SCHEDULES

SCHEDULE 9 U.K. Friendly societies

Amendments of the Taxes Act 1988 U.K.

11 (1) Section 464 (maximum benefits payable to members) shall be amended as follows. U.K.

(2) In subsections (1) and (3), for “registered friendly society or branch" there shall be substituted “ friendly society or registered branch ”.

(3) In subsection (5)(d)(ii), for “society which is not" there shall be substituted “ friendly society other than ”.

(4) In subsection (7)—

(a) for “registered friendly society or branch" there shall be substituted “ friendly society or registered branch ”, and

(b) for “registered friendly societies or branches" there shall be substituted “ friendly societies or registered branches ”.