Taxes Management Act 1970
158(1)Amend section 109 (corporation tax on close companies in connection with loans to participators etc) as follows.
(2)In subsection (1) for “sections 419 and 420 of the principal Act” substitute “sections 455 to 459 of CTA 2010”.
(3)In subsection (3) for “the said section 419” substitute “section 455 of CTA 2010”.
(4)In subsection (3A)—
(a)in paragraph (a) for “subsection (4) of section 419 of the principal Act” substitute “subsection (2) of section 458 of CTA 2010”, and
(b)for “the said section 419” substitute “section 455 of CTA 2010”.
(5)In subsection (4) for “section 419(4) of the principal Act” substitute “section 458 of CTA 2010”.
(6)In subsection (5) for “the said sections 419 and 420” substitute “sections 455 to 459 of CTA 2010”.