UK Act of Parliament
2006
United Kingdom
Finance Act 2006 (Film Tax Relief)
At a glance
Enforced by
What's here
2 compliance obligations, 1 practical guide
Penalty landscape
1 of 2 obligations carry an unlimited fine. 1 has no criminal penalty — flagged in the list below.
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Any Person 1
- Trader 1
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Supporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Part 1 — Excise duties
Browse 15 other sections in this Part — procedural / definitional / commencement
Rates of tobacco products duty
Tobacco products duty: evasion
Rate of duty on beer
Rates of duty on wine and made-wine
Repeal of provisions of ALDA 1979 of no practical utility etc
Rates until 1st September 2006
Rates from 1st September 2006
Road vehicles
General betting duty: gaming machines
Rates of gaming duty
Definition of “gaming machine”
Classes of machine and rates of duty
Rates
Reduced pollution certificates
Late renewal supplement
Part 2 — Value added tax
Browse 7 other sections in this Part — procedural / definitional / commencement
Part 3 — Income tax, corporation tax and capital gains tax
Browse 79 other sections in this Part — procedural / definitional / commencement
Charge and rates for 2006-07
Charge and main rate for financial year 2007
Small companies' rate and fraction for financial year 2006
Abolition of corporation tax starting rate and non-corporate distribution rate
Group relief where surrendering company not resident in UK
Relief for research and development: subjects of clinical trials
Claims for relief for research and development
Temporary increase in amount of first-year allowances for small enterprises
Meaning of “film” and related expressions
Meaning of “film production company”
Meaning of “film-making activities” etc
Meaning of “production expenditure” and related expressions
Meaning of “UK expenditure”
Meaning of “qualifying co-production” and “co-producer”
Taxation of activities of film production company
Films qualifying for film tax relief
Conditions of relief: intended theatrical release
Conditions of relief: British film
Conditions of relief: UK expenditure
Film tax relief: further provisions
Films: restriction on use of losses while film in production
Films: use of losses in later periods
Films: terminal losses
Films: withdrawal of existing reliefs (corporation tax)
Films: withdrawal of existing reliefs (income tax)
Sound recordings: revenue nature of expenditure
Sound recordings: allocation of expenditure
Sound recordings: interpretation
Corporation tax: films and sound recordings as intangible fixed assets
Films: application of provisions to certain films already in production
Films and sound recordings: commencement and power to alter dates
Transactions with substantial donors
Non-charitable expenditure
Trade profits
Gift aid relief for companies wholly owned by one or more charities
Extension of restrictions on gift aid payments by close companies
Cars with a CO 2 emissions figure
Mobile telephones
Computer equipment
Exemption for employees' eye tests and special glasses
Power to exempt use of vouchers or tokens to obtain exempt benefits
Payments to or in respect of victims of National-Socialist persecution
London Organising Committee
Section 65: supplementary
International Olympic Committee
Competitors and staff
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..
Restrictions on companies buying losses or gains
Other avoidance involving losses accruing to companies
Repeal of s.106 of TCGA 1992
Policies of insurance and non-deferred annuities
Exception to “bed and breakfasting” rules etc
Interest relief: film partnership
Avoidance involving financial arrangements
Treating assets as “existing assets” etc
Controlled foreign companies and treaty non-resident companies
Transfer of assets abroad
Restriction of exemption from charge to income tax
Leases of plant or machinery
Sale etc of lessor companies etc
Restrictions on use of losses etc: leasing partnerships
Disposal of plant or machinery subject to lease where income retained
Restrictions on effect of elections under section 266 of CAA 2001
Insurance companies
Qualifying policies: altering method for calculating benefits
Settlements, etc: chargeable gains
Settlements, etc: income
Special trusts tax rates not to apply to social landlords' service charge income
Venture capital schemes
Avoidance using options etc
Corporation tax relief for shares acquired under EMI option
PAYE: retrospective notional payments
Profit share agency
Diminishing shared ownership
Beneficial loans to employees
Orders amending Chapter 5 of Part 2 of FA 2005
Amendment of section 29 of the Energy Act 2004
Amendment of section 30 of the Energy Act 2004
Accountancy change: spreading of adjustment
Part 4 — Real Estate Investment Trusts
Real Estate Investment Trusts
Amended 1 timeProperty rental business
Amended 4 timesConditions for company
Amended 6 timesConditions for tax-exempt business
Amended 12 timesConditions for balance of business
Amended 3 timesNotice
Amended 4 timesEffects of entry
Amended 8 timesEntry charge
Amended 13 timesProfit: financing-cost ratio
Amended 9 timesMinor or inadvertent breach
Amended 2 timesCancellation of tax advantage
Amended 9 timesFunds awaiting re-investment
Amended 1 timeCorporation tax
Amended 4 timesCalculation of profits
Amended 13 timesDistributions: liability to tax
Amended 7 timesDistributions: deduction of tax
Amended 1 timeAttribution of distributions
Amended 1 timeCorporation tax
Amended 7 timesMovement of assets out of ring-fence
Amended 4 timesMovement of assets into ring-fence
Amended 4 timesDemergers
Amended 4 timesInterpretation
Amended 1 timeTermination by notice: Commissioners
Amended 1 timeEffects of cessation
Amended 4 timesEarly exit by notice
Amended 4 timesEarly exit
Amended 3 timesGroup Real Estate Investment Trusts
Amended 1 timeAvailability of group reliefs
Amended 4 timesConnected persons
Amended 4 timesJoint ventures
Amended 2 timesManufactured dividends
Amended 14 timesPenalties for failure to give notice, etc
Unlimited fine- Fail to provide information regarding Film Tax Relief Any Person
Effect of deemed disposal and re-acquisition
Amended 1 timeInterpretation
Amended 1 timeRegulations
Amended 1 timeCommencement
Amended 1 timeBrowse 9 other sections in this Part — procedural / definitional / commencement
Other key concepts
Duration
Ring-fencing of tax-exempt business
Maximum shareholding
Termination by notice: company
Automatic termination for breach of requirement
Transfer within group
Insurance companies
Housing investment trusts: repeal
Part 5 — Oil
Nomination excesses and corporation tax
Amended 2 timesRing fence expenditure supplement
Amended 2 timesBrowse 7 other sections in this Part — procedural / definitional / commencement
New basis for determining the market value of oil
Section 146: commencement and transitional provisions
Crude oil: power to make regulations
Nomination scheme
Amendment of Schedule 10 to FA 1987
Increase in rate of supplementary charge
Election to defer capital allowances
Part 6 — Inheritance tax
Browse 3 other sections in this Part — procedural / definitional / commencement
Part 7 — Pensions
Browse 4 other sections in this Part — procedural / definitional / commencement
Part 8 — Stamp taxes
Browse 7 other sections in this Part — procedural / definitional / commencement
Partnerships
Leases
Reallocation of trust property as between beneficiaries
Unit trust schemes
Demutualisation of insurance companies
Alternative finance
Reliefs for certain company acquisitions
Part 9 — Miscellaneous provisions
Arrangements under section 173: information powers
Amended 1 timeDouble taxation agreements: procedure
Amended 1 timeBrowse 6 other sections in this Part — procedural / definitional / commencement
Part 10 — Supplementary provisions
Browse 2 other sections in this Part — procedural / definitional / commencement
Repeals
Short title
Schedules
(1) In paragraph 22(1) and (2) of Schedule 15 to...
- Check reduced gross asset limits for corporate venturing scheme shares Trader
Browse 479 other Schedules — structural / supplementary
Taxation of activities of film production company
Avoidance involving financial arrangements
Leases of plant or machinery: miscellaneous amendments
Insurance companies
Accountancy change: spreading of adjustment
Group Real Estate Investment Trusts: modifications
Inheritance tax: rules for trusts etc
Group relief where surrendering company not resident in UK
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
Amendments of Chapter 4 of Part 10 of
After paragraph 77 of Schedule 18 to FA 1998 (joint...
(1) The amendments made by this Schedule, other than those...
Relief for research and development: subjects of clinical trials
Relief for research and development: subjects of clinical trials
Relief for research and development: subjects of clinical trials
Relief for research and development: subjects of clinical trials
Claims for relief for research and development
Schedule 18 to FA 1998 (company tax returns, assessments and...
The amendments made by paragraphs 2 to 9 have effect...
(1) This paragraph applies where a company is entitled to...
(1) Paragraph 10 (other claims and elections to be included...
In paragraph 83A (Part 9A: introduction) for “claims for R&D...
In each of the following provisions for “claim for an...
In the title of Part 9A, “R&D tax credit” becomes...
After paragraph 83L insert— Part 9BA Claims for relief under...
In paragraph 83M (Part 9C: introduction) for “claims for tax...
In paragraph 83R (penalty), in sub-paragraph (1)(a) for “a claim...
In the title of Part 9C, “tax credit” becomes “...
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Taxation of activities of film production company
Film tax relief: further provisions
For section 6 of the Films Act 1985 (c. 21)...
For the heading to Schedule 1 to that Act substitute...
For paragraph 1 of that Schedule substitute— Preliminary (1) In this Schedule— “film” includes any record, however made,...
For paragraph 2 of that Schedule substitute— Applications for certification...
For paragraph 3 of that Schedule substitute— Certification and withdrawal...
In paragraph 4 of that Schedule (British films for purposes...
(1) Paragraph 5 of that Schedule (excluded films) is amended...
In paragraph 9 of that Schedule (determination of disputes) for...
In paragraph 10 of that Schedule (regulations and orders)—
(1) Section 826 of ICTA (interest on tax overpaid etc)...
In Schedule 18 to FA 1998 (company tax returns), in...
In paragraph 52 of that Schedule (recovery of excessive repayments...
After Part 9C of that Schedule insert— Part 9D Claims...
(1) Sections 43A to 43G of ICTA (rent factoring) shall...
Avoidance involving financial arrangements
(1) Section 85A of FA 1996 (computation in accordance with...
(1) After section 85B of FA 1996 (amounts recognised in...
(1) Section 91A of FA 1996 (shares subject to outstanding...
(1) Section 91B of FA 1996 (non-qualifying shares) is amended...
(1) Section 91D of FA 1996 (condition 2 for section...
(1) After section 93B of FA 1996 insert— Creditor relationships...
(1) Section 100 of FA 1996 (money debts etc not...
(1) Section 103 of FA 1996 (interpretation of Chapter 2...
(1) In Schedule 9 to FA 1996 (loan relationships: special...
(1) Section 730 of ICTA (transfers of rights to receive...
Avoidance involving financial arrangements
(1) Paragraph 17A of Schedule 26 to FA 2002 (computation...
(1) In Schedule 26 to FA 2002 (derivative contracts), paragraph...
(1) In Schedule 26 to FA 2002 (derivative contracts), paragraph...
(1) Paragraph 54 of Schedule 26 to FA 2002 (interpretation...
(1) After section 736B of ICTA (deemed manufactured payments in...
(1) In section 736B of ICTA (deemed manufactured payments in...
Avoidance involving financial arrangements
(1) Section 785A of ICTA (rent factoring of leases of...
(1) After section 263D of TCGA 1992 (gains accruing to...
Transfer of assets abroad
Transfer of assets abroad
Transfer of assets abroad
Transfer of assets abroad
Transfer of assets abroad
Transfer of assets abroad
Transfer of assets abroad
(1) In ITTOIA 2005, section 468 (gains from contracts of...
Long funding leases of plant or machinery
CAA 2001 is amended as follows.
ITTOIA 2005 is amended as follows.
In Part 2 (trading income) after Chapter 10 insert the...
(1) Section 272 is amended as follows.
(1) The amendments made by this Schedule have effect in...
(1) The Treasury may by regulations make provision enabling a...
(1) A lease is an excepted lease if the following...
(1) The additional conditions mentioned in paragraph 17(8) are as...
(1) Condition B, C or D in paragraph 18 is...
After section 13 (use for qualifying activity of plant or...
(1) This paragraph has effect for the purposes of this...
(1) This paragraph applies where the following conditions are met—...
(1) This paragraph has effect for determining, for the purposes...
(1) For the purposes of this Part, a lease is...
(1) An asset is “under construction” at any time in...
(1) A “combined asset” is an asset which meets the...
(1) This paragraph applies in any case where there is...
(1) In this Part— “combined asset” is to be construed...
After section 34 insert— Expenditure on plant or machinery for...
(1) Section 46 is amended as follows.
(1) Section 61 (disposal events and disposal values) is amended...
In Chapter 6 of Part 2 (hire-purchase etc and plant...
In Part 2, after Chapter 6 insert— Chapter 6A Interpretation...
(1) The Table in section 84 is amended as follows....
(1) In section 172 (scope of Chapter 14 of Part...
(1) Part 10 (the ring fence: capital allowances: ship leasing)...
(1) Section 46 of CAA 2001 (general exclusions applying to...
(1) Section 67 of CAA 2001 is amended as follows....
(1) Section 105 of CAA 2001 (basic terms: “leasing”, “overseas...
(1) Section 219 of CAA 2001 (meaning of “finance lease”...
(1) Section 220 of CAA 2001 is amended as follows....
(1) Section 501A of ICTA is amended as follows.
(1) After section 25 of TCGA 1992 (non-residents: deemed disposals)...
(1) After section 41 of TCGA 1992 (restriction of losses...
(1) Section 272 of TCGA 1992 (valuation: general) is amended...
Schedule 22 to FA 2000 (tonnage tax) is amended as...
(1) In Part 7 (the ring fence: general provisions) paragraph...
Sale etc of lessor companies etc
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Sale of lessor companies
Insurance companies
Insurance companies
Insurance companies
Insurance companies
Insurance companies
Insurance companies
Insurance companies
Insurance companies
Settlements: amendment of TCGA 1992 etc
(1) In section 68 of TCGA 1992 for the definition...
(1) In section 60(1) (nominees and bare trustees) in each...
(1) In section 63 (death: application of law in Scotland)—...
(1) In section 64(1) (expenses in administration)—
(1) In section 79B(1) (attribution to trustees of gains of...
(1) In section 97(7) (supplementary provisions for offshore settlements: interpretation)—...
(1) In section 98(2) (information: application of section 745 of...
(1) In section 104(1) (share pooling) after “for the purposes...
(1) In section 109(2)(a) (share pooling: pre-1982 holdings) after “for...
(1) In section 169D(5) after “(3)” insert “ and to...
(1) For section 69(1) and (2) of TCGA 1992 (residence...
(1) In section 217 (building societies: successor companies)—
(1) In section 227(2) (employee share ownership trusts: conditions for...
(1) In section 228(5)(b) (employee share ownership trusts: unauthorised arrangement)...
(1) In section 251(5) (debts: trustee creditors)—
(1) In section 283(4) (repayment supplements)— (a) for “a trust...
(1) In section 286(3) (connected persons: trustees) omit the words...
(1) In section 288(8) (interpretation) at the appropriate places insert—...
Settlements: amendment of 1992
(1) In paragraph 1(6) of Schedule 1 (exempt amount: interpretation)...
Settlements: amendment of 1992
Settlements: amendment of 1992
(1) In each of the provisions set out in sub-paragraph...
Settlements: amendment of 1992
In section 83A(3) (trustee residence: split years)—
Paragraphs 31 and 32 shall come into force on 6th...
(1) In each of the provisions set out in sub-paragraph...
(1) In each of the provisions set out in sub-paragraph...
(1) In each of the provisions set out in sub-paragraph...
(1) In section 169(3)(a) (availability of hold-over relief)—
In paragraph 2(7)(a) of Schedule 1 (meaning of “excluded settlement”)...
In paragraph 5(1) of Schedule 4A (residence of trustees) for...
(1) In section 169F of TCGA 1992 (meaning of “interest...
In paragraph 10(2) of Schedule 4C (capital payments received by...
Paragraphs 35 to 40 shall, unless otherwise expressly provided, come...
After section 73(1) of TCGA 1992 (death of life tenant:...
In section 286(3) of TCGA 1992 (connected persons: trustees)—
(1) At the beginning of Schedule 1 to TCGA 1992...
Paragraphs 42 to 44 shall have effect in relation to...
(1) In the first column of the table in section...
(1) For section 761(7)(b) of ICTA (offshore income gain: trustee...
Settlements: amendment of 1992
(1) In paragraph 7(5) of Schedule 4A to TCGA 1992...
(1) After section 69 of TCGA 1992 insert— Sub-fund settlements...
Paragraphs 8 to 45 amend TCGA 1992.
(1) In section 13(10) (participators in non-resident companies) for “trustees...
For section 21(1)(b) (definition of “asset”) substitute—
Settlements: amendments to ICTA and ITTOIA 2005 etc
Settlements: amendments to and 2005
In section 229(2)— (a) for “held on trusts (other than...
Settlements: amendments to and 2005
In section 417(3)— (a) in paragraph (b) omit the words...
In section 421(1) for “trust” in each place substitute “...
Settlements: amendments to and 2005
Settlements: amendments to and 2005
Settlements: amendments to and 2005
Settlements: amendments to and 2005
In section 687A(1)(a) for “trustees” substitute “ the trustees of...
Settlements: amendments to and 2005
Settlements: amendments to and 2005
In section 689B(1) for “any trustees” substitute “ the trustees...
Settlements: amendments to and 2005
Settlements: amendments to and 2005
Section 764 shall cease to have effect.
In section 809— (a) in subsection (1)(a) for “trustees” substitute...
In section 839— (a) at the end of subsection (3)(b)...
In paragraph 4(12) of Schedule 28AA for the definitions of...
(1) Paragraph 7 and paragraphs 9 to 26 shall come...
(1) FA 1989 shall be amended as follows.
(1) In section 151(2)(a) of FA 1989 (assessment of trustees)...
Settlements: amendments to and 2005
(1) In section 25(9)(b) of FA 1990—
(1) In ITTOIA 2005— (a) for “trustees of trusts” in...
(1) The following provisions of ITTOIA 2005 shall cease to...
(1) In sections 628 and 630 of ITTOIA 2005 for...
(1) After section 629(7) of ITTOIA 2005 insert—
(1) FA 2005 shall be amended as follows.
(1) After section 28 of FA 2005 insert— Disapplication of...
Settlements: amendments to and 2005
Settlements: amendments to and 2005
(1) For section 619(2) to (4) of ITTOIA 2005 (charge...
(1) After section 685 of ITTOIA 2005 insert— Settlor-interested settlements...
Paragraphs 8 to 26 amend ICTA.
Section 220(2) shall cease to have effect.
In section 227— (a) in subsection (5) for “trustees (other...
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
Investment reliefs: venture capital schemes
(1) This Part of this Schedule applies where—
(1) The adjustment shall be spread in accordance with the...
(1) This paragraph applies where by reason of—
(1) If before the whole of the adjustment has been...
(1) A company that under paragraph 10 is liable to...
(1) In this Part of this Schedule “business” means—
(1) This paragraph applies where the business is carried on...
(1) The adjustment income shall be spread in accordance with...
If before the whole of the adjustment income has been...
(1) A person who under paragraph 2 is liable to...
(1) This paragraph applies in the case of the death...
In this Part of this Schedule “business” means—
(1) This paragraph applies where the business is carried on...
This Part of this Schedule does not apply to adjustment...
(1) This Part of this Schedule applies where—
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Real Estate Investment Trusts: excluded business and income
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Group Real Estate Investment Trusts: modifications
Oil taxation: market value of oil
OTA 1975 is amended as follows.
At the end of Schedule 3 insert— Power to make...
(1) Schedule 8 to F(No.2)A 1987 (amendments of Schedule 10...
(1) Section 493 of ICTA (valuation of oil disposed of...
(1) Section 2 is amended as follows.
(1) Section 5A is amended as follows.
(1) In section 12 (interpretation of Part 1 of the...
(1) After section 12, insert— Date of delivery or appropriation:...
(1) In section 21 (citation, interpretation and construction of the...
(1) In Schedule 2 (management and collection) paragraph 2 is...
(1) In Schedule 3 (petroleum revenue tax: miscellaneous provisions) paragraph...
In Schedule 3, for paragraph 3 substitute— (1) For the purposes of subsection (5) of section 2...
Schedule to be inserted as Schedule 19C to ICTA
(1) In IHTA 1984, after section 71 insert— Trusts for...
(1) Section 5 of IHTA 1984 (meaning of “estate”) is...
(1) After section 46 of IHTA 1984 insert— Contract of...
In section 51 of IHTA 1984 (disposal of interest in...
(1) Section 52 of IHTA 1984 (tax on termination of...
(1) Section 53 of IHTA 1984 (exceptions from tax charge...
(1) Section 54 of IHTA 1984 (exceptions from charge on...
(1) Section 54A of IHTA 1984 (special rate of charge...
In section 57A of IHTA 1984 (relief where property enters...
In section 58(1)(b) of IHTA 1984 (property to which certain...
(1) Section 58 of IHTA 1984 (meaning of “relevant property”...
(1) Section 71 of IHTA 1984 (accumulation and maintenance trusts)...
(1) Section 59 of IHTA 1984 (settlements without interests in...
(1) Section 72 of IHTA 1984 (property leaving employee trusts...
In section 76(1) of IHTA 1984 (which provides for tax...
In section 80 of IHTA 1984 (postponement of commencement date...
In section 88 of IHTA 1984 (protective trusts), after subsection...
In section 100 of IHTA 1984 (alteration of close company's...
In section 101 of IHTA 1984 (where close company has...
(1) Section 144 of IHTA 1984 (distribution etc from property...
In section 272 of IHTA 1984 (general interpretation), in the...
(1) TCGA 1992 is amended in accordance with the following...
(1) In section 71(1)(a) of IHTA 1984 (section applies to...
(1) Section 72 (death of person entitled to an interest...
In section 73 (no chargeable gain on deemed disposal under...
In section 260(2) (disposals where gain may be held over),...
(1) FA 1986 is amended as follows.
(1) Section 79 of IHTA 1984 (subsection (3) of which...
(1) In section 49 of IHTA 1984, after subsection (1)...
(1) In IHTA 1984, after section 49 insert— Immediate post-death...
(1) After section 89 (trusts for disabled persons) insert— Self-settlement...
The following paragraphs of this Part of this Schedule shall...
In section 3(3) of IHTA 1984 (failure to exercise a...
(1) Section 3A of IHTA 1984 (potentially exempt transfers) is...
Taxable property held by investment-regulated pension schemes
In section 271 of TCGA 1992 (exemptions), after subsection (1A)...
After section 273 insert— Income and gains from taxable property...
In section 278 (market value), after subsection (3) insert—
In section 280(2) (index of defined expressions), in the table,...
After Schedule 29 insert— SCHEDULE 29A Taxable property held by...
(1) Schedule 34 (non-UK schemes: application of certain charges) is...
In Schedule 36 (transitional provisions and savings), after paragraph 37...
Part 4 of FA 2004 (pension schemes) is amended as...
(1) Section 160 (payments by registered pension schemes) is amended...
In section 173 (benefits), after subsection (7) insert—
After section 174 insert— Taxable property held by investment-regulated pension...
After section 185 insert— Income and gains from taxable property...
In section 186 (relief for income derived from scheme investments),...
In section 239 (scheme sanction charge), after subsection (5) insert—...
In section 241(1) (scheme chargeable payments) insert at the end...
Pension schemes: inheritance tax
IHTA 1984 is amended as follows.
(1) Section 272 (general interpretation) is amended as follows.
In section 12 (dispositions conferring retirement benefits), after subsection (2)...
Pension schemes etc: miscellaneous
Part 4 of FA 2004 (pension schemes etc) is amended...
In section 175 (authorised employer payments), before “sponsoring” insert “...
In section 179(1), (5) and (6) (authorised employer loan), before...
In section 180(1) and (4) (scheme administration employer payments), before...
In section 181(1) (value shifting)— (a) before “sponsoring employer”, in...
In section 208(2) (unauthorised payments charge)— (a) in paragraph (a),...
In section 209(3) (unauthorised payments surcharge)— (a) in paragraph (a),...
(1) Section 210 (surchargeable unauthorised member payments) is amended as...
In section 211(1) (valuation of crystallised rights), for “the arrangement”,...
In section 212(3) (valuation of uncrystallised rights), for “the arrangement”,...
(1) Section 213 (surchargeable unauthorised employer payments) is amended as...
In section 151(5) (pension credit members), insert at the end...
(1) Paragraph 2 of Schedule 28 (scheme pension) is amended...
In paragraph 1(4)(a) of Schedule 29 (pension commencement lump sum:...
(1) Paragraph 3 of Schedule 29 (pension commencement lump sum:...
(1) Paragraph 2 of that Schedule (the permitted maximum) is...
(1) Paragraph 29 of Schedule 36 (transitional provisions: applicable amount...
(1) Paragraph 34 of that Schedule (transitional provisions: entitlement to...
In section 280(2) (general index), after the entry relating to...
In paragraph 5(1)(d) of Schedule 29 (requirement that lump sum...
(1) Paragraph 6 of Schedule 29 (refund of excess contributions...
In paragraph 16(3) of Schedule 29 (annuity protection lump sum...
(1) Section 160 (payments by registered pension schemes) is amended...
In section 216(1) (benefit crystallisation events and amounts crystallised), in...
(1) Section 219 (availability of individual's lifetime allowance) is amended...
(1) Paragraph 4 of Schedule 33 (meaning of “relevant migrant...
In section 279(1) (definitions), in the definition of “abatement”—
(1) Section 281 (minor and consequential amendments) is amended as...
(1) Section 283 (transitionals and savings) is amended as follows....
(1) Paragraph 9 of Schedule 36 (uncrystallised rights under arrangement...
Schedule 36 (transitional provisions) is amended as follows.
After paragraph 11 insert— (1) This paragraph applies where— (a) paragraph 7 makes provision...
In paragraph 14 (enhanced protection: relevant contributions), after sub-paragraph (2)...
(1) Section 161 (meaning of “payment” etc) is amended as...
(1) Paragraph 15 (enhanced protection: “the relevant crystallised amount”) is...
After that paragraph insert— (1) This paragraph applies where— (a) a person is paid...
In section 256(1) (enhanced lifetime allowance regulations)—
(1) Paragraph 22 of Schedule 36 (right to take benefits...
Schedule 36 (transitional provisions) is amended as follows.
In paragraphs 9(4)(a) and 26(3)(a) (primary protection: maximum permitted pension...
In paragraph 54(1)(b) (benefits taxable under Chapter 2 of Part...
In section 162(3) and (4) (meaning of “loan”)—
In section 164 (authorised member payments)— (a) before “member” insert...
In section 171(1) and (4) (scheme administration member payments), before...
(1) Section 173 (benefits) is amended as follows.
(1) Section 174 (value shifting) is amended as follows.
Stamp duty land tax: amendments of Schedule 15 to FA 2003
Schedule 15 to FA 2003 (stamp duty land tax: partnerships)...
In paragraph 17A (withdrawal of money etc from partnership after...
(1) Paragraphs 2 to 8 have effect in relation to...
(1) In paragraph 10 (transfer of chargeable interest to a...
In paragraph 11 (transfer of chargeable interest to a partnership:...
(1) In paragraph 13 (transfer of chargeable interest to a...
(1) In paragraph 18 (transfer of chargeable interest from a...
In paragraph 19 (transfer of chargeable interest from a partnership:...
(1) In paragraph 24 (transfer of chargeable interest from a...
In paragraph 23 (transfer of chargeable interest from a partnership...
(1) In paragraph 14 (transfer of partnership interest: consideration given...
Stamp duty land tax: amendments of Schedule 17A to FA 2003
Schedule 17A (stamp duty land tax: further provisions relating to...
(1) In paragraph 7 (variable or uncertain rent), after sub-paragraph...
(1) After paragraph 9 insert— Backdated lease granted to tenant...
In paragraph 12A (agreement for lease), at the end of...
(1) In paragraph 19 (provisions relating to leases in Scotland),...
(1) In paragraph 13 (increase in rent treated as grant...
(1) In paragraph 14 (increase of rent treated as grant...
(1) In paragraph 15 (increase of rent after fifth year:...
(1) Paragraph 2 has effect in relation to any lease...
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