SCHEDULES

SCHEDULE 1Consequential amendments

Part 1Income and Corporation Taxes Act 1988

78

(1)

Amend section 99 (dealers in land) as follows.

(2)

In subsection (1) for “tax purposes” substitute “ corporation tax purposes ”.

(3)

In subsection (2) for “tax” substitute “ corporation tax ”.

(4)

In subsection (3)—

(a)

for “tax”, in each place where it occurs, substitute “ corporation tax ”,

(b)

for “chargeable periods” substitute “ accounting periods ”, and

(c)

for “chargeable period” substitute “ accounting period ”.