SCHEDULES

SCHEDULE 39Repeal of miscellaneous reliefs etc

PART 3Payments relating to reductions in pool betting duty

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1

Section 126 of FA 1990 (capital allowances and IHT: pools payments for football ground improvements) is repealed.

2

Accordingly, the following are also repealed—

a

paragraph 72 of Schedule 2 to CAA 2001;

b

paragraph 416 of Schedule 1 to ITTOIA 2005.

3

The repeals made by this paragraph—

a

for corporation tax purposes, have effect in relation to payments made on or after 1 April 2013,

b

for income tax purposes, have effect in relation to payments made on or after 6 April 2013, and

c

for inheritance tax purposes, come into force on 6 April 2013 (and have effect in relation to payments whenever made).