Amendments to the Income Tax Act 20074
1
The Income Tax Act 2007 is amended as follows.
2
In section 620(1) (transactions which are transfers: general) for paragraph (c) substitute—
c
to the redemption of variable rate securities in any case where there has been a transfer of the securities at any time before redemption, or
3
In paragraph 75(2) of Schedule 2 (transitionals and savings), in the substituted section 294(4), for “qualifying 90% company” substitute “qualifying 90% subsidiary of the relevant company”.