Article 2 Amendment of the Income and Corporation Taxes Act 1988

(1)

The Income and Corporation Taxes Act 1988^f1 is amended as follows.

(2)

In section 576D^f2 (share loss relief: the control and independence requirement) after subsection (3) insert—

“(3A)
Section 839 (connected persons) applies for the purposes of this section.”.

(3)

In section 777(13)^f3 (transactions in land: provisions supplementary to section 776), in the definition of “capital”—

(a)

after “section 776” insert “of this Act and Chapter 3 of Part 13 of ITA 2007”, and

(b)

for “corporation tax purposes” substitute “purposes of the Tax Acts”.

Annotations

f1: 1988 c. 1.
f2: Section 576D was inserted by paragraph 124 of Schedule 1 to the Income Tax Act 2007.
f3: Section 777(13) was amended by paragraph 185(12) of Schedule 1 to the Income Tax Act 2007.