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Changes over time for: Cross Heading: Persons liable to pool betting duty


Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Version Superseded: 17/07/2012
Status:
Point in time view as at 07/04/2005.
Changes to legislation:
There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Cross Heading: Persons liable to pool betting duty.

Changes to Legislation
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Persons liable to pool betting dutyU.K.
162Payments by persons liable to pool betting dutyU.K.
(1)This section applies for the purpose of calculating the profits of a trade if—
(a)the person carrying on the trade is liable to pool betting duty,
(b)there is a reduction in that duty, and
(c)the person makes a qualifying payment in consequence of that reduction.
(2)A qualifying payment is one—
(a)made in order to meet (directly or indirectly) capital expenditure incurred by any person in improving the safety or comfort of spectators at a ground to be used for the playing of association football, or
(b)made to trustees established mainly for the support of athletic sports or athletic games but with power to support the arts.
(3)A deduction is allowed for the qualifying payment.
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