# Finance Act 1974, Paragraph 5


In paragraph 10(8) of Schedule 16 to the Finance Act 1972 (order in which different descriptions of company’s income are to be treated as reduced by allowable deductions)—
(a) in paragraph (b), for the word “and” there shall be substituted the words “other than estate or trading income attributable to development gains”;
(b) in paragaph (c), for the words “chargeable gains” there shall be substituted the words “development gains; and”;
(c) after paragraph (c) there shall be inserted as paragraph (d)—
“(d) fourthly, so far as it cannot be made under (a), (b) or (c) above, from the amount included in the company’s profits in respect of chargeable gains.”

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Source: https://www.legislation.gov.uk/ukpga/1974/30/schedule/7/paragraph/5 (the official version)
Page: https://openlegislation.uk/finance-act-1974/schedule-7/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.