http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/IFinance Act 1997An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with Finance.1997-03-19texttext/xmlenStatute Law Database2024-05-21Expert Participation2024-02-22 SCHEDULESSCHEDULE 12 Leasing arrangements: finance leases and loansPart I Leasing arrangements where any of the return on investment is in capital form Purpose of this Part of this Schedule1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Application of this Part of this Schedule2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The conditions3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The arrangements and circumstances in paragraph 3(5)4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Current lessor to be taxed by reference to accountancy rental earnings5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Reduction of taxable rent by certain excesses6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Assignments on which neither a gain nor a loss accrues7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Relief for bad debts <Abbreviation Expansion="Et cetera" xml:lang="la">etc</Abbreviation>: corporation tax under Schedule A81Section 41 of the Taxes Act 1988 (which gives a person relief from corporation tax under Schedule A for rent etc not paid, by treating him as if he had never been entitled to the rent) shall be disregarded in determining for the purposes of this Part of this Schedule the amount of—athe accountancy rental earnings in respect of the lease, orbthe normal rent from the lease,for any period of account.2Where for any period of account—aa person is treated under paragraph 5 above as if he had been entitled to receive an amount of rent, andbthe amount is in respect of rents on the profits or gains arising from which that person is chargeable to corporation tax under Schedule A,section 41 of the Taxes Act 1988 shall not have effect in relation to amounts in respect of rents from the lease of the asset for that or any subsequent period of account of his, or of any person to whom the lessor’s interest under the lease is assigned, until the lease terminates or is assigned in circumstances such that paragraph 7 above does not apply.3Where, by virtue of sub-paragraph (2) above, section 41 of the Taxes Act 1988 does not apply, sub-paragraph (4) below shall apply instead.4In computing the profits or gains on which a person is chargeable to corporation tax under Schedule A in a case falling within sub-paragraph (2) above, any sums falling within sub-paragraph (i), (ii) or (iii) of section 74(1)(j) of the Taxes Act 1988 in respect of amounts in respect of rents from the lease of the asset shall be deductible in a period of account as an expense to the extent that they would be deductible in that period of account if—aamounts in respect of rents from the lease of the asset fell to be taken into account as trading receipts in computing the profits of a trade carried on by the person;bthe asset were leased in the course of that trade; andcthe charge to corporation tax under Schedule A were in respect of such annual profits or gains as are described in that Schedule arising from a trade.5Any such expense as is mentioned in sub-paragraph (4) above shall be treated for the purposes of section 25 of the Taxes Act 1988 (deductions from rent for the purposes of corporation tax under Schedule A) as if that expense—awere included among the permitted deductions, within the meaning of that section;bwere a payment made in respect of the premises comprised in the lease; andcwere a payment which became due, and was made, immediately before the end of the period of account mentioned in sub-paragraph (4) above.6Where—aa deduction has been made by virtue of sub-paragraph (4) above in respect of an amount, butbsubsequently an amount (“the relevant credit”) is recovered or credited in respect of the amount in respect of which the deduction was made, andcthe relevant credit would, on the suppositions in paragraphs (a) to (c) of sub-paragraph (4) above, be brought into account for tax purposes as a trading receipt for a period of account of the current lessor,the taxable rent for that period of account shall be increased by the amount of the relevant credit.7In sub-paragraph (6) above, “the taxable rent”, in the case of a period of account of the current lessor, means the amount which would, apart from that sub-paragraph, be treated for tax purposes as rent from the lease—awhich arises to him, andbif rent arising to him from the lease is chargeable to corporation tax under Schedule A, to which he is entitled,in that period of account for the purpose of determining his liability to tax for the related chargeable period or periods.8After the time when the conditions in paragraph 3 above become satisfied as respects any particular lessor, no claim under section 41 of the Taxes Act 1988 shall be made in respect of any amount which that lessor was entitled to receive in respect of rents from the lease of the asset.9Where—abefore the time at which the conditions in paragraph 3 above become satisfied as respects any particular lessor, a claim under section 41 of the Taxes Act 1988 in respect of an amount which he was entitled to receive in respect of any rents from the lease of the asset has been made, andbthe claim is to any extent allowed,no amount shall be deductible under sub-paragraph (4) above in respect of that amount so far as so allowed. Relief for bad debts etc: cumulative accountancy rental excess9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Relief for bad debts etc: cumulative normal rental excess10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital allowances11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Chargeable gains12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Existing schemes where this Part does not at first apply13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . New schemes where this Part begins to apply after Part II has applied14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Sch. 12 para. 8 repealed (31.7.1998 with effect in accordance with s. 38(2)(3) of the amending Act) by 1998 c. 36, s. 165, Sch. 27 Pt. III(4) noteSch. 12 para. 8(1)-(7) excluded (31.7.1998 in relation to periods of account beginning on or after 1.4.1998) by 1998 c. 36, s. 38(1), Sch. 5 para. 74(1)(2)Words in Sch. 12 para. 8(4)(a) substituted (31.7.1998) by 1998 c. 36, s. 46(3)(a), Sch. 7 para. 12Sch. 12 para. 8(8) excluded (31.7.1998) by 1998 c. 36, s. 38(1), Sch. 5 para. 74(1)(2)Sch. 12 para. 8(9) excluded (31.7.1998) by 1998 c. 36, s. 38(1) Sch. 5 para. 74(1)(2)Sch. 12 paras. 1-7 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 232(3), Sch. 10 Pt. 8 (with Sch. 9 paras. 1-9, 22)Sch. 12 paras. 9-17 repealed (with effect in accordance with s. 381(1) of the amending Act) by Taxation (International and Other Provisions) Act 2010 (c. 8), s. 381(1), Sch. 8 para. 232(3), Sch. 10 Pt. 8 (with Sch. 9 paras. 1-9, 22)Sch. 12 para. 14 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 296(2), Sch. 3 Pt. 2 (with Sch. 1 para. 296(5), Sch. 2)Sch. 12 para. 13 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 296(2), Sch. 3 Pt. 2 (with Sch. 1 para. 296(5), Sch. 2)Sch. 12 paras. 9-11 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 296(2), Sch. 3 Pt. 2 (with Sch. 1 para. 296(5), Sch. 2)Sch. 12 paras. 1-7 repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 1 para. 296(2), Sch. 3 Pt. 2 (with Sch. 1 para. 296(5), Sch. 2)
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<Pnumber>
<CommentaryRef Ref="key-659fbf366365ca783fbddfd30f93c2c7"/>
<CommentaryRef Ref="key-25fa67642f994a56c7e39d0f6db3b899"/>
3
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/the-arrangements-and-circumstances-in-paragraph-35" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/the-arrangements-and-circumstances-in-paragraph-35" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-the-arrangements-and-circumstances-in-paragraph-35" RestrictStartDate="2010-04-01">
<Title> The arrangements and circumstances in paragraph 3(5)</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/4" RestrictExtent="E+W+S+N.I." id="schedule-12-paragraph-4" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-659fbf366365ca783fbddfd30f93c2c7"/>
<CommentaryRef Ref="key-25fa67642f994a56c7e39d0f6db3b899"/>
4
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/current-lessor-to-be-taxed-by-reference-to-accountancy-rental-earnings" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/current-lessor-to-be-taxed-by-reference-to-accountancy-rental-earnings" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-current-lessor-to-be-taxed-by-reference-to-accountancy-rental-earnings" RestrictStartDate="2010-04-01">
<Title> Current lessor to be taxed by reference to accountancy rental earnings</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/5" id="schedule-12-paragraph-5" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-659fbf366365ca783fbddfd30f93c2c7"/>
<CommentaryRef Ref="key-25fa67642f994a56c7e39d0f6db3b899"/>
5
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/reduction-of-taxable-rent-by-certain-excesses" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/reduction-of-taxable-rent-by-certain-excesses" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-reduction-of-taxable-rent-by-certain-excesses" RestrictStartDate="2010-04-01">
<Title> Reduction of taxable rent by certain excesses</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/6" RestrictExtent="E+W+S+N.I." id="schedule-12-paragraph-6" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-659fbf366365ca783fbddfd30f93c2c7"/>
<CommentaryRef Ref="key-25fa67642f994a56c7e39d0f6db3b899"/>
6
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/assignments-on-which-neither-a-gain-nor-a-loss-accrues" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/assignments-on-which-neither-a-gain-nor-a-loss-accrues" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-assignments-on-which-neither-a-gain-nor-a-loss-accrues" RestrictStartDate="2010-04-01">
<Title> Assignments on which neither a gain nor a loss accrues</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/7" id="schedule-12-paragraph-7" RestrictExtent="E+W+S+N.I." RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-659fbf366365ca783fbddfd30f93c2c7"/>
<CommentaryRef Ref="key-25fa67642f994a56c7e39d0f6db3b899"/>
7
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-corporation-tax-under-schedule-a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-corporation-tax-under-schedule-a" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-relief-for-bad-debts-etc-corporation-tax-under-schedule-a" RestrictStartDate="1997-03-19">
<Title>
Relief for bad debts
<Abbreviation Expansion="Et cetera" xml:lang="la">etc</Abbreviation>
: corporation tax under Schedule A
</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8" RestrictExtent="E+W+S+N.I." RestrictStartDate="1998-07-31" id="schedule-12-paragraph-8">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">8</Addition>
</Pnumber>
<P1para>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/1" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/1" id="schedule-12-paragraph-8-1">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">1</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Section 41 of the Taxes Act 1988 (which gives a person relief from corporation tax under Schedule A for rent </Addition>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">etc</Addition>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361"> not paid, by treating him as if he had never been entitled to the rent) shall be disregarded in determining for the purposes of this Part of this Schedule the amount of—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/1/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/1/a" id="schedule-12-paragraph-8-1-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the accountancy rental earnings in respect of the lease, or</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/1/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/1/b" id="schedule-12-paragraph-8-1-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the normal rent from the lease,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">for any period of account.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/2" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/2" id="schedule-12-paragraph-8-2">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">2</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Where for any period of account—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/2/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/2/a" id="schedule-12-paragraph-8-2-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a person is treated under paragraph 5 above as if he had been entitled to receive an amount of rent, and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/2/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/2/b" id="schedule-12-paragraph-8-2-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the amount is in respect of rents on the profits or gains arising from which that person is chargeable to corporation tax under Schedule A,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">section 41 of the Taxes Act 1988 shall not have effect in relation to amounts in respect of rents from the lease of the asset for that or any subsequent period of account of his, or of any person to whom the lessor’s interest under the lease is assigned, until the lease terminates or is assigned in circumstances such that paragraph 7 above does not apply.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/3" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/3" id="schedule-12-paragraph-8-3">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">3</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Where, by virtue of sub-paragraph (2) above, section 41 of the Taxes Act 1988 does not apply, sub-paragraph (4) below shall apply instead.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/4" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/4" id="schedule-12-paragraph-8-4">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">4</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">In computing the profits or gains on which a person is chargeable to corporation tax under Schedule A in a case falling within sub-paragraph (2) above, any sums falling within sub-paragraph (i), (ii) or (iii) of section 74(1)(j) of the Taxes Act 1988 in respect of amounts in respect of rents from the lease of the asset shall be deductible in a period of account as an expense to the extent that they would be deductible in that period of account if—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/4/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/4/a" id="schedule-12-paragraph-8-4-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">amounts in respect of rents from the lease of the asset fell to be taken into account as trading receipts in computing the </Addition>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">
<Addition ChangeId="d29p22732" CommentaryRef="c14710411">profits</Addition>
</Addition>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361"> of a trade carried on by the person;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/4/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/4/b" id="schedule-12-paragraph-8-4-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the asset were leased in the course of that trade; and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/4/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/4/c" id="schedule-12-paragraph-8-4-c">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the charge to corporation tax under Schedule A were in respect of such annual profits or gains as are described in that Schedule arising from a trade.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/5" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/5" id="schedule-12-paragraph-8-5">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">5</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Any such expense as is mentioned in sub-paragraph (4) above shall be treated for the purposes of section 25 of the Taxes Act 1988 (deductions from rent for the purposes of corporation tax under Schedule A) as if that expense—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/5/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/5/a" id="schedule-12-paragraph-8-5-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">were included among the permitted deductions, within the meaning of that section;</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/5/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/5/b" id="schedule-12-paragraph-8-5-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">were a payment made in respect of the premises comprised in the lease; and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/5/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/5/c" id="schedule-12-paragraph-8-5-c">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">were a payment which became due, and was made, immediately before the end of the period of account mentioned in sub-paragraph (4) above.</Addition>
</Text>
</P3para>
</P3>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/6" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/6" id="schedule-12-paragraph-8-6">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">6</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Where—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/6/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/6/a" id="schedule-12-paragraph-8-6-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a deduction has been made by virtue of sub-paragraph (4) above in respect of an amount, but</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/6/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/6/b" id="schedule-12-paragraph-8-6-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">subsequently an amount (“</Addition>
<Term id="term-the-relevant-credit">
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the relevant credit</Addition>
</Term>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">”) is recovered or credited in respect of the amount in respect of which the deduction was made, and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/6/c" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/6/c" id="schedule-12-paragraph-8-6-c">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">c</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the relevant credit would, on the suppositions in paragraphs (a) to (c) of sub-paragraph (4) above, be brought into account for tax purposes as a trading receipt for a period of account of the current lessor,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the taxable rent for that period of account shall be increased by the amount of the relevant credit.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/7" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/7" id="schedule-12-paragraph-8-7">
<Pnumber>
<CommentaryRef Ref="c14710371"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">7</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">In sub-paragraph (6) above, “</Addition>
<Term id="term-the-taxable-rent">
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the taxable rent</Addition>
</Term>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">”, in the case of a period of account of the current lessor, means the amount which would, apart from that sub-paragraph, be treated for tax purposes as rent from the lease—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/7/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/7/a" id="schedule-12-paragraph-8-7-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">which arises to him, and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/7/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/7/b" id="schedule-12-paragraph-8-7-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">if rent arising to him from the lease is chargeable to corporation tax under Schedule A, to which he is entitled,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">in that period of account for the purpose of determining his liability to tax for the related chargeable period or periods.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/8" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/8" id="schedule-12-paragraph-8-8">
<Pnumber>
<CommentaryRef Ref="c14710451"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">8</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">After the time when the conditions in paragraph 3 above become satisfied as respects any particular lessor, no claim under section 41 of the Taxes Act 1988 shall be made in respect of any amount which that lessor was entitled to receive in respect of rents from the lease of the asset.</Addition>
</Text>
</P2para>
</P2>
<P2 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/9" id="schedule-12-paragraph-8-9">
<Pnumber>
<CommentaryRef Ref="c14710461"/>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">9</Addition>
</Pnumber>
<P2para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">Where—</Addition>
</Text>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/9/a" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/9/a" id="schedule-12-paragraph-8-9-a">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">a</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">before the time at which the conditions in paragraph 3 above become satisfied as respects any particular lessor, a claim under section 41 of the Taxes Act 1988 in respect of an amount which he was entitled to receive in respect of any rents from the lease of the asset has been made, and</Addition>
</Text>
</P3para>
</P3>
<P3 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/8/9/b" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/8/9/b" id="schedule-12-paragraph-8-9-b">
<Pnumber>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">b</Addition>
</Pnumber>
<P3para>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">the claim is to any extent allowed,</Addition>
</Text>
</P3para>
</P3>
<Text>
<Addition ChangeId="d29p22666" CommentaryRef="c14710361">no amount shall be deductible under sub-paragraph (4) above in respect of that amount so far as so allowed.</Addition>
</Text>
</P2para>
</P2>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-cumulative-accountancy-rental-excess" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-cumulative-accountancy-rental-excess" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-relief-for-bad-debts-etc-cumulative-accountancy-rental-excess" RestrictStartDate="2010-04-01">
<Title> Relief for bad debts etc: cumulative accountancy rental excess</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/9" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/9" id="schedule-12-paragraph-9" RestrictExtent="E+W+S+N.I." RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-0f2e02238fa3ea2b91ce8537eadadb42"/>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
9
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-cumulative-normal-rental-excess" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/relief-for-bad-debts-etc-cumulative-normal-rental-excess" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-relief-for-bad-debts-etc-cumulative-normal-rental-excess" RestrictStartDate="2010-04-01">
<Title> Relief for bad debts etc: cumulative normal rental excess</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/10" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/10" id="schedule-12-paragraph-10" RestrictExtent="E+W+S+N.I." RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-0f2e02238fa3ea2b91ce8537eadadb42"/>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
10
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/capital-allowances" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/capital-allowances" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-capital-allowances" RestrictStartDate="2010-04-01">
<Title> Capital allowances</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/11" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/11" RestrictExtent="E+W+S+N.I." BlanketAmendment="true" id="schedule-12-paragraph-11" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-0f2e02238fa3ea2b91ce8537eadadb42"/>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
11
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/chargeable-gains" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/chargeable-gains" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-chargeable-gains" RestrictStartDate="2010-04-01">
<Title> Chargeable gains</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/12" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/12" id="schedule-12-paragraph-12" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
12
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/existing-schemes-where-this-part-does-not-at-first-apply" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/existing-schemes-where-this-part-does-not-at-first-apply" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-existing-schemes-where-this-part-does-not-at-first-apply" RestrictStartDate="2010-04-01">
<Title> Existing schemes where this Part does not at first apply</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/13" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/13" RestrictExtent="E+W+S+N.I." id="schedule-12-paragraph-13" RestrictStartDate="2010-04-01">
<Pnumber>
<CommentaryRef Ref="key-2da9e17985bae53849722ed1c0345e90"/>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
13
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
<Pblock DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/part/I/crossheading/new-schemes-where-this-part-begins-to-apply-after-part-ii-has-applied" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/part/I/crossheading/new-schemes-where-this-part-begins-to-apply-after-part-ii-has-applied" NumberOfProvisions="1" id="schedule-12-part-I-crossheading-new-schemes-where-this-part-begins-to-apply-after-part-ii-has-applied" RestrictStartDate="2010-04-01">
<Title> New schemes where this Part begins to apply after Part II has applied</Title>
<P1 DocumentURI="http://www.legislation.gov.uk/ukpga/1997/16/schedule/12/paragraph/14" IdURI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/14" id="schedule-12-paragraph-14" RestrictStartDate="2010-04-01" RestrictExtent="E+W+S+N.I.">
<Pnumber>
<CommentaryRef Ref="key-f66a35a5c4e682d3acbf862041f9d058"/>
<CommentaryRef Ref="key-5a54705637ff0e33e548fd5787d35389"/>
14
</Pnumber>
<P1para>
<Text>. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .</Text>
</P1para>
</P1>
</Pblock>
</Part>
</ScheduleBody>
</Schedule>
</Schedules>
</Primary>
<Commentaries>
<Commentary id="c14710361" Type="F">
<Para>
<Text>
Sch. 12 para. 8 repealed (31.7.1998 with effect in accordance with
<CitationSubRef id="c00747" CitationRef="c00748" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/2/3" SectionRef="section-38-2-3">s. 38(2)(3)</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00748" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00749" CitationRef="c00748" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/165" SectionRef="section-165">s. 165</CitationSubRef>
,
<CitationSubRef id="c00750" CitationRef="c00748" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/27/part/III/4" Operative="true" SectionRef="schedule-27-part-III-4">Sch. 27 Pt. III(4)</CitationSubRef>
note
</Text>
</Para>
</Commentary>
<Commentary id="c14710371" Type="C">
<Para>
<Text>
Sch. 12 para. 8(1)-(7) excluded (31.7.1998 in relation to periods of account beginning on or after 1.4.1998) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00752" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00753" CitationRef="c00752" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/1" SectionRef="section-38-1">s. 38(1)</CitationSubRef>
,
<CitationSubRef id="c00754" CitationRef="c00752" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/5/paragraph/74/1/2" Operative="true" SectionRef="schedule-5-paragraph-74-1-2">Sch. 5 para. 74(1)(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c14710411" Type="F">
<Para>
<Text>
Words in Sch. 12 para. 8(4)(a) substituted (31.7.1998) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00756" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00757" CitationRef="c00756" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/46/3/a" SectionRef="section-46-3-a">s. 46(3)(a)</CitationSubRef>
,
<CitationSubRef id="c00758" CitationRef="c00756" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/7/paragraph/12" Operative="true" SectionRef="schedule-7-paragraph-12">Sch. 7 para. 12</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c14710451" Type="C">
<Para>
<Text>
Sch. 12 para. 8(8) excluded (31.7.1998) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00760" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00761" CitationRef="c00760" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/1" SectionRef="section-38-1">s. 38(1)</CitationSubRef>
,
<CitationSubRef id="c00762" CitationRef="c00760" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/schedule/5/paragraph/74/1/2" Operative="true" SectionRef="schedule-5-paragraph-74-1-2">Sch. 5 para. 74(1)(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="c14710461" Type="C">
<Para>
<Text>
Sch. 12 para. 8(9) excluded (31.7.1998) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/1998/36" id="c00764" Year="1998" Class="UnitedKingdomPublicGeneralAct" Number="36">1998 c. 36</Citation>
,
<CitationSubRef id="c00765" CitationRef="c00764" URI="http://www.legislation.gov.uk/id/ukpga/1998/36/section/38/1/schedule/5/paragraph/74/1/2" Operative="true" SectionRef="section-38-1-schedule-5-paragraph-74-1-2">s. 38(1) Sch. 5 para. 74(1)(2)</CitationSubRef>
</Text>
</Para>
</Commentary>
<Commentary id="key-25fa67642f994a56c7e39d0f6db3b899" Type="F">
<Para>
<Text>
Sch. 12 paras. 1-7 repealed (with effect in accordance with
<CitationSubRef id="cc00027" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/section/381/1" SectionRef="section-381-1">s. 381(1)</CitationSubRef>
of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/8" id="d12e7" Year="2010" Class="UnitedKingdomPublicGeneralAct" Number="8" Title="Taxation (International and Other Provisions) Act 2010">Taxation (International and Other Provisions) Act 2010 (c. 8)</Citation>
,
<CitationSubRef id="cc00029" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/section/381/1" SectionRef="section-381-1">s. 381(1)</CitationSubRef>
,
<CitationSubRef id="cc00030" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/8/paragraph/232/3" SectionRef="schedule-8-paragraph-232-3">Sch. 8 para. 232(3)</CitationSubRef>
,
<CitationSubRef id="cc00031" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/10/part/8" Operative="true" SectionRef="schedule-10-part-8">Sch. 10 Pt. 8</CitationSubRef>
(with
<CitationSubRef id="cc00032" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/9" Type="group" StartSectionRef="schedule-9-paragraph-1" EndSectionRef="schedule-9-paragraph-9">Sch. 9 paras. 1-9</CitationSubRef>
,
<CitationSubRef id="cc00033" CitationRef="d12e7" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/22" SectionRef="schedule-9-paragraph-22">22</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-5a54705637ff0e33e548fd5787d35389" Type="F">
<Para>
<Text>
Sch. 12 paras. 9-17 repealed (with effect in accordance with s. 381(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/8" id="cwuaj8oe2-00043" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="8" Title="Taxation (International and Other Provisions) Act 2010">Taxation (International and Other Provisions) Act 2010 (c. 8)</Citation>
,
<CitationSubRef id="cwuaj8oe2-00044" CitationRef="cwuaj8oe2-00043" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/section/381/1" SectionRef="section-381-1">s. 381(1)</CitationSubRef>
,
<CitationSubRef id="cwuaj8oe2-00045" CitationRef="cwuaj8oe2-00043" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/8/paragraph/232/3" SectionRef="schedule-8-paragraph-232-3">Sch. 8 para. 232(3)</CitationSubRef>
,
<CitationSubRef id="cwuaj8oe2-00046" CitationRef="cwuaj8oe2-00043" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/10/part/8" SectionRef="schedule-10-part-8" Operative="true">Sch. 10 Pt. 8</CitationSubRef>
(with
<CitationSubRef id="cwuaj8oe2-00047" CitationRef="cwuaj8oe2-00043" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/1" UpTo="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/9" StartSectionRef="schedule-9-paragraph-1" EndSectionRef="schedule-9-paragraph-9">Sch. 9 paras. 1-9</CitationSubRef>
,
<CitationSubRef id="cwuaj8oe2-00048" CitationRef="cwuaj8oe2-00043" URI="http://www.legislation.gov.uk/id/ukpga/2010/8/schedule/9/paragraph/22" SectionRef="schedule-9-paragraph-22">22</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-f66a35a5c4e682d3acbf862041f9d058" Type="F">
<Para>
<Text>
<CitationSubRef id="cwyzkw702-00005" SectionRef="schedule-12-paragraph-14" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/14">Sch. 12 para. 14</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="cwyzkw702-00006" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef id="cwyzkw702-00007" CitationRef="cwyzkw702-00006" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef id="cwyzkw702-00008" CitationRef="cwyzkw702-00006" SectionRef="schedule-1-paragraph-296-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/2">Sch. 1 para. 296(2)</CitationSubRef>
,
<CitationSubRef id="cwyzkw702-00009" CitationRef="cwyzkw702-00006" SectionRef="schedule-3-part-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/2" Operative="true">Sch. 3 Pt. 2</CitationSubRef>
(with
<CitationSubRef id="cwyzkw702-00010" CitationRef="cwyzkw702-00006" SectionRef="schedule-1-paragraph-296-5" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/5">Sch. 1 para. 296(5)</CitationSubRef>
,
<CitationSubRef id="cwyzkw702-00011" CitationRef="cwyzkw702-00006" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-2da9e17985bae53849722ed1c0345e90" Type="F">
<Para>
<Text>
<CitationSubRef id="cwyzi6mx2-00005" SectionRef="schedule-12-paragraph-13" URI="http://www.legislation.gov.uk/id/ukpga/1997/16/schedule/12/paragraph/13">Sch. 12 para. 13</CitationSubRef>
repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="cwyzi6mx2-00006" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef id="cwyzi6mx2-00007" CitationRef="cwyzi6mx2-00006" SectionRef="section-1184-1" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef id="cwyzi6mx2-00008" CitationRef="cwyzi6mx2-00006" SectionRef="schedule-1-paragraph-296-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/2">Sch. 1 para. 296(2)</CitationSubRef>
,
<CitationSubRef id="cwyzi6mx2-00009" CitationRef="cwyzi6mx2-00006" SectionRef="schedule-3-part-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/2" Operative="true">Sch. 3 Pt. 2</CitationSubRef>
(with
<CitationSubRef id="cwyzi6mx2-00010" CitationRef="cwyzi6mx2-00006" SectionRef="schedule-1-paragraph-296-5" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/5">Sch. 1 para. 296(5)</CitationSubRef>
,
<CitationSubRef id="cwyzi6mx2-00011" CitationRef="cwyzi6mx2-00006" SectionRef="schedule-2" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-0f2e02238fa3ea2b91ce8537eadadb42" Type="F">
<Para>
<Text>
Sch. 12 paras. 9-11 repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="cwyz3xry2-00031" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef id="cwyz3xry2-00032" CitationRef="cwyz3xry2-00031" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1" SectionRef="section-1184-1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00033" CitationRef="cwyz3xry2-00031" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/2" SectionRef="schedule-1-paragraph-296-2">Sch. 1 para. 296(2)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00034" CitationRef="cwyz3xry2-00031" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/2" SectionRef="schedule-3-part-2" Operative="true">Sch. 3 Pt. 2</CitationSubRef>
(with
<CitationSubRef id="cwyz3xry2-00035" CitationRef="cwyz3xry2-00031" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/5" SectionRef="schedule-1-paragraph-296-5">Sch. 1 para. 296(5)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00036" CitationRef="cwyz3xry2-00031" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
<Commentary id="key-659fbf366365ca783fbddfd30f93c2c7" Type="F">
<Para>
<Text>
Sch. 12 paras. 1-7 repealed (with effect in accordance with s. 1184(1) of the amending Act) by
<Citation URI="http://www.legislation.gov.uk/id/ukpga/2010/4" id="cwyz3xry2-00019" Class="UnitedKingdomPublicGeneralAct" Year="2010" Number="4" Title="Corporation Tax Act 2010">Corporation Tax Act 2010 (c. 4)</Citation>
,
<CitationSubRef id="cwyz3xry2-00020" CitationRef="cwyz3xry2-00019" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/section/1184/1" SectionRef="section-1184-1">s. 1184(1)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00021" CitationRef="cwyz3xry2-00019" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/2" SectionRef="schedule-1-paragraph-296-2">Sch. 1 para. 296(2)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00022" CitationRef="cwyz3xry2-00019" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/3/part/2" SectionRef="schedule-3-part-2" Operative="true">Sch. 3 Pt. 2</CitationSubRef>
(with
<CitationSubRef id="cwyz3xry2-00023" CitationRef="cwyz3xry2-00019" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/1/paragraph/296/5" SectionRef="schedule-1-paragraph-296-5">Sch. 1 para. 296(5)</CitationSubRef>
,
<CitationSubRef id="cwyz3xry2-00024" CitationRef="cwyz3xry2-00019" URI="http://www.legislation.gov.uk/id/ukpga/2010/4/schedule/2" SectionRef="schedule-2">Sch. 2</CitationSubRef>
)
</Text>
</Para>
</Commentary>
</Commentaries>
</Legislation>