OpenLegislation

Part 3 Income tax, corporation tax and capital gains tax

(1) Provision of services through intermediary

Short title and chapterExtent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1)

Section 49(2).

In section 56(7), paragraph (c) and the word “and” preceding it.

(2) Taxable benefits: cars: CO2 emissions

Short title and chapterExtent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1)In the table in section 139(4), in the entry for 2004-05 and subsequent tax years, the words “and subsequent tax years”.

(3) Approved share plans and schemes

Short title and chapterExtent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1)

In section 701(2)(c)(i), the words “or 4 (approved CSOP schemes)”.

In Schedule 2, paragraphs 18(1)(a) and 47(3).

In Schedule 3, in paragraph 34(5), the words following paragraph (b).

(4) Employee securities and options

Short title and chapterExtent of repeal
Income Tax (Earnings and Pensions) Act 2003 (c. 1)

In section 19(2), the entries relating to Chapters 8 and 9 of Part 3.

In section 32(2), the entries relating to Chapters 8 and 9 of Part 3.

In section 63(1), the entries relating to Chapters 8 and 9 of Part 3.

Section 64(5) and (6).

Chapters 8 and 9 of Part 3.

In section 216—

  1. (a)

    in subsection (4), the entries relating to Chapters 8 and 9 of Part 3;

  2. (b)

    in subsection (6), the entries relating to sections 195(3) and 199(4).

Section 227(4)(d), (f) and (h).

Section 491.

Sections 494 and 495.

Section 518.

Section 519(4).

Section 520.

Section 523.

Section 524(4).

Section 525.

Section 528.

In section 701(2)(b), the words “subject to section 700(6),”.

In Part 2 of Schedule 1, the entries listed in paragraph 42(2) of Schedule 22 to this Act.

In Schedule 7, paragraphs 30, 31, 47, 48, 50 to 53, 55(2)(a), 59 to 62, 66 and 67.

Finance Act 2003In Schedule 23, in paragraph 31, the entry relating to “subject to forfeiture”.

(5) Deductions for employee benefit contributions

Short title and chapterExtent of repeal
Finance Act 2002 (c. 23)In Schedule 29, in paragraph 113(3)(a) the words “or benefits” and “, or held by an intermediary,”.

(6) References to branch or agency

Short title and chapterExtent of repeal
Taxes Management Act 1970 (c. 9)In section 118(1), the definitions of “branch or agency” and “branch or agent”.
Income and Corporation Taxes Act 1988 (c. 1)Section 95(1A)(e).
Taxation of Chargeable Gains Act 1992 (c. 12)

In section 10—

  1. (a)

    subsection (3);

  2. (b)

    in subsection (4), the words “or corporation tax”.

Finance Act 1994 (c. 9)In section 219(4A), the words “11(2)(a) or”.
Finance Act 1995 (c. 4)

In section 126—

  1. (a)

    in subsection (1), the words “, corporation tax”;

  2. (b)

    in subsection (2)(c), the words from “or fall” to “non-resident”;

  3. (c)

    in subsection (2), paragraph (d) and the word “and” preceding it;

  4. (d)

    in subsection (9), paragraph (b) and the word “and” preceding it.

In section 127—

  1. (a)

    in subsection (5)(b), the words “or 129”;

  2. (b)

    in subsection (19), paragraph (b) and the word “and” preceding it.

Section 129.

Finance (No. 2) Act 1997 (c. 58)Section 24(3)(e).

(7) Capital gains tax: reporting limits and annual exempt amount

Short title and chapterExtent of repeal
Taxation of Chargeable Gains Act 1992 (c. 12)

Section 3(6).

In Schedule 1, paragraph 2(3).

(8) Chargeable gains: earn-out rights

Short title and chapterExtent of repeal
Taxation of Chargeable Gains Act 1992 (c. 12)

In section 138A—

  1. (a)

    in subsection (2), paragraph (c) and the word “and” preceding it;

  2. (b)

    in subsection (4), paragraph (e) and the word “and” preceding it.

(9) First-year allowances for expenditure on eco-friendly plant or machinery

Short title and chapterExtent of repeal
Capital Allowances Act 2001 (c. 2)

In section 39, the word “or” at the end of the entry relating to section 45E.

In section 46(1), the word “or” at the end of the entry relating to section 45E.

In Part 2 of Schedule 1, in the first column of the entry relating to the expression “long life asset expenditure”, the words “Chapter 10 of”.

(10) Relief for research and development

Short title and chapterExtent of repeal
Finance Act 2000 (c. 17)

In Schedule 20, in paragraph 5(3)—

  1. (a)

    the words “the following rules apply”;

  2. (b)

    paragraphs (a) and (b);

  3. (c)

    in paragraph (c), the words “in any other case,”.

Finance Act 2002 (c. 23)

In Schedule 12—

  1. (a)

    in paragraph 7(2), the word “and” preceding paragraph (b);

  2. (b)

    in paragraph 11(3), the word “and” preceding paragraph (b);

  3. (c)

    in paragraph 15(1), the word “or” preceding paragraph (c);

  4. (d)

    in paragraph 17, the word “and” preceding paragraph (c).

In Schedule 13, in paragraph 5(3), the word “and” preceding paragraph (d).

(11) Tonnage tax: capital allowances for lessors

Short title and chapterExtent of repeal
Finance Act 2000 (c. 17)

In Schedule 22—

  1. (a)

    the word “finance” in the first sentence of paragraph 41(4), in paragraphs 89(1), 90(1), 92(1), 94(1), 98(1)(a) and 99(1)(a) and in the heading to paragraph 93;

  2. (b)

    in paragraph 93(1), the words “finance” and “either”;

  3. (c)

    in paragraph 147, the entry for “finance lease (and lessor and lessee) (in Part X)”.

(12) Insurance companies

Short title and chapterExtent of repeal
Income and Corporation Taxes Act 1988 (c. 1)

Section 432A(9B).

In section 432E(2), paragraph (a) and, in paragraph (b), the words “in any other case,”.

In section 436(3)(a), the words after “modifications”.

In section 438B(5), paragraph (b) and the word “and” before it.

In section 439B(3)(a), the words “and in particular with the omission of the words “and any amounts of tax which are expended on behalf of” in section 82(1)(a)”.

In section 441—

  1. (a)

    in subsections (1) and (2), the words “and section 441A”;

  2. (b)

    in subsection (4)(a), the words “and in particular with the omission of the words “and any amounts of tax which are expended on behalf of” in section 82(1)(a)”.

In section 442A(4), the words “to the company”.

In Schedule 28AA, in paragraph 5(6)(b), the words “or 88A”.

Finance Act 1989 (c. 26)

In section 83—

  1. (a)

    in subsection (5), paragraph (b) and the word “but” before it;

  2. (b)

    subsection (6A);

  3. (c)

    in subsection (8), in the definition of “total reinsurance”, the words “before the making of the contract of reinsurance (or, in a case where there are two or more contracts of reinsurance, the last of them)”.

In section 83AA—

  1. (a)

    subsections (3) to (5) and (6)(a);

  2. (b)

    in subsection (7), paragraph (b) and the word “and” before it;

  3. (c)

    in subsection (10), the definitions of “the relevant accounting period” and “the transferor company”.

Section 83AB(1)(c)(i).

In section 83A(2), the second sentence.

Section 84(1).

In section 87(6)(b), the words “, disregarding section 76(1)(e) of that Act (as set out in subsection (2) above),”.

In section 88(1), the words “and section 88A”.

Section 88A.

In section 89—

  1. (a)

    in subsection (1), the words “or, as the case may be, basic life assurance and general annuity business”;

  2. (b)

    in subsection (7), the definition of “the Prudential Sourcebook (Insurers)”.

Finance Act 1990 (c. 29)

Section 43.

Section 45(5).

Finance Act 1991 (c. 31)

In Schedule 7—

  1. (a)

    in paragraph 1(a), the words “and (e)”;

  2. (b)

    paragraph 11.

Taxation of Chargeable Gains Act 1992 (c. 12)

In section 204(4), the words from “and in subsection (3)” onwards.

Section 211(1A).

In section 212(7), the words following paragraph (b).

Section 213(3A) and (3B).

In Schedule 7AD, in paragraph 10(1), the definitions of “insurance company”, “long-term business” and “long-term insurance fund”.

In Schedule 7B, in paragraph 1, the words “(as defined in section 431(2) of the Taxes Act)”.

Finance Act 1996 (c. 8)

In Schedule 6, paragraph 26.

In Schedule 11, in paragraph 4—

  1. (a)

    in sub-paragraph (2), the word “net” (in both places);

  2. (b)

    in sub-paragraph (16), the definition of “net income and gains”.

Finance Act 1998 (c. 36)Section 137(4) and (7).
Finance Act 2000 (c. 17)In Schedule 30, paragraph 18(3).
Finance Act 2002 (c. 23)In Schedule 25, paragraph 46.

(13) Life insurance policies etc

Short title and chapterExtent of repeal
Income and Corporation Taxes Act 1988 (c. 1)

In section 1A(2), the word “and” at the end of paragraph (b).

Section 540(2).

In Schedule 15, in paragraph 3(8), the words from “and” preceding paragraph (b)(iii) to the end of paragraph (c).

(14) Loan relationships: late interest

Short title and chapterExtent of repeal
Finance Act 1996 (c. 8)In Schedule 9, in paragraph 2(6), in the definition of “participator”, the word “close”.

(15) Repos etc

Short title and chapterExtent of repeal
Income and Corporation Taxes Act 1988 (c. 1)

In section 737C—

  1. (a)

    in subsection (3)(b), the word “gross”;

  2. (b)

    subsection (4).

Finance Act 1996 (c. 8)In Schedule 9, in paragraph 15(3)(b), the words “, or a person connected with him,”.

(16) Relevant discounted securities

Short title and chapterExtent of repeal
Finance Act 1996 (c. 8)

In Schedule 13—

  1. (a)

    in paragraph 1(3)(a), the words “reduced by the amount of any relevant costs”;

  2. (b)

    paragraph 1(4);

  3. (c)

    paragraph 2;

  4. (d)

    paragraph 6(4) to (6);

  5. (e)

    paragraphs 7, 9A and 11;

  6. (f)

    in paragraph 14(2) and (3), the words “gilt-edged”;

  7. (g)

    in paragraph 14(4), the words after paragraph (c).

Finance Act 2002 (c. 23)Section 104(3).

(17) Court common investment funds

Short title and chapterExtent of repeal
Income and Corporation Taxes Act 1988 (c. 1)

In section 469A—

  1. (a)

    in subsection (2), the words “(subject to subsection (3) below)”;

  2. (b)

    subsection (3).

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