Income and Corporation Taxes Act 1988

[F1 21B Application of other rules applicable to Case I of Schedule D. U.K.

The following provisions apply for the purposes of Schedule A in relation to a Schedule A business as they apply for the purposes of Case I of Schedule D in relation to a trade—

• sections 103 to 106 F2 . . . and 110 (post-cessation receipts and expenses, etc.) [F3 , with any reference to a trade within the charge to income tax being read as a reference to a UK property business];

• F2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

• section 337(1) (effect of company beginning or ceasing to carry on trade);

• section 401(1) (pre-trading expenditure);

• [F4 section 64 of and Schedule 22 to the Finance Act 2002] (change of accounting basis).]

Textual Amendments

F1 Ss. 21-21B substituted (with effect as mentioned in s. 38(2)(3) of the amending Act) for s. 21 by Finance Act 1998 (c. 36), s. 38(1), Sch. 5 para. 4 (with Sch. 5 paras. 73, 76)

F2 Words in s. 21B repealed (6.4.2005 with effect in accordance with s. 883(1) of the repealing Act) by Income Tax (Trading and Other Income) Act 2005 (c. 5), Sch. 1 para. 13(a)(c), Sch. 3 (with Sch. 2)

F3 Words in s. 21B 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. 13(b) (with Sch. 2)

F4 Words in s. 21B substituted (19.7.2006) by Finance Act 2006 (c. 25), s. 102(3)