Section 169 Extension of right of set-off to capital allowances.

United Kingdom

1)—(9)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1

F2(10)

This section applies (with any necessary adaptations) in relation to a profession, employment or vocation, F3and in relation to the occupation of woodlands the profits or gains of which are assessable under Schedule D by virtue of an election under F4Paragraph 4 of Schedule 6 to the Finance Act 1988, as it applies in relation to a trade.

Annotations

Textual amendments

F1: Part VII to Part X (ss. 168–237) repealed (except for ss. 168(8), 169(10), 171(5) and 174(13)) by Income and Corporation Taxes Act 1988 (c. 1, SIF 63:1), s. 844, Sch. 31.
F2: Ss. 168(8), 169(10), 171(5) and 174(13) repealed (6.4.1993) by Finance Act 1988 (c. 39, SIF 63:1, 2), s. 148, Sch. 14 Pt. V.
F3: Words repealed (6.4.1993) by Finance Act 1988 (c. 39, SIF 63:1, 2), s. 148, Sch. 14 Pt. V.
F4: Words substituted by Finance Act 1988 (c. 39, SIF 63:1, 2), s. 65, Sch. 6 para. 6(4).

Notes on the whole Act

Textual amendments

F1: Act repealed (in relation to Tax for the year 1992/93 and subsequent years as mentioned in s. 289 of the repealing Act) by Taxation of Chargeable Gains Act 1992 (c. 12), s. 290(3), Sch. 11 para. 24(1), Sch.12 (with savings in ss. 201(3), 290, Sch. 11 paras. 22, 26(2), 27), subject to applications, powers and amendments in the following enactments: Social Security Contributions and Benefits Act 1992 (c. 4), s. 16(1)(3), Sch. 2; Social Security (Consequential Provisions) Act 1992 (c. 6), s. 5, Sch. 3 Pt. II para. 15; Taxation of Chargeable Gains Act 1992 (c. 12), ss. 1(2), 209(3); Finance (No. 2) Act 1992, ss. 24, 49(2)(3)(a)(b)(4)(9), 77, Sch. 6 paras.4, 9, Sch. 17 paras. 6(3)(6), 7; S.I. 1992/58, arts. 9, 11(3),33, Sch. 2 para.1, S.I. 1992/1725, art. 107, Sch. 8 para.2; S.I. 1995/171, reg. 4(2)(a); S.I. 1995/1916, reg. 4; 1994 c. 9, s. 258, Sch. 26 Pt. V