SCHEDULES

SCHEDULE 1Abolition of basis periods

PART 2Other amendments of ITTOIA 2005

21Part 6A (income charged under ITTOIA 2005: trading and property allowances)

1

Section 783AI (partial relief: alternative calculation of trade profits) is amended as follows.

2

In subsection (2), omit Step 3.

3

Omit subsection (4).