Paragraph 17
(1)
Section 744 (meaning of taking income into account in charging income tax for section 743) is amended as follows.
(2)
In subsection (1) for “743(1) and (2)” substitute “ 743 ”.
(3)
In subsection (2)—
(a)
in paragraph (a) omit “or value of the benefit”, and
(b)
in paragraph (b) for “income charged” substitute “ the income mentioned in section 721(2) ”.
(4)
In subsection (3) for “that income” substitute “ the income mentioned in section 728(1)(a) ”.