SCHEDULES

SCHEDULE 1Chargeable gains accruing to non-residents etc

PART 2Consequential amendments

49TCGA 1992

1

Section 139 (reconstruction involving transfer of business) is amended as follows.

2

In subsection (1A)—

a

in paragraphs (a) and (b), omit “or NRCGT assets”, and

b

in the sentence after paragraph (b), for the words from “and would by virtue of” to “purposes” substitute “chargeable to corporation tax as a result of section 2B(3) or (4)”.

3

Omit subsection (1AA).