Amendments to the Income and Corporation Taxes Act 19882.

(1)

The Income and Corporation Taxes Act 19882 is amended as follows.

(2)

In sections 289(9)(d)3, 291B(10)4, 293(8AA)5 and 308(2)(d) for “840” substitute “995 of ITA 2007”.

(3)

In section 298(3) for “so much of the definition of “trade” in section 832(1) as relates to adventures or concerns in the nature of trade” substitute “section 989 of ITA 2007 (which defines “trade” as including any venture in the nature of trade)”.

(4)

In section 312(1)6, in the definition of “research and development”, for “837A” substitute “1006 of ITA 2007”.

(5)

In section 312(2)7 for “839” substitute “993 of ITA 2007”.