SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 2Other enactments

Income Tax (Trading and Other Income) Act 2005 (c. 5)

609

1

Amend section 180 (cost to buyer of stock valued on sale basis of valuation) as follows.

2

In subsection (1) after “trade” insert “ , profession or vocation ”.

3

In subsection (2)(b) for “section 100(1A) to (1C) of ICTA” substitute “ section 164(3) or sections 165 to 167 of CTA 2009 ”.