TNAG-1490-FCO40-2047-Hong-Kong-Inland-Revenue-(Amendment)-Bill-1986-1986 — Page 78

9

Amendment of section 87A.

Amendment of

"the Colony" to

“Hong Kong”.

Schedule.

(b) the sole or dominant purpose of the change was for the purpose of utilizing any loss or any balance of any loss sustained in a trade, profession or business carried on by the corporation, in order to avoid liability on the part of that corporation or any other person for the payment of any tax or to reduce the amount thereof, the set off of any such loss or balance of loss against any such profits shall be disallowed.".

11. Section 87A of the principal Ordinance is amended by deleting "or provi- dent fund".

12. The principal Ordinance is amended by deleting "the Colony" wherever it appears in the provisions specified in the Schedule and substituting the following--

section 21A;

Provisions of the Inland Revenue Ordinance

section 22(2);

section 23(1), (5), (6), (7), (8) and (9); section 23A(1) and (2); section 23B(1);

section 23C(1), (2) and (3);

section 28(1);

section 28A; section 29(1);

“Hong Kong”.

SCHEDULE

PART 1

Provisions of the Inland Revenue Ordinance

section 2(1);

section 5(1) and (2);

the proviso to section 7B(1);

section 8(I), (IA), (1B) and (2);

section 29A;

section 40(1);

[s. 12.]

section 41(4);

section 42B(1) and (2);

section 45(1), (2), (3) and (5);

section 49(1) and (3);

section 50(1), (2), (5) and (10);

section 51(7);

section 51A(1);

section 51C(1);

section 14;

section 15(1), (IA) and (2);

section 15C;

section 15D(1) and (2);

section 16(1) and (3);

section 16A(1);

section 16B(2), (4) and (6);

section 16C(1);

section 16E(1) and (2);

section 18(1), (2), (3), (4) and (5);

section 18B(1) and (2);

section 18C(1);

section 18D(1), (2), (2A), (3), (4) and (5);

section 18E(1);

section 19(1);

section 19A(3);

section 19C(5) and (6);

section 20(2);

section 20A(1) and (3);

section 21;

section 52(4), (5), (6) and (7);

section 56(1);

section 57(2);

section 59(1), (1B) and (1C);

section 63C(5);

section 63H(4) and (6);

section 64(1);

section 65(5);

section 66(1A);

section 68(2D);

section 76(1);

section 77(1), (3) and (4);

section 77A(2);

section 82A(4A);

section 88.

rule 2A(1);

PART 2

Provisions of the Inland Revenue Rules

rule 3(1) and (3);

rule 5(2).