Part 12 Relocation of Schedule 12 to F(No 2)A 1992 so Far as Applying for Income Tax Purposes
Taxation (International and Other Provisions) Act 2010 (2010 c 8) | Legislation

Part 12 Relocation of Schedule 12 to F(No 2)A 1992 so Far as Applying for Income Tax Purposes

Finance (No 2) Act 1992 (c 48)

63

F(No 2)A 1992 is amended as follows.

64

Omit section 66 (which introduces Schedule 12).

65

Omit Schedule 12 (banks etc in compulsory liquidation).

Income Tax (Trading and Other Income) Act 2005 (c 5)

66

ITTOIA 2005 is amended as follows.

67

In section 369 (charge to tax on interest) after subsection (4) insert—

“(5)     See also Chapter 3A of Part 14 of ITA 2007 (which provides for the receipts of certain types of company being wound up to be charged to income tax under that Chapter instead of under any other provision that would otherwise apply).â€

Income Tax Act 2007 (c 3)

68

ITA 2007 is amended as follows.

69

In section 2(14) (overview of Act: Part 14) after paragraph (c) insert

“, and

(d)     imposition of the charge to income tax on the receipts of certain types of company being wound up (Chapter 3A).â€

70

In section 3(2) (overview of charges to income tax)—

(a)     omit the “and†immediately before paragraph (e), and

(b)

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