Finance Act 2006 (c. 25)
695(1)Amend Schedule 10 (sale etc of lessor companies etc) as follows.
(2)In paragraph 5(1) after “trade” insert “carried on wholly or partly in the United Kingdom” and for “Case I of Schedule D” substitute “Chapter 2 of Part 3 of CTA 2009”.
(3)In paragraph 23(5) for the words from “means the business” to the end substitute “means the business the profits or losses of which are determined, in relation to the company, under section 1259 of CTA 2009.”
(4)In paragraph 28(2) for paragraphs (a) and (b) substitute “any matter that would be taken into account in determining under section 1262 of CTA 2009 (but without regard to sections 1263 and 1264 of that Act) the company’s share at that time of the profits or loss of the business.”
(5)In paragraph 38(9)—
(a)in paragraph (a) for “(Schedule A losses)” substitute “(UK property business losses)”, and
(b)in paragraph (d) for “(Case VI losses)” substitute “(losses from miscellaneous transactions)”.