# Income Tax (Trading and Other Income) Act 2005, Paragraph 8


(1) Amend section 15 (Schedule A) as follows.
(2) In subsection (1A)—
(a) in paragraph (b) for “within the charge to income tax under Schedule A” substitute “ the profits of a UK property business within the charge to income tax under Chapter 3 of Part 3 of ITTOIA 2005 ”, and
(b) for “as separate Schedule A businesses” substitute “ for the purposes of those charges as separate businesses ”.
(3) Before subsection (4) insert—
“(3A) Subsection (1) applies for corporation tax purposes (and does not apply for income tax purposes except so far as necessary to ensure its application for corporation tax purposes by virtue of section 9).”
(4) In subsection (4) at the end insert “ and under Chapter 3 of Part 3 of ITTOIA 2005 (profits of a property business) ”.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/schedule/1/paragraph/8 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/schedule-1/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.