OpenLegislation

Paragraph 16 I1

United Kingdom

In section 333 (company with loan relationship ceasing to be UK resident) in subsection (2)—

(a)

after “owed” insert

“— ”, and

(a)
(b)

at the end insert

“,

(b)

for the purposes of the company's trade of dealing in or developing UK land,

(c)

for the purposes of the company's UK property business, or

(d)

for the purposes of enabling the company to generate other UK property income (within the meaning given by section 5(6)).”

Annotations

Commencement

I1

Sch. 5 para. 16 in force at 6.4.2020, see Sch. 5 para. 35

Notes on Schedule 5

Modifications

C1

Sch. 5 modified (22.7.2020) by Finance Act 2020 (c. 14), Sch. 6 para. 10