726(1)Amend Schedule 13 (sale and repurchase of securities) as follows.U.K.
(2)In paragraph 1(1) after “in that case” insert “ in respect of chargeable gains ”.
(3)Omit paragraphs 2 to 5, 7 to 10 and 12.
(4)In paragraph 14—
(a)in the definition of “creditor quasi-repo” for “paragraph 8” substitute “ section 544 of CTA 2009 ”,
(b)in the definition of “creditor repo” for “paragraph 7” substitute “ section 543 of CTA 2009 ”,
(c)in the definition of “debtor quasi-repo” for “paragraph 3” substitute “ section 549 of CTA 2009 ”,
(d)in the definition of “debtor repo” for “paragraph 2” substitute “ section 548 of CTA 2009 ”, and
(e)in the definition of “the loan relationship rules” for “Chapter 2 of Part 4 of FA 1996” substitute “ Part 5 of CTA 2009 ”.
(5)In paragraph 15(9)(b) for “paragraph 12” and “paragraph 10” substitute “ section 547 of CTA 2009 ” and “ section 546 of that Act ” respectively.