17(1)Section 744 (meaning of taking income into account in charging income tax for section 743) is amended as follows.U.K.
(2)In subsection (1) for “743(1) and (2)” substitute “ 743 ”.
(3)In subsection (2)—
(a)in paragraph (a) omit “or value of the benefit”, and
(b)in paragraph (b) for “income charged” substitute “ the income mentioned in section 721(2) ”.
(4)In subsection (3) for “that income” substitute “ the income mentioned in section 728(1)(a) ”.