Search Legislation

Advanced Search

Finance (No.2) Act 1987

Status:

This is the original version (as it was originally enacted).

Section 104.

SCHEDULE 9Repeals

PART IIncome Tax and Corporation Tax: General

ChapterShort titleExtent of repeal
1.

The repeals in sections 21 and 22 of the Finance Act 1970 have effect in relation to contributions made on or after 6th April 1987.

2.

The repeal in section 65 of the Finance Act 1982 has effect in accordance with section 67(6) of this Act.

1970 c. 10.The Income and Corporation Taxes Act 1970.In section 337(2), paragraph (b).
1970 c. 24.The Finance Act 1970.In section 21(4), the words “ordinary annual”.
In section 22(2), the words “ordinary annual”.
1982 c. 39.The Finance Act 1982.In section 65(1)(a), the words “in a territory”.
1987 c. 16.The Finance Act 1987.In Schedule 4, paragraphs 1(2) and 2(2).

PART IICapital Gains

ChapterShort titleExtent of repeal
1.

The repeals of section 84(2) to (4) of the Finance Act 1980, section 65 of the Finance Act 1984 and section 72(5) of the Finance Act 1985 come into force on the day appointed under section 81(8) of this Act.

2.

The remaining repeals have effect with respect to accounting periods beginning on or after 17th March 1987.

1972 c. 41.The Finance Act 1972.In section 85(6) the words from “exclusive” onwards.
Section 93.
1974 c. 30.The Finance Act 1974.In section 26(3), in paragraph (a), the words “so much of” and the words from “as remains” to “1972” and, in paragraph (b), the words “as so reduced”.
1975 c. 22.The Oil Taxation Act 1975.In section 16(1), the words “on its income”.
1980 c. 48.The Finance Act 1980.Section 84(2) to (4).
1984 c. 43.The Finance Act 1984.Section 18(6).
Section 65.
In section 79(5), the words from “(reduced” to “Finance Act 1972)”.
1985 c. 54.The Finance Act 1985.Section 72(5).

PART IIIInheritance Tax

ChapterShort titleExtent of repeal
These repeals have effect in relation to transfers of value made, and other events occuring, on or after 17th March 1987.
1984 c. 51.The Inheritance Tax Act 1984.In section 3A, in subsection (2), in paragraph (a) the words “otherwise than as settled property” and in paragraph (b) the words from “otherwise” onwards.
Section 49(3).
In section 55(2), the words “and such a disposition is not a potentially exempt transfer”.
1986 c. 41.The Finance Act 1986.In Schedule 19, paragraphs 14 and 15.

PART IVStamp Duty Reserve Tax

ChapterShort titleExtent of repeal
This repeal has effect in accordance with section 100(2) of this Act.
1986 c. 41.The Finance Act 1986.Section 91(2).

PART VOil Taxation

ChapterShort titleExtent of repeal
This repeal has effect for chargeable periods ending after 1st January 1987.
1987 c. 16.The Finance Act 1987.In section 63(1), the words from “and in” onwards.

Back to top

Options/Help

Print Options

Close

Legislation is available in different versions:

Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.

Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.

Close

Opening Options

Different options to open legislation in order to view more content on screen at once

Close

More Resources

Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • correction slips
  • links to related legislation and further information resources
Close

More Resources

Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:

  • the original print PDF of the as enacted version that was used for the print copy
  • correction slips

Click 'View More' or select 'More Resources' tab for additional information including:

  • lists of changes made by and/or affecting this legislation item
  • confers power and blanket amendment details
  • all formats of all associated documents
  • links to related legislation and further information resources