SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

574Capital Allowances Act 2001 (c. 2)

1

Amend Schedule 1 (abbreviations and defined expressions) as follows.

2

In Part 1 in the appropriate place insert—

ITTOIA 2005

The Income Tax (Trading and Other Income) Act 2005

3

In Part 2—

a

in the entry for “ordinary Schedule A business” for “Schedule A” substitute “property”,

b

in the entry for “overseas property business” for “65A(4), 70A(4) and 832(1) of ICTA” substitute “70A(4) and 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005”, and

c

in the appropriate place insert—

UK property business

section 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005