Finance Act 1998 (c. 36)

SCHEDULES

SCHEDULE 5 U.K. Rent and other receipts from land

Part III U.K. Minor and consequential amendments

Commencement Information

I1 Sch. 5 Pts. I-III in force and has effect as mentioned in s. 38.

Income and Corporation Taxes Act 1988 (c.1) U.K.

41 U.K. In section 441B of the Taxes Act 1988 (treatment of UK land linked to a company’s overseas life assurance business), after subsection (2) insert—

“(2A) For the purposes of subsection (2) above a Schedule A business for the exploitation of any land to which this section applies shall be treated as a separate business from any other such business.”.