Explanatory Notes

Income Tax (Trading and Other Income) Act 2005

2005 CHAPTER 5

24 March 2005

ANNEX 2: DESTINATION OF REWRITTEN EXTRA-STATUTORY CONCESSIONS:

ESC NumberDescriptionSee Annex 1
A29Farming and market gardening: relief for fluctuating profitsChange 59
A30Interest on damages for personal injuries (foreign court awards)Change 125
A34Ulster savings certificates: certificates encashed after death of registered holderChange 113
A46Variable purchased life annuities: carry forward of excess of capital elementChanges 118 and 119
A55Arrears of foreign pensionsChange 139
A96 (part)Old life insurance policies: insurer stopping collection of premiumsChange 89
B29Treatment of income from caravan sites where there is both trading and associated letting incomeChange 3
B38Tax concessions on overseas debtsChange 50
B42 (part)“Free gifts” and insurance contractsChange 91
B53 (part)Non residents and gains on life insurance policiesChanges 88 and 157
B54Tax relief for expenditure on films, tapes and discs confirmedChange 38