SCHEDULES

SCHEDULE 39Repeal of miscellaneous reliefs etc

PART 5Capital allowances

Flat conversion allowances

40

1

The amendments made by paragraphs 37 to 39 have effect—

a

for corporation tax purposes, in relation to chargeable periods beginning on or after 1 April 2013, and

b

for income tax purposes, in relation to chargeable periods beginning on or after 6 April 2013.

2

But see also—

a

paragraph 41 (which deals with the case of a company's chargeable period for corporation tax purposes straddling 1 April 2013), and

b

paragraph 42 (which saves the continued operation of certain provisions).