SCHEDULES

SCHEDULE 24 CREATIVE ARTISTS: RELIEF FOR FLUCTUATING PROFITS

Section 71.

F1Part 1 NEW SCHEDULE 4A TO THE TAXES ACT 1988

Annotations:
Amendments (Textual)

F1

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part 2 CONSEQUENTIAL AMENDMENTS

F32

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

1

In Schedule 1B to that Act (claims for relief involving two or more years), in paragraph 1 (preliminary definitions) for sub-paragraphs (2) and (3) substitute—

2

For the purposes of this Schedule, two or more claims made by the same person are associated with each other if each of them is any of the following—

a

a claim to which this Schedule applies, or

b

a claim to which Schedule 4A to the principal Act applies (creative artists: relief for fluctuating profits),

and the same year of assessment is the earlier year in relation to each of those claims.

3

In sub-paragraph (2) above, any reference to claims includes—

a

in the case of a claim to which this Schedule applies, a reference to amendments and revocations to which paragraph 4 below applies;

b

in the case of a claim to which Schedule 4A to the principal Act applies, a reference to amendments and revocations to which paragraph 9 of that Schedule applies.

2

This paragraph applies for the year 2000-01 and subsequent years of assessment.

F24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .