SCHEDULES
SCHEDULE 5 Rent and other receipts from land
I1Part III Minor and consequential amendments
Annotations:
Commencement Information
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).
Sch. 5 Pts. I-III in force and has effect as mentioned in s. 38.