Statutory Instruments
2009 No. 1029
Income Tax
Corporation Tax
The Substantial Donor Transactions (Variation of Threshold Limits) Regulations 2009
Made
22nd April 2009
Laid before the House of Commons
22nd April 2009
Coming into force
23rd April 2009
The Treasury make the following Regulations in exercise of the powers conferred by section 506C(9) of the Income and Corporation Taxes Act 1988( 1 ) and section 557(3) of the Income Tax Act 2007:
Citation and commencement
1. These Regulations may be cited as the Substantial Donor Transactions (Variation of Threshold Limits) Regulations 2009 and shall come into force on 23rd April 2009.
Amendments to the Income and Corporation Taxes Act 1988 and the Income Tax Act 2007
2. In each of—
(a) section 506A(2)(b) of the Income and Corporation Taxes Act 1988( 2 ), and
(b) section 549(2)(b) of the Income Tax Act 2007,
for “£100,000” substitute “£150,000”.
Steve McCabe
Bob Blizzard
Two of the Lords Commissioners of Her Majesty’s Treasury
22nd April 2009
1988 c. 1 ; section 506C was inserted by section 54 of the Finance Act 2006 (c. 25) and amended by paragraph 98 of Schedule 1 to the Income Tax Act 2007 (c. 3) .
Section 506A was inserted by section 54 of the Finance Act 2006 and amended by paragraph 96 of Schedule 1 to the Income Tax Act 2007.