Paragraph 627

Amend section 304 (applying the rules in section 303) as follows.

In subsection (1)(b) for “term” substitute “ terms ”.

In subsection (4) for the words from “securing” to the end substitute

“securing—

(a)

an income tax advantage in the application of this Chapter, or

(b)

a corporation tax advantage in the application of Chapter 4 of Part 4 of CTA 2009 (profits of property business: lease premiums etc).”

In subsection (5) after “applying” insert “ paragraph (b) of ”.