SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992 (c. 12)

447

1

Amend section 288 (interpretation) as follows.

2

In subsection (1) after the definition of “ITEPA 2003” insert—

“ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005;

3

After subsection (7) insert—

7A

In the application of this Act to Scotland “surrender” includes renunciation.