Part 3 INCOME TAX, CORPORATION TAX AND CAPITAL GAINS TAX

Chapter 2 OTHER PROVISIONS

Other relieving provisions

71 Creative artists: relief for fluctuating profits

F1(1)

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F1(2)

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(3)

The following provisions of the Taxes Act 1988 are repealed—

  • section 534 (relief for copyright payments etc.);

  • section 535 (relief where copyright sold after ten years or more);

  • section 537A (relief for payments in respect of designs);

  • section 538 (relief for painters, sculptors and other artists).

The repeals have effect in relation to payments actually receivable on or after 6th April 2001.

(4)

Part 2 of Schedule 24 to this Act contains amendments consequential on the preceding provisions of this section.