ITTOIA 2005
62(1)Section 680A (income treated as savings income or dividend income) is amended as follows.
(2)In subsection (1)—
(a)for “Subsections (2) and (3) apply” substitute “Subsection (3) applies”, and
(b)omit “the savings rate or”.
(3)Omit subsection (2).
(4)In subsection (3), for the words from the beginning to “it” substitute “The income”.
(5)In subsection (4)—
(a)for “Subsections (5) and (6) apply” substitute “Subsection (6) applies”, and
(b)omit “the savings rate or”.
(6)Omit subsection (5).
(7)In subsection (6), for the words from the beginning to “it” substitute “The income”.
(8)Accordingly, in the heading omit “savings income or”.