This section has no associated Explanatory Notes
18(1)Amend section 35 (charge on assignment of lease granted at an undervalue) as follows.U.K.
(2)In subsection (2) for “him in consequence of his” substitute “ the assignor in consequence of the assignor's ”.
(3)In subsection (2A)(b) for “chargeable” substitute “ accounting ”.
(4)In subsection (3) for “tax” substitute “ corporation tax ”.