Corporation Tax Act 2009

130 (1) Amend section 432A (apportionment of income and gains) as follows.

(2) In subsection (1ZA)—

(a) in paragraph (a) for “Schedule A in respect of any separate Schedule A” substitute “Chapter 3 of Part 4 of CTA 2009 (profits of a property business) in respect of any separate UK property”,

(b) for paragraph (b) substitute—

“(b) income chargeable under Chapter 3 of Part 4 of CTA 2009 in respect of distributions treated by section 121(1)(a) of the Finance Act 2006 as profits of a UK property business carried on by the company,”,

(c) in paragraph (c) for “Case V of Schedule D” substitute “Chapter 3 of Part 4 of CTA 2009”,

(d) for paragraph (d) substitute—

“(d) income chargeable under Chapter 2 of Part 10 of CTA 2009 (dividends of non-UK resident companies) or Chapter 6 of that Part (sale of foreign dividend coupons),

(da) income chargeable under Chapter 7 of Part 10 of CTA 2009 (annual payments not otherwise charged) or Chapter 8 of that Part (income not otherwise charged) which arises from a source outside the United Kingdom,”,

(e) in paragraph (f) for “Chapter 2 of Part 4 of the Finance Act 1996” substitute “Part 5 of CTA 2009”,

(f) in paragraph (g) for “Schedule 26 to the Finance Act 2002” substitute “Part 7 of CTA 2009”,

(g) in paragraph (h) for the words from “Case III” to the end substitute “Chapter 5 of Part 10 of CTA 2009 (distributions from unauthorised unit trusts) or Chapter 7 of that Part (annual payments not otherwise charged)”,

(h) in paragraph (i) for “Part 3 of Schedule 29 to FA 2002” substitute “Chapter 2 of Part 8 of CTA 2009”, and

(i) in paragraph (j) for “Case VI of Schedule D” substitute “any provision to which section 834A (miscellaneous charges) applies”.

(3) In subsection (1ZB)—

(a) in paragraph (a) for “Schedule A businesses” substitute “UK property businesses”,

(b) in paragraph (c) for “Chapter 2 of Part 4 of the Finance Act 1996” substitute “Part 5 of CTA 2009”,

(c) in paragraph (d) for “Schedule 26 to the Finance Act 2002” substitute “Part 7 of CTA 2009”,

(d) in paragraph (e) for “Part 2 of Schedule 29 to FA 2002” substitute “Chapter 3 of Part 8 of CTA 2009”, and

(e) in paragraph (f) for “Case VI of Schedule D” substitute “any provision to which section 834A applies”.