There are currently no known outstanding effects for the Income Tax Act 2007, Paragraph 397.
397(1)Amend section 4 (capital expenditure) as follows.U.K.
(2)In subsection (4) for “section 348 or 349(1) of ICTA (annual payments)” substitute “ Chapter 6 of Part 15 of ITA 2007 (deduction from annual payments or patent royalties) or under section 906 of that Act (certain royalties etc where usual place of abode of owner is abroad) ”.
(3)Omit subsection (5).
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