SCHEDULES
SCHEDULE 38Sale and repurchase of securities etc
Increase of repurchase price of UK securities by amount of deemed manufactured dividend
1
In section 737C of the Taxes Act 1988 (deemed manufactured payments)—
a
in subsection (3)(b) (repurchase price of UK equities to be treated as increased by gross amount of deemed manufactured dividend), omit “gross”, and
b
omit subsection (4) (definition of gross amount).