is held as they apply to the acquisition of that interest.
##### 248E
- (1) This section applies where conditions A to E are met.
- (2) Condition A is that a person (“the landowner”) and one or more other persons jointly hold an interest in two or more dwelling–houses.
- (3) Condition B is that the landowner disposes of an interest (“the relinquished interest”) in one or more of the dwelling-houses to the co-owner or to one or more of the co-owners.
- (4) Condition C is that the consideration for the disposal is or includes an interest (“the acquired interest”) in one of the other dwelling–houses.
- (5) Condition D is that as a consequence of the disposal (taken together with any related disposals)—
- (a) the dwelling-house in which the landowner acquires an interest becomes the only or main residence of the landowner, and
- (b) each of the other dwelling-houses becomes the only or main residence of one (and only one) of the co-owners.
- (6) Condition E is that if each dwelling-house were disposed of immediately after the disposal (or disposals) mentioned in subsection (5) then by virtue of sections 222 and 223 (private residences) no part of the gain accruing on each of those disposals would be a chargeable gain.
- (7) The landowner, on making a claim jointly with the co-owner or co-owners, shall be treated for the purposes of this Act—
- (a) as if the consideration for the disposal of the relinquished interest were of such amount as would secure that on the disposal neither a gain nor a loss accrues, and
- (b) as if the acquired interest were acquired by the landowner—
- (i) at the time it was acquired jointly by the landowner and the co-owner or co-owners, and
- (ii) for a consideration equal to the amount of the sums that would have been allowable under section 38(1)(a) and (b) (acquisition and disposal costs etc) as a deduction in the computation of any gain on a disposal of the acquired interest by the co-owner or co-owners.
- (8) For the purposes of this section—
- (a) “co-owner” means any person who holds an interest in a dwelling-house jointly with the landowner;
- (b) references to holding land jointly are to holding land—
- (i) in England and Wales, as joint tenants or tenants in common,
- (ii) in Scotland, as joint owners or owners in common, or
- (iii) in Northern Ireland, as joint tenants, tenants in common or coparceners;
- (c) a related disposal (in relation to a disposal mentioned in condition B) is a disposal of an interest in a dwelling-house which is made—
- (i) by the landowner to a co-owner, or
- (ii) by a co-owner to the landowner or another co-owner,
at the same time as the disposal mentioned in that condition;
- (d) spouses who are living together, or civil partners who are living together, are together treated as a landowner or a co-owner.
##### 256C
- (1) This section applies if a charitable company has a non-exempt amount under section 493 of CTA 2010 for an accounting period.
- (2) Attributable gains of the charitable company for the period may be attributed to the non-exempt amount but only so far as the non-exempt amount has not been used up.
- (3) The non-exempt amount can be used up (in whole or in part) by—
- (a) attributable gains being attributed to it under this section, or
- (b) attributable income being attributed to it under section 494 of CTA 2010.
- (4) The whole of the non-exempt amount must be used up by—
- (a) attributable gains being attributed to the whole of it under this section,
- (b) attributable income being attributed to the whole of it under section 494 of CTA 2010, or
- (c) a combination of attributable gains being attributed to some of it under this section and attributable income being attributed to the rest of it under section 494 of CTA 2010.
- (5) In this section and section 256D a charitable company's “attributable income” and “attributable gains” for an accounting period have the same meaning as in Part 11 of CTA 2010 (see section 493 of that Act).
- (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 256D
- (1) This section is about the ways in which attributable gains can be attributed to a non-exempt amount under section 256C.
- (2) The charitable company may specify the attributable gains that are to be attributed to the non-exempt amount.
- (3) A specification under subsection (2) is made by notice to an officer of Revenue and Customs.
- (4) Subsection (6) applies if—
- (a) an officer of Revenue and Customs requires a charitable company to make a specification under this section, and
- (b) the charitable company has not given notice under subsection (3) of the specification before the end of the required period.
- (5) The required period is 30 days beginning with the day on which the officer made the requirement.
- (6) An officer of Revenue and Customs may determine the attributable gains that are to be attributed to the non-exempt amount.
- (7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 268B
- (1) A gain is not a chargeable gain if—
- (a) it accrues to a person on receipt of a capital sum paid by way of compensation for the deprivation of a foreign asset,
- (b) no legal redress was available when the deprivation occurred, and
- (c) the sum is paid as the result of a relevant compensation award.
- (2) A relevant compensation award is an award or distribution made—
- (a) under—
- (i) an Order in Council made under the Foreign Compensation Act 1950, or
- (ii) arrangements established by the government of a territory outside the United Kingdom that are equivalent in effect to such an Order,
- (b) as a result of a recommendation of—
- (i) the Spoliation Advisory Panel, or
- (ii) a body outside the United Kingdom whose purposes and functions are equivalent to those of the Panel, or
- (c) in settlement of a legal claim to the effect that the deprivation was unlawful or in accordance with an order to that effect made by a court, tribunal or other competent authority with jurisdiction to decide such a claim.
- (3) Reference in this section to the payment of a capital sum by way of compensation for the deprivation of a foreign asset includes—
- (a) payment as a result of the abandonment or extinguishment of rights in respect of the deprivation;
- (b) return of the asset itself.
- (4) In the case of a gain accruing to a person other than the original owner—
- (a) subsection (1) does not apply if consideration had been given at any time (whether by that person or someone else) for the right to receive the compensation, but
- (b) consideration given on an acquisition falling within section 58(1) or 171(1) is to be ignored for these purposes.
- (5) If the capital sum is paid (or the foreign asset returned) to a person to whom an allowable loss has accrued as a result of—
- (a) the deprivation of the foreign asset, or
- (b) the abandonment or extinguishment of rights in respect of the deprivation,
subsection (1) applies only to so much of any gain as exceeds that loss.
- (6) For a person to obtain relief under this section, the person must make a claim.
- (7) If the capital sum is paid by means of the transfer of an asset (or the foreign asset is returned), that asset is to be treated for the purposes of computing a gain or a loss on its subsequent disposal as if it were acquired for a consideration equal to its market value at the time of the transfer.
- (8) In this section—
- “capital sum” means money or money’s worth;
- “deprivation”, in relation to a foreign asset, includes deprivation resulting from—the seizure, confiscation, forfeiture, destruction or expropriation of the asset,the disposal of the asset by a sale under duress for less than market value;
- “foreign asset” means an asset which was situated outside the United Kingdom at the time of the deprivation;
- “legal redress”, in relation to the deprivation of a foreign asset, means a right to recover the asset or to receive compensation for the deprivation;
- “original owner” means the person who owned the foreign asset at the time of the deprivation;
- “Spoliation Advisory Panel” includes any successor to that Panel.
- (9) This section does not apply in relation to a gain to which section 268A applies.
## Part 7A — UK representatives of non-UK residents
### Chapter 1 — Treatment of branch or agency as UK representative of non-UK resident
### Introduction
##### 271A
- (1) This Chapter provides for a branch or agency to be treated as the UK representative of a non-UK resident in respect of certain amounts chargeable to capital gains tax.
- (2) For obligations and liabilities in relation to capital gains tax imposed on a branch or agency which under this Chapter is treated as the UK representative of a non-UK resident, see Chapter 2.
### Branches and agencies
##### 271B
- (1) This section applies if—
- (a) a non-UK resident carries on (alone or in partnership) any trade, profession or vocation through a branch or agency in the United Kingdom, and
- (b) the branch or agency is to be treated under Chapter 2B of Part 14 of ITA 2007 as the UK representative of the non-UK resident in relation to amounts within section 835E(2) of that Act.
- (2) The branch or agency is the UK representative of the non-UK resident in relation to amounts which, by reference to the branch or agency, are chargeable to capital gains tax under section 10 above.
- (3) The following rules are to be applied for the purposes of subsection (2) and Chapter 2 in relation to an amount within that subsection.
- *Rule 1* The UK representative continues to be the UK representative of the non-UK resident in relation to the amount even after ceasing to be a branch or agency through which the non-UK resident carries on the trade, profession or vocation concerned.
- *Rule 2* The UK representative is treated in relation to the amount as a distinct and separate person from the non-UK resident (if the representative would not otherwise be so treated).
- *Rule 3* If the branch or agency is carried on by persons in partnership, the partnership, as such, is treated in relation to the amount as the UK representative of the non-UK resident.
- (4) For further rules that apply where a trade or profession carried on by a non-UK resident in the United Kingdom is carried on in partnership, see section 271C.
##### 271C
- (1) Subsection (2) applies if a trade or profession carried on by a non-UK resident through a branch or agency in the United Kingdom is carried on by the non-UK resident in partnership.
- (2) The trade or profession carried on through the branch or agency is, for the purposes of section 271B and Chapter 2, to be treated as including the notional trade or profession.
- (3) Subsection (4) applies (in addition to subsection (2) if that subsection also applies) if—
- (a) a trade or profession carried on by a non-UK resident in the United Kingdom is carried on by the non-UK resident in partnership, and
- (b) any member of the partnership is resident in the United Kingdom.
- (4) The notional trade or profession is, for the purposes of section 271B and Chapter 2, to be treated as being a trade carried on in the United Kingdom through the partnership as such.
- (5) In this section “*the notional trade or profession*” means the notional trade from which the non-UK resident's share in the partnership's profits or losses is treated for the purposes of section 852 of ITTOIA 2005 as deriving.
##### 271D
In this Chapter—
- “*branch or agency*” means any factorship, agency, receivership, branch or management, and
- “*non-UK resident*” means a person who is not resident in the United Kingdom.
### Chapter 2 — Capital gains tax obligations and liabilities imposed on UK representatives
##### 271E
- (1) This Chapter applies to the enactments contained in—
- (a) this Act,
- (b) the Tax Acts, and
- (c) subordinate legislation made under this Act or the Tax Acts,
so far as they make provision for or in connection with the assessment, collection and recovery of tax, or of interest on tax.
- (2) Those enactments have effect in accordance with section 271F in relation to amounts in respect of which a branch or agency is to be treated as the UK representative of a non-UK resident under Chapter 1.
- (3) In this section “*subordinate legislation*” has the same meaning as in the Interpretation Act 1978.
##### 271F
- (1) The obligations and liabilities of a non-UK resident are to be treated, for the purposes of the enactments to which this Chapter applies, as if they were also the obligations and liabilities of the UK representative of the non-UK resident.
- (2) Subsection (3) applies if—
- (a) the UK representative of a non-UK resident discharges an obligation or liability imposed by this section that corresponds to one to which the non-UK resident is subject, or
- (b) a non-UK resident discharges an obligation or liability that corresponds to one to which the non-UK resident's UK representative is subject by virtue of this section.
- (3) The corresponding obligation or liability—
- (a) of the non-UK resident (in a case within subsection (2)(a)), or
- (b) of the UK representative (in a case within subsection (2)(b)),
is discharged.
- (4) A non-UK resident is bound, as if they were the non-UK resident's own, by acts or omissions of the non-UK resident's UK representative in the discharge of the obligations and liabilities imposed on the representative by this section.
- (5) This section is subject to sections 271G and 271H.
##### 271G
- (1) An obligation or liability attaching to a non-UK resident (“X”) by reason of a notice or other document having been given or served on X does not also attach to the UK representative of X by virtue of section 271F unless the notice or other document (or a copy of it) has been given to or served on the representative.
- (2) An obligation or liability attaching to X by reason of a request or demand having been received by X does not also attach to the UK representative of X by virtue of section 271F unless the representative has been notified of the request or demand.
- (3) Subsection (4) applies to obligations relating to the provision of information that are imposed on the UK representative of X by section 271F in a case where the representative is X's independent agent.
- (4) The obligations do not require the UK representative to do anything except so far as it is practicable for the representative to do so.
- (5) For this purpose, the representative must act to the best of the representative's knowledge and belief after taking all reasonable steps to obtain the necessary information.
- (6) An obligation of X to provide information is not discharged by virtue of section 271F in a case where the UK representative of X has discharged the obligation only so far as required by subsection (4) of this section.
- (7) X is not bound by virtue of section 271F by mistakes in information provided by the UK representative of X in discharging, so far as required under subsection (4) of this section, an obligation imposed on the representative by section 271F unless—
- (a) the mistake is the result of an act or omission of X, or
- (b) the mistake is one to which X consented or in which X connived.
- (8) In this section “*information*” includes anything contained in a return, self-assessment, account, statement or report required to be provided to the Commissioners for Her Majesty's Revenue and Customs or to any officer of Revenue and Customs.
##### 271H
- (1) A person is not by virtue of section 271F liable to be proceeded against for a criminal offence unless the person—
- (a) committed the offence, or
- (b) consented to or connived in its commission.
- (2) An independent agent of a non-UK resident is not by virtue of section 271F liable to any civil penalty or surcharge in respect of an act or omission if conditions A and B are met.
- (3) Condition A is that the act or omission is not—
- (a) an act or omission of the independent agent, or
- (b) an act or omission to which the agent consented or in which the agent connived.
- (4) Condition B is that the independent agent is able to show that the amount of the penalty or surcharge will not be recoverable out of the sums mentioned in section 271I(3) (after being indemnified for any other liabilities under section 271I).
##### 271I
- (1) An independent agent of a non-UK resident is entitled to be indemnified for the amount of any liability of the non-UK resident which the agent has discharged by virtue of section 271F.
- (2) An independent agent of a non-UK resident is entitled to retain, from the sums mentioned in subsection (3), amounts sufficient to meet any liabilities which by virtue of section 271F the agent has discharged or to which the agent is subject.
- (3) The sums are those which—
- (a) (ignoring subsection (2)) are due from the independent agent to the non-UK resident, or
- (b) are received by the independent agent on behalf of the non-UK resident.
##### 271J
- (1) In this Chapter “*non-UK resident*” means a person who is not resident in the United Kingdom.
- (2) In this Chapter “*independent agent*”, in relation to a non-UK resident (“X”), means a person who is the UK representative of X in respect of any agency in which the person is acting on behalf of X in an independent capacity.
- (3) For this purpose a person does not act in an independent capacity on behalf of X unless the relationship between them, having regard to its legal, financial and commercial characteristics, is a relationship between persons carrying on independent businesses dealing with each other at arm's length.
#### Elections under section 279A
#### Recovery of tax from donee.
##### 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
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## SCHEDULE 8A
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##### 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
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### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 3
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### . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
##### 4A
- (1) Subsection (2) applies if for a tax year—
- (a) a person is entitled, by virtue of section 539 of ITTOIA 2005 (gains from contracts for life insurance etc), to relief by reference to the amount of a deficiency, or
- (b) the residuary income of an estate is treated, by virtue of section 669(1) and (2) of that Act (reduction in residuary income: inheritance tax on accrued income), as reduced so as to reduce a person's income by any amount for the purposes of extra liability.
- (2) Section 4(7) is to have effect as if the person's Step 3 income for the year were reduced by the amount of the deficiency mentioned in subsection (1)(a) or the amount mentioned in subsection (1)(b) (as the case may be).
- (3) Subsections (4) and (5) apply if, by virtue of section 465 of ITTOIA 2005 (gains from contracts for life insurance etc), a person's total income for a tax year is deemed to include any amount or amounts.
- (4) Section 4(7) is to have effect as if the person's Step 3 income for the year included not the whole of the amount or amounts concerned but only the annual equivalent within the meaning of section 536(1) of that Act or the total annual equivalent within the meaning of section 537 of that Act (as the case may be).
- (5) If—
- (a) relief is given under section 535 of that Act, and
- (b) the calculation under section 536(1) or 537 of that Act (as the case may be) does not involve the higher rate of income tax,
section 4(4) and (5) are to have effect as if no income tax were chargeable at the higher rate or the dividend upper rate in respect of the person's income.
##### 4B
- (1) This section applies if the gains accruing to a person in a tax year are (apart from this section) chargeable to capital gains tax at different rates.
- (2) Allowable losses may be deducted from those gains, and the exempt amount under section 3 may be used in respect of those gains, in such way as is most beneficial to that person.
- (3) Subsection (2) is subject to any enactment which contains a limitation on the gains from which allowable losses may be deducted.
##### 142A
- (1) This section applies if share capital issued in lieu of a cash dividend by—
- (a) a company UK REIT, or
- (b) the principal company of a group UK REIT,
is attributed as mentioned in section 550(2)(a), (c) or (d) of CTA 2010 (attribution of distributions).
- (2) The case shall not constitute a reorganisation of the company's share capital for the purposes of sections 126 to 128.
- (3) The person who acquires the share capital by means of its issue shall (notwithstanding section 17(1)) be treated for the purposes of section 38(1)(a) as having acquired that asset for a consideration equal to the cash equivalent of the share capital.
- (4) Section 414A(2) to (4) of ITTOIA 2005 (meaning of “share capital issued in lieu of a cash dividend”) applies for the purposes of this section as it applies for the purposes of Chapter 5 of Part 4 of that Act.
- (5) Section 412(1), (2), (4) and (5) of that Act (meaning of “cash equivalent of share capital”) applies for the purposes of this section as it applies in relation to share capital issued as mentioned in section 410(1)(a) of that Act.
- (6) In this section “company UK REIT” and “principal company of a group UK REIT” are to be read in accordance with Part 12 of CTA 2010 (Real Estate Investment Trusts).
##### 198H
Section 198A or 198B is to apply where—
- (a) the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
- (b) the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
- (c) the claim under that section is made by both companies,
as if both companies were the same person.
##### 225D
- (1) This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part of the dwelling-house was occupied by another person (“B”)—
- (a) in England and Wales, pursuant to an adult placement scheme,
- (b) in Scotland, pursuant to arrangements which constitute or form part of an adult placement service involving the provision of accommodation for B, or
- (c) in Northern Ireland, pursuant to arrangements made with an adult placement agency for the provision of accommodation for B.
- (2) For the purposes of this Part, in determining the periods during which the dwelling-house, or any part of the dwelling-house, was A's only or main residence, B's occupation of part of the dwelling-house pursuant to the scheme or arrangement is to be disregarded.
- (3) For the purposes of section 224, the occupation of the part of the dwelling-house by B pursuant to the scheme or arrangement does not amount to the use of that part of the dwelling-house by A exclusively for the purpose of a trade, business, profession or vocation.
- (4) In this section—
- “*adult placement agency*” means an organisation or undertaking—that arranges for the provision of care and support (including accommodation) for persons in need, andin respect of which a requirement to register arises under Article 12 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003,
- “*adult placement scheme*” means a scheme—under which an individual agrees with the person carrying on the scheme to provide care and support (including accommodation) to an adult who is in need of it, andin respect of which a requirement to register arises under section 11 of the Care Standards Act 2000, and
- “*adult placement service*” has the meaning given by paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010.
##### 26A
- (1) This section applies where the balance of a dormant account held by a person with a bank or building society is transferred—
- (a) to an authorised reclaim fund, with the result that section 1 of the Dormant Bank and Building Society Accounts Act 2008 applies in relation to the account, or
- (b) to an authorised reclaim fund and one or more charities, with the result that section 2 of that Act applies in relation to the account.
- (2) For the purposes of this Act—
- (a) the transfer is not to be treated as involving any acquisition or disposal of an asset, and
- (b) the person's rights under Part 1 of that Act are to be treated as the same asset as the original rights, acquired as the original rights were acquired and having the same characteristics as those rights.
- (3) “The original rights” are the person's rights against the bank or building society immediately before the transfer.
- (4) Terms used in this section and in the Dormant Bank and Building Society Accounts Act 2008 have the same meaning in this section as in that Act.
##### 103B
- (1) This section applies in relation to an offshore fund which is a transparent fund but is not a unit trust scheme (“the fund”).
- (2) Section 99B applies for the purposes of computing the gain accruing on a disposal by a participant of an interest in the fund and for all other provisions of this Act as if—
- (a) the fund were a unit trust scheme,
- (b) the interest in the fund were units in a unit trust scheme (but not an authorised unit trust), and
- (c) the participant were a unit holder.
- (3) In this section “transparent fund” has the meaning given by the Offshore Funds (Tax) Regulations 2009 ([S.I. 2009/3001](https://www.legislation.gov.uk/uksi/2009/3001)) (see regulation 11).
#### Death: application of law in Northern Ireland
#### Sub-fund settlements
##### 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.
#### Effect of election under section 279A
### 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.
- (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 in the tax year 2012-13) 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.
#### Consideration payable by instalments.
#### Repayment supplements.
### 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, and
- (b) the original gain is one accruing on the disposal of an asset by the investor at any time (“the disposal time”) in that year.
- (3) Condition B is that—
- (a) the investor is eligible for SEIS relief for the tax year 2012-13 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) So much of the SEIS expenditure as—
- (a) is specified in the claim,
- (b) is unused, and
- (c) does not exceed so much of the original gain as is unmatched,
is to be set against a corresponding amount of the original gain.
- (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 tax year 2012-13 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$where— SA means the SEIS expenditure (ignoring this paragraph);TSA means the total of the amounts subscribed for shares issued in the tax year 2012-13 in respect of which the investor is eligible for and claims SEIS relief for that tax year.$
- (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 2012-13 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);
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