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Income Tax Act 2007

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Changes over time for: Cross Heading: Excluded activities: provision of services or facilities for another business

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There are currently no known outstanding effects for the Income Tax Act 2007, Cross Heading: Excluded activities: provision of services or facilities for another business. Help about Changes to Legislation

Excluded activities: provision of services or facilities for another businessU.K.

56(1)In relation to shares issued before 6 April 2007, section 199 (as applied by section 137(7)) applies with the following modifications—U.K.

(a)in subsections (1) to (4), the substitution of “trade” for “business”, wherever it occurs, and

(b)in subsection (5) the substitution for paragraph (b) of—

(b)references to a trade, in relation to the provider of the services or facilities, are to be read without regard to the definition of “trade” in section 989, and

(c)trade”, in relation to the other person, includes any business, profession or vocation.

F1(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1Sch. 2 para. 56(2) repealed (with effect in accordance with s. 1184(1) of the amending Act) by Corporation Tax Act 2010 (c. 4), s. 1184(1), Sch. 3 Pt. 1 (with Sch. 2)

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