989 The definitions
Income Tax Act 2007 (2007 c 3) | Legislation

989  The definitions

The following definitions apply for the purposes of the Income Tax Acts—

“Act” has the meaning given by section 990,

[“additional rate” means the rate of income tax determined in pursuance of section 6(2) [or (2B)],]

“authorised unit trust” is to be read in accordance with [sections 616 and 619 of CTA 2010],

“bank” is to be read in accordance with section 991,

“basic rate” means the rate of income tax determined in pursuance of section 6(2) [or (2B)],

“basic rate limit” has the meaning given by section [10],

“body of persons” means any body politic, corporate or collegiate and any company, fraternity, fellowship [and] society of persons whether corporate or not corporate,

“building society” means a building society within the meaning of the Building Societies Act 1986 (c 53),

“capital allowance” means any allowance under CAA 2001,

“the Capital Allowances Act” means CAA 2001,

“chargeable gain” has the same meaning as in TCGA 1992,

“chargeable period” means an accounting period of a company or a tax year,

...

“close company” [is to be read in accordance with Chapter 2 of Part 10 of CTA 2010 (see in particular

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Unless orders

Unless ordersThis Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further below.This Practice Note provides guidance on

LEXISNEXIS

Possession with intent to supply

Possession with intent to supplyPossession with intent to supply a controlled drugIt is an offence for a person to have a controlled drug in his possession, whether lawfully or not, with intent to supply it to another in contravention of section 4(1) of the Misuse of Drugs Act 1971 (MDA

LEXISNEXIS

Notice to complete

While this Practice Note primarily covers commercial property matters, it also touches on residential considerations.Time is generally not of the essence for completion of a contract for the sale of land. If the seller or the buyer delays completion, the defaulting party will be liable in damages

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain