OpenLegislation

Paragraph 45

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In section 74(1) (general rules as to deductions not allowable)—

(a)

for “the Tax Acts” substitute “ the Corporation Tax Acts ”,

(b)

after “computing the amount of the profits to be charged” insert “ to corporation tax ”,

(c)

for “, profession or vocation”, in each place where it occurs, substitute “ or profession ”,

(d)

omit paragraph (b),

(e)

in paragraph (j) for “his” substitute “ the creditor's ”, and

(f)

omit paragraph (o).