Finance Act 2011 (c. 11)

SCHEDULES

SCHEDULE 26 U.K. Redundant reliefs

Part 1 U.K. Income tax and corporation tax

Transitional relief for charities etc on abolition of payment of tax credits on distributions U.K.

1 (1) Section 35 of, and Schedule 5 to, F(No.2)A 1997 (transitional relief for charities etc and limitations on entitlement to the relief) are repealed. U.K.

(2) Accordingly—

(a) in section 231B of ICTA, in subsection (4)—

F1 (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(ii) omit paragraph (d) (and the “and” before it), and

(b) the following provisions are repealed—

(i) in ITA 2007, paragraph 379 of Schedule 1;

(ii) in FA 2010, paragraph 14 of Schedule 6.

Textual Amendments

F1 Sch. 26 para. 1(2)(a)(i) omitted (with effect in accordance with Sch. 1 para. 73 of the amending Act) by virtue of Finance Act 2016 (c. 24), Sch. 1 para. 69(b)