SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
495Income Tax (Trading and Other Income) Act 2005 (c. 5)
1
Amend section 13 (visiting performers) as follows.
2
In subsection (8) omit the definitions of “payment” and “transfer”.
3
After that subsection insert—
9
In this section and section 14—
a
references to a payment include references to a payment by way of loan of money, and
b
references to a transfer do not include references to a transfer of money but, subject to that, include references to—
i
a temporary transfer (as by way of loan), and
ii
a transfer of a right (whether or not a right to receive money).
10
This section does not apply to payments or transfers of a kind prescribed in regulations under section 966(6) of ITA 2007.