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14.—(1) Schedule 18 to the Finance Act 1994 shall be modified as follows.
(2) In paragraph 1A(1)(1) the words “or capital redemption business” shall be omitted.
Paragraphs 1 and 1A of Schedule 18 to the Finance Act 1994 were substituted for paragraphs 1 and 2 of that Schedule by paragraph 79 of Schedule 14 to the Finance Act 1996.