Part 2 Other Enactments
Income Tax (Trading and Other Income) Act 2005 (2005 c 5) | Legislation

Part 2 Other Enactments

Finance Act 1950 (c 15)

353

The Finance Act 1950 is amended as follows.

354

In section 40(3) (modification of section 39 in case of recoveries by assignees and in certain cases of subsidiary companies)—

(a)     omit “by the Special Commissioners under Case VI of Schedule Dâ€, and

(b)     omit “under that Caseâ€.

Chevening Estate Act 1959 (c 49)

355

The Chevening Estate Act 1959 is amended as follows.

356

(1)     Amend section 2 (provisions as to income tax, estate duty and stamp duty) as follows.

(2)     In subsection (1)—

(a)     omit paragraph (a),

(b)     in paragraph (b) for “Schedule D†substitute “Part 3 of the Income Tax (Trading and Other Income) Act 2005â€, and

(c)     in paragraph (c) for the words from “Schedule C†to “annual payment†substitute “the provisions of the Income Tax (Trading and Other Income) Act 2005 specified in subsection (1A) in respect of the income chargeable under those provisionsâ€.

(3)     After subsection (1) insert—

“(1A)     The provisions are—

(a)     Chapter 2 of Part 4 (interest) so far as the income is yearly interest or public revenue dividends (as defined in section 505(1A) of the

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