The Tax Law Rewrite project's fifth ‘new style’ Tax Act (see ¶700-225) was the Corporation Tax Act 2009. This Act entered into force on 1 April 2009 and was effective for corporation tax purposes for accounting periods ending on or after that date (CTA 2009, s. 1329, subject to transitional provisions). The Act rewrote the former corporation tax charges on property income under:

Sch. A (‘a business carried on for the exploitation, as a source of rents or other receipts, of any estate, interest or rights in or over land in the United Kingdom’: Sch. A, para. 1(1) at ICTA 1988, s. 15(1)); and

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