Paragraph 11

(1)

Section 212P (effect of excess on pools) is amended as follows.

(2)

In subsection (3)—

(a)

for “a trade (or part of a trade)” substitute “ a qualifying activity (or part of a qualifying activity) ”,

(b)

for “the activities of that trade (or part of a trade)” substitute “ that activity (or that part of an activity) ”,

(c)

after “its trade” insert “ or business ”,

(d)

for “those activities” substitute “ that activity (or that part) ”, and

(e)

after “separate trade” insert “ or business ”.

(3)

In subsection (4)—

(a)

after “section 37” insert “ , 62 or 66 ”,

(b)

omit “trade”,

(c)

for “earlier” substitute “ other ”, and

(d)

after “period)” insert “ or section 259 or 260(3) of this Act (special leasing) ”.