Reduction in chargeable profits for certain financing income
This section has no associated Explanatory Notes
24(1)Section 751B (supplementary) is amended as follows.
(2)In the heading, for “Section 751A” substitute “Sections 751A and 751AA”.
(3)In subsections (1), (2), (3) (in each place) and (5), after “751A” insert “or 751AA”.
(4)In subsection (8)—
(a)after ““the relevant amount”” insert “—
(a)in the case of an appeal in respect of the refusal of an application under section 751A,”, and
(b)after “mentioned in that subsection” insert “, and
(b)in the case of an appeal in respect of the refusal of an application under section 751AA, has the meaning given by subsection (5) of that section.”
(5)In subsection (10)—
(a)after “751A” insert “or 751AA”, and
(b)after “751A(1)” insert “or 751AA(1)”.