Income Tax (Trading and Other Income) Act 2005 (c. 5)

SCHEDULES

SCHEDULE 1 Consequential amendments

Part 1 Income and Corporation Taxes Act 1988

101 In section 118ZL(6) (partnerships exploiting films)—

(a) in paragraph (b)—

(i) for “section 111(2)” substitute “section 849 of ITTOIA 2005 (calculation of firm’s profits or losses)”, and

(ii) for “section 41 or 42 of the Finance (No. 2) Act 1992” substitute “any of sections 137 to 140 of ITTOIA 2005”, and

(b) in paragraph (c)—

(i) for “section 41 or 42 of that Act” substitute “sections 137 to 140 of that Act”, and

(ii) for “either of” substitute “any of”.