SCHEDULES

SCHEDULE 1 U.K.Abolition of basis periods

PART 3 U.K.Amendments of other Acts

Income Tax Act 2007 U.K.

48 (1) Section 90 (losses that are “terminal losses”) is amended as follows.

(2) In subsection (4)—

(a) for “203(3) and (4)” substitute “7A(3) and (4)”;

(b) for “203(2)” substitute “7A(2)”.

(3) Omit subsection (5).