SCHEDULES

SCHEDULE 1Minor and consequential amendments

Part 1Income and Corporation Taxes Act 1988

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(1)

Amend section 24 (construction of Part 2) as follows.

(2)

In subsection (1)—

F1(a)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(b)

omit the definition of “premium”.

(3)

Omit subsections (2) to (4).

(4)

In subsection (5) omit the definitions of “intermediate landlord”, “premium” and “reversion”.

(5)

Omit subsection (6)(a).