Schedules

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Taxation of Chargeable Gains Act 1992

242

1

Amend section 170 (interpretation) as follows.

2

In subsection (2)(c) for “the definition of “75 per cent subsidiary” in section 838 of the Taxes Act” substitute “ section 1154(3) of CTA 2010 (meaning of “75% subsidiary)” >.

3

In subsection (6)(d) for “section 838(1)(a) of the Taxes Act” substitute “ section 1154(2) of CTA 2010 ”.

4

For subsection (8) substitute—

8

Chapter 6 of Part 5 of CTA 2010 (group relief: equity holders and profits or assets available for distribution) applies for the purposes of subsections (6) and (7) as if—

a

references to section 151(4)(a) and (b) of that Act were references to subsections (6) and (7) above, and

b

sections 171(1)(b) and (3), 173, 174 and 176 to 178 of that Act were omitted.