Income Tax (Trading and Other Income) Act 2005 section 881

Disapplication of corporation tax: section 9 of ICTA

Section 881 dealt with the disapplication of corporation tax provisions under section 9 of the Income and Corporation Taxes Act, but has since been repealed and replaced by provisions in the Corporation Tax Act 2009.

• Section 881 originally addressed circumstances where corporation tax rules under ICTA section 9 were disapplied
• The section was removed (omitted) by the Corporation Tax Act 2009, Schedule 1, paragraph 644
• The repeal took effect for income tax and capital gains tax purposes from the 2009-10 tax year onwards
• For corporation tax purposes, the repeal applied to accounting periods ending on or after 1 April 2009