Finance Act 2002U.K.
368U.K.The Finance Act 2002 is amended as follows.
369U.K.Omit section 57(1) (community investment tax relief).
370U.K.Omit section 58 (relief for community amateur sports clubs).
371U.K.In section 63(2)(a) (first year allowances for expenditure wholly for a ring fence trade) for “section 501A of the Taxes Act 1988 (inserted by section 91 of this Act)” substitute “ section 330(1) of the Corporation Tax Act 2010 ”.
372U.K.In section 113(4)(b) (stamp duty: withdrawal of relief for company acquisitions) for “section 416 of the Taxes Act 1988” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”.
373U.K.Omit Schedule 16 (community investment tax relief).
374U.K.Omit Schedule 18 (relief for community amateur sports clubs).
375U.K.In paragraph 8(4) of Schedule 34 (stamp duty: recovery of group relief from another group company or controlling director)—
(a)for the definition of “director” substitute—
““director”, in relation to a company, has the meaning given by section 67(1) and (2) of the Income Tax (Earnings and Pensions) Act 2003 and includes any person falling within section 452(1) of the Corporation Tax Act 2010;”, and
(b)in the definition of “controlling director” for “section 416 of the Taxes Act 1988” substitute “ sections 450 and 451 of the Corporation Tax Act 2010 ”.
376U.K.In Schedule 35 (stamp duty: withdrawal of relief for company acquisitions: supplementary provisions)—
(a)in paragraph 5(2) for “section 417(7) to (9) of the Taxes Act 1988” substitute “ section 453 of the Corporation Tax Act 2010 ”, and
(b)in paragraph 9(4) for paragraph (c) substitute—
“(c)director”, in relation to a company, has the meaning given by section 67(1) and (2) of the Income Tax (Earnings and Pensions) Act 2003 and includes any person falling within section 452(1) of the Corporation Tax Act 2010;”.
377U.K.In Schedule 37 (supplementary provisions) in paragraph 2(4)(b) for “section 839 of the Taxes Act 1988” substitute “ section 1122 of the Corporation Tax Act 2010 ”.