SCHEDULES

SCHEDULE 5Non-UK resident companies carrying on UK property businesses etc

PART 2Supplementary & Consequential amendments

19CTA 2009

In section 609 (company with derivative contract ceasing to be UK resident) in subsection (2)—

a

after “owed” insert

—

a

b

at the end insert

,

b

for the purposes of the company’s trade of dealing in or developing UK land,

c

for the purposes of the company’s UK property business, or

d

for the purposes of enabling the company to generate other UK property income (within the meaning given by section 5(6)).