Yn ddilys o 01/04/2009
108(1)Amend section 392A (Schedule A losses) as follows.U.K.
(2)In subsection (1) for “Schedule A loss” substitute “ UK property business loss ”.
(3)In subsection (2)—
(a)for “Schedule A loss”, in each place where it occurs, substitute “ UK property business loss ”, and
(b)for “Schedule A business” substitute “ UK property business ”.
(4)In subsection (3)—
(a)for paragraph (a) substitute—
“(a)ceases to carry on a UK property business, or to be within the charge to corporation tax in respect of such a business, but”, and
(b)in the words after paragraph (b), for “Schedule A loss” substitute “ UK property business loss ” and for “section 75” substitute “ Chapter 2 of Part 16 of CTA 2009 ”.
(5)In subsection (4)—
(a)in paragraph (a) for “ “Schedule A loss”” substitute “ “UK property business loss” ” and for “Schedule A business” substitute “ UK property business ”, and
(b)in paragraph (b) for “the same meaning as in Part IV” substitute “ the meaning given by section 1218 of CTA 2009 ”.
(6)In subsection (5) for “Schedule A business” substitute “ UK property business ”.
(7)For the title substitute “ UK property business losses ”.
(8)In the cross-heading immediately before the section for “Schedule A business” substitute “ UK property business ”.