Income Tax Act 2007

171 (1) Amend section 736B (deemed manufactured payments in the case of stock lending arrangements) as follows. U.K.

(2) In subsection (2)—

(a) after “that Schedule” insert “ , and section 97 of the Finance Act 1996 (loan relationships: manufactured interest), ”, and

(b) after “apply” insert “ for corporation tax purposes ”.

(3) In subsection (2A)—

(a) in paragraph (a) omit “income tax or”, and

(b) in paragraph (b) omit “total income or, as the case may be,”.