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Finance Act 1958

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Part IIProfits Tax RepealsA. Repeals resulting from this Act

Session and ChapterShort titleExtent of Repeal
1 Edw. 8. & 1 Geo. 6. c. 54.The Finance Act, 1937.In section nineteen, subsections (1) and (5); and, from the beginning of the year nineteen hundred and fifty-nine, paragraph 5 of Part I of the Fifth Schedule, down to the word " and ".
5 & 6 Geo. 6. c. 21.The Finance Act, 1942.In section thirty-six, subsection (1) to the word " accordingly ", and subsection (2) from "and ending" onwards; in the Ninth Schedule the words " subsection (1) of section nineteen of the Finance Act, 1937 and ".
9 & 10 Geo. 6. c. 13.The Finance (No. 2) Act, 1945.From the beginning of the year nineteen hundred and fifty-nine, the words "and the national defence contribution " in subsection (1) of section thirty-five.
10 & 11 Geo. 6. c. 35.The Finance Act, 1947.Section thirty; in subsection (1) of section thirty-two the proviso in the new sub-paragraph (1) of paragraph 7 of the Fourth Schedule to the Finance Act, 1937; section thirty-four; section thirty-five, except subsection (5); sections thirty-six and thirty-seven; in section thirty-eight, in subsection (1), the words " and the gross relevant distributions " in both places in paragraph (a), and the words from " and no distributions " to " as aforesaid" in paragraph (jb), and subsection (2); sections thirty-nine to forty-two; in Part I of the Eighth Schedule, in paragraph 6, paragraph (d) of sub-paragraph (2).
11 &12Geo.6. c. 49.The Finance Act, 1948.Sections sixty-nine and seventy; in section seventy-one, subsection (2) from " and the said increase " onwards.
14 & 15 Geo. 6. c. 43.The Finance Act, 1951.Section twenty-nine (but not so as to confer any new right to relief for losses or to deductions for wear and tear); section thirty-one.
15 & 116 Geo. 6. & 1 Eliz. 2. c. 10.The Income Tax Act, 1952In the Twenty-first Schedule, sub-paragraph (5) of paragraph 10.

15 & 16 Geo.6. & 1 Eliz. 2.c. 33.

c. 34.

The Finance Act, 1952.Section thirty-five; subsection (3) of section sixty-seven.
1 & 2 Eliz. 2. c. 34The Finance Act, 1953.Section twenty-eight.
4 & 5 Eliz. 2. c. 17.The Finance (No. 2) Act, 1955.In the Second Schedule, in sub-paragraph (3) of paragraph 3 the words " and subsections (1) and (2) of section thirty-nine ", the word " respectively " and the words " and to persons resident outside the United Kingdom ".
4 & 5 Eliz. 2. c. 54.The Finance Act, 1956.In section twenty-nine, subsections (1) and (2); in section thirty, in subsection (3) the words " or distributions " and the words " and about distributions ", and subsections (4) and (5): section thirty-one; the Fourth Schedule except sub-paragraph (1) of paragraph 1.
5 & 6 Eliz. 2. c. 49.The Finance Act, 1957.Section forty ; in the Seventh Schedule, paragraphs 4 to 8, paragraph 11 and sub-paragraph (2) of paragraph 12.

B. Repeals of provisions superseded by earlier Acts

Session and ChapterShort titleExtent of Repeal
10 & 11 Geo. 6. c. 35.The Finance Act, 1947Subsections (2) to (5) of section forty-seven.
11 & 12 Geo. 6. c. 9.The Finance (No. 2) Act, 1947.Section seven.
12, 13 & 14 Geo. 6. c. 64.The Profits Tax Act, 1949The whole Act.
14 & 15 Geo. 6. c. 43.The Finance Act, 1951.Section twenty-eight; the Sixth Schedule.
15&16Geo. 6. & 1 Eliz. 2. c. 33.The Finance Act, 1952.In section thirty-three, subsections (2) to (4); the Seventh Schedule.
4 & 5 Eliz. 2. c. 17.The Finance (No. 2) Act, 1955.Section two; the Second Schedule, except paragraph 3.

These repeals (other than repeals expressed to operate from the beginning of the year nineteen hundred and fifty-nine) shall not affect liability to the profits tax for chargeable accounting periods ending at or before the end of March, nineteen hundred and fifty-eight.

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