50U.K.The Finance Act 2002 is amended as follows.
Commencement Information
I1Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284
F151U.K.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Textual Amendments
F1Sch. 35 para. 51 repealed (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 3 (with Sch. 2)
52(1)Schedule 29 (gains and losses of a company from intangible fixed assets) is amended as follows.U.K.
(2)In paragraph 112(2), for paragraph (d) substitute—
“(d)section 246(2) of the Finance Act 2004 (expenditure on benefits under employer-financed retirement benefits schemes).”
Commencement Information
I2Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284
53U.K.In paragraph 114, for sub-paragraph (3) substitute—
“(3)For the purposes of this paragraph “pension contributions” means—
(a)sums paid by an employer by way of contributions under a registered pension scheme,
(b)sums paid to the trustees or managers of a registered pension scheme that are treated as if they were the payment of contributions under the pension scheme (see section 199 of the Finance Act 2004), or
(c)expenses within section 246(3) of the Finance Act 2004 (expenditure on benefits under employer-financed retirement benefits schemes).”
Commencement Information
I3Ss. 160-274, 281, Schs. 30-35 in force at 6.4.2006 but any power to make an order or regulations under those provisions may be exercised at any time after Royal Assent, see s. 284