Income Tax (Trading and Other Income) Act 2005

Commercial letting of furnished holiday accommodation

74 (1) Subject to sub-paragraph (4), Chapter 6 of Part 3 applies before 6th April 2006 with the following amendments.

(2) In section 322(2)—

(a) after paragraph (b) insert—

“(ba) section 623(2)(c) or 644(2)(c) of ICTA (income regarded as relevant earnings for pension purposes: see section 504A of that Act),”,

(b) at the end of paragraph (d) insert “and”, and

(c) omit paragraph (f) and the word “and” before it.

(3) In section 328(2)—

(a) before paragraph (a) insert—

“(aa) income regarded as relevant earnings for pension purposes under section 623(2)(c) or 644(2)(c) of ICTA, or”, and

(b) omit paragraph (b) and the word “or” before it.

(4) The power of the Treasury to make an order under section 281 or 283 of FA 2004 has effect as if Schedule 35 to that Act contained amendments substituting sections 322(2) and 328(2) of this Act for those subsections as amended by sub-paragraphs (2) and (3) above.