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Income Tax (Trading and Other Income) Act 2005
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- UK Public General Acts
- 2005 c. 5
- SCHEDULE 1
- Part 1
- Paragraph 154
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154(1)Amend section 368 (exclusion of double relief etc) as follows.
(2)In subsection (3) for “for the purposes of Schedule A or Case I or II of Schedule D” substitute “of any trade, profession or vocation, or of any UK property business or overseas property business,”.
(3)Omit subsection (4).
(4)In subsection (5)—
(a)for “subsections (3) and (4)” substitute “subsection (3)”, and
(b)for “those subsections” substitute “that subsection”.
(5)For subsection (6) substitute—
“(6)Any reference in subsection (3) above to an amount taken into account is a reference to an amount taken into account in an assessment which has been finally determined.”
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