Amend section 356 (application to Schedule A businesses) as follows.

In subsection (1) for “a Schedule A business” substitute “ one within the charge to corporation tax ”.

In subsection (2) for the words from “includes” to the end substitute “ includes, in the case of a company, the occurrence of an event treated under section 289 of CTA 2009 (company starting or ceasing to be within the charge to corporation tax) as the company permanently ceasing to carry on the business. ”

In subsection (3) for “Schedule A business” substitute “ UK property business ”.

In the title for “Schedule A businesses” substitute “ businesses within the charge to corporation tax ”.