Paragraph 583

United Kingdom

(1)

Amend Schedule 10 (tax) as follows.

(2)

In paragraph 2(7) (introductory) at the end insert “ , and “ITTOIA 2005” means the Income Tax (Trading and Other Income) Act 2005 ”.

(3)

In paragraph 5 (relevant discounted securities)—

(a)

for “relevant” substitute “ deeply ”, and

(b)

for the words from “Schedule 13” to “c.8)” and “that Schedule” substitute respectively “ Chapter 8 of Part 4 of ITTOIA 2005 ” and “ that Chapter ”.

(4)

In paragraph 6 (rights to receive amounts stated in certificates of deposit etc.)—

(a)

after “deposit etc.)” insert “ , or a right falling within the definition of “deposit rights” in section 552(1) of ITTOIA 2005 ”, and

(b)

for the words “of that Act”, in the second place where they occur, substitute “ of the Taxes Act 1988 or Chapter 11 of Part 4 of ITTOIA 2005 ”.

(5)

In paragraph 8 (futures and options)—

(a)

for “paragraph 4 of Schedule 5AA to the Taxes Act 1988” substitute “ section 562 of ITTOIA 2005 ”, and

(b)

for “that Schedule” substitute “ Chapter 12 of Part 4 of that Act ”.

F1(6)

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Annotations

F1: Sch. 1 para. 583(6) repealed (with effect in accordance with s. 1329(1) of the amending Act) by Corporation Tax Act 2009 (c. 4), s. 1329(1), Sch. 3 Pt. 1 (with Sch. 2 Pts. 1, 2)