Finance Act 1998 (c. 36)

SCHEDULES

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

Part IV U.K. Transitional provisions for corporation tax

Introduction U.K.

65 (1) This Part of this Schedule makes provision with respect to the application of the provisions of Parts I to III of this Schedule for corporation tax purposes. U.K.

(2) In this Part of this Schedule—

• “before commencement” and “after commencement” mean, respectively, before 1st April 1998 and on or after that date; and

• “the new rules” means the provisions of the Tax Acts relating to Schedule A taxation or, as the case may be, to the taxation under Case V of Schedule D of income from land outside the United Kingdom, as they have effect after commencement.