This section has no associated Explanatory Notes
539(1)Amend Schedule 18 (relief for community amateur sports clubs) as follows.U.K.
(2)In paragraph 4(4) for the words from “means” to the end substitute “profits that (apart from this paragraph) are chargeable under Chapter 2 of Part 3 of CTA 2009 and are—
(a)means profits of a trade carried on wholly or partly in the United Kingdom, or
(b)profits of an activity other than a trade.”
(3)In paragraph 5(3)(a) for the words from “on” to the end substitute “ which (apart from this paragraph) would be required to be brought into account under Part 5 of the Corporation Tax Act 2009 (loan relationships) as a non-trading credit of the club; ”.
(4)Omit paragraph 9(3)(a).