314(1)Amend section 779 (sale and lease-back: limitation on tax reliefs) as follows.U.K.
F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(3)In subsection (13)—
(a)after paragraph (a) insert—
“(aa)a deduction in calculating the profits of a UK property business;”,
(b)in paragraph (c) omit “392 or”, and
(c)after that paragraph insert—
“(ca)a deduction in computing profits or other income or gains chargeable to income tax under or by virtue of any provision to which section 836B applies, or in computing any loss for which relief is allowable under section 392;”.
Textual Amendments
F1Sch. 1 para. 314(2) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)