SCHEDULES

SCHEDULE 1 U.K. Consequential amendments

Part 1 U.K. Income and Corporation Taxes Act 1988

32 (1) Amend section 53 (farming and other commercial occupation of land (except woodlands)) as follows. U.K.

(2) In subsection (1) after “charged to” insert “ corporation ”.

(3) In subsection (2)—

(a) for “person or partnership or body of persons” substitute “ company or partnership ”, and

(b) after “trade” insert “ for corporation tax purposes ”.

(4) In subsection (3) after “charged to” insert “ corporation ”.