Income Tax (Trading and Other Income) Act 2005

67 (1) Amend section 91 (cemeteries) as follows.

(2) In subsection (1)—

(a) after “computing” insert “for corporation tax purposes”, and

(b) for “the person” substitute “the company”.

(3) In subsection (2) for “the person” substitute “the company”.

(4) In subsection (4)(a)(i)—

(a) after “above” insert “, or under section 170(2)(b) of ITTOIA 2005 (relief for income tax purposes)”, and

(b) after “computing” insert “for tax purposes”.

(5) In subsection (4)(a)(ii)—

(a) for “the person” substitute “the company”, and

(b) for “him” substitute “it”.

(6) In subsection (5)—

(a) for “the persons carrying on the trade after the change” substitute “the company carrying on the trade after the change”,

(b) for “they” substitute “the company”,

(c) for “their” substitute “its”, and

(d) for “them” substitute “it”.

(7) For subsection (6) substitute—

“(6) No expenditure shall be taken into account—

(a) under both paragraphs (a) and (b) of subsection (1) above, or

(b) under both subsection (1)(a) above and section 170(2)(b) of ITTOIA 2005 or under both subsection (1)(b) above and section 170(2)(a) of ITTOIA 2005,

whether for the same or different periods.”