Finance Act 2009

ITTOIA 2005 U.K.

19 U.K. ITTOIA 2005 is amended as follows.

20 U.K. In section 640(6)(b) (grossing-up of deemed income)—

(a) omit the “and” at the end of sub-paragraph (i), and

(b) insert at the end “up to and including the year 2009-2010, and

(iii) 50%, if the relevant tax year is the year 2010-2011 or any subsequent tax year.”

F1 21 U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Textual Amendments

F1 Sch. 2 para. 21 omitted (with effect in accordance with s. 4(18) of the amending Act) by virtue of Finance Act 2016 (c. 24), s. 4(14)(c)

22 U.K. In section 685A(3) (settlor-interested settlements), for “higher rate” substitute “ additional rate ”.

23 (1) Part 2 of Schedule 4 (index of defined expressions) is amended as follows. U.K.

(2) After the entry relating to “acquisition expenditure (in Chapter 9 of Part 2)” insert—

“additional rate

section 6(2) of ITA 2007 (as applied by section 989 of that Act).”

(3) After the entry relating to “distribution” insert—

“the dividend additional rate

section 8(3) of ITA 2007 (as applied by section 989 of that Act).”