http://www.legislation.gov.uk/ukpga/1988/1/section/458Income and Corporation Taxes Act 1988An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980.1988-02-09texttext/xmlenStatute Law Database2024-05-30Expert Participation2024-04-06 PART XII SPECIAL CLASSES OF COMPANIES AND BUSINESSES CHAPTER I INSURANCE COMPANIES, UNDERWRITERS AND CAPITAL REDEMPTION BUSINESS Capital redemption business Capital redemption business.458. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ss. 458, 458A repealed (with effect in accordance with s. 38(2) of the repealing Act) by Finance Act 2007 (c. 11), Sch. 7 para. 39, Sch. 27 Pt. 2(7), Note (with Sch. 7 Pt. 2)
This XML file does not appear to have any style information associated with it. The document tree is shown below.
<Legislation xmlns="http://www.legislation.gov.uk/namespaces/legislation" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1" NumberOfProvisions="2543" xsi:schemaLocation="http://www.legislation.gov.uk/namespaces/legislation http://www.legislation.gov.uk/schema/legislation.xsd" SchemaVersion="1.0" RestrictExtent="E+W+S+N.I." RestrictStartDate="2024-04-06">
<ukm:Metadata xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:dct="http://purl.org/dc/terms/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:ukm="http://www.legislation.gov.uk/namespaces/metadata">
<dc:identifier>http://www.legislation.gov.uk/ukpga/1988/1/section/458</dc:identifier>
<dc:title>Income and Corporation Taxes Act 1988</dc:title>
<dc:description>An Act to consolidate certain of the enactments relating to income tax and corporation tax, including certain enactments relating also to capital gains tax; and to repeal as obsolete section 339(1) of the Income and Corporation Taxes Act 1970 and paragraphs 3 and 4 of Schedule 11 to the Finance Act 1980.</dc:description>
<dc:date>1988-02-09</dc:date>
<dc:type>text</dc:type>
<dc:format>text/xml</dc:format>
<dc:language>en</dc:language>
<dc:publisher>Statute Law Database</dc:publisher>
<dc:modified>2024-05-30</dc:modified>
<dc:contributor>Expert Participation</dc:contributor>
<dct:valid>2024-04-06</dct:valid>
<atom:link rel="self" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.xml" type="application/xml"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/resources" href="http://www.legislation.gov.uk/ukpga/1988/1/resources" title="More Resources"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/act" href="http://www.legislation.gov.uk/ukpga/1988/1" title="whole act"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/introduction" href="http://www.legislation.gov.uk/ukpga/1988/1/introduction" title="introduction"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/body" href="http://www.legislation.gov.uk/ukpga/1988/1/body" title="body"/>
<atom:link rel="http://www.legislation.gov.uk/def/navigation/schedules" href="http://www.legislation.gov.uk/ukpga/1988/1/schedules" title="schedules"/>
<atom:link rel="alternate" type="application/rdf+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.rdf" title="RDF/XML"/>
<atom:link rel="alternate" type="application/akn+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.akn" title="AKN"/>
<atom:link rel="alternate" type="application/xhtml+xml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.xht" title="HTML snippet"/>
<atom:link rel="alternate" type="text/html" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.htm" title="Website (XHTML) Default View"/>
<atom:link rel="alternate" type="text/csv" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.csv" title="CSV"/>
<atom:link rel="alternate" type="application/pdf" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.pdf" title="PDF"/>
<atom:link rel="alternate" type="application/akn+xhtml" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/data.html" title="HTML5 snippet"/>
<atom:link rel="http://purl.org/dc/terms/tableOfContents" hreflang="en" href="http://www.legislation.gov.uk/ukpga/1988/1/contents" title="Table of Contents"/>
<atom:link rel="http://purl.org/dc/terms/replaces" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/2007-04-06" title="2007-04-06"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/enacted" title="enacted"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/1991-02-01" title="1991-02-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/1991-07-25" title="1991-07-25"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/1994-05-03" title="1994-05-03"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/1996-04-29" title="1996-04-29"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/1997-07-31" title="1997-07-31"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/2001-12-01" title="2001-12-01"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/2007-04-06" title="2007-04-06"/>
<atom:link rel="http://purl.org/dc/terms/hasVersion" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458/2007-07-19" title="2007-07-19"/>
<atom:link rel="up" href="http://www.legislation.gov.uk/ukpga/1988/1" title="Entire legislation"/>
<atom:link rel="prev" href="http://www.legislation.gov.uk/ukpga/1988/1/section/457" title="Provision; Section 457"/>
<atom:link rel="prevInForce" href="http://www.legislation.gov.uk/ukpga/1988/1/section/457" title="Provision; Section 457"/>
<atom:link rel="next" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458A" title="Provision; Section 458A"/>
<atom:link rel="nextInForce" href="http://www.legislation.gov.uk/ukpga/1988/1/section/458A" title="Provision; Section 458A"/>
<ukm:PrimaryMetadata>
<ukm:DocumentClassification>
<ukm:DocumentCategory Value="primary"/>
<ukm:DocumentMainType Value="UnitedKingdomPublicGeneralAct"/>
<ukm:DocumentStatus Value="revised"/>
</ukm:DocumentClassification>
<ukm:Year Value="1988"/>
<ukm:Number Value="1"/>
<ukm:EnactmentDate Date="1988-02-09"/>
<ukm:UnappliedEffects>
<ukm:UnappliedEffect AffectingURI="http://www.legislation.gov.uk/id/ukpga/2005/7" Notes="This amendment not applied to legislation.gov.uk. The amending provision (2005 c. 7, Sch. 4 para. 6) repealed retrospectively by 2005 c. 22, Sch. 6 para. 4(1)(6)" Type="inserted" RequiresApplied="false" AffectingClass="UnitedKingdomPublicGeneralAct" Row="1872" AffectedExtent="E+W+S+N.I." AffectedClass="UnitedKingdomPublicGeneralAct" URI="http://www.legislation.gov.uk/id/effect/key-226ae3d3b9d67ad2586b63cb0803e4d6" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingYear="2005" AffectedYear="1988" Modified="2022-04-21T15:01:57Z" AffectedNumber="1" AffectedProvisions="s. 109A(4B)" AffectingEffectsExtent="E+W+S+N.I." AffectingProvisions="Sch. 4 para. 6(3)" AffectingNumber="7" EffectId="key-226ae3d3b9d67ad2586b63cb0803e4d6">
<ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="section-109A-4B" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/109A/4B" FoundRef="section-109A">s. 109A(4B)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>Finance Act 2005</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="schedule-4" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4">Sch. 4 </ukm:Section>
<ukm:Section Ref="schedule-4-paragraph-6-3" URI="http://www.legislation.gov.uk/id/ukpga/2005/7/schedule/4/paragraph/6/3">para. 6(3)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:InForceDates>
<ukm:InForce Date="2005-04-07" Qualification="with effect in accordance with" OtherQualification="s. 80(3)(4)"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingEffectsExtent="S+A+M+E+A+S+A+F+F+E+C+T+E+D" AffectingProvisions="s. 18" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedExtent="E+W+S+N.I." AffectingURI="http://www.legislation.gov.uk/id/ukpga/2004/25" AffectingNumber="25" Modified="2022-04-21T15:01:57Z" URI="http://www.legislation.gov.uk/id/effect/key-3bf93f5f4f294390eed562b98f900c46" EffectId="key-3bf93f5f4f294390eed562b98f900c46" AffectingClass="UnitedKingdomPublicGeneralAct" RequiresApplied="true" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingYear="2004" AffectedYear="1988" Row="156" Type="Tax Acts: power to modify conferred" AffectedNumber="1" AffectedProvisions="Act">
<ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle>
<ukm:AffectedProvisions>Act</ukm:AffectedProvisions>
<ukm:AffectingTitle>Horserace Betting and Olympic Lottery Act 2004</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="section-18" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/18">s. 18</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="section-40" URI="http://www.legislation.gov.uk/id/ukpga/2004/25/section/40">s. 40</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Applied="false" Prospective="true" Qualification=""/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingProvisions="art. 52(2)(n)" Modified="2022-04-21T15:01:57Z" AffectedProvisions="Sch. 19AB para. 5(5)(a)(b)" AffectingEffectsExtent="E+W+S+N.I." EffectId="key-0e06b525e81058cef6b010bdeff22d29" AffectingURI="http://www.legislation.gov.uk/id/uksi/2001/3629" URI="http://www.legislation.gov.uk/id/effect/key-0e06b525e81058cef6b010bdeff22d29" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingClass="UnitedKingdomStatutoryInstrument" AffectedExtent="E+W+S+N.I." Row="12550" AffectingYear="2001" RequiresApplied="false" Type="words substituted" Notes="This amendment not applied to legislation.gov.uk. The words to be substituted do not occur in Sch. 19AB para. 5" AffectedNumber="1" AffectingNumber="3629" AffectedYear="1988" AffectedClass="UnitedKingdomPublicGeneralAct">
<ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle>
<ukm:AffectedProvisions>
<ukm:Section Ref="schedule-19AB" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB">Sch. 19AB </ukm:Section>
<ukm:Section Ref="schedule-19AB-paragraph-5-5-a" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/a" FoundRef="schedule-19AB-paragraph-5">para. 5(5)(a)</ukm:Section>
<ukm:Section Ref="schedule-19AB-paragraph-5-5-b" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/schedule/19AB/paragraph/5/5/b" FoundRef="schedule-19AB-paragraph-5">(b)</ukm:Section>
</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="article-52-2-n" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/52/2/n">art. 52(2)(n)</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="article-1-2-a" URI="http://www.legislation.gov.uk/id/uksi/2001/3629/article/1/2/a">art. 1(2)(a)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Date="2001-12-01" Qualification="with effect in accordance with" OtherQualification="art. 1(2)(a)"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
<ukm:UnappliedEffect AffectingNumber="875" Type="applied (with modifications)" AffectedNumber="1" AffectedURI="http://www.legislation.gov.uk/id/ukpga/1988/1" AffectingEffectsExtent="E+W+S" URI="http://www.legislation.gov.uk/id/effect/key-b9054a3d085379b318defb2d493dc991" AffectedYear="1988" Row="264" EffectId="key-b9054a3d085379b318defb2d493dc991" AffectedClass="UnitedKingdomPublicGeneralAct" AffectedProvisions="Act" Notes="This amendment not applied to legislation.gov.uk. S.I. 2010/875 was revoked (27.8.2010) by SI 2010/1906, reg. 2 without having come into force" AffectingYear="2010" AffectedExtent="E+W+S+N.I." RequiresApplied="false" Modified="2022-04-21T15:01:57Z" AffectingClass="UnitedKingdomStatutoryInstrument" AffectingProvisions="reg. 16 Sch. 2" AffectingURI="http://www.legislation.gov.uk/id/uksi/2010/875">
<ukm:AffectedTitle>Income and Corporation Taxes Act 1988</ukm:AffectedTitle>
<ukm:AffectedProvisions>Act</ukm:AffectedProvisions>
<ukm:AffectingTitle>The Employment and Support Allowance (Transitional Provisions, Housing Benefit and Council Tax Benefit) (Existing Awards) Regulations 2010</ukm:AffectingTitle>
<ukm:AffectingProvisions>
<ukm:Section Ref="regulation-16" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/16">reg. 16</ukm:Section>
<ukm:Section Ref="schedule-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/schedule/2">Sch. 2</ukm:Section>
</ukm:AffectingProvisions>
<ukm:CommencementAuthority>
<ukm:Section Ref="regulation-1-2" URI="http://www.legislation.gov.uk/id/uksi/2010/875/regulation/1/2">reg. 1(2)</ukm:Section>
</ukm:CommencementAuthority>
<ukm:InForceDates>
<ukm:InForce Date="2010-10-01" Qualification="wholly in force"/>
</ukm:InForceDates>
</ukm:UnappliedEffect>
</ukm:UnappliedEffects>
</ukm:PrimaryMetadata>
<ukm:Alternatives>
<ukm:Alternative URI="http://www.legislation.gov.uk/ukpga/1988/1/pdfs/ukpga_19880001_en.pdf" Date="2015-08-17" Size="23256248"/>
</ukm:Alternatives>
<ukm:Statistics>
<ukm:TotalParagraphs Value="2544"/>
<ukm:BodyParagraphs Value="1579"/>
<ukm:ScheduleParagraphs Value="965"/>
<ukm:AttachmentParagraphs Value="0"/>
<ukm:TotalImages Value="37"/>
</ukm:Statistics>
</ukm:Metadata>
<Primary>
<Body DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/body" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/body" NumberOfProvisions="1579" RestrictStartDate="2024-04-06">
<Part DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XII" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XII" NumberOfProvisions="246" id="part-XII" RestrictExtent="E+W+S+N.I." RestrictStartDate="2006-07-19">
<Number>PART XII</Number>
<Title> SPECIAL CLASSES OF COMPANIES AND BUSINESSES</Title>
<Chapter DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XII/chapter/I" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XII/chapter/I" NumberOfProvisions="116" RestrictExtent="E+W+S+N.I." RestrictStartDate="2006-07-19" id="part-XII-chapter-I">
<Number> CHAPTER I</Number>
<Title> INSURANCE COMPANIES, UNDERWRITERS AND CAPITAL REDEMPTION BUSINESS</Title>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/part/XII/chapter/I/crossheading/capital-redemption-business" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/part/XII/chapter/I/crossheading/capital-redemption-business" NumberOfProvisions="2" RestrictExtent="E+W+S+N.I." RestrictStartDate="1996-04-29" id="part-XII-chapter-I-crossheading-capital-redemption-business">
<Title> Capital redemption business</Title>
<P1group RestrictExtent="E+W+S+N.I." RestrictStartDate="2007-07-19">
<Title> Capital redemption business.</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1988/1/section/458" IdURI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/458" id="section-458">
<Pnumber>458</Pnumber>
<P1para>
<Text>
<CommentaryRef Ref="c23711261"/>
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
</Text>
</P1para>
</P1>
</P1group>
</Pblock>
</Chapter>
</Part>
</Body>
</Primary>
<Commentaries>
<Commentary id="c23711261" Type="F">
<Para>
<Text>
<CitationSubRef id="c07612" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/458" SectionRef="section-458">Ss. 458</CitationSubRef>
,
<CitationSubRef id="c07613" URI="http://www.legislation.gov.uk/id/ukpga/1988/1/section/458A" SectionRef="section-458A">458A</CitationSubRef>
repealed (with effect in accordance with s. 38(2) of the repealing Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2007/11" id="c07614" Year="2007" Class="UnitedKingdomPublicGeneralAct" Number="11" Title="Finance Act 2007">Finance Act 2007 (c. 11)</Citation>
,
<CitationSubRef id="c07615" URI="http://www.legislation.gov.uk/id/ukpga/2007/11/schedule/7/paragraph/39" CitationRef="c07614" SectionRef="schedule-7-paragraph-39">Sch. 7 para. 39</CitationSubRef>
,
<CitationSubRef id="c07616" URI="http://www.legislation.gov.uk/id/ukpga/2007/11/schedule/27/part/2/7" Operative="true" CitationRef="c07614" SectionRef="schedule-27-part-2-7">Sch. 27 Pt. 2(7)</CitationSubRef>
, Note (with Sch. 7 Pt. 2)
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>