Amendment of regulation 3617

1

Amend regulation 36 as follows.

2

In the title to the regulation after “Taxes Act” insert “and of Chapter 9 of Part 4 of ITTOIA 2005”.

3

In paragraph (2)(b) for “within the meaning given by section 540 of the Taxes Act” substitute “falling within section 484(1) of ITTOIA 2005”.

4

In paragraph (3) after “Taxes Act” insert “and of Chapter 9 of Part 4 of ITTOIA 2005”.

5

For paragraph (4) substitute—

4

Section 530 of ITTOIA 2005 does not apply to a gain in a case in which paragraph (1) applies.

6

In paragraph (5) for “section 550 of the Taxes Act” substitute “section 535 of ITTOIA 2005”.