Finance Act 1985 (c. 54)

SCHEDULES

SCHEDULE 25 U.K. Abolition of Development Land Tax and Tax on Development Gains

Part II U.K. Consequential Amendments

The Taxes Management Act 1970 U.K.

4 U.K. In section 38 of the M1 Taxes Management Act 1970 (modification of section 37 in relation to partnerships) in subsection (3) for the words “subsections (3A) and (5)” (which were substituted by paragraph 8 of Schedule 8 to the M2 Development Land Tax Act 1976) there shall be substituted “subsection (5)”.

Marginal Citations

M1 1970 c. 9.

M2 1976 c. 24.

5 U.K. In section 40 of that Act (assessment on personal representatives) in subsection (3) for the words “subsections (1) and (2) above” (which were substituted by paragraph 9(1) of Schedule 8 to the said Act of 1976) there shall be substituted “this section”.

6 U.K. In section 70 of that Act (evidence) in subsection (2) for the words “86A or 87” (which were substituted by section 115 of the Finance Act M3 1980) there shall be substituted “or 87”.

Marginal Citations

M3 1980 c. 48.

The Taxes Act U.K.

7—9. U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

Textual Amendments

F1 Ss. 34–49, 73–77, Schs. 9–13, 18, 22, 23, 25 paras. 7–9 repealed by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 31

The Finance Act 1981 U.K.

10 U.K. In section 135 of the M4 Finance Act 1981 (Chevening estate) in subsection (1) for the words “capital transfer tax and development land tax” there shall be substituted “and capital transfer tax”.

Marginal Citations

M4 1981 c. 35.