This section has no associated Explanatory Notes
115(1)Amend section 231AB (no tax credit for original owner under repurchase agreement in respect of certain manufactured dividends) as follows.
(2)In subsection (1) after “section 231” insert “above or section 397(1) of ITTOIA 2005”.
(3)In subsection (1A)—
(a)for “a relevant person”, “section 233(1)” and “Schedule F” substitute “a person resident in the United Kingdom”, “section 399(2) of ITTOIA 2005” and “dividend” respectively, and
(b)omit the second sentence.