SCHEDULES
C1SCHEDULE 5Non-UK resident companies carrying on UK property businesses etc
Annotations:
Modifications etc. (not altering text)
PART 2Supplementary & Consequential amendments
CTA 2009
I119
In section 609 (company with derivative contract ceasing to be UK resident) in subsection (2)—
a
after “owed” insert
—
a
b
at the end insert
,
b
for the purposes of the company's trade of dealing in or developing UK land,
c
for the purposes of the company's UK property business, or
d
for the purposes of enabling the company to generate other UK property income (within the meaning given by section 5(6)).
Sch. 5 modified (22.7.2020) by Finance Act 2020 (c. 14), Sch. 6 para. 10