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Changes over time for: Cross Heading: Abolition of charge under Schedule B
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 01/04/2009
Status:
Point in time view as at 24/07/2002.
Changes to legislation:
There are currently no known outstanding effects for the Finance Act 1988, Cross Heading: Abolition of charge under Schedule B.
Changes to Legislation
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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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