Finance Act 2015 (c. 11)

SCHEDULES

SCHEDULE 6 U.K. Investment reliefs: excluded activities

PART 4 U.K. Further amendments of Parts 5 to 6 of ITA 2007

Parts 5 and 6: certain community-based activities to be excluded activities U.K.

10 (1) Part 5 of ITA 2007 is further amended as follows. U.K.

(2) In section 198A—

(a) omit subsections (5) and (6) (exception for community-based generation), and

(b) in subsection (9), omit the definitions of “community benefit society”, “co-operative society” and “NI industrial and provident society”.

(3) In section 198B—

(a) omit subsections (3) and (4) (exception for community-based generation or production), and

(b) omit subsection (6) (interpretation of section).

Modifications etc. (not altering text)

C1 Sch. 6 para. 10 modified (30.11.2015) by The Finance Act 2015 (Paragraphs 10 to 12 of Schedule 6) Regulations 2015 (S.I. 2015/1836), regs. 1, 2(a)

11 (1) Part 6 of ITA 2007 is further amended as follows. U.K.

(2) In section 309A—

(a) omit subsections (5) and (6) (exception for community-based generation), and

(b) in subsection (9), omit the definitions of “community benefit society”, “co-operative society” and “NI industrial and provident society”.

(3) In section 309B—

(a) omit subsections (3) and (4) (exception for community-based generation or production), and

(b) omit subsection (6) (interpretation of section).

Modifications etc. (not altering text)

C2 Sch. 6 para. 11 modified (30.11.2015) by The Finance Act 2015 (Paragraphs 10 to 12 of Schedule 6) Regulations 2015 (S.I. 2015/1836), regs. 1, 2(b)

12 U.K. In consequence of paragraphs 10 and 11—

(a) in FA 2014, omit section 56(3)(b) and (6)(b), and

(b) in the Co-operative and Community Benefit Societies Act 2014, omit paragraphs 106 and 107 of Schedule 4.

Modifications etc. (not altering text)

C3 Sch. 6 para. 12 modified (30.11.2015) by The Finance Act 2015 (Paragraphs 10 to 12 of Schedule 6) Regulations 2015 (S.I. 2015/1836), regs. 1, 2(c)