491(1)Amend Schedule 15 (loan relationships: savings and transitional provisions) as follows.U.K.
(2)In paragraph 26(2) for the definition of “relevant discounted security” substitute—
““deeply discounted security” has the same meaning as in Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (see section 430)”.
(3)In paragraph 28(b) for “Schedule 13 to this Act” and “relevant” substitute respectively “ Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (profits from deeply discounted securities) ” and “ deeply ”.
(4)In paragraph 30(1)(c) for “relevant” substitute “ deeply ”.