This section has no associated Explanatory Notes
173(1)Amend section 737A (sale and repurchase of securities: deemed manufactured payments) as follows.U.K.
(2)In subsection (5) —
(a)after “dividend manufacturing regulations” 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 (5A), omit “income tax or”, “total income or” and “Where the relevant person is a company,”.