Paragraph 5 CTA 2009
United Kingdom
(1)
CTA 2009 is amended as follows.
(2)
In section 202 (overview of Part 4) omit subsection (5).
(3)
In section 250A (replacement domestic items relief) omit subsection (7).
(4)
In section 252 (restrictions on relief) omit subsection (3).
(5)
Omit Chapter 6 of Part 4 (which defines “the commercial letting of furnished holiday accommodation”).
(6)
In section 748 (assets held for purposes of property business)—
(a)
for subsection (4) substitute—
“(4)In subsection (1), “property business” means—
(a)a UK property business, or
(b)an overseas property business.”;
(b)
omit subsection (5).
(7)
In Schedule 4 (index of defined expressions) omit the entry for “commercial letting of furnished holiday accommodation (in Chapter 6 of Part 4)”.