Income and Corporation Taxes Act 1988

102 Provisions supplementary to sections 100 and 101.U.K.

(1)M1Any question arising under section 100(1)(a) or 101(1)(a) shall be determined as follows, for the purpose of computing for any tax purpose the [F1profits] of both the trades or, as the case may be, the professions F2. . . concerned—

(a)in a case where the same body of General Commissioners have jurisdiction with respect to [F3each of the persons whose [F4trade or profession] is one of those] concerned, the question shall be determined by those Commissioners unless all parties concerned agree that it shall be determined by the Special Commissioners;

(b)in any other case, the question shall be determined by the Special Commissioners; and

(c)the General or Special Commissioners shall determine the question in like manner as an appeal.

(2)M2Where, by virtue of section F5. . . 337(1), a [F6trade or profession] is treated as having been permanently discontinued for the purpose of computing [F7corporation] tax, it shall also be so treated for the purposes of sections 100 and 101F5. . . .

Textual Amendments

F2Words in s. 102(1) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 81(2)(a), Sch. 3 (with Sch. 2)

F3Words in s. 102(1)(a) substituted (with effect in accordance with Sch. 22 para. 12 of the amending Act) by Finance Act 1996 (c. 8), Sch. 22 para. 11

F4Words in s. 102(1) substituted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 81(2)(b) (with Sch. 2)

F5Words in s. 102(2) repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 81(3)(a)(d), Sch. 3 (with Sch. 2)

F6Words in s. 102(2) substituted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 81(3)(b) (with Sch. 2)

F7Word in s. 102(2) inserted (6.4.2005 with effect in accordance with s. 883(1) of the amending Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 81(3)(c) (with Sch. 2)

Marginal Citations

M1Source—1970 s.137(2), 138(2)

M2Source—1970 s.137(3), 138(4)