SCHEDULES

SCHEDULE 2Transitionals and savings

Part 3Rates at which income tax is charged

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In relation to a tax year before 2007-08—

a

references in this Act, another enactment or an instrument or document to the savings rate are to be read as references to the lower rate, and

b

references in this Act, another enactment or an instrument or document to the trust rate are to be read as references to the rate applicable to trusts.