Schedule 6 | Taxation of distributions: supplemental provisions

The Taxes Act 1988

(1)In each of sections 167(2A), . . ., . . . and 819(2) of the Taxes Act 1988 (definitions of excess liability), and in the definition of “excess liability” in paragraph 19(1) of Schedule 7 to that Act, for “were charged at the basic rate” there shall be substituted “ by virtue of section 1(2)(aa) were charged at the basic rate, or (so far as applicable in accordance with section 207A) the lower rate, ”.

(2)Repealed

(3)Repealed

(4)Repealed

(5)Repealed

(6)Repealed

(7)Repealed

(8)Repealed

(9)Repealed

(10)Repealed

(11)Repealed

(12)Repealed

(13)Repealed

(14)Repealed

(15)Repealed

(16)Repealed

(17)Repealed

(18)Repealed

(19)Repealed

The Finance Act 1989 (c. 26)

(20)In each of sections 68(2)(c) and 71(4)(c) of the Finance Act 1989 . . . (which contain references to a rate equal to the sum of the basic rate and the additional rate), for the words from “a rate” to “additional rate” there shall be substituted “ the rate applicable to trusts ”.

The Finance Act 1990 (c. 29)

(21)Repealed

The Taxation of Chargeable Gains Act 1992 (c. 12)

(22)Repealed

(23)Repealed

(24)Repealed

Commencement

(1)This Schedule, except the provisions to which sub-paragraphs (2) to (5) below apply, shall have effect for the year 1993-94 and subsequent years of assessment.

(2)Repealed

(3)Repealed

(4)Repealed

(5)Repealed