OpenLegislation

Paragraph 287

(1)

Amend Schedule 25 (cases where section 747(3) does not apply) as follows.

(2)

In paragraph 2(1A)—

(a)

for paragraph (a) substitute—

“(a)

it is chargeable neither under Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom nor under section 436A (gross roll-up business: separate charge on profits);”, and

(b)

in paragraph (b) for the words from “Case I” to “above” substitute “ Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom, or under section 436A ”.

(3)

In paragraph 2(1B)(a) for “section 208” substitute “ section 1285 of CTA 2009 ”.

(4)

In paragraph 4(1A)—

(a)

for paragraph (a) substitute—

“(a)

it is chargeable neither under Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom nor under section 436A (gross roll-up business: separate charge on profits);”, and

(b)

in paragraph (b) for the words from “Case I” to “above” substitute “ Chapter 2 of Part 3 of CTA 2009 as profits of a trade carried on wholly or partly in the United Kingdom, or under section 436A ”.

(5)

In paragraph 12(6) for “Case I of Schedule D” substitute “ section 35 of CTA 2009 ”.