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Contents

Legislation
Finance Act 2006
  • Introduction
  • Part 1 Excise duties
  • Part 2 Value added tax
  • Part 3 Income tax, corporation tax and capital gains tax
  • Part 4 Real Estate Investment Trusts
  • Part 5 Oil
  • Part 6 Inheritance tax
  • Part 7 Pensions
  • Part 8 Stamp taxes
  • Part 9 Miscellaneous provisions
  • Part 10 Supplementary provisions
  • SCHEDULE 1 Group relief where surrendering company not resident in UK
  • SCHEDULE 2 Relief for research and development: subjects of clinical trials
  • SCHEDULE 3 Claims for relief for research and development
  • SCHEDULE 4 Taxation of activities of film production company
  • SCHEDULE 5 Film tax relief: further provisions
  • SCHEDULE 6 Avoidance involving financial arrangements
  • SCHEDULE 7 Transfer of assets abroad
  • SCHEDULE 8 Long funding leases of plant or machinery
  • SCHEDULE 9 Leases of plant or machinery: miscellaneous amendments
  • SCHEDULE 10 Sale etc of lessor companies etc
  • SCHEDULE 11 Insurance companies
  • SCHEDULE 12 Settlements: amendment of TCGA 1992 etc
  • SCHEDULE 13 Settlements: amendments to ICTA and ITTOIA 2005 etc
  • SCHEDULE 14 Investment reliefs: venture capital schemes
  • SCHEDULE 15 Accountancy change: spreading of adjustment
  • SCHEDULE 16 Real Estate Investment Trusts: excluded business and income
  • SCHEDULE 17 Group Real Estate Investment Trusts: modifications
  • SCHEDULE 18 Oil taxation: market value of oil
  • SCHEDULE 19 Schedule to be inserted as Schedule 19C to ICTA
  • SCHEDULE 20 Inheritance tax: rules for trusts etc
  • SCHEDULE 21 Taxable property held by investment-regulated pension schemes
  • SCHEDULE 22 Pension schemes: inheritance tax
  • SCHEDULE 23 Pension schemes etc: miscellaneous
  • SCHEDULE 24 Stamp duty land tax: amendments of Schedule 15 to FA 2003
  • SCHEDULE 25 Stamp duty land tax: amendments of Schedule 17A to FA 2003
  • SCHEDULE 26 Repeals
  1. Finance Act 2006
  2. Introduction

Introduction

From legislation.gov.uk

An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.

[19th July 2006]

Most Gracious SovereignWe, Your Majesty's most dutiful and loyal subjects, the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses, and making an addition to the public revenue, have freely and voluntarily resolved to give and to grant unto Your Majesty the several duties hereinafter mentioned; and do therefore most humbly beseech Your Majesty that it may be enacted, and be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

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