SCHEDULES

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

PART 2Supplementary & Consequential amendments

29CTA 2010

1

Section 9 (non-UK resident company preparing return of accounts in currency other than sterling) is amended as follows.

2

For subsection (1) substitute—

1

This section applies if a non-UK resident company within the charge to corporation tax prepares its return of accounts for a period of account in a currency other than sterling (the “accounts currency”).

3

In subsection (4) omit from “of its” to “United Kingdom”.