Corporation Tax Act 2009

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.