Income Tax (Trading and Other Income) Act 2005 Schedule 3

Repeals and revocations

Schedule 3 sets out the repeals and revocations of provisions across a wide range of earlier legislation that are consequential upon the enactment of the Income Tax (Trading and Other Income) Act 2005.

• The schedule removes or amends provisions from over 40 Acts and statutory instruments dating from 1950 to 2004, as part of the rewrite of income tax law for trading and other income.
• Many repeals remove references to the old Schedule D Case system (such as Cases I, II, IV and VI) and related charging provisions from the Income and Corporation Taxes Act 1988, which are replaced by the new Act's framework.
• Whole sections, subsections, schedules and specific phrases are deleted from Acts including the Taxes Management Act 1970, ICTA 1988, various Finance Acts, the Capital Allowances Act 2001, and the Income Tax (Earnings and Pensions) Act 2003, among others.
• The repeals also cover subordinate legislation such as the Income Tax (Furnished Accommodation) (Basic Amount) Order 1996 (revoked in its entirety) and parts of the Financial Services and Markets Act 2000 (Consequential Amendments) (Taxes) Order 2001.