This section has no associated Explanatory Notes
245(1)Section 584 (relief for unremittable overseas income) is amended as follows.U.K.
(2)In subsection (1)—
(a)for “a person is chargeable to tax” substitute “ a company is chargeable to corporation tax ”,
(b)for “for the purposes of tax” substitute “ for the purposes of corporation tax ”, and
(c)for “he”, in each place where it occurs, substitute “ the company ”.
(3)In subsection (2)—
(a)for “a person” substitute “ a company ”,
(b)for “his” substitute “ its ”, and
(c)for the words from “and tax” to “assessable,” substitute “ and corporation tax shall be assessable ”.
(4)In subsection (4) for “a person becomes chargeable to income tax or” substitute “ a company becomes chargeable to ”.
(5)Omit subsections (6)(a) and (7).