SCHEDULES

SCHEDULE 15 U.K. Accountancy change: spreading of adjustment

Part 2 U.K. Corporation tax

Meaning of “business” etc U.K.

14 (1) In this Part of this Schedule “business” means— U.K.

(a) a trade or vocation, or

(b) a [F1 UK property business] or overseas property business.

Textual Amendments

F1 Words in Sch. 15 para. 14(1)(b) substituted (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 1 para. 696(6) (with Sch. 2 Pts. 1, 2)