Paragraph 8

(1)

In section 70I (“short lease”)—

(a)

in subsections (2) and (9)(d), for “5” substitute “ 7 ”, and

(b)

omit subsections (3) to (8).

(2)

In section 70YF (the “term” of a lease)—

(a)

in subsection (5)(b), for “5” substitute “ 7 ”,

(b)

in subsection (6), for “5” substitute “ 7 ”, and

(c)

omit subsection (7).

(3)

In section 220 (allocation of expenditure to a chargeable period), in subsection (4)(c), for “5” substitute “ 7 ”.