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Finance Act 1988

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Changes over time for: Cross Heading: Abolition of charge under Schedule B

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Version Superseded: 01/04/2009

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Status:

Point in time view as at 01/02/1991.

Changes to legislation:

There are currently no known outstanding effects for the Finance Act 1988, Cross Heading: Abolition of charge under Schedule B. Help about Changes to Legislation

Abolition of charge under Schedule BU.K.

2(1)The charge to tax under Schedule B in respect of the occupation of commercial woodlands is hereby abolished.U.K.

(2)In any case where, as respects an accounting period of a company which begins before and ends on or after 6th April 1988, the charge to tax under Schedule B has effect in relation to one part of that period but does not have effect in relation to the other part—

(a)the income deemed to arise to the company for that period from the occupation of the woodlands concerned shall be apportioned between those parts; and

(b)so much of that income as is apportioned to the part beginning on 6th April 1988 shall not be regarded as income arising to the company for that period.

(3)This paragraph shall be deemed to have come into force on 6th April 1988.

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