SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
120
(1)
Amend section 403ZD (other amounts available by way of group relief) as follows.
(2)
In subsection (1) for “Schedule A losses” substitute “UK property business losses”.
(3)
In subsection (3)—
(a)
for “Schedule A loss” substitute “UK property business loss”, and
(b)
for “Schedule A business” substitute “UK property business”.
(4)
In subsection (4)—
(a)
for “section 75(1) (expenses of management of a company with investment business)” substitute “section 1219 of CTA 2009 (expenses of management of a company’s investment business)”, and
(b)
for “section 75(9) or 392A” substitute “section 392A above or section 1223(3) of CTA 2009”.
(5)
In subsection (6) for “Schedule 29 to the Finance Act 2002” and “paragraph 35(3) of that Schedule” substitute “Part 8 of CTA 2009 (intangible fixed assets)” and “section 753(3) of that Act” respectively.