SCHEDULES

SCHEDULE 38U.K.Sale and repurchase of securities etc

ExceptionsU.K.

15U.K.In section 727A(1) of the Taxes Act 1988 (accrued income scheme not to apply to transfers of securities under repo agreements), insert at the end “ except in a case where section 730A of the Taxes Act 1988 is prevented from applying by subsection (8) of that section. ”.