SCHEDULES

SCHEDULE 5 Rent and other receipts from land

I1Part III Minor and consequential amendments

Annotations:
Commencement Information
I1

Sch. 5 Pts. I-III in force and has effect as mentioned in s. 38.

Income and Corporation Taxes Act 1988 (c.1)

37

1

Section 404 of the Taxes Act 1988 (limitation of group relief in relation to dual resident investment companies) is amended as follows.

2

In subsection (2), for paragraph (a) substitute—

a

in which the trading loss or Schedule A loss is incurred; or

aa

in which the non-trading deficit on the company’s loan relationships arises; or

3

In subsection (6), omit paragraph (c).