Income Tax Act 2007 section 1018

"Act" to include Scottish and Northern Ireland legislation in some cases

Section 1018 clarifies that in certain specified provisions of the Income Tax Act 2007, the word "Act" has an extended meaning that includes legislation passed by the Scottish Parliament and Northern Ireland legislation.

• In specified sections of the Income Tax Act 2007, the term "Act" is broadened to include Acts of the Scottish Parliament, covering areas such as trade loss relief, charitable exemptions, partner capital contributions, and regulation-making powers.
• Similarly, in a slightly different but overlapping set of sections, "Act" also includes Northern Ireland legislation, with the addition of section 114 (exclusion of amounts in calculating a firm's contribution) which does not appear in the Scottish list.
• The sections affected span several parts of the Act, including loss relief rules (sections 66 and 114), charitable trust provisions (sections 532, 536, and 558), anti-avoidance rules (section 802), and powers to make consequential or corrective provisions (sections 1028 and 1029).
• Section 990 of the Act also deals with the meaning of "Act" in other provisions of the Income Tax Acts and, in particular, updates references to Northern Ireland legislation more broadly.