Finance (No. 2) Act 1945 (c. 13)

SCHEDULES.

EIGHTH SCHEDULE Amendments as to Exceptional Depreciation Allowances.

PART II Provisions applicable to Income Tax, Excess Profits Tax and the National Defence Contribution.

9 Any reference in the provisions of this Schedule or in the principal provisions to the sale of any property includes a reference to the exchange of any property, and, in the case of a leasehold interest, to the surrender thereof for valuable consideration, and all the said provisions shall be construed accordingly with the necessary adaptations, and, in particular, with the adaptation that references to the net proceeds of the sale and to the price shall be construed as including references to the amount of the consideration for the exchange or surrender.