58(1)Amend section 84 (gifts to educational establishments) as follows.U.K.
(2)In subsection (1)—
(a)for “a person carrying on a trade, profession or vocation” substitute “ a company carrying on a trade or profession ”, and
(b)for “his trade” substitute “ its trade ”.
(3)In subsection (3)—
(a)for “the purposes of the Tax Acts” substitute “ corporation tax purposes ”, and
(b)for “his disposal” substitute “ its disposal ”.
(4)In subsection (3A) for “above is—” to the end substitute “ the period of two years beginning at the end of the accounting period in which the gift is made. ”
(5)Omit subsection (3B).
(6)In subsection (4)—
(a)after “in respect of the gift of an article” insert “ made by the donor ”,
(b)for “chargeable period”, in both places where it occurs, substitute “ accounting period ”,
(c)for “him” substitute “ the donor ”,
(d)before “tax”, in both places where it occurs, insert “ corporation ”, and
(e)for “he” substitute “ the donor ”.