Schedules
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Finance Act 2000
315
1
Amend Schedule 15 (the corporate venturing scheme) as follows.
2
In paragraph 8—
a
in sub-paragraph (2) for “section 416(2) to (6) of the Taxes Act 1988” substitute “
sections 450 and 451 of CTA 2010
”
, and
b
in sub-paragraph (5) for “section 416(2) of that Act” substitute “
sections 450(2) to (4) of CTA 2010
”
.
3
In paragraph 9(1) for “section 254 of the Taxes Act 1988” substitute “
section 1115 of CTA 2010
”
.
4
In paragraph 17(3) for “section 840 of the Taxes Act 1988” substitute “
section 1124 of CTA 2010
”
.
5
In paragraph 20(3) for “section 416(2) to (6) of the Taxes Act 1988” substitute “
sections 450 and 451 of CTA 2010
”
.
6
In paragraph 21A for sub-paragraph (3) substitute—
3
In sub-paragraph (2) “property deriving its value from land” has the meaning given by section 833(2) of CTA 2010
7
In paragraph 23A(1)(d) for “section 840 of the Taxes Act 1988” substitute “
section 1124 of CTA 2010
”
.
8
In paragraph 33(3)(c)—
a
for “section 344(2) of the Taxes Act 1988” substitute “
section 942 of CTA 2010
”
, and
b
for “section 343” substitute “
section 941
”
.
9
In paragraph 33(5) for “section 416(2) to (6) of the Taxes Act 1988” substitute “
sections 450 and 451 of CTA 2010
”
.
10
In paragraph 46(2)(a) omit “for full consideration”.
11
In paragraph 70—
a
in sub-paragraph (1)(a) for “section 573 of the Taxes Act 1988” substitute “
Chapter 5 of Part 4 of CTA 2010
”
,
b
omit sub-paragraph (1)(b) and the word “and” immediately before it, and
c
in sub-paragraph (2)(a) for “section 573(2) of the Taxes Act 1988” substitute “
section 70 of CTA 2010
”
.
12
In paragraph 94(4) for “section 834(1) of the Taxes Act 1988” substitute “
section 1119 of CTA 2010
”
.
13
In paragraph 102(1)—
a
in the definition of “director” for “section 417(5) of the Taxes Act 1988” substitute “
section 452 of CTA 2010
”
,
b
in the definition of “ordinary share capital” for “section 832(1) of the Taxes Act 1988” substitute “
section 1119 of CTA 2010
”
,
c
in the definition of “research and development” for “section 837A of the Taxes Act 1988” substitute “
section 1138 of CTA 2010
”
, and
d
at the appropriate place insert—
“CTA 2010” means the Corporation Tax Act 2010;
14
In paragraph 102(3) for “Section 839 of the Taxes Act 1988” substitute “
Section 1122 of CTA 2010
”
.
15
In paragraph 103 at the appropriate place insert—
CTA 2010
paragraph 102(1)