| Guvnor

Enforced by: HMRC
Status: In Force
Penalty ceiling: Imprisonment 1 of 7 obligations carry up to 2 years imprisonment. 6 have no criminal penalty — flagged in the list below.

Does it bind you?

Business-side roles with duties under this instrument.

Any Person4 Trader1

Plus 2 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

Other Acts binding the same actors

If a role above is yours, these are the other instruments that most often bind it.

Any Person — also bound by 2340 other Acts

Human Medicines Regulations 2012 184 duties

Merchant Shipping Act 1995 144 duties

Insolvency (England and Wales) Rules 2016 104 duties

Communications Act 2003 92 duties

Road Traffic Act 1988 92 duties

Trader — also bound by 825 other Acts

Value Added Tax Regulations 1995 416 duties

Companies Act 2006 243 duties

The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 133 duties

Companies Act 1985 85 duties

Insolvency (England and Wales) Rules 2016 62 duties

What it requires

Sections creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

Part 1

Income tax, capital gains tax and corporate taxes

1 of 36 sections shown

s.004 Freezing starting rate limit for savings for tax year 2025-26 Imprisonment

Fail to comply with or hinder a direction under section 2Any Person

35 other sections in this Part — procedural and definitional

s.001 Income tax charge for tax year 2025-26

s.002 Main rates of income tax for tax year 2025-26

s.003 Default and savings rates of income tax for tax year 2025-26

s.005 Appropriate percentage for cars: tax year 2028-29

s.006 Appropriate percentage for cars: subsequent tax years

s.007 Main rates of CGT for gains other than carried interest gains

s.008 Business asset disposal relief: increase in rate

s.009 Investors’ relief: increase in rate

s.010 Investors’ relief: reduction in amount qualifying for relief

s.011 Sections 7 to 10 : transitional provision

s.012 Rate of CGT for carried interest gains

s.013 Charge and main rate for financial year 2026

s.014 Standard small profits rate and fraction for financial year 2026

s.015 Increase in rate of energy (oil and gas) profits levy

s.016 Relief from levy for investment expenditure

s.017 Extending the period for which levy has effect

s.018 Decommissioning of carbon storage installations

s.019 Pillar Two

s.020 Offshore receipts in respect of intangible property

s.021 Application of PAYE in relation to internationally mobile employees etc.

s.022 Advance pricing agreements: indirect participation in financing cases

s.023 Expenditure on zero-emission cars

s.024 Expenditure on plant or machinery for electric vehicle charging point

s.025 Commercial letting of furnished holiday accommodation

s.026 Films and television programmes: increased relief for visual effects

s.027 Certification of films etc: minor amendments

s.028 Films etc: unpaid amounts

s.029 Research and development relief: Northern Ireland companies

s.030 Research and development intensity condition: transitional provision

s.031 Employee-ownership trusts

s.032 Overseas transfer charge: pension schemes in EEA state or Gibraltar

s.033 Overseas pension schemes established in EEA states

s.034 Pension scheme administrators required to be resident in United Kingdom

s.035 Alternative finance: diminishing shared ownership refinancing arrangements

s.036 Statutory neonatal care pay

Part 2

Replacement of special rules relating to domicile

0 of 10 sections shown

10 other sections in this Part — procedural and definitional

s.037 Claim for relief on foreign income

s.038 Claim for relief on foreign employment income

s.039 Claim for relief on foreign gains

s.040 Remittance basis not available after tax year 2024-25

s.041 Temporary repatriation facility

s.042 Rebasing of assets

s.043 Trusts: connected amendments, transitional provision etc

s.044 Excluded property: domicile test replaced with long-term residence test

s.045 Corresponding change for settled property

s.046 Consequential, connected and transitional provision

Part 3

Other taxes

4 of 33 sections shown

s.065 Rates of tobacco products duty Regulated

Pay the correct rates of tobacco products dutyTrader

s.068 Rates of vehicle excise duty for rigid goods vehicles with trailers Regulated

Pay the correct Vehicle Excise Duty for rigid goods vehicles with trailersAny Person

s.069 Vehicle excise duty for vehicles with exceptional loads etc Regulated

Pay increased vehicle excise duty for heavy or exceptional loadsAny Person

s.070 Rate of vehicle excise duty for haulage vehicles other than showman’s vehicles Regulated

Pay increased vehicle excise duty for haulage vehiclesAny Person

29 other sections in this Part — procedural and definitional

s.047 Removal of exemption for private school fees

s.048 Charge on pre-paid private school fees

s.049 Sections 47 and 48 : commencement

s.050 Increased rates for additional dwellings: transactions before 1 April 2025

s.051 Increased rates for additional dwellings: transactions on or after 1 April 2025

s.052 Contracts substantially performed before relevant rate change

s.053 Purchases by companies etc

s.054 Alternative finance: land in England, Scotland or Northern Ireland

s.055 Alternative finance: land in Wales

s.056 Testing of FMI technologies or practices

s.057 Rate bands etc for tax years 2028-29 and 2029-30

s.058 EBTs: prohibition on applying property for benefit of participators etc

s.059 EBTs: restriction on proportion of beneficiaries who may be participators etc

s.060 EBTs: shares entering trust to have been held for two years

s.061 Agricultural property relief: environmental management agreements

s.062 National Savings Bank: statements from HMRC no longer to be required

s.063 Rates of alcohol duty

s.064 Abolition of duty stamps for alcoholic products

s.066 Rates of vehicle excise duty for light passenger or light goods vehicles etc

s.067 Rates of vehicle excise duty for rigid goods vehicles without trailers etc

s.071 Vehicle excise duty: zero-emission vehicles

s.072 Rates of HGV road user levy

s.073 Rates of air passenger duty until 1 April 2026

s.074 Rates of air passenger duty from 1 April 2026

s.075 Rates of climate change levy

s.076 Rates of landfill tax

s.077 Rate of aggregates levy

s.078 Rate of plastic packaging tax

s.079 Rates of soft drinks industry levy

Part 4

Miscellaneous and final

2 of 8 sections shown

s.083 Duty on vaping products Regulated

Other duties (1) — Crown / regulator

HMRC may prepare for a new vaping products dutyStatutory regulator

s.084 Carbon border adjustment mechanism Regulated

Other duties (1) — Crown / regulator

HMRC may prepare for a new Carbon Border Adjustment Mechanism (CBAM) taxStatutory regulator

6 other sections in this Part — procedural and definitional

s.080 Limited liability partnerships

s.081 Loans to participators

s.082 OECD crypto-asset reporting framework

s.085 Correction of wrong cross-reference etc

s.086 Interpretation

s.087 Short title

Schedules

0 of 340 shown

340 other schedules

s.sch001 Consequential provision in connection with section 7

s.sch001 Amendments of TCGA 1992

s.sch001 In section 6 of F(No.2)A 2024, omit—

s.sch001 In section 1I (income taxed at higher rates or gains...

s.sch001 In section 222A (determination of main residence: non-resident CGT disposals),...

s.sch001 In section 223 (amount of relief), in subsection (7)(b), for...

s.sch001 Omit Schedule 1B (residential property gains).

s.sch001 (1) Schedule 4AA (re-basing for non-residents in respect of UK...

s.sch001 Amendments of other Acts

s.sch001 In Schedule 1 to FA 2019, omit paragraph 15.

s.sch001 (1) Schedule 2 to that Act (returns and payments on...

s.sch002 Sections 7 to 10 : transitional provision

s.sch002 Introductory

s.sch002 Assets transferred on or after 6 April 2025 under unconditional contract made before 30 October 2024

s.sch002 Assets transferred on or after 6 April 2025 under unconditional contract made on or after 30 October 2024 but before 6 April 2025

s.sch002 Assets transferred on or after 6 April 2026 under unconditional contract made in tax year 2025-26

s.sch002 Paragraphs 11 to 13: supplementary provision

s.sch002 Business asset disposal relief: reorganisations of share capital before 30 October 2024

s.sch002 Business asset disposal relief: reorganisations of share capital on or after 30 October 2024 but before 6 April 2026

s.sch002 Business asset disposal relief: exchanges of securities etc before 30 October 2024

s.sch002 Business asset disposal relief: exchanges of securities etc on or after 30 October 2024 but before 6 April 2026

s.sch002 Investors’ relief: reorganisations of share capital before 30 October 2024

s.sch002 Allocation of amounts to times before or after 30 October 2024

s.sch002 Investors’ relief: reorganisations of share capital on or after 30 October 2024 but before 6 April 2026

s.sch002 Interpretation

s.sch002 Foreign chargeable gains under section 809J of ITA 2007 (section...

s.sch002 Chargeable gains treated as accruing to a settlor under section...

s.sch002 (1) This paragraph makes provision in relation to—

s.sch002 Introductory

s.sch002 Assets transferred under unconditional contract made before 30 October 2024

s.sch002 Investors’ relief: reorganisations of share capital before 30 October 2024

s.sch002 Interpretation

s.sch003 Payments into decommissioning funds

s.sch003 Payments into decommissioning fund treated as general decommissioning expenditure

s.sch003 Meaning of “relevant transferred plant or machinery”

s.sch003 Application of

s.sch003 Prevention of subsequent allowance where expenditure paid out of qualifying payment

s.sch003 Application of the Energy (Oil and Gas) Profits Levy Act 2022

s.sch003 Commencement

s.sch004 Pillar two

s.sch004 F(No.2)A 2023 is amended in accordance with—

s.sch004 Commencement

s.sch004 Permanent establishments as excluded entities

s.sch004 Use of substituted values

s.sch004 Flow-through entities

s.sch004 In section 169 (certain non tax resident entities to be...

s.sch004 In section 170 (adjustments for ultimate parent that is a...

s.sch004 (1) Section 178 (reallocation of tax expense) is amended as...

s.sch004 In section 240 (location of flow-through entities and permanent establishments),...

s.sch004 Tax equity partnerships

s.sch004 In sections 175 and 176, in the headings, for “covered...

s.sch004 Multinational top-up tax to include undertaxed profits rule

s.sch004 (1) Section 176D (tax credits etc allocated under tax equity...

s.sch004 (1) Section 176E (flow-through tax benefits: proportional amortisation method) is...

s.sch004 (1) Section 176F (flow-through tax benefits: subtraction method) is amended...

s.sch004 After section 176F insert— Clawback of earlier qualifying flow-through tax...

s.sch004 In Schedule 15 (elections), in paragraph 2(1) (annual elections), omit...

s.sch004 Blended CFC regimes

s.sch004 No allocation of deferred tax assets and liabilities under blended CFC regimes

s.sch004 Cross-border allocation of current tax under cross-crediting regimes

s.sch004 Cross-border allocation of deferred tax

s.sch004 Extension of qualifying foreign tax credits

s.sch004 Expansion of chargeable persons

s.sch004 Deferred tax recapture

s.sch004 Existing deferred tax assets and liabilities arising under blended CFC regimes

s.sch004 Substance based income exclusion: permanent establishments and flow-through entities

s.sch004 For section 198 (eligible payroll costs and eligible tangible asset...

s.sch004 In section 196 (eligible payroll costs), after subsection (6) insert—...

s.sch004 In section 197 (eligible tangible asset amount), after subsection (9)...

s.sch004 Eligible payroll costs

s.sch004 Additional top-up amounts

s.sch004 (1) Section 206 (additional top-up amounts where recalculations required) is...

s.sch004 Joint ventures

s.sch004 Charge to multinational top-up tax to include UTPR

s.sch004 (1) Section 227 (application of Part to joint venture groups)...

s.sch004 (1) Section 266 (qualifying entities) is amended as follows.

s.sch004 Domestic top-up tax

s.sch004 (1) Section 272 (determining top-up amounts of entity that is...

s.sch004 Domestic top-up tax: excluded entities

s.sch004 De minimis rule

s.sch004 Transitional safe harbour

s.sch004 Transitional safe harbour: arbitrage arrangements

s.sch004 Substance based income exclusion: removal of provision for election

s.sch004 Inclusion ratio

s.sch004 New chapter to deal with UTPR

s.sch004 (1) Section 223 (adjustments) is amended as follows.

s.sch004 Specification of territories and taxes

s.sch004 Filing etc not required before 30 June 2026

s.sch004 Minor amendments

s.sch004 In section 148A (transferable tax credits), in subsection (5)(a)—

s.sch004 In section 170 (adjustments for ultimate parent that is a...

s.sch004 In section 171 (ultimate parent subject to qualifying dividend regime)—...

s.sch004 In section 176B (value of non-marketable transferable tax credits: originator),...

s.sch004 In section 176C (value of non-marketable transferable tax credits: purchaser)—...

s.sch004 In section 176D (tax credits etc allocated under tax equity...

s.sch004 Transition into regime

s.sch004 In section 211 (transfer of assets or liabilities to a...

s.sch004 In section 212 (meaning of “qualifying reorganisation”), in subsection (4),...

s.sch004 In section 215 (undistributed income amount), in subsection (2)(c) omit...

s.sch004 In section 216 (election where assets and liabilities adjusted to...

s.sch004 In section 217 (post filing adjustments of covered taxes), after...

s.sch004 In section 217(8), for paragraph (a) substitute—

s.sch004 In section 220 (top-up amount of investment entity)—

s.sch004 In section 222 (investment entity effective tax rate), in Step...

s.sch004 In section 242 (ownership interests and controlling interests), in subsection...

s.sch004 In section 255 (Pillar Two rules), in subsection (6), for...

s.sch004 Consequential amendments: IIR and qualifying undertaxed profits tax

s.sch004 In Schedule 14 (administration of multinational top-up tax)—

s.sch004 In Schedule 16A (multinational top-up tax: safe harbours), in paragraph...

s.sch004 Commencement

s.sch004 Other consequential amendments etc

s.sch004 (1) In Schedule 17 (index of defined expressions), in the...

s.sch005 Furnished holiday lettings

s.sch005 FA 2004

s.sch005 TCGA 1992

s.sch005 Consequential repeals of amending provisions

s.sch005 Commencement:

s.sch005 Commencement: Part 4

s.sch005 Anti-forestalling: disposals under unconditional contracts

s.sch005 Corporation tax: accounting periods straddling 1 April 2025

s.sch005 Carry-forward of losses: income tax

s.sch005 Carry-forward of losses: corporation tax

s.sch005 Plant and machinery allowances

s.sch005 Business asset disposal relief: disposals relating to pre-commencement businesses

s.sch005 ITTOIA 2005

s.sch005 Post-commencement disposals by companies with substantial shareholding

s.sch005 ITA 2007

s.sch005 Consequential repeals of amending provisions

s.sch005 CTA 2009

s.sch005 CTA 2010

s.sch005 Consequential repeals of amending provisions

s.sch005 CAA 2001

s.sch005 Consequential repeals of amending provisions

s.sch006 Employee-ownership trusts

s.sch006 Introduction

s.sch006 Requirement for trustees of employee-ownership trusts to be UK resident

s.sch006 Trustee independence

s.sch006 Temporary breach of trustee independence requirement or residence requirement arising from death of trustee

s.sch006 Consideration requirement

s.sch006 Extended period for disqualifying events

s.sch006 Additional information to be provided in claims

s.sch006 Participation requirement not infringed by exclusion of directors

s.sch006 Relief for distributions to trustees of employee-ownership trusts

s.sch007 Diminishing shared ownership refinancing arrangements

s.sch007 Income tax

s.sch007 Corporation tax

s.sch007 Capital gains tax

s.sch007 Application

s.sch008 Relief on foreign employment income: consequential and transitional provision

s.sch008 (1) ITEPA 2003 is amended as follows.

s.sch008 (1) ITA 2007 is amended as follows.

s.sch008 In Part 8 of Schedule 3 to the Social Security...

s.sch008 After section 690C of ITEPA 2003 (employees who were internationally...

s.sch008 Individuals no longer meeting section 26A requirement not qualifying new residents

s.sch008 Certain individuals meeting section 26A requirement treated as qualifying new residents

s.sch008 Limit on relief not to apply to certain foreign employment relief claims

s.sch008 Definitions

s.sch009 Income tax and capital gains tax: remittance basis and domicile

s.sch009 No remittance basis for tax years after 2024-25

s.sch009 In section 62 of TCGA 1992 (residence of personal representatives),...

s.sch009 Residence of trustees: domicile of settlor no longer relevant

s.sch009 (1) Section 69 of TCGA 1992 (trustees of settlements) is...

s.sch009 (1) In the Money Laundering, Terrorist Financing and Transfer of...

s.sch009 Application of Income Tax Acts in relation to deemed employment

s.sch009 Pension schemes

s.sch009 In section 7 of F(No.2)A 2005 (social security pension lump...

s.sch009 Domicile of overseas electors

s.sch009 In ITA 2007 omit section 835B (domicile for income tax...

s.sch009 Situs of debt

s.sch009 Amendments of TCGA 1992 connected with end of remittance basis

s.sch009 Trust reporting requirements

s.sch009 Trusts with vulnerable beneficiary

s.sch009 Disposals of deeply discounted securities

s.sch009 The accrued income scheme

s.sch009 FOTRA securities

s.sch009 Reliefs in respect of income from investments etc. of certain pension schemes

s.sch009 Education funding

s.sch009 Making Tax Digital

s.sch009 Amendments of ITEPA 2003 connected with end of remittance basis

s.sch009 Amendment of ITTOIA 2005 connected with end of remittance basis

s.sch009 When amounts will be remitted

s.sch009 Relief for amounts remitted again on becoming UK resident

s.sch009 Removal of exemption for persons not domiciled in United Kingdom

s.sch009 Transferable tax allowance for married couples etc

s.sch009 Residence of personal representatives: domicile of deceased no longer relevant

s.sch010 Temporary repatriation facility

s.sch010 Introduction and charge

s.sch010 Income tax exemptions and relief

s.sch010 Income tax exemptions: application of transfer of assets abroad rules in future years

s.sch010 Capital gains tax: main exemption

s.sch010 Capital gains tax: reliefs in respect of matched capital payments

s.sch010 Amounts derived from designated qualifying overseas capital

s.sch010 Effect of this Schedule on section 65(5) IHTA 1984 and section 260(2) of TCGA 1992

s.sch010 Temporary disapplication of nominated income ordering rules

s.sch010 Mixed funds: section 809Q of ITA 2007

s.sch010 Mixed funds: section 809R of ITA 2007

s.sch010 Mixed funds: TRF capital account

s.sch010 Temporary application of annualised basis to mixed funds containing TRF capital

s.sch010 Business investment relief

s.sch010 Qualifying overseas capital: main cases

s.sch010 No tax credits for pre 2016-17 dividends etc

s.sch010 Commencement

s.sch010 Capital payments made by settlement: section 87 and 89 TCGA 1992 cases

s.sch010 Capital payments made by settlement: offshore income gains cases

s.sch010 Capital payments made by settlement: Schedule 4C cases

s.sch010 Amounts of income treated as qualifying overseas capital

s.sch010 Deemed income under section 732 of ITA 2007 where pre-2025 gains available for matching

s.sch010 Designation of qualifying overseas capital

s.sch010 Payment of the TRF charge through the income tax system

s.sch011 Rebasing of assets

s.sch011 Rebasing of assets for individuals who have been subject to the remittance basis

s.sch011 Assets becoming situated in the United Kingdom before 6 April 2025

s.sch011 Election for paragraph 1 not to apply

s.sch011 Rebasing under Schedule 8 to F(No.2)A 2017

s.sch012 Trusts: connected amendments, transitional provision etc

s.sch012 Chapter 5 of Part 5 of ITTOIA 2005 (settlements: amounts...

s.sch012 In section 637 (qualifications to section 636), in subsections (5)...

s.sch012 For the italic heading before section 643A, substitute— Transitional provision...

s.sch012 Before section 643A insert— “Protected foreign-source income” and “transitional trust...

s.sch012 For section 643A substitute— Benefits paid out of protected foreign-source...

s.sch012 (1) Section 643B (meaning of “untaxed benefits total” in section...

s.sch012 For section 643C substitute— Meaning of “available protected income” in...

s.sch012 (1) Section 643E (reimbursement of tax paid by settlor) is...

s.sch012 After section 643E insert— Onward gifts from non-residents or qualifying...

s.sch012 (1) Section 643F (income attributed by section 643A to user...

s.sch012 (1) Section 643G (section 643F(4): benefits and income “relating” to...

s.sch012 In section 619 (charge to tax under Chapter 5), in...

s.sch012 In section 643H (meaning of close member of settlor’s family),...

s.sch012 Omit sections 643I to 643M (old onward gift provisions).

s.sch012 (1) Section 643N (person liable under section 643J or 643L...

s.sch012 (1) Section 645 (property or income originating from settlor) is...

s.sch012 (1) Section 646 (adjustments between settlor and trustees etc) is...

s.sch012 (1) Section 648 (income arising under a settlement) is amended...

s.sch012 Chapter 2 of Part 13 of ITA 2007 (transfer of...

s.sch012 In section 718 (meaning of “person abroad” etc)—

s.sch012 In section 720 (charge to tax on income treated as...

s.sch012 In section 721 (individuals with power to enjoy income as...

s.sch012 In section 622 (person liable), for “sections 643A and 643I...

s.sch012 Omit sections 721A and 721B (meaning of “protected foreign-source income”...

s.sch012 After section 725 insert— Recovery of tax paid as a...

s.sch012 (1) Section 726 (remittance basis etc) is amended as follows....

s.sch012 In section 727 (charge to tax on income treated as...

s.sch012 In section 728 (individuals receiving capital sums as a result...

s.sch012 Omit section 729A (meaning of “protected foreign-source income”).

s.sch012 Before section 730 insert— Recovery of tax paid as a...

s.sch012 (1) Section 730 (remittance basis etc) is amended as follows....

s.sch012 (1) Section 731 (charge to tax on income treated as...

s.sch012 (1) Section 732 (deemed income where benefit received) is amended...

s.sch012 In section 624 (income where settlor retains an interest), in...

s.sch012 (1) Section 733 (income charged under section 731) is amended...

s.sch012 Omit sections 733A to 733E and 734A (old provision about...

s.sch012 (1) Section 735 (remittance basis etc) is amended as follows....

s.sch012 (1) Section 735A (matching rules) is amended as follows.

s.sch012 After section 735A insert— Transitional provision about protected foreign-source income...

s.sch012 (1) Section 735B (settlor charge: remittance-basis users) is amended as...

s.sch012 (1) Section 735C (old onward gifts provisions: remittance-basis users) is...

s.sch012 In section 736 (exemptions: introduction)— (a) in subsection (1), for...

s.sch012 Omit section 742A (post-5 April 2012 transactions: exemption for genuine...

s.sch012 In section 747 (amounts corresponding to accrued income profits and...

s.sch012 Omit sections 628A to 628C (protected foreign-source income and transitional...

s.sch012 In section 751 (tribunal’s jurisdiction on appeals), omit paragraph (da)....

s.sch012 TCGA 1992 is amended in accordance with this Part of...

s.sch012 In section 1A (territorial scope), in subsection (2)(e), omit “87K,...

s.sch012 In section 1E (losses deductible only when within scope of...

s.sch012 In section 62 (death: general provisions), in subsection (2A), omit...

s.sch012 (1) Section 86 (attribution of gains to settlors with interest...

s.sch012 In section 86A (attribution of gains to settlor where temporarily...

s.sch012 In section 87 (non-UK resident settlements: attribution of gains to...

s.sch012 (1) Section 87B (section 87: remittance basis) is amended as...

s.sch012 In section 87D (sections 87 and 87A: capital payments to...

s.sch012 In section 629 (income paid to relevant children of settlor),...

s.sch012 (1) Section 87G (settlor liable if capital payment received by...

s.sch012 In section 87H (meaning of “close member of the settlor’s...

s.sch012 For sections 87I to 87M (old onward gifting provisions) substitute—...

s.sch012 In section 91 (increase in tax payable under section 87...

s.sch012 In section 97 (supplementary provisions)— (a) in subsection (1)(a)(ii), for...

s.sch012 In section 279A (deferred unascertainable consideration: election for treatment of...

s.sch012 In section 279C (effect of election under section 279A), in...

s.sch012 In Schedule 1 (UK resident individuals not domiciled in UK),...

s.sch012 (1) Schedule 4C (transfers of value: attribution of gains to...

s.sch012 (1) Schedule 5 (attribution of gains to settlors with interest...

s.sch012 Omit section 630A (exception to section 629 for protected foreign-source...

s.sch012 Commencement

s.sch012 Settlements: transitional protection where available protected income is increased by this Schedule

s.sch012 Onward gifts: settlements (income)

s.sch012 Onward gifts: transfer of assets abroad

s.sch012 Onward gifts: settlements (chargeable gains)

s.sch012 In section 635 (capital sums charge: amount of available income)—...

s.sch012 In section 636 (capital sums charge: calculation of undistributed income)—...

s.sch013 Inheritance tax

s.sch013 IHTA 1984

s.sch013 (1) Section 64 (charge at ten-year anniversary) is amended as...

s.sch013 (1) Section 65 (exit charges etc) is amended as follows....

s.sch013 (1) Section 74A (arrangements involving acquisition of interest in settled...

s.sch013 In section 75A, omit subsection (4).

s.sch013 In section 80 (initial interest of settlor or spouse), in...

s.sch013 In section 81 (property moving between settlements), in subsection (1)—...

s.sch013 For section 81B substitute— Excluded property: property to which section...

s.sch013 Omit sections 82 and 82A (excluded property: property to which...

s.sch013 In section 94 (close companies: charge on participators), in subsection...

s.sch013 In section 136 (transfers within three years before death: transactions...

s.sch013 In section 5 (meaning of estate), for subsection (1B) substitute—...

s.sch013 In section 155 (visiting forces etc), in subsections (2) and...

s.sch013 (1) Section 157 (non-residents’ bank accounts) is amended as follows....

s.sch013 In section 218 (non-resident trustees), in subsection (1)(a), for “domiciled...

s.sch013 Omit section 267 (persons treated as domiciled in United Kingdom)....

s.sch013 (1) Section 267ZA (election to be treated as domiciled in...

s.sch013 In section 267ZB (section 267ZA: further provision about election) (as...

s.sch013 Omit sections 267ZA and 267ZB (election to be treated as...

s.sch013 Before section 267A insert— Election to be treated as a...

s.sch013 (1) Section 272 (general interpretation) is amended as follows.

s.sch013 (1) Schedule A1 (non-excluded overseas property) is amended as follows....

s.sch013 In section 6 (excluded property), omit subsection (3).

s.sch013 In Schedule 4 (maintenance funds for historic buildings etc), in...

s.sch013 FA 1986

s.sch013 FA 2004

s.sch013 In paragraph 11 (exemptions from charge), in sub-paragraph (5), after...

s.sch013 In the italic heading before paragraph 12, for “resident or...

s.sch013 (1) Paragraph 12 is amended as follows.

s.sch013 Constitutional Reform and Governance Act 2010

s.sch013 Inheritance Tax (Delivery of Accounts) (Excepted Estates) Regulations 2004 (S.I. 2004/2543)

s.sch013 In regulation 2 (interpretation)— (a) the existing text becomes paragraph...

s.sch013 (1) Regulation 4 (excepted estates) is amended as follows.

s.sch013 In section 8D(9), omit the definitions of “tax year” and...

s.sch013 In regulation 5 (spouse, civil partner and charity transfers), in...

s.sch013 In regulation 5A (IHT threshold), in paragraph (4)(a), for “died...

s.sch013 In regulation 6 (production of information), in the heading, for...

s.sch013 (1) Regulation 6A (production of information) is amended as follows....

s.sch013 Inheritance Tax (Delivery of Accounts) (Excepted Settlements) Regulations 2008 (S.I. 2008/606)

s.sch013 Commencement

s.sch013 Certain pre-commencement emigrants treated as not being long-term UK residents

s.sch013 Property moving between settlements

s.sch013 Settlor’s death etc: application to bodies corporate

s.sch013 Deemed domicile rules still to apply in relation to times before commencement

s.sch013 In section 13A(3), omit the definition of “tax year”.

s.sch013 In section 18 (transfers between spouses or civil partners), in...

s.sch013 In section 28A, omit subsection (3).

s.sch013 (1) Section 53 (exceptions from charge under section 52) is...

s.sch013 (1) Section 54 (exceptions from charge on death) is amended...

Help complying

Guvnor’s practical routes through this instrument.

Running a holiday let

Step-by-step compliance guide for self-catering holiday accommodation. Covers licensing, safety, tax, food hygiene, and employment obligations.

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FHL tax regime abolition - what's changed Holiday let tax obligations and business rates SDLT reliefs for corporate property transactions Understanding employee share schemes

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.

FA 2025

Does it bind you?

Other Acts binding the same actors

What it requires

Income tax, capital gains tax and corporate taxes

Replacement of special rules relating to domicile

Other taxes

Miscellaneous and final

Schedules

Help complying

Running a holiday let