SCHEDULES
SCHEDULE 5Corporate interest restriction
PART 3Consequential amendments
TIOPA 2010: consequential renumbering
10
1
In consequence of the insertion of a new Part 10 of TIOPA 2010 by Part 1 of this Schedule, the existing Part 10 of that Act becomes a new Part 11.
2
The following provisions of TIOPA 2010 are repealed—
a
the existing sections 375 and 376 (which contain powers that are no longer exercisable), and
b
the existing section 381(2)(e) and (f) (which refer to those sections);
but the repeals made by this sub-paragraph do not affect any orders made under section 375 or 376 before the passing of this Act.
3
As a result of the provision made by sub-paragraphs (1) and (2), the following provisions of TIOPA 2010 are renumbered as follows—
a
the existing section 372 becomes section 499;
b
the existing section 373 becomes section 500;
c
the existing section 374 becomes section 501;
d
the existing section 377 becomes section 502;
e
the existing section 378 becomes section 503;
f
the existing section 379 becomes section 504;
g
the existing section 380 becomes section 505;
h
the existing section 381 becomes section 506;
i
the existing section 382 becomes section 507.
4
Consequently—
a
in section 287(2A) of TCGA 1992, for “372” substitute “
499
”
;
b
in section 1014(2)(fa) of ITA 2007, for “372” substitute “
499
”
;
c
in section 1171(2)(f) of CTA 2010, for “372” substitute “
499
”
;
d
in section 1 of TIOPA 2010—
i
in subsection (4), for “10” substitute “
11
”
;
ii
in subsection (5), for “373” substitute “
500
”
;
e
in section 381(2) of TIOPA 2010—
i
in paragraph (a), for “372” substitute “
499
”
;
ii
in paragraph (b), for “373” substitute “
500
”
;
iii
in paragraph (d), for “374” substitute “
501
”
;
iv
in paragraph (g), for “377(2) and (3)” substitute “
502(2) and (3)
”
;
v
in paragraph (h), for “380” substitute “
505
”
;
vi
in paragraph (i), for “382” substitute “
507
”
.
5
In section 379(1) and (2) of TIOPA 2010 (index of defined expressions), for “8” substitute “
10
”
.