Assets, &c.
113 Ring-fencing of tax-exempt business
114 Maximum shareholding
115 Profit: financing-cost ratio
116 Minor or inadvertent breach
117 Cancellation of tax advantage
118 Funds awaiting re-investment
Profits
119 Corporation tax
120 Calculation of profits
121 Distributions: liability to tax
122 Distributions: deduction of tax
123 Attribution of distributions
Capital gains
124 Corporation tax
125 Movement of assets out of ring-fence
126 Movement of assets into ring-fence
127 Interpretation
Leaving Real Estate Investment Trust Regime
128 Termination by notice: company
129 Termination by notice: Commissioners
130 Automatic termination for breach of requirement
131 Effects of cessation
132 Early exit by notice
133 Early exit
Groups
134 Group Real Estate Investment Trusts
135 Transfer within group
136 Availability of group reliefs
Miscellaneous
137 Insurance companies
138 Joint ventures
139 Manufactured dividends
140 Penalties for failure to give notice, etc
141 Effect of deemed disposal and re-acquisition
142 Interpretation
143 Section 139 TCGA 1992
144 Housing investment trusts: repeal
General
145 Regulations
146 Commencement
PART 5
OIL
New basis for determining market value
147 New basis for determining the market value of oil
148 Section 147: commencement and transitional provisions
Attribution of blended crude oil
149 Crude oil: power to make regulations
Nomination scheme
150 Oil: nomination scheme
151 Oil: amendment of Schedule 10 to FA 1987
152 Oil: nomination excesses and corporation tax
Ring fence trades
153 Increase in rate of supplementary charge
154 Election to defer capital allowances
155 Ring fence expenditure supplement
PART 6
INHERITANCE TAX
Future rates and bands
156 Rates and rate bands for 2008-09 and 2009-10
Trusts
157 Rules for trusts etc
158 Purchase of interests in foreign trusts
PART 7
PENSIONS
159 Taxable property held by investment-regulated pension schemes
160 Recycling of lump sums
161 Inheritance tax
162 Miscellaneous
PART 8
STAMP TAXES
Stamp duty and stamp duty land tax: thresholds
163 Raising of thresholds
Stamp duty land tax
164 Partnerships
165 Leases
166 Reallocation of trust property as between beneficiaries
167 Unit trust schemes
168 Demutualisation of insurance companies
169 Alternative finance
Stamp duty
170 Reliefs for certain company acquisitions
PART 9
MISCELLANEOUS PROVISIONS
Landfill tax
171 Rate of landfill tax
Climate change levy
172 Climate change levy: rates
173 Abolition of half-rate supplies etc
International tax arrangements
174 International tax enforcement arrangements
175 Arrangements under section 174: information powers
176 Arrangements under section 174: recovery of debts
177 Double taxation agreements: procedure
Disclosure of information
178 Disclosure of information
PART 10
SUPPLEMENTARY PROVISIONS
179 Repeals
180 Interpretation
181 Short title
Schedule 1 — Group relief where surrendering company not resident
in UK
Part 1 — Amendments of Chapter 4 of Part 10 of ICTA
Part 2 — Amendments of other enactments
Part 3 — Commencement
Schedule 2 — Relief for research and development: subjects of
clinical trials
Schedule 3 — Claims for relief for research and development
Finance (No.2) Bill x
Schedule 4 — Taxation of activities of film production company
Schedule 5 — Film tax relief: further provisions
Part 1 — Entitlement to film tax relief
Part 2 — Certification of British films for purposes of film tax
relief
Part 3 — Consequential amendments
Part 4 — Provisional entitlement to relief
Schedule 6 — Avoidance involving financial arrangements
Schedule 7 — Transfer of assets abroad
Schedule 8 — Long funding leases of plant or machinery
Part 1 — Capital allowances
Part 2 — Corporation tax
Part 3 — Income tax
Part 4 — Commencement and transitional provisions
Schedule 9 — Leases of plant or machinery: miscellaneous amendments
Schedule 10 — Sale etc of lessor companies etc
Part 1 — Introduction
Part 2 — Leasing business carried on by a company alone
Part 3 — Leasing business carried on by a company in partnership
Part 4 — Miscellaneous
Schedule 11 — Insurance companies
Schedule 12 — Settlements: amendment of TCGA 1992 etc
Part 1 — Settlors, trustees and settlements
Part 2 — Sub-fund settlements
Part 3 — Consequential and minor amendments
Schedule 13 — Settlements: amendments to ICTA and ITTOIA 2005
etc
Part 1 — Principal amendments
Part 2 — Minor and consequential amendments
Schedule 14 — Investment reliefs: venture capital schemes
Part 1 — Limits on gross assets of issuers of shares or securities
Part 2 — Rate of relief for investments in venture capital trusts
Part 3 — Enterprise investment scheme: maximum subscriptions and
carry-back of relief
Part 4 — Lengthening of periods applicable to venture capital
trusts
Part 5 — Venture capital trusts: meaning of “investments”
Schedule 15 — Accountancy change: spreading of adjustment
Part 1 — Income tax
Part 2 — Corporation tax
Schedule 16 — Excluded business and income
Part 1 — Classes of business
Part 2 — Classes of income or profit
Part 3 — Power to amend
Schedule 17 — Group Real Estate Investment Trusts: modifications
Schedule 18 — Oil taxation: market value of oil
Part 1 — Amendments of the Oil Taxation Act 1975
Part 2 — Amendments of other enactments
Schedule 19 — Schedule to be inserted as Schedule 19C to ICTA
Schedule 20 — Inheritance tax: rules for trusts etc
Part 1 — “Trusts for bereaved minors” and “accumulation
and
maintenance” trusts
Part 2 — Interests in possession: when settled property is part
of
beneficiary’s estate
Part 3 — Related amendments in IHTA 1984
Part 4 — Related amendments in TCGA 1992
Finance (No.2) Bill xi
Part 5 — Property subject to a reservation
Schedule 21 — Taxable property held by investment-regulated pension
schemes
Schedule 22 — Pension schemes: inheritance tax
Schedule 23 — Pension schemes etc: miscellaneous
Schedule 24 — Stamp duty land tax: amendments of Schedule 15 to
FA 2003
Schedule 25 — Stamp duty land tax: amendments of Schedule 17A
to FA 2003
Schedule 26 — Repeals
Part 1 — Excise duties
Part 2 — Value added tax
Part 3 — Income tax, corporation tax and capital gains tax
Part 4 — Real Estate Investment Trusts
Part 5 — Oil
Part 6 — Inheritance tax
Part 7 — Stamp taxes
Part 8 — Miscellaneous provisions |
