SCHEDULES

SCHEDULE 2Transitionals and savings

Part 6Trading income

Reverse premiums

24

(1)

Sections 98 and 99 do not apply to a reverse premium—

(a)

which was received before 9 March 1999, or

(b)

to which the recipient was entitled immediately before that date.

(2)

In determining whether a reverse premium was one to which the recipient was entitled immediately before 9 March 1999, no account is to be taken of any arrangements made on or after that date.