SCHEDULES
SCHEDULE 5Non-UK resident companies carrying on UK property businesses etc
PART 3Commencement and transitional provisions
48Transitional provisions
Where on the commencement date—
a
a non-UK resident company ceases to be within the charge to income tax and comes within the charge to corporation tax by reason of this Schedule, and
b
an accounting period of the company begins in accordance with section 9(1)(a) of CTA 2009,
the Corporation Tax (Instalment Payments) Regulations 1998 (S.I. 1998/3175) do not have effect in relation to that accounting period.