Paragraph 27 I1

after “held” insert

“— ”, and

(i)

after “establishment,” insert—

“(ii)

for the purposes of a trade carried on by the company of dealing in or developing UK land,

(iii)

for the purposes of a UK property business carried on by the company, or

(iv)

for the purposes of enabling the company to generate other UK property income (within the meaning given by section 5(6)),”.