SCHEDULES

C1SCHEDULE 29Gains and losses of a company from intangible fixed assets

Annotations:
Modifications etc. (not altering text)
C1

Sch. 29 applied (with modifications) (15.8.2002) by S.I. 2002/1967, regs. 3-6

Part 15Interpretation

141Meaning of “the Inland Revenue"

1

Functions under these provisions are functions of the Board—

  • paragraph 35(2) (relief against total profits: power to allow longer period for claim),

  • paragraph 39(1)(a) (roll-over relief: power to allow longer reinvestment period),

  • paragraphs 84(6), 85(5), 86(9), 87(8) and 88 (transfers treated as tax-neutral, etc: clearance procedure).

These functions are within section 4A of the Inland Revenue Regulation Act 1890 (c. 21) (functions of Board exercisable by officer acting with their authority).

2

Subject to sub-paragraph (1), references in this Schedule to “the Inland Revenue” are to any officer of the Board.

3

In this paragraph “the Board” means the Commissioners of Inland Revenue.