There are currently no known outstanding effects for the Income Tax (Trading and Other Income) Act 2005, Paragraph 8.
8(1)Amend section 15 (Schedule A) as follows.U.K.
(2)In subsection (1A)—
(a)in paragraph (b) for “within the charge to income tax under Schedule A” substitute “ the profits of a UK property business within the charge to income tax under Chapter 3 of Part 3 of ITTOIA 2005 ”, and
(b)for “as separate Schedule A businesses” substitute “ for the purposes of those charges as separate businesses ”.
(3)Before subsection (4) insert—
“(3A)Subsection (1) applies for corporation tax purposes (and does not apply for income tax purposes except so far as necessary to ensure its application for corporation tax purposes by virtue of section 9).”
(4)In subsection (4) at the end insert “ and under Chapter 3 of Part 3 of ITTOIA 2005 (profits of a property business) ”.
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.
