SCHEDULES
SCHEDULE 9Transitionals and savings etc
Part 3Double taxation relief
26Interpretative rules saved for the purposes of applying sections 806A to 806K of ICTA to distributions paid before 1 July 2009
1
Despite their repeal by this Act, the saved rules have effect for the purposes of applying sections 806A to 806K of ICTA in relation to distributions paid—
a
before 1st July 2009, but
b
in accounting periods ending on or after 1st April 2010.
2
In this paragraph “the saved rules” means the following provisions of ICTA—
a
section 788(4),
b
in section 788(5), the first two sentences,
c
section 790(12), and
d
section 792.
3
The saved rules, so far as having effect as mentioned in sub-paragraph (1), have effect with the following modifications.
4
Section 788(4) of ICTA has effect as if for “by virtue of this section” there were substituted “under section 2(1) of TIOPA 2010”.
5
In section 788(5) of ICTA the first sentence has effect as if for the words before “any amount of tax” there were substituted “For the purposes of Chapter 2 of this Part in its application to relief under sections 2 and 6 of TIOPA 2010, but subject to section 31(4) of TIOPA 2010,”.
6
Section 790(12) of ICTA has effect as if for the words from the beginning to “unilateral relief,” there were substituted “In Chapter 2 of this Part in its application to relief under section 18(1)(b) and (2) of TIOPA 2010,”.
7
Section 792(1) of ICTA has effect as if—
a
for “by virtue of section 788” (in both places) there were substituted “under section 2(1) of TIOPA 2010”,
b
for “Chapter 7 of Part 3 of the Finance Act 2004” there were substituted “Part 3 of TIOPA 2010”, and
c
for “section 790” there were substituted “section 18(1)(b) and (2) of TIOPA 2010”.
8
Section 792 of ICTA has effect as if after subsection (3) there were (by way of relocation of provisions of section 790(3) of ICTA) inserted—
4
Any expression in this Chapter which imports a reference to relief under arrangements for the time being having effect under section 2(1) of TIOPA 2010 shall be deemed to import also a reference to unilateral relief.