Free legislation on LexisWeb is as enacted and does not take into account any amendments

Full Table of Contents

363Overseas property businesses and overseas land: adaptation of rules

(1)    This section applies if a provision of this Part—

(a)    applies to an overseas property business or land outside the United Kingdom, but

(b)    is expressed by reference to a domestic concept of law.

(2)    In relation to that business or land, the provision is to be read so as to produce the result most closely corresponding with that produced by the provision in relation to a UK property business or land in the United Kingdom.

NOTES
Initial Commencement
Specified date

This Act comes into force on 6 April 2005 and has effect, for the purposes of income tax for the year 2005–06 and subsequent tax years, and for the purposes of corporation tax for accounting periods ending after 5 April 2005: see s 883; for transitional provisions and savings see Sch 2 hereto.
Income Tax Allowances, Deductions & Reliefs96 Property Taxes95 Company Law & Business Entities92 Trusts & Trustees99 Savings & Investment Income91 Equity & Trusts99 Companies & Corporate Bodies92 Property Income95 Income Tax95 Trading Income93 Real Property Law95 Administration & Collection of Income Tax99 International Tax96 Tax Law95 Personal Taxes95 Overseas Elements of Income Tax96

Full Table of Contents

Lexis®Library

  • Authoritative guides to the status of statutory provisions and their meaning from a range of titles from Butterworths, Halsbury's Statutes and TolleyView other related LexisLibrary annotations
  • The current law in England and Wales, consolidated by the incorporation of amendments into existing legislation, by an expert team of editorsView Consolidated Version
  • Indicates the date on which a section of an enactment was brought into force, powered by Halsbury's Is It In ForceView current status of this Act
  • Cases related to this particular case that are related to, or discuss this caseView related cases
  • Official explanatory notes that further explain the effects of the Act and summarise what the Act sets out to achieveView official explanatory notes
  • Commentary discussing this particular case from LexisLibrary's comprehensive range of titles including Butterworths, Halsbury's and TolleyView all related commentary
  • An authoritative guide to the status of statutory provisions and their meaning, including definitions, cross-references and information on commencement and amendmentView Halsbury Statutes Citator
  • Subordinate legislation is made under the authority of a provision (or provisions) of an Act (or Acts) of ParliamentView all subordinate legislation