SCHEDULES
SCHEDULE 1Minor and consequential amendments
Part 1Income and Corporation Taxes Act 1988
173
1
Amend section 737A (sale and repurchase of securities: deemed manufactured payments) as follows.
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,”.