SCHEDULES

SCHEDULE 5U.K. Rent and other receipts from land

Part IIIU.K. Minor and consequential amendments

Commencement Information

I1Sch. 5 Pts. I-III in force and has effect as mentioned in s. 38.

Taxation of Chargeable Gains Act 1992 (c.12)U.K.

62U.K.In section 241(3) of the Taxation of Chargeable Gains Act 1992 (commercial letting of furnished holiday accommodation to be treated as trade for certain purposes), for paragraph (a) substitute—

“(a)any Schedule A business (within the meaning of the Taxes Act) which consists in the commercial letting of furnished holiday accommodation in the United Kingdom shall be treated as a trade, and”.