Corporation Tax Act 2009

Finance Act 2008 (c. 9) U.K.

728 U.K. The Finance Act 2008 is amended as follows.

729 U.K. Omit section 29 (cap on R&D aid).

730 U.K. Omit section 36(1) (company gains from investment life insurance contracts etc).

731 U.K. In section 77(6), in the words after paragraph (b) for “section 578A of ICTA and section 50 of ITTOIA 2005 apply” substitute “ section 50 of ITTOIA 2005 applies ”.

732 U.K. In section 154(6) (stamp duty and stamp duty reserve tax: alternative investment bonds) after “2005” insert “ or section 507 of CTA 2009 ”.

733 U.K. In section 165(1) (interpretation) after the definition of “CRCA 2005” insert—

““CTA 2009” means the Corporation Tax Act 2009,”.

734 U.K. In Schedule 10 (cap on R&D aid), omit paragraphs 1 to 7.

735 U.K. Omit Schedule 13 (company gains from investment life insurance contracts).

736 U.K. In Schedule 15 (changes in trading stock), omit Part 2.

737 U.K. In Schedule 25 (first-year tax credits)—

(a) in paragraph 14(6)(b) for “paragraph 4(4) of Schedule 11 to FA 1996” substitute “ section 391(3)(b) of CTA 2009 ”, and

(b) in paragraph 16(3)(b) for “paragraph 4(4) of Schedule 11 to FA 1996” substitute “ section 391(3)(b) of CTA 2009 ”.