SCHEDULES

SCHEDULE 26Redundant reliefs

Part 1Income tax and corporation tax

Transitional relief for charities etc on abolition of payment of tax credits on distributions

1

(1)

Section 35 of, and Schedule 5 to, F(No.2)A 1997 (transitional relief for charities etc and limitations on entitlement to the relief) are repealed.

(2)

Accordingly—

(a)

in section 231B of ICTA, in subsection (4)—

(i)

after paragraph (b) insert “ and ”, and

(ii)

omit paragraph (d) (and the “and” before it), and

(b)

the following provisions are repealed—

(i)

in ITA 2007, paragraph 379 of Schedule 1;

(ii)

in FA 2010, paragraph 14 of Schedule 6.