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Paragraph 2

Original text. Later amendments are not shown.

In the period beginning on 1st July 2008 and ending on 31st December 2008, section 71M has effect as if—

(a)

in subsection (1)—

(i)

for “each year” there were substituted “2008”; and

(ii)

paragraphs (a) and (b) were omitted.

(b)

In subsection (3) for the words “in that year” (as they appear in the definition of “relevant transaction”), there were substituted “in the period beginning on 1st July 2008 and ending on 31st December 2008”.