196(1)Amend section 504 (meaning of the “commercial letting of furnished accommodation”) as follows.U.K.
(2)Omit subsection (4).
(3)In subsection (6)—
(a)omit “year of assessment or”,
(b)for “person” substitute “ company ”,
(c)omit “year or” in each place where it occurs,
(d)for “he” substitute “ the company ”, and
(e)for “him” substitute “ the company ”.
(4)In subsection (6A) for “above is—” to the end substitute “ above is the period of two years beginning at the end of the accounting period in which the accommodation was let. ”
(5)In subsection (7)—
(a)omit “year of assessment or”, and
(b)omit “year or” in both places where it occurs.
(6)In subsection (8) omit “year of assessment or”.
(7)In subsection (9)—
(a)for “a person” substitute “ a company ”, and
(b)for “he” substitute “ it ”.