Amendment of regulation 366

1

Amend regulation 367 (application of certain provisions where investor ceases to be entitled to relief from tax) as follows.

2

In paragraph (6)—

a

omit paragraphs (i) and (iii) of sub-paragraph (b),

b

omit sub-paragraph (e)(i),

c

omit sub-paragraph (f)(ii),

d

omit sub-paragraph (g),

e

in sub-paragraph (h)—

i

at the end of paragraph (ii) insert the word “and”, and

ii

omit paragraphs (iii) and (iv), and

f

omit sub-paragraph (i) and the word “and” immediately preceding it.

3

In paragraph (8) for “lower rate” substitute “basic rate”.

4

In paragraph (9)(a) for “lower rate” substitute “basic rate”.