Paragraph 7
(1)
Schedule 5 (amount of tax chargeable: rent) is amended as follows.
(2)
In paragraph 9—
(a)
in sub-paragraph (4)—
(i)
after “section 55” insert “ or 74(1A) ”, and
(ii)
after “Schedule” (in the second place it occurs) insert “ 4A or ”, and
(b)
in sub-paragraph (5)—
(i)
for “that section” substitute “ section 55 ”, and
(ii)
after “Schedule” (in the second place it occurs) insert “ 6B ”.
(3)
In paragraph 9A(1), for “where there is chargeable consideration other than rent.” substitute
“where—
(a)there is chargeable consideration other than rent, and
(b)section 55 (amount of tax chargeable: general) applies to the transaction (whether as a result of paragraph 2 of Schedule 4A or otherwise).”