SCHEDULES

SCHEDULE 2U.K.Transitionals and savings

Part 14U.K.Tax avoidance

Individuals in partnership: exit chargeU.K.

152(1)This paragraph applies for the purposes of sections 805 to 807 if the individual carried on the trade at any time before 26 March 2004.U.K.

(2)Any reference to expenditure incurred in the trade in exploiting the licence does not include expenditure incurred before 10 February 2004.