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Changes over time for: Section 185B


Llinell Amser Newidiadau
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 06/04/2020.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 2004, Section 185B.

Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
[185BAnnual profits and deemed profitsU.K.
(1)For the purposes of section 185A(3) the amount of the annual profits from the interest in the property is the total amount of profits received from the interest in the tax year—
(a)by each person who holds the interest directly, and
(b)at a time when the property is scheme-held taxable property.
(2)For the purposes of section 185A(3) and (4) the amount of the deemed profits from the interest in the property for the tax year is—
where—
DMV is the deemed market value of the interest in the property for the year (see section 185C),
DTP is the number of days in the year for which the property is scheme-held taxable property, and
DY is the number of days in the year.
(3)In this Part “scheme-held taxable property” means property—
(a)which is taxable property, and
(b)an interest in which is held by the pension scheme.]
Textual Amendments
Modifications etc. (not altering text)
Yn ôl i’r brig