SCHEDULES

SCHEDULE 1U.K.Consequential amendments

Part 1 U.K.Income and Corporation Taxes Act 1988

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 ”.