107(1)Amend section 125 (annual payments for non-taxable consideration) as follows.
(2)In subsection (2) for paragraph (a) and the word “and” at the end of the paragraph substitute—
“(a)is not interest but is—
(i)an annuity or other annual payment charged with income tax under Part 5 of ITTOIA 2005 otherwise than as relevant foreign income; or
(ii)an annuity or other annual payment charged with corporation tax under Case III of Schedule D; and”.
(3)In subsection (3)(a) for “section 660A(8) or (9)(a)” substitute “section 627(1) or (2)(a) of ITTOIA 2005”.