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3 The repeal in Schedule 15 to that Act has effect in accordance with section | |
171(6) of this Act. | |
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(14) Loan relationships: late interest | |
| Short title and chapter | Extent of repeal | | 5 | | Finance Act 1996 (c. 8) | In Schedule 9, in paragraph 2(6), in the | | | | | definition of “participator”, the word “close”. | | |
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This repeal has effect in accordance with paragraph 2(4) of Schedule 37 to | |
this Act. | |
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(15) Repos etc | |
| Short title and chapter | Extent of repeal | | | | Income and Corporation Taxes | In section 737C— | | | | Act 1988 (c. 1) | (a) in subsection (3)(b), the word “gross”; | | | | | (b) subsection (4). | | 15 | | Finance Act 1996 (c. 8) | In Schedule 9, in paragraph 15(3)(b), the words | | | | | “, or a person connected with him,”. | | |
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1 The repeals in the Taxes Act 1988 have effect in accordance with sub- | |
paragraph (1) of paragraph 21 of Schedule 38 to this Act. | |
2 The repeal in the Finance Act 1996 has effect in accordance with sub- | 20 |
paragraph (2) of that paragraph. | |
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(16) Relevant discounted securities | |
| Short title and chapter | Extent of repeal | | | | Finance Act 1996 (c. 8) | In Schedule 13— | | 25 | | | (a) in paragraph 1(3)(a), the words “reduced | | | | | by the amount of any relevant costs”; | | | | | (b) paragraph 1(4); | | | | | (c) paragraph 2; | | | | | (d) paragraph 6(4) to (6); | | 30 | | | (e) paragraphs 7, 9A and 11; | | | | | (f) in paragraph 14(2) and (3), the words | | | | | “gilt-edged”; | | | | | (g) in paragraph 14(4), the words after | | | | | paragraph (c). | | 35 | | Finance Act 2002 (c. 23) | Section 104(3). | | |
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These repeals have effect in accordance with paragraph 6 of Schedule 39 to | |
this Act. | |
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(17) Court common investment funds | |
| Short title and chapter | Extent of repeal | | 5 | | Income and Corporation Taxes | In section 469A— | | | | Act 1988 (c. 1) | (a) in subsection (2), the words “(subject to | | | | | subsection (3) below)”; | | | | | (b) subsection (3). | | |
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These repeals have effect in relation to income arising to a common | 10 |
investment fund (within the meaning of section 182 of this Act) on or after | |
6th April 2003. | |
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Part 4 | |
Other taxes | 15 |
(1) Inheritance tax: authorised unit trusts | |
| Short title and chapter | Extent of repeal | | | | Inheritance Tax Act 1984 (c. 51) | In section 178(1), in the definition of “qualifying | | | | | investments”, the words “(as defined in | | | | | section 468 of the Taxes Act 1988)”. | | 20 | | Income and Corporation Taxes | In Schedule 29, in the table in paragraph 32, the | | | | Act 1988 (c. 1) | entry relating to section 178(1) of the | | | | | Inheritance Tax Act 1984. | | |
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These repeals have effect in relation to transfers of value and other events | |
occurring on or after 16th October 2002. | 25 |
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(2) Climate change levy | |
| Short title and chapter | Extent of repeal | | | | Finance Act 2000 (c. 17) | In Schedule 6— | | | | | (a) paragraph 15(5); | | | | | (b) in paragraph 41(1)(c), the words “for any | | 5 | | | period”; | | | | | (c) in paragraph 100(1), the words “for an | | | | | accounting period”; | | | | | (d) paragraph 148(6); | | | | | (e) in paragraph 149(1), the words “the | | 10 | | | percentage that is to be stated in a | | | | | certificate under paragraph 148 as”. | | |
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These repeals, except the ones in paragraphs 41(1)(c) and 100(1), have effect | |
in accordance with section 186(5) of this Act. | |
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Part 5 | |
Miscellaneous | |
(1) Exchange of information between tax authorities of member States | |
| Short title and chapter | Extent of repeal | | | | Finance Act 1978 (c. 42) | Section 77. | | 20 | | Finance Act 1980 (c. 48) | Section 17. | | | | Finance Act 1990 (c. 29) | In section 125, subsection (5) and the words | | | | | after “appoint” in subsection (6). | | | | Finance Act 1993 (c. 34) | Section 22. | | |
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(2) Controlled foreign companies: exempt activities | |
| Short title and chapter | Extent of repeal | | | | Income and Corporation Taxes | In Part 2 of Schedule 25, in paragraph 6(2A), the | | | | Act 1988 (c. 1) | word “and” preceding paragraph (c). | | |
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This repeal has effect in accordance with section 197 of this Act. | 30 |
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(3) Authorised unit trusts: interest distributions | |
| Short title and chapter | Extent of repeal | | | | Income and Corporation Taxes | Section 468O(2) to (4). | | | | Act 1988 (c. 1) | In section 468P— | | | | | (a) subsection (4); | | 5 | | | (b) in subsection (5), the words “or (4)” and | | | | | the words “or, as the case may be, | | | | | resident” (in both places); | | | | | (c) subsections (8) and (9). | | | | Finance Act 1996 (c. 8) | In Schedule 7, paragraph 17. | | 10 | | Finance Act 2002 (c. 23) | Section 96(3)(a). | | |
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These repeals have effect in relation to interest distributions made on or after | |
16th October 2002. | |
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(4) National savings | 15 |
| Short title and chapter | Extent of repeal | | | | Finance Act 1980 (c. 48) | In section 120, subsections (4), (5) and (8) and, in | | | | | subsection (9), the words “and subsection (8) | | | | | above from the passing of this Act”. | | | | Finance Act 1998 (c. 36) | In section 162, subsection (1)(a), and the word | | 20 | | | “and” before it, and subsections (2) and (5). | | |
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(5) Other financial matters | |
| Short title and chapter | Extent of repeal | | | | National Loans Act 1968 (c. 13) | Section 15(3). | | 25 | | | Section 19(3). | | | | | Section 21(3). | | | | | In Schedule 5A— | | | | | (a) paragraph 8 (and the heading before it); | | | | | (b) paragraph 13(2). | | 30 | | Finance Act 1982 (c. 39) | Section 152(3). | | |
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The repeal of section 21(3) of the National Loans Act 1968 has effect in | |
accordance with section 209(5) of this Act. | |
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