SCHEDULES
SCHEDULE 1Consequential amendments
Part 2Other enactments
Finance Act 1999 (c. 16)
507
(1)
Amend section 65 (relevant discounted securities) as follows.
(2)
Omit subsections (1) to (6).
(3)
In subsection (8) for “subsections (1) to (7) above have” substitute “
subsection (7) above has
”
.
(4)
In subsections (9) and (10) for “subsections (1) to (7)”, “have effect” and “do not affect” substitute “
subsection (7)
”
, “
has effect
”
and “
does not affect
”
respectively.
(5)
In subsections (11) and (12) for “subsections (1) to (7) above have” substitute “
subsection (7) above has
”
.