SCHEDULES

SCHEDULE 2Transitionals and savings

Part 1General provisions

Continuity of the law: general

4

1

Any reference (express or implied) in this Act, another enactment or an instrument or document to a rewritten provision is to be read as including, in relation to times, circumstances or purposes in relation to which any corresponding superseded enactment had effect for relevant tax purposes, a reference to the superseded enactment so far as applying for those relevant tax purposes.

2

In particular, any reference (express or implied) in this Act, another enactment or an instrument or document to—

a

the profits of a UK property business, or

b

similar concepts created by this Act,

is to be read as including, in relation to times, circumstances or purposes in relation to which any corresponding concept in a superseded enactment had effect for corporation tax purposes, a reference to that concept so far as applying for corporation tax purposes.

3

Any reference (express or implied) in this Act, another enactment or an instrument or document to—

a

things done under or for the purposes of a rewritten provision, or

b

things falling to be done under or for the purposes of a rewritten provision,

is to be read as including, in relation to times, circumstances or purposes in relation to which any corresponding superseded enactment had effect for relevant tax purposes, a reference to things done or falling to be done under or for the purposes of the superseded enactment so far as applying for those relevant tax purposes.