This section provides for the phasing out of corporation profits tax. Where, on a date before 6th April, 1976, a source of income ceases to be within the charge to income tax and commences to be within the charge to corporation tax, it will at that time cease to be within the charge to corporation profits tax.
SECTION 174.
Question proposed: " That section 174 stand part of the Bill."
Question put and agreed to.