Source: http://www.legislation.gov.uk/ukpga/2010/33/part/1/prospective?timeline=true&view=plain
Timestamp: 2013-05-23 13:59:22
Document Index: 636297248

Matched Legal Cases: ['art 1', 'art 6', 'art 7', 'art 15', 'arts 2', 'art 7', 'art 13', 'art 13', 'art 12', 'art 4', 'art 4']

Finance (No. 3) Act 2010Skip to main contentSkip to navigation
Back to full view	Finance (No. 3) Act 2010Previous: IntroductionNext: Part Part 1 E+W+S+N.I.Income tax, corporation tax and capital gains taxIncome tax and corporation taxE+W+S+N.I.1Shared lives careE+W+S+N.I.Schedule 1 contains provision extending foster-care relief to other forms of care.
2Payments to special guardians and those in receipt of residence ordersE+W+S+N.I.(1)Part 6 of ITTOIA 2005 (exempt income) is amended as follows.
(2)In section 744 (payments to adopters: England and Wales)—
(a)the existing provision becomes subsection (1),
(b)in that subsection, omit the “and” before paragraph (e) and after that paragraph insert—
“(f)payments made under regulations under section 14F of the Children Act 1989 (special guardianship support services) to a person appointed as a child's special guardian,
(g)payments made to a person under section 17 of that Act (provision of services for children in need, their families and others) by reason of that person being a person in whose favour a residence order with respect to a child is in force,
(h)payments made to a person, in respect of a child, under paragraph 15 of Schedule 1 to that Act (local authority contribution to child's maintenance to recipients in whose favour residence order is in force), and
(i)payments made in accordance with—
(i)an order under that Schedule (orders for financial relief against parents etc), or
(ii)a maintenance agreement,
for the benefit of a child, to a person appointed as the child's special guardian or a person in whose favour a residence order with respect to the child is in force.”,
“(2)But a payment is not within subsection (1)(f), (g), (h) or (i) if—
(a)it is made to an excluded relative of the child,
(b)it is made to a person appointed as the child's special guardian and an excluded relative is also appointed as the child's special guardian, or
(c)it is made to a person in whose favour a residence order is in force with respect to the child and that order is also in favour of an excluded relative.
“excluded relative”, in relation to a child, means—
(a)a parent of the child, or
(b)a person who is, or has been, the husband or wife or civil partner of a parent of the child;
“maintenance agreement” has the meaning given by paragraph 10(1) of Schedule 1 to the Children Act 1989;
“residence order” has the meaning given by section 8 of that Act.”, and
(d)in the heading, after “adopters” insert “ , etc ”.
(3)In section 745 (payments to adopters: Scotland)—
(b)in that subsection, omit the “and” before paragraph (d) and after that paragraph insert—
“(e)payments made to a person under section 50 of the Children Act 1975, or section 22 of the Children (Scotland) Act 1995, by reason of that person being a person with whom a child is to live by virtue of a residence order, and
(f)payments of aliment made—
(i)in accordance with an award of aliment under the Family Law (Scotland) Act 1985, or
(ii)under an agreement (within the meaning of section 7(5) of that Act),
for the benefit of a child, to a person in whose favour a residence order with respect to the child is in force.”,
“(2)A payment is not within subsection (1)(e) or (f) if—
(a)it is made to an excluded relative of the child, or
(b)it is made to a person in whose favour a residence order is in force with respect to the child and that order is also in favour of an excluded relative.
“residence order” has the meaning given by section 11(2)(c) of the Children (Scotland) Act 1995.”, and
(4)In section 746 (payments to adopters: Northern Ireland)—
(b)in that subsection, omit the “and” before paragraph (c) and after that paragraph insert—
“(d)payments made to a person under Article 18 of the Children (Northern Ireland) Order 1995 (S.I. 1995/755 (NI 2)) (general duty of authority to provide personal social services) by reason of that person being a person in whose favour a residence order with respect to a child is in force,
(e)payments made to a person, in respect of a child, under paragraph 17 of Schedule 1 to that Order (local authority contribution to child's maintenance to recipients in whose favour residence order is in force), and
(f)payments made in accordance with—
“(2)But a payment is not within subsection (1)(d), (e) or (f) if—
“maintenance agreement” has the meaning given by paragraph 12 of Schedule 1 to the Children (Northern Ireland) Order 1995;
“residence order” has the meaning given by Article 8 of that Order.”, and
(5)The amendments made by this section have effect in relation to the tax year 2010-11 and subsequent tax years.
3Qualifying care relief: capital allowancesE+W+S+N.I.(1)Chapter 2 of Part 7 of ITTOIA 2005 (qualifying care relief) is amended as follows.
(2)In section 824 (capital allowances: introduction), after subsection (2) insert—
“(2A)In this group of sections, in relation to a relevant individual—
(a)“the care business” means the provision of qualifying care by the individual,
(b)“care business expenditure” means qualifying expenditure incurred on the provision of plant or machinery wholly or partly for the care business,
(c)“care business pool” means a pool of care business expenditure (even if the balance for the time being is nil), and
(d)a reference to “another activity” is to a qualifying activity carried on by the individual other than the care business.
(2B)In this group of sections, plant or machinery is referred to as being “in” a pool if qualifying expenditure incurred on its provision has been allocated at any time to that pool.”
(3)For section 825 substitute—
“825Unallocated capital expenditure(1)This section applies if—
(a)at the beginning of a relevant chargeable period of a relevant individual, there is care business expenditure which has not been allocated to a care business pool,
(b)the individual is entitled under CAA 2001 to allocate the expenditure, or a part of it, to a care business pool for that period, and
(c)the previous chargeable period was not a relevant chargeable period.
(2)So much of the expenditure as the individual is entitled to allocate to a care business pool for that period is to be treated for the purposes of CAA 2001 as allocated to the appropriate kind of care business pool for that period (whether or not any of it is actually so allocated).
(3)For the different kinds of pool, see section 54 of CAA 2001.
825ADeemed disposal event(1)Subsection (2) applies to a care business pool for a relevant chargeable period of a relevant individual if the previous chargeable period was not a relevant chargeable period.
(2)CAA 2001 is to apply as if—
(a)a disposal event occurs immediately after the beginning of the relevant chargeable period in respect of plant or machinery in the pool,
(b)disposal receipts fall to be brought into account in the pool for the period because of that event, and
(c)the total of the receipts equals the sum of amount A and amount B (or nil if there are no such amounts).
(3)Amount A is the amount of any expenditure treated as allocated to the pool for the period by virtue of section 825 (whether or not any of it is actually so allocated).
(4)Amount B is the amount of any unrelieved qualifying expenditure carried forward in the pool from the previous chargeable period.
825BPlant or machinery used for care business(1)This section applies if—
(a)disposal receipts fall to be brought into account in a pool for a relevant chargeable period by virtue of section 825A, and
(b)on the re-start date, the relevant individual still owns any of the plant or machinery which was in that pool and is still using any of it for the purposes of the care business.
(2)The re-start date is the first day of the first subsequent chargeable period which is not a relevant chargeable period.
(3)A reference in this section to the retained plant or machinery is to so much of the plant or machinery in the pool as the relevant individual—
(a)still owns on the re-start date, and
(b)is still using on that date for the purposes of the care business.
(4)The individual is to be treated under CAA 2001—
(a)as having brought the retained plant or machinery into use on the re-start date for the purposes of the care business,
(b)as having incurred capital expenditure on the provision of that plant or machinery for those purposes on that date, and
(c)as owning that plant and machinery as a result of having incurred that expenditure.
(5)The total amount of expenditure which the individual is to be treated as having incurred (for all of the retained plant or machinery) is the smaller of—
(a)the total market value of the retained plant or machinery on the re-start date, and
(b)an amount equal to the disposal receipts brought into account in the pool as described in subsection (1)(a).
(6)If the individual is treated under section 13 of CAA 2001 as having incurred notional expenditure before the re-start date as a result of bringing plant or machinery in the pool into use for the purposes of another activity, the amount mentioned in subsection (5)(b) must be reduced by the total amount of that expenditure, as determined in accordance with section 825C(2).
(7)But subsection (6) does not apply if the plant or machinery which was brought into use for the purposes of another activity is the retained plant or machinery (for example, where it was brought into use only partly for the purposes of that other activity).
(8)The question whether the provision of the retained plant or machinery is to be treated as wholly or only partly for the purposes of the care business is to be determined according to whether the use referred to in subsection (3)(b) is wholly or only partly for those purposes.
825CPlant or machinery used for other qualifying activities(1)This section applies if—
(a)disposal receipts fall to be brought into account in a pool by virtue of section 825A because of a disposal event, and
(b)after that disposal event, the relevant individual brings any of the plant or machinery in that pool into use for the purposes of another activity.
(2)Section 13 of CAA 2001 has effect as if the total amount of the notional expenditure which the individual is treated under that section as having incurred, for all of the plant or machinery in that pool which is brought into use for the purposes of the other activity, were the smaller of—
(a)the total market value of that plant or machinery on the day on which it is brought into use for the purposes of that other activity, and
(b)an amount equal to the disposal receipts brought into account in the pool as mentioned in subsection (1)(a).
(3)Subsection (2) does not apply to plant or machinery brought into use for the purposes of another activity if—
(a)the individual is treated by virtue of section 825B as having already brought that plant or machinery into use for the purposes of the care business, or
(b)this section has already applied to that plant or machinery since the disposal event.
(4)The amount mentioned in subsection (2)(b) must be reduced by the appropriate sum if some plant or machinery in the pool is brought into use for the purposes of another activity after —
(a)the individual is treated by virtue of section 825B as having brought other plant or machinery in that pool into use for the purposes of the care business, or
(b)this section has applied to other plant or machinery in that pool since the disposal event.
(5)The appropriate sum is—
(a)in a case within paragraph (a) of subsection (4), the total amount of expenditure which the individual is treated by virtue of section 825B as having incurred on the provision of that other plant or machinery, and
(b)in a case within paragraph (b) of that subsection, the total amount of the notional expenditure (as determined in accordance with subsection (2)) which the individual is treated under section 13 of CAA 2001 as having incurred on the provision of that other plant or machinery since the disposal event.
825DSubsequent disposal events(1)This section applies to an item of plant or machinery which a relevant individual—
(a)is treated by virtue of section 825B as bringing into use, or
(b)brings into use in circumstances where section 825C(2) applies.
(2)The date (in either case) on which the item is brought or treated as brought into such use is referred to in this section as the applicable date.
(3)The first disposal event to occur in respect of the item on or after the applicable date is to be regarded for the purposes of section 60(3) of CAA 2001 as the first such event.
(4)That event requires a disposal value to be brought into account regardless of anything to the contrary in section 64(1) of that Act.
(5)But a reference in section 62 of that Act to the amount of qualifying expenditure incurred by the individual on the provision of that item is a reference to the amount of qualifying expenditure originally incurred by the individual on its provision (and not to any proportion of the total amount treated by virtue of section 825B or 825C as having been incurred).”
(4)The amendments made by this section have effect in relation to chargeable periods ending on or after the day on which this Act is passed (“the commencement day”).
(5)For anyone who was a relevant individual for the most recent chargeable period ending before the commencement day, sections 825B and 825C of ITTOIA 2005 have effect (on and after that day) as if references in those sections to section 825A were references to section 825 as it was in force immediately before the commencement day.
4Seafarers' earningsE+W+S+N.I.(1)Section 378 of ITEPA 2003 (deductions from seafarers' earnings: eligibility) is amended as follows.
(2)In subsection (1)(a), after “relevant taxable earnings” insert “ or EEA-resident earnings ”.
“(6)In this section—
“EEA-resident earnings” means section 15 or 27 earnings for a period—
(a)in which the employee is resident for tax purposes in an EEA state (other than the United Kingdom), and
(b)which falls within a tax year in which the employee is not ordinarily UK resident,
“resident for tax purposes” means liable, under the law of the EEA state, to tax there by reason of domicile or residence,
“section 15 earnings” means general earnings to which section 15 applies, and
“section 27 earnings” means general earnings to which section 27 applies.”
(4)The amendments made by this section have effect for the tax year 2011-12 and subsequent tax years but only in relation to eligible periods beginning on or after 6 April 2011.
5Venture capital schemesE+W+S+N.I.Schedule 2 contains provision about venture capital schemes.
6Enterprise management incentivesE+W+S+N.I.(1)Schedule 5 to ITEPA 2003 (enterprise management incentives) is amended as follows.
(2)In paragraph 8 (qualifying companies: introduction), omit the “and” at the end of the entry relating to “number of employees” and after the entry relating to “trading activities” insert “, and UK permanent establishment (see paragraph 14A).”
(3)After paragraph 14 insert—
“14A“The UK permanent establishment requirement(1)The UK permanent establishment requirement is met if condition A or B is met.
(2)Condition A is that the company has a permanent establishment in the United Kingdom.
(a)the company is a parent company, and
(b)any other member of the group—
(i)meets the conditions in paragraph 14(1)(a) (trading activities requirement), and
(ii)has a permanent establishment in the United Kingdom.”
(4)In paragraph 15(1) (meaning of “qualifying trade”), omit paragraph (a) (requirement that trade be carried on wholly or mainly in United Kingdom).
(5)The amendments made by this section have effect in relation to options granted on or after the day on which this Act is passed.
7Settlor to return excess repayment to trustees etcE+W+S+N.I.(1)Section 646 of ITTOIA 2005 (adjustments between settlor and trustees etc) is amended as follows.
(2)For subsection (4) substitute—
“(4)Subsection (5) applies if a settlor chargeable to tax under section 624 or 629 obtains a repayment by reason of the payment of the tax by—
(a)any trustee, or
(b)any other person to whom the income is payable by virtue of or as a result of the settlement.”
(3)In subsection (5), for “excess” substitute “ repayment ”.
“(6A)For the purpose of subsection (5), the settlor may require an officer of Revenue and Customs to provide the settlor with a certificate specifying—
(a)that the settlor has obtained a repayment as mentioned in subsection (4), and
(b)the amount of the repayment.
(6B)A certificate provided under subsection (6A) is conclusive evidence of the facts stated in it.”
(5)In subsection (7), for “Any” substitute “ Subject to subsections (6A) and (6B), any ”.
(6)The amendments made by this section have effect in relation to repayments of tax for the tax year 2010-11 or any subsequent tax year.
8Collection of income tax where sum deducted by payerE+W+S+N.I.In Chapter 16 of Part 15 of ITA 2007, after section 963 (collection of income tax on certain payments by other persons) insert—
“963A Power to make regulations modifying section 963(1)The Commissioners for Her Majesty's Revenue and Customs may by regulations modify, replace or supplement any provision of section 963(2) to (4).
(2)Regulations under this section may only be made for the purpose of regulating the time at and manner in which persons making payments within section 963(1)(a) or (b) are to account for and pay income tax which is to be collected from them in respect of those payments.
(3)In particular, regulations under this section may, in relation to income tax for which a person is liable to account—
(a)modify any provision of Parts 2 to 6 of TMA 1970, or
(b)apply any such provision with or without modifications.
(a)make different provision for different kinds of payer,
(b)make different provision for different circumstances, and
(c)authorise the Commissioners for Her Majesty's Revenue and Customs, if they think there are special circumstances justifying it, to make special arrangements in relation to income tax for which a person is liable to account.
(5)Regulations under this section may contain incidental, supplemental, consequential and transitional provision and savings.
(6)The Commissioners for Her Majesty's Revenue and Customs must not make any regulations under this section unless a draft of them has been laid before and approved by a resolution of the House of Commons.
(7)References in this Act and in any other enactment to any of the provisions of section 963(2) to (4) are to be read as references to those provisions as modified, replaced or supplemented by provision made by regulations under this section.”
9Company distributionsE+W+S+N.I.Schedule 3 contains provision about company distributions.
10REITs: stock dividendsE+W+S+N.I.Schedule 4 contains provision about the issue of stock dividends by a company UK REIT or the principal company of a group UK REIT.
11Financing costs and income of group companiesE+W+S+N.I.Schedule 5 contains—
(a)amendments of Part 7 of TIOPA 2010 (tax treatment of financing costs and income of companies that are members of a group) and consequential amendments of other provisions of that Act, and
(b)provision enabling a group, by election, to defer the application in relation to it of certain amendments contained in the Schedule.
12Consortium claims for group reliefE+W+S+N.I.Schedule 6 contains provision about claims for group relief from corporation tax made by companies which are members of, or owned by, a consortium.
13R&D relief for SMEs: removal of intellectual property conditionE+W+S+N.I.(1)Part 13 of CTA 2009 (additional relief for expenditure on research and development) is amended as follows.
(2)In section 1052 (qualifying expenditure on in-house direct R&D)—
(a)in subsection (1), for “conditions A to E” substitute “ conditions A, B, D and E ”, and
(b)omit subsection (4) (condition C: intellectual property created as result of research and development to which expenditure is attributable to be vested in company).
(3)In section 1053 (qualifying expenditure on contracted out R&D)—
(a)in subsection (1)(b), for “conditions A to D” substitute “ conditions A, C and D ”, and
(b)omit subsection (3) (condition B: same intellectual property condition).
(4)In section 1071 (subsidised qualifying expenditure on in-house direct R&D)—
(a)in subsection (1), for “conditions A to E” substitute “ conditions A to C and E ”, and
(b)omit subsection (5) (condition D: same intellectual property condition).
(5)In section 1072 (subsidised qualifying expenditure on contracted out R&D)—
(a)in subsection (1)(b), for “conditions A to F” substitute “ conditions A to D and F ”, and
(b)omit subsection (6) (condition E: same intellectual property condition).
(6)Omit section 1139 (meaning of “intellectual property”).
(7)In Schedule 4 to CTA 2009 (index of defined expressions), omit the entry relating to “intellectual property (in Part 13)”.
(8)The amendments made by this section have effect in relation to expenditure incurred by a company in an accounting period ending on or after 9 December 2009.
14Film tax credit: unused lossesE+W+S+N.I.(1)Section 1201 of CTA 2009 (film tax credit claimable where company has surrenderable loss) is amended as follows.
(a)for “any period” substitute “ an accounting period ”, and
(b)in paragraph (a), for “the company's loss” substitute “ the company's available loss ”.
“(2A)The company's available loss for an accounting period is given by—
L is the amount of the company's loss for the period in the separate film trade, and
RUL is the amount of any relevant unused loss of the company.
(2B)The “relevant unused loss” of a company is so much of any available loss of the company for the previous accounting period as has not been—
(a)surrendered under section 1202(1), or
(b)carried forward under section 45 of CTA 2010 and set against profits of the separate film trade.”
(4)In subsection (4), in the definition of “S”, for “surrendered in previous periods” substitute “ previously surrendered ”.
(5)After that subsection insert—
“(5)If a period of account of the separate film trade does not coincide with an accounting period, any necessary apportionments are to be made by reference to the number of days in the periods concerned.”
(6)In section 1202(4) of that Act (company's loss reduced by amount surrendered), for “loss in the separate film trade” substitute “ available loss ”.
(7)The amendments made by this section have effect in relation to accounting periods ending on or after 9 December 2009.
(8)In relation to those accounting periods the amendments, and corresponding amendments of paragraphs 6 and 11 of Schedule 5 to FA 2006, are to be treated as always having had effect.
15Insurance business transfer schemes: non-profit fund transferred assetsE+W+S+N.I.(1)Chapter 1 of Part 12 of ICTA (insurance companies etc) is amended as follows.
(2)Section 444AB (transfer schemes: charge on transferor in respect of relevant non-transferred assets and retained assets) is amended as follows.
(3)In subsection (1)(b), for “or condition” substitute “ , AA or ”.
(4)In subsection (2), for the words after “business transfer” substitute “scheme— (a)if the transferee is an insurance company or an insurance special purpose vehicle, are not, immediately after their transfer, assets of the transferee's long-term insurance fund, or
(b)if the transferee is not an insurance company, an insurance special purpose vehicle or a friendly society, would not, immediately after their transfer, be assets of the transferee's long-term insurance fund if the transferee were an insurance company with permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance,
(“non long-term fund transferred assets”).”
“(2A)Condition AA is met if—
(a)the transferee is not an insurance company, an insurance special purpose vehicle or a friendly society, and
(b)any of the assets of the transferor's long-term insurance fund which are transferred from the transferor to the transferee by the insurance business transfer scheme would, immediately after their transfer, be assets of a non-profit fund of the transferee if the transferee were an insurance company with permission under Part 4 of the Financial Services and Markets Act 2000 to effect or carry out contracts of insurance (“non-profit fund transferred assets”).”
(6)In subsection (4), for “relevant non-transferred assets or retained assets (or both)” substitute “ non long-term fund transferred assets, non-profit fund transferred assets or retained assets ”.
(7)In subsection (5), for “relevant non-transferred assets;” substitute “ non long-term fund transferred assets, section 444ABAA makes provision for its calculation in relation to non-profit fund transferred assets ”.
(8)In subsection (8), for “paragraph (2)(a)” substitute “ subsection (2)(a) and (b) ”.
(9)In subsection (1) of section 444ABA (relevant amount in relation to relevant non-transferred assets), for “relevant non-transferred assets” substitute “ non long-term fund transferred assets ”; and for the heading of that section substitute “ Non long-term fund transferred assets ”.
(10)After that section insert—
“444ABAANon-profit fund transferred assets(1)For the purposes of section 444AB the relevant amount in relation to assets that are non-profit fund transferred assets is—
FVA is the fair value of the assets on the transfer date,
ABTO is any amount brought into account in respect of the assets as a business transfer-out and shown (or treated as shown) in line 32 of Form 40 in the periodical return of the transferor for the period of account of the transferor including the transfer date, and
TL is the amount of any non-profit fund transferred liabilities which are shown (or treated as shown) in any of lines 17, 21 to 23 and 31 to 38, but not in line 61, in Form 14 in the periodical return for the period of account of the transferor ending (or treated as ending by section 444AA) immediately before the transfer date or, if there is no period of account of the transferor so ending (or treated as so ending), the amount of any liabilities which would be so shown if one did.
(2)In subsection (1) “non-profit fund transferred liabilities” means such of the liabilities of the transferor's long-term insurance fund as are transferred from the transferor to the transferee by the insurance business transfer scheme and were, immediately before their transfer, liabilities of a non-profit fund of the transferor.
(3)See section 444AA for the meaning of “the transfer date” in this section.”
(11)The amendments made by this section have effect in relation to transfers of business taking place on or after 22 June 2010.
Chargeable gainsE+W+S+N.I.16Capital gains tax private residence relief: adult placement carersE+W+S+N.I.(1)In section 223(8) of TCGA 1992 (amount of relief), before the “and” at the end of paragraph (a) insert—
“(aa)section 225D (private residence of adult placement carer),”.
(2)In section 224 of that Act (amount of relief: further provisions), insert at the end—
“(4)This section is subject to section 225D (private residence of adult placement carer).”
(3)In that Act, after section 225C insert—
“225DPrivate residence of adult placement carer(1)This section applies where a gain to which section 222 applies accrues to an individual (“A”) and, at any time during A's period of ownership, part of the dwelling-house was occupied by another person (“B”)—
(a)in England and Wales, pursuant to an adult placement scheme,
(b)in Scotland, pursuant to arrangements which constitute or form part of an adult placement service involving the provision of accommodation for B, or
(c)in Northern Ireland, pursuant to arrangements made with an adult placement agency for the provision of accommodation for B.
(2)For the purposes of this Part, in determining the periods during which the dwelling-house, or any part of the dwelling-house, was A's only or main residence, B's occupation of part of the dwelling-house pursuant to the scheme or arrangement is to be disregarded.
(3)For the purposes of section 224, the occupation of the part of the dwelling-house by B pursuant to the scheme or arrangement does not amount to the use of that part of the dwelling-house by A exclusively for the purpose of a trade, business, profession or vocation.
“adult placement agency” means an organisation or undertaking—
(a)that arranges for the provision of care and support (including accommodation) for persons in need, and
(b)in respect of which a requirement to register arises under Article 12 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003,
“adult placement scheme” means a scheme—
(a)under which an individual agrees with the person carrying on the scheme to provide care and support (including accommodation) to an adult who is in need of it, and
(b)in respect of which a requirement to register arises under section 11 of the Care Standards Act 2000, and
“adult placement service” has the meaning given by paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010.”
(4)The amendments made by this section have effect in relation to disposals made on or after 9 December 2009.
(5)Until the coming into force of paragraph 11 of schedule 12 to the Public Services Reform (Scotland) Act 2010, the reference to that provision in section 225D(4) of TCGA 1992 is to section 2(16) of the Regulation of Care (Scotland) Act 2001.
17Reinvestment of ring fence assets: acquisition by member of groupE+W+S+N.I.(1)After section 198G of TCGA 1992 insert—
“198HAcquisition by member of same groupSection 198A or 198B is to apply where—
(a)the disposal is by a company which, at the time of the disposal, is a member of a group of companies (within the meaning given in section 170),
(b)the acquisition is by another company which, at the time of the acquisition, is a member of the same group, and
(c)the claim under that section is made by both companies,
as if both companies were the same person.”
(2)The amendment made by this section has effect in relation to disposals made on or after 22 April 2009 (whether the acquisition takes place before, on or after that date).
Capital allowancesE+W+S+N.I.18First-year allowances on zero-emission goods vehiclesE+W+S+N.I.Schedule 7 contains provision about first-year allowances on zero-emission goods vehicles.