SCHEDULES

SCHEDULE 4 Withdrawal of relief for interest on loans to buy land etc.

Amendments of Part IX of the Taxes Act 1988

3

1

Section 367 of the Taxes Act 1988 (supplementary provisions) is amended as follows.

2

Omit subsection (1) and, in subsection (2), the words “354(1) and”.

3

In subsections (3) and (4), for “sections 354”, in each place, substitute “ sections 359 ”.

4

In subsection (5), for “sections 356A to 357 and” substitute “ section ”.