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
F1Sch. 1 para. 458(4) repealed (31.1.2013) by Statute Law (Repeals) Act 2013 (c. 2), s. 3(2), Sch. 1 Pt. 10 Group 1