Schedule 1: Minor and consequential amendments TCGA Section 59 of TCGA
3472.This section is amended to rewrite section 115(5) to (5C) of ICTA so far as it applies to chargeable gains of a company. The addition of the words “so far as providing for that relief” make clear that the rule (for both capital gains tax and corporation tax) goes no further than removing any exemption for chargeable gains in a double taxation arrangement. See Change 87 in Annex 1.