Schedules
SCHEDULE 1Minor and consequential amendments
Part 2Other enactments
Income Tax (Trading and Other Income) Act 2005
460
1
Amend section 412 (cash equivalent of share capital) as follows.
2
In subsection (1) for the words from “within” to the end substitute “
issued as mentioned in section 410(1)(a) is the amount of the cash dividend alternative (see section 414A(2)).
”
3
In subsection (3) for “within section 249(1)(b) of ICTA (bonus share capital)” substitute “
issued as mentioned in section 410(1)(b)
”
.