Part 3 Amendments of Other Acts
Finance Act 2012 (2012 c 14) | Legislation

Part 3 Amendments of Other Acts

Finance Act 1950

64

FA 1950 is amended as follows.

65

In section 39(3)(b)(ii) (treatment for taxation purposes of enemy debts etc written off during the war), for “an expenses deduction for the purposes of Step 1 of section 76(7) of the Income and Corporation Taxes Act 1988†substitute “ordinary BLAGAB management expenses for the purposes of section 76 of the Finance Act 2012â€.

Taxes Management Act 1970

66

TMA 1970 is amended as follows.

67

(1)     Section 98 (special returns) is amended as follows.

(2)     In the first column of the Table—

(a)     omit the entry relating to regulations under section 431E(1) of ICTA, and

(b)     at the end insert—

“regulations under section 61(5) of the Finance Act 2012â€.

(3)     In the second column of the Table—

(a)     omit the entry relating to section 76ZE(4) of ICTA,

(b)     omit the entry relating to regulations under section 431E(1) of ICTA, and

(c)     at the end insert—

“regulations under section 61(5) of the Finance Act 2012â€.

Inheritance Tax Act 1984

68

IHTA 1984 is amended as follows.

69

In

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