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”.