Income Tax (Trading and Other Income) Act 2005 (c. 5)

SCHEDULES

SCHEDULE 1 U.K. Consequential amendments

Part 2 U.K. Other enactments

Finance (No. 2) Act 1992 (c. 48) U.K.

458 (1) Amend section 42 (relief for production or acquisition expenditure) as follows. U.K.

(2) In subsection (1)—

(a) for “tax purposes” substitute “ the purposes of corporation tax ”,

(b) for “a person” substitute “ a company ”,

(c) for “that person” substitute “ the company ”,

(d) after “section 40B above” insert “ or section 135 of ITTOIA 2005 ”, and

(e) after “section 40D above” insert “ or section 143 of ITTOIA 2005 ”.

(3) In subsection (4)—

(a) in paragraph (b) after “section 41 above” insert “ or section 137 of ITTOIA 2005 ”,

(b) in paragraph (c) after “this section” insert “ or any provision of Chapter 9 of Part 2 of ITTOIA 2005 ”.

F1 (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(5) In subsection (7) after “section 40B above” insert “ or section 135 of ITTOIA 2005 ”.

Textual Amendments

F1 Sch. 1 para. 458(4) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1