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Income Tax (Trading and Other Income) Act 2005

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Section 885

SCHEDULE 4E+W+S+N.I.Abbreviations and defined expressions

This schedulenoteType=Explanatory Notes has no associated

Part 1 E+W+S+N.I.Abbreviations of Acts

F(No.2)A 1915The Finance (No. 2) Act 1915 (c. 89)
FA 1920The Finance Act 1920 (c. 18)
F(No.2)A 1931The Finance (No. 2) Act 1931 (c. 49)
FA 1968The Finance Act 1968 (c. 44)
TMA 1970The Taxes Management Act 1970 (c. 9)
FA 1984The Finance Act 1984 (c. 43)
IHTA 1984The Inheritance Tax Act 1984 (c. 51)
ICTAThe Income and Corporation Taxes Act 1988 (c. 1)
FA 1988The Finance Act 1988 (c. 39)
FA 1989The Finance Act 1989 (c. 26)
FA 1990The Finance Act 1990 (c. 29)
TCGA 1992The Taxation of Chargeable Gains Act 1992 (c. 12)
F(No.2)A 1992The Finance (No. 2) Act 1992 (c. 48)
FA 1993The Finance Act 1993 (c. 34)
FA 1994The Finance Act 1994 (c. 9)
VATA 1994The Value Added Tax Act 1994 (c. 23)
FA 1995The Finance Act 1995 (c. 4)
FA 1996The Finance Act 1996 (c. 8)
F(No.2)A 1997The Finance (No. 2) Act 1997 (c. 58)
FA 1998The Finance Act 1998 (c. 36)
FISMA 2000The Financial Services and Markets Act 2000 (c. 8)
FA 2000The Finance Act 2000 (c. 17)
CAA 2001The Capital Allowances Act 2001 (c. 2)
FA 2001The Finance Act 2001 (c. 9)
FA 2002The Finance Act 2002 (c. 23)
ITEPA 2003The Income Tax (Earnings and Pensions) Act 2003 (c. 1)
FA 2003The Finance Act 2003 (c. 14)
FA 2004The Finance Act 2004 (c. 12)
[F1ITA 2007The Income Tax Act 2007F1]
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Amendments (Textual)

F1Sch. 4 Pt. 1: entry inserted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 591 (with transitional provisions and savings in Sch. 2)

Part 2 E+W+S+N.I.Index of expressions defined in this Act etc.

absolute interest (for the purposes of Chapter 6 of Part 5)section 650(1)
accounting date (in Chapter 15 of Part 2)section 197
accounting periodsections 12 and 834(1) of ICTA
acquisition expenditure (in Chapter 9 of Part 2)section 130(3)
adjustment expense (in Chapter 17 of Part 2)section 228(3)
adjustment expense (in Chapter 7 of Part 3)section 330(3)
adjustment income (in Chapter 17 of Part 2)section 228(2)
adjustment income (in Chapter 7 of Part 3)section 330(2)
the administration period (in Chapter 6 of Part 5)section 653(1)
the aggregate income of the estate (for the purposes of Chapter 6 of Part 5)section 664(1)
the amount of premiums paid (in Chapter 9 of Part 4)section 545(3)
animal (in Chapter 8 of Part 2)section 112(1)
animal being added to a herd (in Chapter 8 of Part 2)section 112(6)
animals in a herd or part of a herd (for the purposes of Chapter 8 of Part 2)section 112(3) to (5)
assignment (in the application of the Act to Scotland)[F2section 1008(1) of ITA 2007F2]
assignment (of part or share in rights under a policy or contract) (in Chapter 9 of Part 4)section 505(2)
assignment (of whole of rights under a policy or contract) (in Chapter 9 of Part 4)section 505(2)
assumed income entitlement (for the purposes of Chapter 6 of Part 5)section 665(2), (3)
authorised unit trust[F3section 989 of ITA 2007F3]
averaging claim (in Chapter 16 of Part 2)section 221(1)
bank arrangement (in Chapter 4 of Part 6)section 704(4)(a)
the basic amount (in relation to estate income) (in Chapter 6 of Part 5)section 656(4)
basic rate[F4section 6(2) of ITA 2007 (as applied by section 989 of that Act)F4]
basic relieving amount by reference to a taxed receipt (in Chapter 4 of Part 3)sections 288(4), 289(2), (4)
F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
body of persons[F6section 989 of ITA 2007F6]
building society[F7section 989 of ITA 2007F7]
building society arrangement (in Chapter 4 of Part 6)section 704(5)(a)
calculation event (in Chapter 9 of Part 4)section 491(4)
capital allowance[F8section 989 of ITA 2007F8]
capital cost of patent rights (in Chapter 2 of Part 5)section 588(4)
capital redemption policy (in Chapter 9 of Part 4)section 473(2)
capital sums (in Chapter 2 of Part 5)section 608
capital sums included in the proceeds of sale (in relation to the exchange of property) (in Chapter 2 of Part 5)section 605(5)
caravansection 875
certified master version (in Chapter 9 of Part 2)section 132(3)
certified SAYE savings arrangement (in Chapter 4 of Part 6)section 703(1)
chargeable event (in Chapter 9 of Part 4)section 484
F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
charitable trust (in Chapter 9 of Part 4)section 545(1)
charity[F10section 989 of ITA 2007F10]
F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
claimsection 878(3)
close companysections 414 and 415 of ICTA
commercial letting of furnished holiday accommodation (for purposes of Chapter 6 of Part 3)sections 323 to 326
company[F12section 992 of ITA 2007F12]
company (for all purposes in the Income Tax Acts)section 863(2)(c)
connected (in the context of “connected person” or one person being “connected” with another)[F13section 993 of ITA 2007]F13(see section 878(5) of this Act)
consideration received for disposal of know-how (for purposes of Chapter 14 of Part 2)section 192(3), (4)
contract of insurance (in Chapter 9 of Part 4)section 545(1)
control F14...[F15section 995 of ITA 2007]F15(see section 878(6) of this Act)
[F16conversion of an interest-bearing corporate security into corporate strips of the security (for the purposes of Chapter 8 of Part 4)sections 452C and 452DF16]
[F17corporate strip (for the purposes of Chapter 8 of Part 4)section 452EF17]
corporation tax receipt (in Chapter 4 of Part 3)section 296(1)
coupons (in Chapter 13 of Part 4)section 571(3)
deeply discounted security (for the purposes of Chapter 8 of Part 4)sections 430 to 443(1)
deposit rights (in Chapter 11 of Part 4)section 552
discretionary interest (for the purposes of Chapter 6 of Part 5)section 650(3)
disposal of a deeply discounted security (in Chapter 8 of Part 4)section 437(1)
distribution[F18section 989 of ITA 2007F18]
the dividend ordinary rate[F19section 8(1) of ITA 2007 (as applied by section 989 of that Act)F19]
the dividend trust rate[F20section 9(2) of ITA 2007 (as applied by section 989 of that Act)F20]
the dividend upper rate[F21section 8(2) of ITA 2007 (as applied by section 989 of that Act)F21]
dividends (in Chapter 3 of Part 4)section 382(4)
dividends (in Chapter 4 of Part 4)section 402(4)
electionsection 878(3)
employment incomesection 7(2) of ITEPA 2003
estate (in Chapter 6 of Part 5)section 649(2)
estate income (in Chapter 6 of Part 5)section 649(2)
estate in land (in relation to any land in Scotland)[F22section 1008(1) of ITA 2007F22]
European authorised institution (in Chapter 4 of Part 6)section 704(6)
European authorised institution arrangement (in Chapter 4 of Part 6)section 704(6)
excess event (in Chapter 9 of Part 4)section 491(4)
excluded indexed security (in Chapter 8 of Part 4)section 433(1)
the exemption condition (in Chapter 6 of Part 6)section 713(3)
farmers (in Chapter 8 of Part 2)section 111(3)
farming[F23section 996 of ITA 2007F23]
film (in Chapter 9 of Part 2)section 131
final insurance year (in Chapter 9 of Part 4)section 499(4), (5)
the final tax year (in Chapter 6 of Part 5)section 653(3)
firmsections 847(1) and 863
firm (for all purposes in the Income Tax Acts)section 863(2)(a)
for accounting purposes[F24section 997 of ITA 2007F24]
foreign capital redemption policy (in Chapter 9 of Part 4)section 476(3)
foreign estate (in Chapter 6 of Part 5)section 651(1)
foreign holdings (in Chapter 13 of Part 4)section 571(1)
foreign institution (in Chapter 9 of Part 4)section 468(5)
foreign policy of life insurance (in Chapter 9 of Part 4)section 476(3)
forestry[F25section 996(3) of ITA 2007F25]
foster-care receipts (in Chapter 2 of Part 7)section 805
foster-care relief (in Chapter 2 of Part 7)section 803(1)
FOTRA security (in Chapter 6 of Part 6)section 713(2)
friendly society (in Chapter 9 of Part 4)section 545(1)
future (in Chapter 12 of Part 4)section 558(1)
generally accepted accounting practice[F26section 997 of ITA 2007F26]
generating income from land (in Chapter 3 of Part 3)sections 266 and 267
gilt-edged securitysection 153(1)
grossing up[F27section 998 of ITA 2007F27]
group life policy (in Chapter 9 of Part 4)section 480(2)
herd (in Chapter 8 of Part 2)section 112(1)
herd basis election (in Chapter 8 of Part 2)section 111(1)
herd basis rules (in Chapter 8 of Part 2)section 111(2)
higher rate[F28section 6(2) of ITA 2007 (as applied by section 989 of that Act)F28]
houseboatsection 878(1)
incomesection 878(1)
income arising under a settlement (in Chapter 5 of Part 5)section 648
income arising under the settlement (in relation to a settlor) (in Chapter 5 of Part 5)section 644(3)(b)
income period (in Chapter 2 of Part 7)section 805(2) and (3)
individual's limit (in Chapter 1 of Part 7)section 789
individual's limit (in Chapter 2 of Part 7)section 808
F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F29. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
institutional arrangement (in Chapter 4 of Part 6)section 704(3)
insurance company (in Chapter 9 of Part 4)section 545(1)
insurance year (in Chapter 9 of Part 4)section 499(1), (3), (5)
F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F30. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
interest (in Chapter 4 of Part 6)section 702(4)
international accounting standards[F31section 997 of ITA 2007F31]
[F32interest-bearing corporate security (for the purposes of Chapter 8 of Part 4)section 452BF32]
investment plan regulations (in Chapter 3 of Part 6)section 694(2)
F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F33. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
keeping a production herd (in Chapter 8 of Part 2)section 111(4)
know-how (in Chapter 14 of Part 2)section 192(1), (2)
know-how (in Chapter 2 of Part 5)section 583(4), (5)
lease (in Part 3)section 364(1)
letting (in Chapter 1 of Part 7)section 802
life annuity (in Chapter 9 of Part 4)section 473(2)
limited interest (for the purposes of Chapter 6 of Part 5)section 650(2)
linked savings arrangement (in Chapter 4 of Part 6)section 703(2)
local authority[F34section 999 of ITA 2007F34]
F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
market gardening[F36section 996(5) of ITA 2007F36]
market value (in Chapter 8 of Part 4)section 460(3)
market value (in Chapter 9 of Part 4)section 545(1)
mature (in relation to female animals) (for the purposes of Chapter 8 of Part 2)section 113(5)
members of a company (for all purposes in the Tax Acts)section 863(2)(d)
members of a firm (for all purposes in the Income Tax Acts)section 863(2)(b)
mineral lease or agreement (in Chapter 8 of Part 3)section 341(1)
mineral royalties (in Chapter 8 of Part 3)sections 341(2), 342, 343
mortgage (in the application of the Act to Scotland)section 879(1)
national savings arrangement (in Chapter 4 of Part 6)section 704(2)
non-charitable trust (in Chapter 9 of Part 4)section 545(1)
non-trade business (in Chapter 3 of Part 5)section 609(1)
non-UK resident (and references to a non-UK resident or a non-UK resident person)[F37section 989 of ITA 2007F37]
normal self-assessment filing date[F38section 989 of ITA 2007F38]
notice[F39section 989 of ITA 2007F39]
oil and gas exploration and appraisal[F40section 1003 of ITA 2007F40]
option (in Chapter 12 of Part 4)section 558(2)
ordinary share capital[F41section 989 of ITA 2007F41]
original master version (in Chapter 9 of Part 2)section 132(1), (2)
overlap period (in Chapter 15 of Part 2)section 204
overlap profit (in Chapter 15 of Part 2)section 204
overseas life assurance business (in Chapter 9 of Part 4)section 476(3)
overseas property businessChapter 2 of Part 3
overseas property income (in Chapter 11 of Part 3)section 358
part surrender or assignment event (in Chapter 9 of Part 4)section 491(4)
patent rights (in Chapter 2 of Part 5)section 587(4)
period of account[F42section 989 of ITA 2007F42]
permanent establishment[F43section 148 of FA 2003 (as applied by section 989 of ITA 2007)F43]
person to whom the remittance basis appliessection 878(2)
person creating trusts (for the purposes of Chapter 9 of Part 4)section 465(6)
personal portfolio bond (in Chapter 9 of Part 4)sections 516, 517
personal portfolio bond event (in Chapter 9 of Part 4)section 491(4)
personal representatives[F44section 989 of ITA 2007F44]
plan managers (in Chapter 3 of Part 6)section 696(2)
policy (in Chapter 9 of Part 4)section 545(1)
post-cessation receipt (in Part 2)sections 246 and 247
post-cessation receipt (in Chapter 10 of Part 3)sections 353 and 354
preliminary expenditure (in Chapter 9 of Part 2)section 130(6)
premises (in Part 3)section 364(2)
premium (in Chapter 4 of Part 3)section 307(1), (3)
premium (in Chapter 9 of Part 4)section 545(2)
the price (in relation to the exchange of know-how) (in Chapter 14 of Part 2)section 192(6)
the price (in relation to the exchange of property) (in Chapter 2 of Part 5)section 605(4)
proceeds of sale (in relation to the exchange of know-how) (in Chapter 14 of Part 2)section 192(6)
proceeds of sale (in relation to the exchange of property) (in Chapter 2 of Part 5)section 605(4)
production expenditure (in Chapter 9 of Part 2)section 130(2)
production herd (in Chapter 8 of Part 2)section 112(1), (2)
production herd (of the same class) (for the purposes of Chapter 8 of Part 2)section 113(2)
profits from a trade, profession or vocation (for the purposes of Chapter 16 of Part 2)section 221(4), (5)
profits or gains[F45section 989 of ITA 2007F45]
any prohibitive rule (in Chapter 9 of Part 2)section 130(7)
property businesssection 263(6)
property comprised in a settlement (in relation to a settlor) (in Chapter 5 of Part 5)section 644(3)(a)
property or rights held on trust or on trusts (in the application of the Act to Scotland)[F46section 1008(2) of ITA 2007F46]
provider (in relation to a bank arrangement) (in Chapter 4 of Part 6)section 704(4)(b)
provider (in relation to a building society arrangement) (in Chapter 4 of Part 6)section 704(5)(b)
provider (in relation to a European authorised institution arrangement) (in Chapter 4 of Part 6)section 704(6)
provides foster care (and related expressions) (in Chapter 2 of Part 7)section 806
public body (in Chapter 2 of Part 5)section 603(2)
purchased life annuity (in Chapter 7 of Part 4)section 423
qualifying distribution[F47section 989 of ITA 2007F47]
qualifying policy[F48section 989 of ITA 2007F48]
qualifying trade, profession or vocation (in Chapter 16 of Part 2)section 221(2)
F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .F49. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
receipt period (of a receipt) (for the purposes of Chapter 4 of Part 3)sections 288(6), 296(3)
receipts and expenses (in the context of the calculation of the profits of a trade, profession or vocation or of a property business) (in the Income Tax Acts)section 27 (including as applied by section 272)
recognised futures exchangesection 558(3)
recognised stock exchange[F50section 1005 of ITA 2007F50]
reduction under section 288 by reference to a taxed receipt (in Chapter 4 of Part 3)section 290(6)
reduction under section 37(2) or (3) of ICTA by reference to an amount chargeable on the superior interest (in Chapter 4 of Part 3)section 297(2)
registered pension scheme[F51section 150(2) of FA 2004 (as applied by section 989 of ITA 2007)F51]
related (in relation to a policy) (in Chapter 9 of Part 4)section 491(6)
related transactions (in Chapter 12 of Part 4)section 566
relevant allowance (in Chapter 1 of Part 7)section 802
relevant balancing charge (in Chapter 1 of Part 7)section 802
relevant foreign incomesection 830
relevant period (in Chapter 9 of Part 2)section 133
the relevant profits (in Chapter 16 of Part 2)section 221(1), (4), (5)
relevant telecommunication right (in Chapter 10 of Part 2)section 146
rent receivable for a UK electric-line wayleave (in Chapter 9 of Part 3)section 345
rent receivable in connection with a UK section 12(4) concern (in Chapter 8 of Part 3)section 336
rent (in Chapter 8 of Part 3)section 336(3)
rent (in Chapter 9 of Part 3)section 345(3)
rent-a-room receipts (in Chapter 1 of Part 7)section 786
rent-a-room relief (in Chapter 1 of Part 7)section 784
residence (in Chapter 1 of Part 7)section 787
the residuary income of the estate (for the purposes of Chapter 6 of Part 5)section 666(1)
retail prices index[F52section 989 of ITA 2007F52]
return from one or more disposals (in Chapter 12 of Part 4)section 561(1)
reversion (in the application of Chapter 4 of Part 3 to Scotland)section 307(3)
sale of an animal (for the purposes of Chapter 8 of Part 2)section 113(3)
sale of know-how (for purposes of Chapter 14 of Part 2)sections 192(5)
sale of property (in Chapter 2 of Part 5)sections 605(1), 606(1)
sale or transfer of trading stock (in Chapter 12 of Part 2)section 174(3)
sale proceeds of an animal (for the purposes of Chapter 8 of Part 2)section 113(4)
[F53savings ratesection 18 of ITA 2007 (as applied by section 989 of that Act)F53]
Schedule A business[F54section 989 of ITA 2007F54]
settlement (in Chapter 5 of Part 5)section 620
settlor (in Chapter 5 of Part 5)section 620(1)
settlor (for the purposes of Chapter 9 of Part 4)section 465(6)
share (in Chapter 8 of Part 4)section 460(1)
share of residuary income of estate (for the purposes of Chapter 6 of Part 5)section 667
short-term lease (in Chapter 4 of Part 3)section 276(6)
starting rate[F55section 6(2) of ITA 2007 (as applied by section 989 of that Act)F55]
statutory insolvency arrangement (in Part 2)section 259
[F56stepchild[F57section 246 of the Civil Partnership Act 2004 (as applied by section 989 of ITA 2007)F57]]
F56stock dividend income (in Chapter 5 of Part 4)section 409(2)
strip (in Chapter 8 of Part 4)section 444
substantial part of a herd (for purposes of Chapter 8 of Part 2)section 113(6)
surrender (in the application of the Act to Scotland)[F58section 1008(1) of ITA 2007F58]
tax advantage (in Chapter 8 of Part 4)section 460(2)
tax year[F59section 4(2) of ITA 2007 (as applied by section 989 of that Act)F59]
the tax year 2005-06 etc.[F60section 4(4) of ITA 2007 (as applied by section 989 of that Act)F60]
taxed lease (in Chapter 4 of Part 3)section 287(4)
taxed receipt (in Chapter 4 of Part 3)section 287(4)
taxpayer (in Chapter 16 of Part 2)section 221(1)
total income[F61section 23 of ITA 2007 (as applied by section 989 of that Act)F61]
total foster-care receipts (in Chapter 2 of Part 7)section 807
total rent-a-room amount (in Chapter 1 of Part 7)section 788
trade[F62section 989 of ITA 2007F62]
trading stock (in relation to a trade) (in Chapter 12 of Part 2)section 174
transfer of work in progress (in Chapter 12 of Part 2)section 183(2)
[F63trust ratesection 9(1) of ITA 2007 (as applied by section 989 of that Act)F63]
trusts an individual created (for the purposes of Chapter 9 of Part 4)section 465(6)
UK estate (in Chapter 6 of Part 5)section 651(1)
UK property businessChapter 2 of Part 3
UK resident (and references to a UK resident or a UK resident person)[F64section 989 of ITA 2007F64]
Ulster Savings Certificatessection 693(7)
unit holder[F65section 989 of ITA 2007F65]
unit trust scheme[F66section 1007 of ITA 2007F66]
United Kingdom[F67section 1013 of ITA 2007F67]
unreduced amount (of a taxed receipt) (in Chapter 4 of Part 3)sections 290(2) to (4), 296(4) to (6)
unused amount (of a taxed receipt) (for the purposes of Chapter 4 of Part 3)section 290(1), (5)
venture capital trust[F68section 989 of ITA 2007F68]
within the charge to tax[F69section 1009 of ITA 2007F69]
woodlands[F70section 996(4) of ITA 2007F70]
work in progress (in Chapter 12 of Part 2)section 183(1)
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Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.

Amendments (Textual)

F2Sch. 4 Pt. 2 Table: words in entry relating to "assignment (in the application of the Act to Scotland)" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(2) (with transitional provisions and savings in Sch. 2)

F3Sch. 4 Pt. 2 Table: words in entry relating to "authorised unit trust" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(3) (with transitional provisions and savings in Sch. 2)

F4Sch. 4 Pt. 2 Table: words in entry relating to "basic rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(4) (with transitional provisions and savings in Sch. 2)

F5Sch. 4 Pt. 2 Table: entry relating to "the Board of Inland Revenue" repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 52, 53(1), Sch. 4 para. 134(2), Sch. 5

F6Sch. 4 Pt. 2 Table: words in entry relating to "body of persons" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(5) (with transitional provisions and savings in Sch. 2)

F7Sch. 4 Pt. 2 Table: words in entry relating to "building society" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(6) (with transitional provisions and savings in Sch. 2)

F8Sch. 4 Pt. 2 Table: words in entry relating to "capital allowance" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(7) (with transitional provisions and savings in Sch. 2)

F9Sch. 4 Pt. 2 Table: entry relating to "chargeable period" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(8), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F10Sch. 4 Pt. 2 Table: words in entry relating to "charity" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(9) (with transitional provisions and savings in Sch. 2)

F11Sch. 4 Pt. 2 Table: entry relating to "child" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(10), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F12Sch. 4 Pt. 2 Table: words in entry relating to "company" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(11) (with transitional provisions and savings in Sch. 2)

F13Sch. 4 Pt. 2 Table: words in entry relating to "connected" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(12) (with transitional provisions and savings in Sch. 2)

F14Sch. 4 Pt. 2 Table: words in entry relating to "control" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(13)(a), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F15Sch. 4 Pt. 2 Table: words in entry relating to "control" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(13)(b) (with transitional provisions and savings in Sch. 2)

F16Sch. 4 Pt. 2 Table: entry relating to ss. 452C and 452D inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(9)(10)

F17Sch. 4 Pt. 2 Table:.entry relating to s. 452E inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(9)(10)

F18Sch. 4 Pt. 2 Table: words in entry relating to "distribution" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(14) (with transitional provisions and savings in Sch. 2)

F19Sch. 4 Pt. 2 Table: words in entry relating to "the dividend ordinary rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(15) (with transitional provisions and savings in Sch. 2)

F20Sch. 4 Pt. 2 Table: words in entry relating to "the dividend trust rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(16) (with transitional provisions and savings in Sch. 2)

F21Sch. 4 Pt. 2 Table: words in entry relating to "the dividend upper rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(17) (with transitional provisions and savings in Sch. 2)

F22Sch. 4 Pt. 2 Table: words in entry relating to "estate in land (in relation to any land in Scotland)" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(18) (with transitional provisions and savings in Sch. 2)

F23Sch. 4 Pt. 2 Table: words in entry relating to "farming" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(19) (with transitional provisions and savings in Sch. 2)

F24Sch. 4 Pt. 2 Table: words in entry relating to "for accounting purposes" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(20) (with transitional provisions and savings in Sch. 2)

F25Sch. 4 Pt. 2 Table: words in entry relating to "forestry" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(21) (with transitional provisions and savings in Sch. 2)

F26Sch. 4 Pt. 2 Table: words in entry relating to "generally accepted accounting practice" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(22) (with transitional provisions and savings in Sch. 2)

F27Sch. 4 Pt. 2 Table: words in entry relating to "grossing up" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(23) (with transitional provisions and savings in Sch. 2)

F28Sch. 4 Pt. 2 Table: words in entry relating to "higher rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(24) (with transitional provisions and savings in Sch. 2)

F29Sch. 4 Pt. 2 Table: entry relating to "the Inland Revenue" repealed (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), ss. 50, 52, 53(1), Sch. 4 para. 134(2), Sch. 5

F30Sch. 4 Pt. 2 Table: entry relating to "interest" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(25), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F31Sch. 4 Pt. 2 Table: words in entry relating to "international accounting standards" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(26) (with transitional provisions and savings in Sch. 2)

F32Sch. 4 Pt. 2 Table: entry relating to s. 452B inserted (retrospectively) by Finance (No. 2) Act 2005 (c. 22), s. 39, Sch. 7 para. 25(9)(10)

F33Sch. 4 Pt. 2 Table: entry relating to "investment trust" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(27), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F34Sch. 4 Pt. 2 Table: words in entry relating to "local authority" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(28) (with transitional provisions and savings in Sch. 2)

F35Sch. 4 Pt. 2 Table: entry relating to "lower rate" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(29), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F36Sch. 4 Pt. 2 Table: words in entry relating to "market gardening" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(30) (with transitional provisions and savings in Sch. 2)

F37Sch. 4 Pt. 2 Table: words in entry relating to "non-UK resident" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(31) (with transitional provisions and savings in Sch. 2)

F38Sch. 4 Pt. 2 Table: words in entry relating to "normal self-assessment filing date" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(32) (with transitional provisions and savings in Sch. 2)

F39Sch. 4 Pt. 2 Table: words in entry relating to "notice" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(33) (with transitional provisions and savings in Sch. 2)

F40Sch. 4 Pt. 2 Table: words in entry relating to "oil and gas exploration and appraisal" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(34) (with transitional provisions and savings in Sch. 2)

F41Sch. 4 Pt. 2 Table: words in entry relating to "ordinary share capital" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(35) (with transitional provisions and savings in Sch. 2)

F42Sch. 4 Pt. 2 Table: words in entry relating to "period of account" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(36) (with transitional provisions and savings in Sch. 2)

F43Sch. 4 Pt. 2 Table: words in entry relating to "permanent establishment" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(37) (with transitional provisions and savings in Sch. 2)

F44Sch. 4 Pt. 2 Table: words in entry relating to "personal representatives" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(38) (with transitional provisions and savings in Sch. 2)

F45Sch. 4 Pt. 2 Table: words in entry relating to "profits or gains" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(39) (with transitional provisions and savings in Sch. 2)

F46Sch. 4 Pt. 2 Table: words in entry relating to "property or rights held on trust or on trusts (in the application of the Act to Scotland)" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(40) (with transitional provisions and savings in Sch. 2)

F47Sch. 4 Pt. 2 Table: words in entry relating to "qualifying distribution" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(41) (with transitional provisions and savings in Sch. 2)

F48Sch. 4 Pt. 2 Table: words in entry relating to "qualifying policy" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(42) (with transitional provisions and savings in Sch. 2)

F49Sch. 4 Pt. 2 Table: entry relating to "the rate applicable to trusts" repealed (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1031, 1034, Sch. 1 para. 592(43), Sch. 3 Pt. 1 (with transitional provisions and savings in Sch. 2)

F50Sch. 4 Pt. 2 Table: words in entry relating to "recognised stock exchange" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(44) (with transitional provisions and savings in Sch. 2)

F51Sch. 4 Pt. 2 Table: words in entry relating to "registered pension scheme" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(45) (with transitional provisions and savings in Sch. 2)

F52Sch. 4 Pt. 2 Table: words in entry relating to "retail prices index" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(46) (with transitional provisions and savings in Sch. 2)

F53Sch. 4 Pt. 2 Table: entry relating to "savings rate" inserted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(47) (with transitional provisions and savings in Sch. 2)

F54Sch. 4 Pt. 2 Table: words in entry relating to "Schedule A business" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(48) (with transitional provisions and savings in Sch. 2)

F55Sch. 4 Pt. 2 Table: words in entry relating to "starting rate" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(49) (with transitional provisions and savings in Sch. 2)

F56Sch. 4 Pt. 2 Table: entry relating to "stepchild" inserted (5.12.2005) by The Tax and Civil Partnership Regulations 2005 (S.I. 2005/3229), regs. 1, 200

F57Sch. 4 Pt. 2 Table: words in entry relating to "stepchild" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act), by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(50) (with transitional provisions and savings in Sch. 2)

F58Sch. 4 Pt. 2 Table: words in entry relating to "surrender (in the application of the Act to Scotland)" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(51) (with transitional provisions and savings in Sch. 2)

F59Sch. 4 Pt. 2 Table: words in entry relating to "tax year" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(52) (with transitional provisions and savings in Sch. 2)

F60Sch. 4 Pt. 2 Table: words in entry relating to "the tax year 2005-06 etc" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(53) (with transitional provisions and savings in Sch. 2)

F61Sch. 4 Pt. 2 Table: words in entry relating to "total income" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(54) (with transitional provisions and savings in Sch. 2)

F62Sch. 4 Pt. 2 Table: words in entry relating to "trade" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(55) (with transitional provisions and savings in Sch. 2)

F63Sch. 4 Pt. 2 Table: entry relating to "trust rate" inserted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(56) (with transitional provisions and savings in Sch. 2)

F64Sch. 4 Pt. 2 Table: words in entry relating to "UK resident" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(57) (with transitional provisions and savings in Sch. 2)

F65Sch. 4 Pt. 2 Table: words in entry relating to "unit holder" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(58) (with transitional provisions and savings in Sch. 2)

F66Sch. 4 Pt. 2 Table: words in entry relating to "unit trust scheme" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(59) (with transitional provisions and savings in Sch. 2)

F67Sch. 4 Pt. 2 Table: words in entry relating to "United Kingdom" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(60) (with transitional provisions and savings in Sch. 2)

F68Sch. 4 Pt. 2 Table: words in entry relating to "venture capital trust" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(61) (with transitional provisions and savings in Sch. 2)

F69Sch. 4 Pt. 2 Table: words in entry relating to "within the charge to tax" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(62) (with transitional provisions and savings in Sch. 2)

F70Sch. 4 Pt. 2 Table: words in entry relating to "woodlands" substituted (6.4.2007 with effect as stated in s. 1034(1) of the amending Act) by Income Tax Act 2007 (c. 3), ss. 1027, 1034, Sch. 1 para. 592(63) (with transitional provisions and savings in Sch. 2)

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