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Finance Bill
Schedule 40 — Repeals
Part 3 — Pension schemes etc.

570

 
 

Short title and chapter

Extent of repeal

 
 

Finance Act 1989 (c. 26)—cont.

Schedule 7.

 
  

In Schedule 12, paragraphs 15 and 16.

 
 

Finance Act 1991 (c. 31)

Sections 34 to 36.

 
 

Taxation of Chargeable Gains

Section 99A(4)(c).

 

5

 

Act 1992 (c. 12)

In section 271—

 
  

(a)   

in subsection (1), paragraphs (d), (g), (h)

 
  

and (j) and the second sentence,

 
  

(b)   

subsection (2),

 
  

(c)   

in subsection (7), the words after

 

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“chargeable gains;”, and

 
  

(d)   

in subsection (10), the words after

 
  

“options contracts”.

 
  

In Schedule 1, paragraph 2(8).

 
  

In Schedule 10, paragraph 14(21).

 

15

 

Finance Act 1993 (c. 34)

Section 106.

 
  

Section 107(4) to (7).

 
  

Section 112.

 
 

Pension Schemes Act 1993

In Schedule 8, paragraph 20.

 
 

(c. 48)

  

20

 

Pension Schemes (Northern

In Schedule 7, paragraph 22.

 
 

Ireland) Act 1993 (c. 49)

  
 

Finance Act 1994 (c. 9)

Sections 103 to 107.

 
 

Finance Act 1995 (c. 4)

Sections 58 to 61.

 
  

In Schedule 8, paragraph 4(3).

 

25

  

Schedule 11.

 
 

Pensions Act 1995 (c. 26)

In Schedule 5, paragraph 12.

 
 

Pensions (Northern Ireland)

In Schedule 3, paragraph 8.

 
 

Order 1995 (S.I. 1995/3213

  
 

(N.I. 22))

  

30

 

Finance Act 1996 (c. 8)

Section 172.

 
  

In Schedule 21, paragraph 17.

 
  

In Schedule 39, paragraph 2.

 
 

Finance Act 1998 (c. 36)

Section 92.

 
  

Sections 94 to 97.

 

35

  

Section 98(1).

 
  

Schedule 15.

 
 

Social Security Contributions

In Schedule 1, paragraphs 3 and 4.

 
 

(Transfer of Functions, etc.)

  
 

Act 1999 (c. 2)

  

40

 

Finance Act 1999 (c. 16)

Section 52.

 
  

In Schedule 5, paragraphs 4 and 5 and, in

 
  

paragraph 6(2), the words “and 654”.

 
  

In Schedule 10, paragraphs 1 to 10 and 12 to 18.

 
 

Welfare Reform and Pensions

In Schedule 12, paragraph 13.

 

45

 

Act 1999 (c. 30)

  
 

Finance Act 2000 (c. 17)

Section 61.

 
  

In Schedule 8, paragraph 83(2).

 
  

Schedule 13.

 
 

 

Finance Bill
Schedule 40 — Repeals
Part 3 — Pension schemes etc.

571

 
 

Short title and chapter

Extent of repeal

 
 

Capital Allowances Act 2001

In Schedule 2, paragraphs 53 and 54.

 
 

(c. 2)

  
 

Finance Act 2001 (c. 7)

Section 74.

 
 

Income Tax (Earnings and

Section 56(8).

 

5

 

Pensions) Act 2003 (c. 1)

Section 224.

 
  

In section 327(4), the entry relating to section

 
  

619 of the Income and Corporation Taxes Act

 
  

1988.

 
  

In Part 6, Chapter 1.

 

10

  

Section 407(3).

 
  

Section 408(2).

 
  

Section 492(2).

 
  

In Part 9, Chapters 6, 7, 8, 9, 13 and 16.

 
  

Section 683(4).

 

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In Part 2 of Schedule 1, the entries relating to the

 
  

following expressions: “administrator (in

 
  

Chapter 2 of Part 6)”, “approved (in Chapter 8

 
  

of Part 9)”, “approved (in relation to

 
  

retirement benefits scheme) (in Chapter 6 of

 

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Part 9)”, “approved retirement benefits

 
  

scheme (in Chapter 6 of Part 9)”, “director (in

 
  

Chapter 1 of Part 6)”, “employee (in Chapter 1

 
  

of Part 6)”, “employee (in Chapter 2 of Part

 
  

6)”, “employee (in Chapter 6 of Part 9)”,

 

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“employer (in Chapter 1 of Part 6)”,

 
  

“employment (in Chapter 1 of Part 6)”,

 
  

“exempt approved scheme (in Chapter 13 of

 
  

Part 9)”, “ex-spouse (in Chapter 2 of Part 6)”,

 
  

“ex-spouse (in Chapter 6 of Part 9)”, “former

 

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approved superannuation fund (in Chapter 7

 
  

of Part 9)”, “income withdrawal (in Chapter 8

 
  

of Part 9)”, “non-approved retirement

 
  

benefits scheme (in Chapter 1 of Part 6)”,

 
  

“non-approved retirement benefits scheme

 

35

  

(in Chapter 2 of Part 6)”, “personal pension

 
  

arrangements (in Chapter 8 of Part 9)”,

 
  

“personal pension scheme (in Chapter 8 of

 
  

Part 9)”, “provision of benefits in respect of an

 
  

employee (in Chapter 1 of Part 6)”, “provision

 

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of relevant benefits (in Chapter 2 of Part 6)”,

 
  

“relative (in Chapter 2 of Part 6)”, “relevant

 
  

benefits (in Chapter 1 of Part 6)”, “relevant

 
  

benefits (in Chapter 2 of Part 6)”, “relevant

 
  

statutory scheme (in Chapter 13 of Part 9)”,

 

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“retirement annuity contract (in Chapter 9 of

 
  

Part 9)”, and “retirement benefits scheme (in

 
  

Chapter 6 of Part 9)”.

 
  

In Schedule 6, paragraphs 72, 73, 79, 80(1) to (5),

 
  

82, 89, 90, 92 to 95, 97, 98, 99, 125(3) and 161.

 

50

  

In Schedule 7, paragraph 41.

 
 

Finance Act 2003 (c. 14)

In section 153(2)(a), the words “606(13),”.

 
  

Section 174.

 
 

 

Finance Bill
Schedule 40 — Repeals
Part 4 — Other taxes

572

 
 

Short title and chapter

Extent of repeal

 
 

Finance Act 2003 (c. 14)—cont.

In Schedule 24, in paragraph 2(1), the word “or”

 
  

at the end of paragraph (a).

 
  

In Schedule 27, paragraph 1(2).

 
 

Finance Act 2004 (c. )

In Schedule 17, paragraphs 2 and 10(4).

 

5

 

           

These repeals have effect on 6th April 2006 (but subject to Schedule 34 to this

Act).

Part 4

Other taxes

(1) Inheritance tax

10

 

Short title and chapter

Extent of repeal

 
 

Supreme Court Act 1981 (c. 54)

Section 109(3).

 
 

Inheritance Tax Act 1984 (c.51)

Section 256(1)(c) and (2).

 

1          

The repeal in section 109 of the Supreme Court Act 1981 has effect in

accordance with section 280(4) of this Act.

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2          

The repeals in section 256 of the Inheritance Tax Act 1984 come into force

with the passing of this Act.

(2) Stamp duty land tax

 

Short title and chapter

Extent of repeal

 
 

Finance Act 2003 (c. 14)

In section 43(3), the word “and” preceding

 

20

  

paragraph (c).

 
  

In section 45(1), the word “and” preceding

 
  

paragraph (b).

 
  

In section 47(3), the words from “and section 58”

 
  

to the end.

 

25

  

In section 77(2)(a) and (b), the word

 
  

“contractual”.

 
  

In section 80(2), the words “or chargeable”.

 
  

In section 119(2), the word “and” at the end of

 
  

the entry for section 44(4).

 

30

  

In Schedule 4—

 
  

(a)   

in paragraph 5(6), the words from “and

 
  

section 58” to the end;

 
  

(b)   

paragraphs 13 to 15.

 
  

In Schedule 5—

 

35

  

(a)   

in paragraph 3, the words “(see

 
  

paragraphs 4 and 5)” and “(see

 
  

paragraphs 6 and 7)”;

 
  

(b)   

paragraphs 4 to 7, 10 and 11.

 
 

 

Finance Bill
Schedule 40 — Repeals
Part 5 — Miscellaneous matters

573

 
 

Short title and chapter

Extent of repeal

 
 

Finance Act 2003 (c. 14)—cont.

In Schedule 10—

 
  

(a)   

paragraph 33(2) and (3);

 
  

(b)   

in paragraph 34(2), the words “by notice

 
  

in writing given to the Inland Revenue”;

 

5

  

(c)   

paragraph 34(3).

 
  

In Schedule 19, paragraph 6(1).

 
 

Finance Act 2004 (c. 00)

In Schedule 37, paragraphs 6 and 11.

 
 

1          

The repeals in Schedule 10 to the Finance Act 2003 come into force with the

passing of this Act.

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2          

The repeals in sections 43, 45 and 119 of that Act have effect in accordance

with paragraph 13 of Schedule 37 to this Act.

3          

The other repeals have effect in accordance with paragraph 26 of that

Schedule.

Part 5

15

Miscellaneous matters

Ending of shipbuilders’ relief

 

Short title and chapter

Extent of repeal

 
 

Finance Act 1966 (c. 18)

Section 2.

 

           

This repeal has effect in accordance with section 306 of this Act.

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