SCHEDULES

SCHEDULE 25Loan relationships

Part 2Amendments of other enactments

The Finance Act 1988

59Commercial woodlands

1

Schedule 6 to the Finance Act 1988 (c. 39) is amended as follows.

2

In consequence of Chapter 2 of Part 4 of the Finance Act 1996 (loan relationships) in paragraph 3 (abolition of Schedule D election etc) omit—

a

sub-paragraphs (3)(a), (4)(a) and (5)(a) and (b);

b

in sub-paragraph (5), in the words following paragraph (c), the word “group”; and

c

sub-paragraph (6).