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SCHEDULES

SCHEDULE 1U.K.Abolition of basis periods

PART 3U.K.Amendments of other Acts

Income Tax Act 2007U.K.

59(1)Section 795 (meaning of “post-1 December 2004 loss”) is amended as follows.

(2)In subsection (1), in each of paragraphs (a) and (b), omit “the basis period for”.

(3)In subsection (2)(b), omit “the basis period for”.

(4)Omit subsection (4).