Paragraph 574
(1)
Amend Schedule 1 (abbreviations and defined expressions) as follows.
(2)
In Part 1 in the appropriate place insert—
“
ITTOIA 2005 The Income Tax (Trading and Other Income) Act 2005 ”.
(3)
In Part 2—
(a)
in the entry for “ordinary Schedule A business” for “Schedule A” substitute “ property ”,
(b)
in the entry for “overseas property business” for “65A(4), 70A(4) and 832(1) of ICTA” substitute “ 70A(4) and 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005 ”, and
(c)
in the appropriate place insert—
“
UK property business section 832(1) of ICTA and Chapter 2 of Part 3 of ITTOIA 2005 ”.